B-enterprise (d): 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-enterprise (d)
Largest movements
- Receivables within one year +€357,102
up €357,102 (+135%), from €264,429 to €621,531
of which Trade receivables: +€346,813
- Stocks and contracts +€100,027
up €100,027 (+68.5%), from €146,049 to €246,075
- Tangible fixed assets -€21,330
down €21,330 (-24.9%), from €85,827 to €64,497
of which Furniture and vehicles: -€16,335
- Advances received +€422,125
up €422,125 (+204%), from €207,099 to €629,224
- Current portion of long-term debt +€17,127
up €17,127 (+136%), from €12,567 to €29,694
- Other debts -€10,581
down €10,581 (-35.8%), from €29,550 to €18,968
- Gross operating margin -€64,965
down €64,965 (-58.4%), from €111,165 to €46,200
- Taxes -€42,176
down €42,176 (-99.4%), from €42,415 to €240
- Financial income -€9,717
down €9,717 (-98.3%), from €9,885 to €168
of which Non-recurring financial income: -€7,306
- Other operating charges -€2,644
down €2,644 (-42.4%), from €6,240 to €3,596
- Financial charges -€2,483
down €2,483 (-15.2%), from €16,319 to €13,836
of which Non-recurring financial charges: -€3,210
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 | €537,604 | €971,853 | +€434,250 | +80.8% |
| Fixed assets | 21/28 | €90,327 | €68,997 | -€21,330 | -23.6% |
| Tangible fixed assets | 22/27 | €85,827 | €64,497 | -€21,330 | -24.9% |
| Land and buildings | 22 | €6,427 | €4,427 | -€2,000 | -31.1% |
| Plant, machinery and equipment | 23 | €16,489 | €13,494 | -€2,995 | -18.2% |
| Furniture and vehicles | 24 | €62,910 | €46,576 | -€16,335 | -26.0% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €447,277 | €902,857 | +€455,580 | +102% |
| Stocks and contracts in progress | 3 | €146,049 | €246,075 | +€100,027 | +68.5% |
| Stocks | 30/36 | €146,049 | €246,075 | +€100,027 | +68.5% |
| Amounts receivable within one year | 40/41 | €264,429 | €621,531 | +€357,102 | +135% |
| Trade receivables | 40 | €258,464 | €605,277 | +€346,813 | +134% |
| Other amounts receivable | 41 | €5,965 | €16,254 | +€10,288 | +172% |
| Cash at bank and in hand | 54/58 | €36,799 | €35,250 | -€1,549 | -4.2% |
| Total equity and liabilities | 10/49 | €537,604 | €971,853 | +€434,250 | +80.8% |
| Equity | 10/15 | €111,975 | €110,346 | -€1,629 | -1.5% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €38,458 | €38,458 | = | 0.0% |
| 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 | €36,598 | €36,598 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,117 | €65,488 | -€1,629 | -2.4% |
| Amounts payable | 17/49 | €425,629 | €861,508 | +€435,879 | +102% |
| Amounts payable after more than one year | 17 | €38,898 | €45,953 | +€7,055 | +18.1% |
| Financial debts | 170/4 | €38,898 | €45,953 | +€7,055 | +18.1% |
| Amounts payable within one year | 42/48 | €386,731 | €815,555 | +€428,824 | +111% |
| Current portion of amounts payable after more than one year | 42 | €12,567 | €29,694 | +€17,127 | +136% |
| Financial debts | 43 | €75,000 | €75,373 | +€373 | +0.5% |
| Credit institutions | 430/8 | €75,000 | €75,373 | +€373 | +0.5% |
| Trade debts | 44 | €31,009 | €32,111 | +€1,102 | +3.6% |
| Suppliers | 440/4 | €31,009 | €32,111 | +€1,102 | +3.6% |
| Advances received on contracts in progress | 46 | €207,099 | €629,224 | +€422,125 | +204% |
| Taxes, remuneration and social security | 45 | €31,507 | €30,185 | -€1,322 | -4.2% |
| Taxes | 450/3 | €31,507 | €30,185 | -€1,322 | -4.2% |
| Other amounts payable | 47/48 | €29,550 | €18,968 | -€10,581 | -35.8% |
| Remuneration, social security and pensions | 62 | €6,263 | €7,515 | +€1,253 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,978 | €22,809 | +€831 | +3.8% |
| Other operating charges | 640/8 | €6,240 | €3,596 | -€2,644 | -42.4% |
| Gross operating margin | 9900 | €111,165 | €46,200 | -€64,965 | -58.4% |
| Operating profit (loss) | 9901 | €76,684 | €12,279 | -€64,405 | -84.0% |
| Financial income | 75/76B | €9,885 | €168 | -€9,717 | -98.3% |
| Recurring financial income | 75 | €2,579 | €168 | -€2,410 | -93.5% |
| Non-recurring financial income | 76B | €7,306 | €0 | -€7,306 | -100% |
| Financial charges | 65/66B | €16,319 | €13,836 | -€2,483 | -15.2% |
| Recurring financial charges | 65 | €13,109 | €13,836 | +€727 | +5.5% |
| Non-recurring financial charges | 66B | €3,210 | €0 | -€3,210 | -100% |
| Profit (loss) for the period before taxes | 9903 | €70,249 | -€1,389 | -€71,638 | |
| Income taxes | 67/77 | €42,415 | €240 | -€42,176 | -99.4% |
| Profit (loss) for the period | 9904 | €27,834 | -€1,629 | -€29,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,834 | -€1,629 | -€29,463 |
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.