B.THE.C: 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.THE.C
Largest movements
- Receivables within one year +€12,079
up €12,079 (+68.1%), from €17,731 to €29,810
of which Other amounts receivable: +€7,099
- Tangible fixed assets +€6,426
up €6,426 (+89.5%), from €7,177 to €13,602
- Reserves +€42,477
up €42,477 (+82.6%), from €51,439 to €93,916
- Tax, wage and social debts -€18,521
down €18,521 (-50.1%), from €36,932 to €18,411
of which Taxes: -€18,543
- Other debts -€13,825
down €13,825 (-82.3%), from €16,808 to €2,982
- Trade debts +€6,752
up €6,752 (+527%), from €1,282 to €8,034
- Gross operating margin -€31,779
down €31,779 (-34.2%), from €93,010 to €61,231
- Taxes -€6,429
down €6,429 (-32.1%), from €20,047 to €13,618
- Depreciation +€1,823
up €1,823 (+78.7%), from €2,318 to €4,141
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 | €108,460 | €125,344 | +€16,883 | +15.6% |
| Fixed assets | 21/28 | €7,177 | €13,602 | +€6,426 | +89.5% |
| Tangible fixed assets | 22/27 | €7,177 | €13,602 | +€6,426 | +89.5% |
| Furniture and vehicles | 24 | €7,177 | €13,602 | +€6,426 | +89.5% |
| Current assets | 29/58 | €101,284 | €111,741 | +€10,458 | +10.3% |
| Amounts receivable within one year | 40/41 | €17,731 | €29,810 | +€12,079 | +68.1% |
| Trade receivables | 40 | €17,731 | €22,711 | +€4,980 | +28.1% |
| Other amounts receivable | 41 | - | €7,099 | +€7,099 | |
| Cash at bank and in hand | 54/58 | €81,054 | €80,526 | -€527 | -0.7% |
| Deferred charges and accrued income | 490/1 | €2,499 | €1,405 | -€1,094 | -43.8% |
| Total equity and liabilities | 10/49 | €108,460 | €125,344 | +€16,883 | +15.6% |
| Equity | 10/15 | €53,439 | €95,916 | +€42,477 | +79.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €51,439 | €93,916 | +€42,477 | +82.6% |
| Distributable reserves | 133 | €51,439 | €93,916 | +€42,477 | +82.6% |
| Amounts payable | 17/49 | €55,022 | €29,428 | -€25,594 | -46.5% |
| Amounts payable within one year | 42/48 | €55,022 | €29,428 | -€25,594 | -46.5% |
| Trade debts | 44 | €1,282 | €8,034 | +€6,752 | +527% |
| Suppliers | 440/4 | €1,282 | €8,034 | +€6,752 | +527% |
| Taxes, remuneration and social security | 45 | €36,932 | €18,411 | -€18,521 | -50.1% |
| Taxes | 450/3 | €34,232 | €15,689 | -€18,543 | -54.2% |
| Remuneration and social security | 454/9 | €2,700 | €2,722 | +€22 | +0.8% |
| Other amounts payable | 47/48 | €16,808 | €2,982 | -€13,825 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,318 | €4,141 | +€1,823 | +78.7% |
| Other operating charges | 640/8 | €546 | €734 | +€188 | +34.4% |
| Gross operating margin | 9900 | €93,010 | €61,231 | -€31,779 | -34.2% |
| Operating profit (loss) | 9901 | €90,146 | €56,356 | -€33,790 | -37.5% |
| Financial income | 75/76B | €712 | - | -€712 | |
| Recurring financial income | 75 | €712 | - | -€712 | |
| Financial charges | 65/66B | €636 | €261 | -€375 | -58.9% |
| Recurring financial charges | 65 | €636 | €261 | -€375 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | €90,222 | €56,095 | -€34,127 | -37.8% |
| Income taxes | 67/77 | €20,047 | €13,618 | -€6,429 | -32.1% |
| Profit (loss) for the period | 9904 | €70,176 | €42,477 | -€27,699 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,176 | €42,477 | -€27,699 | -39.5% |
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 15 October 2026 via checked.be.