B-VOICE: 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-VOICE
Largest movements
- Tangible fixed assets +€70,604
new in 2025: €70,604
- Cash -€35,822
down €35,822 (-42.3%), from €84,638 to €48,816
mainly Investment in fixed assets (net) (-€70,604) and Other debts (-€7,202)
- Receivables within one year -€6,523
down €6,523 (-40.1%), from €16,281 to €9,757
of which Other amounts receivable: -€5,177
- Profit (loss) carried forward +€35,530
up €35,530 (+758%), from €4,686 to €40,216
- Other debts -€7,202
down €7,202 (-14.7%), from €49,000 to €41,798
- Gross operating margin +€19,461
up €19,461 (+110%), from €17,651 to €37,113
- Taxes -€4,196
no longer reported in 2025 (was €4,196)
- Financial charges +€1,046
up €1,046 (+767%), from €136 to €1,183
of which Non-recurring financial charges: +€1,017
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 | €101,630 | €129,752 | +€28,122 | +27.7% |
| Fixed assets | 21/28 | €575 | €71,179 | +€70,604 | +12,279% |
| Tangible fixed assets | 22/27 | - | €70,604 | +€70,604 | |
| Other tangible fixed assets | 26 | - | €70,604 | +€70,604 | |
| Financial fixed assets | 28 | €575 | €575 | = | 0.0% |
| Current assets | 29/58 | €101,055 | €58,573 | -€42,482 | -42.0% |
| Amounts receivable within one year | 40/41 | €16,281 | €9,757 | -€6,523 | -40.1% |
| Trade receivables | 40 | €11,104 | €9,757 | -€1,347 | -12.1% |
| Other amounts receivable | 41 | €5,177 | - | -€5,177 | |
| Cash at bank and in hand | 54/58 | €84,638 | €48,816 | -€35,822 | -42.3% |
| Deferred charges and accrued income | 490/1 | €137 | - | -€137 | |
| Total equity and liabilities | 10/49 | €101,630 | €129,752 | +€28,122 | +27.7% |
| Equity | 10/15 | €25,146 | €60,676 | +€35,530 | +141% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,686 | €40,216 | +€35,530 | +758% |
| Amounts payable | 17/49 | €76,485 | €69,076 | -€7,409 | -9.7% |
| Amounts payable within one year | 42/48 | €76,485 | €69,076 | -€7,409 | -9.7% |
| Trade debts | 44 | €2,061 | €2,462 | +€401 | +19.4% |
| Suppliers | 440/4 | €2,061 | €2,462 | +€401 | +19.4% |
| Taxes, remuneration and social security | 45 | €25,423 | €24,816 | -€607 | -2.4% |
| Taxes | 450/3 | €25,423 | €24,816 | -€607 | -2.4% |
| Other amounts payable | 47/48 | €49,000 | €41,798 | -€7,202 | -14.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €17,651 | €37,113 | +€19,461 | +110% |
| Operating profit (loss) | 9901 | €17,264 | €36,713 | +€19,449 | +113% |
| Financial charges | 65/66B | €136 | €1,183 | +€1,046 | +767% |
| Recurring financial charges | 65 | €136 | €165 | +€29 | +21.3% |
| Non-recurring financial charges | 66B | - | €1,017 | +€1,017 | |
| Profit (loss) for the period before taxes | 9903 | €17,128 | €35,530 | +€18,403 | +107% |
| Income taxes | 67/77 | €4,196 | - | -€4,196 | |
| Profit (loss) for the period | 9904 | €12,932 | €35,530 | +€22,598 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €12,932 | €35,530 | +€22,598 | +175% |
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 25 October 2026 via checked.be.