B PARTNER: 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 PARTNER
Largest movements
- Cash +€1.3m
up €1.3m (+1966.7%), from €65,281 to €1.3m
mainly Debts after one year (+€1.9m) and Trade debts (+€335,337)
- Intangible fixed assets +€727,751
up €727,751 (+649.5%), from €112,056 to €839,807
- Receivables within one year +€251,357
up €251,357 (+514.4%), from €48,864 to €300,221
of which Trade receivables: +€193,889
- Stocks and contracts +€86,233
up €86,233 (+63.4%), from €135,972 to €222,205
of which Stocks: +€209,083
- Debts after one year +€1.9m
up €1.9m (+255.9%), from €760,000 to €2.7m
- Trade debts +€335,337
up €335,337 (+92.6%), from €362,196 to €697,533
- Profit (loss) carried forward +€38,718
up €38,718 (+5.1%), from -€765,594 to -€726,876
- Other debts +€35,054
new in 2025: €35,054
- Gross operating margin +€1.1m
up €1.1m, from -€738,848 to €358,762
- Financial charges +€181,179
up €181,179 (+50627.1%), from €358 to €181,537
- Depreciation +€99,676
up €99,676 (+566.1%), from €17,607 to €117,283
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 | €406,602 | €2,764,646 | +€2.4m | +579.9% |
| Fixed assets | 21/28 | €156,044 | €885,326 | +€729,282 | +467.4% |
| Intangible fixed assets | 21 | €112,056 | €839,807 | +€727,751 | +649.5% |
| Tangible fixed assets | 22/27 | €18,988 | €20,519 | +€1,531 | +8.1% |
| Plant, machinery and equipment | 23 | €18,988 | €20,519 | +€1,531 | +8.1% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €250,558 | €1,879,320 | +€1.6m | +650.1% |
| Stocks and contracts in progress | 3 | €135,972 | €222,205 | +€86,233 | +63.4% |
| Stocks | 30/36 | €13,122 | €222,205 | +€209,083 | +1593.4% |
| Contracts in progress | 37 | €122,850 | - | -€122,850 | |
| Amounts receivable within one year | 40/41 | €48,864 | €300,221 | +€251,357 | +514.4% |
| Trade receivables | 40 | €10,250 | €204,139 | +€193,889 | +1891.6% |
| Other amounts receivable | 41 | €38,614 | €96,082 | +€57,468 | +148.8% |
| Cash at bank and in hand | 54/58 | €65,281 | €1,349,144 | +€1.3m | +1966.7% |
| Deferred charges and accrued income | 490/1 | €441 | €7,750 | +€7,308 | +1655.8% |
| Total equity and liabilities | 10/49 | €406,602 | €2,764,646 | +€2.4m | +579.9% |
| Equity | 10/15 | -€715,594 | -€676,876 | +€38,718 | +5.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€765,594 | -€726,876 | +€38,718 | +5.1% |
| Amounts payable | 17/49 | €1,122,196 | €3,441,522 | +€2.3m | +206.7% |
| Amounts payable after more than one year | 17 | €760,000 | €2,704,692 | +€1.9m | +255.9% |
| Financial debts | 170/4 | €760,000 | €2,704,692 | +€1.9m | +255.9% |
| Amounts payable within one year | 42/48 | €362,196 | €736,830 | +€374,634 | +103.4% |
| Trade debts | 44 | €362,196 | €697,533 | +€335,337 | +92.6% |
| Suppliers | 440/4 | €362,196 | €697,533 | +€335,337 | +92.6% |
| Taxes, remuneration and social security | 45 | - | €4,243 | +€4,243 | |
| Taxes | 450/3 | - | €4,243 | +€4,243 | |
| Other amounts payable | 47/48 | - | €35,054 | +€35,054 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,607 | €117,283 | +€99,676 | +566.1% |
| Other operating charges | 640/8 | €2,372 | €1,290 | -€1,081 | -45.6% |
| Non-recurring operating charges | 66A | - | €27,309 | +€27,309 | |
| Gross operating margin | 9900 | -€738,848 | €358,762 | +€1.1m | |
| Operating profit (loss) | 9901 | -€758,826 | €212,879 | +€971,706 | |
| Financial income | 75/76B | - | €7,376 | +€7,376 | |
| Recurring financial income | 75 | - | €7,376 | +€7,376 | |
| Financial charges | 65/66B | €358 | €181,537 | +€181,179 | +50627.1% |
| Recurring financial charges | 65 | €358 | €181,537 | +€181,179 | +50627.1% |
| Profit (loss) for the period before taxes | 9903 | -€759,184 | €38,718 | +€797,902 | |
| Profit (loss) for the period | 9904 | -€759,184 | €38,718 | +€797,902 | |
| Profit (loss) for the period to be appropriated | 9905 | -€759,184 | €38,718 | +€797,902 |
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 2 October 2026 via checked.be.