BK 44: 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.
BK 44
Largest movements
- Cash +€57,428
up €57,428 (+867.3%), from €6,622 to €64,049
mainly Net result for the year (+€53,200) and Receivables within one year (+€14,232)
- Receivables within one year -€14,232
down €14,232 (-43.2%), from €32,975 to €18,743
of which Trade receivables: -€12,352
- Tangible fixed assets -€5,008
down €5,008 (-27.8%), from €18,023 to €13,015
of which Furniture and vehicles: -€4,606
- Reserves +€53,200
up €53,200 (+2860.2%), from €1,860 to €55,060
of which Distributable reserves: +€53,200
- Tax, wage and social debts -€9,626
down €9,626 (-61.5%), from €15,652 to €6,026
- Other debts -€7,003
down €7,003 (-6.1%), from €115,517 to €108,514
- Advances received +€4,041
new in 2025: €4,041
- Current portion of long-term debt -€2,765
down €2,765 (-74.8%), from €3,696 to €931
- Staff costs -€5,387
down €5,387 (-27.6%), from €19,537 to €14,149
- Gross operating margin -€2,457
down €2,457 (-2.7%), from €89,690 to €87,233
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 | €159,309 | €198,136 | +€38,827 | +24.4% |
| Fixed assets | 21/28 | €18,023 | €13,015 | -€5,008 | -27.8% |
| Tangible fixed assets | 22/27 | €18,023 | €13,015 | -€5,008 | -27.8% |
| Furniture and vehicles | 24 | €14,989 | €10,383 | -€4,606 | -30.7% |
| Other tangible fixed assets | 26 | €3,034 | €2,632 | -€403 | -13.3% |
| Current assets | 29/58 | €141,286 | €185,121 | +€43,836 | +31.0% |
| Amounts receivable within one year | 40/41 | €32,975 | €18,743 | -€14,232 | -43.2% |
| Trade receivables | 40 | €29,972 | €17,620 | -€12,352 | -41.2% |
| Other amounts receivable | 41 | €3,003 | €1,123 | -€1,880 | -62.6% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,622 | €64,049 | +€57,428 | +867.3% |
| Deferred charges and accrued income | 490/1 | €1,689 | €2,329 | +€640 | +37.9% |
| Total equity and liabilities | 10/49 | €159,309 | €198,136 | +€38,827 | +24.4% |
| Equity | 10/15 | €20,460 | €73,660 | +€53,200 | +260.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €55,060 | +€53,200 | +2860.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €53,200 | +€53,200 | |
| Amounts payable | 17/49 | €138,849 | €124,476 | -€14,373 | -10.4% |
| Amounts payable after more than one year | 17 | €931 | - | -€931 | |
| Financial debts | 170/4 | €931 | - | -€931 | |
| Amounts payable within one year | 42/48 | €137,918 | €124,476 | -€13,442 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €3,696 | €931 | -€2,765 | -74.8% |
| Trade debts | 44 | €3,053 | €4,963 | +€1,910 | +62.6% |
| Suppliers | 440/4 | €3,053 | €4,963 | +€1,910 | +62.6% |
| Advances received on contracts in progress | 46 | - | €4,041 | +€4,041 | |
| Taxes, remuneration and social security | 45 | €15,652 | €6,026 | -€9,626 | -61.5% |
| Taxes | 450/3 | €15,652 | €6,026 | -€9,626 | -61.5% |
| Other amounts payable | 47/48 | €115,517 | €108,514 | -€7,003 | -6.1% |
| Remuneration, social security and pensions | 62 | €19,537 | €14,149 | -€5,387 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,665 | €5,008 | +€343 | +7.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €89,690 | €87,233 | -€2,457 | -2.7% |
| Operating profit (loss) | 9901 | €65,101 | €67,676 | +€2,575 | +4.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -77.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -77.1% |
| Financial charges | 65/66B | €725 | €585 | -€140 | -19.4% |
| Recurring financial charges | 65 | €725 | €585 | -€140 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €64,376 | €67,091 | +€2,715 | +4.2% |
| Income taxes | 67/77 | €13,199 | €13,891 | +€692 | +5.2% |
| Profit (loss) for the period | 9904 | €51,177 | €53,200 | +€2,023 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,177 | €53,200 | +€2,023 | +4.0% |
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 10 October 2026 via checked.be.