B-Fin: 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-Fin
Largest movements
- Receivables within one year +€84,795
up €84,795 (+1052.1%), from €8,059 to €92,854
of which Other amounts receivable: +€70,380
- Deferred charges and accrued income -€7,866
down €7,866 (-90.4%), from €8,699 to €833
- Cash -€4,494
down €4,494 (-7.4%), from €61,013 to €56,520
mainly Receivables within one year (-€84,795) and Trade debts (-€20,206)
- Reserves +€55,178
up €55,178 (+262.3%), from €21,038 to €76,216
of which Distributable reserves: +€55,178
- Tax, wage and social debts +€21,963
up €21,963 (+820.0%), from €2,678 to €24,642
of which Taxes: +€21,963
- Trade debts -€20,206
down €20,206 (-96.9%), from €20,859 to €653
- Other debts +€19,178
up €19,178, from €0 to €19,178
- Current portion of long-term debt -€12,309
down €12,309 (-100.0%), from €12,309 to €0
- Gross operating margin +€55,618
up €55,618 (+88.4%), from €62,895 to €118,514
- Provisions -€34,311
down €34,311 (-100.0%), from €34,311 to €0
- Taxes +€20,195
up €20,195 (+166.5%), from €12,130 to €32,325
- Financial income +€1,927
up €1,927 (+583.7%), from €330 to €2,257
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.
Cash bridge derived
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 | €103,331 | €173,875 | +€70,543 | +68.3% |
| Fixed assets | 21/28 | €6,079 | €5,795 | -€284 | -4.7% |
| Tangible fixed assets | 22/27 | €6,079 | €5,795 | -€284 | -4.7% |
| Land and buildings | 22 | €11 | €0 | -€11 | -100.0% |
| Plant, machinery and equipment | 23 | €534 | €5,409 | +€4,875 | +913.6% |
| Furniture and vehicles | 24 | €5,534 | €386 | -€5,148 | -93.0% |
| Current assets | 29/58 | €97,253 | €168,080 | +€70,827 | +72.8% |
| Amounts receivable after more than one year | 29 | €19,482 | €17,874 | -€1,608 | -8.3% |
| Other amounts receivable | 291 | €19,482 | €17,874 | -€1,608 | -8.3% |
| Amounts receivable within one year | 40/41 | €8,059 | €92,854 | +€84,795 | +1052.1% |
| Trade receivables | 40 | €103 | €14,518 | +€14,415 | +13946.3% |
| Other amounts receivable | 41 | €7,956 | €78,336 | +€70,380 | +884.6% |
| Cash at bank and in hand | 54/58 | €61,013 | €56,520 | -€4,494 | -7.4% |
| Deferred charges and accrued income | 490/1 | €8,699 | €833 | -€7,866 | -90.4% |
| Total equity and liabilities | 10/49 | €103,331 | €173,875 | +€70,543 | +68.3% |
| Equity | 10/15 | €33,174 | €94,816 | +€61,642 | +185.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,038 | €76,216 | +€55,178 | +262.3% |
| 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 | €19,178 | €74,356 | +€55,178 | +287.7% |
| Profit (loss) carried forward | 14 | -€6,464 | €0 | +€6,464 | |
| Provisions and deferred taxes | 16 | €34,311 | €34,311 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €34,311 | €34,311 | = | 0.0% |
| Other liabilities and charges | 164/5 | €34,311 | €34,311 | = | 0.0% |
| Amounts payable | 17/49 | €35,846 | €44,747 | +€8,901 | +24.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €35,846 | €44,747 | +€8,901 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €12,309 | €0 | -€12,309 | -100.0% |
| Financial debts | 43 | - | €274 | +€274 | |
| Credit institutions | 430/8 | - | €274 | +€274 | |
| Trade debts | 44 | €20,859 | €653 | -€20,206 | -96.9% |
| Suppliers | 440/4 | €20,859 | €653 | -€20,206 | -96.9% |
| Taxes, remuneration and social security | 45 | €2,678 | €24,642 | +€21,963 | +820.0% |
| Taxes | 450/3 | €2,678 | €24,642 | +€21,963 | +820.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €19,178 | +€19,178 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,259 | €6,197 | -€62 | -1.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €34,311 | €0 | -€34,311 | -100.0% |
| Other operating charges | 640/8 | €387 | €1,002 | +€614 | +158.5% |
| Gross operating margin | 9900 | €62,895 | €118,514 | +€55,618 | +88.4% |
| Operating profit (loss) | 9901 | €21,938 | €111,315 | +€89,377 | +407.4% |
| Financial income | 75/76B | €330 | €2,257 | +€1,927 | +583.7% |
| Recurring financial income | 75 | €330 | €2,257 | +€1,927 | +583.7% |
| Financial charges | 65/66B | €267 | €427 | +€160 | +59.9% |
| Recurring financial charges | 65 | €267 | €427 | +€160 | +59.9% |
| Profit (loss) for the period before taxes | 9903 | €22,001 | €113,145 | +€91,143 | +414.3% |
| Income taxes | 67/77 | €12,130 | €32,325 | +€20,195 | +166.5% |
| Profit (loss) for the period | 9904 | €9,871 | €80,820 | +€70,949 | +718.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,871 | €80,820 | +€70,949 | +718.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.