B86: 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.
B86
Largest movements
- Tangible fixed assets +€128,235
up €128,235 (+137.6%), from €93,198 to €221,433
of which Plant, machinery and equipment: +€75,566
- Receivables within one year +€12,726
up €12,726 (+34.1%), from €37,303 to €50,030
of which Other amounts receivable: +€10,419
- Stocks and contracts +€7,800
up €7,800 (+15.8%), from €49,430 to €57,230
- Cash +€6,577
up €6,577 (+182.1%), from €3,612 to €10,189
mainly Trade debts (+€60,176) and Debts after one year (+€44,017)
- Trade debts +€60,176
up €60,176 (+124.4%), from €48,380 to €108,556
- Debts after one year +€44,017
new in 2025: €44,017
- Profit (loss) carried forward +€30,707
up €30,707 (+92.7%), from €33,132 to €63,839
- Current portion of long-term debt +€10,393
new in 2025: €10,393
- Tax, wage and social debts +€10,315
up €10,315 (+33.2%), from €31,114 to €41,429
of which Taxes: +€6,942
- Staff costs -€17,015
down €17,015 (-15.1%), from €112,600 to €95,585
- Gross operating margin +€14,426
up €14,426 (+8.2%), from €176,357 to €190,783
- Other operating charges +€10,640
up €10,640 (+412.9%), from €2,577 to €13,217
- Depreciation +€5,102
up €5,102 (+36.9%), from €13,823 to €18,925
- Taxes +€2,113
up €2,113 (+15.5%), from €13,632 to €15,745
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 | €190,294 | €345,632 | +€155,338 | +81.6% |
| Fixed assets | 21/28 | €99,948 | €228,183 | +€128,235 | +128.3% |
| Tangible fixed assets | 22/27 | €93,198 | €221,433 | +€128,235 | +137.6% |
| Plant, machinery and equipment | 23 | €89,911 | €165,478 | +€75,566 | +84.0% |
| Furniture and vehicles | 24 | €3,287 | €22,173 | +€18,886 | +574.6% |
| Other tangible fixed assets | 26 | - | €33,782 | +€33,782 | |
| Financial fixed assets | 28 | €6,750 | €6,750 | = | 0.0% |
| Current assets | 29/58 | €90,346 | €117,449 | +€27,104 | +30.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €49,430 | €57,230 | +€7,800 | +15.8% |
| Stocks | 30/36 | €49,430 | €57,230 | +€7,800 | +15.8% |
| Amounts receivable within one year | 40/41 | €37,303 | €50,030 | +€12,726 | +34.1% |
| Trade receivables | 40 | €19,741 | €22,049 | +€2,308 | +11.7% |
| Other amounts receivable | 41 | €17,562 | €27,981 | +€10,419 | +59.3% |
| Cash at bank and in hand | 54/58 | €3,612 | €10,189 | +€6,577 | +182.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €190,294 | €345,632 | +€155,338 | +81.6% |
| Equity | 10/15 | €110,518 | €141,225 | +€30,707 | +27.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €72,387 | €72,387 | = | 0.0% |
| Distributable reserves | 133 | €72,387 | €72,387 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,132 | €63,839 | +€30,707 | +92.7% |
| Amounts payable | 17/49 | €79,775 | €204,407 | +€124,631 | +156.2% |
| Amounts payable after more than one year | 17 | - | €44,017 | +€44,017 | |
| Financial debts | 170/4 | - | €44,017 | +€44,017 | |
| Amounts payable within one year | 42/48 | €79,775 | €160,390 | +€80,615 | +101.1% |
| Current portion of amounts payable after more than one year | 42 | - | €10,393 | +€10,393 | |
| Trade debts | 44 | €48,380 | €108,556 | +€60,176 | +124.4% |
| Suppliers | 440/4 | €48,380 | €108,556 | +€60,176 | +124.4% |
| Taxes, remuneration and social security | 45 | €31,114 | €41,429 | +€10,315 | +33.2% |
| Taxes | 450/3 | €22,435 | €29,377 | +€6,942 | +30.9% |
| Remuneration and social security | 454/9 | €8,679 | €12,052 | +€3,373 | +38.9% |
| Other amounts payable | 47/48 | €281 | €11 | -€269 | -96.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €112,600 | €95,585 | -€17,015 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,823 | €18,925 | +€5,102 | +36.9% |
| Other operating charges | 640/8 | €2,577 | €13,217 | +€10,640 | +412.9% |
| Non-recurring operating charges | 66A | - | €15,531 | +€15,531 | |
| Gross operating margin | 9900 | €176,357 | €190,783 | +€14,426 | +8.2% |
| Operating profit (loss) | 9901 | €47,357 | €47,525 | +€168 | +0.4% |
| Financial income | 75/76B | €26 | €636 | +€610 | +2372.9% |
| Recurring financial income | 75 | €26 | €636 | +€610 | +2372.9% |
| Financial charges | 65/66B | €618 | €1,709 | +€1,090 | +176.3% |
| Recurring financial charges | 65 | €618 | €1,709 | +€1,090 | +176.3% |
| Profit (loss) for the period before taxes | 9903 | €46,764 | €46,452 | -€312 | -0.7% |
| Income taxes | 67/77 | €13,632 | €15,745 | +€2,113 | +15.5% |
| Profit (loss) for the period | 9904 | €33,132 | €30,707 | -€2,425 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,132 | €30,707 | -€2,425 | -7.3% |
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 5 October 2026 via checked.be.