B4M: 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.
B4M
Largest movements
- Cash +€6,289
up €6,289 (+13.3%), from €47,233 to €53,521
mainly Depreciation (+€5,108) and Trade debts (+€4,066)
- Tangible fixed assets -€5,903
down €5,903 (-6.8%), from €86,902 to €80,999
of which Land and buildings: -€3,995
- Receivables within one year -€1,648
down €1,648 (-81.7%), from €2,016 to €368
- Debts after one year -€4,797
down €4,797 (-9.0%), from €53,019 to €48,222
- Trade debts +€4,066
up €4,066 (+16760.1%), from €24 to €4,090
- Gross operating margin +€11,518
up €11,518, from -€1,216 to €10,301
- Depreciation -€2,259
down €2,259 (-30.7%), from €7,367 to €5,108
- Other operating charges +€589
up €589 (+16.1%), from €3,655 to €4,244
- Taxes -€133
down €133 (-91.0%), from €147 to €13
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 | €136,151 | €134,889 | -€1,262 | -0.9% |
| Fixed assets | 21/28 | €86,902 | €80,999 | -€5,903 | -6.8% |
| Tangible fixed assets | 22/27 | €86,902 | €80,999 | -€5,903 | -6.8% |
| Land and buildings | 22 | €83,975 | €79,979 | -€3,995 | -4.8% |
| Furniture and vehicles | 24 | €2,928 | €1,020 | -€1,908 | -65.2% |
| Current assets | 29/58 | €49,249 | €53,890 | +€4,641 | +9.4% |
| Amounts receivable within one year | 40/41 | €2,016 | €368 | -€1,648 | -81.7% |
| Other amounts receivable | 41 | €2,016 | €368 | -€1,648 | -81.7% |
| Cash at bank and in hand | 54/58 | €47,233 | €53,521 | +€6,289 | +13.3% |
| Total equity and liabilities | 10/49 | €136,151 | €134,889 | -€1,262 | -0.9% |
| Equity | 10/15 | €55,096 | €54,631 | -€465 | -0.8% |
| Contributions | 10/11 | €71,000 | €71,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,904 | -€16,370 | -€465 | -2.9% |
| Amounts payable | 17/49 | €81,055 | €80,258 | -€797 | -1.0% |
| Amounts payable after more than one year | 17 | €53,019 | €48,222 | -€4,797 | -9.0% |
| Financial debts | 170/4 | €53,019 | €48,222 | -€4,797 | -9.0% |
| Amounts payable within one year | 42/48 | €28,036 | €32,036 | +€4,001 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €4,694 | €4,797 | +€103 | +2.2% |
| Trade debts | 44 | €24 | €4,090 | +€4,066 | +16760.1% |
| Suppliers | 440/4 | €24 | €4,090 | +€4,066 | +16760.1% |
| Taxes, remuneration and social security | 45 | €390 | €33 | -€357 | -91.5% |
| Taxes | 450/3 | €390 | €33 | -€357 | -91.5% |
| Other amounts payable | 47/48 | €22,928 | €23,116 | +€188 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,367 | €5,108 | -€2,259 | -30.7% |
| Other operating charges | 640/8 | €3,655 | €4,244 | +€589 | +16.1% |
| Gross operating margin | 9900 | -€1,216 | €10,301 | +€11,518 | |
| Operating profit (loss) | 9901 | -€12,239 | €949 | +€13,188 | |
| Financial charges | 65/66B | €1,471 | €1,401 | -€70 | -4.8% |
| Recurring financial charges | 65 | €1,471 | €1,401 | -€70 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,710 | -€452 | +€13,258 | +96.7% |
| Income taxes | 67/77 | €147 | €13 | -€133 | -91.0% |
| Profit (loss) for the period | 9904 | -€13,857 | -€465 | +€13,391 | +96.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,857 | -€465 | +€13,391 | +96.6% |
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.