B2W MANAGEMENT: 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.
B2W MANAGEMENT
Largest movements
- Receivables within one year +€39,594
up €39,594 (+175.1%), from €22,611 to €62,205
of which Trade receivables: +€39,594
- Cash +€16,846
up €16,846 (+13.1%), from €129,072 to €145,917
mainly Net result for the year (+€75,994) and Trade debts (+€65,244)
- Deferred charges and accrued income +€2,436
up €2,436 (+168.2%), from €1,448 to €3,884
- Trade debts +€65,244
up €65,244 (+3327.5%), from €1,961 to €67,205
- Other debts -€4,349
down €4,349 (-5.0%), from €86,631 to €82,283
- Gross operating margin +€34,414
up €34,414 (+50.7%), from €67,822 to €102,236
- Taxes +€6,774
up €6,774 (+49.1%), from €13,803 to €20,577
- Financial charges +€1,196
up €1,196 (+89.6%), from €1,334 to €2,530
of which Financial charges: +€1,196
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 | €155,861 | €214,758 | +€58,898 | +37.8% |
| Fixed assets | 21/28 | €2,731 | €2,752 | +€22 | +0.8% |
| Tangible fixed assets | 22/27 | €2,731 | €2,752 | +€22 | +0.8% |
| Plant, machinery and equipment | 23 | €1,096 | €925 | -€172 | -15.7% |
| Furniture and vehicles | 24 | €1,634 | €1,828 | +€194 | +11.8% |
| Current assets | 29/58 | €153,130 | €212,006 | +€58,876 | +38.4% |
| Amounts receivable within one year | 40/41 | €22,611 | €62,205 | +€39,594 | +175.1% |
| Trade receivables | 40 | €22,611 | €62,205 | +€39,594 | +175.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €129,072 | €145,917 | +€16,846 | +13.1% |
| Deferred charges and accrued income | 490/1 | €1,448 | €3,884 | +€2,436 | +168.2% |
| Total equity and liabilities | 10/49 | €155,861 | €214,758 | +€58,898 | +37.8% |
| Equity | 10/15 | €51,513 | €51,507 | -€6 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,053 | €31,047 | -€6 | 0.0% |
| Amounts payable | 17/49 | €104,348 | €163,251 | +€58,904 | +56.4% |
| Amounts payable within one year | 42/48 | €102,897 | €162,609 | +€59,712 | +58.0% |
| Trade debts | 44 | €1,961 | €67,205 | +€65,244 | +3327.5% |
| Suppliers | 440/4 | €1,961 | €67,205 | +€65,244 | +3327.5% |
| Taxes, remuneration and social security | 45 | €14,305 | €13,122 | -€1,183 | -8.3% |
| Taxes | 450/3 | €14,305 | €13,122 | -€1,183 | -8.3% |
| Other amounts payable | 47/48 | €86,631 | €82,283 | -€4,349 | -5.0% |
| Accrued charges and deferred income | 492/3 | €1,450 | €642 | -€808 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €773 | €1,027 | +€254 | +32.9% |
| Other operating charges | 640/8 | €1,658 | €2,653 | +€995 | +60.0% |
| Gross operating margin | 9900 | €67,822 | €102,236 | +€34,414 | +50.7% |
| Operating profit (loss) | 9901 | €65,391 | €98,555 | +€33,165 | +50.7% |
| Financial income | 75/76B | €546 | €546 | -€0 | 0.0% |
| Recurring financial income | 75 | €546 | €546 | -€0 | 0.0% |
| Financial charges | 65/66B | €1,334 | €2,530 | +€1,196 | +89.6% |
| Recurring financial charges | 65 | €1,334 | €2,530 | +€1,196 | +89.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €64,602 | €96,571 | +€31,969 | +49.5% |
| Income taxes | 67/77 | €13,803 | €20,577 | +€6,774 | +49.1% |
| Profit (loss) for the period | 9904 | €50,799 | €75,994 | +€25,195 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,799 | €75,994 | +€25,195 | +49.6% |
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 5 October 2026 via checked.be.