B-Project: 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-Project
Largest movements
- Cash +€17,889
up €17,889 (+105.2%), from €16,998 to €34,887
mainly Tax, wage and social debts (+€15,076) and Net result for the year (+€13,820)
- Tangible fixed assets -€4,826
down €4,826 (-19.4%), from €24,903 to €20,077
of which Furniture and vehicles: -€9,967
- Receivables within one year +€2,482
up €2,482 (+26.2%), from €9,457 to €11,939
of which Trade receivables: +€1,452
- Trade debts -€27,973
down €27,973 (-89.1%), from €31,381 to €3,408
- Tax, wage and social debts +€15,076
up €15,076 (+146.1%), from €10,322 to €25,397
- Reserves +€13,820
up €13,820 (+160.2%), from €8,629 to €22,449
- Debts after one year +€8,542
new in 2025: €8,542
- Current portion of long-term debt +€6,574
new in 2025: €6,574
- Gross operating margin +€17,139
up €17,139 (+95.1%), from €18,027 to €35,166
- Depreciation +€5,333
up €5,333 (+106.7%), from €4,997 to €10,330
- Taxes +€5,068
up €5,068 (+115.2%), from €4,401 to €9,470
- Other operating charges +€964
new in 2025: €964
- Financial charges +€583
new in 2025: €583
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 | €51,758 | €67,371 | +€15,613 | +30.2% |
| Fixed assets | 21/28 | €24,903 | €20,077 | -€4,826 | -19.4% |
| Tangible fixed assets | 22/27 | €24,903 | €20,077 | -€4,826 | -19.4% |
| Land and buildings | 22 | - | €5,141 | +€5,141 | |
| Furniture and vehicles | 24 | €24,903 | €14,936 | -€9,967 | -40.0% |
| Current assets | 29/58 | €26,855 | €47,294 | +€20,439 | +76.1% |
| Amounts receivable within one year | 40/41 | €9,457 | €11,939 | +€2,482 | +26.2% |
| Trade receivables | 40 | €9,438 | €10,890 | +€1,452 | +15.4% |
| Other amounts receivable | 41 | €19 | €1,049 | +€1,030 | +5515.1% |
| Cash at bank and in hand | 54/58 | €16,998 | €34,887 | +€17,889 | +105.2% |
| Deferred charges and accrued income | 490/1 | €400 | €468 | +€68 | +17.0% |
| Total equity and liabilities | 10/49 | €51,758 | €67,371 | +€15,613 | +30.2% |
| Equity | 10/15 | €9,629 | €23,449 | +€13,820 | +143.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €8,629 | €22,449 | +€13,820 | +160.2% |
| Distributable reserves | 133 | €8,629 | €22,449 | +€13,820 | +160.2% |
| Amounts payable | 17/49 | €42,129 | €43,922 | +€1,793 | +4.3% |
| Amounts payable after more than one year | 17 | - | €8,542 | +€8,542 | |
| Financial debts | 170/4 | - | €8,542 | +€8,542 | |
| Amounts payable within one year | 42/48 | €42,129 | €35,380 | -€6,749 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,574 | +€6,574 | |
| Trade debts | 44 | €31,381 | €3,408 | -€27,973 | -89.1% |
| Suppliers | 440/4 | €31,381 | €3,408 | -€27,973 | -89.1% |
| Taxes, remuneration and social security | 45 | €10,322 | €25,397 | +€15,076 | +146.1% |
| Taxes | 450/3 | €10,322 | €25,397 | +€15,076 | +146.1% |
| Other amounts payable | 47/48 | €425 | - | -€425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,997 | €10,330 | +€5,333 | +106.7% |
| Other operating charges | 640/8 | - | €964 | +€964 | |
| Gross operating margin | 9900 | €18,027 | €35,166 | +€17,139 | +95.1% |
| Operating profit (loss) | 9901 | €13,030 | €23,873 | +€10,842 | +83.2% |
| Financial charges | 65/66B | - | €583 | +€583 | |
| Recurring financial charges | 65 | - | €583 | +€583 | |
| Profit (loss) for the period before taxes | 9903 | €13,030 | €23,290 | +€10,260 | +78.7% |
| Income taxes | 67/77 | €4,401 | €9,470 | +€5,068 | +115.2% |
| Profit (loss) for the period | 9904 | €8,629 | €13,820 | +€5,191 | +60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,629 | €13,820 | +€5,191 | +60.2% |
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 11 October 2026 via checked.be.