B-LINE: 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.
What changed
B-LINE
NACE 46.190, Agents in non-specialised wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€101,880
2024 · €123,822-€21,942
Equity
€4.5m
2024 · €4.5m+€22,511
Cash
€143,457
2024 · €176,250-€32,793
Balance sheet total
€5.6m
2024 · €5.6m-€7,239
Largest movements
Assets
- Receivables within one year +€303,403
up €303,403 (+7.2%), from €4.2m to €4.5m
of which Other amounts receivable: +€303,051
- Current investments -€262,055
down €262,055 (-36.0%), from €728,907 to €466,852
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial charges +€15,981
up €15,981 (+27.1%), from €58,865 to €74,846
- Taxes -€8,455
down €8,455 (-15.4%), from €54,995 to €46,540
- Gross operating margin -€7,556
down €7,556 (-3.1%), from €239,891 to €232,336
- Financial income -€4,560
down €4,560 (-16.5%), from €27,672 to €23,112
- Depreciation +€2,400
up €2,400 (+9.1%), from €26,384 to €28,784
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.
Result 2024
€123,822
Gross operating margin
-€7,556
Depreciation
-€2,400
Other operating charges
+€100
Financial income
-€4,560
Financial charges
-€15,981
Taxes
+€8,455
Result 2025
€101,880
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.
From operations
-€181,162
Investment
+€249,979
Financing
-€101,610
Cash 2024
€176,250
From operations (derived)
-€181,162
Net result for the year
+€101,880
Depreciation
+€28,784
Receivables within one year
-€303,403
Deferred charges and accrued income
-€914
Provisions
-€2,966
Trade debts
+€5,400
Tax, wage and social debts
-€4,870
Other debts
-€10,618
Accrued charges and deferred income
+€5,544
Investment (derived)
+€249,979
Investment in fixed assets (net)
-€12,076
Current investments
+€262,055
Financing
-€101,610
Debts after one year
-€15,996
Current portion of long-term debt
-€6,244
Contributions, distributions and other
-€79,370
Cash 2025
€143,457
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,595,329 | €5,588,090 | -€7,239 | -0.1% |
| Fixed assets | 21/28 | €460,071 | €443,363 | -€16,708 | -3.6% |
| Tangible fixed assets | 22/27 | €460,071 | €443,363 | -€16,708 | -3.6% |
| Land and buildings | 22 | €436,141 | €426,866 | -€9,275 | -2.1% |
| Furniture and vehicles | 24 | €20,445 | €13,012 | -€7,433 | -36.4% |
| Other tangible fixed assets | 26 | €3,485 | €3,485 | = | 0.0% |
| Current assets | 29/58 | €5,135,258 | €5,144,727 | +€9,469 | +0.2% |
| Amounts receivable within one year | 40/41 | €4,220,330 | €4,523,732 | +€303,403 | +7.2% |
| Trade receivables | 40 | €31,772 | €32,124 | +€352 | +1.1% |
| Other amounts receivable | 41 | €4,188,558 | €4,491,608 | +€303,051 | +7.2% |
| Current investments | 50/53 | €728,907 | €466,852 | -€262,055 | -36.0% |
| Cash at bank and in hand | 54/58 | €176,250 | €143,457 | -€32,793 | -18.6% |
| Deferred charges and accrued income | 490/1 | €9,771 | €10,685 | +€914 | +9.4% |
| Total equity and liabilities | 10/49 | €5,595,329 | €5,588,090 | -€7,239 | -0.1% |
| Equity | 10/15 | €4,484,250 | €4,506,761 | +€22,511 | +0.5% |
| Contributions | 10/11 | €1,756,000 | €1,756,000 | = | 0.0% |
| Reserves | 13 | €2,728,250 | €2,750,761 | +€22,511 | +0.8% |
| Distributable reserves | 133 | €2,728,250 | €2,750,761 | +€22,511 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €920,581 | €917,614 | -€2,966 | -0.3% |
| Provisions for liabilities and charges | 160/5 | €920,581 | €917,614 | -€2,966 | -0.3% |
| Other liabilities and charges | 164/5 | €920,581 | €917,614 | -€2,966 | -0.3% |
| Amounts payable | 17/49 | €190,498 | €163,715 | -€26,784 | -14.1% |
| Amounts payable after more than one year | 17 | €58,827 | €42,832 | -€15,996 | -27.2% |
| Financial debts | 170/4 | €58,827 | €42,832 | -€15,996 | -27.2% |
| Amounts payable within one year | 42/48 | €123,174 | €106,842 | -€16,332 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €22,272 | €16,028 | -€6,244 | -28.0% |
| Trade debts | 44 | €3,232 | €8,632 | +€5,400 | +167.1% |
| Suppliers | 440/4 | €3,232 | €8,632 | +€5,400 | +167.1% |
| Taxes, remuneration and social security | 45 | €30,480 | €25,610 | -€4,870 | -16.0% |
| Taxes | 450/3 | €30,480 | €25,610 | -€4,870 | -16.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €67,190 | €56,572 | -€10,618 | -15.8% |
| Accrued charges and deferred income | 492/3 | €8,497 | €14,041 | +€5,544 | +65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,384 | €28,784 | +€2,400 | +9.1% |
| Other operating charges | 640/8 | €3,497 | €3,397 | -€100 | -2.9% |
| Gross operating margin | 9900 | €239,891 | €232,336 | -€7,556 | -3.1% |
| Operating profit (loss) | 9901 | €210,010 | €200,155 | -€9,856 | -4.7% |
| Financial income | 75/76B | €27,672 | €23,112 | -€4,560 | -16.5% |
| Recurring financial income | 75 | €27,672 | €23,112 | -€4,560 | -16.5% |
| Financial charges | 65/66B | €58,865 | €74,846 | +€15,981 | +27.1% |
| Recurring financial charges | 65 | €58,865 | €74,846 | +€15,981 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €178,817 | €148,420 | -€30,397 | -17.0% |
| Income taxes | 67/77 | €54,995 | €46,540 | -€8,455 | -15.4% |
| Profit (loss) for the period | 9904 | €123,822 | €101,880 | -€21,942 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €123,822 | €101,880 | -€21,942 | -17.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.