B2B LEARNING: 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 LEARNING
Largest movements
- Deferred charges and accrued income -€50,811
down €50,811 (-76.2%), from €66,699 to €15,888
- Cash +€50,616
up €50,616 (+59.3%), from €85,349 to €135,965
mainly Deferred charges and accrued income (+€50,811) and Net result for the year (+€41,124)
- Receivables within one year +€40,716
up €40,716 (+27.4%), from €148,396 to €189,112
of which Trade receivables: +€40,455
- Intangible fixed assets +€18,799
new in 2025: €18,799
- Other debts +€39,004
up €39,004 (+2735.2%), from €1,426 to €40,430
- Accrued charges and deferred income -€13,575
down €13,575 (-28.9%), from €46,973 to €33,398
- Trade debts +€13,091
up €13,091 (+14.0%), from €93,675 to €106,766
- Debts after one year +€8,649
new in 2025: €8,649
- Tax, wage and social debts +€5,931
up €5,931 (+6.1%), from €97,813 to €103,744
of which Taxes: +€4,843
- Gross operating margin +€63,974
up €63,974 (+68.5%), from €93,388 to €157,362
- Taxes +€11,467
up €11,467 (+337.7%), from €3,396 to €14,863
- Depreciation +€5,191
up €5,191 (+229.7%), from €2,260 to €7,451
- Financial charges +€4,675
up €4,675 (+84.5%), from €5,530 to €10,205
- Staff costs +€2,894
up €2,894 (+3.8%), from €76,732 to €79,626
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 | €308,239 | €367,690 | +€59,451 | +19.3% |
| Fixed assets | 21/28 | €7,795 | €26,725 | +€18,930 | +242.8% |
| Intangible fixed assets | 21 | - | €18,799 | +€18,799 | |
| Tangible fixed assets | 22/27 | €7,795 | €7,926 | +€131 | +1.7% |
| Furniture and vehicles | 24 | €1,074 | €3,103 | +€2,029 | +188.9% |
| Other tangible fixed assets | 26 | €6,721 | €4,823 | -€1,898 | -28.2% |
| Current assets | 29/58 | €300,444 | €340,965 | +€40,521 | +13.5% |
| Amounts receivable within one year | 40/41 | €148,396 | €189,112 | +€40,716 | +27.4% |
| Trade receivables | 40 | €147,487 | €187,942 | +€40,455 | +27.4% |
| Other amounts receivable | 41 | €909 | €1,170 | +€261 | +28.7% |
| Cash at bank and in hand | 54/58 | €85,349 | €135,965 | +€50,616 | +59.3% |
| Deferred charges and accrued income | 490/1 | €66,699 | €15,888 | -€50,811 | -76.2% |
| Total equity and liabilities | 10/49 | €308,239 | €367,690 | +€59,451 | +19.3% |
| Equity | 10/15 | €68,352 | €69,476 | +€1,124 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,892 | €49,016 | +€1,124 | +2.3% |
| Amounts payable | 17/49 | €239,887 | €298,214 | +€58,327 | +24.3% |
| Amounts payable after more than one year | 17 | - | €8,649 | +€8,649 | |
| Financial debts | 170/4 | - | €8,649 | +€8,649 | |
| Amounts payable within one year | 42/48 | €192,914 | €256,167 | +€63,253 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,227 | +€5,227 | |
| Trade debts | 44 | €93,675 | €106,766 | +€13,091 | +14.0% |
| Suppliers | 440/4 | €93,675 | €106,766 | +€13,091 | +14.0% |
| Taxes, remuneration and social security | 45 | €97,813 | €103,744 | +€5,931 | +6.1% |
| Taxes | 450/3 | €83,662 | €88,505 | +€4,843 | +5.8% |
| Remuneration and social security | 454/9 | €14,151 | €15,239 | +€1,088 | +7.7% |
| Other amounts payable | 47/48 | €1,426 | €40,430 | +€39,004 | +2735.2% |
| Accrued charges and deferred income | 492/3 | €46,973 | €33,398 | -€13,575 | -28.9% |
| Turnover | 70 | €19 | - | -€19 | |
| Non-recurring operating income | 76A | €1,050 | €3,035 | +€1,985 | +189.0% |
| Remuneration, social security and pensions | 62 | €76,732 | €79,626 | +€2,894 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,260 | €7,451 | +€5,191 | +229.7% |
| Other operating charges | 640/8 | €5 | €142 | +€137 | +2740.0% |
| Non-recurring operating charges | 66A | - | €4,144 | +€4,144 | |
| Gross operating margin | 9900 | €93,388 | €157,362 | +€63,974 | +68.5% |
| Operating profit (loss) | 9901 | €14,391 | €65,999 | +€51,608 | +358.6% |
| Financial income | 75/76B | €19 | €193 | +€174 | +915.8% |
| Recurring financial income | 75 | €19 | €193 | +€174 | +915.8% |
| Financial charges | 65/66B | €5,530 | €10,205 | +€4,675 | +84.5% |
| Recurring financial charges | 65 | €5,530 | €10,205 | +€4,675 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | €8,880 | €55,987 | +€47,107 | +530.5% |
| Income taxes | 67/77 | €3,396 | €14,863 | +€11,467 | +337.7% |
| Profit (loss) for the period | 9904 | €5,484 | €41,124 | +€35,640 | +649.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,484 | €41,124 | +€35,640 | +649.9% |
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 2 October 2026 via checked.be.