B-style: what changed
B-style
Largest movements
- Cash +€29,853
up €29,853 (+49.2%), from €60,663 to €90,515
mainly Debts after one year (+€29,439) and Net result for the year (+€27,852)
- Tangible fixed assets +€27,082
up €27,082 (+143%), from €18,895 to €45,977
of which Furniture and vehicles: +€27,520
- Receivables within one year -€8,673
down €8,673 (-50.4%), from €17,194 to €8,521
of which Other amounts receivable: -€8,847
- Debts after one year +€29,439
up €29,439 (+549%), from €5,358 to €34,798
- Other debts +€23,396
up €23,396 (+60.3%), from €38,768 to €62,164
- Tax, wage and social debts -€2,739
down €2,739 (-17.8%), from €15,351 to €12,612
of which Taxes: -€5,337
- Depreciation -€4,333
down €4,333 (-38.3%), from €11,306 to €6,973
- Financial charges +€1,429
up €1,429 (+120%), from €1,193 to €2,622
- Gross operating margin +€1,021
up €1,021 (+2.3%), from €45,040 to €46,060
- Other operating charges -€691
down €691 (-39.0%), from €1,774 to €1,083
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,007 | €146,556 | +€49,549 | +51.1% |
| Fixed assets | 21/28 | €18,895 | €45,977 | +€27,082 | +143% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €18,895 | €45,977 | +€27,082 | +143% |
| Plant, machinery and equipment | 23 | €1,410 | €972 | -€438 | -31.1% |
| Furniture and vehicles | 24 | €17,485 | €45,005 | +€27,520 | +157% |
| Current assets | 29/58 | €78,112 | €100,579 | +€22,467 | +28.8% |
| Amounts receivable within one year | 40/41 | €17,194 | €8,521 | -€8,673 | -50.4% |
| Trade receivables | 40 | €4,522 | €4,696 | +€174 | +3.9% |
| Other amounts receivable | 41 | €12,672 | €3,825 | -€8,847 | -69.8% |
| Cash at bank and in hand | 54/58 | €60,663 | €90,515 | +€29,853 | +49.2% |
| Deferred charges and accrued income | 490/1 | €255 | €1,542 | +€1,287 | +504% |
| Total equity and liabilities | 10/49 | €97,007 | €146,556 | +€49,549 | +51.1% |
| Equity | 10/15 | €23,135 | €23,135 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,535 | €4,535 | = | 0.0% |
| Distributable reserves | 133 | €4,535 | €4,535 | = | 0.0% |
| Amounts payable | 17/49 | €73,872 | €123,421 | +€49,549 | +67.1% |
| Amounts payable after more than one year | 17 | €5,358 | €34,798 | +€29,439 | +549% |
| Financial debts | 170/4 | €5,358 | €34,798 | +€29,439 | +549% |
| Amounts payable within one year | 42/48 | €68,260 | €88,623 | +€20,363 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €8,979 | €9,106 | +€127 | +1.4% |
| Trade debts | 44 | €5,162 | €4,742 | -€420 | -8.1% |
| Suppliers | 440/4 | €5,162 | €4,742 | -€420 | -8.1% |
| Taxes, remuneration and social security | 45 | €15,351 | €12,612 | -€2,739 | -17.8% |
| Taxes | 450/3 | €13,019 | €7,682 | -€5,337 | -41.0% |
| Remuneration and social security | 454/9 | €2,332 | €4,930 | +€2,598 | +111% |
| Other amounts payable | 47/48 | €38,768 | €62,164 | +€23,396 | +60.3% |
| Accrued charges and deferred income | 492/3 | €253 | - | -€253 | |
| Non-recurring operating income | 76A | - | €7,400 | +€7,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,306 | €6,973 | -€4,333 | -38.3% |
| Other operating charges | 640/8 | €1,774 | €1,083 | -€691 | -39.0% |
| Gross operating margin | 9900 | €45,040 | €46,060 | +€1,021 | +2.3% |
| Operating profit (loss) | 9901 | €31,960 | €38,005 | +€6,045 | +18.9% |
| Financial income | 75/76B | €96 | €378 | +€282 | +294% |
| Recurring financial income | 75 | €96 | €378 | +€282 | +294% |
| Financial charges | 65/66B | €1,193 | €2,622 | +€1,429 | +120% |
| Recurring financial charges | 65 | €1,193 | €2,622 | +€1,429 | +120% |
| Profit (loss) for the period before taxes | 9903 | €30,863 | €35,760 | +€4,898 | +15.9% |
| Income taxes | 67/77 | €7,682 | €7,908 | +€226 | +2.9% |
| Profit (loss) for the period | 9904 | €23,181 | €27,852 | +€4,671 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,181 | €27,852 | +€4,671 | +20.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.