BN-LARY: what changed
BN-LARY
Largest movements
- Tangible fixed assets -€89,820
down €89,820 (-26.1%), from €344,706 to €254,885
of which Leasing and similar rights: -€78,942
- Financial fixed assets +€15,500
up €15,500 (+13,911%), from €111 to €15,611
- Cash -€13,293
down €13,293 (-93.7%), from €14,190 to €896
mainly Debts after one year (-€75,752) and Trade debts (-€51,441)
- Deferred charges and accrued income -€9,312
down €9,312 (-25.6%), from €36,423 to €27,111
- Debts after one year -€75,752
down €75,752 (-38.2%), from €198,167 to €122,415
- Short-term financial debts +€64,874
up €64,874 (+77.5%), from €83,706 to €148,579
- Trade debts -€51,441
down €51,441 (-76.6%), from €67,114 to €15,673
- Profit (loss) carried forward -€45,504
down €45,504 (-946%), from -€4,809 to -€50,312
- Tax, wage and social debts +€12,749
up €12,749 (+15.3%), from €83,349 to €96,098
of which Remuneration and social security: +€10,399
- Gross operating margin -€150,609
down €150,609 (-29.8%), from €505,949 to €355,340
- Staff costs -€96,155
down €96,155 (-26.5%), from €362,756 to €266,601
- Depreciation -€10,011
down €10,011 (-10.6%), from €94,632 to €84,621
- Financial charges +€5,921
up €5,921 (+32.1%), from €18,447 to €24,368
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €611,223 | €508,807 | -€102,416 | -16.8% |
| Fixed assets | 21/28 | €344,817 | €270,497 | -€74,320 | -21.6% |
| Tangible fixed assets | 22/27 | €344,706 | €254,885 | -€89,820 | -26.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,503 | €1,368 | -€5,135 | -79.0% |
| Leasing and similar rights | 25 | €158,566 | €79,624 | -€78,942 | -49.8% |
| Other tangible fixed assets | 26 | €179,637 | €173,893 | -€5,744 | -3.2% |
| Financial fixed assets | 28 | €111 | €15,611 | +€15,500 | +13,911% |
| Current assets | 29/58 | €266,406 | €238,310 | -€28,096 | -10.5% |
| Amounts receivable within one year | 40/41 | €215,793 | €210,303 | -€5,491 | -2.5% |
| Trade receivables | 40 | €203,600 | €167,062 | -€36,538 | -17.9% |
| Other amounts receivable | 41 | €12,194 | €43,241 | +€31,047 | +255% |
| Cash at bank and in hand | 54/58 | €14,190 | €896 | -€13,293 | -93.7% |
| Deferred charges and accrued income | 490/1 | €36,423 | €27,111 | -€9,312 | -25.6% |
| Total equity and liabilities | 10/49 | €611,223 | €508,807 | -€102,416 | -16.8% |
| Equity | 10/15 | €97,492 | €51,989 | -€45,504 | -46.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,701 | €83,701 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €83,701 | €83,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,809 | -€50,312 | -€45,504 | -946% |
| Amounts payable | 17/49 | €513,731 | €456,818 | -€56,913 | -11.1% |
| Amounts payable after more than one year | 17 | €198,167 | €122,415 | -€75,752 | -38.2% |
| Financial debts | 170/4 | €198,167 | €122,415 | -€75,752 | -38.2% |
| Amounts payable within one year | 42/48 | €315,564 | €334,404 | +€18,840 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €81,395 | €74,052 | -€7,342 | -9.0% |
| Financial debts | 43 | €83,706 | €148,579 | +€64,874 | +77.5% |
| Credit institutions | 430/8 | €83,706 | €148,579 | +€64,874 | +77.5% |
| Trade debts | 44 | €67,114 | €15,673 | -€51,441 | -76.6% |
| Suppliers | 440/4 | €67,114 | €15,673 | -€51,441 | -76.6% |
| Taxes, remuneration and social security | 45 | €83,349 | €96,098 | +€12,749 | +15.3% |
| Taxes | 450/3 | €56,760 | €59,110 | +€2,350 | +4.1% |
| Remuneration and social security | 454/9 | €26,590 | €36,989 | +€10,399 | +39.1% |
| Non-recurring operating income | 76A | €52,140 | €3,387 | -€48,753 | -93.5% |
| Remuneration, social security and pensions | 62 | €362,756 | €266,601 | -€96,155 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,632 | €84,621 | -€10,011 | -10.6% |
| Other operating charges | 640/8 | €16,944 | €21,880 | +€4,935 | +29.1% |
| Non-recurring operating charges | 66A | €6,905 | €3,710 | -€3,195 | -46.3% |
| Gross operating margin | 9900 | €505,949 | €355,340 | -€150,609 | -29.8% |
| Operating profit (loss) | 9901 | €24,712 | -€21,472 | -€46,184 | |
| Financial income | 75/76B | €107 | €336 | +€229 | +215% |
| Recurring financial income | 75 | €107 | €336 | +€229 | +215% |
| Financial charges | 65/66B | €18,447 | €24,368 | +€5,921 | +32.1% |
| Recurring financial charges | 65 | €18,447 | €24,368 | +€5,921 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | €6,372 | -€45,504 | -€51,875 | |
| Income taxes | 67/77 | €3,141 | €0 | -€3,141 | -100% |
| Profit (loss) for the period | 9904 | €3,231 | -€45,504 | -€48,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,231 | -€45,504 | -€48,734 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.