B.S.O.: 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.O.
Largest movements
- Cash +€20,280
up €20,280 (+62.8%), from €32,298 to €52,578
mainly Depreciation (+€15,837) and Net result for the year (+€14,573)
- Tangible fixed assets -€15,837
down €15,837 (-39.4%), from €40,233 to €24,396
of which Furniture and vehicles: -€15,317
- Reserves +€10,000
up €10,000 (+56.6%), from €17,668 to €27,668
of which Distributable reserves: +€10,000
- Other debts -€8,409
down €8,409 (-38.5%), from €21,870 to €13,460
- Profit (loss) carried forward +€4,573
up €4,573 (+63.8%), from €7,171 to €11,744
- Debts after one year -€4,053
down €4,053 (-59.2%), from €6,851 to €2,797
- Tax, wage and social debts +€1,784
up €1,784 (+55.0%), from €3,244 to €5,028
- Gross operating margin +€13,932
up €13,932 (+50.9%), from €27,377 to €41,309
- Taxes +€8,590
up €8,590 (+858.4%), from €1,001 to €9,591
- Depreciation +€7,389
up €7,389 (+87.5%), from €8,448 to €15,837
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 | €81,567 | €85,650 | +€4,083 | +5.0% |
| Fixed assets | 21/28 | €40,307 | €24,471 | -€15,837 | -39.3% |
| Tangible fixed assets | 22/27 | €40,233 | €24,396 | -€15,837 | -39.4% |
| Furniture and vehicles | 24 | €38,398 | €23,081 | -€15,317 | -39.9% |
| Other tangible fixed assets | 26 | €1,835 | €1,315 | -€520 | -28.3% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €41,259 | €61,179 | +€19,920 | +48.3% |
| Amounts receivable within one year | 40/41 | €6,813 | €6,925 | +€112 | +1.6% |
| Trade receivables | 40 | €6,813 | €6,925 | +€112 | +1.6% |
| Cash at bank and in hand | 54/58 | €32,298 | €52,578 | +€20,280 | +62.8% |
| Deferred charges and accrued income | 490/1 | €2,149 | €1,676 | -€473 | -22.0% |
| Total equity and liabilities | 10/49 | €81,567 | €85,650 | +€4,083 | +5.0% |
| Equity | 10/15 | €43,439 | €58,012 | +€14,573 | +33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,668 | €27,668 | +€10,000 | +56.6% |
| Non-distributable reserves | 130/1 | €3,668 | €3,668 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,668 | €3,668 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €7,171 | €11,744 | +€4,573 | +63.8% |
| Amounts payable | 17/49 | €38,128 | €27,638 | -€10,490 | -27.5% |
| Amounts payable after more than one year | 17 | €6,851 | €2,797 | -€4,053 | -59.2% |
| Financial debts | 170/4 | €6,851 | €2,797 | -€4,053 | -59.2% |
| Amounts payable within one year | 42/48 | €31,250 | €24,750 | -€6,500 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €3,889 | €4,053 | +€165 | +4.2% |
| Trade debts | 44 | €2,248 | €2,209 | -€39 | -1.7% |
| Suppliers | 440/4 | €2,248 | €2,209 | -€39 | -1.7% |
| Taxes, remuneration and social security | 45 | €3,244 | €5,028 | +€1,784 | +55.0% |
| Taxes | 450/3 | €3,244 | €5,028 | +€1,784 | +55.0% |
| Other amounts payable | 47/48 | €21,870 | €13,460 | -€8,409 | -38.5% |
| Accrued charges and deferred income | 492/3 | €27 | €90 | +€63 | +237.8% |
| Non-recurring operating income | 76A | €14,454 | €331 | -€14,123 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,448 | €15,837 | +€7,389 | +87.5% |
| Other operating charges | 640/8 | €1,363 | €1,101 | -€261 | -19.2% |
| Gross operating margin | 9900 | €27,377 | €41,309 | +€13,932 | +50.9% |
| Operating profit (loss) | 9901 | €17,567 | €24,371 | +€6,804 | +38.7% |
| Financial income | 75/76B | €752 | €409 | -€343 | -45.6% |
| Recurring financial income | 75 | €752 | €409 | -€343 | -45.6% |
| Financial charges | 65/66B | €451 | €616 | +€165 | +36.7% |
| Recurring financial charges | 65 | €451 | €616 | +€165 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | €17,868 | €24,164 | +€6,296 | +35.2% |
| Income taxes | 67/77 | €1,001 | €9,591 | +€8,590 | +858.4% |
| Profit (loss) for the period | 9904 | €16,867 | €14,573 | -€2,294 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,867 | €14,573 | -€2,294 | -13.6% |
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 10 October 2026 via checked.be.