B & N: 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 & N
Largest movements
- Cash +€624,121
up €624,121 (+1,632%), from €38,236 to €662,356
mainly Net result for the year (+€920,373) and Tax, wage and social debts (+€69,799)
- Current investments +€279,200
new in 2025: €279,200
- Receivables after one year +€30,225
new in 2025: €30,225
- Receivables within one year +€27,233
up €27,233 (+80.0%), from €34,032 to €61,265
of which Other amounts receivable: +€27,737
- Reserves +€920,373
up €920,373 (+128%), from €719,059 to €1.6m
of which Distributable reserves: +€920,373
- Tax, wage and social debts +€69,799
up €69,799 (+314%), from €22,238 to €92,037
- Debts after one year -€44,005
down €44,005 (-8.5%), from €515,342 to €471,337
- Financial income +€1.1m
up €1.1m (+71,818%), from €1,469 to €1.1m
of which Non-recurring financial income: +€1.1m
- Gross operating margin -€98,588
down €98,588 (-97.2%), from €101,432 to €2,845
- Taxes +€75,622
up €75,622 (+461%), from €16,415 to €92,037
- Other operating charges -€4,510
down €4,510 (-69.4%), from €6,497 to €1,987
- Depreciation +€3,565
up €3,565 (+13.5%), from €26,416 to €29,981
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 | €1,378,760 | €2,333,391 | +€954,631 | +69.2% |
| Fixed assets | 21/28 | €1,305,034 | €1,298,383 | -€6,652 | -0.5% |
| Tangible fixed assets | 22/27 | €106,634 | €99,983 | -€6,652 | -6.2% |
| Land and buildings | 22 | €68,717 | €51,050 | -€17,666 | -25.7% |
| Plant, machinery and equipment | 23 | €17,318 | €33,631 | +€16,313 | +94.2% |
| Furniture and vehicles | 24 | €20,600 | €15,301 | -€5,298 | -25.7% |
| Financial fixed assets | 28 | €1,198,400 | €1,198,400 | = | 0.0% |
| Current assets | 29/58 | €73,726 | €1,035,008 | +€961,282 | +1,304% |
| Amounts receivable after more than one year | 29 | - | €30,225 | +€30,225 | |
| Other amounts receivable | 291 | - | €30,225 | +€30,225 | |
| Amounts receivable within one year | 40/41 | €34,032 | €61,265 | +€27,233 | +80.0% |
| Trade receivables | 40 | €2,380 | €1,876 | -€505 | -21.2% |
| Other amounts receivable | 41 | €31,652 | €59,389 | +€27,737 | +87.6% |
| Current investments | 50/53 | - | €279,200 | +€279,200 | |
| Cash at bank and in hand | 54/58 | €38,236 | €662,356 | +€624,121 | +1,632% |
| Deferred charges and accrued income | 490/1 | €1,458 | €1,962 | +€504 | +34.6% |
| Total equity and liabilities | 10/49 | €1,378,760 | €2,333,391 | +€954,631 | +69.2% |
| Equity | 10/15 | €725,259 | €1,645,632 | +€920,373 | +127% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €719,059 | €1,639,432 | +€920,373 | +128% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €717,199 | €1,637,572 | +€920,373 | +128% |
| Amounts payable | 17/49 | €653,501 | €687,759 | +€34,258 | +5.2% |
| Amounts payable after more than one year | 17 | €515,342 | €471,337 | -€44,005 | -8.5% |
| Financial debts | 170/4 | €515,342 | €471,337 | -€44,005 | -8.5% |
| Amounts payable within one year | 42/48 | €109,974 | €184,171 | +€74,198 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | €43,027 | €44,005 | +€978 | +2.3% |
| Financial debts | 43 | €18,500 | €5,000 | -€13,500 | -73.0% |
| Credit institutions | 430/8 | €18,500 | €5,000 | -€13,500 | -73.0% |
| Trade debts | 44 | €7,332 | €14,041 | +€6,709 | +91.5% |
| Suppliers | 440/4 | €7,332 | €14,041 | +€6,709 | +91.5% |
| Taxes, remuneration and social security | 45 | €22,238 | €92,037 | +€69,799 | +314% |
| Taxes | 450/3 | €22,238 | €92,037 | +€69,799 | +314% |
| Other amounts payable | 47/48 | €18,877 | €29,088 | +€10,211 | +54.1% |
| Accrued charges and deferred income | 492/3 | €28,185 | €32,250 | +€4,065 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,416 | €29,981 | +€3,565 | +13.5% |
| Other operating charges | 640/8 | €6,497 | €1,987 | -€4,510 | -69.4% |
| Gross operating margin | 9900 | €101,432 | €2,845 | -€98,588 | -97.2% |
| Operating profit (loss) | 9901 | €68,520 | -€29,123 | -€97,643 | |
| Financial income | 75/76B | €1,469 | €1,056,210 | +€1.1m | +71,818% |
| Recurring financial income | 75 | €1,469 | €6,210 | +€4,741 | +323% |
| Non-recurring financial income | 76B | - | €1,050,000 | +€1.1m | |
| Financial charges | 65/66B | €15,316 | €14,677 | -€639 | -4.2% |
| Recurring financial charges | 65 | €15,316 | €14,677 | -€639 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €54,672 | €1,012,410 | +€957,738 | +1,752% |
| Income taxes | 67/77 | €16,415 | €92,037 | +€75,622 | +461% |
| Profit (loss) for the period | 9904 | €38,257 | €920,373 | +€882,116 | +2,306% |
| Profit (loss) for the period to be appropriated | 9905 | €38,257 | €920,373 | +€882,116 | +2,306% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.