B HoldCo: 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 HoldCo
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€12,135
up €12,135 (+80.6%), from -€15,052 to -€2,917
- Financial charges -€2,250
down €2,250 (-87.4%), from €2,575 to €325
- Other operating charges +€332
up €332 (+85.8%), from €387 to €720
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 | €13,068,451 | €12,984,731 | -€83,720 | -0.6% |
| Fixed assets | 21/28 | €12,980,000 | €12,980,000 | = | 0.0% |
| Financial fixed assets | 28 | €12,980,000 | €12,980,000 | = | 0.0% |
| Current assets | 29/58 | €88,451 | €4,731 | -€83,720 | -94.7% |
| Cash at bank and in hand | 54/58 | €88,451 | €4,731 | -€83,720 | -94.7% |
| Total equity and liabilities | 10/49 | €13,068,451 | €12,984,731 | -€83,720 | -0.6% |
| Equity | 10/15 | €10,541,733 | €10,537,771 | -€3,962 | 0.0% |
| Contributions | 10/11 | €347,904 | €347,904 | = | 0.0% |
| Reserves | 13 | €10,211,844 | €10,211,844 | = | 0.0% |
| Tax-exempt reserves | 132 | €234,100 | €73,719 | -€160,381 | -68.5% |
| Distributable reserves | 133 | €9,977,744 | €10,138,125 | +€160,381 | +1.6% |
| Profit (loss) carried forward | 14 | -€18,015 | -€21,977 | -€3,962 | -22.0% |
| Amounts payable | 17/49 | €2,526,718 | €2,446,960 | -€79,758 | -3.2% |
| Amounts payable within one year | 42/48 | €2,526,718 | €2,446,960 | -€79,758 | -3.2% |
| Other amounts payable | 47/48 | €2,526,718 | €2,446,960 | -€79,758 | -3.2% |
| Other operating charges | 640/8 | €387 | €720 | +€332 | +85.8% |
| Gross operating margin | 9900 | -€15,052 | -€2,917 | +€12,135 | +80.6% |
| Operating profit (loss) | 9901 | -€15,440 | -€3,637 | +€11,803 | +76.4% |
| Financial charges | 65/66B | €2,575 | €325 | -€2,250 | -87.4% |
| Recurring financial charges | 65 | €2,575 | €325 | -€2,250 | -87.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,015 | -€3,962 | +€14,053 | +78.0% |
| Profit (loss) for the period | 9904 | -€18,015 | -€3,962 | +€14,053 | +78.0% |
| Transfer from tax-exempt reserves | 789 | €679,098 | €160,381 | -€518,717 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €661,083 | €156,419 | -€504,664 | -76.3% |
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 18 October 2026 via checked.be.