B7 Advisory: 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.
B7 Advisory
Largest movements
- Current investments -€113,527
down €113,527 (-33.3%), from €341,342 to €227,816
- Cash +€51,707
up €51,707 (+97.1%), from €53,278 to €104,985
mainly Net result for the year (+€183,051) and Current investments (+€113,527)
- Tangible fixed assets -€35,458
down €35,458 (-25.2%), from €140,871 to €105,413
of which Furniture and vehicles: -€18,790
- Receivables within one year +€26,076
up €26,076 (+28.9%), from €90,351 to €116,427
of which Other amounts receivable: +€28,878
- Deferred charges and accrued income -€6,344
down €6,344 (-82.1%), from €7,731 to €1,387
- Other debts +€103,576
up €103,576 (+32.0%), from €323,594 to €427,170
- Profit (loss) carried forward -€81,949
down €81,949 (-73.2%), from €111,934 to €29,985
- Tax, wage and social debts -€57,802
down €57,802 (-75.6%), from €76,456 to €18,654
- Trade debts -€33,982
down €33,982 (-91.9%), from €36,961 to €2,979
- Debts after one year -€12,788
down €12,788 (-33.1%), from €38,593 to €25,805
- Gross operating margin +€27,485
up €27,485 (+10.5%), from €262,775 to €290,260
- Taxes +€5,875
up €5,875 (+11.5%), from €51,042 to €56,917
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 | €633,573 | €556,027 | -€77,545 | -12.2% |
| Fixed assets | 21/28 | €140,871 | €105,413 | -€35,458 | -25.2% |
| Tangible fixed assets | 22/27 | €140,871 | €105,413 | -€35,458 | -25.2% |
| Plant, machinery and equipment | 23 | €269 | - | -€269 | |
| Furniture and vehicles | 24 | €72,111 | €53,321 | -€18,790 | -26.1% |
| Leasing and similar rights | 25 | €50,946 | €38,180 | -€12,766 | -25.1% |
| Other tangible fixed assets | 26 | €17,545 | €13,912 | -€3,633 | -20.7% |
| Current assets | 29/58 | €492,702 | €450,615 | -€42,087 | -8.5% |
| Amounts receivable within one year | 40/41 | €90,351 | €116,427 | +€26,076 | +28.9% |
| Trade receivables | 40 | €69,851 | €67,050 | -€2,801 | -4.0% |
| Other amounts receivable | 41 | €20,500 | €49,378 | +€28,878 | +140.9% |
| Current investments | 50/53 | €341,342 | €227,816 | -€113,527 | -33.3% |
| Cash at bank and in hand | 54/58 | €53,278 | €104,985 | +€51,707 | +97.1% |
| Deferred charges and accrued income | 490/1 | €7,731 | €1,387 | -€6,344 | -82.1% |
| Total equity and liabilities | 10/49 | €633,573 | €556,027 | -€77,545 | -12.2% |
| Equity | 10/15 | €121,934 | €39,985 | -€81,949 | -67.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,934 | €29,985 | -€81,949 | -73.2% |
| Amounts payable | 17/49 | €511,638 | €516,042 | +€4,404 | +0.9% |
| Amounts payable after more than one year | 17 | €38,593 | €25,805 | -€12,788 | -33.1% |
| Financial debts | 170/4 | €38,593 | €25,805 | -€12,788 | -33.1% |
| Amounts payable within one year | 42/48 | €473,045 | €490,237 | +€17,192 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €12,346 | €12,788 | +€442 | +3.6% |
| Financial debts | 43 | €23,688 | €28,646 | +€4,958 | +20.9% |
| Credit institutions | 430/8 | €23,688 | €28,646 | +€4,958 | +20.9% |
| Trade debts | 44 | €36,961 | €2,979 | -€33,982 | -91.9% |
| Suppliers | 440/4 | €36,961 | €2,979 | -€33,982 | -91.9% |
| Taxes, remuneration and social security | 45 | €76,456 | €18,654 | -€57,802 | -75.6% |
| Taxes | 450/3 | €76,456 | €18,654 | -€57,802 | -75.6% |
| Other amounts payable | 47/48 | €323,594 | €427,170 | +€103,576 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,173 | €40,120 | -€1,053 | -2.6% |
| Other operating charges | 640/8 | €5,179 | €3,149 | -€2,030 | -39.2% |
| Gross operating margin | 9900 | €262,775 | €290,260 | +€27,485 | +10.5% |
| Operating profit (loss) | 9901 | €216,423 | €246,990 | +€30,568 | +14.1% |
| Financial income | 75/76B | €5,061 | €3,514 | -€1,547 | -30.6% |
| Recurring financial income | 75 | €5,061 | €3,514 | -€1,547 | -30.6% |
| Financial charges | 65/66B | €8,573 | €10,537 | +€1,964 | +22.9% |
| Recurring financial charges | 65 | €8,573 | €10,537 | +€1,964 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €212,911 | €239,968 | +€27,057 | +12.7% |
| Income taxes | 67/77 | €51,042 | €56,917 | +€5,875 | +11.5% |
| Profit (loss) for the period | 9904 | €161,869 | €183,051 | +€21,182 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €161,869 | €183,051 | +€21,182 | +13.1% |
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.