B4&more: 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.
B4&more
Largest movements
- Tangible fixed assets -€5,940
down €5,940 (-45.9%), from €12,952 to €7,012
of which Plant, machinery and equipment: -€3,480
- Cash -€2,436
down €2,436 (-83.2%), from €2,928 to €493
mainly Net result for the year (-€4,883) and Other debts (-€3,930)
- Receivables within one year +€993
up €993 (+106.7%), from €930 to €1,923
of which Other amounts receivable: +€1,298
- Profit (loss) carried forward -€4,883
down €4,883 (-24.1%), from -€20,250 to -€25,134
- Other debts -€3,930
down €3,930 (-9.0%), from €43,903 to €39,973
- Trade debts +€1,562
up €1,562 (+120.9%), from €1,292 to €2,854
- Depreciation -€5,777
down €5,777 (-49.3%), from €11,717 to €5,940
- Gross operating margin +€267
up €267 (+25.1%), from €1,062 to €1,329
- Financial charges -€82
down €82 (-34.9%), from €234 to €152
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 | €37,001 | €29,749 | -€7,252 | -19.6% |
| Fixed assets | 21/28 | €12,952 | €7,012 | -€5,940 | -45.9% |
| Tangible fixed assets | 22/27 | €12,952 | €7,012 | -€5,940 | -45.9% |
| Plant, machinery and equipment | 23 | €10,492 | €7,012 | -€3,480 | -33.2% |
| Furniture and vehicles | 24 | €2,460 | - | -€2,460 | |
| Current assets | 29/58 | €24,049 | €22,737 | -€1,312 | -5.5% |
| Stocks and contracts in progress | 3 | €20,191 | €20,321 | +€131 | +0.6% |
| Stocks | 30/36 | €20,191 | €20,321 | +€131 | +0.6% |
| Amounts receivable within one year | 40/41 | €930 | €1,923 | +€993 | +106.7% |
| Trade receivables | 40 | €305 | - | -€305 | |
| Other amounts receivable | 41 | €625 | €1,923 | +€1,298 | +207.5% |
| Cash at bank and in hand | 54/58 | €2,928 | €493 | -€2,436 | -83.2% |
| Total equity and liabilities | 10/49 | €37,001 | €29,749 | -€7,252 | -19.6% |
| Equity | 10/15 | -€8,194 | -€13,077 | -€4,883 | -59.6% |
| Contributions | 10/11 | €8,927 | €8,927 | = | 0.0% |
| Reserves | 13 | €3,129 | €3,129 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,129 | €3,129 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,250 | -€25,134 | -€4,883 | -24.1% |
| Amounts payable | 17/49 | €45,195 | €42,827 | -€2,369 | -5.2% |
| Amounts payable within one year | 42/48 | €45,195 | €42,827 | -€2,369 | -5.2% |
| Trade debts | 44 | €1,292 | €2,854 | +€1,562 | +120.9% |
| Suppliers | 440/4 | €1,292 | €2,854 | +€1,562 | +120.9% |
| Other amounts payable | 47/48 | €43,903 | €39,973 | -€3,930 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,717 | €5,940 | -€5,777 | -49.3% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €1,062 | €1,329 | +€267 | +25.1% |
| Operating profit (loss) | 9901 | -€10,773 | -€4,731 | +€6,042 | +56.1% |
| Financial charges | 65/66B | €234 | €152 | -€82 | -34.9% |
| Recurring financial charges | 65 | €234 | €152 | -€82 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,007 | -€4,883 | +€6,124 | +55.6% |
| Profit (loss) for the period | 9904 | -€11,007 | -€4,883 | +€6,124 | +55.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,007 | -€4,883 | +€6,124 | +55.6% |
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 4 October 2026 via checked.be.