B&FR: 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&FR
Largest movements
- Tangible fixed assets -€9,843
down €9,843 (-7.4%), from €133,508 to €123,665
of which Leasing and similar rights: -€11,976
- Receivables within one year -€6,919
down €6,919 (-16.7%), from €41,436 to €34,517
of which Trade receivables: -€9,060
- Debts after one year -€15,893
down €15,893 (-17.9%), from €88,587 to €72,694
- Trade debts +€10,142
up €10,142 (+128.8%), from €7,877 to €18,019
- Tax, wage and social debts -€8,014
down €8,014 (-46.6%), from €17,208 to €9,194
of which Remuneration and social security: -€7,287
- Current portion of long-term debt -€2,999
down €2,999 (-7.0%), from €42,876 to €39,877
- Gross operating margin +€16,019
up €16,019 (+16.6%), from €96,360 to €112,379
- Depreciation +€11,017
up €11,017 (+39.8%), from €27,678 to €38,695
- Staff costs +€4,716
up €4,716 (+8.2%), from €57,782 to €62,498
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 | €196,154 | €180,171 | -€15,983 | -8.1% |
| Fixed assets | 21/28 | €133,508 | €123,665 | -€9,843 | -7.4% |
| Tangible fixed assets | 22/27 | €133,508 | €123,665 | -€9,843 | -7.4% |
| Land and buildings | 22 | €64,978 | €56,652 | -€8,326 | -12.8% |
| Plant, machinery and equipment | 23 | €639 | €399 | -€240 | -37.6% |
| Furniture and vehicles | 24 | €28,027 | €38,726 | +€10,699 | +38.2% |
| Leasing and similar rights | 25 | €39,864 | €27,888 | -€11,976 | -30.0% |
| Current assets | 29/58 | €62,646 | €56,506 | -€6,140 | -9.8% |
| Amounts receivable within one year | 40/41 | €41,436 | €34,517 | -€6,919 | -16.7% |
| Trade receivables | 40 | €33,763 | €24,703 | -€9,060 | -26.8% |
| Other amounts receivable | 41 | €7,673 | €9,814 | +€2,141 | +27.9% |
| Cash at bank and in hand | 54/58 | €19,505 | €20,250 | +€745 | +3.8% |
| Deferred charges and accrued income | 490/1 | €1,705 | €1,739 | +€34 | +2.0% |
| Total equity and liabilities | 10/49 | €196,154 | €180,171 | -€15,983 | -8.1% |
| Equity | 10/15 | €38,125 | €39,801 | +€1,676 | +4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 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 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,065 | €21,741 | +€1,676 | +8.4% |
| Amounts payable | 17/49 | €158,029 | €140,370 | -€17,659 | -11.2% |
| Amounts payable after more than one year | 17 | €88,587 | €72,694 | -€15,893 | -17.9% |
| Financial debts | 170/4 | €88,587 | €72,694 | -€15,893 | -17.9% |
| Amounts payable within one year | 42/48 | €69,357 | €67,090 | -€2,267 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €42,876 | €39,877 | -€2,999 | -7.0% |
| Trade debts | 44 | €7,877 | €18,019 | +€10,142 | +128.8% |
| Suppliers | 440/4 | €7,877 | €18,019 | +€10,142 | +128.8% |
| Taxes, remuneration and social security | 45 | €17,208 | €9,194 | -€8,014 | -46.6% |
| Taxes | 450/3 | €1,795 | €1,068 | -€727 | -40.5% |
| Remuneration and social security | 454/9 | €15,413 | €8,126 | -€7,287 | -47.3% |
| Other amounts payable | 47/48 | €1,396 | - | -€1,396 | |
| Accrued charges and deferred income | 492/3 | €85 | €586 | +€501 | +589.4% |
| Remuneration, social security and pensions | 62 | €57,782 | €62,498 | +€4,716 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,678 | €38,695 | +€11,017 | +39.8% |
| Other operating charges | 640/8 | €3,835 | €4,649 | +€814 | +21.2% |
| Non-recurring operating charges | 66A | €130 | - | -€130 | |
| Gross operating margin | 9900 | €96,360 | €112,379 | +€16,019 | +16.6% |
| Operating profit (loss) | 9901 | €6,935 | €6,537 | -€398 | -5.7% |
| Financial income | 75/76B | €7 | €590 | +€583 | +8328.6% |
| Recurring financial income | 75 | €7 | €590 | +€583 | +8328.6% |
| Financial charges | 65/66B | €5,261 | €5,037 | -€224 | -4.3% |
| Recurring financial charges | 65 | €5,261 | €5,037 | -€224 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €1,681 | €2,090 | +€409 | +24.3% |
| Income taxes | 67/77 | €443 | €414 | -€29 | -6.5% |
| Profit (loss) for the period | 9904 | €1,238 | €1,676 | +€438 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,238 | €1,676 | +€438 | +35.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.