B8: 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.
B8
Largest movements
- Cash +€30,101
up €30,101 (+34.2%), from €87,938 to €118,039
mainly Net result for the year (+€52,853) and Depreciation (+€21,569)
- Tangible fixed assets +€9,355
up €9,355 (+29.8%), from €31,405 to €40,761
of which Furniture and vehicles: +€8,677
- Receivables within one year +€3,875
up €3,875 (+7616.9%), from €51 to €3,926
of which Other amounts receivable: +€3,926
- Reserves +€52,687
up €52,687 (+46.1%), from €114,344 to €167,030
- Advances received -€4,800
down €4,800 (-100.0%), from €4,800 to €0
- Trade debts -€2,265
down €2,265 (-62.0%), from €3,653 to €1,387
- Depreciation +€4,346
up €4,346 (+25.2%), from €17,223 to €21,569
- Other operating charges +€2,470
up €2,470 (+898.5%), from €275 to €2,745
- Gross operating margin +€1,887
up €1,887 (+2.0%), from €96,763 to €98,650
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 | €127,550 | €172,034 | +€44,483 | +34.9% |
| Formation expenses | 20 | €461 | €230 | -€230 | -50.0% |
| Fixed assets | 21/28 | €31,886 | €41,241 | +€9,355 | +29.3% |
| Tangible fixed assets | 22/27 | €31,405 | €40,761 | +€9,355 | +29.8% |
| Plant, machinery and equipment | 23 | €2,329 | €3,007 | +€678 | +29.1% |
| Furniture and vehicles | 24 | €29,076 | €37,753 | +€8,677 | +29.8% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €95,204 | €130,562 | +€35,358 | +37.1% |
| Stocks and contracts in progress | 3 | €3,589 | €3,557 | -€33 | -0.9% |
| Stocks | 30/36 | €3,589 | €3,557 | -€33 | -0.9% |
| Amounts receivable within one year | 40/41 | €51 | €3,926 | +€3,875 | +7616.9% |
| Trade receivables | 40 | €51 | €0 | -€51 | -100.0% |
| Other amounts receivable | 41 | - | €3,926 | +€3,926 | |
| Cash at bank and in hand | 54/58 | €87,938 | €118,039 | +€30,101 | +34.2% |
| Deferred charges and accrued income | 490/1 | €3,626 | €5,040 | +€1,414 | +39.0% |
| Total equity and liabilities | 10/49 | €127,550 | €172,034 | +€44,483 | +34.9% |
| Equity | 10/15 | €117,289 | €170,142 | +€52,853 | +45.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €114,344 | €167,030 | +€52,687 | +46.1% |
| Distributable reserves | 133 | €114,344 | €167,030 | +€52,687 | +46.1% |
| Profit (loss) carried forward | 14 | €445 | €611 | +€166 | +37.3% |
| Amounts payable | 17/49 | €10,261 | €1,892 | -€8,369 | -81.6% |
| Amounts payable within one year | 42/48 | €10,198 | €1,892 | -€8,306 | -81.4% |
| Trade debts | 44 | €3,653 | €1,387 | -€2,265 | -62.0% |
| Suppliers | 440/4 | €3,653 | €1,387 | -€2,265 | -62.0% |
| Advances received on contracts in progress | 46 | €4,800 | €0 | -€4,800 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,664 | €0 | -€1,664 | -100.0% |
| Taxes | 450/3 | €1,664 | €0 | -€1,664 | -100.0% |
| Other amounts payable | 47/48 | €81 | €505 | +€423 | +520.2% |
| Accrued charges and deferred income | 492/3 | €64 | €0 | -€64 | -100.0% |
| Non-recurring operating income | 76A | €1,426 | - | -€1,426 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,223 | €21,569 | +€4,346 | +25.2% |
| Other operating charges | 640/8 | €275 | €2,745 | +€2,470 | +898.5% |
| Gross operating margin | 9900 | €96,763 | €98,650 | +€1,887 | +2.0% |
| Operating profit (loss) | 9901 | €79,265 | €74,336 | -€4,929 | -6.2% |
| Financial charges | 65/66B | €569 | €126 | -€443 | -77.8% |
| Recurring financial charges | 65 | €569 | €126 | -€443 | -77.8% |
| Profit (loss) for the period before taxes | 9903 | €78,696 | €74,210 | -€4,486 | -5.7% |
| Income taxes | 67/77 | €21,609 | €21,358 | -€251 | -1.2% |
| Profit (loss) for the period | 9904 | €57,088 | €52,853 | -€4,235 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,088 | €52,853 | -€4,235 | -7.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.