BO3: what changed
Two fiscal 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.
BO3
Largest movements
- Receivables within one year +€58,403
up €58,403 (+1321.0%), from €4,421 to €62,824
of which Trade receivables: +€54,832
- Cash -€21,426
down €21,426 (-62.0%), from €34,547 to €13,121
mainly Receivables within one year (-€58,403) and Contributions, distributions and other (-€10,000)
- Tangible fixed assets -€10,456
down €10,456 (-30.1%), from €34,712 to €24,256
of which Furniture and vehicles: -€13,158
- Trade debts +€14,378
up €14,378 (+3125.8%), from €460 to €14,838
- Tax, wage and social debts +€10,490
up €10,490 (+137.3%), from €7,641 to €18,131
of which Taxes: +€7,534
- Debts after one year -€9,376
down €9,376 (-36.0%), from €26,050 to €16,674
- Other debts +€9,167
up €9,167 (+1100.5%), from €833 to €10,000
- Reserves +€1,605
up €1,605 (+5.6%), from €28,894 to €30,499
- Gross operating margin -€10,747
down €10,747 (-26.1%), from €41,155 to €30,408
- Depreciation +€8,346
up €8,346 (+156.0%), from €5,350 to €13,696
- Taxes -€3,859
down €3,859 (-51.1%), from €7,552 to €3,693
- Financial charges +€655
up €655 (+72.6%), from €902 to €1,557
- Financial income +€521
up €521 (+8692.7%), from €6 to €527
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 | €75,811 | €102,517 | +€26,707 | +35.2% |
| Fixed assets | 21/28 | €34,712 | €24,256 | -€10,456 | -30.1% |
| Tangible fixed assets | 22/27 | €34,712 | €24,256 | -€10,456 | -30.1% |
| Plant, machinery and equipment | 23 | €507 | €3,209 | +€2,702 | +532.8% |
| Furniture and vehicles | 24 | €34,205 | €21,047 | -€13,158 | -38.5% |
| Current assets | 29/58 | €41,099 | €78,261 | +€37,162 | +90.4% |
| Amounts receivable within one year | 40/41 | €4,421 | €62,824 | +€58,403 | +1321.0% |
| Trade receivables | 40 | €2,891 | €57,722 | +€54,832 | +1896.9% |
| Other amounts receivable | 41 | €1,530 | €5,102 | +€3,571 | +233.3% |
| Cash at bank and in hand | 54/58 | €34,547 | €13,121 | -€21,426 | -62.0% |
| Deferred charges and accrued income | 490/1 | €2,131 | €2,316 | +€185 | +8.7% |
| Total equity and liabilities | 10/49 | €75,811 | €102,517 | +€26,707 | +35.2% |
| Equity | 10/15 | €31,894 | €33,499 | +€1,605 | +5.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,894 | €30,499 | +€1,605 | +5.6% |
| Distributable reserves | 133 | €28,894 | €30,499 | +€1,605 | +5.6% |
| Amounts payable | 17/49 | €43,917 | €69,019 | +€25,102 | +57.2% |
| Amounts payable after more than one year | 17 | €26,050 | €16,674 | -€9,376 | -36.0% |
| Financial debts | 170/4 | €26,050 | €16,674 | -€9,376 | -36.0% |
| Amounts payable within one year | 42/48 | €17,867 | €52,345 | +€34,478 | +193.0% |
| Current portion of amounts payable after more than one year | 42 | €8,932 | €9,376 | +€444 | +5.0% |
| Trade debts | 44 | €460 | €14,838 | +€14,378 | +3125.8% |
| Suppliers | 440/4 | €460 | €14,838 | +€14,378 | +3125.8% |
| Taxes, remuneration and social security | 45 | €7,641 | €18,131 | +€10,490 | +137.3% |
| Taxes | 450/3 | €7,641 | €15,175 | +€7,534 | +98.6% |
| Remuneration and social security | 454/9 | - | €2,956 | +€2,956 | |
| Other amounts payable | 47/48 | €833 | €10,000 | +€9,167 | +1100.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,350 | €13,696 | +€8,346 | +156.0% |
| Other operating charges | 640/8 | €67 | €383 | +€317 | +474.6% |
| Gross operating margin | 9900 | €41,155 | €30,408 | -€10,747 | -26.1% |
| Operating profit (loss) | 9901 | €35,739 | €16,329 | -€19,410 | -54.3% |
| Financial income | 75/76B | €6 | €527 | +€521 | +8692.7% |
| Recurring financial income | 75 | €6 | €527 | +€521 | +8692.7% |
| Financial charges | 65/66B | €902 | €1,557 | +€655 | +72.6% |
| Recurring financial charges | 65 | €902 | €1,557 | +€655 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | €34,843 | €15,298 | -€19,544 | -56.1% |
| Income taxes | 67/77 | €7,552 | €3,693 | -€3,859 | -51.1% |
| Profit (loss) for the period | 9904 | €27,290 | €11,605 | -€15,686 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,290 | €11,605 | -€15,686 | -57.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.