B4U: 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.
B4U
Largest movements
- Receivables within one year +€33,659
up €33,659 (+53.8%), from €62,537 to €96,196
of which Trade receivables: +€28,285
- Cash +€7,140
up €7,140 (+10.5%), from €68,162 to €75,302
mainly Net result for the year (+€58,539) and Depreciation (+€12,804)
- Tangible fixed assets -€2,799
down €2,799 (-5.5%), from €50,601 to €47,802
of which Land and buildings: -€3,309
- Reserves +€50,000
up €50,000 (+106%), from €47,296 to €97,296
of which Distributable reserves: +€50,000
- Other debts -€12,000
no longer reported in 2025 (was €12,000)
- Profit (loss) carried forward +€8,539
up €8,539 (+13.5%), from €63,210 to €71,748
- Current portion of long-term debt -€5,774
down €5,774 (-35.0%), from €16,501 to €10,727
- Debts after one year -€4,672
down €4,672 (-32.1%), from €14,557 to €9,885
- Gross operating margin +€4,163
up €4,163 (+4.5%), from €92,014 to €96,177
- Depreciation +€3,049
up €3,049 (+31.3%), from €9,755 to €12,804
- Financial charges +€2,362
up €2,362 (+125%), from €1,897 to €4,259
- Taxes -€1,043
down €1,043 (-4.9%), from €21,382 to €20,338
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 | €181,674 | €220,127 | +€38,452 | +21.2% |
| Fixed assets | 21/28 | €50,601 | €47,802 | -€2,799 | -5.5% |
| Tangible fixed assets | 22/27 | €50,601 | €47,802 | -€2,799 | -5.5% |
| Land and buildings | 22 | €22,650 | €19,341 | -€3,309 | -14.6% |
| Plant, machinery and equipment | 23 | €14,812 | €11,601 | -€3,211 | -21.7% |
| Furniture and vehicles | 24 | €12,656 | €16,860 | +€4,205 | +33.2% |
| Other tangible fixed assets | 26 | €484 | - | -€484 | |
| Current assets | 29/58 | €131,073 | €172,325 | +€41,252 | +31.5% |
| Amounts receivable within one year | 40/41 | €62,537 | €96,196 | +€33,659 | +53.8% |
| Trade receivables | 40 | €24,823 | €53,109 | +€28,285 | +114% |
| Other amounts receivable | 41 | €37,714 | €43,087 | +€5,373 | +14.2% |
| Cash at bank and in hand | 54/58 | €68,162 | €75,302 | +€7,140 | +10.5% |
| Deferred charges and accrued income | 490/1 | €375 | €827 | +€453 | +121% |
| Total equity and liabilities | 10/49 | €181,674 | €220,127 | +€38,452 | +21.2% |
| Equity | 10/15 | €111,506 | €170,044 | +€58,539 | +52.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €47,296 | €97,296 | +€50,000 | +106% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,196 | €2,196 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €95,000 | +€50,000 | +111% |
| Profit (loss) carried forward | 14 | €63,210 | €71,748 | +€8,539 | +13.5% |
| Provisions and deferred taxes | 16 | €12,000 | €12,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €12,000 | €12,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €9,500 | €9,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €58,169 | €38,082 | -€20,086 | -34.5% |
| Amounts payable after more than one year | 17 | €14,557 | €9,885 | -€4,672 | -32.1% |
| Financial debts | 170/4 | €14,557 | €9,885 | -€4,672 | -32.1% |
| Amounts payable within one year | 42/48 | €43,611 | €27,971 | -€15,641 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €16,501 | €10,727 | -€5,774 | -35.0% |
| Taxes, remuneration and social security | 45 | €15,111 | €17,244 | +€2,134 | +14.1% |
| Taxes | 450/3 | €10,211 | €12,344 | +€2,134 | +20.9% |
| Remuneration and social security | 454/9 | €4,900 | €4,900 | = | 0.0% |
| Other amounts payable | 47/48 | €12,000 | - | -€12,000 | |
| Accrued charges and deferred income | 492/3 | - | €227 | +€227 | |
| Remuneration, social security and pensions | 62 | €37 | - | -€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,755 | €12,804 | +€3,049 | +31.3% |
| Other operating charges | 640/8 | €1,786 | €1,448 | -€337 | -18.9% |
| Non-recurring operating charges | 66A | - | €1,262 | +€1,262 | |
| Gross operating margin | 9900 | €92,014 | €96,177 | +€4,163 | +4.5% |
| Operating profit (loss) | 9901 | €80,437 | €80,662 | +€225 | +0.3% |
| Financial income | 75/76B | €1,680 | €2,473 | +€793 | +47.2% |
| Recurring financial income | 75 | €1,680 | €2,473 | +€793 | +47.2% |
| Financial charges | 65/66B | €1,897 | €4,259 | +€2,362 | +125% |
| Recurring financial charges | 65 | €1,897 | €4,259 | +€2,362 | +125% |
| Profit (loss) for the period before taxes | 9903 | €80,221 | €78,877 | -€1,344 | -1.7% |
| Income taxes | 67/77 | €21,382 | €20,338 | -€1,043 | -4.9% |
| Profit (loss) for the period | 9904 | €58,839 | €58,539 | -€301 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,839 | €58,539 | -€301 | -0.5% |
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 15 October 2026 via checked.be.