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.
B & S
Largest movements
- Tangible fixed assets +€67,756
up €67,756 (+358%), from €18,923 to €86,680
of which Furniture and vehicles: +€68,191
- Receivables within one year -€43,536
down €43,536 (-73.0%), from €59,634 to €16,097
of which Other amounts receivable: -€44,892
- Cash +€4,747
up €4,747 (+29.5%), from €16,091 to €20,838
mainly Receivables within one year (+€43,536) and Other debts (+€28,268)
- Current investments +€4,015
up €4,015 (+9,434%), from €43 to €4,058
- Other debts +€28,268
new in 2025: €28,268
- Reserves +€14,737
up €14,737 (+18.5%), from €79,607 to €94,345
- Current portion of long-term debt -€5,525
no longer reported in 2025 (was €5,525)
- Tax, wage and social debts -€4,154
down €4,154 (-50.3%), from €8,252 to €4,098
- Gross operating margin +€18,132
up €18,132 (+44.4%), from €40,802 to €58,934
- Depreciation +€12,944
up €12,944 (+128%), from €10,144 to €23,088
- Write-downs -€4,301
no longer reported in 2025 (was €4,301)
- Financial income -€1,968
down €1,968 (-88.8%), from €2,215 to €247
- Taxes +€1,644
up €1,644 (+18.8%), from €8,736 to €10,381
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.
Derived cash bridge
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 | €100,746 | €133,593 | +€32,847 | +32.6% |
| Fixed assets | 21/28 | €18,923 | €86,680 | +€67,756 | +358% |
| Tangible fixed assets | 22/27 | €18,923 | €86,680 | +€67,756 | +358% |
| Land and buildings | 22 | €3,722 | €3,722 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,385 | €2,057 | +€672 | +48.5% |
| Furniture and vehicles | 24 | €9,697 | €77,888 | +€68,191 | +703% |
| Other tangible fixed assets | 26 | €4,120 | €3,013 | -€1,107 | -26.9% |
| Current assets | 29/58 | €81,823 | €46,914 | -€34,909 | -42.7% |
| Stocks and contracts in progress | 3 | €5,632 | €5,817 | +€186 | +3.3% |
| Stocks | 30/36 | €5,632 | €5,817 | +€186 | +3.3% |
| Amounts receivable within one year | 40/41 | €59,634 | €16,097 | -€43,536 | -73.0% |
| Trade receivables | 40 | €13,712 | €15,068 | +€1,356 | +9.9% |
| Other amounts receivable | 41 | €45,922 | €1,029 | -€44,892 | -97.8% |
| Current investments | 50/53 | €43 | €4,058 | +€4,015 | +9,434% |
| Cash at bank and in hand | 54/58 | €16,091 | €20,838 | +€4,747 | +29.5% |
| Deferred charges and accrued income | 490/1 | €424 | €103 | -€321 | -75.7% |
| Total equity and liabilities | 10/49 | €100,746 | €133,593 | +€32,847 | +32.6% |
| Equity | 10/15 | €85,807 | €100,545 | +€14,737 | +17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,607 | €94,345 | +€14,737 | +18.5% |
| Distributable reserves | 133 | €79,607 | €94,345 | +€14,737 | +18.5% |
| Amounts payable | 17/49 | €14,939 | €33,049 | +€18,110 | +121% |
| Amounts payable within one year | 42/48 | €14,939 | €33,049 | +€18,110 | +121% |
| Current portion of amounts payable after more than one year | 42 | €5,525 | - | -€5,525 | |
| Trade debts | 44 | €1,162 | €682 | -€480 | -41.3% |
| Suppliers | 440/4 | €1,162 | €682 | -€480 | -41.3% |
| Taxes, remuneration and social security | 45 | €8,252 | €4,098 | -€4,154 | -50.3% |
| Taxes | 450/3 | €8,252 | €4,098 | -€4,154 | -50.3% |
| Other amounts payable | 47/48 | - | €28,268 | +€28,268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,144 | €23,088 | +€12,944 | +128% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,301 | - | -€4,301 | |
| Other operating charges | 640/8 | €682 | €810 | +€128 | +18.7% |
| Gross operating margin | 9900 | €40,802 | €58,934 | +€18,132 | +44.4% |
| Operating profit (loss) | 9901 | €25,675 | €35,036 | +€9,361 | +36.5% |
| Financial income | 75/76B | €2,215 | €247 | -€1,968 | -88.8% |
| Recurring financial income | 75 | €2,215 | €247 | -€1,968 | -88.8% |
| Financial charges | 65/66B | €230 | €165 | -€65 | -28.2% |
| Recurring financial charges | 65 | €230 | €165 | -€65 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €27,660 | €35,118 | +€7,458 | +27.0% |
| Income taxes | 67/77 | €8,736 | €10,381 | +€1,644 | +18.8% |
| Profit (loss) for the period | 9904 | €18,924 | €24,737 | +€5,813 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,924 | €24,737 | +€5,813 | +30.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.