B4UMA: 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.
B4UMA
Largest movements
- Current investments -€160,000
down €160,000 (-99.7%), from €160,500 to €500
- Cash +€104,279
up €104,279 (+168.8%), from €61,783 to €166,062
mainly Current investments (+€160,000) and Net result for the year (+€80,302)
- Receivables within one year -€10,935
down €10,935 (-62.3%), from €17,549 to €6,614
of which Trade receivables: -€12,040
- Tangible fixed assets +€3,719
up €3,719 (+28.2%), from €13,200 to €16,919
of which Other tangible fixed assets: +€16,919
- Debts after one year -€100,000
no longer reported in 2025 (was €100,000)
- Other debts +€45,151
up €45,151 (+59.9%), from €75,371 to €120,521
- Tax, wage and social debts -€5,698
down €5,698 (-20.4%), from €27,950 to €22,252
of which Taxes: -€6,426
- Gross operating margin +€7,547
up €7,547 (+8.2%), from €91,826 to €99,373
- Taxes -€6,388
down €6,388 (-27.1%), from €23,529 to €17,141
- Financial income -€2,915
down €2,915 (-85.4%), from €3,414 to €499
- Depreciation +€1,388
new in 2025: €1,388
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 | €253,032 | €191,454 | -€61,578 | -24.3% |
| Fixed assets | 21/28 | €13,200 | €16,919 | +€3,719 | +28.2% |
| Tangible fixed assets | 22/27 | €13,200 | €16,919 | +€3,719 | +28.2% |
| Other tangible fixed assets | 26 | - | €16,919 | +€16,919 | |
| Assets under construction and advance payments | 27 | €13,200 | - | -€13,200 | |
| Current assets | 29/58 | €239,832 | €174,535 | -€65,297 | -27.2% |
| Amounts receivable within one year | 40/41 | €17,549 | €6,614 | -€10,935 | -62.3% |
| Trade receivables | 40 | €16,154 | €4,114 | -€12,040 | -74.5% |
| Other amounts receivable | 41 | €1,395 | €2,500 | +€1,105 | +79.2% |
| Current investments | 50/53 | €160,500 | €500 | -€160,000 | -99.7% |
| Cash at bank and in hand | 54/58 | €61,783 | €166,062 | +€104,279 | +168.8% |
| Deferred charges and accrued income | 490/1 | - | €1,359 | +€1,359 | |
| Total equity and liabilities | 10/49 | €253,032 | €191,454 | -€61,578 | -24.3% |
| Equity | 10/15 | €48,635 | €48,635 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €47,635 | €47,635 | = | 0.0% |
| Distributable reserves | 133 | €47,635 | €47,635 | = | 0.0% |
| Amounts payable | 17/49 | €204,397 | €142,819 | -€61,578 | -30.1% |
| Amounts payable after more than one year | 17 | €100,000 | - | -€100,000 | |
| Other amounts payable | 178/9 | €100,000 | - | -€100,000 | |
| Amounts payable within one year | 42/48 | €104,397 | €142,819 | +€38,422 | +36.8% |
| Trade debts | 44 | €1,076 | €45 | -€1,031 | -95.8% |
| Suppliers | 440/4 | €1,076 | €45 | -€1,031 | -95.8% |
| Taxes, remuneration and social security | 45 | €27,950 | €22,252 | -€5,698 | -20.4% |
| Taxes | 450/3 | €22,990 | €16,564 | -€6,426 | -28.0% |
| Remuneration and social security | 454/9 | €4,960 | €5,688 | +€728 | +14.7% |
| Other amounts payable | 47/48 | €75,371 | €120,521 | +€45,151 | +59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,388 | +€1,388 | |
| Other operating charges | 640/8 | €387 | €955 | +€568 | +146.7% |
| Gross operating margin | 9900 | €91,826 | €99,373 | +€7,547 | +8.2% |
| Operating profit (loss) | 9901 | €91,439 | €97,030 | +€5,591 | +6.1% |
| Financial income | 75/76B | €3,414 | €499 | -€2,915 | -85.4% |
| Recurring financial income | 75 | €3,414 | €499 | -€2,915 | -85.4% |
| Financial charges | 65/66B | €162 | €85 | -€77 | -47.4% |
| Recurring financial charges | 65 | €162 | €85 | -€77 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €94,691 | €97,443 | +€2,752 | +2.9% |
| Income taxes | 67/77 | €23,529 | €17,141 | -€6,388 | -27.1% |
| Profit (loss) for the period | 9904 | €71,162 | €80,302 | +€9,140 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,162 | €80,302 | +€9,140 | +12.8% |
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 12 October 2026 via checked.be.