B4 finance: 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.
B4 finance
Largest movements
- Receivables after one year +€127,372
up €127,372 (+270.5%), from €47,088 to €174,460
- Cash -€34,561
down €34,561 (-50.2%), from €68,798 to €34,237
mainly Receivables after one year (-€127,372) and Receivables within one year (-€20,521)
- Receivables within one year +€20,521
up €20,521 (+138.1%), from €14,859 to €35,381
of which Other amounts receivable: +€17,235
- Reserves +€81,365
up €81,365 (+92.6%), from €87,845 to €169,210
- Tax, wage and social debts +€13,989
up €13,989 (+53.9%), from €25,970 to €39,959
of which Taxes: +€18,264
- Other debts +€13,263
up €13,263 (+88.5%), from €14,989 to €28,252
- Trade debts +€3,805
up €3,805 (+225.9%), from €1,685 to €5,490
- Gross operating margin -€25,481
down €25,481 (-20.4%), from €125,003 to €99,522
- Financial income +€14,040
up €14,040 (+1395.2%), from €1,006 to €15,046
- Taxes -€2,952
down €2,952 (-8.5%), from €34,794 to €31,842
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 | €132,488 | €244,911 | +€112,422 | +84.9% |
| Fixed assets | 21/28 | €1,743 | €833 | -€910 | -52.2% |
| Tangible fixed assets | 22/27 | €1,743 | €833 | -€910 | -52.2% |
| Furniture and vehicles | 24 | €1,743 | €833 | -€910 | -52.2% |
| Current assets | 29/58 | €130,745 | €244,077 | +€113,332 | +86.7% |
| Amounts receivable after more than one year | 29 | €47,088 | €174,460 | +€127,372 | +270.5% |
| Other amounts receivable | 291 | €47,088 | €174,460 | +€127,372 | +270.5% |
| Amounts receivable within one year | 40/41 | €14,859 | €35,381 | +€20,521 | +138.1% |
| Trade receivables | 40 | €12,877 | €16,164 | +€3,286 | +25.5% |
| Other amounts receivable | 41 | €1,982 | €19,217 | +€17,235 | +869.6% |
| Cash at bank and in hand | 54/58 | €68,798 | €34,237 | -€34,561 | -50.2% |
| Total equity and liabilities | 10/49 | €132,488 | €244,911 | +€112,422 | +84.9% |
| Equity | 10/15 | €89,845 | €171,210 | +€81,365 | +90.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €87,845 | €169,210 | +€81,365 | +92.6% |
| Distributable reserves | 133 | €87,845 | €169,210 | +€81,365 | +92.6% |
| Amounts payable | 17/49 | €42,644 | €73,701 | +€31,057 | +72.8% |
| Amounts payable within one year | 42/48 | €42,644 | €73,701 | +€31,057 | +72.8% |
| Trade debts | 44 | €1,685 | €5,490 | +€3,805 | +225.9% |
| Suppliers | 440/4 | €1,685 | €5,490 | +€3,805 | +225.9% |
| Taxes, remuneration and social security | 45 | €25,970 | €39,959 | +€13,989 | +53.9% |
| Taxes | 450/3 | €21,695 | €39,959 | +€18,264 | +84.2% |
| Remuneration and social security | 454/9 | €4,275 | - | -€4,275 | |
| Other amounts payable | 47/48 | €14,989 | €28,252 | +€13,263 | +88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €987 | €910 | -€77 | -7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,000 | - | -€1,000 | |
| Other operating charges | 640/8 | €1,329 | €411 | -€918 | -69.1% |
| Gross operating margin | 9900 | €125,003 | €99,522 | -€25,481 | -20.4% |
| Operating profit (loss) | 9901 | €121,686 | €98,201 | -€23,485 | -19.3% |
| Financial income | 75/76B | €1,006 | €15,046 | +€14,040 | +1395.2% |
| Recurring financial income | 75 | €1,006 | €15,046 | +€14,040 | +1395.2% |
| Financial charges | 65/66B | €54 | €40 | -€13 | -24.7% |
| Recurring financial charges | 65 | €54 | €40 | -€13 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €122,639 | €113,207 | -€9,432 | -7.7% |
| Income taxes | 67/77 | €34,794 | €31,842 | -€2,952 | -8.5% |
| Profit (loss) for the period | 9904 | €87,845 | €81,365 | -€6,480 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,845 | €81,365 | -€6,480 | -7.4% |
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 10 October 2026 via checked.be.