B-up: 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-up
Largest movements
- Current investments +€98,667
up €98,667 (+49.3%), from €200,000 to €298,667
- Cash -€54,354
down €54,354 (-24.0%), from €226,637 to €172,283
mainly Contributions, distributions and other (-€148,214) and Current investments (-€98,667)
- Tangible fixed assets +€8,376
up €8,376 (+56.6%), from €14,802 to €23,178
of which Other tangible fixed assets: +€7,699
- Other debts +€77,626
up €77,626 (+110%), from €70,588 to €148,214
- Tax, wage and social debts -€15,737
down €15,737 (-38.6%), from €40,817 to €25,080
of which Taxes: -€14,756
- Trade debts -€10,991
down €10,991 (-75.2%), from €14,624 to €3,633
- Gross operating margin -€64,461
down €64,461 (-21.9%), from €293,987 to €229,526
- Taxes -€25,415
down €25,415 (-34.0%), from €74,664 to €49,249
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 | €456,514 | €507,412 | +€50,898 | +11.1% |
| Fixed assets | 21/28 | €14,852 | €23,228 | +€8,376 | +56.4% |
| Tangible fixed assets | 22/27 | €14,802 | €23,178 | +€8,376 | +56.6% |
| Plant, machinery and equipment | 23 | €1,957 | €1,430 | -€527 | -26.9% |
| Furniture and vehicles | 24 | - | €1,204 | +€1,204 | |
| Other tangible fixed assets | 26 | €12,845 | €20,544 | +€7,699 | +59.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €441,663 | €484,184 | +€42,522 | +9.6% |
| Amounts receivable within one year | 40/41 | €12,862 | €9,357 | -€3,506 | -27.3% |
| Trade receivables | 40 | €12,862 | €9,356 | -€3,506 | -27.3% |
| Other amounts receivable | 41 | €1 | €1 | = | 0.0% |
| Current investments | 50/53 | €200,000 | €298,667 | +€98,667 | +49.3% |
| Cash at bank and in hand | 54/58 | €226,637 | €172,283 | -€54,354 | -24.0% |
| Deferred charges and accrued income | 490/1 | €2,164 | €3,878 | +€1,714 | +79.2% |
| Total equity and liabilities | 10/49 | €456,514 | €507,412 | +€50,898 | +11.1% |
| Equity | 10/15 | €330,485 | €330,485 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €271,017 | €271,017 | = | 0.0% |
| Distributable reserves | 133 | €271,017 | €271,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,867 | €40,867 | = | 0.0% |
| Amounts payable | 17/49 | €126,030 | €176,928 | +€50,898 | +40.4% |
| Amounts payable within one year | 42/48 | €126,030 | €176,928 | +€50,898 | +40.4% |
| Trade debts | 44 | €14,624 | €3,633 | -€10,991 | -75.2% |
| Suppliers | 440/4 | €14,624 | €3,633 | -€10,991 | -75.2% |
| Taxes, remuneration and social security | 45 | €40,817 | €25,080 | -€15,737 | -38.6% |
| Taxes | 450/3 | €35,214 | €20,458 | -€14,756 | -41.9% |
| Remuneration and social security | 454/9 | €5,603 | €4,622 | -€981 | -17.5% |
| Other amounts payable | 47/48 | €70,588 | €148,214 | +€77,626 | +110% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €34,987 | €36,147 | +€1,160 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,355 | €4,607 | +€1,252 | +37.3% |
| Other operating charges | 640/8 | €1,146 | €1,194 | +€48 | +4.2% |
| Gross operating margin | 9900 | €293,987 | €229,526 | -€64,461 | -21.9% |
| Operating profit (loss) | 9901 | €254,499 | €187,577 | -€66,921 | -26.3% |
| Financial income | 75/76B | €11,590 | €11,377 | -€213 | -1.8% |
| Recurring financial income | 75 | €11,590 | €11,377 | -€213 | -1.8% |
| Financial charges | 65/66B | €165 | €1,491 | +€1,325 | +801% |
| Recurring financial charges | 65 | €165 | €1,460 | +€1,294 | +782% |
| Non-recurring financial charges | 66B | €0 | €31 | +€31 | +311,900% |
| Profit (loss) for the period before taxes | 9903 | €265,923 | €197,463 | -€68,460 | -25.7% |
| Income taxes | 67/77 | €74,664 | €49,249 | -€25,415 | -34.0% |
| Profit (loss) for the period | 9904 | €191,258 | €148,214 | -€43,044 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €191,258 | €148,214 | -€43,044 | -22.5% |
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 28 October 2026 via checked.be.