BÕ: 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.
BÕ
Largest movements
- Stocks and contracts +€30,933
up €30,933 (+276%), from €11,194 to €42,127
- Intangible fixed assets -€7,145
down €7,145 (-15.2%), from €46,985 to €39,840
- Tangible fixed assets -€7,009
down €7,009 (-11.1%), from €62,894 to €55,885
of which Other tangible fixed assets: -€4,029
- Other debts +€48,000
up €48,000 (+29.0%), from €165,252 to €213,252
- Tax, wage and social debts -€17,669
down €17,669 (-63.0%), from €28,066 to €10,397
of which Remuneration and social security: -€15,880
- Profit (loss) carried forward -€17,009
down €17,009 (-24.0%), from -€71,002 to -€88,010
- Trade debts +€7,469
up €7,469 (+77.4%), from €9,653 to €17,122
- Accrued charges and deferred income -€3,575
no longer reported in 2025 (was €3,575)
- Gross operating margin +€191,264
up €191,264 (+405%), from €47,200 to €238,464
- Staff costs +€112,713
up €112,713 (+102%), from €110,649 to €223,362
- Other operating charges +€11,463
up €11,463 (+630%), from €1,819 to €13,282
- Depreciation +€11,264
up €11,264 (+208%), from €5,417 to €16,681
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 | €136,544 | €153,760 | +€17,217 | +12.6% |
| Fixed assets | 21/28 | €110,029 | €95,876 | -€14,154 | -12.9% |
| Intangible fixed assets | 21 | €46,985 | €39,840 | -€7,145 | -15.2% |
| Tangible fixed assets | 22/27 | €62,894 | €55,885 | -€7,009 | -11.1% |
| Plant, machinery and equipment | 23 | €10,408 | €8,188 | -€2,221 | -21.3% |
| Furniture and vehicles | 24 | €13,507 | €12,748 | -€759 | -5.6% |
| Other tangible fixed assets | 26 | €38,979 | €34,950 | -€4,029 | -10.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €26,514 | €57,885 | +€31,370 | +118% |
| Stocks and contracts in progress | 3 | €11,194 | €42,127 | +€30,933 | +276% |
| Stocks | 30/36 | €11,194 | €42,127 | +€30,933 | +276% |
| Amounts receivable within one year | 40/41 | €1,765 | €546 | -€1,219 | -69.1% |
| Trade receivables | 40 | €1,433 | €546 | -€888 | -61.9% |
| Other amounts receivable | 41 | €332 | - | -€332 | |
| Cash at bank and in hand | 54/58 | €13,556 | €13,966 | +€410 | +3.0% |
| Deferred charges and accrued income | 490/1 | - | €1,247 | +€1,247 | |
| Total equity and liabilities | 10/49 | €136,544 | €153,760 | +€17,217 | +12.6% |
| Equity | 10/15 | -€70,002 | -€87,010 | -€17,009 | -24.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,002 | -€88,010 | -€17,009 | -24.0% |
| Amounts payable | 17/49 | €206,545 | €240,771 | +€34,226 | +16.6% |
| Amounts payable within one year | 42/48 | €202,970 | €240,771 | +€37,801 | +18.6% |
| Trade debts | 44 | €9,653 | €17,122 | +€7,469 | +77.4% |
| Suppliers | 440/4 | €9,653 | €17,122 | +€7,469 | +77.4% |
| Taxes, remuneration and social security | 45 | €28,066 | €10,397 | -€17,669 | -63.0% |
| Taxes | 450/3 | €5,167 | €3,379 | -€1,788 | -34.6% |
| Remuneration and social security | 454/9 | €22,898 | €7,018 | -€15,880 | -69.4% |
| Other amounts payable | 47/48 | €165,252 | €213,252 | +€48,000 | +29.0% |
| Accrued charges and deferred income | 492/3 | €3,575 | - | -€3,575 | |
| Remuneration, social security and pensions | 62 | €110,649 | €223,362 | +€112,713 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,417 | €16,681 | +€11,264 | +208% |
| Other operating charges | 640/8 | €1,819 | €13,282 | +€11,463 | +630% |
| Gross operating margin | 9900 | €47,200 | €238,464 | +€191,264 | +405% |
| Operating profit (loss) | 9901 | -€70,685 | -€14,860 | +€55,825 | +79.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €316 | €2,148 | +€1,832 | +579% |
| Recurring financial charges | 65 | €316 | €2,148 | +€1,832 | +579% |
| Profit (loss) for the period before taxes | 9903 | -€71,002 | -€17,009 | +€53,993 | +76.0% |
| Profit (loss) for the period | 9904 | -€71,002 | -€17,009 | +€53,993 | +76.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,002 | -€17,009 | +€53,993 | +76.0% |
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 23 October 2026 via checked.be.