B DOT A: 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 DOT A
Largest movements
- Tangible fixed assets -€73,798
down €73,798 (-4.2%), from €1.8m to €1.7m
of which Land and buildings: -€59,783
- Cash -€50,942
down €50,942 (-78.3%), from €65,062 to €14,120
mainly Net result for the year (-€79,485) and Debts after one year (-€43,693)
- Reserves -€85,000
down €85,000 (-10.4%), from €816,860 to €731,860
of which Distributable reserves: -€85,000
- Debts after one year -€43,693
down €43,693 (-4.9%), from €887,588 to €843,896
of which Financial debts: -€101,852
- Gross operating margin -€91,921
down €91,921 (-64.3%), from €142,910 to €50,989
- Financial charges -€11,970
down €11,970 (-25.3%), from €47,327 to €35,357
- Other operating charges -€5,040
down €5,040 (-24.3%), from €20,704 to €15,664
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 | €1,839,207 | €1,710,513 | -€128,694 | -7.0% |
| Fixed assets | 21/28 | €1,761,987 | €1,688,189 | -€73,798 | -4.2% |
| Tangible fixed assets | 22/27 | €1,761,987 | €1,688,189 | -€73,798 | -4.2% |
| Land and buildings | 22 | €1,703,226 | €1,643,443 | -€59,783 | -3.5% |
| Plant, machinery and equipment | 23 | €18,780 | €16,095 | -€2,685 | -14.3% |
| Furniture and vehicles | 24 | €39,981 | €28,651 | -€11,330 | -28.3% |
| Current assets | 29/58 | €77,220 | €22,324 | -€54,896 | -71.1% |
| Amounts receivable within one year | 40/41 | €5,445 | €4,791 | -€653 | -12.0% |
| Trade receivables | 40 | €653 | €0 | -€653 | -100.0% |
| Other amounts receivable | 41 | €4,791 | €4,791 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,062 | €14,120 | -€50,942 | -78.3% |
| Deferred charges and accrued income | 490/1 | €6,713 | €3,413 | -€3,301 | -49.2% |
| Total equity and liabilities | 10/49 | €1,839,207 | €1,710,513 | -€128,694 | -7.0% |
| Equity | 10/15 | €832,427 | €752,942 | -€79,485 | -9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €816,860 | €731,860 | -€85,000 | -10.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €815,000 | €730,000 | -€85,000 | -10.4% |
| Profit (loss) carried forward | 14 | -€3,033 | €2,482 | +€5,515 | |
| Amounts payable | 17/49 | €1,006,780 | €957,570 | -€49,210 | -4.9% |
| Amounts payable after more than one year | 17 | €887,588 | €843,896 | -€43,693 | -4.9% |
| Financial debts | 170/4 | €502,344 | €400,492 | -€101,852 | -20.3% |
| Other amounts payable | 178/9 | €385,244 | €443,403 | +€58,159 | +15.1% |
| Amounts payable within one year | 42/48 | €119,192 | €113,675 | -€5,517 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €100,226 | €101,852 | +€1,626 | +1.6% |
| Trade debts | 44 | €15,923 | €10,563 | -€5,360 | -33.7% |
| Suppliers | 440/4 | €15,923 | €10,563 | -€5,360 | -33.7% |
| Taxes, remuneration and social security | 45 | €223 | €223 | = | 0.0% |
| Taxes | 450/3 | €223 | €223 | = | 0.0% |
| Other amounts payable | 47/48 | €2,820 | €1,037 | -€1,783 | -63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,304 | €79,453 | +€1,149 | +1.5% |
| Other operating charges | 640/8 | €20,704 | €15,664 | -€5,040 | -24.3% |
| Gross operating margin | 9900 | €142,910 | €50,989 | -€91,921 | -64.3% |
| Operating profit (loss) | 9901 | €43,903 | -€44,127 | -€88,030 | |
| Financial charges | 65/66B | €47,327 | €35,357 | -€11,970 | -25.3% |
| Recurring financial charges | 65 | €47,327 | €35,357 | -€11,970 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,424 | -€79,485 | -€76,061 | -2221.3% |
| Income taxes | 67/77 | €209 | €0 | -€209 | -100.0% |
| Profit (loss) for the period | 9904 | -€3,633 | -€79,485 | -€75,852 | -2087.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,633 | -€79,485 | -€75,852 | -2087.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.