B-SEVEN: 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-SEVEN
Largest movements
- Receivables within one year +€199,834
up €199,834 (+2649.7%), from €7,542 to €207,376
of which Trade receivables: +€196,274
- Cash -€81,768
down €81,768 (-23.3%), from €350,364 to €268,597
mainly Receivables within one year (-€199,834) and Tax, wage and social debts (-€47,061)
- Tangible fixed assets -€34,111
down €34,111 (-47.6%), from €71,614 to €37,503
of which Furniture and vehicles: -€22,832
- Stocks and contracts -€17,036
down €17,036 (-2.3%), from €746,921 to €729,886
- Trade debts +€93,283
up €93,283 (+1378.1%), from €6,769 to €100,052
- Tax, wage and social debts -€47,061
down €47,061 (-74.2%), from €63,393 to €16,332
- Other debts +€22,348
up €22,348 (+4.2%), from €531,193 to €553,541
- Taxes +€6,937
up €6,937 (+4972.4%), from €140 to €7,077
- Financial charges -€4,928
down €4,928 (-10.4%), from €47,333 to €42,405
- Gross operating margin +€2,312
up €2,312 (+2.8%), from €81,769 to €84,081
- Depreciation +€1,370
up €1,370 (+4.2%), from €32,741 to €34,111
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 | €1,182,121 | €1,249,739 | +€67,618 | +5.7% |
| Fixed assets | 21/28 | €71,614 | €37,503 | -€34,111 | -47.6% |
| Tangible fixed assets | 22/27 | €71,614 | €37,503 | -€34,111 | -47.6% |
| Plant, machinery and equipment | 23 | €1,108 | €27 | -€1,081 | -97.5% |
| Furniture and vehicles | 24 | €47,687 | €24,855 | -€22,832 | -47.9% |
| Other tangible fixed assets | 26 | €22,820 | €12,621 | -€10,199 | -44.7% |
| Current assets | 29/58 | €1,110,507 | €1,212,237 | +€101,730 | +9.2% |
| Stocks and contracts in progress | 3 | €746,921 | €729,886 | -€17,036 | -2.3% |
| Stocks | 30/36 | €746,921 | €729,886 | -€17,036 | -2.3% |
| Amounts receivable within one year | 40/41 | €7,542 | €207,376 | +€199,834 | +2649.7% |
| Trade receivables | 40 | €1,461 | €197,735 | +€196,274 | +13431.1% |
| Other amounts receivable | 41 | €6,080 | €9,641 | +€3,560 | +58.6% |
| Cash at bank and in hand | 54/58 | €350,364 | €268,597 | -€81,768 | -23.3% |
| Deferred charges and accrued income | 490/1 | €5,679 | €6,378 | +€699 | +12.3% |
| Total equity and liabilities | 10/49 | €1,182,121 | €1,249,739 | +€67,618 | +5.7% |
| Equity | 10/15 | €573,266 | €573,636 | +€370 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €554,666 | €555,036 | +€370 | +0.1% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €535,916 | €536,286 | +€370 | +0.1% |
| Provisions and deferred taxes | 16 | €6,000 | €6,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €6,000 | = | 0.0% |
| Environmental obligations | 163 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable | 17/49 | €602,855 | €670,104 | +€67,248 | +11.2% |
| Amounts payable within one year | 42/48 | €602,855 | €669,926 | +€67,071 | +11.1% |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Trade debts | 44 | €6,769 | €100,052 | +€93,283 | +1378.1% |
| Suppliers | 440/4 | €6,769 | €100,052 | +€93,283 | +1378.1% |
| Advances received on contracts in progress | 46 | €1,500 | - | -€1,500 | |
| Taxes, remuneration and social security | 45 | €63,393 | €16,332 | -€47,061 | -74.2% |
| Taxes | 450/3 | €63,393 | €16,332 | -€47,061 | -74.2% |
| Other amounts payable | 47/48 | €531,193 | €553,541 | +€22,348 | +4.2% |
| Accrued charges and deferred income | 492/3 | - | €178 | +€178 | |
| Non-recurring operating income | 76A | €37,251 | - | -€37,251 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,741 | €34,111 | +€1,370 | +4.2% |
| Other operating charges | 640/8 | €1,396 | €1,485 | +€90 | +6.4% |
| Gross operating margin | 9900 | €81,769 | €84,081 | +€2,312 | +2.8% |
| Operating profit (loss) | 9901 | €47,632 | €48,485 | +€852 | +1.8% |
| Financial income | 75/76B | €1,045 | €1,367 | +€322 | +30.8% |
| Recurring financial income | 75 | €1,045 | €1,367 | +€322 | +30.8% |
| Financial charges | 65/66B | €47,333 | €42,405 | -€4,928 | -10.4% |
| Recurring financial charges | 65 | €47,333 | €42,405 | -€4,928 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €1,345 | €7,447 | +€6,103 | +453.9% |
| Income taxes | 67/77 | €140 | €7,077 | +€6,937 | +4972.4% |
| Profit (loss) for the period | 9904 | €1,205 | €370 | -€835 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,205 | €370 | -€835 | -69.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.