BE TO B: 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.
BE TO B
Largest movements
- Receivables within one year -€344,137
down €344,137 (-50.9%), from €675,763 to €331,627
of which Trade receivables: -€350,455
- Stocks and contracts +€185,000
new in 2026: €185,000
- Tangible fixed assets -€57,933
down €57,933 (-11.4%), from €507,736 to €449,803
- Trade debts -€167,453
down €167,453 (-53.0%), from €316,137 to €148,684
- Debts after one year -€48,154
down €48,154 (-27.7%), from €174,054 to €125,901
- Gross operating margin -€86,503
down €86,503 (-34.9%), from €248,075 to €161,572
- Depreciation -€43,366
down €43,366 (-41.9%), from €103,612 to €60,246
- Staff costs -€11,349
down €11,349 (-11.8%), from €96,286 to €84,936
- Financial charges -€7,480
down €7,480 (-44.1%), from €16,949 to €9,469
- Other operating charges -€5,642
down €5,642 (-60.6%), from €9,316 to €3,674
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,200,254 | €972,634 | -€227,620 | -19.0% |
| Fixed assets | 21/28 | €513,940 | €456,007 | -€57,933 | -11.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €507,736 | €449,803 | -€57,933 | -11.4% |
| Land and buildings | 22 | €374,646 | €365,346 | -€9,300 | -2.5% |
| Plant, machinery and equipment | 23 | €28,003 | €23,295 | -€4,708 | -16.8% |
| Furniture and vehicles | 24 | €42,307 | €20,583 | -€21,725 | -51.3% |
| Leasing and similar rights | 25 | €62,780 | €40,580 | -€22,200 | -35.4% |
| Financial fixed assets | 28 | €6,204 | €6,204 | = | 0.0% |
| Current assets | 29/58 | €686,314 | €516,627 | -€169,687 | -24.7% |
| Stocks and contracts in progress | 3 | - | €185,000 | +€185,000 | |
| Contracts in progress | 37 | - | €185,000 | +€185,000 | |
| Amounts receivable within one year | 40/41 | €675,763 | €331,627 | -€344,137 | -50.9% |
| Trade receivables | 40 | €418,800 | €68,346 | -€350,455 | -83.7% |
| Other amounts receivable | 41 | €256,963 | €263,281 | +€6,318 | +2.5% |
| Cash at bank and in hand | 54/58 | €10,551 | €0 | -€10,551 | -100% |
| Total equity and liabilities | 10/49 | €1,200,254 | €972,634 | -€227,620 | -19.0% |
| Equity | 10/15 | €237,078 | €239,091 | +€2,013 | +0.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €217,078 | €219,091 | +€2,013 | +0.9% |
| Distributable reserves | 133 | €217,078 | €219,091 | +€2,013 | +0.9% |
| Amounts payable | 17/49 | €963,176 | €733,543 | -€229,633 | -23.8% |
| Amounts payable after more than one year | 17 | €174,054 | €125,901 | -€48,154 | -27.7% |
| Financial debts | 170/4 | €174,054 | €125,901 | -€48,154 | -27.7% |
| Amounts payable within one year | 42/48 | €789,121 | €607,642 | -€181,479 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €50,867 | €48,154 | -€2,713 | -5.3% |
| Financial debts | 43 | €202,371 | €204,585 | +€2,214 | +1.1% |
| Credit institutions | 430/8 | €202,371 | €4,585 | -€197,786 | -97.7% |
| Other loans | 439 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €316,137 | €148,684 | -€167,453 | -53.0% |
| Suppliers | 440/4 | €316,137 | €148,684 | -€167,453 | -53.0% |
| Taxes, remuneration and social security | 45 | €15,781 | €6,219 | -€9,561 | -60.6% |
| Taxes | 450/3 | €12,756 | €2,326 | -€10,430 | -81.8% |
| Remuneration and social security | 454/9 | €3,025 | €3,893 | +€869 | +28.7% |
| Other amounts payable | 47/48 | €203,965 | €200,000 | -€3,965 | -1.9% |
| Remuneration, social security and pensions | 62 | €96,286 | €84,936 | -€11,349 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,612 | €60,246 | -€43,366 | -41.9% |
| Other operating charges | 640/8 | €9,316 | €3,674 | -€5,642 | -60.6% |
| Gross operating margin | 9900 | €248,075 | €161,572 | -€86,503 | -34.9% |
| Operating profit (loss) | 9901 | €38,862 | €12,716 | -€26,145 | -67.3% |
| Financial income | 75/76B | €1,175 | €818 | -€357 | -30.4% |
| Recurring financial income | 75 | €1,175 | €818 | -€357 | -30.4% |
| Financial charges | 65/66B | €16,949 | €9,469 | -€7,480 | -44.1% |
| Recurring financial charges | 65 | €16,949 | €9,469 | -€7,480 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €23,087 | €4,066 | -€19,022 | -82.4% |
| Income taxes | 67/77 | €273 | €2,053 | +€1,779 | +651% |
| Profit (loss) for the period | 9904 | €22,814 | €2,013 | -€20,801 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,814 | €2,013 | -€20,801 | -91.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.