B-Managed: 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-Managed
Largest movements
- Receivables within one year +€87,114
up €87,114 (+40.3%), from €216,128 to €303,242
of which Other amounts receivable: +€100,545
- Cash +€50,494
up €50,494 (+206.4%), from €24,468 to €74,963
mainly Net result for the year (+€108,252) and Tax, wage and social debts (+€34,074)
- Deferred charges and accrued income -€4,036
down €4,036 (-100.0%), from €4,036 to €0
- Reserves +€108,252
up €108,252 (+61.3%), from €176,468 to €284,720
- Tax, wage and social debts +€34,074
up €34,074 (+90.6%), from €37,609 to €71,683
- Other debts -€5,564
down €5,564 (-100.0%), from €5,564 to €0
- Other operating charges -€395,111
down €395,111 (-99.8%), from €395,764 to €653
- Taxes +€20,823
up €20,823 (+64.1%), from €32,499 to €53,322
- Financial income +€10,145
up €10,145 (+250.6%), from €4,049 to €14,195
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 | €245,238 | €378,205 | +€132,966 | +54.2% |
| Fixed assets | 21/28 | €606 | €0 | -€606 | -100.0% |
| Tangible fixed assets | 22/27 | €606 | €0 | -€606 | -100.0% |
| Furniture and vehicles | 24 | €606 | €0 | -€606 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €244,632 | €378,205 | +€133,573 | +54.6% |
| Amounts receivable within one year | 40/41 | €216,128 | €303,242 | +€87,114 | +40.3% |
| Trade receivables | 40 | €27,982 | €14,550 | -€13,431 | -48.0% |
| Other amounts receivable | 41 | €188,146 | €288,692 | +€100,545 | +53.4% |
| Cash at bank and in hand | 54/58 | €24,468 | €74,963 | +€50,494 | +206.4% |
| Deferred charges and accrued income | 490/1 | €4,036 | €0 | -€4,036 | -100.0% |
| Total equity and liabilities | 10/49 | €245,238 | €378,205 | +€132,966 | +54.2% |
| Equity | 10/15 | €196,468 | €304,720 | +€108,252 | +55.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €176,468 | €284,720 | +€108,252 | +61.3% |
| Distributable reserves | 133 | €176,468 | €284,720 | +€108,252 | +61.3% |
| Amounts payable | 17/49 | €48,771 | €73,485 | +€24,714 | +50.7% |
| Amounts payable within one year | 42/48 | €48,771 | €73,485 | +€24,714 | +50.7% |
| Financial debts | 43 | €3,039 | €1,222 | -€1,818 | -59.8% |
| Credit institutions | 430/8 | €3,039 | €1,222 | -€1,818 | -59.8% |
| Trade debts | 44 | €2,558 | €581 | -€1,978 | -77.3% |
| Suppliers | 440/4 | €2,558 | €581 | -€1,978 | -77.3% |
| Taxes, remuneration and social security | 45 | €37,609 | €71,683 | +€34,074 | +90.6% |
| Taxes | 450/3 | €37,609 | €71,683 | +€34,074 | +90.6% |
| Other amounts payable | 47/48 | €5,564 | €0 | -€5,564 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €651 | €606 | -€45 | -6.8% |
| Other operating charges | 640/8 | €395,764 | €653 | -€395,111 | -99.8% |
| Gross operating margin | 9900 | €149,033 | €149,300 | +€267 | +0.2% |
| Operating profit (loss) | 9901 | -€247,382 | €148,041 | +€395,423 | |
| Financial income | 75/76B | €4,049 | €14,195 | +€10,145 | +250.6% |
| Recurring financial income | 75 | €4,049 | €14,195 | +€10,145 | +250.6% |
| Financial charges | 65/66B | €482 | €662 | +€180 | +37.4% |
| Recurring financial charges | 65 | €482 | €662 | +€180 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | -€243,814 | €161,574 | +€405,388 | |
| Income taxes | 67/77 | €32,499 | €53,322 | +€20,823 | +64.1% |
| Profit (loss) for the period | 9904 | -€276,313 | €108,252 | +€384,565 | |
| Profit (loss) for the period to be appropriated | 9905 | -€276,313 | €108,252 | +€384,565 |
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 12 October 2026 via checked.be.