B2B GROUP: 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 GROUP
Largest movements
- Cash -€118,913
no longer reported in 2025 (was €118,913)
mainly Other debts (-€201,716) and Debts after one year (-€127,809)
- Tangible fixed assets -€46,145
down €46,145 (-3.3%), from €1.4m to €1.3m
of which Land and buildings: -€76,437
- Other debts -€201,716
down €201,716 (-100.0%), from €201,791 to €75
- Debts after one year -€127,809
down €127,809 (-11.6%), from €1.1m to €974,726
- Short-term financial debts +€119,398
new in 2025: €119,398
- Profit (loss) carried forward +€111,014
up €111,014 (+74.3%), from -€149,352 to -€38,338
- Tax, wage and social debts -€64,171
down €64,171 (-48.9%), from €131,331 to €67,159
of which Taxes: -€62,162
- Depreciation -€135,552
down €135,552 (-61.3%), from €221,266 to €85,713
- Gross operating margin -€96,705
down €96,705 (-25.4%), from €380,133 to €283,428
- Taxes -€63,065
down €63,065 (-99.2%), from €63,600 to €536
- Financial charges +€14,816
up €14,816 (+45.6%), from €32,509 to €47,325
- Other operating charges -€9,653
down €9,653 (-39.8%), from €24,270 to €14,617
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 | €1,505,058 | €1,337,052 | -€168,005 | -11.2% |
| Fixed assets | 21/28 | €1,382,531 | €1,336,386 | -€46,145 | -3.3% |
| Tangible fixed assets | 22/27 | €1,382,326 | €1,336,181 | -€46,145 | -3.3% |
| Land and buildings | 22 | €1,145,233 | €1,068,796 | -€76,437 | -6.7% |
| Furniture and vehicles | 24 | €24,128 | €47,100 | +€22,972 | +95.2% |
| Other tangible fixed assets | 26 | €212,964 | €220,285 | +€7,320 | +3.4% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €122,527 | €667 | -€121,861 | -99.5% |
| Amounts receivable within one year | 40/41 | €102 | €265 | +€163 | +160% |
| Other amounts receivable | 41 | €102 | €265 | +€163 | +160% |
| Cash at bank and in hand | 54/58 | €118,913 | - | -€118,913 | |
| Deferred charges and accrued income | 490/1 | €3,512 | €401 | -€3,111 | -88.6% |
| Total equity and liabilities | 10/49 | €1,505,058 | €1,337,052 | -€168,005 | -11.2% |
| Equity | 10/15 | -€84,352 | €26,662 | +€111,014 | |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,352 | -€38,338 | +€111,014 | +74.3% |
| Amounts payable | 17/49 | €1,589,410 | €1,310,390 | -€279,020 | -17.6% |
| Amounts payable after more than one year | 17 | €1,102,535 | €974,726 | -€127,809 | -11.6% |
| Financial debts | 170/4 | €1,102,535 | €974,726 | -€127,809 | -11.6% |
| Amounts payable within one year | 42/48 | €486,874 | €335,664 | -€151,210 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €132,537 | €127,809 | -€4,728 | -3.6% |
| Financial debts | 43 | - | €119,398 | +€119,398 | |
| Credit institutions | 430/8 | - | €119,398 | +€119,398 | |
| Trade debts | 44 | €21,216 | €21,222 | +€6 | 0.0% |
| Suppliers | 440/4 | €21,216 | €21,222 | +€6 | 0.0% |
| Taxes, remuneration and social security | 45 | €131,331 | €67,159 | -€64,171 | -48.9% |
| Taxes | 450/3 | €129,321 | €67,159 | -€62,162 | -48.1% |
| Remuneration and social security | 454/9 | €2,010 | - | -€2,010 | |
| Other amounts payable | 47/48 | €201,791 | €75 | -€201,716 | -100.0% |
| Remuneration, social security and pensions | 62 | €24,134 | €24,353 | +€219 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221,266 | €85,713 | -€135,552 | -61.3% |
| Other operating charges | 640/8 | €24,270 | €14,617 | -€9,653 | -39.8% |
| Gross operating margin | 9900 | €380,133 | €283,428 | -€96,705 | -25.4% |
| Operating profit (loss) | 9901 | €110,464 | €158,746 | +€48,281 | +43.7% |
| Financial income | 75/76B | €5,536 | €129 | -€5,407 | -97.7% |
| Recurring financial income | 75 | €5,536 | €129 | -€5,407 | -97.7% |
| Financial charges | 65/66B | €32,509 | €47,325 | +€14,816 | +45.6% |
| Recurring financial charges | 65 | €32,509 | €47,325 | +€14,816 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €83,491 | €111,550 | +€28,059 | +33.6% |
| Income taxes | 67/77 | €63,600 | €536 | -€63,065 | -99.2% |
| Profit (loss) for the period | 9904 | €19,891 | €111,014 | +€91,123 | +458% |
| Profit (loss) for the period to be appropriated | 9905 | €19,891 | €111,014 | +€91,123 | +458% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.