B4Tec: 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.
B4Tec
Largest movements
- Tangible fixed assets +€538,670
up €538,670 (+156.7%), from €343,823 to €882,493
of which Other tangible fixed assets: +€340,952
- Cash -€84,641
down €84,641 (-88.6%), from €95,531 to €10,890
mainly Investment in fixed assets (net) (-€560,496) and Contributions, distributions and other (-€36,140)
- Receivables within one year -€13,110
down €13,110 (-68.0%), from €19,271 to €6,160
of which Trade receivables: -€11,132
- Debts after one year +€438,634
up €438,634 (+823.8%), from €53,246 to €491,880
- Other debts +€44,247
up €44,247, from €0 to €44,247
- Reserves -€43,415
down €43,415 (-13.1%), from €332,551 to €289,136
of which Distributable reserves: -€40,212
- Gross operating margin -€294,869
down €294,869 (-91.6%), from €321,821 to €26,952
- Depreciation +€13,309
up €13,309 (+146.0%), from €9,115 to €22,424
- Financial charges +€9,334
up €9,334 (+229.2%), from €4,072 to €13,406
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 | €496,473 | €930,726 | +€434,253 | +87.5% |
| Fixed assets | 21/28 | €346,308 | €884,379 | +€538,071 | +155.4% |
| Intangible fixed assets | 21 | €985 | €387 | -€598 | -60.7% |
| Tangible fixed assets | 22/27 | €343,823 | €882,493 | +€538,670 | +156.7% |
| Land and buildings | 22 | €332,485 | €536,435 | +€203,950 | +61.3% |
| Plant, machinery and equipment | 23 | €1,479 | €4,604 | +€3,125 | +211.2% |
| Furniture and vehicles | 24 | €9,859 | €502 | -€9,357 | -94.9% |
| Other tangible fixed assets | 26 | - | €340,952 | +€340,952 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €150,165 | €46,347 | -€103,818 | -69.1% |
| Amounts receivable after more than one year | 29 | €33,640 | €28,598 | -€5,042 | -15.0% |
| Other amounts receivable | 291 | €33,640 | €28,598 | -€5,042 | -15.0% |
| Amounts receivable within one year | 40/41 | €19,271 | €6,160 | -€13,110 | -68.0% |
| Trade receivables | 40 | €11,132 | €0 | -€11,132 | -100.0% |
| Other amounts receivable | 41 | €8,139 | €6,160 | -€1,978 | -24.3% |
| Current investments | 50/53 | - | €272 | +€272 | |
| Cash at bank and in hand | 54/58 | €95,531 | €10,890 | -€84,641 | -88.6% |
| Deferred charges and accrued income | 490/1 | €1,724 | €427 | -€1,297 | -75.3% |
| Total equity and liabilities | 10/49 | €496,473 | €930,726 | +€434,253 | +87.5% |
| Equity | 10/15 | €351,151 | €307,736 | -€43,415 | -12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €332,551 | €289,136 | -€43,415 | -13.1% |
| Tax-exempt reserves | 132 | €239,387 | €236,184 | -€3,203 | -1.3% |
| Distributable reserves | 133 | €93,165 | €52,953 | -€40,212 | -43.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €59,847 | €59,046 | -€801 | -1.3% |
| Deferred taxes | 168 | €59,847 | €59,046 | -€801 | -1.3% |
| Amounts payable | 17/49 | €85,475 | €563,944 | +€478,469 | +559.8% |
| Amounts payable after more than one year | 17 | €53,246 | €491,880 | +€438,634 | +823.8% |
| Financial debts | 170/4 | €53,246 | €491,880 | +€438,634 | +823.8% |
| Amounts payable within one year | 42/48 | €32,229 | €72,064 | +€39,835 | +123.6% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €20,701 | -€4,299 | -17.2% |
| Financial debts | 43 | - | €1,775 | +€1,775 | |
| Credit institutions | 430/8 | - | €1,775 | +€1,775 | |
| Trade debts | 44 | €146 | €102 | -€44 | -30.1% |
| Suppliers | 440/4 | €146 | €102 | -€44 | -30.1% |
| Taxes, remuneration and social security | 45 | €7,083 | €5,239 | -€1,844 | -26.0% |
| Taxes | 450/3 | €7,083 | €5,239 | -€1,844 | -26.0% |
| Other amounts payable | 47/48 | €0 | €44,247 | +€44,247 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,115 | €22,424 | +€13,309 | +146.0% |
| Other operating charges | 640/8 | €677 | €243 | -€435 | -64.2% |
| Non-recurring operating charges | 66A | - | €454 | +€454 | |
| Gross operating margin | 9900 | €321,821 | €26,952 | -€294,869 | -91.6% |
| Operating profit (loss) | 9901 | €312,028 | €3,831 | -€308,197 | -98.8% |
| Financial income | 75/76B | €933 | €1,940 | +€1,007 | +107.9% |
| Recurring financial income | 75 | €933 | €1,940 | +€1,007 | +107.9% |
| Financial charges | 65/66B | €4,072 | €13,406 | +€9,334 | +229.2% |
| Recurring financial charges | 65 | €4,072 | €13,406 | +€9,334 | +229.2% |
| Profit (loss) for the period before taxes | 9903 | €308,889 | -€7,636 | -€316,525 | |
| Transfer from deferred taxes | 780 | - | €801 | +€801 | |
| Transfer to deferred taxes | 680 | €59,847 | €0 | -€59,847 | -100.0% |
| Income taxes | 67/77 | €2,428 | €440 | -€1,989 | -81.9% |
| Profit (loss) for the period | 9904 | €246,614 | -€7,275 | -€253,889 | |
| Transfer from tax-exempt reserves | 789 | - | €3,203 | +€3,203 | |
| Transfer to tax-exempt reserves | 689 | €239,387 | €0 | -€239,387 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,227 | -€4,072 | -€11,299 |
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 11 October 2026 via checked.be.