B.Management: 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.Management
Largest movements
- Receivables within one year +€5,557
up €5,557 (+22.3%), from €24,953 to €30,510
of which Other amounts receivable: +€5,553
- Cash +€4,454
up €4,454 (+6.3%), from €70,309 to €74,763
mainly Net result for the year (+€38,733) and Tax, wage and social debts (+€1,710)
- Profit (loss) carried forward +€8,233
up €8,233 (+9.4%), from €87,753 to €95,986
- Tax, wage and social debts +€1,710
up €1,710 (+14.8%), from €11,587 to €13,296
- Trade debts -€1,486
no longer reported in 2025 (was €1,486)
- Gross operating margin +€5,158
up €5,158 (+11.4%), from €45,201 to €50,359
- Financial charges -€1,866
down €1,866 (-91.2%), from €2,046 to €179
- Taxes +€1,610
up €1,610 (+18.6%), from €8,658 to €10,268
- Depreciation -€699
down €699 (-41.8%), from €1,673 to €974
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 | €101,385 | €110,654 | +€9,269 | +9.1% |
| Fixed assets | 21/28 | €5,203 | €4,725 | -€479 | -9.2% |
| Tangible fixed assets | 22/27 | €2,203 | €1,725 | -€479 | -21.7% |
| Furniture and vehicles | 24 | €2,203 | €1,725 | -€479 | -21.7% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €96,182 | €105,930 | +€9,748 | +10.1% |
| Amounts receivable within one year | 40/41 | €24,953 | €30,510 | +€5,557 | +22.3% |
| Trade receivables | 40 | €13,127 | €13,131 | +€4 | 0.0% |
| Other amounts receivable | 41 | €11,826 | €17,379 | +€5,553 | +47.0% |
| Cash at bank and in hand | 54/58 | €70,309 | €74,763 | +€4,454 | +6.3% |
| Deferred charges and accrued income | 490/1 | €920 | €657 | -€263 | -28.6% |
| Total equity and liabilities | 10/49 | €101,385 | €110,654 | +€9,269 | +9.1% |
| Equity | 10/15 | €88,312 | €96,545 | +€8,233 | +9.3% |
| Contributions | 10/11 | €559 | €559 | = | 0.0% |
| Outside capital | 11 | €559 | - | -€559 | |
| Other | 1109/19 | €559 | - | -€559 | |
| Profit (loss) carried forward | 14 | €87,753 | €95,986 | +€8,233 | +9.4% |
| Amounts payable | 17/49 | €13,073 | €14,109 | +€1,037 | +7.9% |
| Amounts payable within one year | 42/48 | €13,073 | €14,109 | +€1,037 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | - | €813 | +€813 | |
| Trade debts | 44 | €1,486 | - | -€1,486 | |
| Suppliers | 440/4 | €1,486 | - | -€1,486 | |
| Taxes, remuneration and social security | 45 | €11,587 | €13,296 | +€1,710 | +14.8% |
| Taxes | 450/3 | €11,587 | €13,296 | +€1,710 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,673 | €974 | -€699 | -41.8% |
| Other operating charges | 640/8 | €937 | €963 | +€26 | +2.8% |
| Gross operating margin | 9900 | €45,201 | €50,359 | +€5,158 | +11.4% |
| Operating profit (loss) | 9901 | €42,592 | €48,422 | +€5,830 | +13.7% |
| Financial income | 75/76B | €867 | €758 | -€109 | -12.6% |
| Recurring financial income | 75 | €867 | €758 | -€109 | -12.6% |
| Financial charges | 65/66B | €2,046 | €179 | -€1,866 | -91.2% |
| Recurring financial charges | 65 | €2,046 | €179 | -€1,866 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | €41,413 | €49,000 | +€7,587 | +18.3% |
| Income taxes | 67/77 | €8,658 | €10,268 | +€1,610 | +18.6% |
| Profit (loss) for the period | 9904 | €32,755 | €38,733 | +€5,977 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,755 | €38,733 | +€5,977 | +18.2% |
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 2 October 2026 via checked.be.