B & W: 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 & W
Largest movements
- Tangible fixed assets -€22,534
down €22,534 (-5.9%), from €384,794 to €362,260
of which Land and buildings: -€21,826
- Debts after one year -€17,426
down €17,426 (-4.8%), from €362,041 to €344,615
- Profit (loss) carried forward -€14,342
down €14,342 (-6.5%), from -€221,912 to -€236,254
- Other debts +€10,000
up €10,000 (+12.5%), from €80,200 to €90,200
- Financial charges -€1,787
down €1,787 (-15.6%), from €11,492 to €9,704
- Gross operating margin -€768
down €768 (-3.7%), from €20,943 to €20,175
- Depreciation -€405
down €405 (-1.8%), from €22,940 to €22,534
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 | €386,242 | €363,605 | -€22,636 | -5.9% |
| Fixed assets | 21/28 | €384,794 | €362,260 | -€22,534 | -5.9% |
| Tangible fixed assets | 22/27 | €384,794 | €362,260 | -€22,534 | -5.9% |
| Land and buildings | 22 | €383,927 | €362,101 | -€21,826 | -5.7% |
| Plant, machinery and equipment | 23 | €867 | €158 | -€708 | -81.7% |
| Current assets | 29/58 | €1,448 | €1,346 | -€102 | -7.0% |
| Cash at bank and in hand | 54/58 | €397 | €232 | -€166 | -41.7% |
| Deferred charges and accrued income | 490/1 | €1,050 | €1,114 | +€64 | +6.1% |
| Total equity and liabilities | 10/49 | €386,242 | €363,605 | -€22,636 | -5.9% |
| Equity | 10/15 | -€83,312 | -€97,654 | -€14,342 | -17.2% |
| Contributions | 10/11 | €138,600 | €138,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€221,912 | -€236,254 | -€14,342 | -6.5% |
| Amounts payable | 17/49 | €469,554 | €461,260 | -€8,295 | -1.8% |
| Amounts payable after more than one year | 17 | €362,041 | €344,615 | -€17,426 | -4.8% |
| Financial debts | 170/4 | €362,041 | €344,615 | -€17,426 | -4.8% |
| Amounts payable within one year | 42/48 | €107,514 | €116,645 | +€9,131 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €16,932 | €17,426 | +€494 | +2.9% |
| Trade debts | 44 | €10,382 | €9,019 | -€1,363 | -13.1% |
| Suppliers | 440/4 | €10,382 | €9,019 | -€1,363 | -13.1% |
| Other amounts payable | 47/48 | €80,200 | €90,200 | +€10,000 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,940 | €22,534 | -€405 | -1.8% |
| Other operating charges | 640/8 | €2,444 | €2,278 | -€166 | -6.8% |
| Gross operating margin | 9900 | €20,943 | €20,175 | -€768 | -3.7% |
| Operating profit (loss) | 9901 | -€4,441 | -€4,638 | -€196 | -4.4% |
| Financial charges | 65/66B | €11,492 | €9,704 | -€1,787 | -15.6% |
| Recurring financial charges | 65 | €11,492 | €9,704 | -€1,787 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,933 | -€14,342 | +€1,591 | +10.0% |
| Profit (loss) for the period | 9904 | -€15,933 | -€14,342 | +€1,591 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,933 | -€14,342 | +€1,591 | +10.0% |
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.