B-NO ENGINEERING: 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-NO ENGINEERING
Largest movements
- Current investments +€249,999
up €249,999 (+10.3%), from €2.4m to €2.7m
- Cash -€128,037
down €128,037 (-39.9%), from €321,246 to €193,208
mainly Other debts (-€963,271) and Current investments (-€249,999)
- Reserves +€1.2m
up €1.2m (+24.6%), from €4.9m to €6.1m
- Other debts -€963,271
down €963,271 (-99.9%), from €964,060 to €789
- Tax, wage and social debts -€85,609
down €85,609 (-41.2%), from €208,041 to €122,432
of which Taxes: -€79,820
- Gross operating margin -€206,765
down €206,765 (-83.3%), from €248,219 to €41,455
- Taxes -€160,946
down €160,946 (-90.7%), from €177,462 to €16,516
- Financial income +€109,163
up €109,163 (+10.2%), from €1.1m to €1.2m
- Depreciation -€6,261
down €6,261 (-72.7%), from €8,608 to €2,347
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 | €6,253,053 | €6,397,806 | +€144,754 | +2.3% |
| Fixed assets | 21/28 | €3,411,421 | €3,411,170 | -€251 | 0.0% |
| Tangible fixed assets | 22/27 | €11,421 | €11,170 | -€251 | -2.2% |
| Land and buildings | 22 | €2,155 | €9,270 | +€7,114 | +330% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €9,266 | €1,900 | -€7,366 | -79.5% |
| Financial fixed assets | 28 | €3,400,000 | €3,400,000 | = | 0.0% |
| Current assets | 29/58 | €2,841,632 | €2,986,637 | +€145,005 | +5.1% |
| Amounts receivable within one year | 40/41 | €80,079 | €102,333 | +€22,254 | +27.8% |
| Trade receivables | 40 | €80,079 | €79,860 | -€219 | -0.3% |
| Other amounts receivable | 41 | - | €22,473 | +€22,473 | |
| Current investments | 50/53 | €2,435,013 | €2,685,012 | +€249,999 | +10.3% |
| Cash at bank and in hand | 54/58 | €321,246 | €193,208 | -€128,037 | -39.9% |
| Deferred charges and accrued income | 490/1 | €5,293 | €6,083 | +€790 | +14.9% |
| Total equity and liabilities | 10/49 | €6,253,053 | €6,397,806 | +€144,754 | +2.3% |
| Equity | 10/15 | €5,078,798 | €6,273,421 | +€1.2m | +23.5% |
| Contributions | 10/11 | €172,940 | €172,940 | = | 0.0% |
| Reserves | 13 | €4,860,109 | €6,054,733 | +€1.2m | +24.6% |
| Distributable reserves | 133 | €4,860,109 | €6,054,733 | +€1.2m | +24.6% |
| Profit (loss) carried forward | 14 | €45,748 | €45,748 | = | 0.0% |
| Amounts payable | 17/49 | €1,174,255 | €124,385 | -€1.0m | -89.4% |
| Amounts payable within one year | 42/48 | €1,174,255 | €124,385 | -€1.0m | -89.4% |
| Trade debts | 44 | €2,153 | €1,164 | -€990 | -46.0% |
| Suppliers | 440/4 | €2,153 | €1,164 | -€990 | -46.0% |
| Taxes, remuneration and social security | 45 | €208,041 | €122,432 | -€85,609 | -41.2% |
| Taxes | 450/3 | €202,252 | €122,432 | -€79,820 | -39.5% |
| Remuneration and social security | 454/9 | €5,789 | - | -€5,789 | |
| Other amounts payable | 47/48 | €964,060 | €789 | -€963,271 | -99.9% |
| Non-recurring operating income | 76A | - | €32,379 | +€32,379 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,608 | €2,347 | -€6,261 | -72.7% |
| Other operating charges | 640/8 | €2,418 | €2,603 | +€185 | +7.6% |
| Gross operating margin | 9900 | €248,219 | €41,455 | -€206,765 | -83.3% |
| Operating profit (loss) | 9901 | €237,194 | €36,505 | -€200,689 | -84.6% |
| Financial income | 75/76B | €1,070,471 | €1,179,634 | +€109,163 | +10.2% |
| Recurring financial income | 75 | €1,070,471 | €1,179,634 | +€109,163 | +10.2% |
| Financial charges | 65/66B | €2,522 | €5,000 | +€2,478 | +98.3% |
| Recurring financial charges | 65 | €2,522 | €5,000 | +€2,478 | +98.3% |
| Profit (loss) for the period before taxes | 9903 | €1,305,143 | €1,211,139 | -€94,004 | -7.2% |
| Income taxes | 67/77 | €177,462 | €16,516 | -€160,946 | -90.7% |
| Profit (loss) for the period | 9904 | €1,127,681 | €1,194,623 | +€66,942 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,127,681 | €1,194,623 | +€66,942 | +5.9% |
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 16 October 2026 via checked.be.