B22: 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.
B22
Largest movements
- Tangible fixed assets -€11,982
down €11,982 (-31.9%), from €37,593 to €25,611
of which Furniture and vehicles: -€11,845
- Other debts +€129,624
up €129,624 (+209.1%), from €61,983 to €191,608
- Reserves -€83,388
down €83,388 (-14.2%), from €587,681 to €504,294
of which Distributable reserves: -€83,388
- Contributions -€40,000
down €40,000 (-80.0%), from €50,000 to €10,000
- Tax, wage and social debts -€8,696
down €8,696 (-27.5%), from €31,644 to €22,949
of which Remuneration and social security: -€6,134
- Trade debts -€7,757
down €7,757 (-19.1%), from €40,698 to €32,941
- Gross operating margin -€29,270
down €29,270 (-12.4%), from €235,949 to €206,679
- Staff costs -€9,941
down €9,941 (-8.1%), from €123,477 to €113,535
- Taxes -€9,587
down €9,587 (-29.7%), from €32,307 to €22,720
- Financial income -€8,376
down €8,376 (-45.4%), from €18,452 to €10,076
- Other operating charges -€3,607
down €3,607 (-69.0%), from €5,227 to €1,620
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 | €774,621 | €761,791 | -€12,830 | -1.7% |
| Fixed assets | 21/28 | €39,930 | €27,948 | -€11,982 | -30.0% |
| Tangible fixed assets | 22/27 | €37,593 | €25,611 | -€11,982 | -31.9% |
| Plant, machinery and equipment | 23 | €1,469 | €1,332 | -€137 | -9.3% |
| Furniture and vehicles | 24 | €36,124 | €24,279 | -€11,845 | -32.8% |
| Financial fixed assets | 28 | €2,337 | €2,337 | = | 0.0% |
| Current assets | 29/58 | €734,691 | €733,842 | -€849 | -0.1% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €141,106 | €134,994 | -€6,112 | -4.3% |
| Trade receivables | 40 | €140,901 | €124,176 | -€16,724 | -11.9% |
| Other amounts receivable | 41 | €205 | €10,818 | +€10,612 | +5176.1% |
| Current investments | 50/53 | €517,169 | €523,763 | +€6,594 | +1.3% |
| Cash at bank and in hand | 54/58 | €70,182 | €66,151 | -€4,030 | -5.7% |
| Deferred charges and accrued income | 490/1 | €1,235 | €3,934 | +€2,699 | +218.6% |
| Total equity and liabilities | 10/49 | €774,621 | €761,791 | -€12,830 | -1.7% |
| Equity | 10/15 | €637,681 | €514,294 | -€123,388 | -19.3% |
| Contributions | 10/11 | €50,000 | €10,000 | -€40,000 | -80.0% |
| Reserves | 13 | €587,681 | €504,294 | -€83,388 | -14.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €587,681 | €504,294 | -€83,388 | -14.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €136,940 | €247,497 | +€110,558 | +80.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €136,940 | €247,497 | +€110,558 | +80.7% |
| Current portion of amounts payable after more than one year | 42 | €2,614 | €0 | -€2,614 | -100.0% |
| Trade debts | 44 | €40,698 | €32,941 | -€7,757 | -19.1% |
| Suppliers | 440/4 | €40,698 | €32,941 | -€7,757 | -19.1% |
| Taxes, remuneration and social security | 45 | €31,644 | €22,949 | -€8,696 | -27.5% |
| Taxes | 450/3 | €21,793 | €19,232 | -€2,561 | -11.8% |
| Remuneration and social security | 454/9 | €9,852 | €3,717 | -€6,134 | -62.3% |
| Other amounts payable | 47/48 | €61,983 | €191,608 | +€129,624 | +209.1% |
| Remuneration, social security and pensions | 62 | €123,477 | €113,535 | -€9,941 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,664 | €14,655 | -€8 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,855 | €0 | +€2,855 | |
| Other operating charges | 640/8 | €5,227 | €1,620 | -€3,607 | -69.0% |
| Non-recurring operating charges | 66A | €0 | €7,051 | +€7,051 | |
| Gross operating margin | 9900 | €235,949 | €206,679 | -€29,270 | -12.4% |
| Operating profit (loss) | 9901 | €95,436 | €69,817 | -€25,619 | -26.8% |
| Financial income | 75/76B | €18,452 | €10,076 | -€8,376 | -45.4% |
| Recurring financial income | 75 | €18,452 | €10,076 | -€8,376 | -45.4% |
| Financial charges | 65/66B | €1,060 | €485 | -€574 | -54.2% |
| Recurring financial charges | 65 | €1,060 | €485 | -€574 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €112,828 | €79,408 | -€33,420 | -29.6% |
| Income taxes | 67/77 | €32,307 | €22,720 | -€9,587 | -29.7% |
| Profit (loss) for the period | 9904 | €80,521 | €56,688 | -€23,833 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,521 | €56,688 | -€23,833 | -29.6% |
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 9 October 2026 via checked.be.