B & S: 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.
What changed
B & S
NACE 70.200, Business and other management consultancy
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
-€88,713
31-12-2024 · -€132,261+€43,547
Equity
€2.3m
31-12-2024 · €2.4m-€88,713
Cash
€13,922
31-12-2024 · €13,766+€156
Balance sheet total
€3.0m
31-12-2024 · €3.5m-€500,545
Largest movements
Assets
- Current investments -€401,298
down €401,298 (-100%), from €401,298 to €0
- Tangible fixed assets -€133,680
down €133,680 (-5.7%), from €2.3m to €2.2m
of which Land and buildings: -€128,886
Equity and liabilities
- Short-term financial debts -€400,000
down €400,000 (-80.0%), from €500,000 to €100,000
- Debts after one year -€114,583
down €114,583 (-100%), from €114,583 to €0
- Current portion of long-term debt +€114,583
up €114,583, from €0 to €114,583
- Profit (loss) carried forward -€59,008
down €59,008, from €26,539 to -€32,468
Income statement
- Other operating income +€58,138
up €58,138 (+239%), from €24,311 to €82,449
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
-€132,261
Other operating income
+€58,138
Services and other goods
-€8,457
Depreciation
-€33,345
Other operating charges
-€2,312
Other operating items
-€11,396
Financial income
+€34,168
Financial charges
+€4,303
Taxes
-€27
Deferred taxes and other
+€2,475
Result 31-12-2025
-€88,713
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1,142
Investment
+€401,298
Financing
-€400,000
Cash 31-12-2024
€13,766
From operations (derived)
-€1,142
Net result for the year
-€88,713
Depreciation
+€133,680
Receivables within one year
-€33,932
Deferred charges and accrued income
-€347
Provisions
-€9,902
Trade debts
-€23,678
Tax, wage and social debts
-€3,407
Other debts
+€25,156
Investment (derived)
+€401,298
Current investments
+€401,298
Financing
-€400,000
Debts after one year
-€114,583
Current portion of long-term debt
+€114,583
Short-term financial debts
-€400,000
Cash 31-12-2025
€13,922
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,535,609 | €3,035,064 | -€500,545 | -14.2% |
| Fixed assets | 21/28 | €2,342,030 | €2,208,350 | -€133,680 | -5.7% |
| Tangible fixed assets | 22/27 | €2,342,030 | €2,208,350 | -€133,680 | -5.7% |
| Land and buildings | 22 | €2,315,611 | €2,186,725 | -€128,886 | -5.6% |
| Plant, machinery and equipment | 23 | €26,419 | €21,624 | -€4,795 | -18.1% |
| Current assets | 29/58 | €1,193,579 | €826,714 | -€366,864 | -30.7% |
| Amounts receivable after more than one year | 29 | €665,000 | €665,000 | = | 0.0% |
| Other amounts receivable | 291 | €665,000 | €665,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €106,295 | €140,226 | +€33,932 | +31.9% |
| Trade receivables | 40 | €11,532 | €10,696 | -€836 | -7.2% |
| Other amounts receivable | 41 | €94,763 | €129,530 | +€34,767 | +36.7% |
| Current investments | 50/53 | €401,298 | €0 | -€401,298 | -100% |
| Other investments | 51/53 | €401,298 | €0 | -€401,298 | -100% |
| Cash at bank and in hand | 54/58 | €13,766 | €13,922 | +€156 | +1.1% |
| Deferred charges and accrued income | 490/1 | €7,220 | €7,566 | +€347 | +4.8% |
| Total equity and liabilities | 10/49 | €3,535,609 | €3,035,064 | -€500,545 | -14.2% |
| Equity | 10/15 | €2,393,841 | €2,305,128 | -€88,713 | -3.7% |
| Contributions | 10/11 | €1,890,776 | €1,890,776 | = | 0.0% |
| Capital | 10 | €1,890,776 | €1,890,776 | = | 0.0% |
