B positive: 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 positive
Largest movements
- Cash -€36,782
down €36,782 (-48.1%), from €76,414 to €39,632
mainly Contributions, distributions and other (-€94,081) and Other debts (-€24,200)
- Receivables within one year -€30,841
down €30,841 (-51.8%), from €59,519 to €28,678
of which Trade receivables: -€25,247
- Tangible fixed assets -€7,865
down €7,865 (-14.1%), from €55,659 to €47,794
of which Land and buildings: -€6,661
- Other debts -€24,200
down €24,200 (-79.2%), from €30,548 to €6,348
- Reserves -€23,063
down €23,063 (-24.5%), from €94,081 to €71,018
- Trade debts -€16,451
down €16,451 (-94.5%), from €17,410 to €959
- Tax, wage and social debts -€8,646
down €8,646 (-90.3%), from €9,579 to €933
- Accrued charges and deferred income -€2,345
down €2,345 (-5.8%), from €40,677 to €38,332
- Gross operating margin -€3,261
down €3,261 (-3.2%), from €100,416 to €97,155
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 | €192,895 | €118,190 | -€74,705 | -38.7% |
| Fixed assets | 21/28 | €55,659 | €47,794 | -€7,865 | -14.1% |
| Tangible fixed assets | 22/27 | €55,659 | €47,794 | -€7,865 | -14.1% |
| Land and buildings | 22 | €50,051 | €43,390 | -€6,661 | -13.3% |
| Plant, machinery and equipment | 23 | €3,466 | €2,670 | -€796 | -23.0% |
| Furniture and vehicles | 24 | €2,142 | €1,735 | -€408 | -19.0% |
| Current assets | 29/58 | €137,236 | €70,396 | -€66,840 | -48.7% |
| Amounts receivable within one year | 40/41 | €59,519 | €28,678 | -€30,841 | -51.8% |
| Trade receivables | 40 | €50,592 | €25,344 | -€25,247 | -49.9% |
| Other amounts receivable | 41 | €8,927 | €3,334 | -€5,593 | -62.7% |
| Cash at bank and in hand | 54/58 | €76,414 | €39,632 | -€36,782 | -48.1% |
| Deferred charges and accrued income | 490/1 | €1,303 | €2,085 | +€782 | +60.1% |
| Total equity and liabilities | 10/49 | €192,895 | €118,190 | -€74,705 | -38.7% |
| Equity | 10/15 | €94,681 | €71,618 | -€23,063 | -24.4% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €94,081 | €71,018 | -€23,063 | -24.5% |
| Distributable reserves | 133 | €94,081 | €71,018 | -€23,063 | -24.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €98,214 | €46,572 | -€51,642 | -52.6% |
| Amounts payable within one year | 42/48 | €57,536 | €8,239 | -€49,297 | -85.7% |
| Trade debts | 44 | €17,410 | €959 | -€16,451 | -94.5% |
| Suppliers | 440/4 | €17,410 | €959 | -€16,451 | -94.5% |
| Taxes, remuneration and social security | 45 | €9,579 | €933 | -€8,646 | -90.3% |
| Taxes | 450/3 | €9,579 | €933 | -€8,646 | -90.3% |
| Other amounts payable | 47/48 | €30,548 | €6,348 | -€24,200 | -79.2% |
| Accrued charges and deferred income | 492/3 | €40,677 | €38,332 | -€2,345 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,967 | €7,865 | +€898 | +12.9% |
| Other operating charges | 640/8 | €948 | €520 | -€428 | -45.2% |
| Gross operating margin | 9900 | €100,416 | €97,155 | -€3,261 | -3.2% |
| Operating profit (loss) | 9901 | €92,501 | €88,770 | -€3,731 | -4.0% |
| Financial income | 75/76B | €124 | €994 | +€870 | +703.5% |
| Recurring financial income | 75 | €124 | €994 | +€870 | +703.5% |
| Financial charges | 65/66B | €100 | €79 | -€21 | -21.1% |
| Recurring financial charges | 65 | €100 | €79 | -€21 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €92,525 | €89,685 | -€2,840 | -3.1% |
| Income taxes | 67/77 | €18,867 | €18,666 | -€201 | -1.1% |
| Profit (loss) for the period | 9904 | €73,658 | €71,018 | -€2,639 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,658 | €71,018 | -€2,639 | -3.6% |
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 5 October 2026 via checked.be.