B2N: 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.
B2N
Largest movements
- Stocks and contracts -€525,774
down €525,774 (-99.1%), from €530,774 to €5,000
- Tangible fixed assets +€363,191
up €363,191 (+24745.1%), from €1,468 to €364,659
of which Land and buildings: +€363,999
- Cash +€117,351
up €117,351 (+1232678.9%), from €10 to €117,361
mainly Stocks and contracts (+€525,774) and Debts after one year (+€130,569)
- Receivables within one year +€22,012
up €22,012 (+88.4%), from €24,912 to €46,924
of which Other amounts receivable: +€37,080
- Debts after one year +€130,569
up €130,569 (+35.1%), from €371,765 to €502,334
of which Financial debts: +€157,584
- Profit (loss) carried forward -€76,944
new in 2025: -€76,944
- Trade debts -€51,084
down €51,084 (-65.6%), from €77,929 to €26,844
- Short-term financial debts -€16,246
no longer reported in 2025 (was €16,246)
- Other operating charges +€90,996
up €90,996 (+44825.7%), from €203 to €91,199
- Financial charges +€20,524
up €20,524 (+194.5%), from €10,550 to €31,074
- Taxes -€17,735
no longer reported in 2025 (was €17,735)
- Staff costs +€9,984
up €9,984 (+5099.1%), from €196 to €10,180
- Depreciation +€9,118
up €9,118 (+543.9%), from €1,676 to €10,794
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 | €557,163 | €533,943 | -€23,220 | -4.2% |
| Fixed assets | 21/28 | €1,468 | €364,659 | +€363,191 | +24745.1% |
| Tangible fixed assets | 22/27 | €1,468 | €364,659 | +€363,191 | +24745.1% |
| Land and buildings | 22 | - | €363,999 | +€363,999 | |
| Plant, machinery and equipment | 23 | €1,468 | €659 | -€809 | -55.1% |
| Current assets | 29/58 | €555,696 | €169,285 | -€386,411 | -69.5% |
| Stocks and contracts in progress | 3 | €530,774 | €5,000 | -€525,774 | -99.1% |
| Stocks | 30/36 | €530,774 | €5,000 | -€525,774 | -99.1% |
| Amounts receivable within one year | 40/41 | €24,912 | €46,924 | +€22,012 | +88.4% |
| Trade receivables | 40 | €24,818 | €9,750 | -€15,068 | -60.7% |
| Other amounts receivable | 41 | €95 | €37,174 | +€37,080 | +39237.9% |
| Cash at bank and in hand | 54/58 | €10 | €117,361 | +€117,351 | +1232678.9% |
| Total equity and liabilities | 10/49 | €557,163 | €533,943 | -€23,220 | -4.2% |
| Equity | 10/15 | €62,876 | -€14,068 | -€76,944 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €56,876 | €56,876 | = | 0.0% |
| Distributable reserves | 133 | €56,876 | €56,876 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€76,944 | -€76,944 | |
| Amounts payable | 17/49 | €494,287 | €548,012 | +€53,724 | +10.9% |
| Amounts payable after more than one year | 17 | €371,765 | €502,334 | +€130,569 | +35.1% |
| Financial debts | 170/4 | €344,750 | €502,334 | +€157,584 | +45.7% |
| Other amounts payable | 178/9 | €27,015 | - | -€27,015 | |
| Amounts payable within one year | 42/48 | €122,522 | €45,678 | -€76,844 | -62.7% |
| Current portion of amounts payable after more than one year | 42 | €11,270 | €5,745 | -€5,525 | -49.0% |
| Financial debts | 43 | €16,246 | - | -€16,246 | |
| Credit institutions | 430/8 | €16,246 | - | -€16,246 | |
| Trade debts | 44 | €77,929 | €26,844 | -€51,084 | -65.6% |
| Suppliers | 440/4 | €77,929 | €26,844 | -€51,084 | -65.6% |
| Taxes, remuneration and social security | 45 | €17,077 | €13,088 | -€3,989 | -23.4% |
| Taxes | 450/3 | €14,577 | €13,088 | -€1,489 | -10.2% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Remuneration, social security and pensions | 62 | €196 | €10,180 | +€9,984 | +5099.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,676 | €10,794 | +€9,118 | +543.9% |
| Other operating charges | 640/8 | €203 | €91,199 | +€90,996 | +44825.7% |
| Gross operating margin | 9900 | €67,225 | €65,249 | -€1,975 | -2.9% |
| Operating profit (loss) | 9901 | €65,149 | -€46,924 | -€112,073 | |
| Financial income | 75/76B | €40 | €1,053 | +€1,013 | +2540.6% |
| Recurring financial income | 75 | €40 | €1,053 | +€1,013 | +2540.6% |
| Financial charges | 65/66B | €10,550 | €31,074 | +€20,524 | +194.5% |
| Recurring financial charges | 65 | €10,550 | €31,074 | +€20,524 | +194.5% |
| Profit (loss) for the period before taxes | 9903 | €54,640 | -€76,944 | -€131,584 | |
| Income taxes | 67/77 | €17,735 | - | -€17,735 | |
| Profit (loss) for the period | 9904 | €36,905 | -€76,944 | -€113,849 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,905 | -€76,944 | -€113,849 |
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 10 October 2026 via checked.be.