B-VORM: what changed
What changed
B-VORM
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€32,536
2024 · €1,775-€34,310
Equity
€138,319
2024 · €170,854-€32,536
Cash
€1
2024 · €27,175-€27,175
Balance sheet total
€443,685
2024 · €623,930-€180,245
Largest movements
Assets
- Receivables after one year -€70,000
no longer reported in 2025 (was €70,000)
- Financial fixed assets -€35,000
down €35,000 (-87.8%), from €39,866 to €4,866
- Tangible fixed assets -€29,433
down €29,433 (-6.5%), from €453,158 to €423,725
of which Furniture and vehicles: -€16,813
- Cash -€27,175
down €27,175 (-100.0%), from €27,175 to €1
mainly Accrued charges and deferred income (-€97,018) and Debts after one year (-€39,636)
- Deferred charges and accrued income -€21,579
no longer reported in 2025 (was €21,579)
Equity and liabilities
- Accrued charges and deferred income -€97,018
down €97,018 (-91.1%), from €106,452 to €9,434
- Other debts +€42,342
up €42,342 (+194%), from €21,877 to €64,219
- Debts after one year -€39,636
down €39,636 (-18.6%), from €213,109 to €173,473
- Profit (loss) carried forward -€32,536
new in 2025: -€32,536
- Trade debts -€25,464
down €25,464 (-73.8%), from €34,501 to €9,037
Income statement
- Gross operating margin -€79,156
down €79,156 (-89.6%), from €88,384 to €9,228
- Staff costs -€41,985
down €41,985 (-70.2%), from €59,819 to €17,834
- Financial income -€10,837
down €10,837 (-83.5%), from €12,981 to €2,144
- Provisions -€7,875
down €7,875, from €563 to -€7,313
- Taxes -€2,264
down €2,264 (-92.8%), from €2,440 to €176
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,775
Gross operating margin
-€79,156
Staff costs
+€41,985
Depreciation
+€1,326
Provisions
+€7,875
Other operating charges
+€1,540
Other operating items
+€355
Financial income
-€10,837
Financial charges
+€337
Taxes
+€2,264
Result 2025
-€32,536
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€17,632
Investment
+€35,000
Financing
-€44,542
Cash 2024
€27,175
From operations (derived)
-€17,632
Net result for the year
-€32,536
Depreciation
+€29,433
Receivables after one year
+€70,000
Receivables within one year
-€2,941
Deferred charges and accrued income
+€21,579
Provisions
-€7,313
Trade debts
-€25,464
Tax, wage and social debts
-€15,715
Other debts
+€42,342
Accrued charges and deferred income
-€97,018
Investment (derived)
+€35,000
Investment in fixed assets (net)
+€35,000
Financing
-€44,542
Debts after one year
-€39,636
Current portion of long-term debt
-€8,482
Short-term financial debts
+€3,576
Cash 2025
€1
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €623,930 | €443,685 | -€180,245 | -28.9% |
| Fixed assets | 21/28 | €493,024 | €428,591 | -€64,433 | -13.1% |
| Tangible fixed assets | 22/27 | €453,158 | €423,725 | -€29,433 | -6.5% |
| Land and buildings | 22 | €413,910 | €403,716 | -€10,194 | -2.5% |
| Plant, machinery and equipment | 23 | €10,523 | €8,097 | -€2,427 | -23.1% |
| Furniture and vehicles | 24 | €27,970 | €11,157 | -€16,813 | -60.1% |
| Other tangible fixed assets | 26 | €755 | €755 | = | 0.0% |
| Financial fixed assets | 28 | €39,866 | €4,866 | -€35,000 | -87.8% |
| Current assets | 29/58 | €130,906 | €15,094 | -€115,812 | -88.5% |
| Amounts receivable after more than one year | 29 | €70,000 | - | -€70,000 | |
| Other amounts receivable | 291 | €70,000 | - | -€70,000 | |
| Amounts receivable within one year | 40/41 | €12,152 | €15,093 | +€2,941 | +24.2% |
| Trade receivables | 40 | €12,134 | €7,084 | -€5,051 | -41.6% |
| Other amounts receivable | 41 | €17 | €8,009 | +€7,992 | +45,851% |
| Cash at bank and in hand | 54/58 | €27,175 | €1 | -€27,175 | -100.0% |
| Deferred charges and accrued income | 490/1 | €21,579 | - | -€21,579 | |
| Total equity and liabilities | 10/49 | €623,930 | €443,685 | -€180,245 | -28.9% |
| Equity | 10/15 | €170,854 | €138,319 | -€32,536 | -19.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €120,854 | €120,854 | = | 0.0% |
| Distributable reserves | 133 | €120,854 | €120,854 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€32,536 | -€32,536 | |
| Provisions and deferred taxes | 16 | €10,688 | €3,375 | -€7,313 | -68.4% |
| Provisions for liabilities and charges | 160/5 | €10,688 | €3,375 | -€7,313 | -68.4% |
| Environmental obligations | 163 | €10,688 | €3,375 | -€7,313 | -68.4% |
| Amounts payable | 17/49 | €442,388 | €301,991 | -€140,397 | -31.7% |
| Amounts payable after more than one year | 17 | €213,109 | €173,473 | -€39,636 | -18.6% |
| Financial debts | 170/4 | €213,109 | €173,473 | -€39,636 | -18.6% |
| Amounts payable within one year | 42/48 | €122,827 | €119,083 | -€3,743 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €48,118 | €39,636 | -€8,482 | -17.6% |
| Financial debts | 43 | - | €3,576 | +€3,576 | |
| Credit institutions | 430/8 | - | €3,576 | +€3,576 | |
| Trade debts | 44 | €34,501 | €9,037 | -€25,464 | -73.8% |
| Suppliers | 440/4 | €34,501 | €9,037 | -€25,464 | -73.8% |
| Taxes, remuneration and social security | 45 | €18,330 | €2,616 | -€15,715 | -85.7% |
| Taxes | 450/3 | €3,808 | €2,616 | -€1,192 | -31.3% |
| Remuneration and social security | 454/9 | €14,522 | - | -€14,522 | |
| Other amounts payable | 47/48 | €21,877 | €64,219 | +€42,342 | +194% |
| Accrued charges and deferred income | 492/3 | €106,452 | €9,434 | -€97,018 | -91.1% |
| Non-recurring operating income | 76A | €10,874 | €43,519 | +€32,645 | +300% |
| Remuneration, social security and pensions | 62 | €59,819 | €17,834 | -€41,985 | -70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,759 | €29,433 | -€1,326 | -4.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €563 | -€7,313 | -€7,875 | |
| Other operating charges | 640/8 | €2,067 | €528 | -€1,540 | -74.5% |
| Non-recurring operating charges | 66A | €355 | - | -€355 | |
| Gross operating margin | 9900 | €88,384 | €9,228 | -€79,156 | -89.6% |
| Operating profit (loss) | 9901 | -€5,178 | -€31,254 | -€26,075 | -504% |
| Financial income | 75/76B | €12,981 | €2,144 | -€10,837 | -83.5% |
| Recurring financial income | 75 | €12,981 | €2,144 | -€10,837 | -83.5% |
| Financial charges | 65/66B | €3,587 | €3,250 | -€337 | -9.4% |
| Recurring financial charges | 65 | €3,587 | €3,250 | -€337 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €4,215 | -€32,360 | -€36,575 | |
| Income taxes | 67/77 | €2,440 | €176 | -€2,264 | -92.8% |
| Profit (loss) for the period | 9904 | €1,775 | -€32,536 | -€34,310 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,775 | -€32,536 | -€34,310 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.