B2M Invest: 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.
B2M Invest
Largest movements
- Tangible fixed assets +€158,227
up €158,227 (+1,771%), from €8,936 to €167,163
of which Land and buildings: +€163,271
- Cash +€40,596
up €40,596 (+94.0%), from €43,210 to €83,806
mainly Other debts (+€190,774) and Net result for the year (+€70,925)
- Receivables within one year +€34,489
up €34,489 (+234%), from €14,768 to €49,257
of which Other amounts receivable: +€30,774
- Other debts +€190,774
up €190,774 (+8,560%), from €2,229 to €193,003
- Reserves +€36,000
up €36,000 (+27.6%), from €130,200 to €166,200
- Profit (loss) carried forward +€34,925
new in 2025: €34,925
- Current portion of long-term debt -€23,925
down €23,925 (-41.9%), from €57,126 to €33,201
- Gross operating margin +€24,373
up €24,373 (+65.3%), from €37,318 to €61,692
- Other operating charges +€19,892
up €19,892 (+5,884%), from €338 to €20,230
- Depreciation +€6,480
up €6,480 (+107%), from €6,080 to €12,560
- Taxes -€2,640
down €2,640 (-20.9%), from €12,637 to €9,997
- Financial income -€2,282
down €2,282 (-3.6%), from €63,829 to €61,548
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 | €620,515 | €853,636 | +€233,121 | +37.6% |
| Formation expenses | 20 | €4,772 | €3,258 | -€1,514 | -31.7% |
| Fixed assets | 21/28 | €557,469 | €715,946 | +€158,477 | +28.4% |
| Tangible fixed assets | 22/27 | €8,936 | €167,163 | +€158,227 | +1,771% |
| Land and buildings | 22 | - | €163,271 | +€163,271 | |
| Plant, machinery and equipment | 23 | €722 | €336 | -€386 | -53.4% |
| Furniture and vehicles | 24 | €8,214 | €3,556 | -€4,658 | -56.7% |
| Financial fixed assets | 28 | €548,533 | €548,783 | +€250 | 0.0% |
| Current assets | 29/58 | €58,274 | €134,432 | +€76,158 | +131% |
| Amounts receivable within one year | 40/41 | €14,768 | €49,257 | +€34,489 | +234% |
| Trade receivables | 40 | €14,768 | €18,483 | +€3,715 | +25.2% |
| Other amounts receivable | 41 | - | €30,774 | +€30,774 | |
| Cash at bank and in hand | 54/58 | €43,210 | €83,806 | +€40,596 | +94.0% |
| Deferred charges and accrued income | 490/1 | €297 | €1,369 | +€1,073 | +362% |
| Total equity and liabilities | 10/49 | €620,515 | €853,636 | +€233,121 | +37.6% |
| Equity | 10/15 | €313,534 | €384,458 | +€70,925 | +22.6% |
| Contributions | 10/11 | €183,333 | €183,333 | = | 0.0% |
| Reserves | 13 | €130,200 | €166,200 | +€36,000 | +27.6% |
| Distributable reserves | 133 | €130,200 | €166,200 | +€36,000 | +27.6% |
| Profit (loss) carried forward | 14 | - | €34,925 | +€34,925 | |
| Amounts payable | 17/49 | €306,982 | €469,177 | +€162,196 | +52.8% |
| Amounts payable after more than one year | 17 | €212,255 | €204,743 | -€7,512 | -3.5% |
| Financial debts | 170/4 | €212,255 | €204,743 | -€7,512 | -3.5% |
| Amounts payable within one year | 42/48 | €89,738 | €261,940 | +€172,202 | +192% |
| Current portion of amounts payable after more than one year | 42 | €57,126 | €33,201 | -€23,925 | -41.9% |
| Trade debts | 44 | €1,813 | €4,218 | +€2,405 | +133% |
| Suppliers | 440/4 | €1,813 | €4,218 | +€2,405 | +133% |
| Taxes, remuneration and social security | 45 | €28,570 | €31,519 | +€2,948 | +10.3% |
| Taxes | 450/3 | €28,570 | €31,519 | +€2,948 | +10.3% |
| Other amounts payable | 47/48 | €2,229 | €193,003 | +€190,774 | +8,560% |
| Accrued charges and deferred income | 492/3 | €4,989 | €2,495 | -€2,495 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,080 | €12,560 | +€6,480 | +107% |
| Other operating charges | 640/8 | €338 | €20,230 | +€19,892 | +5,884% |
| Gross operating margin | 9900 | €37,318 | €61,692 | +€24,373 | +65.3% |
| Operating profit (loss) | 9901 | €30,900 | €28,902 | -€1,999 | -6.5% |
| Financial income | 75/76B | €63,829 | €61,548 | -€2,282 | -3.6% |
| Recurring financial income | 75 | €63,829 | €61,548 | -€2,282 | -3.6% |
| Financial charges | 65/66B | €11,438 | €9,527 | -€1,911 | -16.7% |
| Recurring financial charges | 65 | €11,438 | €9,527 | -€1,911 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €83,291 | €80,922 | -€2,369 | -2.8% |
| Income taxes | 67/77 | €12,637 | €9,997 | -€2,640 | -20.9% |
| Profit (loss) for the period | 9904 | €70,654 | €70,925 | +€271 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,654 | €70,925 | +€271 | +0.4% |
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 30 October 2026 via checked.be.