B & F: 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 & F
Largest movements
- Tangible fixed assets -€36,584
down €36,584 (-5.3%), from €693,763 to €657,178
of which Land and buildings: -€19,395
- Receivables within one year +€17,286
up €17,286 (+42.1%), from €41,105 to €58,390
- Cash -€9,520
down €9,520 (-11.9%), from €80,189 to €70,669
mainly Debts after one year (-€37,357) and Receivables within one year (-€17,286)
- Debts after one year -€37,357
down €37,357 (-72.9%), from €51,253 to €13,896
- Gross operating margin -€18,270
down €18,270 (-11.9%), from €153,706 to €135,435
- Taxes -€6,275
down €6,275 (-80.1%), from €7,829 to €1,554
- Other operating charges +€4,340
up €4,340 (+17.5%), from €24,852 to €29,192
- Depreciation -€4,300
down €4,300 (-8.6%), from €49,872 to €45,571
- Write-downs -€1,632
down €1,632 (-51.8%), from €3,150 to €1,518
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 | €815,056 | €786,761 | -€28,295 | -3.5% |
| Fixed assets | 21/28 | €693,763 | €657,178 | -€36,584 | -5.3% |
| Tangible fixed assets | 22/27 | €693,763 | €657,178 | -€36,584 | -5.3% |
| Land and buildings | 22 | €594,749 | €575,354 | -€19,395 | -3.3% |
| Furniture and vehicles | 24 | €10,582 | €8,609 | -€1,973 | -18.6% |
| Other tangible fixed assets | 26 | €88,432 | €73,216 | -€15,216 | -17.2% |
| Current assets | 29/58 | €121,294 | €129,583 | +€8,289 | +6.8% |
| Amounts receivable within one year | 40/41 | €41,105 | €58,390 | +€17,286 | +42.1% |
| Trade receivables | 40 | €41,105 | €58,390 | +€17,286 | +42.1% |
| Cash at bank and in hand | 54/58 | €80,189 | €70,669 | -€9,520 | -11.9% |
| Deferred charges and accrued income | 490/1 | - | €524 | +€524 | |
| Total equity and liabilities | 10/49 | €815,056 | €786,761 | -€28,295 | -3.5% |
| Equity | 10/15 | €216,448 | €218,615 | +€2,167 | +1.0% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Capital | 10 | €87,000 | €87,000 | = | 0.0% |
| Issued capital | 100 | €87,000 | €87,000 | = | 0.0% |
| Reserves | 13 | €124,920 | €127,087 | +€2,167 | +1.7% |
| Non-distributable reserves | 130/1 | €8,700 | €8,700 | = | 0.0% |
| Legal reserve | 130 | €8,700 | €8,700 | = | 0.0% |
| Distributable reserves | 133 | €116,220 | €118,387 | +€2,167 | +1.9% |
| Profit (loss) carried forward | 14 | €4,528 | €4,528 | = | 0.0% |
| Amounts payable | 17/49 | €598,608 | €568,146 | -€30,462 | -5.1% |
| Amounts payable after more than one year | 17 | €51,253 | €13,896 | -€37,357 | -72.9% |
| Financial debts | 170/4 | €51,253 | €13,896 | -€37,357 | -72.9% |
| Amounts payable within one year | 42/48 | €545,109 | €547,307 | +€2,198 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €36,270 | €37,275 | +€1,005 | +2.8% |
| Trade debts | 44 | €8,838 | €7,771 | -€1,067 | -12.1% |
| Suppliers | 440/4 | €8,838 | €7,771 | -€1,067 | -12.1% |
| Taxes, remuneration and social security | 45 | €22,770 | €19,683 | -€3,087 | -13.6% |
| Taxes | 450/3 | €12,898 | €9,084 | -€3,814 | -29.6% |
| Remuneration and social security | 454/9 | €9,872 | €10,599 | +€727 | +7.4% |
| Other amounts payable | 47/48 | €477,231 | €482,578 | +€5,347 | +1.1% |
| Accrued charges and deferred income | 492/3 | €2,246 | €6,943 | +€4,697 | +209% |
| Remuneration, social security and pensions | 62 | €53,186 | €54,683 | +€1,497 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,872 | €45,571 | -€4,300 | -8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,150 | €1,518 | -€1,632 | -51.8% |
| Other operating charges | 640/8 | €24,852 | €29,192 | +€4,340 | +17.5% |
| Gross operating margin | 9900 | €153,706 | €135,435 | -€18,270 | -11.9% |
| Operating profit (loss) | 9901 | €22,646 | €4,470 | -€18,176 | -80.3% |
| Financial income | 75/76B | €233 | €435 | +€202 | +86.7% |
| Recurring financial income | 75 | €233 | €435 | +€202 | +86.7% |
| Financial charges | 65/66B | €2,106 | €1,184 | -€923 | -43.8% |
| Recurring financial charges | 65 | €2,106 | €1,184 | -€923 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €20,773 | €3,722 | -€17,051 | -82.1% |
| Income taxes | 67/77 | €7,829 | €1,554 | -€6,275 | -80.1% |
| Profit (loss) for the period | 9904 | €12,944 | €2,167 | -€10,776 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,944 | €2,167 | -€10,776 | -83.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.