BS TRADING: 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.
BS TRADING
Largest movements
- Tangible fixed assets +€430,131
up €430,131 (+7563.6%), from €5,687 to €435,818
of which Land and buildings: +€419,523
- Receivables after one year -€195,550
down €195,550 (-85.0%), from €230,000 to €34,450
- Receivables within one year -€19,792
down €19,792 (-39.8%), from €49,789 to €29,997
of which Other amounts receivable: -€29,467
- Debts after one year +€251,421
up €251,421, from €0 to €251,421
- Reserves -€53,277
down €53,277 (-22.6%), from €235,761 to €182,484
- Current portion of long-term debt +€10,316
up €10,316 (+267.0%), from €3,863 to €14,179
- Other debts +€7,600
up €7,600 (+27.6%), from €27,550 to €35,150
- Depreciation +€66,835
up €66,835 (+860.1%), from €7,771 to €74,606
- Taxes -€15,203
down €15,203 (-99.7%), from €15,249 to €45
- Gross operating margin +€14,341
up €14,341 (+28.4%), from €50,544 to €64,885
- Financial charges +€6,492
up €6,492 (+434.7%), from €1,494 to €7,986
- Financial income -€2,518
down €2,518 (-41.7%), from €6,044 to €3,526
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 | €302,086 | €517,005 | +€214,919 | +71.1% |
| Fixed assets | 21/28 | €5,687 | €435,818 | +€430,131 | +7563.6% |
| Tangible fixed assets | 22/27 | €5,687 | €435,818 | +€430,131 | +7563.6% |
| Land and buildings | 22 | - | €419,523 | +€419,523 | |
| Furniture and vehicles | 24 | €5,687 | €16,295 | +€10,608 | +186.5% |
| Current assets | 29/58 | €296,400 | €81,187 | -€215,212 | -72.6% |
| Amounts receivable after more than one year | 29 | €230,000 | €34,450 | -€195,550 | -85.0% |
| Other amounts receivable | 291 | €230,000 | €34,450 | -€195,550 | -85.0% |
| Amounts receivable within one year | 40/41 | €49,789 | €29,997 | -€19,792 | -39.8% |
| Trade receivables | 40 | €13,530 | €23,205 | +€9,675 | +71.5% |
| Other amounts receivable | 41 | €36,259 | €6,792 | -€29,467 | -81.3% |
| Cash at bank and in hand | 54/58 | €13,004 | €12,632 | -€371 | -2.9% |
| Deferred charges and accrued income | 490/1 | €3,607 | €4,108 | +€501 | +13.9% |
| Total equity and liabilities | 10/49 | €302,086 | €517,005 | +€214,919 | +71.1% |
| Equity | 10/15 | €254,361 | €201,084 | -€53,277 | -20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €235,761 | €182,484 | -€53,277 | -22.6% |
| Distributable reserves | 133 | €235,761 | €182,484 | -€53,277 | -22.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €47,726 | €315,921 | +€268,195 | +562.0% |
| Amounts payable after more than one year | 17 | €0 | €251,421 | +€251,421 | |
| Financial debts | 170/4 | €0 | €251,421 | +€251,421 | |
| Amounts payable within one year | 42/48 | €47,726 | €64,354 | +€16,628 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €3,863 | €14,179 | +€10,316 | +267.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,303 | €4,070 | +€2,766 | +212.2% |
| Suppliers | 440/4 | €1,303 | €4,070 | +€2,766 | +212.2% |
| Taxes, remuneration and social security | 45 | €15,009 | €10,955 | -€4,054 | -27.0% |
| Taxes | 450/3 | €15,009 | €10,955 | -€4,054 | -27.0% |
| Other amounts payable | 47/48 | €27,550 | €35,150 | +€7,600 | +27.6% |
| Accrued charges and deferred income | 492/3 | €0 | €146 | +€146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,771 | €74,606 | +€66,835 | +860.1% |
| Other operating charges | 640/8 | €904 | €2,051 | +€1,147 | +126.8% |
| Non-recurring operating charges | 66A | €1,711 | €0 | -€1,711 | -100.0% |
| Gross operating margin | 9900 | €50,544 | €64,885 | +€14,341 | +28.4% |
| Operating profit (loss) | 9901 | €40,158 | -€11,772 | -€51,930 | |
| Financial income | 75/76B | €6,044 | €3,526 | -€2,518 | -41.7% |
| Recurring financial income | 75 | €6,044 | €3,526 | -€2,518 | -41.7% |
| Financial charges | 65/66B | €1,494 | €7,986 | +€6,492 | +434.7% |
| Recurring financial charges | 65 | €1,494 | €7,986 | +€6,492 | +434.7% |
| Profit (loss) for the period before taxes | 9903 | €44,708 | -€16,231 | -€60,939 | |
| Income taxes | 67/77 | €15,249 | €45 | -€15,203 | -99.7% |
| Profit (loss) for the period | 9904 | €29,459 | -€16,277 | -€45,736 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,459 | -€16,277 | -€45,736 |
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 6 October 2026 via checked.be.