B.Egon: what changed
Two financial 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.Egon
Largest movements
- Current investments -€34,005
down €34,005 (-12.8%), from €264,882 to €230,877
- Cash +€8,497
up €8,497 (+10.2%), from €83,280 to €91,776
mainly Net result for the year (+€122,832) and Current investments (+€34,005)
- Tax, wage and social debts -€34,964
down €34,964 (-81.1%), from €43,108 to €8,144
of which Taxes: -€34,964
- Accrued charges and deferred income +€4,246
new in 2025: €4,246
- Gross operating margin -€13,542
down €13,542 (-7.9%), from €171,717 to €158,175
- Financial income +€6,710
up €6,710 (+200%), from €3,358 to €10,067
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.
Derived cash bridge
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 | €366,033 | €337,413 | -€28,620 | -7.8% |
| Fixed assets | 21/28 | €9,003 | €6,479 | -€2,524 | -28.0% |
| Tangible fixed assets | 22/27 | €9,003 | €6,479 | -€2,524 | -28.0% |
| Furniture and vehicles | 24 | €9,003 | €6,479 | -€2,524 | -28.0% |
| Current assets | 29/58 | €357,030 | €330,934 | -€26,096 | -7.3% |
| Amounts receivable within one year | 40/41 | €4,145 | €6,755 | +€2,610 | +63.0% |
| Trade receivables | 40 | €202 | €3,117 | +€2,915 | +1,440% |
| Other amounts receivable | 41 | €3,942 | €3,638 | -€305 | -7.7% |
| Current investments | 50/53 | €264,882 | €230,877 | -€34,005 | -12.8% |
| Cash at bank and in hand | 54/58 | €83,280 | €91,776 | +€8,497 | +10.2% |
| Deferred charges and accrued income | 490/1 | €4,724 | €1,527 | -€3,198 | -67.7% |
| Total equity and liabilities | 10/49 | €366,033 | €337,413 | -€28,620 | -7.8% |
| Equity | 10/15 | €185,184 | €185,184 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €175,184 | €175,184 | = | 0.0% |
| Distributable reserves | 133 | €175,184 | €175,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €180,849 | €152,229 | -€28,620 | -15.8% |
| Amounts payable within one year | 42/48 | €180,849 | €147,983 | -€32,865 | -18.2% |
| Trade debts | 44 | €1,563 | €860 | -€703 | -45.0% |
| Suppliers | 440/4 | €1,563 | €860 | -€703 | -45.0% |
| Taxes, remuneration and social security | 45 | €43,108 | €8,144 | -€34,964 | -81.1% |
| Taxes | 450/3 | €40,630 | €5,666 | -€34,964 | -86.1% |
| Remuneration and social security | 454/9 | €2,479 | €2,479 | = | 0.0% |
| Other amounts payable | 47/48 | €136,177 | €138,979 | +€2,802 | +2.1% |
| Accrued charges and deferred income | 492/3 | - | €4,246 | +€4,246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,762 | €2,445 | -€317 | -11.5% |
| Other operating charges | 640/8 | €915 | €1,421 | +€506 | +55.3% |
| Non-recurring operating charges | 66A | - | €79 | +€79 | |
| Gross operating margin | 9900 | €171,717 | €158,175 | -€13,542 | -7.9% |
| Operating profit (loss) | 9901 | €168,041 | €154,231 | -€13,809 | -8.2% |
| Financial income | 75/76B | €3,358 | €10,067 | +€6,710 | +200% |
| Recurring financial income | 75 | €3,358 | €10,067 | +€6,710 | +200% |
| Financial charges | 65/66B | €2,409 | €2,990 | +€580 | +24.1% |
| Recurring financial charges | 65 | €2,409 | €2,990 | +€580 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €168,989 | €161,309 | -€7,680 | -4.5% |
| Income taxes | 67/77 | €37,442 | €38,477 | +€1,035 | +2.8% |
| Profit (loss) for the period | 9904 | €131,547 | €122,832 | -€8,715 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,547 | €122,832 | -€8,715 | -6.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.