B & L: 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 & L
Largest movements
- Tangible fixed assets -€29,289
down €29,289 (-4.4%), from €668,140 to €638,851
of which Land and buildings: -€23,139
- Receivables within one year +€7,116
new in 2025: €7,116
- Debts after one year -€13,702
down €13,702 (-19.1%), from €71,563 to €57,861
- Gross operating margin -€19,907
down €19,907 (-41.9%), from €47,560 to €27,653
- Taxes -€5,966
no longer reported in 2025 (was €5,966)
- Depreciation +€2,592
up €2,592 (+9.7%), from €26,697 to €29,289
- Other operating charges -€924
down €924 (-16.8%), from €5,498 to €4,574
- Financial charges -€834
down €834 (-16.9%), from €4,924 to €4,090
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 | €668,299 | €646,090 | -€22,209 | -3.3% |
| Fixed assets | 21/28 | €668,140 | €638,851 | -€29,289 | -4.4% |
| Tangible fixed assets | 22/27 | €668,140 | €638,851 | -€29,289 | -4.4% |
| Land and buildings | 22 | €640,949 | €617,810 | -€23,139 | -3.6% |
| Furniture and vehicles | 24 | €27,192 | €21,042 | -€6,150 | -22.6% |
| Current assets | 29/58 | €158 | €7,238 | +€7,080 | +4,473% |
| Amounts receivable within one year | 40/41 | - | €7,116 | +€7,116 | |
| Trade receivables | 40 | - | €7,116 | +€7,116 | |
| Cash at bank and in hand | 54/58 | €158 | €122 | -€36 | -22.8% |
| Total equity and liabilities | 10/49 | €668,299 | €646,090 | -€22,209 | -3.3% |
| Equity | 10/15 | €307,016 | €299,818 | -€7,198 | -2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €286,963 | €280,938 | -€6,025 | -2.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €204,904 | €198,879 | -€6,025 | -2.9% |
| Distributable reserves | 133 | €80,200 | €80,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,461 | €288 | -€1,173 | -80.3% |
| Provisions and deferred taxes | 16 | €137,315 | €134,213 | -€3,102 | -2.3% |
| Provisions for liabilities and charges | 160/5 | €52,601 | €52,601 | = | 0.0% |
| Pensions and similar obligations | 160 | €52,601 | €52,601 | = | 0.0% |
| Deferred taxes | 168 | €84,714 | €81,612 | -€3,102 | -3.7% |
| Amounts payable | 17/49 | €223,967 | €212,058 | -€11,909 | -5.3% |
| Amounts payable after more than one year | 17 | €71,563 | €57,861 | -€13,702 | -19.1% |
| Financial debts | 170/4 | €71,563 | €57,861 | -€13,702 | -19.1% |
| Amounts payable within one year | 42/48 | €152,404 | €154,197 | +€1,793 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €13,041 | €13,702 | +€661 | +5.1% |
| Trade debts | 44 | €6,708 | €5,763 | -€944 | -14.1% |
| Suppliers | 440/4 | €6,708 | €5,763 | -€944 | -14.1% |
| Taxes, remuneration and social security | 45 | €10,807 | €7,465 | -€3,342 | -30.9% |
| Taxes | 450/3 | €10,807 | €7,465 | -€3,342 | -30.9% |
| Other amounts payable | 47/48 | €121,850 | €127,267 | +€5,417 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,697 | €29,289 | +€2,592 | +9.7% |
| Other operating charges | 640/8 | €5,498 | €4,574 | -€924 | -16.8% |
| Gross operating margin | 9900 | €47,560 | €27,653 | -€19,907 | -41.9% |
| Operating profit (loss) | 9901 | €15,364 | -€6,210 | -€21,574 | |
| Financial charges | 65/66B | €4,924 | €4,090 | -€834 | -16.9% |
| Recurring financial charges | 65 | €4,924 | €4,090 | -€834 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €10,440 | -€10,300 | -€20,740 | |
| Transfer from deferred taxes | 780 | €3,102 | €3,102 | = | 0.0% |
| Income taxes | 67/77 | €5,966 | - | -€5,966 | |
| Profit (loss) for the period | 9904 | €7,576 | -€7,198 | -€14,774 | |
| Transfer from tax-exempt reserves | 789 | €6,025 | €6,025 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,601 | -€1,173 | -€14,774 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.