B-Sure: 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-Sure
Largest movements
- Cash +€327,190
up €327,190 (+380%), from €86,130 to €413,320
mainly Net result for the year (+€449,960) and Receivables within one year (+€228,657)
- Receivables after one year +€257,949
up €257,949 (+242%), from €106,620 to €364,570
- Receivables within one year -€228,657
down €228,657 (-31.2%), from €732,532 to €503,876
of which Trade receivables: -€191,066
- Tangible fixed assets -€106,258
down €106,258 (-39.5%), from €269,151 to €162,893
of which Furniture and vehicles: -€112,262
- Deferred charges and accrued income -€43,738
down €43,738 (-79.4%), from €55,055 to €11,317
- Other debts +€145,658
up €145,658 (+295%), from €49,342 to €195,000
- Reserves +€134,960
up €134,960 (+105%), from €128,948 to €263,908
of which Distributable reserves: +€134,960
- Debts after one year -€92,957
down €92,957 (-21.2%), from €439,056 to €346,099
of which Financial debts: -€92,957
- Trade debts +€18,058
up €18,058 (+32.0%), from €56,371 to €74,429
- Gross operating margin +€589,935
up €589,935 (+84.4%), from €699,144 to €1.3m
- Staff costs +€103,434
up €103,434 (+24.3%), from €425,419 to €528,853
- Taxes +€72,274
up €72,274 (+431%), from €16,766 to €89,040
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.
Derived cash bridge
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 | €1,448,706 | €1,658,224 | +€209,518 | +14.5% |
| Fixed assets | 21/28 | €468,368 | €365,142 | -€103,227 | -22.0% |
| Intangible fixed assets | 21 | €13,740 | €26,771 | +€13,030 | +94.8% |
| Tangible fixed assets | 22/27 | €269,151 | €162,893 | -€106,258 | -39.5% |
| Plant, machinery and equipment | 23 | €28,101 | €35,308 | +€7,207 | +25.6% |
| Furniture and vehicles | 24 | €239,540 | €127,277 | -€112,262 | -46.9% |
| Other tangible fixed assets | 26 | €1,511 | €308 | -€1,203 | -79.6% |
| Financial fixed assets | 28 | €185,477 | €175,478 | -€9,999 | -5.4% |
| Current assets | 29/58 | €980,338 | €1,293,083 | +€312,745 | +31.9% |
| Amounts receivable after more than one year | 29 | €106,620 | €364,570 | +€257,949 | +242% |
| Other amounts receivable | 291 | €106,620 | €364,570 | +€257,949 | +242% |
| Amounts receivable within one year | 40/41 | €732,532 | €503,876 | -€228,657 | -31.2% |
| Trade receivables | 40 | €533,103 | €342,037 | -€191,066 | -35.8% |
| Other amounts receivable | 41 | €199,429 | €161,839 | -€37,590 | -18.8% |
| Cash at bank and in hand | 54/58 | €86,130 | €413,320 | +€327,190 | +380% |
| Deferred charges and accrued income | 490/1 | €55,055 | €11,317 | -€43,738 | -79.4% |
| Total equity and liabilities | 10/49 | €1,448,706 | €1,658,224 | +€209,518 | +14.5% |
| Equity | 10/15 | €747,548 | €882,508 | +€134,960 | +18.1% |
| Contributions | 10/11 | €618,600 | €618,600 | = | 0.0% |
| Capital | 10 | €618,600 | €618,600 | = | 0.0% |
| Issued capital | 100 | €618,600 | €618,600 | = | 0.0% |
| Reserves | 13 | €128,948 | €263,908 | +€134,960 | +105% |
| Non-distributable reserves | 130/1 | €61,860 | €61,860 | = | 0.0% |
| Legal reserve | 130 | €61,860 | €61,860 | = | 0.0% |
| Distributable reserves | 133 | €67,088 | €202,048 | +€134,960 | +201% |
| Amounts payable | 17/49 | €701,158 | €775,716 | +€74,558 | +10.6% |
| Amounts payable after more than one year | 17 | €439,056 | €346,099 | -€92,957 | -21.2% |
| Financial debts | 170/4 | €319,056 | €226,099 | -€92,957 | -29.1% |
| Trade debts | 175 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €260,091 | €427,679 | +€167,588 | +64.4% |
| Current portion of amounts payable after more than one year | 42 | €91,360 | €94,673 | +€3,313 | +3.6% |
| Trade debts | 44 | €56,371 | €74,429 | +€18,058 | +32.0% |
| Suppliers | 440/4 | €56,371 | €74,429 | +€18,058 | +32.0% |
| Taxes, remuneration and social security | 45 | €63,018 | €63,577 | +€559 | +0.9% |
| Taxes | 450/3 | €16,029 | €4,484 | -€11,545 | -72.0% |
| Remuneration and social security | 454/9 | €46,990 | €59,093 | +€12,103 | +25.8% |
| Other amounts payable | 47/48 | €49,342 | €195,000 | +€145,658 | +295% |
| Accrued charges and deferred income | 492/3 | €2,012 | €1,939 | -€73 | -3.6% |
| Non-recurring operating income | 76A | - | €190,722 | +€190,722 | |
| Remuneration, social security and pensions | 62 | €425,419 | €528,853 | +€103,434 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,251 | €70,178 | +€3,928 | +5.9% |
| Other operating charges | 640/8 | €81,489 | €91,517 | +€10,028 | +12.3% |
| Non-recurring operating charges | 66A | - | €14,439 | +€14,439 | |
| Gross operating margin | 9900 | €699,144 | €1,289,079 | +€589,935 | +84.4% |
| Operating profit (loss) | 9901 | €125,985 | €584,091 | +€458,106 | +364% |
| Financial income | 75/76B | €2,239 | €2,467 | +€229 | +10.2% |
| Recurring financial income | 75 | €2,239 | €2,467 | +€229 | +10.2% |
| Financial charges | 65/66B | €60,077 | €47,558 | -€12,519 | -20.8% |
| Recurring financial charges | 65 | €60,077 | €47,558 | -€12,519 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €68,147 | €539,000 | +€470,853 | +691% |
| Income taxes | 67/77 | €16,766 | €89,040 | +€72,274 | +431% |
| Profit (loss) for the period | 9904 | €51,381 | €449,960 | +€398,580 | +776% |
| Profit (loss) for the period to be appropriated | 9905 | €51,381 | €449,960 | +€398,580 | +776% |
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 24 October 2026 via checked.be.