B2S: what changed
What changed
B2S
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€30,188
2024 · €27,794+€2,393
Equity
€214,349
2024 · €184,161+€30,188
Cash
€7,049
2024 · €8,627-€1,578
Balance sheet total
€1.1m
2024 · €1.1m-€24,841
Largest movements
Assets
- Tangible fixed assets -€28,724
down €28,724 (-2.6%), from €1.1m to €1.1m
of which Land and buildings: -€27,982
Equity and liabilities
- Debts after one year -€59,484
down €59,484 (-9.4%), from €632,254 to €572,770
- Profit (loss) carried forward +€30,188
up €30,188 (+26.4%), from -€114,439 to -€84,251
Income statement
- Gross operating margin +€2,465
up €2,465 (+2.8%), from €88,573 to €91,038
- Financial charges -€2,453
down €2,453 (-13.4%), from €18,364 to €15,911
- Depreciation +€1,398
up €1,398 (+3.8%), from €36,508 to €37,906
- Other operating charges +€1,125
up €1,125 (+19.1%), from €5,908 to €7,033
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€27,794
Gross operating margin
+€2,465
Depreciation
-€1,398
Other operating charges
-€1,125
Financial income
-€1
Financial charges
+€2,453
Result 2025
€30,188
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€64,993
Investment
-€9,182
Financing
-€57,389
Cash 2024
€8,627
From operations (derived)
+€64,993
Net result for the year
+€30,188
Depreciation
+€37,906
Deferred charges and accrued income
-€5,461
Other debts
+€2,380
Accrued charges and deferred income
-€20
Investment (derived)
-€9,182
Investment in fixed assets (net)
-€9,182
Financing
-€57,389
Debts after one year
-€59,484
Current portion of long-term debt
+€2,095
Cash 2025
€7,049
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,120,248 | €1,095,407 | -€24,841 | -2.2% |
| Fixed assets | 21/28 | €1,110,311 | €1,081,587 | -€28,724 | -2.6% |
| Tangible fixed assets | 22/27 | €1,110,311 | €1,081,587 | -€28,724 | -2.6% |
| Land and buildings | 22 | €1,108,826 | €1,080,844 | -€27,982 | -2.5% |
| Furniture and vehicles | 24 | €1,485 | €742 | -€742 | -50.0% |
| Current assets | 29/58 | €9,937 | €13,821 | +€3,884 | +39.1% |
| Cash at bank and in hand | 54/58 | €8,627 | €7,049 | -€1,578 | -18.3% |
| Deferred charges and accrued income | 490/1 | €1,310 | €6,771 | +€5,461 | +417% |
| Total equity and liabilities | 10/49 | €1,120,248 | €1,095,407 | -€24,841 | -2.2% |
| Equity | 10/15 | €184,161 | €214,349 | +€30,188 | +16.4% |
| Contributions | 10/11 | €298,600 | €298,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,439 | -€84,251 | +€30,188 | +26.4% |
| Amounts payable | 17/49 | €936,087 | €881,058 | -€55,029 | -5.9% |
| Amounts payable after more than one year | 17 | €632,254 | €572,770 | -€59,484 | -9.4% |
| Financial debts | 170/4 | €632,254 | €572,770 | -€59,484 | -9.4% |
| Amounts payable within one year | 42/48 | €297,663 | €302,138 | +€4,475 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €57,389 | €59,484 | +€2,095 | +3.7% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €240,274 | €242,654 | +€2,380 | +1.0% |
| Accrued charges and deferred income | 492/3 | €6,170 | €6,150 | -€20 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,508 | €37,906 | +€1,398 | +3.8% |
| Other operating charges | 640/8 | €5,908 | €7,033 | +€1,125 | +19.1% |
| Gross operating margin | 9900 | €88,573 | €91,038 | +€2,465 | +2.8% |
| Operating profit (loss) | 9901 | €46,157 | €46,098 | -€59 | -0.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €18,364 | €15,911 | -€2,453 | -13.4% |
| Recurring financial charges | 65 | €18,364 | €15,911 | -€2,453 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €27,794 | €30,188 | +€2,393 | +8.6% |
| Profit (loss) for the period | 9904 | €27,794 | €30,188 | +€2,393 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,794 | €30,188 | +€2,393 | +8.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.