BO: 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.
BO
Largest movements
- Tangible fixed assets -€4,619
down €4,619 (-4.9%), from €94,810 to €90,191
of which Land and buildings: -€12,742
- Cash -€2,171
down €2,171 (-77.3%), from €2,807 to €636
mainly Net result for the year (-€23,604) and Investment in fixed assets (net) (-€9,945)
- Profit (loss) carried forward -€23,604
down €23,604 (-63.5%), from -€37,179 to -€60,784
- Trade debts +€12,562
up €12,562 (+8,974%), from €140 to €12,702
- Other debts +€3,943
up €3,943 (+3.4%), from €114,773 to €118,716
- Gross operating margin +€9,927
up €9,927 (+61.6%), from -€16,103 to -€6,177
- Other operating charges -€2,046
down €2,046 (-46.4%), from €4,406 to €2,359
- Depreciation +€1,133
up €1,133 (+8.4%), from €13,431 to €14,564
- Financial charges -€326
down €326 (-49.8%), from €655 to €328
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 | €101,167 | €93,966 | -€7,201 | -7.1% |
| Fixed assets | 21/28 | €94,810 | €90,191 | -€4,619 | -4.9% |
| Tangible fixed assets | 22/27 | €94,810 | €90,191 | -€4,619 | -4.9% |
| Land and buildings | 22 | €90,544 | €77,802 | -€12,742 | -14.1% |
| Plant, machinery and equipment | 23 | €534 | €385 | -€150 | -28.0% |
| Furniture and vehicles | 24 | €3,731 | €12,005 | +€8,273 | +222% |
| Current assets | 29/58 | €6,357 | €3,775 | -€2,582 | -40.6% |
| Amounts receivable within one year | 40/41 | €3,550 | €3,139 | -€412 | -11.6% |
| Trade receivables | 40 | €1,365 | - | -€1,365 | |
| Other amounts receivable | 41 | €2,185 | €3,139 | +€954 | +43.6% |
| Cash at bank and in hand | 54/58 | €2,807 | €636 | -€2,171 | -77.3% |
| Total equity and liabilities | 10/49 | €101,167 | €93,966 | -€7,201 | -7.1% |
| Equity | 10/15 | -€15,649 | -€39,253 | -€23,604 | -151% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €2,530 | €2,530 | = | 0.0% |
| Distributable reserves | 133 | €2,530 | €2,530 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,179 | -€60,784 | -€23,604 | -63.5% |
| Amounts payable | 17/49 | €116,816 | €133,220 | +€16,403 | +14.0% |
| Amounts payable within one year | 42/48 | €116,816 | €133,220 | +€16,403 | +14.0% |
| Trade debts | 44 | €140 | €12,702 | +€12,562 | +8,974% |
| Suppliers | 440/4 | €140 | €12,702 | +€12,562 | +8,974% |
| Taxes, remuneration and social security | 45 | €1,904 | €1,802 | -€102 | -5.4% |
| Taxes | 450/3 | €1,904 | €1,802 | -€102 | -5.4% |
| Other amounts payable | 47/48 | €114,773 | €118,716 | +€3,943 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,431 | €14,564 | +€1,133 | +8.4% |
| Other operating charges | 640/8 | €4,406 | €2,359 | -€2,046 | -46.4% |
| Gross operating margin | 9900 | -€16,103 | -€6,177 | +€9,927 | +61.6% |
| Operating profit (loss) | 9901 | -€33,940 | -€23,100 | +€10,840 | +31.9% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €655 | €328 | -€326 | -49.8% |
| Recurring financial charges | 65 | €655 | €328 | -€326 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | -€34,578 | -€23,428 | +€11,149 | +32.2% |
| Income taxes | 67/77 | €140 | €176 | +€37 | +26.2% |
| Profit (loss) for the period | 9904 | -€34,717 | -€23,604 | +€11,113 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,717 | -€23,604 | +€11,113 | +32.0% |
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 16 October 2026 via checked.be.