B Squared: 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 Squared
Largest movements
- Cash -€29,227
down €29,227 (-30.0%), from €97,410 to €68,183
mainly Investment in fixed assets (net) (-€25,534) and Other debts (-€19,850)
- Tangible fixed assets +€23,158
up €23,158 (+5256.8%), from €441 to €23,599
of which Furniture and vehicles: +€20,840
- Reserves +€24,859
up €24,859 (+51.8%), from €47,993 to €72,852
- Other debts -€19,850
down €19,850 (-82.2%), from €24,143 to €4,293
- Tax, wage and social debts -€13,528
down €13,528 (-92.0%), from €14,710 to €1,182
- Trade debts +€2,986
up €2,986 (+74.4%), from €4,013 to €6,999
- Gross operating margin -€26,269
down €26,269 (-43.1%), from €60,968 to €34,699
- Taxes -€5,680
down €5,680 (-45.8%), from €12,392 to €6,712
- Depreciation +€1,954
up €1,954 (+462.9%), from €422 to €2,376
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 | €102,060 | €96,526 | -€5,534 | -5.4% |
| Fixed assets | 21/28 | €441 | €23,599 | +€23,158 | +5256.8% |
| Tangible fixed assets | 22/27 | €441 | €23,599 | +€23,158 | +5256.8% |
| Furniture and vehicles | 24 | €441 | €21,281 | +€20,840 | +4730.6% |
| Other tangible fixed assets | 26 | - | €2,318 | +€2,318 | |
| Current assets | 29/58 | €101,619 | €72,927 | -€28,692 | -28.2% |
| Amounts receivable within one year | 40/41 | €3,061 | €3,101 | +€40 | +1.3% |
| Trade receivables | 40 | €3,061 | €641 | -€2,420 | -79.1% |
| Other amounts receivable | 41 | - | €2,460 | +€2,460 | |
| Cash at bank and in hand | 54/58 | €97,410 | €68,183 | -€29,227 | -30.0% |
| Deferred charges and accrued income | 490/1 | €1,148 | €1,642 | +€494 | +43.0% |
| Total equity and liabilities | 10/49 | €102,060 | €96,526 | -€5,534 | -5.4% |
| Equity | 10/15 | €57,993 | €82,852 | +€24,859 | +42.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €47,993 | €72,852 | +€24,859 | +51.8% |
| Distributable reserves | 133 | €47,993 | €72,852 | +€24,859 | +51.8% |
| Amounts payable | 17/49 | €44,066 | €13,674 | -€30,392 | -69.0% |
| Amounts payable within one year | 42/48 | €42,866 | €12,474 | -€30,392 | -70.9% |
| Trade debts | 44 | €4,013 | €6,999 | +€2,986 | +74.4% |
| Suppliers | 440/4 | €4,013 | €6,999 | +€2,986 | +74.4% |
| Taxes, remuneration and social security | 45 | €14,710 | €1,182 | -€13,528 | -92.0% |
| Taxes | 450/3 | €14,710 | €1,182 | -€13,528 | -92.0% |
| Other amounts payable | 47/48 | €24,143 | €4,293 | -€19,850 | -82.2% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €422 | €2,376 | +€1,954 | +462.9% |
| Other operating charges | 640/8 | €1,332 | €1,257 | -€75 | -5.7% |
| Gross operating margin | 9900 | €60,968 | €34,699 | -€26,269 | -43.1% |
| Operating profit (loss) | 9901 | €59,214 | €31,067 | -€28,147 | -47.5% |
| Financial income | 75/76B | €0 | €575 | +€575 | +5754100.0% |
| Recurring financial income | 75 | €0 | €575 | +€575 | +5754100.0% |
| Financial charges | 65/66B | €106 | €72 | -€34 | -32.4% |
| Recurring financial charges | 65 | €106 | €72 | -€34 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €59,108 | €31,570 | -€27,538 | -46.6% |
| Income taxes | 67/77 | €12,392 | €6,712 | -€5,680 | -45.8% |
| Profit (loss) for the period | 9904 | €46,716 | €24,859 | -€21,858 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,716 | €24,859 | -€21,858 | -46.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.