B-Elt: 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-Elt
Largest movements
- Financial fixed assets +€540,000
up €540,000 (+17,008%), from €3,175 to €543,175
- Receivables within one year +€70,514
new in 2025: €70,514
- Tangible fixed assets +€34,040
up €34,040 (+2.1%), from €1.6m to €1.6m
of which Furniture and vehicles: +€84,972
- Debts after one year +€447,682
up €447,682 (+27.0%), from €1.7m to €2.1m
- Profit (loss) carried forward +€99,075
up €99,075 (+91.3%), from -€108,546 to -€9,470
- Current portion of long-term debt +€70,357
up €70,357 (+120%), from €58,561 to €128,918
- Gross operating margin +€123,633
up €123,633 (+136%), from €91,001 to €214,634
- Depreciation +€22,780
up €22,780 (+36.2%), from €62,877 to €85,657
- Financial charges +€8,273
up €8,273 (+59.6%), from €13,885 to €22,158
- Other operating charges +€7,613
up €7,613 (+5,758%), from €132 to €7,745
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 | €1,618,464 | €2,269,458 | +€650,995 | +40.2% |
| Fixed assets | 21/28 | €1,610,112 | €2,184,151 | +€574,040 | +35.7% |
| Tangible fixed assets | 22/27 | €1,606,937 | €1,640,976 | +€34,040 | +2.1% |
| Land and buildings | 22 | €1,601,873 | €1,547,798 | -€54,075 | -3.4% |
| Plant, machinery and equipment | 23 | €5,064 | €8,206 | +€3,143 | +62.1% |
| Furniture and vehicles | 24 | - | €84,972 | +€84,972 | |
| Financial fixed assets | 28 | €3,175 | €543,175 | +€540,000 | +17,008% |
| Current assets | 29/58 | €8,352 | €85,307 | +€76,955 | +921% |
| Amounts receivable within one year | 40/41 | - | €70,514 | +€70,514 | |
| Trade receivables | 40 | - | €70,514 | +€70,514 | |
| Cash at bank and in hand | 54/58 | €7,888 | €13,562 | +€5,674 | +71.9% |
| Deferred charges and accrued income | 490/1 | €464 | €1,230 | +€767 | +165% |
| Total equity and liabilities | 10/49 | €1,618,464 | €2,269,458 | +€650,995 | +40.2% |
| Equity | 10/15 | -€105,546 | -€6,470 | +€99,075 | +93.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,546 | -€9,470 | +€99,075 | +91.3% |
| Amounts payable | 17/49 | €1,724,009 | €2,275,929 | +€551,919 | +32.0% |
| Amounts payable after more than one year | 17 | €1,657,802 | €2,105,483 | +€447,682 | +27.0% |
| Financial debts | 170/4 | €1,657,802 | €2,105,483 | +€447,682 | +27.0% |
| Amounts payable within one year | 42/48 | €62,708 | €166,946 | +€104,238 | +166% |
| Current portion of amounts payable after more than one year | 42 | €58,561 | €128,918 | +€70,357 | +120% |
| Trade debts | 44 | €3,388 | €978 | -€2,409 | -71.1% |
| Suppliers | 440/4 | €3,388 | €978 | -€2,409 | -71.1% |
| Taxes, remuneration and social security | 45 | €759 | €15,824 | +€15,064 | +1,984% |
| Taxes | 450/3 | €759 | €15,824 | +€15,064 | +1,984% |
| Other amounts payable | 47/48 | - | €21,225 | +€21,225 | |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,877 | €85,657 | +€22,780 | +36.2% |
| Other operating charges | 640/8 | €132 | €7,745 | +€7,613 | +5,758% |
| Gross operating margin | 9900 | €91,001 | €214,634 | +€123,633 | +136% |
| Operating profit (loss) | 9901 | €27,993 | €121,233 | +€93,240 | +333% |
| Financial income | 75/76B | €17 | €0 | -€16 | -97.6% |
| Recurring financial income | 75 | €17 | €0 | -€16 | -97.6% |
| Financial charges | 65/66B | €13,885 | €22,158 | +€8,273 | +59.6% |
| Recurring financial charges | 65 | €13,885 | €22,158 | +€8,273 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €14,125 | €99,075 | +€84,951 | +601% |
| Profit (loss) for the period | 9904 | €14,125 | €99,075 | +€84,951 | +601% |
| Profit (loss) for the period to be appropriated | 9905 | €14,125 | €99,075 | +€84,951 | +601% |
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 16 October 2026 via checked.be.