B-Low: 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-Low
Largest movements
- Receivables within one year +€30,375
up €30,375 (+3156.1%), from €962 to €31,337
of which Trade receivables: +€31,337
- Tangible fixed assets -€1,835
down €1,835 (-15.7%), from €11,686 to €9,851
- Cash +€1,338
up €1,338 (+8.0%), from €16,737 to €18,075
mainly Net result for the year (+€14,155) and Other debts (+€12,150)
- Intangible fixed assets -€781
down €781 (-21.9%), from €3,570 to €2,790
- Reserves +€20,000
new in 2025: €20,000
- Other debts +€12,150
up €12,150 (+60.3%), from €20,160 to €32,310
- Profit (loss) carried forward -€5,845
down €5,845 (-81.0%), from €7,218 to €1,373
- Tax, wage and social debts +€3,309
up €3,309 (+128.3%), from €2,578 to €5,887
- Gross operating margin +€9,748
up €9,748 (+79.3%), from €12,291 to €22,039
- Depreciation +€2,030
up €2,030 (+139.6%), from €1,455 to €3,485
- Taxes +€1,726
up €1,726 (+94.4%), from €1,828 to €3,555
- Other operating charges +€348
up €348 (+90.4%), from €384 to €732
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 | €32,957 | €62,618 | +€29,661 | +90.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €15,257 | €12,641 | -€2,616 | -17.1% |
| Intangible fixed assets | 21 | €3,570 | €2,790 | -€781 | -21.9% |
| Tangible fixed assets | 22/27 | €11,686 | €9,851 | -€1,835 | -15.7% |
| Furniture and vehicles | 24 | €11,686 | €9,851 | -€1,835 | -15.7% |
| Current assets | 29/58 | €17,700 | €49,977 | +€32,277 | +182.4% |
| Amounts receivable within one year | 40/41 | €962 | €31,337 | +€30,375 | +3156.1% |
| Trade receivables | 40 | €0 | €31,337 | +€31,337 | |
| Other amounts receivable | 41 | €962 | €0 | -€962 | -100.0% |
| Cash at bank and in hand | 54/58 | €16,737 | €18,075 | +€1,338 | +8.0% |
| Deferred charges and accrued income | 490/1 | - | €565 | +€565 | |
| Total equity and liabilities | 10/49 | €32,957 | €62,618 | +€29,661 | +90.0% |
| Equity | 10/15 | €10,218 | €24,373 | +€14,155 | +138.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €20,000 | +€20,000 | |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €7,218 | €1,373 | -€5,845 | -81.0% |
| Amounts payable | 17/49 | €22,739 | €38,245 | +€15,506 | +68.2% |
| Amounts payable within one year | 42/48 | €22,739 | €38,245 | +€15,506 | +68.2% |
| Trade debts | 44 | - | €48 | +€48 | |
| Suppliers | 440/4 | - | €48 | +€48 | |
| Taxes, remuneration and social security | 45 | €2,578 | €5,887 | +€3,309 | +128.3% |
| Taxes | 450/3 | €2,578 | €5,887 | +€3,309 | +128.3% |
| Other amounts payable | 47/48 | €20,160 | €32,310 | +€12,150 | +60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,455 | €3,485 | +€2,030 | +139.6% |
| Other operating charges | 640/8 | €384 | €732 | +€348 | +90.4% |
| Gross operating margin | 9900 | €12,291 | €22,039 | +€9,748 | +79.3% |
| Operating profit (loss) | 9901 | €10,452 | €17,822 | +€7,370 | +70.5% |
| Financial income | 75/76B | €0 | €4 | +€3 | +920.0% |
| Recurring financial income | 75 | €0 | €4 | +€3 | +920.0% |
| Financial charges | 65/66B | €39 | €115 | +€76 | +195.3% |
| Recurring financial charges | 65 | €39 | €115 | +€76 | +195.3% |
| Profit (loss) for the period before taxes | 9903 | €10,413 | €17,710 | +€7,297 | +70.1% |
| Income taxes | 67/77 | €1,828 | €3,555 | +€1,726 | +94.4% |
| Profit (loss) for the period | 9904 | €8,584 | €14,155 | +€5,571 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,584 | €14,155 | +€5,571 | +64.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.