B-MAN: 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-MAN
Largest movements
- Financial fixed assets +€147,477
up €147,477 (+18.0%), from €818,566 to €966,043
- Receivables within one year +€41,670
up €41,670 (+55.9%), from €74,590 to €116,260
of which Other amounts receivable: +€36,670
- Receivables after one year -€17,750
down €17,750 (-100%), from €17,750 to €0
- Reserves +€192,464
up €192,464 (+40.1%), from €480,494 to €672,958
- Advances received -€50,000
down €50,000 (-27.0%), from €185,000 to €135,000
- Other debts +€32,706
up €32,706 (+40.9%), from €80,000 to €112,706
- Current portion of long-term debt +€31,998
up €31,998 (+61.1%), from €52,341 to €84,339
- Tax, wage and social debts -€18,980
down €18,980 (-26.6%), from €71,280 to €52,300
- Gross operating margin +€80,411
up €80,411 (+38.4%), from €209,432 to €289,843
- Taxes +€22,417
up €22,417 (+30.9%), from €72,442 to €94,859
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 | €914,533 | €1,085,358 | +€170,825 | +18.7% |
| Fixed assets | 21/28 | €818,566 | €966,043 | +€147,477 | +18.0% |
| Financial fixed assets | 28 | €818,566 | €966,043 | +€147,477 | +18.0% |
| Current assets | 29/58 | €95,967 | €119,315 | +€23,348 | +24.3% |
| Amounts receivable after more than one year | 29 | €17,750 | €0 | -€17,750 | -100% |
| Other amounts receivable | 291 | €17,750 | €0 | -€17,750 | -100% |
| Amounts receivable within one year | 40/41 | €74,590 | €116,260 | +€41,670 | +55.9% |
| Trade receivables | 40 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Other amounts receivable | 41 | €59,590 | €96,260 | +€36,670 | +61.5% |
| Cash at bank and in hand | 54/58 | €1,769 | €2,045 | +€276 | +15.6% |
| Deferred charges and accrued income | 490/1 | €1,858 | €1,010 | -€848 | -45.6% |
| Total equity and liabilities | 10/49 | €914,533 | €1,085,358 | +€170,825 | +18.7% |
| Equity | 10/15 | €507,489 | €699,953 | +€192,464 | +37.9% |
| Contributions | 10/11 | €26,995 | €26,995 | = | 0.0% |
| Reserves | 13 | €480,494 | €672,958 | +€192,464 | +40.1% |
| Distributable reserves | 133 | €480,494 | €672,958 | +€192,464 | +40.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €407,044 | €385,405 | -€21,639 | -5.3% |
| Amounts payable after more than one year | 17 | €17,509 | €0 | -€17,509 | -100% |
| Financial debts | 170/4 | €17,509 | €0 | -€17,509 | -100% |
| Amounts payable within one year | 42/48 | €389,291 | €385,405 | -€3,886 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €52,341 | €84,339 | +€31,998 | +61.1% |
| Trade debts | 44 | €670 | €1,060 | +€390 | +58.2% |
| Suppliers | 440/4 | €670 | €1,060 | +€390 | +58.2% |
| Advances received on contracts in progress | 46 | €185,000 | €135,000 | -€50,000 | -27.0% |
| Taxes, remuneration and social security | 45 | €71,280 | €52,300 | -€18,980 | -26.6% |
| Taxes | 450/3 | €71,280 | €52,300 | -€18,980 | -26.6% |
| Other amounts payable | 47/48 | €80,000 | €112,706 | +€32,706 | +40.9% |
| Accrued charges and deferred income | 492/3 | €243 | €0 | -€243 | -100% |
| Other operating charges | 640/8 | €847 | €528 | -€319 | -37.7% |
| Gross operating margin | 9900 | €209,432 | €289,843 | +€80,411 | +38.4% |
| Operating profit (loss) | 9901 | €208,585 | €289,315 | +€80,731 | +38.7% |
| Financial income | 75/76B | €865 | €1 | -€864 | -99.9% |
| Recurring financial income | 75 | €865 | €1 | -€864 | -99.9% |
| Financial charges | 65/66B | €1,253 | €1,994 | +€741 | +59.1% |
| Recurring financial charges | 65 | €1,253 | €1,994 | +€741 | +59.1% |
| Profit (loss) for the period before taxes | 9903 | €208,197 | €287,323 | +€79,126 | +38.0% |
| Income taxes | 67/77 | €72,442 | €94,859 | +€22,417 | +30.9% |
| Profit (loss) for the period | 9904 | €135,756 | €192,464 | +€56,708 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €135,756 | €192,464 | +€56,708 | +41.8% |
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 27 October 2026 via checked.be.