B'NICE: 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'NICE
Largest movements
- Receivables within one year -€105,071
down €105,071 (-34.1%), from €307,761 to €202,691
of which Trade receivables: -€110,226
- Tangible fixed assets -€82,789
down €82,789 (-13.1%), from €631,497 to €548,708
of which Leasing and similar rights: -€91,944
- Stocks and contracts -€60,774
down €60,774 (-14.6%), from €417,324 to €356,550
- Cash -€14,656
down €14,656 (-47.8%), from €30,651 to €15,995
mainly Net result for the year (-€211,259) and Trade debts (-€136,849)
- Profit (loss) carried forward -€211,259
down €211,259 (-29.1%), from -€726,773 to -€938,032
- Trade debts -€136,849
down €136,849 (-32.0%), from €427,945 to €291,096
- Short-term financial debts +€97,135
up €97,135 (+72.3%), from €134,353 to €231,488
of which Credit institutions: +€124,627
- Debts after one year -€85,437
down €85,437 (-15.1%), from €565,672 to €480,235
- Other debts +€78,217
up €78,217 (+29.1%), from €269,098 to €347,315
- Gross operating margin +€366,448
up €366,448 (+257.9%), from €142,080 to €508,528
- Staff costs +€100,057
up €100,057 (+32.8%), from €305,180 to €405,236
- Write-downs +€57,194
up €57,194, from €0 to €57,194
- Depreciation +€13,281
up €13,281 (+11.2%), from €118,583 to €131,865
- Other operating charges +€5,557
up €5,557 (+83.5%), from €6,656 to €12,213
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 | €1,391,095 | €1,126,930 | -€264,164 | -19.0% |
| Fixed assets | 21/28 | €631,497 | €548,708 | -€82,789 | -13.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €631,497 | €548,708 | -€82,789 | -13.1% |
| Plant, machinery and equipment | 23 | €108,264 | €123,104 | +€14,840 | +13.7% |
| Furniture and vehicles | 24 | €23,990 | €18,305 | -€5,685 | -23.7% |
| Leasing and similar rights | 25 | €499,243 | €407,299 | -€91,944 | -18.4% |
| Current assets | 29/58 | €759,598 | €578,222 | -€181,375 | -23.9% |
| Stocks and contracts in progress | 3 | €417,324 | €356,550 | -€60,774 | -14.6% |
| Stocks | 30/36 | €417,324 | €356,550 | -€60,774 | -14.6% |
| Amounts receivable within one year | 40/41 | €307,761 | €202,691 | -€105,071 | -34.1% |
| Trade receivables | 40 | €285,139 | €174,913 | -€110,226 | -38.7% |
| Other amounts receivable | 41 | €22,622 | €27,778 | +€5,155 | +22.8% |
| Cash at bank and in hand | 54/58 | €30,651 | €15,995 | -€14,656 | -47.8% |
| Deferred charges and accrued income | 490/1 | €3,862 | €2,987 | -€875 | -22.7% |
| Total equity and liabilities | 10/49 | €1,391,095 | €1,126,930 | -€264,164 | -19.0% |
| Equity | 10/15 | -€203,638 | -€414,897 | -€211,259 | -103.7% |
| Contributions | 10/11 | €482,000 | €482,000 | = | 0.0% |
| Capital | 10 | €482,000 | €482,000 | = | 0.0% |
| Issued capital | 100 | €482,000 | €482,000 | = | 0.0% |
| Reserves | 13 | €41,135 | €41,135 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €34,935 | €34,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€726,773 | -€938,032 | -€211,259 | -29.1% |
| Amounts payable | 17/49 | €1,594,733 | €1,541,827 | -€52,906 | -3.3% |
| Amounts payable after more than one year | 17 | €565,672 | €480,235 | -€85,437 | -15.1% |
| Financial debts | 170/4 | €565,672 | €480,235 | -€85,437 | -15.1% |
| Amounts payable within one year | 42/48 | €997,810 | €1,015,060 | +€17,249 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €124,910 | €99,649 | -€25,260 | -20.2% |
| Financial debts | 43 | €134,353 | €231,488 | +€97,135 | +72.3% |
| Credit institutions | 430/8 | €106,861 | €231,488 | +€124,627 | +116.6% |
| Other loans | 439 | €27,492 | €0 | -€27,492 | -100.0% |
| Trade debts | 44 | €427,945 | €291,096 | -€136,849 | -32.0% |
| Suppliers | 440/4 | €427,945 | €291,096 | -€136,849 | -32.0% |
| Taxes, remuneration and social security | 45 | €41,504 | €45,511 | +€4,008 | +9.7% |
| Taxes | 450/3 | €412 | €834 | +€422 | +102.3% |
| Remuneration and social security | 454/9 | €41,091 | €44,677 | +€3,586 | +8.7% |
| Other amounts payable | 47/48 | €269,098 | €347,315 | +€78,217 | +29.1% |
| Accrued charges and deferred income | 492/3 | €31,250 | €46,532 | +€15,282 | +48.9% |
| Non-recurring operating income | 76A | €667 | €0 | -€667 | -100.0% |
| Remuneration, social security and pensions | 62 | €305,180 | €405,236 | +€100,057 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,583 | €131,865 | +€13,281 | +11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €57,194 | +€57,194 | |
| Other operating charges | 640/8 | €6,656 | €12,213 | +€5,557 | +83.5% |
| Non-recurring operating charges | 66A | €1,994 | €4,829 | +€2,835 | +142.2% |
| Gross operating margin | 9900 | €142,080 | €508,528 | +€366,448 | +257.9% |
| Operating profit (loss) | 9901 | -€290,332 | -€102,809 | +€187,523 | +64.6% |
| Financial income | 75/76B | €1,864 | €1,113 | -€751 | -40.3% |
| Recurring financial income | 75 | €1,864 | €1,113 | -€751 | -40.3% |
| Financial charges | 65/66B | €105,205 | €109,404 | +€4,199 | +4.0% |
| Recurring financial charges | 65 | €105,205 | €109,404 | +€4,199 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€393,673 | -€211,100 | +€182,573 | +46.4% |
| Income taxes | 67/77 | €174 | €159 | -€16 | -8.9% |
| Profit (loss) for the period | 9904 | -€393,847 | -€211,259 | +€182,589 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€393,847 | -€211,259 | +€182,589 | +46.4% |
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.