BBW: 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.
BBW
Largest movements
- Tangible fixed assets -€66,108
down €66,108 (-7.8%), from €852,153 to €786,045
of which Other tangible fixed assets: -€44,958
- Cash +€15,364
up €15,364 (+478.3%), from €3,212 to €18,576
mainly Depreciation (+€67,450) and Net result for the year (+€21,568)
- Other debts -€55,984
down €55,984 (-7.4%), from €761,152 to €705,168
- Profit (loss) carried forward +€35,166
up €35,166 (+5.2%), from -€681,861 to -€646,695
- Reserves -€13,598
down €13,598 (-2.1%), from €642,957 to €629,359
of which Tax-exempt reserves: -€13,598
- Provisions -€8,694
down €8,694 (-12.1%), from €71,842 to €63,148
- Gross operating margin +€57,076
up €57,076 (+172.2%), from €33,140 to €90,216
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 | €863,690 | €813,788 | -€49,902 | -5.8% |
| Fixed assets | 21/28 | €858,701 | €792,593 | -€66,108 | -7.7% |
| Tangible fixed assets | 22/27 | €852,153 | €786,045 | -€66,108 | -7.8% |
| Land and buildings | 22 | €484,199 | €463,622 | -€20,577 | -4.2% |
| Furniture and vehicles | 24 | €2,076 | €1,503 | -€573 | -27.6% |
| Other tangible fixed assets | 26 | €365,878 | €320,920 | -€44,958 | -12.3% |
| Financial fixed assets | 28 | €6,548 | €6,548 | = | 0.0% |
| Current assets | 29/58 | €4,989 | €21,195 | +€16,207 | +324.9% |
| Amounts receivable within one year | 40/41 | - | €878 | +€878 | |
| Trade receivables | 40 | - | €878 | +€878 | |
| Cash at bank and in hand | 54/58 | €3,212 | €18,576 | +€15,364 | +478.3% |
| Deferred charges and accrued income | 490/1 | €1,777 | €1,742 | -€35 | -2.0% |
| Total equity and liabilities | 10/49 | €863,690 | €813,788 | -€49,902 | -5.8% |
| Equity | 10/15 | €23,096 | €44,664 | +€21,568 | +93.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €642,957 | €629,359 | -€13,598 | -2.1% |
| Tax-exempt reserves | 132 | €110,406 | €96,808 | -€13,598 | -12.3% |
| Distributable reserves | 133 | €532,551 | €532,551 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€681,861 | -€646,695 | +€35,166 | +5.2% |
| Provisions and deferred taxes | 16 | €71,842 | €63,148 | -€8,694 | -12.1% |
| Deferred taxes | 168 | €71,842 | €63,148 | -€8,694 | -12.1% |
| Amounts payable | 17/49 | €768,752 | €705,976 | -€62,776 | -8.2% |
| Amounts payable within one year | 42/48 | €768,752 | €705,976 | -€62,776 | -8.2% |
| Trade debts | 44 | €7,600 | €808 | -€6,792 | -89.4% |
| Suppliers | 440/4 | €7,600 | €808 | -€6,792 | -89.4% |
| Other amounts payable | 47/48 | €761,152 | €705,168 | -€55,984 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,666 | €67,450 | -€216 | -0.3% |
| Other operating charges | 640/8 | €9,473 | €9,746 | +€273 | +2.9% |
| Gross operating margin | 9900 | €33,140 | €90,216 | +€57,076 | +172.2% |
| Operating profit (loss) | 9901 | -€43,998 | €13,020 | +€57,019 | |
| Financial charges | 65/66B | €150 | €146 | -€4 | -2.8% |
| Recurring financial charges | 65 | €150 | €146 | -€4 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€44,149 | €12,874 | +€57,023 | |
| Transfer from deferred taxes | 780 | €8,694 | €8,694 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€35,455 | €21,568 | +€57,023 | |
| Transfer from tax-exempt reserves | 789 | €13,598 | €13,598 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,857 | €35,166 | +€57,023 |
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.