B-visible: 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-visible
Largest movements
- Receivables within one year +€40,360
up €40,360 (+467%), from €8,652 to €49,012
of which Trade receivables: +€29,382
- Tangible fixed assets +€13,964
up €13,964 (+213%), from €6,554 to €20,518
of which Furniture and vehicles: +€13,929
- Stocks and contracts -€2,618
no longer reported in 2025 (was €2,618)
- Cash +€1,221
up €1,221 (+21.1%), from €5,780 to €7,001
mainly Trade debts (+€30,714) and Net result for the year (+€30,046)
- Trade debts +€30,714
up €30,714 (+956%), from €3,212 to €33,926
- Profit (loss) carried forward +€30,046
up €30,046 (+96.0%), from -€31,289 to -€1,242
- Other debts -€13,468
down €13,468 (-43.3%), from €31,102 to €17,633
- Current portion of long-term debt +€3,689
up €3,689 (+276%), from €1,338 to €5,028
- Tax, wage and social debts +€2,550
up €2,550 (+318%), from €801 to €3,350
- Gross operating margin +€49,446
up €49,446, from -€11,377 to €38,069
- Depreciation +€2,033
up €2,033 (+128%), from €1,586 to €3,618
- Financial charges -€1,318
down €1,318 (-81.7%), from €1,614 to €296
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 | €23,764 | €77,294 | +€53,531 | +225% |
| Fixed assets | 21/28 | €6,714 | €20,618 | +€13,904 | +207% |
| Tangible fixed assets | 22/27 | €6,554 | €20,518 | +€13,964 | +213% |
| Plant, machinery and equipment | 23 | €6,554 | €6,589 | +€35 | +0.5% |
| Furniture and vehicles | 24 | - | €13,929 | +€13,929 | |
| Financial fixed assets | 28 | €160 | €100 | -€60 | -37.5% |
| Current assets | 29/58 | €17,050 | €56,677 | +€39,627 | +232% |
| Stocks and contracts in progress | 3 | €2,618 | - | -€2,618 | |
| Stocks | 30/36 | €2,618 | - | -€2,618 | |
| Amounts receivable within one year | 40/41 | €8,652 | €49,012 | +€40,360 | +467% |
| Trade receivables | 40 | €7,806 | €37,188 | +€29,382 | +376% |
| Other amounts receivable | 41 | €846 | €11,824 | +€10,978 | +1,298% |
| Cash at bank and in hand | 54/58 | €5,780 | €7,001 | +€1,221 | +21.1% |
| Deferred charges and accrued income | 490/1 | - | €664 | +€664 | |
| Total equity and liabilities | 10/49 | €23,764 | €77,294 | +€53,531 | +225% |
| Equity | 10/15 | -€12,689 | €17,358 | +€30,046 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,289 | -€1,242 | +€30,046 | +96.0% |
| Amounts payable | 17/49 | €36,453 | €59,937 | +€23,484 | +64.4% |
| Amounts payable within one year | 42/48 | €36,453 | €59,937 | +€23,484 | +64.4% |
| Current portion of amounts payable after more than one year | 42 | €1,338 | €5,028 | +€3,689 | +276% |
| Trade debts | 44 | €3,212 | €33,926 | +€30,714 | +956% |
| Suppliers | 440/4 | €3,212 | €33,926 | +€30,714 | +956% |
| Taxes, remuneration and social security | 45 | €801 | €3,350 | +€2,550 | +318% |
| Taxes | 450/3 | €801 | €3,350 | +€2,550 | +318% |
| Other amounts payable | 47/48 | €31,102 | €17,633 | -€13,468 | -43.3% |
| Non-recurring operating income | 76A | - | €1,240 | +€1,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,586 | €3,618 | +€2,033 | +128% |
| Other operating charges | 640/8 | €1,275 | €1,067 | -€208 | -16.3% |
| Non-recurring operating charges | 66A | - | €2,910 | +€2,910 | |
| Gross operating margin | 9900 | -€11,377 | €38,069 | +€49,446 | |
| Operating profit (loss) | 9901 | -€14,238 | €30,473 | +€44,711 | |
| Financial income | 75/76B | €93 | €1 | -€92 | -98.9% |
| Recurring financial income | 75 | €93 | €1 | -€92 | -98.9% |
| Financial charges | 65/66B | €1,614 | €296 | -€1,318 | -81.7% |
| Recurring financial charges | 65 | €1,614 | €296 | -€1,318 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,759 | €30,178 | +€45,937 | |
| Income taxes | 67/77 | €140 | €132 | -€8 | -5.4% |
| Profit (loss) for the period | 9904 | -€15,898 | €30,046 | +€45,945 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,898 | €30,046 | +€45,945 |
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.