B16: what changed
Two fiscal 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.
B16
Largest movements
- Current investments +€80,048
new in 2025: €80,048
- Cash -€63,555
down €63,555 (-29.6%), from €214,565 to €151,009
mainly Current investments (-€80,048) and Contributions, distributions and other (-€65,465)
- Receivables within one year -€5,351
down €5,351 (-37.2%), from €14,383 to €9,032
of which Trade receivables: -€3,521
- Other debts +€65,350
up €65,350 (+8051.1%), from €812 to €66,161
- Reserves -€43,548
down €43,548 (-25.5%), from €170,688 to €127,140
- Profit (loss) carried forward -€7,467
down €7,467 (-21.3%), from €35,000 to €27,533
- Tax, wage and social debts -€2,857
down €2,857 (-19.4%), from €14,710 to €11,853
of which Taxes: -€2,857
- Gross operating margin -€7,557
down €7,557 (-24.9%), from €30,364 to €22,806
- Taxes -€3,879
down €3,879 (-50.5%), from €7,675 to €3,796
- Depreciation +€1,722
up €1,722 (+74.5%), from €2,310 to €4,032
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 | €240,146 | €251,826 | +€11,680 | +4.9% |
| Fixed assets | 21/28 | €10,980 | €11,518 | +€538 | +4.9% |
| Tangible fixed assets | 22/27 | €10,980 | €11,518 | +€538 | +4.9% |
| Furniture and vehicles | 24 | €7,349 | €7,887 | +€538 | +7.3% |
| Other tangible fixed assets | 26 | €3,631 | €3,631 | = | 0.0% |
| Current assets | 29/58 | €229,166 | €240,308 | +€11,142 | +4.9% |
| Amounts receivable within one year | 40/41 | €14,383 | €9,032 | -€5,351 | -37.2% |
| Trade receivables | 40 | €9,053 | €5,532 | -€3,521 | -38.9% |
| Other amounts receivable | 41 | €5,330 | €3,500 | -€1,830 | -34.3% |
| Current investments | 50/53 | - | €80,048 | +€80,048 | |
| Cash at bank and in hand | 54/58 | €214,565 | €151,009 | -€63,555 | -29.6% |
| Deferred charges and accrued income | 490/1 | €219 | €219 | = | 0.0% |
| Total equity and liabilities | 10/49 | €240,146 | €251,826 | +€11,680 | +4.9% |
| Equity | 10/15 | €224,288 | €173,274 | -€51,014 | -22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,688 | €127,140 | -€43,548 | -25.5% |
| Distributable reserves | 133 | €170,688 | €127,140 | -€43,548 | -25.5% |
| Profit (loss) carried forward | 14 | €35,000 | €27,533 | -€7,467 | -21.3% |
| Amounts payable | 17/49 | €15,857 | €78,552 | +€62,694 | +395.4% |
| Amounts payable within one year | 42/48 | €15,857 | €78,552 | +€62,694 | +395.4% |
| Trade debts | 44 | €335 | €537 | +€202 | +60.2% |
| Suppliers | 440/4 | €335 | €537 | +€202 | +60.2% |
| Taxes, remuneration and social security | 45 | €14,710 | €11,853 | -€2,857 | -19.4% |
| Taxes | 450/3 | €11,970 | €9,113 | -€2,857 | -23.9% |
| Remuneration and social security | 454/9 | €2,740 | €2,740 | = | 0.0% |
| Other amounts payable | 47/48 | €812 | €66,161 | +€65,350 | +8051.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,310 | €4,032 | +€1,722 | +74.5% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €30,364 | €22,806 | -€7,557 | -24.9% |
| Operating profit (loss) | 9901 | €27,548 | €18,254 | -€9,294 | -33.7% |
| Financial income | 75/76B | €11 | €69 | +€58 | +525.5% |
| Recurring financial income | 75 | €11 | €69 | +€58 | +525.5% |
| Financial charges | 65/66B | €158 | €76 | -€82 | -51.8% |
| Recurring financial charges | 65 | €158 | €76 | -€82 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €27,401 | €18,247 | -€9,154 | -33.4% |
| Income taxes | 67/77 | €7,675 | €3,796 | -€3,879 | -50.5% |
| Profit (loss) for the period | 9904 | €19,726 | €14,451 | -€5,275 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,726 | €14,451 | -€5,275 | -26.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.