B - NET: 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 - NET
Largest movements
- Receivables within one year +€6,379
up €6,379 (+13.1%), from €48,704 to €55,083
of which Trade receivables: +€6,463
- Tax, wage and social debts +€6,888
up €6,888 (+17.8%), from €38,697 to €45,585
of which Remuneration and social security: +€4,156
- Short-term financial debts -€6,159
down €6,159 (-17.8%), from €34,539 to €28,379
of which Credit institutions: -€5,310
- Profit (loss) carried forward +€4,968
up €4,968 (+1.4%), from -€345,845 to -€340,876
- Trade debts -€2,972
down €2,972 (-12.1%), from €24,560 to €21,588
- Accrued charges and deferred income +€2,300
new in 2025: €2,300
- Gross operating margin +€54,517
up €54,517 (+22.6%), from €241,469 to €295,986
- Staff costs +€17,896
up €17,896 (+6.7%), from €267,506 to €285,401
- Other operating charges +€7,514
up €7,514 (+7071.3%), from €106 to €7,620
- Write-downs -€6,807
down €6,807, from €0 to -€6,807
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 | €53,905 | €59,429 | +€5,524 | +10.2% |
| Fixed assets | 21/28 | €2,091 | €1,536 | -€555 | -26.5% |
| Intangible fixed assets | 21 | €69 | €0 | -€69 | -100.0% |
| Tangible fixed assets | 22/27 | €1,747 | €1,261 | -€486 | -27.8% |
| Plant, machinery and equipment | 23 | €1,747 | €1,261 | -€486 | -27.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €51,813 | €57,892 | +€6,079 | +11.7% |
| Amounts receivable within one year | 40/41 | €48,704 | €55,083 | +€6,379 | +13.1% |
| Trade receivables | 40 | €48,621 | €55,083 | +€6,463 | +13.3% |
| Other amounts receivable | 41 | €83 | €0 | -€83 | -100.0% |
| Cash at bank and in hand | 54/58 | €188 | €162 | -€26 | -13.7% |
| Deferred charges and accrued income | 490/1 | €2,922 | €2,647 | -€275 | -9.4% |
| Total equity and liabilities | 10/49 | €53,905 | €59,429 | +€5,524 | +10.2% |
| Equity | 10/15 | -€95,845 | -€90,876 | +€4,968 | +5.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€345,845 | -€340,876 | +€4,968 | +1.4% |
| Amounts payable | 17/49 | €149,749 | €150,305 | +€556 | +0.4% |
| Amounts payable after more than one year | 17 | €51,868 | €51,868 | = | 0.0% |
| Other amounts payable | 178/9 | €51,868 | €51,868 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,881 | €96,137 | -€1,744 | -1.8% |
| Financial debts | 43 | €34,539 | €28,379 | -€6,159 | -17.8% |
| Credit institutions | 430/8 | €26,791 | €21,481 | -€5,310 | -19.8% |
| Other loans | 439 | €7,748 | €6,899 | -€849 | -11.0% |
| Trade debts | 44 | €24,560 | €21,588 | -€2,972 | -12.1% |
| Suppliers | 440/4 | €24,560 | €21,588 | -€2,972 | -12.1% |
| Advances received on contracts in progress | 46 | - | €499 | +€499 | |
| Taxes, remuneration and social security | 45 | €38,697 | €45,585 | +€6,888 | +17.8% |
| Taxes | 450/3 | €280 | €3,012 | +€2,732 | +975.6% |
| Remuneration and social security | 454/9 | €38,417 | €42,574 | +€4,156 | +10.8% |
| Other amounts payable | 47/48 | €85 | €85 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,300 | +€2,300 | |
| Remuneration, social security and pensions | 62 | €267,506 | €285,401 | +€17,896 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,104 | €555 | -€1,549 | -73.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€6,807 | -€6,807 | |
| Other operating charges | 640/8 | €106 | €7,620 | +€7,514 | +7071.3% |
| Gross operating margin | 9900 | €241,469 | €295,986 | +€54,517 | +22.6% |
| Operating profit (loss) | 9901 | -€28,247 | €9,217 | +€37,464 | |
| Financial income | 75/76B | €3 | €261 | +€257 | +8016.2% |
| Recurring financial income | 75 | €3 | €261 | +€257 | +8016.2% |
| Financial charges | 65/66B | €3,145 | €4,509 | +€1,364 | +43.4% |
| Recurring financial charges | 65 | €3,145 | €4,509 | +€1,364 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,389 | €4,969 | +€36,358 | |
| Income taxes | 67/77 | €1 | €0 | -€0 | -25.0% |
| Profit (loss) for the period | 9904 | -€31,390 | €4,968 | +€36,358 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,390 | €4,968 | +€36,358 |
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 3 October 2026 via checked.be.