B-EXCLUSIVE: 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-EXCLUSIVE
Largest movements
- Tangible fixed assets -€44,989
down €44,989 (-6.0%), from €748,863 to €703,874
of which Land and buildings: -€43,356
- Debts after one year -€86,652
down €86,652 (-31.3%), from €276,542 to €189,890
- Profit (loss) carried forward +€23,902
up €23,902 (+9.5%), from €250,401 to €274,303
- Other debts +€11,426
up €11,426 (+7.0%), from €162,916 to €174,343
- Gross operating margin +€14,493
up €14,493 (+34.8%), from €41,691 to €56,184
- Other operating charges +€6,246
up €6,246 (+2529.7%), from €247 to €6,493
- Financial charges -€4,793
down €4,793 (-48.0%), from €9,977 to €5,183
- Depreciation -€3,954
down €3,954 (-14.9%), from €26,519 to €22,565
- Taxes +€3,822
up €3,822 (+334.0%), from €1,144 to €4,966
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €769,319 | €717,901 | -€51,418 | -6.7% |
| Fixed assets | 21/28 | €748,863 | €703,874 | -€44,989 | -6.0% |
| Tangible fixed assets | 22/27 | €748,863 | €703,874 | -€44,989 | -6.0% |
| Land and buildings | 22 | €743,959 | €700,603 | -€43,356 | -5.8% |
| Plant, machinery and equipment | 23 | €568 | - | -€568 | |
| Furniture and vehicles | 24 | €4,336 | €3,270 | -€1,066 | -24.6% |
| Current assets | 29/58 | €20,456 | €14,027 | -€6,429 | -31.4% |
| Amounts receivable within one year | 40/41 | €15,156 | €8,867 | -€6,289 | -41.5% |
| Trade receivables | 40 | €65 | - | -€65 | |
| Other amounts receivable | 41 | €15,091 | €8,867 | -€6,224 | -41.2% |
| Cash at bank and in hand | 54/58 | €4,459 | €3,578 | -€881 | -19.8% |
| Deferred charges and accrued income | 490/1 | €841 | €1,582 | +€741 | +88.0% |
| Total equity and liabilities | 10/49 | €769,319 | €717,901 | -€51,418 | -6.7% |
| Equity | 10/15 | €266,072 | €289,974 | +€23,902 | +9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,471 | €9,471 | = | 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% |
| Tax-exempt reserves | 132 | €7,611 | €7,611 | = | 0.0% |
| Profit (loss) carried forward | 14 | €250,401 | €274,303 | +€23,902 | +9.5% |
| Amounts payable | 17/49 | €503,247 | €427,927 | -€75,320 | -15.0% |
| Amounts payable after more than one year | 17 | €276,542 | €189,890 | -€86,652 | -31.3% |
| Financial debts | 170/4 | €276,542 | €189,890 | -€86,652 | -31.3% |
| Amounts payable within one year | 42/48 | €220,595 | €231,927 | +€11,333 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €41,252 | €44,033 | +€2,781 | +6.7% |
| Trade debts | 44 | €12,347 | €5,587 | -€6,760 | -54.8% |
| Suppliers | 440/4 | €12,347 | €5,587 | -€6,760 | -54.8% |
| Taxes, remuneration and social security | 45 | €4,080 | €7,965 | +€3,886 | +95.2% |
| Taxes | 450/3 | €1,144 | €4,966 | +€3,822 | +334.0% |
| Remuneration and social security | 454/9 | €2,935 | €2,999 | +€64 | +2.2% |
| Other amounts payable | 47/48 | €162,916 | €174,343 | +€11,426 | +7.0% |
| Accrued charges and deferred income | 492/3 | €6,110 | €6,110 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,519 | €22,565 | -€3,954 | -14.9% |
| Other operating charges | 640/8 | €247 | €6,493 | +€6,246 | +2529.7% |
| Non-recurring operating charges | 66A | €62 | €488 | +€426 | +686.3% |
| Gross operating margin | 9900 | €41,691 | €56,184 | +€14,493 | +34.8% |
| Operating profit (loss) | 9901 | €14,863 | €26,638 | +€11,775 | +79.2% |
| Financial income | 75/76B | €5 | €1 | -€5 | -90.0% |
| Recurring financial income | 75 | €5 | €1 | -€5 | -90.0% |
| Financial charges | 65/66B | €9,977 | €5,183 | -€4,793 | -48.0% |
| Recurring financial charges | 65 | €9,977 | €5,183 | -€4,793 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €4,892 | €21,456 | +€16,564 | +338.6% |
| Income taxes | 67/77 | €1,144 | €4,966 | +€3,822 | +334.0% |
| Profit (loss) for the period | 9904 | €3,747 | €16,489 | +€12,742 | +340.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,747 | €16,489 | +€12,742 | +340.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.