B&O Global Connections: what changed
B&O Global Connections
Largest movements
- Tangible fixed assets +€615,918
up €615,918 (+338%), from €182,202 to €798,120
- Deferred charges and accrued income +€89,172
new in 2025: €89,172
- Cash +€49,634
up €49,634 (+124%), from €39,888 to €89,522
mainly Contributions, distributions and other (+€615,918) and Trade debts (+€112,391)
- Revaluation surpluses +€615,918
new in 2025: €615,918
- Trade debts +€112,391
new in 2025: €112,391
- Other debts +€25,683
up €25,683 (+24.0%), from €107,009 to €132,692
- Accrued charges and deferred income +€21,932
new in 2025: €21,932
- Profit (loss) carried forward -€17,333
down €17,333, from €904 to -€16,429
- Gross operating margin -€15,137
down €15,137, from €4,943 to -€10,194
- Financial charges -€1,515
down €1,515 (-17.5%), from €8,655 to €7,139
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,089 | €981,814 | +€758,724 | +340% |
| Fixed assets | 21/28 | €182,202 | €798,120 | +€615,918 | +338% |
| Tangible fixed assets | 22/27 | €182,202 | €798,120 | +€615,918 | +338% |
| Land and buildings | 22 | €182,202 | €798,120 | +€615,918 | +338% |
| Current assets | 29/58 | €40,888 | €183,694 | +€142,806 | +349% |
| Amounts receivable within one year | 40/41 | €1,000 | €5,000 | +€4,000 | +400% |
| Other amounts receivable | 41 | €1,000 | €5,000 | +€4,000 | +400% |
| Cash at bank and in hand | 54/58 | €39,888 | €89,522 | +€49,634 | +124% |
| Deferred charges and accrued income | 490/1 | - | €89,172 | +€89,172 | |
| Total equity and liabilities | 10/49 | €223,089 | €981,814 | +€758,724 | +340% |
| Equity | 10/15 | €107,498 | €706,084 | +€598,585 | +557% |
| Contributions | 10/11 | €106,594 | €106,594 | = | 0.0% |
| Revaluation surpluses | 12 | - | €615,918 | +€615,918 | |
| Profit (loss) carried forward | 14 | €904 | -€16,429 | -€17,333 | |
| Amounts payable | 17/49 | €115,591 | €275,730 | +€160,139 | +139% |
| Amounts payable within one year | 42/48 | €115,591 | €253,798 | +€138,207 | +120% |
| Financial debts | 43 | €6,007 | €6,591 | +€583 | +9.7% |
| Credit institutions | 430/8 | - | €583 | +€583 | |
| Other loans | 439 | €6,007 | €6,007 | = | 0.0% |
| Trade debts | 44 | - | €112,391 | +€112,391 | |
| Suppliers | 440/4 | - | €112,391 | +€112,391 | |
| Taxes, remuneration and social security | 45 | €2,575 | €2,124 | -€451 | -17.5% |
| Taxes | 450/3 | €2,575 | €2,124 | -€451 | -17.5% |
| Other amounts payable | 47/48 | €107,009 | €132,692 | +€25,683 | +24.0% |
| Accrued charges and deferred income | 492/3 | - | €21,932 | +€21,932 | |
| Gross operating margin | 9900 | €4,943 | -€10,194 | -€15,137 | |
| Operating profit (loss) | 9901 | €4,943 | -€10,194 | -€15,137 | |
| Financial charges | 65/66B | €8,655 | €7,139 | -€1,515 | -17.5% |
| Recurring financial charges | 65 | €8,655 | €7,139 | -€1,515 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,712 | -€17,333 | -€13,621 | -367% |
| Profit (loss) for the period | 9904 | -€3,712 | -€17,333 | -€13,621 | -367% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,712 | -€17,333 | -€13,621 | -367% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.