B & S HOLDING: 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 HOLDING
Largest movements
- Tangible fixed assets -€194,365
down €194,365 (-10.3%), from €1.9m to €1.7m
of which Land and buildings: -€166,692
- Reserves +€546,451
new in 2025: €546,451
of which Distributable reserves: +€540,251
- Contributions -€468,000
down €468,000 (-88.3%), from €530,000 to €62,000
- Other debts -€375,402
down €375,402 (-25.6%), from €1.5m to €1.1m
- Profit (loss) carried forward +€101,409
up €101,409, from -€101,409 to €0
- Depreciation +€155,244
up €155,244 (+426%), from €36,403 to €191,647
- Gross operating margin -€30,379
down €30,379, from €28,602 to -€1,777
- Financial charges -€24,734
down €24,734 (-56.5%), from €43,756 to €19,022
of which Financial charges: -€42,969
- Other operating charges +€2,737
up €2,737 (+60.8%), from €4,500 to €7,237
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 | €1,902,112 | €1,704,885 | -€197,227 | -10.4% |
| Fixed assets | 21/28 | €1,892,479 | €1,698,114 | -€194,365 | -10.3% |
| Tangible fixed assets | 22/27 | €1,892,479 | €1,698,114 | -€194,365 | -10.3% |
| Land and buildings | 22 | €1,829,277 | €1,662,585 | -€166,692 | -9.1% |
| Plant, machinery and equipment | 23 | €11,002 | €9,429 | -€1,573 | -14.3% |
| Furniture and vehicles | 24 | €52,200 | €26,100 | -€26,100 | -50.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €9,633 | €6,771 | -€2,863 | -29.7% |
| Amounts receivable within one year | 40/41 | €1,972 | €2,217 | +€245 | +12.4% |
| Trade receivables | 40 | €1,972 | €2,217 | +€245 | +12.4% |
| Cash at bank and in hand | 54/58 | €4,682 | €3,189 | -€1,493 | -31.9% |
| Deferred charges and accrued income | 490/1 | €2,980 | €1,365 | -€1,614 | -54.2% |
| Total equity and liabilities | 10/49 | €1,902,112 | €1,704,885 | -€197,227 | -10.4% |
| Equity | 10/15 | €428,591 | €608,451 | +€179,860 | +42.0% |
| Contributions | 10/11 | €530,000 | €62,000 | -€468,000 | -88.3% |
| Capital | 10 | €530,000 | €62,000 | -€468,000 | -88.3% |
| Issued capital | 100 | €530,000 | €62,000 | -€468,000 | -88.3% |
| Reserves | 13 | - | €546,451 | +€546,451 | |
| Non-distributable reserves | 130/1 | - | €6,200 | +€6,200 | |
| Legal reserve | 130 | - | €6,200 | +€6,200 | |
| Distributable reserves | 133 | - | €540,251 | +€540,251 | |
| Profit (loss) carried forward | 14 | -€101,409 | €0 | +€101,409 | |
| Amounts payable | 17/49 | €1,473,521 | €1,096,434 | -€377,087 | -25.6% |
| Amounts payable within one year | 42/48 | €1,473,300 | €1,095,918 | -€377,382 | -25.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,838 | €2,601 | -€2,237 | -46.2% |
| Suppliers | 440/4 | €4,838 | €2,601 | -€2,237 | -46.2% |
| Taxes, remuneration and social security | 45 | €344 | €601 | +€256 | +74.4% |
| Taxes | 450/3 | €344 | €601 | +€256 | +74.4% |
| Other amounts payable | 47/48 | €1,468,118 | €1,092,716 | -€375,402 | -25.6% |
| Accrued charges and deferred income | 492/3 | €221 | €516 | +€295 | +134% |
| Non-recurring operating income | 76A | €0 | €2,548 | +€2,548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,403 | €191,647 | +€155,244 | +426% |
| Other operating charges | 640/8 | €4,500 | €7,237 | +€2,737 | +60.8% |
| Gross operating margin | 9900 | €28,602 | -€1,777 | -€30,379 | |
| Operating profit (loss) | 9901 | -€12,301 | -€200,660 | -€188,360 | -1,531% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €43,756 | €19,022 | -€24,734 | -56.5% |
| Recurring financial charges | 65 | €43,756 | €787 | -€42,969 | -98.2% |
| Non-recurring financial charges | 66B | - | €18,235 | +€18,235 | |
| Profit (loss) for the period before taxes | 9903 | -€56,057 | -€219,683 | -€163,626 | -292% |
| Income taxes | 67/77 | €344 | €256 | -€88 | -25.6% |
| Profit (loss) for the period | 9904 | -€56,401 | -€219,939 | -€163,538 | -290% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,401 | -€219,939 | -€163,538 | -290% |
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 14 October 2026 via checked.be.