B-Side Consult: 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-Side Consult
Largest movements
- Intangible fixed assets +€41,106
up €41,106 (+28.2%), from €145,757 to €186,863
- Cash +€9,894
up €9,894 (+27.8%), from €35,629 to €45,523
mainly Net result for the year (+€54,389) and Depreciation (+€20,644)
- Profit (loss) carried forward +€54,389
up €54,389 (+53.2%), from €102,255 to €156,644
- Debts after one year -€16,266
down €16,266 (-59.8%), from €27,224 to €10,957
- Other debts +€7,834
up €7,834 (+15.8%), from €49,485 to €57,319
- Tax, wage and social debts +€5,534
up €5,534 (+24.5%), from €22,631 to €28,166
of which Taxes: +€5,511
- Gross operating margin +€9,623
up €9,623 (+11.4%), from €84,167 to €93,790
- Depreciation +€5,406
up €5,406 (+35.5%), from €15,238 to €20,644
- Taxes +€2,133
up €2,133 (+16.1%), from €13,258 to €15,391
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 | €228,202 | €278,282 | +€50,081 | +21.9% |
| Fixed assets | 21/28 | €154,126 | €194,172 | +€40,045 | +26.0% |
| Intangible fixed assets | 21 | €145,757 | €186,863 | +€41,106 | +28.2% |
| Tangible fixed assets | 22/27 | €8,369 | €7,308 | -€1,061 | -12.7% |
| Plant, machinery and equipment | 23 | €1,508 | €702 | -€807 | -53.5% |
| Furniture and vehicles | 24 | €4,299 | €4,361 | +€62 | +1.5% |
| Other tangible fixed assets | 26 | €2,562 | €2,245 | -€317 | -12.4% |
| Current assets | 29/58 | €74,075 | €84,111 | +€10,036 | +13.5% |
| Amounts receivable within one year | 40/41 | €31,098 | €33,864 | +€2,766 | +8.9% |
| Trade receivables | 40 | €31,050 | €33,821 | +€2,772 | +8.9% |
| Other amounts receivable | 41 | €48 | €43 | -€6 | -11.5% |
| Cash at bank and in hand | 54/58 | €35,629 | €45,523 | +€9,894 | +27.8% |
| Deferred charges and accrued income | 490/1 | €7,348 | €4,724 | -€2,624 | -35.7% |
| Total equity and liabilities | 10/49 | €228,202 | €278,282 | +€50,081 | +21.9% |
| Equity | 10/15 | €107,255 | €161,644 | +€54,389 | +50.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,255 | €156,644 | +€54,389 | +53.2% |
| Amounts payable | 17/49 | €120,947 | €116,639 | -€4,309 | -3.6% |
| Amounts payable after more than one year | 17 | €27,224 | €10,957 | -€16,266 | -59.8% |
| Financial debts | 170/4 | €27,224 | €10,957 | -€16,266 | -59.8% |
| Amounts payable within one year | 42/48 | €93,724 | €105,681 | +€11,958 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €16,064 | €16,266 | +€202 | +1.3% |
| Trade debts | 44 | €5,543 | €3,930 | -€1,613 | -29.1% |
| Suppliers | 440/4 | €5,543 | €3,930 | -€1,613 | -29.1% |
| Taxes, remuneration and social security | 45 | €22,631 | €28,166 | +€5,534 | +24.5% |
| Taxes | 450/3 | €19,724 | €25,235 | +€5,511 | +27.9% |
| Remuneration and social security | 454/9 | €2,908 | €2,931 | +€23 | +0.8% |
| Other amounts payable | 47/48 | €49,485 | €57,319 | +€7,834 | +15.8% |
| Remuneration, social security and pensions | 62 | €2,246 | €1,741 | -€505 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,238 | €20,644 | +€5,406 | +35.5% |
| Other operating charges | 640/8 | €1,094 | €586 | -€508 | -46.5% |
| Gross operating margin | 9900 | €84,167 | €93,790 | +€9,623 | +11.4% |
| Operating profit (loss) | 9901 | €65,589 | €70,819 | +€5,229 | +8.0% |
| Financial charges | 65/66B | €970 | €1,039 | +€69 | +7.1% |
| Recurring financial charges | 65 | €970 | €1,039 | +€69 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €64,619 | €69,780 | +€5,161 | +8.0% |
| Income taxes | 67/77 | €13,258 | €15,391 | +€2,133 | +16.1% |
| Profit (loss) for the period | 9904 | €51,361 | €54,389 | +€3,028 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,361 | €54,389 | +€3,028 | +5.9% |
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 6 October 2026 via checked.be.