B UNITS: 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 UNITS
Largest movements
- Tangible fixed assets +€173,399
up €173,399 (+367.0%), from €47,246 to €220,644
of which Assets under construction and advance payments: +€176,895
- Receivables within one year +€76,664
up €76,664 (+214.6%), from €35,729 to €112,393
of which Other amounts receivable: +€74,283
- Cash -€4,187
down €4,187 (-47.0%), from €8,902 to €4,714
mainly Investment in fixed assets (net) (-€176,895) and Receivables within one year (-€76,664)
- Short-term financial debts +€183,310
new in 2025: €183,310
- Profit (loss) carried forward +€24,142
up €24,142 (+159.6%), from €15,130 to €39,272
- Tax, wage and social debts +€19,922
up €19,922 (+2345.8%), from €849 to €20,771
- Trade debts +€7,419
up €7,419 (+43.9%), from €16,892 to €24,311
- Accrued charges and deferred income +€5,406
up €5,406 (+242.3%), from €2,231 to €7,637
- Gross operating margin +€33,209
up €33,209 (+265.2%), from €12,523 to €45,732
- Financial charges +€2,964
up €2,964 (+1268.0%), from €234 to €3,197
- Other operating charges -€689
down €689 (-4.8%), from €14,393 to €13,704
- Depreciation -€655
down €655 (-15.8%), from €4,151 to €3,496
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 | €95,043 | €338,788 | +€243,746 | +256.5% |
| Fixed assets | 21/28 | €47,246 | €220,644 | +€173,399 | +367.0% |
| Tangible fixed assets | 22/27 | €47,246 | €220,644 | +€173,399 | +367.0% |
| Land and buildings | 22 | €47,246 | €43,749 | -€3,496 | -7.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | - | €176,895 | +€176,895 | |
| Current assets | 29/58 | €47,797 | €118,144 | +€70,347 | +147.2% |
| Amounts receivable within one year | 40/41 | €35,729 | €112,393 | +€76,664 | +214.6% |
| Trade receivables | 40 | €0 | €2,381 | +€2,381 | |
| Other amounts receivable | 41 | €35,729 | €110,012 | +€74,283 | +207.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,902 | €4,714 | -€4,187 | -47.0% |
| Deferred charges and accrued income | 490/1 | €3,167 | €1,037 | -€2,130 | -67.3% |
| Total equity and liabilities | 10/49 | €95,043 | €338,788 | +€243,746 | +256.5% |
| Equity | 10/15 | €69,666 | €95,001 | +€25,335 | +36.4% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Capital | 10 | €49,579 | €49,579 | = | 0.0% |
| Issued capital | 100 | €49,579 | €49,579 | = | 0.0% |
| Contributions outside capital | 11 | €0 | - | = | |
| Other | 1109/19 | €0 | - | = | |
| Reserves | 13 | €4,958 | €6,150 | +€1,192 | +24.0% |
| Non-distributable reserves | 130/1 | €4,958 | €6,150 | +€1,192 | +24.0% |
| Legal reserve | 130 | €4,958 | €6,150 | +€1,192 | +24.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €15,130 | €39,272 | +€24,142 | +159.6% |
| Amounts payable | 17/49 | €25,376 | €243,787 | +€218,411 | +860.7% |
| Amounts payable within one year | 42/48 | €23,145 | €236,150 | +€213,005 | +920.3% |
| Financial debts | 43 | - | €183,310 | +€183,310 | |
| Credit institutions | 430/8 | - | €183,310 | +€183,310 | |
| Trade debts | 44 | €16,892 | €24,311 | +€7,419 | +43.9% |
| Suppliers | 440/4 | €16,892 | €24,311 | +€7,419 | +43.9% |
| Advances received on contracts in progress | 46 | €400 | €550 | +€150 | +37.5% |
| Taxes, remuneration and social security | 45 | €849 | €20,771 | +€19,922 | +2345.8% |
| Taxes | 450/3 | €849 | €20,771 | +€19,922 | +2345.8% |
| Other amounts payable | 47/48 | €5,004 | €7,209 | +€2,205 | +44.1% |
| Accrued charges and deferred income | 492/3 | €2,231 | €7,637 | +€5,406 | +242.3% |
| Non-recurring operating income | 76A | €200 | €0 | -€200 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,151 | €3,496 | -€655 | -15.8% |
| Other operating charges | 640/8 | €14,393 | €13,704 | -€689 | -4.8% |
| Non-recurring operating charges | 66A | €995 | €0 | -€995 | -100.0% |
| Gross operating margin | 9900 | €12,523 | €45,732 | +€33,209 | +265.2% |
| Operating profit (loss) | 9901 | -€7,017 | €28,532 | +€35,549 | |
| Financial income | 75/76B | €85 | €0 | -€85 | -100.0% |
| Recurring financial income | 75 | €85 | €0 | -€85 | -100.0% |
| Financial charges | 65/66B | €234 | €3,197 | +€2,964 | +1268.0% |
| Recurring financial charges | 65 | €234 | €3,197 | +€2,964 | +1268.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,166 | €25,335 | +€32,501 | |
| Profit (loss) for the period | 9904 | -€7,166 | €25,335 | +€32,501 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,166 | €25,335 | +€32,501 |
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 12 October 2026 via checked.be.