BACK2BE: 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.
BACK2BE
Largest movements
- Financial fixed assets +€85,976
up €85,976 (+83.3%), from €103,191 to €189,167
- Receivables within one year +€22,663
up €22,663 (+17.3%), from €130,662 to €153,324
of which Trade receivables: +€30,544
- Profit (loss) carried forward +€112,982
up €112,982 (+67.7%), from €166,875 to €279,857
- Trade debts -€8,559
down €8,559 (-47.3%), from €18,099 to €9,540
- Financial charges -€171,914
down €171,914 (-96.6%), from €177,939 to €6,025
of which Non-recurring financial charges: -€172,135
- Write-downs -€141,499
down €141,499 (-95.0%), from €148,934 to €7,435
- Provisions +€140,000
up €140,000, from -€140,000 to €0
- Financial income +€81,012
up €81,012 (+1,632%), from €4,964 to €85,976
of which Financial income: +€85,976
- Gross operating margin -€9,287
down €9,287 (-3.9%), from €238,120 to €228,833
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.
Derived cash bridge
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 | €265,491 | €368,721 | +€103,230 | +38.9% |
| Fixed assets | 21/28 | €105,311 | €190,860 | +€85,549 | +81.2% |
| Tangible fixed assets | 22/27 | €2,120 | €1,693 | -€427 | -20.1% |
| Plant, machinery and equipment | 23 | €2,120 | €1,693 | -€427 | -20.1% |
| Financial fixed assets | 28 | €103,191 | €189,167 | +€85,976 | +83.3% |
| Current assets | 29/58 | €160,180 | €177,861 | +€17,681 | +11.0% |
| Amounts receivable within one year | 40/41 | €130,662 | €153,324 | +€22,663 | +17.3% |
| Trade receivables | 40 | €77,541 | €108,085 | +€30,544 | +39.4% |
| Other amounts receivable | 41 | €53,121 | €45,240 | -€7,881 | -14.8% |
| Cash at bank and in hand | 54/58 | €24,435 | €20,945 | -€3,490 | -14.3% |
| Deferred charges and accrued income | 490/1 | €5,084 | €3,591 | -€1,492 | -29.4% |
| Total equity and liabilities | 10/49 | €265,491 | €368,721 | +€103,230 | +38.9% |
| Equity | 10/15 | €180,515 | €293,497 | +€112,982 | +62.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €1,240 | €1,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,875 | €279,857 | +€112,982 | +67.7% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €84,977 | €75,224 | -€9,752 | -11.5% |
| Amounts payable within one year | 42/48 | €84,977 | €75,224 | -€9,752 | -11.5% |
| Trade debts | 44 | €18,099 | €9,540 | -€8,559 | -47.3% |
| Suppliers | 440/4 | €18,099 | €9,540 | -€8,559 | -47.3% |
| Taxes, remuneration and social security | 45 | €46,878 | €45,685 | -€1,193 | -2.5% |
| Taxes | 450/3 | €18,588 | €19,591 | +€1,003 | +5.4% |
| Remuneration and social security | 454/9 | €28,290 | €26,093 | -€2,197 | -7.8% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €182,305 | €176,211 | -€6,094 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15 | €427 | +€412 | +2,715% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €148,934 | €7,435 | -€141,499 | -95.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€140,000 | €0 | +€140,000 | |
| Other operating charges | 640/8 | €1,296 | €608 | -€688 | -53.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €238,120 | €228,833 | -€9,287 | -3.9% |
| Operating profit (loss) | 9901 | €45,569 | €44,152 | -€1,417 | -3.1% |
| Financial income | 75/76B | €4,964 | €85,976 | +€81,012 | +1,632% |
| Recurring financial income | 75 | €0 | €85,976 | +€85,976 | |
| Non-recurring financial income | 76B | €4,964 | €85,976 | +€81,012 | +1,632% |
| Financial charges | 65/66B | €177,939 | €6,025 | -€171,914 | -96.6% |
| Recurring financial charges | 65 | €5,805 | €6,025 | +€220 | +3.8% |
| Non-recurring financial charges | 66B | €172,135 | €0 | -€172,135 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€127,407 | €124,103 | +€251,510 | |
| Income taxes | 67/77 | €13,214 | €11,121 | -€2,093 | -15.8% |
| Profit (loss) for the period | 9904 | -€140,621 | €112,982 | +€253,603 | |
| Profit (loss) for the period to be appropriated | 9905 | -€140,621 | €112,982 | +€253,603 |
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 15 October 2026 via checked.be.