B2Holding: 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.
B2Holding
Largest movements
- Receivables within one year +€35,472
up €35,472 (+36.9%), from €96,061 to €131,533
of which Other amounts receivable: +€26,704
- Intangible fixed assets -€22,500
down €22,500 (-50.0%), from €45,000 to €22,500
- Debts after one year -€775,477
down €775,477 (-97.5%), from €795,753 to €20,276
- Other debts +€669,310
up €669,310 (+231%), from €290,359 to €959,669
- Current portion of long-term debt +€112,652
up €112,652 (+31.5%), from €358,038 to €470,689
- Trade debts +€26,734
up €26,734 (+76.0%), from €35,168 to €61,902
- Gross operating margin -€112,435
down €112,435 (-68.7%), from €163,741 to €51,306
- Taxes -€25,895
down €25,895 (-99.2%), from €26,094 to €198
- Depreciation -€11,190
down €11,190 (-29.1%), from €38,478 to €27,288
- Financial charges +€2,627
up €2,627 (+7.7%), from €34,124 to €36,751
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 | €2,120,326 | €2,137,274 | +€16,948 | +0.8% |
| Fixed assets | 21/28 | €2,015,981 | €2,000,948 | -€15,032 | -0.7% |
| Intangible fixed assets | 21 | €45,000 | €22,500 | -€22,500 | -50.0% |
| Tangible fixed assets | 22/27 | €20,981 | €28,448 | +€7,468 | +35.6% |
| Plant, machinery and equipment | 23 | €2,264 | €1,162 | -€1,102 | -48.7% |
| Furniture and vehicles | 24 | €18,717 | €27,286 | +€8,570 | +45.8% |
| Financial fixed assets | 28 | €1,950,000 | €1,950,000 | = | 0.0% |
| Current assets | 29/58 | €104,346 | €136,326 | +€31,980 | +30.6% |
| Amounts receivable within one year | 40/41 | €96,061 | €131,533 | +€35,472 | +36.9% |
| Trade receivables | 40 | €39,443 | €48,211 | +€8,768 | +22.2% |
| Other amounts receivable | 41 | €56,618 | €83,322 | +€26,704 | +47.2% |
| Cash at bank and in hand | 54/58 | €3,148 | €3,294 | +€146 | +4.6% |
| Deferred charges and accrued income | 490/1 | €5,136 | €1,499 | -€3,637 | -70.8% |
| Total equity and liabilities | 10/49 | €2,120,326 | €2,137,274 | +€16,948 | +0.8% |
| Equity | 10/15 | €406,927 | €392,658 | -€14,269 | -3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €388,327 | €374,058 | -€14,269 | -3.7% |
| Distributable reserves | 133 | €388,327 | €374,058 | -€14,269 | -3.7% |
| Amounts payable | 17/49 | €1,713,399 | €1,744,616 | +€31,217 | +1.8% |
| Amounts payable after more than one year | 17 | €795,753 | €20,276 | -€775,477 | -97.5% |
| Financial debts | 170/4 | €795,753 | €20,276 | -€775,477 | -97.5% |
| Amounts payable within one year | 42/48 | €917,169 | €1,706,623 | +€789,454 | +86.1% |
| Current portion of amounts payable after more than one year | 42 | €358,038 | €470,689 | +€112,652 | +31.5% |
| Financial debts | 43 | €212,384 | €204,787 | -€7,597 | -3.6% |
| Credit institutions | 430/8 | €212,384 | €204,787 | -€7,597 | -3.6% |
| Trade debts | 44 | €35,168 | €61,902 | +€26,734 | +76.0% |
| Suppliers | 440/4 | €35,168 | €61,902 | +€26,734 | +76.0% |
| Taxes, remuneration and social security | 45 | €21,220 | €9,575 | -€11,646 | -54.9% |
| Taxes | 450/3 | €21,220 | €9,575 | -€11,646 | -54.9% |
| Other amounts payable | 47/48 | €290,359 | €959,669 | +€669,310 | +231% |
| Accrued charges and deferred income | 492/3 | €477 | €17,717 | +€17,240 | +3,615% |
| Non-recurring operating income | 76A | €30,526 | €100 | -€30,426 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,478 | €27,288 | -€11,190 | -29.1% |
| Other operating charges | 640/8 | €3,232 | €2,241 | -€991 | -30.7% |
| Gross operating margin | 9900 | €163,741 | €51,306 | -€112,435 | -68.7% |
| Operating profit (loss) | 9901 | €122,030 | €21,777 | -€100,254 | -82.2% |
| Financial income | 75/76B | - | €904 | +€904 | |
| Recurring financial income | 75 | - | €904 | +€904 | |
| Financial charges | 65/66B | €34,124 | €36,751 | +€2,627 | +7.7% |
| Recurring financial charges | 65 | €34,124 | €36,751 | +€2,627 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €87,906 | -€14,071 | -€101,977 | |
| Income taxes | 67/77 | €26,094 | €198 | -€25,895 | -99.2% |
| Profit (loss) for the period | 9904 | €61,812 | -€14,269 | -€76,081 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,812 | -€14,269 | -€76,081 |
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 24 October 2026 via checked.be.