| Issued capital | 100 | €1,890,776 | €1,890,776 | = | 0.0% |
| Reserves | 13 | €476,526 | €446,820 | -€29,706 | -6.2% |
| Non-distributable reserves | 130/1 | €83,439 | €83,439 | = | 0.0% |
| Legal reserve | 130 | €83,439 | €83,439 | = | 0.0% |
| Tax-exempt reserves | 132 | €343,087 | €313,381 | -€29,706 | -8.7% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,539 | -€32,468 | -€59,008 | |
| Provisions and deferred taxes | 16 | €313,747 | €303,845 | -€9,902 | -3.2% |
| Provisions for liabilities and charges | 160/5 | €122,829 | €122,829 | = | 0.0% |
| Pensions and similar obligations | 160 | €122,829 | €122,829 | = | 0.0% |
| Deferred taxes | 168 | €190,918 | €181,016 | -€9,902 | -5.2% |
| Amounts payable | 17/49 | €828,021 | €426,091 | -€401,930 | -48.5% |
| Amounts payable after more than one year | 17 | €114,583 | €0 | -€114,583 | -100% |
| Financial debts | 170/4 | €114,583 | €0 | -€114,583 | -100% |
| Subordinated loans | 170 | €114,583 | €0 | -€114,583 | -100% |
| Amounts payable within one year | 42/48 | €713,438 | €426,091 | -€287,346 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €114,583 | +€114,583 | |
| Financial debts | 43 | €500,000 | €100,000 | -€400,000 | -80.0% |
| Credit institutions | 430/8 | €500,000 | €100,000 | -€400,000 | -80.0% |
| Trade debts | 44 | €187,630 | €163,952 | -€23,678 | -12.6% |
| Suppliers | 440/4 | €187,630 | €163,952 | -€23,678 | -12.6% |
| Taxes, remuneration and social security | 45 | €4,383 | €976 | -€3,407 | -77.7% |
| Taxes | 450/3 | €4,383 | €976 | -€3,407 | -77.7% |
| Other amounts payable | 47/48 | €21,424 | €46,580 | +€25,156 | +117% |
| Operating income | 70/76A | €34,311 | €82,449 | +€48,138 | +140% |
| Turnover | 70 | €0 | - | = | |
| Other operating income | 74 | €24,311 | €82,449 | +€58,138 | +239% |
| Non-recurring operating income | 76A | €10,000 | €0 | -€10,000 | -100% |
| Operating charges | 60/66A | €161,691 | €207,201 | +€45,510 | +28.1% |
| Services and other goods | 61 | €47,971 | €56,428 | +€8,457 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,336 | €133,680 | +€33,345 | +33.2% |
| Other operating charges | 640/8 | €13,384 | €15,696 | +€2,312 | +17.3% |
| Non-recurring operating charges | 66A | - | €1,396 | +€1,396 | |
| Operating profit (loss) | 9901 | -€127,380 | -€124,753 | +€2,628 | +2.1% |
| Financial income | 75/76B | €17,050 | €51,218 | +€34,168 | +200% |
| Recurring financial income | 75 | €17,050 | €51,218 | +€34,168 | +200% |
| Income from current assets | 751 | €17,050 | €51,218 | +€34,168 | +200% |
| Financial charges | 65/66B | €29,154 | €24,851 | -€4,303 | -14.8% |
| Recurring financial charges | 65 | €29,154 | €24,851 | -€4,303 | -14.8% |
| Debt charges | 650 | €28,338 | €23,584 | -€4,754 | -16.8% |
| Other financial charges | 652/9 | €816 | €1,267 | +€451 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | -€139,484 | -€98,385 | +€41,099 | +29.5% |
| Transfer from deferred taxes | 780 | €7,426 | €9,902 | +€2,475 | +33.3% |
| Income taxes | 67/77 | €203 | €230 | +€27 | +13.5% |
| Taxes | 670/3 | €203 | €232 | +€29 | +14.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€132,261 | -€88,713 | +€43,547 | +32.9% |
| Transfer from tax-exempt reserves | 789 | €22,279 | €29,706 | +€7,426 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,981 | -€59,008 | +€50,974 | +46.3% |
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 27 October 2026 via checked.be.