B-There: 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-There
Largest movements
- Tangible fixed assets -€14,225
down €14,225 (-25.0%), from €56,810 to €42,584
of which Leasing and similar rights: -€12,077
- Receivables within one year +€3,747
up €3,747 (+7.6%), from €49,432 to €53,179
of which Trade receivables: +€1,996
- Cash -€1,729
down €1,729 (-21.4%), from €8,081 to €6,352
mainly Contributions, distributions and other (-€45,000) and Debts after one year (-€11,971)
- Debts after one year -€11,971
down €11,971 (-30.2%), from €39,683 to €27,712
- Other debts -€6,248
down €6,248 (-11.1%), from €56,360 to €50,113
- Profit (loss) carried forward +€3,181
up €3,181 (+938.0%), from €339 to €3,520
- Tax, wage and social debts +€2,383
up €2,383 (+24.7%), from €9,642 to €12,026
- Gross operating margin +€6,886
up €6,886 (+9.6%), from €71,476 to €78,363
- Depreciation +€2,747
up €2,747 (+23.9%), from €11,478 to €14,225
- Taxes +€1,236
up €1,236 (+10.7%), from €11,593 to €12,828
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 | €119,301 | €107,378 | -€11,922 | -10.0% |
| Fixed assets | 21/28 | €56,810 | €42,584 | -€14,225 | -25.0% |
| Tangible fixed assets | 22/27 | €56,810 | €42,584 | -€14,225 | -25.0% |
| Furniture and vehicles | 24 | €6,009 | €3,861 | -€2,148 | -35.7% |
| Leasing and similar rights | 25 | €50,801 | €38,724 | -€12,077 | -23.8% |
| Current assets | 29/58 | €62,491 | €64,794 | +€2,303 | +3.7% |
| Amounts receivable within one year | 40/41 | €49,432 | €53,179 | +€3,747 | +7.6% |
| Trade receivables | 40 | €30,788 | €32,784 | +€1,996 | +6.5% |
| Other amounts receivable | 41 | €18,644 | €20,395 | +€1,751 | +9.4% |
| Cash at bank and in hand | 54/58 | €8,081 | €6,352 | -€1,729 | -21.4% |
| Deferred charges and accrued income | 490/1 | €4,977 | €5,263 | +€286 | +5.7% |
| Total equity and liabilities | 10/49 | €119,301 | €107,378 | -€11,922 | -10.0% |
| Equity | 10/15 | €1,339 | €4,520 | +€3,181 | +237.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €339 | €3,520 | +€3,181 | +938.0% |
| Amounts payable | 17/49 | €117,962 | €102,858 | -€15,104 | -12.8% |
| Amounts payable after more than one year | 17 | €39,683 | €27,712 | -€11,971 | -30.2% |
| Financial debts | 170/4 | €39,683 | €27,712 | -€11,971 | -30.2% |
| Amounts payable within one year | 42/48 | €78,279 | €75,146 | -€3,133 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €11,486 | €11,971 | +€484 | +4.2% |
| Trade debts | 44 | €790 | €1,037 | +€247 | +31.3% |
| Suppliers | 440/4 | €790 | €1,037 | +€247 | +31.3% |
| Taxes, remuneration and social security | 45 | €9,642 | €12,026 | +€2,383 | +24.7% |
| Taxes | 450/3 | €9,642 | €12,026 | +€2,383 | +24.7% |
| Other amounts payable | 47/48 | €56,360 | €50,113 | -€6,248 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,478 | €14,225 | +€2,747 | +23.9% |
| Other operating charges | 640/8 | €1,698 | €1,657 | -€42 | -2.5% |
| Gross operating margin | 9900 | €71,476 | €78,363 | +€6,886 | +9.6% |
| Operating profit (loss) | 9901 | €58,300 | €62,481 | +€4,181 | +7.2% |
| Financial income | 75/76B | €299 | €655 | +€356 | +119.0% |
| Recurring financial income | 75 | €299 | €655 | +€356 | +119.0% |
| Financial charges | 65/66B | €2,013 | €2,126 | +€114 | +5.7% |
| Recurring financial charges | 65 | €2,013 | €2,126 | +€114 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €56,587 | €61,009 | +€4,423 | +7.8% |
| Income taxes | 67/77 | €11,593 | €12,828 | +€1,236 | +10.7% |
| Profit (loss) for the period | 9904 | €44,994 | €48,181 | +€3,187 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,994 | €48,181 | +€3,187 | +7.1% |
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 9 October 2026 via checked.be.