B&W_11: 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_11
Largest movements
- Tangible fixed assets -€25,206
down €25,206 (-23.1%), from €109,103 to €83,897
of which Furniture and vehicles: -€15,379
- Deferred charges and accrued income -€7,067
down €7,067 (-72.9%), from €9,700 to €2,632
- Cash +€6,919
up €6,919 (+28.3%), from €24,478 to €31,396
mainly Depreciation (+€25,206) and Trade debts (+€13,602)
- Other debts -€39,877
down €39,877 (-31.5%), from €126,543 to €86,665
- Trade debts +€13,602
up €13,602 (+117%), from €11,586 to €25,188
- Tax, wage and social debts +€11,983
up €11,983 (+58.8%), from €20,385 to €32,368
- Debts after one year -€11,815
down €11,815 (-100%), from €11,815 to €0
- Profit (loss) carried forward +€5,549
up €5,549 (+52.2%), from €10,631 to €16,179
- Gross operating margin -€6,026
down €6,026 (-12.6%), from €47,984 to €41,957
- Taxes +€5,051
up €5,051 (+188%), from €2,681 to €7,732
- Financial charges -€1,113
down €1,113 (-53.6%), from €2,076 to €963
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 | €206,265 | €180,275 | -€25,989 | -12.6% |
| Fixed assets | 21/28 | €109,103 | €83,897 | -€25,206 | -23.1% |
| Tangible fixed assets | 22/27 | €109,103 | €83,897 | -€25,206 | -23.1% |
| Plant, machinery and equipment | 23 | €3,749 | €2,431 | -€1,318 | -35.2% |
| Furniture and vehicles | 24 | €60,497 | €45,118 | -€15,379 | -25.4% |
| Other tangible fixed assets | 26 | €44,857 | €36,347 | -€8,509 | -19.0% |
| Current assets | 29/58 | €97,162 | €96,379 | -€783 | -0.8% |
| Amounts receivable within one year | 40/41 | €62,985 | €62,350 | -€635 | -1.0% |
| Trade receivables | 40 | €62,985 | €62,350 | -€635 | -1.0% |
| Cash at bank and in hand | 54/58 | €24,478 | €31,396 | +€6,919 | +28.3% |
| Deferred charges and accrued income | 490/1 | €9,700 | €2,632 | -€7,067 | -72.9% |
| Total equity and liabilities | 10/49 | €206,265 | €180,275 | -€25,989 | -12.6% |
| Equity | 10/15 | €18,691 | €24,239 | +€5,549 | +29.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,631 | €16,179 | +€5,549 | +52.2% |
| Amounts payable | 17/49 | €187,574 | €156,036 | -€31,538 | -16.8% |
| Amounts payable after more than one year | 17 | €11,815 | €0 | -€11,815 | -100% |
| Financial debts | 170/4 | €11,815 | €0 | -€11,815 | -100% |
| Amounts payable within one year | 42/48 | €175,759 | €156,036 | -€19,723 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €17,246 | €11,815 | -€5,431 | -31.5% |
| Trade debts | 44 | €11,586 | €25,188 | +€13,602 | +117% |
| Suppliers | 440/4 | €11,586 | €25,188 | +€13,602 | +117% |
| Taxes, remuneration and social security | 45 | €20,385 | €32,368 | +€11,983 | +58.8% |
| Taxes | 450/3 | €20,385 | €32,368 | +€11,983 | +58.8% |
| Other amounts payable | 47/48 | €126,543 | €86,665 | -€39,877 | -31.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €12,691 | €0 | -€12,691 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,210 | €25,206 | -€4 | 0.0% |
| Other operating charges | 640/8 | €2,529 | €2,507 | -€21 | -0.8% |
| Gross operating margin | 9900 | €47,984 | €41,957 | -€6,026 | -12.6% |
| Operating profit (loss) | 9901 | €20,244 | €14,244 | -€6,001 | -29.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,076 | €963 | -€1,113 | -53.6% |
| Recurring financial charges | 65 | €2,076 | €963 | -€1,113 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €18,169 | €13,281 | -€4,888 | -26.9% |
| Income taxes | 67/77 | €2,681 | €7,732 | +€5,051 | +188% |
| Profit (loss) for the period | 9904 | €15,488 | €5,549 | -€9,939 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,488 | €5,549 | -€9,939 | -64.2% |
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.