B-GROOVE: 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-GROOVE
Largest movements
- Cash +€37,624
up €37,624 (+170%), from €22,075 to €59,699
mainly Short-term financial debts (+€173,089) and Net result for the year (+€153,051)
- Receivables within one year +€23,097
up €23,097 (+27.0%), from €85,422 to €108,519
of which Other amounts receivable: +€23,036
- Tangible fixed assets -€6,265
down €6,265 (-29.6%), from €21,181 to €14,915
of which Furniture and vehicles: -€7,283
- Other debts -€236,812
down €236,812 (-59.8%), from €396,193 to €159,381
- Short-term financial debts +€173,089
up €173,089 (+136%), from €127,609 to €300,699
- Profit (loss) carried forward +€153,051
up €153,051 (+25.8%), from -€593,456 to -€440,405
- Tax, wage and social debts -€19,561
down €19,561 (-69.8%), from €28,012 to €8,451
- Debts after one year -€12,599
down €12,599 (-9.6%), from €131,832 to €119,232
- Financial charges -€669,382
down €669,382 (-97.9%), from €684,063 to €14,682
of which Non-recurring financial charges: -€660,523
- Turnover +€15,887
up €15,887 (+8.0%), from €199,330 to €215,217
- Purchases and services -€13,466
down €13,466 (-32.6%), from €41,293 to €27,827
- Gross operating margin +€13,188
up €13,188 (+7.4%), from €178,691 to €191,879
- Staff costs +€10,829
new in 2025: €10,829
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 | €128,740 | €183,196 | +€54,456 | +42.3% |
| Fixed assets | 21/28 | €21,243 | €14,977 | -€6,265 | -29.5% |
| Tangible fixed assets | 22/27 | €21,181 | €14,915 | -€6,265 | -29.6% |
| Land and buildings | 22 | €4,186 | €5,203 | +€1,017 | +24.3% |
| Furniture and vehicles | 24 | €16,995 | €9,712 | -€7,283 | -42.9% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €107,497 | €168,219 | +€60,721 | +56.5% |
| Amounts receivable within one year | 40/41 | €85,422 | €108,519 | +€23,097 | +27.0% |
| Trade receivables | 40 | €51,434 | €51,496 | +€61 | +0.1% |
| Other amounts receivable | 41 | €33,988 | €57,024 | +€23,036 | +67.8% |
| Cash at bank and in hand | 54/58 | €22,075 | €59,699 | +€37,624 | +170% |
| Total equity and liabilities | 10/49 | €128,740 | €183,196 | +€54,456 | +42.3% |
| Equity | 10/15 | -€572,996 | -€419,945 | +€153,051 | +26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€593,456 | -€440,405 | +€153,051 | +25.8% |
| Amounts payable | 17/49 | €701,736 | €603,141 | -€98,595 | -14.1% |
| Amounts payable after more than one year | 17 | €131,832 | €119,232 | -€12,599 | -9.6% |
| Financial debts | 170/4 | €131,832 | €119,232 | -€12,599 | -9.6% |
| Amounts payable within one year | 42/48 | €567,322 | €483,908 | -€83,414 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €11,096 | €12,599 | +€1,504 | +13.6% |
| Financial debts | 43 | €127,609 | €300,699 | +€173,089 | +136% |
| Other loans | 439 | €127,609 | €300,699 | +€173,089 | +136% |
| Trade debts | 44 | €4,412 | €2,778 | -€1,634 | -37.0% |
| Suppliers | 440/4 | €4,412 | €2,778 | -€1,634 | -37.0% |
| Taxes, remuneration and social security | 45 | €28,012 | €8,451 | -€19,561 | -69.8% |
| Taxes | 450/3 | €28,012 | €8,451 | -€19,561 | -69.8% |
| Other amounts payable | 47/48 | €396,193 | €159,381 | -€236,812 | -59.8% |
| Accrued charges and deferred income | 492/3 | €2,582 | - | -€2,582 | |
| Turnover | 70 | €199,330 | €215,217 | +€15,887 | +8.0% |
| Non-recurring operating income | 76A | - | €2,598 | +€2,598 | |
| Goods, raw materials, services and sundry goods | 60/61 | €41,293 | €27,827 | -€13,466 | -32.6% |
| Remuneration, social security and pensions | 62 | - | €10,829 | +€10,829 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,684 | €7,283 | -€10,402 | -58.8% |
| Other operating charges | 640/8 | €6,287 | €6,034 | -€253 | -4.0% |
| Non-recurring operating charges | 66A | €56,358 | - | -€56,358 | |
| Gross operating margin | 9900 | €178,691 | €191,879 | +€13,188 | +7.4% |
| Operating profit (loss) | 9901 | €98,361 | €167,733 | +€69,372 | +70.5% |
| Financial charges | 65/66B | €684,063 | €14,682 | -€669,382 | -97.9% |
| Recurring financial charges | 65 | €23,540 | €14,682 | -€8,859 | -37.6% |
| Non-recurring financial charges | 66B | €660,523 | - | -€660,523 | |
| Profit (loss) for the period before taxes | 9903 | -€585,702 | €153,051 | +€738,753 | |
| Profit (loss) for the period | 9904 | -€585,702 | €153,051 | +€738,753 | |
| Profit (loss) for the period to be appropriated | 9905 | -€585,702 | €153,051 | +€738,753 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.