Bnbe: 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.
Bnbe
Largest movements
- Tangible fixed assets +€477,822
up €477,822 (+25,856%), from €1,848 to €479,670
of which Land and buildings: +€453,975
- Cash -€145,433
down €145,433 (-55.0%), from €264,185 to €118,753
mainly Investment in fixed assets (net) (-€494,284) and Other debts (-€94,150)
- Receivables within one year +€23,587
up €23,587 (+33.0%), from €71,544 to €95,131
of which Trade receivables: +€35,864
- Debts after one year +€392,367
new in 2025: €392,367
of which Financial debts: +€386,322
- Other debts -€94,150
down €94,150 (-41.7%), from €226,000 to €131,850
- Trade debts +€62,536
up €62,536 (+4,555%), from €1,373 to €63,909
- Current portion of long-term debt +€24,874
new in 2025: €24,874
- Profit (loss) carried forward -€17,154
down €17,154 (-27.5%), from €62,357 to €45,203
- Gross operating margin -€50,782
down €50,782 (-35.2%), from €144,185 to €93,403
- Depreciation +€14,568
up €14,568 (+769%), from €1,895 to €16,463
- Financial charges +€13,226
up €13,226 (+3,834%), from €345 to €13,571
- Staff costs +€8,708
up €8,708 (+12.2%), from €71,087 to €79,795
- Taxes -€5,427
down €5,427 (-90.3%), from €6,011 to €584
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 | €358,091 | €709,510 | +€351,419 | +98.1% |
| Fixed assets | 21/28 | €2,572 | €480,394 | +€477,822 | +18,578% |
| Tangible fixed assets | 22/27 | €1,848 | €479,670 | +€477,822 | +25,856% |
| Land and buildings | 22 | - | €453,975 | +€453,975 | |
| Plant, machinery and equipment | 23 | - | €910 | +€910 | |
| Furniture and vehicles | 24 | €1,848 | €24,784 | +€22,936 | +1,241% |
| Financial fixed assets | 28 | €724 | €724 | = | 0.0% |
| Current assets | 29/58 | €355,519 | €229,116 | -€126,403 | -35.6% |
| Stocks and contracts in progress | 3 | €19,790 | €15,233 | -€4,557 | -23.0% |
| Stocks | 30/36 | €19,790 | €15,233 | -€4,557 | -23.0% |
| Amounts receivable within one year | 40/41 | €71,544 | €95,131 | +€23,587 | +33.0% |
| Trade receivables | 40 | €59,267 | €95,131 | +€35,864 | +60.5% |
| Other amounts receivable | 41 | €12,277 | - | -€12,277 | |
| Cash at bank and in hand | 54/58 | €264,185 | €118,753 | -€145,433 | -55.0% |
| Total equity and liabilities | 10/49 | €358,091 | €709,510 | +€351,419 | +98.1% |
| Equity | 10/15 | €65,357 | €48,203 | -€17,154 | -26.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,357 | €45,203 | -€17,154 | -27.5% |
| Amounts payable | 17/49 | €292,734 | €661,307 | +€368,573 | +126% |
| Amounts payable after more than one year | 17 | - | €392,367 | +€392,367 | |
| Financial debts | 170/4 | - | €386,322 | +€386,322 | |
| Other amounts payable | 178/9 | - | €6,045 | +€6,045 | |
| Amounts payable within one year | 42/48 | €287,854 | €268,874 | -€18,980 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | - | €24,874 | +€24,874 | |
| Trade debts | 44 | €1,373 | €63,909 | +€62,536 | +4,555% |
| Suppliers | 440/4 | €1,373 | €63,909 | +€62,536 | +4,555% |
| Taxes, remuneration and social security | 45 | €60,481 | €48,240 | -€12,241 | -20.2% |
| Taxes | 450/3 | €46,957 | €32,566 | -€14,391 | -30.6% |
| Remuneration and social security | 454/9 | €13,524 | €15,674 | +€2,150 | +15.9% |
| Other amounts payable | 47/48 | €226,000 | €131,850 | -€94,150 | -41.7% |
| Accrued charges and deferred income | 492/3 | €4,880 | €66 | -€4,814 | -98.7% |
| Remuneration, social security and pensions | 62 | €71,087 | €79,795 | +€8,708 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,895 | €16,463 | +€14,568 | +769% |
| Other operating charges | 640/8 | €1,619 | €145 | -€1,474 | -91.0% |
| Gross operating margin | 9900 | €144,185 | €93,403 | -€50,782 | -35.2% |
| Operating profit (loss) | 9901 | €69,584 | -€2,999 | -€72,583 | |
| Financial charges | 65/66B | €345 | €13,571 | +€13,226 | +3,834% |
| Recurring financial charges | 65 | €345 | €13,571 | +€13,226 | +3,834% |
| Profit (loss) for the period before taxes | 9903 | €69,239 | -€16,570 | -€85,809 | |
| Income taxes | 67/77 | €6,011 | €584 | -€5,427 | -90.3% |
| Profit (loss) for the period | 9904 | €63,228 | -€17,154 | -€80,382 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,228 | -€17,154 | -€80,382 |
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 14 October 2026 via checked.be.