B LIGHTED: 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 LIGHTED
Largest movements
- Receivables within one year +€606,844
up €606,844 (+287.7%), from €210,913 to €817,756
of which Trade receivables: +€594,488
- Tangible fixed assets -€446,482
down €446,482 (-95.3%), from €468,477 to €21,995
of which Land and buildings: -€380,827
- Cash +€43,183
up €43,183 (+1117.0%), from €3,866 to €47,049
mainly Investment in fixed assets (net) (+€403,171) and Debts after one year (+€268,802)
- Intangible fixed assets -€29,446
down €29,446 (-36.8%), from €80,075 to €50,629
- Debts after one year +€268,802
up €268,802 (+1164.4%), from €23,085 to €291,887
- Current portion of long-term debt -€181,996
down €181,996 (-95.6%), from €190,407 to €8,411
- Other debts +€60,000
up €60,000 (+600.0%), from €10,000 to €70,000
- Profit (loss) carried forward +€54,212
up €54,212 (+1169.9%), from €4,634 to €58,846
- Trade debts -€29,967
down €29,967 (-44.3%), from €67,690 to €37,723
- Gross operating margin +€328,990
up €328,990, from -€149,022 to €179,968
- Financial charges +€11,337
up €11,337 (+140.5%), from €8,067 to €19,405
- Staff costs -€4,346
down €4,346 (-11.3%), from €38,539 to €34,194
- Depreciation -€2,494
down €2,494 (-3.3%), from €75,252 to €72,758
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 | €845,346 | €1,024,040 | +€178,694 | +21.1% |
| Fixed assets | 21/28 | €548,653 | €72,724 | -€475,928 | -86.7% |
| Intangible fixed assets | 21 | €80,075 | €50,629 | -€29,446 | -36.8% |
| Tangible fixed assets | 22/27 | €468,477 | €21,995 | -€446,482 | -95.3% |
| Land and buildings | 22 | €394,082 | €13,255 | -€380,827 | -96.6% |
| Plant, machinery and equipment | 23 | €59,665 | - | -€59,665 | |
| Furniture and vehicles | 24 | €14,730 | €8,741 | -€5,989 | -40.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €296,694 | €951,316 | +€654,622 | +220.6% |
| Stocks and contracts in progress | 3 | €81,915 | €86,511 | +€4,596 | +5.6% |
| Stocks | 30/36 | €81,915 | €86,511 | +€4,596 | +5.6% |
| Amounts receivable within one year | 40/41 | €210,913 | €817,756 | +€606,844 | +287.7% |
| Trade receivables | 40 | €122,165 | €716,653 | +€594,488 | +486.6% |
| Other amounts receivable | 41 | €88,747 | €101,103 | +€12,356 | +13.9% |
| Cash at bank and in hand | 54/58 | €3,866 | €47,049 | +€43,183 | +1117.0% |
| Total equity and liabilities | 10/49 | €845,346 | €1,024,040 | +€178,694 | +21.1% |
| Equity | 10/15 | €549,914 | €604,126 | +€54,212 | +9.9% |
| Contributions | 10/11 | €394,800 | €394,800 | = | 0.0% |
| Reserves | 13 | €150,480 | €150,480 | = | 0.0% |
| Non-distributable reserves | 130/1 | €39,480 | €39,480 | = | 0.0% |
| Reserves not available under the articles | 1311 | €39,480 | €39,480 | = | 0.0% |
| Distributable reserves | 133 | €111,000 | €111,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,634 | €58,846 | +€54,212 | +1169.9% |
| Amounts payable | 17/49 | €295,432 | €419,914 | +€124,482 | +42.1% |
| Amounts payable after more than one year | 17 | €23,085 | €291,887 | +€268,802 | +1164.4% |
| Financial debts | 170/4 | €23,085 | €291,887 | +€268,802 | +1164.4% |
| Amounts payable within one year | 42/48 | €272,347 | €128,026 | -€144,320 | -53.0% |
| Current portion of amounts payable after more than one year | 42 | €190,407 | €8,411 | -€181,996 | -95.6% |
| Trade debts | 44 | €67,690 | €37,723 | -€29,967 | -44.3% |
| Suppliers | 440/4 | €67,690 | €37,723 | -€29,967 | -44.3% |
| Taxes, remuneration and social security | 45 | €4,250 | €11,893 | +€7,642 | +179.8% |
| Taxes | 450/3 | €1,697 | €7,922 | +€6,225 | +366.8% |
| Remuneration and social security | 454/9 | €2,553 | €3,971 | +€1,418 | +55.5% |
| Other amounts payable | 47/48 | €10,000 | €70,000 | +€60,000 | +600.0% |
| Remuneration, social security and pensions | 62 | €38,539 | €34,194 | -€4,346 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,252 | €72,758 | -€2,494 | -3.3% |
| Other operating charges | 640/8 | €4,693 | €4,478 | -€215 | -4.6% |
| Gross operating margin | 9900 | -€149,022 | €179,968 | +€328,990 | |
| Operating profit (loss) | 9901 | -€267,506 | €68,538 | +€336,044 | |
| Financial income | 75/76B | €4,277 | €5,758 | +€1,481 | +34.6% |
| Recurring financial income | 75 | €4,277 | €5,758 | +€1,481 | +34.6% |
| Financial charges | 65/66B | €8,067 | €19,405 | +€11,337 | +140.5% |
| Recurring financial charges | 65 | €8,067 | €19,405 | +€11,337 | +140.5% |
| Profit (loss) for the period before taxes | 9903 | -€271,297 | €54,891 | +€326,188 | |
| Income taxes | 67/77 | - | €679 | +€679 | |
| Profit (loss) for the period | 9904 | -€271,297 | €54,212 | +€325,509 | |
| Profit (loss) for the period to be appropriated | 9905 | -€271,297 | €54,212 | +€325,509 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.