B-INVEST: 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-INVEST
Largest movements
- Receivables within one year -€45,000
down €45,000 (-15.9%), from €282,877 to €237,877
- Cash +€30,060
up €30,060 (+88.3%), from €34,044 to €64,104
mainly Receivables within one year (+€45,000) and Other debts (+€6,300)
- Reserves -€17,952
down €17,952 (-6.6%), from €273,275 to €255,322
of which Distributable reserves: -€17,952
- Gross operating margin -€18,940
down €18,940, from €2,808 to -€16,132
- Other operating charges -€9,435
down €9,435 (-84.2%), from €11,205 to €1,771
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 | €1,369,671 | €1,354,731 | -€14,940 | -1.1% |
| Fixed assets | 21/28 | €1,052,750 | €1,052,750 | = | 0.0% |
| Financial fixed assets | 28 | €1,052,750 | €1,052,750 | = | 0.0% |
| Current assets | 29/58 | €316,921 | €301,981 | -€14,940 | -4.7% |
| Amounts receivable within one year | 40/41 | €282,877 | €237,877 | -€45,000 | -15.9% |
| Other amounts receivable | 41 | €282,877 | €237,877 | -€45,000 | -15.9% |
| Cash at bank and in hand | 54/58 | €34,044 | €64,104 | +€30,060 | +88.3% |
| Total equity and liabilities | 10/49 | €1,369,671 | €1,354,731 | -€14,940 | -1.1% |
| Equity | 10/15 | €1,326,025 | €1,308,072 | -€17,952 | -1.4% |
| Contributions | 10/11 | €1,052,750 | €1,052,750 | = | 0.0% |
| Reserves | 13 | €273,275 | €255,322 | -€17,952 | -6.6% |
| Non-distributable reserves | 130/1 | €19,381 | €19,381 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,381 | €19,381 | = | 0.0% |
| Distributable reserves | 133 | €253,893 | €235,941 | -€17,952 | -7.1% |
| Amounts payable | 17/49 | €43,646 | €46,659 | +€3,013 | +6.9% |
| Amounts payable within one year | 42/48 | €43,646 | €46,659 | +€3,013 | +6.9% |
| Trade debts | 44 | €365 | €280 | -€84 | -23.1% |
| Suppliers | 440/4 | €365 | €280 | -€84 | -23.1% |
| Taxes, remuneration and social security | 45 | €3,203 | - | -€3,203 | |
| Taxes | 450/3 | €503 | - | -€503 | |
| Remuneration and social security | 454/9 | €2,700 | - | -€2,700 | |
| Other amounts payable | 47/48 | €40,079 | €46,379 | +€6,300 | +15.7% |
| Other operating charges | 640/8 | €11,205 | €1,771 | -€9,435 | -84.2% |
| Gross operating margin | 9900 | €2,808 | -€16,132 | -€18,940 | |
| Operating profit (loss) | 9901 | -€8,397 | -€17,902 | -€9,505 | -113% |
| Financial charges | 65/66B | €99 | €50 | -€49 | -49.5% |
| Recurring financial charges | 65 | €99 | €50 | -€49 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,496 | -€17,952 | -€9,456 | -111% |
| Profit (loss) for the period | 9904 | -€8,496 | -€17,952 | -€9,456 | -111% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,496 | -€17,952 | -€9,456 | -111% |
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 31 October 2026 via checked.be.