B2WIN: 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.
B2WIN
Largest movements
- Receivables within one year +€43,268
up €43,268 (+93.9%), from €46,085 to €89,353
of which Trade receivables: +€49,196
- Cash -€27,137
down €27,137 (-71.3%), from €38,083 to €10,946
mainly Receivables within one year (-€43,268) and Debts after one year (-€18,660)
- Stocks and contracts -€9,813
down €9,813 (-95.2%), from €10,313 to €500
- Tangible fixed assets -€1,513
down €1,513 (-24.1%), from €6,277 to €4,764
of which Furniture and vehicles: -€1,058
- Deferred charges and accrued income -€1,488
no longer reported in 2025 (was €1,488)
- Trade debts +€52,375
up €52,375 (+482.7%), from €10,850 to €63,225
- Debts after one year -€18,660
no longer reported in 2025 (was €18,660)
- Current portion of long-term debt -€13,245
no longer reported in 2025 (was €13,245)
- Profit (loss) carried forward -€9,587
down €9,587 (-20.7%), from €46,422 to €36,835
- Tax, wage and social debts -€7,566
down €7,566 (-72.3%), from €10,469 to €2,903
of which Remuneration and social security: -€4,842
- Gross operating margin -€33,598
down €33,598 (-72.5%), from €46,349 to €12,751
- Staff costs -€24,830
down €24,830 (-59.5%), from €41,744 to €16,914
- Financial charges -€3,989
down €3,989 (-53.9%), from €7,396 to €3,407
- Financial income +€879
new in 2025: €879
- Taxes -€692
down €692 (-87.4%), from €792 to €100
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 | €102,645 | €105,963 | +€3,318 | +3.2% |
| Fixed assets | 21/28 | €6,677 | €5,164 | -€1,513 | -22.7% |
| Tangible fixed assets | 22/27 | €6,277 | €4,764 | -€1,513 | -24.1% |
| Furniture and vehicles | 24 | €2,489 | €1,431 | -€1,058 | -42.5% |
| Other tangible fixed assets | 26 | €3,787 | €3,333 | -€454 | -12.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €95,968 | €100,799 | +€4,831 | +5.0% |
| Stocks and contracts in progress | 3 | €10,313 | €500 | -€9,813 | -95.2% |
| Stocks | 30/36 | €10,313 | €500 | -€9,813 | -95.2% |
| Amounts receivable within one year | 40/41 | €46,085 | €89,353 | +€43,268 | +93.9% |
| Trade receivables | 40 | €40,157 | €89,353 | +€49,196 | +122.5% |
| Other amounts receivable | 41 | €5,928 | - | -€5,928 | |
| Cash at bank and in hand | 54/58 | €38,083 | €10,946 | -€27,137 | -71.3% |
| Deferred charges and accrued income | 490/1 | €1,488 | - | -€1,488 | |
| Total equity and liabilities | 10/49 | €102,645 | €105,963 | +€3,318 | +3.2% |
| Equity | 10/15 | €49,422 | €39,835 | -€9,587 | -19.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,422 | €36,835 | -€9,587 | -20.7% |
| Amounts payable | 17/49 | €53,223 | €66,128 | +€12,905 | +24.2% |
| Amounts payable after more than one year | 17 | €18,660 | - | -€18,660 | |
| Financial debts | 170/4 | €18,660 | - | -€18,660 | |
| Amounts payable within one year | 42/48 | €34,563 | €66,128 | +€31,565 | +91.3% |
| Current portion of amounts payable after more than one year | 42 | €13,245 | - | -€13,245 | |
| Trade debts | 44 | €10,850 | €63,225 | +€52,375 | +482.7% |
| Suppliers | 440/4 | €10,850 | €63,225 | +€52,375 | +482.7% |
| Taxes, remuneration and social security | 45 | €10,469 | €2,903 | -€7,566 | -72.3% |
| Taxes | 450/3 | €5,627 | €2,903 | -€2,724 | -48.4% |
| Remuneration and social security | 454/9 | €4,842 | - | -€4,842 | |
| Remuneration, social security and pensions | 62 | €41,744 | €16,914 | -€24,830 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,116 | €1,512 | +€396 | +35.5% |
| Other operating charges | 640/8 | €1,244 | €1,284 | +€40 | +3.2% |
| Gross operating margin | 9900 | €46,349 | €12,751 | -€33,598 | -72.5% |
| Operating profit (loss) | 9901 | €2,245 | -€6,959 | -€9,204 | |
| Financial income | 75/76B | - | €879 | +€879 | |
| Recurring financial income | 75 | - | €879 | +€879 | |
| Financial charges | 65/66B | €7,396 | €3,407 | -€3,989 | -53.9% |
| Recurring financial charges | 65 | €7,396 | €3,407 | -€3,989 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,152 | -€9,487 | -€4,336 | -84.2% |
| Income taxes | 67/77 | €792 | €100 | -€692 | -87.4% |
| Profit (loss) for the period | 9904 | -€5,944 | -€9,587 | -€3,643 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,944 | -€9,587 | -€3,643 | -61.3% |
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 11 October 2026 via checked.be.