B2B Advisory: 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.
B2B Advisory
Largest movements
- Receivables within one year -€7,415
down €7,415 (-51.7%), from €14,356 to €6,941
of which Trade receivables: -€7,920
- Tangible fixed assets -€1,995
down €1,995 (-47.6%), from €4,190 to €2,195
of which Furniture and vehicles: -€1,544
- Cash -€1,762
down €1,762 (-24.1%), from €7,322 to €5,560
mainly Other debts (-€25,000) and Debts after one year (-€12,593)
- Other debts -€25,000
no longer reported in 2025 (was €25,000)
- Profit (loss) carried forward +€20,363
up €20,363, from -€5,555 to €14,808
- Debts after one year -€12,593
down €12,593 (-24.3%), from €51,824 to €39,231
- Tax, wage and social debts +€4,838
up €4,838 (+26.1%), from €18,561 to €23,399
- Gross operating margin +€19,270
up €19,270 (+161%), from €11,992 to €31,262
- Taxes +€3,446
up €3,446 (+109%), from €3,175 to €6,621
- Financial charges +€2,225
up €2,225 (+238%), from €936 to €3,161
- Depreciation -€1,873
down €1,873 (-67.4%), from €2,779 to €906
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 | €117,582 | €105,291 | -€12,291 | -10.5% |
| Fixed assets | 21/28 | €94,190 | €92,195 | -€1,995 | -2.1% |
| Tangible fixed assets | 22/27 | €4,190 | €2,195 | -€1,995 | -47.6% |
| Furniture and vehicles | 24 | €1,916 | €372 | -€1,544 | -80.6% |
| Other tangible fixed assets | 26 | €2,274 | €1,823 | -€451 | -19.8% |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €23,392 | €13,096 | -€10,296 | -44.0% |
| Amounts receivable within one year | 40/41 | €14,356 | €6,941 | -€7,415 | -51.7% |
| Trade receivables | 40 | €13,758 | €5,838 | -€7,920 | -57.6% |
| Other amounts receivable | 41 | €598 | €1,103 | +€505 | +84.4% |
| Current investments | 50/53 | €12 | €12 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,322 | €5,560 | -€1,762 | -24.1% |
| Deferred charges and accrued income | 490/1 | €1,702 | €583 | -€1,119 | -65.7% |
| Total equity and liabilities | 10/49 | €117,582 | €105,291 | -€12,291 | -10.5% |
| Equity | 10/15 | €6,884 | €27,247 | +€20,363 | +296% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €39 | €39 | = | 0.0% |
| Non-distributable reserves | 130/1 | €39 | €39 | = | 0.0% |
| Reserves not available under the articles | 1311 | €39 | €39 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,555 | €14,808 | +€20,363 | |
| Amounts payable | 17/49 | €110,698 | €78,044 | -€32,654 | -29.5% |
| Amounts payable after more than one year | 17 | €51,824 | €39,231 | -€12,593 | -24.3% |
| Financial debts | 170/4 | €51,824 | €39,231 | -€12,593 | -24.3% |
| Amounts payable within one year | 42/48 | €58,789 | €38,813 | -€19,976 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €12,179 | €12,593 | +€414 | +3.4% |
| Trade debts | 44 | €3,049 | €2,821 | -€228 | -7.5% |
| Suppliers | 440/4 | €3,049 | €2,821 | -€228 | -7.5% |
| Taxes, remuneration and social security | 45 | €18,561 | €23,399 | +€4,838 | +26.1% |
| Taxes | 450/3 | €18,561 | €23,399 | +€4,838 | +26.1% |
| Other amounts payable | 47/48 | €25,000 | - | -€25,000 | |
| Accrued charges and deferred income | 492/3 | €85 | - | -€85 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,779 | €906 | -€1,873 | -67.4% |
| Other operating charges | 640/8 | €437 | €267 | -€170 | -38.9% |
| Gross operating margin | 9900 | €11,992 | €31,262 | +€19,270 | +161% |
| Operating profit (loss) | 9901 | €8,776 | €30,089 | +€21,313 | +243% |
| Financial income | 75/76B | €115 | €56 | -€59 | -51.3% |
| Recurring financial income | 75 | €115 | €56 | -€59 | -51.3% |
| Financial charges | 65/66B | €936 | €3,161 | +€2,225 | +238% |
| Recurring financial charges | 65 | €936 | €3,161 | +€2,225 | +238% |
| Profit (loss) for the period before taxes | 9903 | €7,955 | €26,984 | +€19,029 | +239% |
| Income taxes | 67/77 | €3,175 | €6,621 | +€3,446 | +109% |
| Profit (loss) for the period | 9904 | €4,780 | €20,363 | +€15,583 | +326% |
| Profit (loss) for the period to be appropriated | 9905 | €4,780 | €20,363 | +€15,583 | +326% |
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 26 October 2026 via checked.be.