B MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€10,523
down €10,523 (-6.0%), from €175,900 to €165,376
mainly Contributions, distributions and other (-€50,000) and Tax, wage and social debts (-€10,876)
- Deferred charges and accrued income +€4,120
new in 2025: €4,120
- Stocks and contracts +€3,749
up €3,749 (+14.9%), from €25,226 to €28,975
- Receivables within one year +€2,840
up €2,840 (+16.5%), from €17,198 to €20,038
of which Other amounts receivable: +€3,241
- Tangible fixed assets -€2,493
down €2,493 (-33.6%), from €7,418 to €4,925
of which Plant, machinery and equipment: -€2,260
- Other debts +€45,144
up €45,144 (+429.4%), from €10,513 to €55,657
- Reserves -€40,346
down €40,346 (-21.3%), from €189,521 to €149,175
- Tax, wage and social debts -€10,876
down €10,876 (-48.6%), from €22,384 to €11,507
- Trade debts +€3,790
up €3,790 (+153.2%), from €2,473 to €6,263
- Gross operating margin -€29,825
down €29,825 (-62.3%), from €47,892 to €18,067
- Taxes -€5,585
down €5,585 (-58.8%), from €9,494 to €3,910
- Financial charges +€1,652
up €1,652 (+199.4%), from €828 to €2,480
of which Financial charges: +€1,651
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 | €225,891 | €223,603 | -€2,289 | -1.0% |
| Fixed assets | 21/28 | €7,568 | €5,094 | -€2,474 | -32.7% |
| Tangible fixed assets | 22/27 | €7,418 | €4,925 | -€2,493 | -33.6% |
| Plant, machinery and equipment | 23 | €6,488 | €4,228 | -€2,260 | -34.8% |
| Furniture and vehicles | 24 | €930 | €696 | -€233 | -25.1% |
| Financial fixed assets | 28 | €150 | €169 | +€19 | +12.7% |
| Current assets | 29/58 | €218,324 | €218,509 | +€185 | +0.1% |
| Stocks and contracts in progress | 3 | €25,226 | €28,975 | +€3,749 | +14.9% |
| Stocks | 30/36 | €25,226 | €28,975 | +€3,749 | +14.9% |
| Amounts receivable within one year | 40/41 | €17,198 | €20,038 | +€2,840 | +16.5% |
| Trade receivables | 40 | €1,736 | €1,336 | -€401 | -23.1% |
| Other amounts receivable | 41 | €15,462 | €18,703 | +€3,241 | +21.0% |
| Cash at bank and in hand | 54/58 | €175,900 | €165,376 | -€10,523 | -6.0% |
| Deferred charges and accrued income | 490/1 | - | €4,120 | +€4,120 | |
| Total equity and liabilities | 10/49 | €225,891 | €223,603 | -€2,289 | -1.0% |
| Equity | 10/15 | €190,521 | €150,175 | -€40,346 | -21.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €189,521 | €149,175 | -€40,346 | -21.3% |
| Distributable reserves | 133 | €189,521 | €149,175 | -€40,346 | -21.3% |
| Amounts payable | 17/49 | €35,370 | €73,427 | +€38,058 | +107.6% |
| Amounts payable within one year | 42/48 | €35,370 | €73,427 | +€38,058 | +107.6% |
| Trade debts | 44 | €2,473 | €6,263 | +€3,790 | +153.2% |
| Suppliers | 440/4 | €2,473 | €6,263 | +€3,790 | +153.2% |
| Taxes, remuneration and social security | 45 | €22,384 | €11,507 | -€10,876 | -48.6% |
| Taxes | 450/3 | €22,384 | €11,507 | -€10,876 | -48.6% |
| Other amounts payable | 47/48 | €10,513 | €55,657 | +€45,144 | +429.4% |
| Non-recurring operating income | 76A | €0 | €0 | +€0 | +366.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,493 | €2,493 | = | 0.0% |
| Gross operating margin | 9900 | €47,892 | €18,067 | -€29,825 | -62.3% |
| Operating profit (loss) | 9901 | €45,399 | €15,574 | -€29,825 | -65.7% |
| Financial income | 75/76B | €161 | €470 | +€309 | +191.9% |
| Recurring financial income | 75 | €161 | €470 | +€309 | +191.9% |
| Financial charges | 65/66B | €828 | €2,480 | +€1,652 | +199.4% |
| Recurring financial charges | 65 | €828 | €2,479 | +€1,651 | +199.2% |
| Non-recurring financial charges | 66B | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | €44,731 | €13,564 | -€31,168 | -69.7% |
| Income taxes | 67/77 | €9,494 | €3,910 | -€5,585 | -58.8% |
| Profit (loss) for the period | 9904 | €35,237 | €9,654 | -€25,583 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,237 | €9,654 | -€25,583 | -72.6% |
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 11 October 2026 via checked.be.