B-Development: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
B-Development
Largest movements
- Receivables within one year +€156,208
up €156,208 (+217.2%), from €71,911 to €228,119
- Current investments +€100,000
new in 2025: €100,000
- Cash -€21,347
down €21,347 (-12.3%), from €172,921 to €151,573
mainly Receivables within one year (-€156,208) and Current investments (-€100,000)
- Tangible fixed assets +€8,337
up €8,337 (+115.3%), from €7,232 to €15,568
of which Plant, machinery and equipment: +€9,811
- Reserves +€185,741
up €185,741 (+345.0%), from €53,844 to €239,585
- Tax, wage and social debts +€58,111
up €58,111 (+155.5%), from €37,372 to €95,484
- Gross operating margin +€133,572
up €133,572 (+105.2%), from €126,920 to €260,492
- Taxes +€53,077
up €53,077 (+178.7%), from €29,697 to €82,774
- Financial income +€5,867
up €5,867 (+147.4%), from €3,979 to €9,846
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,063 | €495,261 | +€243,197 | +96.5% |
| Fixed assets | 21/28 | €7,232 | €15,568 | +€8,337 | +115.3% |
| Tangible fixed assets | 22/27 | €7,232 | €15,568 | +€8,337 | +115.3% |
| Plant, machinery and equipment | 23 | - | €9,811 | +€9,811 | |
| Furniture and vehicles | 24 | €7,232 | €5,758 | -€1,474 | -20.4% |
| Current assets | 29/58 | €244,832 | €479,692 | +€234,860 | +95.9% |
| Amounts receivable within one year | 40/41 | €71,911 | €228,119 | +€156,208 | +217.2% |
| Other amounts receivable | 41 | €71,911 | €228,119 | +€156,208 | +217.2% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €172,921 | €151,573 | -€21,347 | -12.3% |
| Total equity and liabilities | 10/49 | €252,063 | €495,261 | +€243,197 | +96.5% |
| Equity | 10/15 | €213,541 | €399,282 | +€185,741 | +87.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,844 | €239,585 | +€185,741 | +345.0% |
| Distributable reserves | 133 | €53,844 | €239,585 | +€185,741 | +345.0% |
| Profit (loss) carried forward | 14 | €154,697 | €154,697 | = | 0.0% |
| Amounts payable | 17/49 | €38,523 | €95,979 | +€57,456 | +149.1% |
| Amounts payable within one year | 42/48 | €38,523 | €95,979 | +€57,456 | +149.1% |
| Trade debts | 44 | €1,150 | €495 | -€655 | -57.0% |
| Suppliers | 440/4 | €1,150 | €495 | -€655 | -57.0% |
| Taxes, remuneration and social security | 45 | €37,372 | €95,484 | +€58,111 | +155.5% |
| Taxes | 450/3 | €37,372 | €95,484 | +€58,111 | +155.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137 | €1,671 | +€1,533 | +1117.0% |
| Gross operating margin | 9900 | €126,920 | €260,492 | +€133,572 | +105.2% |
| Operating profit (loss) | 9901 | €126,783 | €258,822 | +€132,039 | +104.1% |
| Financial income | 75/76B | €3,979 | €9,846 | +€5,867 | +147.4% |
| Recurring financial income | 75 | €3,979 | €9,846 | +€5,867 | +147.4% |
| Financial charges | 65/66B | €212 | €153 | -€59 | -27.8% |
| Recurring financial charges | 65 | €212 | €153 | -€59 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €130,550 | €268,515 | +€137,965 | +105.7% |
| Income taxes | 67/77 | €29,697 | €82,774 | +€53,077 | +178.7% |
| Profit (loss) for the period | 9904 | €100,853 | €185,741 | +€84,888 | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €100,853 | €185,741 | +€84,888 | +84.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.