B5 TEAM: what changed
Two fiscal 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.
B5 TEAM
Largest movements
- Cash -€36,643
down €36,643 (-41.8%), from €87,722 to €51,078
mainly Contributions, distributions and other (-€47,000) and Investment in fixed assets (net) (-€28,310)
- Receivables within one year +€4,663
up €4,663 (+10.8%), from €43,039 to €47,702
of which Trade receivables: +€9,721
- Tangible fixed assets +€3,307
up €3,307 (+3.8%), from €86,096 to €89,403
- Deferred charges and accrued income +€3,069
new in 2025: €3,069
- Profit (loss) carried forward -€21,064
down €21,064 (-22.8%), from €92,523 to €71,459
- Current portion of long-term debt +€6,850
up €6,850 (+36.7%), from €18,644 to €25,494
- Debts after one year -€6,599
down €6,599 (-25.0%), from €26,418 to €19,818
- Trade debts -€5,524
down €5,524 (-23.2%), from €23,815 to €18,292
- Gross operating margin -€19,858
down €19,858 (-24.8%), from €79,918 to €60,060
- Depreciation +€12,449
up €12,449 (+99.2%), from €12,555 to €25,004
- Taxes -€5,857
down €5,857 (-47.0%), from €12,473 to €6,616
- Financial charges +€975
up €975 (+79.1%), from €1,232 to €2,208
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 | €216,856 | €191,251 | -€25,605 | -11.8% |
| Fixed assets | 21/28 | €86,096 | €89,403 | +€3,307 | +3.8% |
| Tangible fixed assets | 22/27 | €86,096 | €89,403 | +€3,307 | +3.8% |
| Furniture and vehicles | 24 | €86,096 | €89,403 | +€3,307 | +3.8% |
| Current assets | 29/58 | €130,760 | €101,849 | -€28,912 | -22.1% |
| Amounts receivable within one year | 40/41 | €43,039 | €47,702 | +€4,663 | +10.8% |
| Trade receivables | 40 | €29,596 | €39,317 | +€9,721 | +32.8% |
| Other amounts receivable | 41 | €13,443 | €8,384 | -€5,059 | -37.6% |
| Cash at bank and in hand | 54/58 | €87,722 | €51,078 | -€36,643 | -41.8% |
| Deferred charges and accrued income | 490/1 | - | €3,069 | +€3,069 | |
| Total equity and liabilities | 10/49 | €216,856 | €191,251 | -€25,605 | -11.8% |
| Equity | 10/15 | €97,523 | €76,459 | -€21,064 | -21.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,523 | €71,459 | -€21,064 | -22.8% |
| Amounts payable | 17/49 | €119,333 | €114,793 | -€4,541 | -3.8% |
| Amounts payable after more than one year | 17 | €26,418 | €19,818 | -€6,599 | -25.0% |
| Financial debts | 170/4 | €26,418 | €19,818 | -€6,599 | -25.0% |
| Amounts payable within one year | 42/48 | €92,916 | €94,974 | +€2,059 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €18,644 | €25,494 | +€6,850 | +36.7% |
| Trade debts | 44 | €23,815 | €18,292 | -€5,524 | -23.2% |
| Suppliers | 440/4 | €23,815 | €18,292 | -€5,524 | -23.2% |
| Taxes, remuneration and social security | 45 | €10,456 | €10,942 | +€487 | +4.7% |
| Taxes | 450/3 | €10,000 | €10,942 | +€942 | +9.4% |
| Remuneration and social security | 454/9 | €456 | - | -€456 | |
| Other amounts payable | 47/48 | €40,000 | €40,246 | +€246 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,555 | €25,004 | +€12,449 | +99.2% |
| Other operating charges | 640/8 | €149 | €298 | +€149 | +100.0% |
| Gross operating margin | 9900 | €79,918 | €60,060 | -€19,858 | -24.8% |
| Operating profit (loss) | 9901 | €67,214 | €34,759 | -€32,455 | -48.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,232 | €2,208 | +€975 | +79.1% |
| Recurring financial charges | 65 | €1,232 | €2,208 | +€975 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | €65,982 | €32,551 | -€33,430 | -50.7% |
| Income taxes | 67/77 | €12,473 | €6,616 | -€5,857 | -47.0% |
| Profit (loss) for the period | 9904 | €53,509 | €25,936 | -€27,574 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,509 | €25,936 | -€27,574 | -51.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.