B&O Associates: 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&O Associates
Largest movements
- Receivables within one year +€36,186
up €36,186 (+54.7%), from €66,145 to €102,331
of which Other amounts receivable: +€42,266
- Cash -€25,155
down €25,155 (-70.9%), from €35,480 to €10,324
mainly Receivables within one year (-€36,186) and Tax, wage and social debts (-€11,736)
- Tangible fixed assets -€1,983
down €1,983 (-34.1%), from €5,814 to €3,832
of which Furniture and vehicles: -€1,638
- Profit (loss) carried forward +€27,164
up €27,164 (+54.7%), from €49,697 to €76,861
- Tax, wage and social debts -€11,736
down €11,736 (-33.0%), from €35,513 to €23,776
of which Taxes: -€15,524
- Trade debts -€6,618
down €6,618 (-71.6%), from €9,245 to €2,627
- Gross operating margin +€39,130
up €39,130 (+414%), from €9,451 to €48,581
- Taxes +€6,985
up €6,985 (+226%), from €3,094 to €10,079
- Other operating charges +€5,923
up €5,923 (+264%), from €2,242 to €8,165
- Financial charges -€1,076
down €1,076 (-47.5%), from €2,268 to €1,192
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 | €108,934 | €117,744 | +€8,810 | +8.1% |
| Fixed assets | 21/28 | €5,814 | €3,832 | -€1,983 | -34.1% |
| Tangible fixed assets | 22/27 | €5,814 | €3,832 | -€1,983 | -34.1% |
| Furniture and vehicles | 24 | €4,025 | €2,388 | -€1,638 | -40.7% |
| Other tangible fixed assets | 26 | €1,789 | €1,444 | -€345 | -19.3% |
| Current assets | 29/58 | €103,120 | €113,913 | +€10,793 | +10.5% |
| Amounts receivable within one year | 40/41 | €66,145 | €102,331 | +€36,186 | +54.7% |
| Trade receivables | 40 | €36,206 | €30,126 | -€6,080 | -16.8% |
| Other amounts receivable | 41 | €29,939 | €72,205 | +€42,266 | +141% |
| Cash at bank and in hand | 54/58 | €35,480 | €10,324 | -€25,155 | -70.9% |
| Deferred charges and accrued income | 490/1 | €1,495 | €1,258 | -€238 | -15.9% |
| Total equity and liabilities | 10/49 | €108,934 | €117,744 | +€8,810 | +8.1% |
| Equity | 10/15 | €64,177 | €91,341 | +€27,164 | +42.3% |
| Contributions | 10/11 | €14,480 | €14,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,697 | €76,861 | +€27,164 | +54.7% |
| Amounts payable | 17/49 | €44,757 | €26,403 | -€18,354 | -41.0% |
| Amounts payable within one year | 42/48 | €44,757 | €26,403 | -€18,354 | -41.0% |
| Trade debts | 44 | €9,245 | €2,627 | -€6,618 | -71.6% |
| Suppliers | 440/4 | €9,245 | €2,627 | -€6,618 | -71.6% |
| Taxes, remuneration and social security | 45 | €35,513 | €23,776 | -€11,736 | -33.0% |
| Taxes | 450/3 | €35,449 | €19,925 | -€15,524 | -43.8% |
| Remuneration and social security | 454/9 | €64 | €3,851 | +€3,787 | +5,918% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,241 | €1,983 | -€259 | -11.5% |
| Other operating charges | 640/8 | €2,242 | €8,165 | +€5,923 | +264% |
| Gross operating margin | 9900 | €9,451 | €48,581 | +€39,130 | +414% |
| Operating profit (loss) | 9901 | €4,967 | €38,433 | +€33,466 | +674% |
| Financial income | 75/76B | €241 | €2 | -€239 | -99.2% |
| Recurring financial income | 75 | €241 | €2 | -€239 | -99.2% |
| Financial charges | 65/66B | €2,268 | €1,192 | -€1,076 | -47.5% |
| Recurring financial charges | 65 | €2,268 | €1,192 | -€1,076 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €2,941 | €37,244 | +€34,303 | +1,167% |
| Income taxes | 67/77 | €3,094 | €10,079 | +€6,985 | +226% |
| Profit (loss) for the period | 9904 | -€153 | €27,164 | +€27,318 | |
| Profit (loss) for the period to be appropriated | 9905 | -€153 | €27,164 | +€27,318 |
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 22 October 2026 via checked.be.