B finance: 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 finance
Largest movements
- Receivables within one year +€58,080
up €58,080 (+55.1%), from €105,414 to €163,494
of which Trade receivables: +€58,080
- Tangible fixed assets -€16,639
down €16,639 (-42.7%), from €38,926 to €22,287
of which Land and buildings: -€13,805
- Cash +€2,245
up €2,245 (+26.5%), from €8,480 to €10,725
mainly Trade debts (+€72,205) and Depreciation (+€18,291)
- Trade debts +€72,205
up €72,205 (+176%), from €41,041 to €113,247
- Other debts -€32,938
down €32,938 (-36.2%), from €90,946 to €58,008
- Tax, wage and social debts +€7,554
up €7,554 (+433%), from €1,746 to €9,300
- Profit (loss) carried forward -€3,136
down €3,136 (-65.0%), from €4,827 to €1,691
- Gross operating margin -€13,767
down €13,767 (-44.7%), from €30,792 to €17,025
- Depreciation -€1,411
down €1,411 (-7.2%), from €19,702 to €18,291
- Financial charges -€425
down €425 (-81.2%), from €523 to €98
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 | €152,820 | €196,506 | +€43,686 | +28.6% |
| Fixed assets | 21/28 | €38,926 | €22,287 | -€16,639 | -42.7% |
| Tangible fixed assets | 22/27 | €38,926 | €22,287 | -€16,639 | -42.7% |
| Land and buildings | 22 | €16,833 | €3,027 | -€13,805 | -82.0% |
| Plant, machinery and equipment | 23 | - | €1,101 | +€1,101 | |
| Other tangible fixed assets | 26 | €22,093 | €18,158 | -€3,935 | -17.8% |
| Current assets | 29/58 | €113,894 | €174,219 | +€60,325 | +53.0% |
| Amounts receivable within one year | 40/41 | €105,414 | €163,494 | +€58,080 | +55.1% |
| Trade receivables | 40 | €71,914 | €129,994 | +€58,080 | +80.8% |
| Other amounts receivable | 41 | €33,500 | €33,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,480 | €10,725 | +€2,245 | +26.5% |
| Total equity and liabilities | 10/49 | €152,820 | €196,506 | +€43,686 | +28.6% |
| Equity | 10/15 | €19,087 | €15,951 | -€3,136 | -16.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €4,827 | €1,691 | -€3,136 | -65.0% |
| Amounts payable | 17/49 | €133,733 | €180,555 | +€46,822 | +35.0% |
| Amounts payable within one year | 42/48 | €133,733 | €180,555 | +€46,822 | +35.0% |
| Trade debts | 44 | €41,041 | €113,247 | +€72,205 | +176% |
| Suppliers | 440/4 | €41,041 | €113,247 | +€72,205 | +176% |
| Taxes, remuneration and social security | 45 | €1,746 | €9,300 | +€7,554 | +433% |
| Taxes | 450/3 | €1,746 | €9,300 | +€7,554 | +433% |
| Other amounts payable | 47/48 | €90,946 | €58,008 | -€32,938 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,702 | €18,291 | -€1,411 | -7.2% |
| Other operating charges | 640/8 | €2,008 | €1,772 | -€236 | -11.7% |
| Gross operating margin | 9900 | €30,792 | €17,025 | -€13,767 | -44.7% |
| Operating profit (loss) | 9901 | €9,083 | -€3,038 | -€12,120 | |
| Financial charges | 65/66B | €523 | €98 | -€425 | -81.2% |
| Recurring financial charges | 65 | €523 | €98 | -€425 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €8,560 | -€3,136 | -€11,696 | |
| Profit (loss) for the period | 9904 | €8,560 | -€3,136 | -€11,696 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,560 | -€3,136 | -€11,696 |
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 30 October 2026 via checked.be.