B & S: 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 & S
Largest movements
- Tangible fixed assets -€37,688
down €37,688 (-4.1%), from €925,396 to €887,708
of which Furniture and vehicles: -€20,259
- Provisions -€93,827
no longer reported in 2025 (was €93,827)
- Reserves +€72,903
up €72,903 (+39.5%), from €184,521 to €257,423
of which Distributable reserves: +€72,903
- Debts after one year -€29,645
down €29,645 (-85.6%), from €34,649 to €5,004
- Other debts +€29,178
up €29,178 (+43.4%), from €67,173 to €96,351
- Current portion of long-term debt -€21,867
down €21,867 (-42.5%), from €51,512 to €29,645
- Provisions -€93,827
new in 2025: -€93,827
- Taxes +€17,005
up €17,005 (+17004.8%), from €100 to €17,105
- Gross operating margin +€3,702
up €3,702 (+4.6%), from €80,164 to €83,866
- Other operating charges -€2,640
down €2,640 (-15.5%), from €17,029 to €14,389
- Depreciation -€1,908
down €1,908 (-2.7%), from €71,912 to €70,004
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 | €1,152,387 | €1,120,271 | -€32,116 | -2.8% |
| Fixed assets | 21/28 | €1,125,354 | €1,088,667 | -€36,688 | -3.3% |
| Tangible fixed assets | 22/27 | €925,396 | €887,708 | -€37,688 | -4.1% |
| Land and buildings | 22 | €667,031 | €651,451 | -€15,580 | -2.3% |
| Plant, machinery and equipment | 23 | €183,042 | €181,194 | -€1,848 | -1.0% |
| Furniture and vehicles | 24 | €71,823 | €51,564 | -€20,259 | -28.2% |
| Assets under construction and advance payments | 27 | €3,500 | €3,500 | = | 0.0% |
| Financial fixed assets | 28 | €199,958 | €200,958 | +€1,000 | +0.5% |
| Current assets | 29/58 | €27,033 | €31,605 | +€4,572 | +16.9% |
| Amounts receivable within one year | 40/41 | €24,164 | €29,777 | +€5,613 | +23.2% |
| Trade receivables | 40 | €17,999 | €27,904 | +€9,905 | +55.0% |
| Other amounts receivable | 41 | €6,165 | €1,873 | -€4,292 | -69.6% |
| Cash at bank and in hand | 54/58 | €1,251 | €0 | -€1,251 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,617 | €1,828 | +€211 | +13.0% |
| Total equity and liabilities | 10/49 | €1,152,387 | €1,120,271 | -€32,116 | -2.8% |
| Equity | 10/15 | €874,521 | €947,423 | +€72,903 | +8.3% |
| Contributions | 10/11 | €690,000 | €690,000 | = | 0.0% |
| Reserves | 13 | €184,521 | €257,423 | +€72,903 | +39.5% |
| Non-distributable reserves | 130/1 | €23,000 | €23,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,000 | €23,000 | = | 0.0% |
| Distributable reserves | 133 | €161,521 | €234,423 | +€72,903 | +45.1% |
| Provisions and deferred taxes | 16 | €93,827 | - | -€93,827 | |
| Provisions for liabilities and charges | 160/5 | €93,827 | - | -€93,827 | |
| Pensions and similar obligations | 160 | €93,827 | - | -€93,827 | |
| Amounts payable | 17/49 | €184,040 | €172,848 | -€11,191 | -6.1% |
| Amounts payable after more than one year | 17 | €34,649 | €5,004 | -€29,645 | -85.6% |
| Financial debts | 170/4 | €34,649 | €5,004 | -€29,645 | -85.6% |
| Amounts payable within one year | 42/48 | €137,568 | €155,651 | +€18,083 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €51,512 | €29,645 | -€21,867 | -42.5% |
| Financial debts | 43 | €3,468 | €4,565 | +€1,098 | +31.7% |
| Credit institutions | 430/8 | €3,468 | €4,565 | +€1,098 | +31.7% |
| Trade debts | 44 | €15,415 | €23,079 | +€7,664 | +49.7% |
| Suppliers | 440/4 | €15,415 | €23,079 | +€7,664 | +49.7% |
| Taxes, remuneration and social security | 45 | - | €2,010 | +€2,010 | |
| Taxes | 450/3 | - | €2,010 | +€2,010 | |
| Other amounts payable | 47/48 | €67,173 | €96,351 | +€29,178 | +43.4% |
| Accrued charges and deferred income | 492/3 | €11,822 | €12,194 | +€371 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,912 | €70,004 | -€1,908 | -2.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€93,827 | -€93,827 | |
| Other operating charges | 640/8 | €17,029 | €14,389 | -€2,640 | -15.5% |
| Gross operating margin | 9900 | €80,164 | €83,866 | +€3,702 | +4.6% |
| Operating profit (loss) | 9901 | -€8,778 | €93,299 | +€102,077 | |
| Financial income | 75/76B | €6 | €7 | +€1 | +15.7% |
| Recurring financial income | 75 | €6 | €7 | +€1 | +15.7% |
| Financial charges | 65/66B | €4,561 | €3,299 | -€1,261 | -27.7% |
| Recurring financial charges | 65 | €4,561 | €3,299 | -€1,261 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,332 | €90,007 | +€103,339 | |
| Income taxes | 67/77 | €100 | €17,105 | +€17,005 | +17004.8% |
| Profit (loss) for the period | 9904 | -€13,432 | €72,903 | +€86,335 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,432 | €72,903 | +€86,335 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.