B49: 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.
B49
Largest movements
- Receivables within one year +€35,074
up €35,074 (+19.3%), from €181,857 to €216,931
of which Trade receivables: +€34,807
- Intangible fixed assets -€34,801
down €34,801 (-25.4%), from €137,238 to €102,436
- Cash -€26,959
down €26,959 (-35.7%), from €75,427 to €48,468
mainly Contributions, distributions and other (-€56,471) and Receivables within one year (-€35,074)
- Tangible fixed assets +€9,523
up €9,523 (+394%), from €2,415 to €11,938
- Deferred charges and accrued income -€6,141
down €6,141 (-38.4%), from €15,980 to €9,839
- Tax, wage and social debts -€22,316
down €22,316 (-33.4%), from €66,892 to €44,576
of which Taxes: -€24,029
- Advances received -€21,009
down €21,009 (-100%), from €21,009 to €0
- Other debts +€11,215
up €11,215 (+23.4%), from €48,000 to €59,215
- Debts after one year +€9,411
up €9,411 (+21.8%), from €43,139 to €52,550
of which Financial debts: +€9,411
- Current portion of long-term debt +€8,551
up €8,551 (+18.7%), from €45,798 to €54,349
- Gross operating margin +€31,341
up €31,341 (+22.2%), from €140,964 to €172,305
- Other operating charges +€13,419
up €13,419 (+1,372%), from €978 to €14,396
- Staff costs +€5,157
up €5,157 (+17.4%), from €29,579 to €34,736
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.
Derived cash bridge
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 | €412,917 | €389,613 | -€23,304 | -5.6% |
| Fixed assets | 21/28 | €139,653 | €114,375 | -€25,278 | -18.1% |
| Intangible fixed assets | 21 | €137,238 | €102,436 | -€34,801 | -25.4% |
| Tangible fixed assets | 22/27 | €2,415 | €11,938 | +€9,523 | +394% |
| Furniture and vehicles | 24 | €2,415 | €11,938 | +€9,523 | +394% |
| Current assets | 29/58 | €273,264 | €275,238 | +€1,974 | +0.7% |
| Amounts receivable within one year | 40/41 | €181,857 | €216,931 | +€35,074 | +19.3% |
| Trade receivables | 40 | €181,857 | €216,665 | +€34,807 | +19.1% |
| Other amounts receivable | 41 | - | €266 | +€266 | |
| Cash at bank and in hand | 54/58 | €75,427 | €48,468 | -€26,959 | -35.7% |
| Deferred charges and accrued income | 490/1 | €15,980 | €9,839 | -€6,141 | -38.4% |
| Total equity and liabilities | 10/49 | €412,917 | €389,613 | -€23,304 | -5.6% |
| Equity | 10/15 | €112,715 | €110,481 | -€2,234 | -2.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €92,305 | €90,071 | -€2,234 | -2.4% |
| Amounts payable | 17/49 | €300,202 | €279,132 | -€21,070 | -7.0% |
| Amounts payable after more than one year | 17 | €43,139 | €52,550 | +€9,411 | +21.8% |
| Financial debts | 170/4 | €24,084 | €33,495 | +€9,411 | +39.1% |
| Other amounts payable | 178/9 | €19,055 | €19,055 | = | 0.0% |
| Amounts payable within one year | 42/48 | €257,063 | €226,582 | -€30,481 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €45,798 | €54,349 | +€8,551 | +18.7% |
| Trade debts | 44 | €75,364 | €68,442 | -€6,922 | -9.2% |
| Suppliers | 440/4 | €75,364 | €68,442 | -€6,922 | -9.2% |
| Advances received on contracts in progress | 46 | €21,009 | €0 | -€21,009 | -100% |
| Taxes, remuneration and social security | 45 | €66,892 | €44,576 | -€22,316 | -33.4% |
| Taxes | 450/3 | €62,361 | €38,332 | -€24,029 | -38.5% |
| Remuneration and social security | 454/9 | €4,531 | €6,244 | +€1,713 | +37.8% |
| Other amounts payable | 47/48 | €48,000 | €59,215 | +€11,215 | +23.4% |
| Non-recurring operating income | 76A | - | €5,845 | +€5,845 | |
| Remuneration, social security and pensions | 62 | €29,579 | €34,736 | +€5,157 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,006 | €37,118 | +€1,112 | +3.1% |
| Other operating charges | 640/8 | €978 | €14,396 | +€13,419 | +1,372% |
| Non-recurring operating charges | 66A | - | €5,942 | +€5,942 | |
| Gross operating margin | 9900 | €140,964 | €172,305 | +€31,341 | +22.2% |
| Operating profit (loss) | 9901 | €74,402 | €80,113 | +€5,711 | +7.7% |
| Financial income | 75/76B | €223 | €61 | -€162 | -72.5% |
| Recurring financial income | 75 | €223 | €61 | -€162 | -72.5% |
| Financial charges | 65/66B | €5,603 | €6,851 | +€1,248 | +22.3% |
| Recurring financial charges | 65 | €5,603 | €6,851 | +€1,248 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €69,022 | €73,323 | +€4,301 | +6.2% |
| Income taxes | 67/77 | €19,611 | €19,086 | -€525 | -2.7% |
| Profit (loss) for the period | 9904 | €49,410 | €54,237 | +€4,827 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,410 | €54,237 | +€4,827 | +9.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.