B&O: 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&O
Largest movements
- Cash +€45,097
up €45,097 (+258.1%), from €17,470 to €62,567
mainly Other debts (+€56,039) and Net result for the year (+€54,871)
- Tangible fixed assets -€21,013
down €21,013 (-23.2%), from €90,459 to €69,446
of which Furniture and vehicles: -€20,163
- Receivables within one year +€15,142
up €15,142 (+20.0%), from €75,709 to €90,852
of which Trade receivables: +€23,188
- Other debts +€56,039
up €56,039 (+564.2%), from €9,932 to €65,971
- Reserves -€25,129
down €25,129 (-21.0%), from €119,393 to €94,265
- Trade debts +€15,453
up €15,453 (+92.0%), from €16,788 to €32,241
- Debts after one year -€10,258
down €10,258 (-31.1%), from €32,963 to €22,705
- Tax, wage and social debts +€5,676
up €5,676, from €0 to €5,676
- Gross operating margin +€60,835
up €60,835 (+121.1%), from €50,224 to €111,059
- Taxes +€15,109
up €15,109 (+330.8%), from €4,568 to €19,676
- Staff costs +€2,856
new in 2025: €2,856
- Financial charges -€1,783
down €1,783 (-26.4%), from €6,752 to €4,968
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 | €208,789 | €249,098 | +€40,309 | +19.3% |
| Formation expenses | 20 | €67 | €0 | -€67 | -100.0% |
| Fixed assets | 21/28 | €90,459 | €69,776 | -€20,683 | -22.9% |
| Tangible fixed assets | 22/27 | €90,459 | €69,446 | -€21,013 | -23.2% |
| Plant, machinery and equipment | 23 | €249 | €0 | -€249 | -100.0% |
| Furniture and vehicles | 24 | €84,341 | €64,179 | -€20,163 | -23.9% |
| Other tangible fixed assets | 26 | €5,870 | €5,267 | -€602 | -10.3% |
| Financial fixed assets | 28 | - | €330 | +€330 | |
| Current assets | 29/58 | €118,263 | €179,322 | +€61,059 | +51.6% |
| Stocks and contracts in progress | 3 | €20,975 | €21,384 | +€409 | +2.0% |
| Stocks | 30/36 | €20,975 | €21,384 | +€409 | +2.0% |
| Amounts receivable within one year | 40/41 | €75,709 | €90,852 | +€15,142 | +20.0% |
| Trade receivables | 40 | €42,526 | €65,714 | +€23,188 | +54.5% |
| Other amounts receivable | 41 | €33,183 | €25,138 | -€8,045 | -24.2% |
| Cash at bank and in hand | 54/58 | €17,470 | €62,567 | +€45,097 | +258.1% |
| Deferred charges and accrued income | 490/1 | €4,109 | €4,520 | +€411 | +10.0% |
| Total equity and liabilities | 10/49 | €208,789 | €249,098 | +€40,309 | +19.3% |
| Equity | 10/15 | €126,893 | €101,765 | -€25,129 | -19.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €119,393 | €94,265 | -€25,129 | -21.0% |
| Distributable reserves | 133 | €119,393 | €94,265 | -€25,129 | -21.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €81,896 | €147,334 | +€65,438 | +79.9% |
| Amounts payable after more than one year | 17 | €32,963 | €22,705 | -€10,258 | -31.1% |
| Financial debts | 170/4 | €32,963 | €22,705 | -€10,258 | -31.1% |
| Amounts payable within one year | 42/48 | €48,933 | €124,628 | +€75,695 | +154.7% |
| Current portion of amounts payable after more than one year | 42 | €22,133 | €20,657 | -€1,476 | -6.7% |
| Financial debts | 43 | €80 | €83 | +€3 | +3.8% |
| Credit institutions | 430/8 | €80 | €0 | -€80 | -100.0% |
| Other loans | 439 | - | €83 | +€83 | |
| Trade debts | 44 | €16,788 | €32,241 | +€15,453 | +92.0% |
| Suppliers | 440/4 | €16,788 | €32,241 | +€15,453 | +92.0% |
| Taxes, remuneration and social security | 45 | €0 | €5,676 | +€5,676 | |
| Taxes | 450/3 | €0 | €5,676 | +€5,676 | |
| Other amounts payable | 47/48 | €9,932 | €65,971 | +€56,039 | +564.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €2,856 | +€2,856 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,871 | €25,824 | +€954 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€212 | -€212 | |
| Other operating charges | 640/8 | €1,653 | €2,362 | +€709 | +42.9% |
| Non-recurring operating charges | 66A | €1,696 | €730 | -€966 | -56.9% |
| Gross operating margin | 9900 | €50,224 | €111,059 | +€60,835 | +121.1% |
| Operating profit (loss) | 9901 | €22,005 | €79,499 | +€57,494 | +261.3% |
| Financial income | 75/76B | €197 | €17 | -€180 | -91.3% |
| Recurring financial income | 75 | €197 | €17 | -€180 | -91.3% |
| Financial charges | 65/66B | €6,752 | €4,968 | -€1,783 | -26.4% |
| Recurring financial charges | 65 | €6,752 | €4,968 | -€1,783 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €15,451 | €74,548 | +€59,097 | +382.5% |
| Income taxes | 67/77 | €4,568 | €19,676 | +€15,109 | +330.8% |
| Profit (loss) for the period | 9904 | €10,883 | €54,871 | +€43,988 | +404.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,883 | €54,871 | +€43,988 | +404.2% |
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 4 October 2026 via checked.be.