B4Brothers: 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.
B4Brothers
Largest movements
- Receivables within one year +€76,201
up €76,201 (+126%), from €60,421 to €136,621
of which Other amounts receivable: +€80,119
- Deferred charges and accrued income -€18,670
down €18,670 (-94.9%), from €19,671 to €1,001
- Receivables after one year +€14,334
up €14,334 (+3.0%), from €477,789 to €492,122
- Cash +€7,617
up €7,617 (+16.4%), from €46,407 to €54,024
mainly Net result for the year (+€146,636) and Tax, wage and social debts (+€33,079)
- Reserves +€146,636
up €146,636 (+30.4%), from €482,205 to €628,841
- Trade debts -€64,349
down €64,349 (-57.3%), from €112,310 to €47,961
- Tax, wage and social debts +€33,079
up €33,079 (+155%), from €21,406 to €54,485
of which Taxes: +€35,649
- Short-term financial debts -€25,000
down €25,000 (-100%), from €25,000 to €0
- Current portion of long-term debt -€17,581
down €17,581 (-100%), from €17,581 to €0
- Gross operating margin +€26,555
up €26,555 (+12.9%), from €206,535 to €233,090
- Staff costs -€8,612
down €8,612 (-18.1%), from €47,535 to €38,923
- Taxes +€7,299
up €7,299 (+20.9%), from €34,923 to €42,222
- Financial income +€4,105
up €4,105 (+27.3%), from €15,031 to €19,136
- Financial charges -€2,605
down €2,605 (-26.7%), from €9,754 to €7,149
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 | €663,502 | €736,287 | +€72,786 | +11.0% |
| Fixed assets | 21/28 | €56,715 | €50,020 | -€6,695 | -11.8% |
| Intangible fixed assets | 21 | €19,505 | €13,205 | -€6,300 | -32.3% |
| Tangible fixed assets | 22/27 | €34,710 | €34,315 | -€395 | -1.1% |
| Plant, machinery and equipment | 23 | €34,265 | €34,131 | -€135 | -0.4% |
| Furniture and vehicles | 24 | €445 | €184 | -€261 | -58.6% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €606,787 | €686,268 | +€79,481 | +13.1% |
| Amounts receivable after more than one year | 29 | €477,789 | €492,122 | +€14,334 | +3.0% |
| Other amounts receivable | 291 | €477,789 | €492,122 | +€14,334 | +3.0% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,421 | €136,621 | +€76,201 | +126% |
| Trade receivables | 40 | €20,825 | €16,906 | -€3,919 | -18.8% |
| Other amounts receivable | 41 | €39,596 | €119,715 | +€80,119 | +202% |
| Cash at bank and in hand | 54/58 | €46,407 | €54,024 | +€7,617 | +16.4% |
| Deferred charges and accrued income | 490/1 | €19,671 | €1,001 | -€18,670 | -94.9% |
| Total equity and liabilities | 10/49 | €663,502 | €736,287 | +€72,786 | +11.0% |
| Equity | 10/15 | €487,205 | €633,841 | +€146,636 | +30.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €482,205 | €628,841 | +€146,636 | +30.4% |
| Distributable reserves | 133 | €482,205 | €628,841 | +€146,636 | +30.4% |
| Amounts payable | 17/49 | €176,297 | €102,447 | -€73,850 | -41.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €176,297 | €102,447 | -€73,850 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €17,581 | €0 | -€17,581 | -100% |
| Financial debts | 43 | €25,000 | €0 | -€25,000 | -100% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100% |
| Trade debts | 44 | €112,310 | €47,961 | -€64,349 | -57.3% |
| Suppliers | 440/4 | €112,310 | €47,961 | -€64,349 | -57.3% |
| Taxes, remuneration and social security | 45 | €21,406 | €54,485 | +€33,079 | +155% |
| Taxes | 450/3 | €16,796 | €52,445 | +€35,649 | +212% |
| Remuneration and social security | 454/9 | €4,610 | €2,041 | -€2,569 | -55.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €28,697 | +€28,697 | |
| Remuneration, social security and pensions | 62 | €47,535 | €38,923 | -€8,612 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,735 | €12,074 | +€339 | +2.9% |
| Other operating charges | 640/8 | €4,932 | €5,221 | +€289 | +5.9% |
| Gross operating margin | 9900 | €206,535 | €233,090 | +€26,555 | +12.9% |
| Operating profit (loss) | 9901 | €142,333 | €176,872 | +€34,539 | +24.3% |
| Financial income | 75/76B | €15,031 | €19,136 | +€4,105 | +27.3% |
| Recurring financial income | 75 | €15,031 | €19,136 | +€4,105 | +27.3% |
| Financial charges | 65/66B | €9,754 | €7,149 | -€2,605 | -26.7% |
| Recurring financial charges | 65 | €9,754 | €7,149 | -€2,605 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €147,610 | €188,858 | +€41,248 | +27.9% |
| Income taxes | 67/77 | €34,923 | €42,222 | +€7,299 | +20.9% |
| Profit (loss) for the period | 9904 | €112,687 | €146,636 | +€33,949 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €112,687 | €146,636 | +€33,949 | +30.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.