B TO B: 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 TO B
Largest movements
- Deferred charges and accrued income -€90,178
down €90,178 (-67.7%), from €133,134 to €42,956
- Tangible fixed assets -€69,069
down €69,069 (-10.1%), from €684,394 to €615,325
of which Land and buildings: -€68,654
- Cash +€46,617
up €46,617 (+112%), from €41,665 to €88,282
mainly Depreciation (+€91,617) and Deferred charges and accrued income (+€90,178)
- Receivables after one year -€40,234
down €40,234 (-100%), from €40,234 to €0
- Intangible fixed assets -€22,547
down €22,547 (-20.1%), from €112,165 to €89,618
- Debts after one year -€91,453
down €91,453 (-11.8%), from €772,396 to €680,942
- Accrued charges and deferred income -€25,650
down €25,650 (-100%), from €25,650 to €0
- Trade debts -€24,566
down €24,566 (-71.3%), from €34,431 to €9,865
- Profit (loss) carried forward -€14,210
down €14,210 (-28.1%), from €50,507 to €36,297
- Current portion of long-term debt -€10,313
down €10,313 (-10.1%), from €101,766 to €91,453
- Staff costs -€27,135
down €27,135 (-13.9%), from €195,243 to €168,109
- Gross operating margin -€25,127
down €25,127 (-8.5%), from €294,041 to €268,915
- Depreciation -€11,338
down €11,338 (-11.0%), from €102,954 to €91,617
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 | €1,020,670 | €848,117 | -€172,553 | -16.9% |
| Fixed assets | 21/28 | €796,560 | €704,943 | -€91,617 | -11.5% |
| Intangible fixed assets | 21 | €112,165 | €89,618 | -€22,547 | -20.1% |
| Tangible fixed assets | 22/27 | €684,394 | €615,325 | -€69,069 | -10.1% |
| Land and buildings | 22 | €683,979 | €615,325 | -€68,654 | -10.0% |
| Furniture and vehicles | 24 | €415 | €0 | -€415 | -100% |
| Current assets | 29/58 | €224,110 | €143,174 | -€80,936 | -36.1% |
| Amounts receivable after more than one year | 29 | €40,234 | €0 | -€40,234 | -100% |
| Other amounts receivable | 291 | €40,234 | €0 | -€40,234 | -100% |
| Amounts receivable within one year | 40/41 | €9,077 | €11,936 | +€2,858 | +31.5% |
| Trade receivables | 40 | €2,577 | €2,934 | +€357 | +13.9% |
| Other amounts receivable | 41 | €6,501 | €9,002 | +€2,501 | +38.5% |
| Cash at bank and in hand | 54/58 | €41,665 | €88,282 | +€46,617 | +112% |
| Deferred charges and accrued income | 490/1 | €133,134 | €42,956 | -€90,178 | -67.7% |
| Total equity and liabilities | 10/49 | €1,020,670 | €848,117 | -€172,553 | -16.9% |
| Equity | 10/15 | €62,292 | €48,082 | -€14,210 | -22.8% |
| Contributions | 10/11 | €9,925 | €9,925 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,507 | €36,297 | -€14,210 | -28.1% |
| Amounts payable | 17/49 | €958,378 | €800,035 | -€158,343 | -16.5% |
| Amounts payable after more than one year | 17 | €772,396 | €680,942 | -€91,453 | -11.8% |
| Financial debts | 170/4 | €772,396 | €680,942 | -€91,453 | -11.8% |
| Amounts payable within one year | 42/48 | €160,333 | €119,093 | -€41,240 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €101,766 | €91,453 | -€10,313 | -10.1% |
| Financial debts | 43 | €0 | €226 | +€226 | |
| Credit institutions | 430/8 | €0 | €226 | +€226 | |
| Trade debts | 44 | €34,431 | €9,865 | -€24,566 | -71.3% |
| Suppliers | 440/4 | €34,431 | €9,865 | -€24,566 | -71.3% |
| Taxes, remuneration and social security | 45 | €24,136 | €17,548 | -€6,588 | -27.3% |
| Taxes | 450/3 | €2,909 | €0 | -€2,909 | -100% |
| Remuneration and social security | 454/9 | €21,226 | €17,548 | -€3,678 | -17.3% |
| Accrued charges and deferred income | 492/3 | €25,650 | €0 | -€25,650 | -100% |
| Remuneration, social security and pensions | 62 | €195,243 | €168,109 | -€27,135 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,954 | €91,617 | -€11,338 | -11.0% |
| Other operating charges | 640/8 | €10,216 | €8,049 | -€2,168 | -21.2% |
| Gross operating margin | 9900 | €294,041 | €268,915 | -€25,127 | -8.5% |
| Operating profit (loss) | 9901 | -€14,373 | €1,140 | +€15,513 | |
| Financial income | 75/76B | €2 | €5 | +€3 | +112% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +112% |
| Financial charges | 65/66B | €16,184 | €15,355 | -€828 | -5.1% |
| Recurring financial charges | 65 | €16,184 | €15,355 | -€828 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,554 | -€14,210 | +€16,344 | +53.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€30,554 | -€14,210 | +€16,344 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,554 | -€14,210 | +€16,344 | +53.5% |
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 29 October 2026 via checked.be.