BS MANAGEMENT: 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.
BS MANAGEMENT
Largest movements
- Cash -€114,211
down €114,211 (-40.6%), from €281,365 to €167,154
mainly Investment in fixed assets (net) (-€114,856) and Receivables within one year (-€98,086)
- Receivables within one year +€98,086
up €98,086 (+129%), from €75,810 to €173,896
of which Trade receivables: +€102,285
- Tangible fixed assets +€96,998
up €96,998 (+419%), from €23,167 to €120,165
of which Furniture and vehicles: +€97,415
- Reserves +€112,742
up €112,742 (+9.9%), from €1.1m to €1.2m
- Tax, wage and social debts -€95,715
down €95,715 (-64.8%), from €147,675 to €51,960
of which Taxes: -€95,715
- Debts after one year +€49,034
new in 2025: €49,034
- Trade debts +€14,053
up €14,053 (+188%), from €7,477 to €21,530
- Financial income -€230,929
down €230,929 (-97.6%), from €236,560 to €5,631
- Services and other goods -€192,242
down €192,242 (-57.4%), from €334,880 to €142,638
- Turnover -€94,913
down €94,913 (-23.4%), from €405,598 to €310,685
- Taxes +€17,695
up €17,695 (+80.5%), from €21,982 to €39,677
- Depreciation +€14,426
up €14,426 (+420%), from €3,433 to €17,858
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 | €1,301,344 | €1,381,458 | +€80,114 | +6.2% |
| Fixed assets | 21/28 | €942,747 | €1,039,745 | +€96,998 | +10.3% |
| Tangible fixed assets | 22/27 | €23,167 | €120,165 | +€96,998 | +419% |
| Land and buildings | 22 | €570 | €285 | -€285 | -50.0% |
| Plant, machinery and equipment | 23 | €4,212 | €4,079 | -€132 | -3.1% |
| Furniture and vehicles | 24 | €18,385 | €115,800 | +€97,415 | +530% |
| Financial fixed assets | 28 | €919,581 | €919,581 | = | 0.0% |
| Affiliated companies | 280/1 | €919,581 | €919,581 | = | 0.0% |
| Participating interests | 280 | €919,546 | €919,546 | = | 0.0% |
| Amounts receivable | 281 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €358,597 | €341,713 | -€16,884 | -4.7% |
| Amounts receivable within one year | 40/41 | €75,810 | €173,896 | +€98,086 | +129% |
| Trade receivables | 40 | €58,695 | €160,980 | +€102,285 | +174% |
| Other amounts receivable | 41 | €17,115 | €12,916 | -€4,200 | -24.5% |
| Cash at bank and in hand | 54/58 | €281,365 | €167,154 | -€114,211 | -40.6% |
| Deferred charges and accrued income | 490/1 | €1,422 | €663 | -€759 | -53.4% |
| Total equity and liabilities | 10/49 | €1,301,344 | €1,381,458 | +€80,114 | +6.2% |
| Equity | 10/15 | €1,143,294 | €1,256,036 | +€112,742 | +9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,137,094 | €1,249,836 | +€112,742 | +9.9% |
| Distributable reserves | 133 | €1,137,094 | €1,249,836 | +€112,742 | +9.9% |
| Amounts payable | 17/49 | €158,050 | €125,422 | -€32,628 | -20.6% |
| Amounts payable after more than one year | 17 | - | €49,034 | +€49,034 | |
| Financial debts | 170/4 | - | €49,034 | +€49,034 | |
| Credit institutions | 173 | - | €49,034 | +€49,034 | |
| Amounts payable within one year | 42/48 | €155,151 | €73,489 | -€81,662 | -52.6% |
| Trade debts | 44 | €7,477 | €21,530 | +€14,053 | +188% |
| Suppliers | 440/4 | €7,477 | €21,530 | +€14,053 | +188% |
| Taxes, remuneration and social security | 45 | €147,675 | €51,960 | -€95,715 | -64.8% |
| Taxes | 450/3 | €146,565 | €50,850 | -€95,715 | -65.3% |
| Remuneration and social security | 454/9 | €1,110 | €1,110 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,899 | €2,899 | = | 0.0% |
| Operating income | 70/76A | €405,598 | €310,685 | -€94,913 | -23.4% |
| Turnover | 70 | €405,598 | €310,685 | -€94,913 | -23.4% |
| Operating charges | 60/66A | €339,059 | €161,295 | -€177,764 | -52.4% |
| Goods for resale, raw materials and consumables | 60 | €0 | - | = | |
| Purchases | 600/8 | €0 | - | = | |
| Services and other goods | 61 | €334,880 | €142,638 | -€192,242 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,433 | €17,858 | +€14,426 | +420% |
| Other operating charges | 640/8 | €747 | €799 | +€52 | +6.9% |
| Operating profit (loss) | 9901 | €66,539 | €149,390 | +€82,851 | +125% |
| Financial income | 75/76B | €236,560 | €5,631 | -€230,929 | -97.6% |
| Recurring financial income | 75 | €236,560 | €5,631 | -€230,929 | -97.6% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €225,000 | - | -€225,000 | |
| Other financial income | 752/9 | €11,560 | €5,631 | -€5,929 | -51.3% |
| Financial charges | 65/66B | €835 | €2,601 | +€1,766 | +211% |
| Recurring financial charges | 65 | €835 | €2,601 | +€1,766 | +211% |
| Other financial charges | 652/9 | €835 | €2,601 | +€1,766 | +211% |
| Profit (loss) for the period before taxes | 9903 | €302,263 | €152,419 | -€149,843 | -49.6% |
| Income taxes | 67/77 | €21,982 | €39,677 | +€17,695 | +80.5% |
| Taxes | 670/3 | €21,982 | €39,677 | +€17,695 | +80.5% |
| Profit (loss) for the period | 9904 | €280,281 | €112,742 | -€167,539 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €280,281 | €112,742 | -€167,539 | -59.8% |
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 24 October 2026 via checked.be.