B.S.B.: 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.B.
Largest movements
- Tangible fixed assets +€204,985
up €204,985 (+439%), from €46,671 to €251,656
of which Land and buildings: +€208,843
- Cash -€25,234
down €25,234 (-61.1%), from €41,318 to €16,084
mainly Investment in fixed assets (net) (-€220,587) and Provisions (-€1,461)
- Receivables within one year -€18,603
down €18,603 (-31.8%), from €58,417 to €39,814
of which Trade receivables: -€12,813
- Debts after one year +€100,000
new in 2025: €100,000
- Other debts +€30,856
up €30,856 (+4.0%), from €763,775 to €794,631
- Trade debts +€21,165
up €21,165 (+30.0%), from €70,485 to €91,650
- Gross operating margin -€14,413
down €14,413 (-32.8%), from €43,967 to €29,554
- Depreciation +€7,808
up €7,808 (+100%), from €7,795 to €15,602
- Financial charges +€5,762
up €5,762 (+57,624,400%), from €0 to €5,762
- Taxes -€732
down €732 (-18.5%), from €3,950 to €3,218
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 | €1,220,136 | €1,381,632 | +€161,496 | +13.2% |
| Fixed assets | 21/28 | €1,044,171 | €1,249,156 | +€204,985 | +19.6% |
| Tangible fixed assets | 22/27 | €46,671 | €251,656 | +€204,985 | +439% |
| Land and buildings | 22 | €34,500 | €243,343 | +€208,843 | +605% |
| Plant, machinery and equipment | 23 | €10,448 | €7,164 | -€3,284 | -31.4% |
| Furniture and vehicles | 24 | €1,723 | €1,149 | -€574 | -33.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €997,500 | €997,500 | = | 0.0% |
| Current assets | 29/58 | €175,965 | €132,476 | -€43,489 | -24.7% |
| Stocks and contracts in progress | 3 | €76,230 | €76,230 | = | 0.0% |
| Stocks | 30/36 | €76,230 | €76,230 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,417 | €39,814 | -€18,603 | -31.8% |
| Trade receivables | 40 | €52,627 | €39,814 | -€12,813 | -24.3% |
| Other amounts receivable | 41 | €5,790 | - | -€5,790 | |
| Cash at bank and in hand | 54/58 | €41,318 | €16,084 | -€25,234 | -61.1% |
| Deferred charges and accrued income | 490/1 | - | €348 | +€348 | |
| Total equity and liabilities | 10/49 | €1,220,136 | €1,381,632 | +€161,496 | +13.2% |
| Equity | 10/15 | €348,803 | €352,776 | +€3,973 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €324,289 | €334,176 | +€9,887 | +3.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €133,140 | €127,296 | -€5,845 | -4.4% |
| Distributable reserves | 133 | €189,289 | €205,021 | +€15,732 | +8.3% |
| Profit (loss) carried forward | 14 | €5,914 | - | -€5,914 | |
| Provisions and deferred taxes | 16 | €30,423 | €28,962 | -€1,461 | -4.8% |
| Deferred taxes | 168 | €30,423 | €28,962 | -€1,461 | -4.8% |
| Amounts payable | 17/49 | €840,910 | €999,894 | +€158,984 | +18.9% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Financial debts | 170/4 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €840,910 | €899,894 | +€58,984 | +7.0% |
| Trade debts | 44 | €70,485 | €91,650 | +€21,165 | +30.0% |
| Suppliers | 440/4 | €70,485 | €91,650 | +€21,165 | +30.0% |
| Taxes, remuneration and social security | 45 | €6,650 | €13,613 | +€6,963 | +105% |
| Taxes | 450/3 | €4,250 | €13,613 | +€9,363 | +220% |
| Remuneration and social security | 454/9 | €2,400 | - | -€2,400 | |
| Other amounts payable | 47/48 | €763,775 | €794,631 | +€30,856 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,795 | €15,602 | +€7,808 | +100% |
| Other operating charges | 640/8 | €2,307 | €2,593 | +€285 | +12.4% |
| Gross operating margin | 9900 | €43,967 | €29,554 | -€14,413 | -32.8% |
| Operating profit (loss) | 9901 | €33,865 | €11,359 | -€22,506 | -66.5% |
| Financial income | 75/76B | - | €133 | +€133 | |
| Recurring financial income | 75 | - | €133 | +€133 | |
| Financial charges | 65/66B | €0 | €5,762 | +€5,762 | +57,624,400% |
| Recurring financial charges | 65 | €0 | €5,762 | +€5,762 | +57,624,400% |
| Profit (loss) for the period before taxes | 9903 | €33,865 | €5,730 | -€28,135 | -83.1% |
| Transfer from deferred taxes | 780 | - | €1,461 | +€1,461 | |
| Transfer to deferred taxes | 680 | €6,000 | - | -€6,000 | |
| Income taxes | 67/77 | €3,950 | €3,218 | -€732 | -18.5% |
| Profit (loss) for the period | 9904 | €23,914 | €3,973 | -€19,942 | -83.4% |
| Transfer from tax-exempt reserves | 789 | - | €5,845 | +€5,845 | |
| Transfer to tax-exempt reserves | 689 | €18,000 | - | -€18,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,914 | €9,817 | +€3,903 | +66.0% |
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 27 October 2026 via checked.be.