B2B: 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.
B2B
Largest movements
- Receivables after one year -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Tangible fixed assets -€18,099
down €18,099 (-9.1%), from €198,277 to €180,178
of which Land and buildings: -€30,264
- Cash -€10,382
down €10,382 (-37.2%), from €27,883 to €17,501
mainly Other debts (-€40,481) and Investment in fixed assets (net) (-€39,893)
- Receivables within one year +€7,772
up €7,772 (+15.9%), from €48,914 to €56,686
of which Trade receivables: +€8,851
- Other debts -€40,481
down €40,481 (-89.0%), from €45,467 to €4,987
- Reserves -€20,869
down €20,869 (-16.6%), from €125,835 to €104,966
of which Distributable reserves: -€14,960
- Trade debts -€6,013
down €6,013 (-66.1%), from €9,091 to €3,077
- Gross operating margin -€7,109
down €7,109 (-9.6%), from €74,047 to €66,938
- Depreciation -€1,672
down €1,672 (-2.8%), from €59,665 to €57,993
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 | €329,647 | €255,873 | -€73,774 | -22.4% |
| Fixed assets | 21/28 | €198,277 | €180,178 | -€18,099 | -9.1% |
| Tangible fixed assets | 22/27 | €198,277 | €180,178 | -€18,099 | -9.1% |
| Land and buildings | 22 | €148,346 | €118,082 | -€30,264 | -20.4% |
| Plant, machinery and equipment | 23 | €20,665 | €19,690 | -€975 | -4.7% |
| Furniture and vehicles | 24 | €20,716 | €33,856 | +€13,140 | +63.4% |
| Other tangible fixed assets | 26 | €8,550 | €8,550 | = | 0.0% |
| Current assets | 29/58 | €131,369 | €75,695 | -€55,675 | -42.4% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100.0% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €48,914 | €56,686 | +€7,772 | +15.9% |
| Trade receivables | 40 | €47,467 | €56,318 | +€8,851 | +18.6% |
| Other amounts receivable | 41 | €1,447 | €368 | -€1,079 | -74.6% |
| Cash at bank and in hand | 54/58 | €27,883 | €17,501 | -€10,382 | -37.2% |
| Deferred charges and accrued income | 490/1 | €4,572 | €1,508 | -€3,064 | -67.0% |
| Total equity and liabilities | 10/49 | €329,647 | €255,873 | -€73,774 | -22.4% |
| Equity | 10/15 | €255,041 | €234,172 | -€20,869 | -8.2% |
| Contributions | 10/11 | €112,400 | €112,400 | = | 0.0% |
| Reserves | 13 | €125,835 | €104,966 | -€20,869 | -16.6% |
| Non-distributable reserves | 130/1 | €5,910 | €0 | -€5,910 | -100.0% |
| Reserves not available under the articles | 1311 | €5,910 | €0 | -€5,910 | -100.0% |
| Distributable reserves | 133 | €119,926 | €104,966 | -€14,960 | -12.5% |
| Profit (loss) carried forward | 14 | €16,806 | €16,806 | = | 0.0% |
| Amounts payable | 17/49 | €74,606 | €21,701 | -€52,905 | -70.9% |
| Amounts payable after more than one year | 17 | €2,731 | €0 | -€2,731 | -100.0% |
| Financial debts | 170/4 | €2,731 | €0 | -€2,731 | -100.0% |
| Amounts payable within one year | 42/48 | €71,875 | €21,701 | -€50,173 | -69.8% |
| Current portion of amounts payable after more than one year | 42 | €4,965 | €2,669 | -€2,296 | -46.2% |
| Trade debts | 44 | €9,091 | €3,077 | -€6,013 | -66.1% |
| Suppliers | 440/4 | €9,091 | €3,077 | -€6,013 | -66.1% |
| Taxes, remuneration and social security | 45 | €12,352 | €10,969 | -€1,383 | -11.2% |
| Taxes | 450/3 | €12,352 | €10,969 | -€1,383 | -11.2% |
| Other amounts payable | 47/48 | €45,467 | €4,987 | -€40,481 | -89.0% |
| Non-recurring operating income | 76A | - | €11,967 | +€11,967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,665 | €57,993 | -€1,672 | -2.8% |
| Other operating charges | 640/8 | €4,377 | €4,842 | +€465 | +10.6% |
| Gross operating margin | 9900 | €74,047 | €66,938 | -€7,109 | -9.6% |
| Operating profit (loss) | 9901 | €10,005 | €4,104 | -€5,902 | -59.0% |
| Financial income | 75/76B | €25 | €112 | +€87 | +350.8% |
| Recurring financial income | 75 | €25 | €112 | +€87 | +350.8% |
| Financial charges | 65/66B | €552 | €422 | -€130 | -23.6% |
| Recurring financial charges | 65 | €552 | €422 | -€130 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €9,478 | €3,793 | -€5,684 | -60.0% |
| Income taxes | 67/77 | €2,891 | €2,365 | -€526 | -18.2% |
| Profit (loss) for the period | 9904 | €6,587 | €1,428 | -€5,159 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,587 | €1,428 | -€5,159 | -78.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.