BSBELETTERING: 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.
BSBELETTERING
Largest movements
- Receivables within one year +€23,431
up €23,431 (+92.3%), from €25,384 to €48,815
of which Trade receivables: +€23,935
- Cash -€15,817
down €15,817 (-26.6%), from €59,379 to €43,562
mainly Receivables within one year (-€23,431) and Investment in fixed assets (net) (-€12,893)
- Tangible fixed assets -€7,424
down €7,424 (-10.0%), from €74,174 to €66,749
of which Furniture and vehicles: -€3,852
- Intangible fixed assets +€1,862
new in 2025: €1,862
- Reserves +€20,881
up €20,881 (+22.2%), from €93,911 to €114,791
- Debts after one year -€11,897
down €11,897 (-51.1%), from €23,290 to €11,393
- Profit (loss) carried forward -€10,188
down €10,188 (-100%), from €10,188 to €0
- Other debts -€6,725
down €6,725 (-38.7%), from €17,378 to €10,652
- Trade debts +€5,346
up €5,346 (+197%), from €2,709 to €8,055
- Depreciation +€2,392
up €2,392 (+14.9%), from €16,063 to €18,456
- Write-downs -€1,645
down €1,645, from €1,020 to -€625
- Gross operating margin -€1,550
down €1,550 (-2.9%), from €53,130 to €51,579
- Financial income +€1,453
up €1,453 (+6,544%), from €22 to €1,475
- Financial charges +€1,363
up €1,363 (+117%), from €1,161 to €2,524
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 | €162,315 | €163,450 | +€1,135 | +0.7% |
| Fixed assets | 21/28 | €74,174 | €68,611 | -€5,563 | -7.5% |
| Intangible fixed assets | 21 | - | €1,862 | +€1,862 | |
| Tangible fixed assets | 22/27 | €74,174 | €66,749 | -€7,424 | -10.0% |
| Plant, machinery and equipment | 23 | €47,253 | €46,680 | -€573 | -1.2% |
| Furniture and vehicles | 24 | €11,446 | €7,594 | -€3,852 | -33.7% |
| Other tangible fixed assets | 26 | €15,475 | €12,476 | -€2,999 | -19.4% |
| Current assets | 29/58 | €88,142 | €94,839 | +€6,698 | +7.6% |
| Amounts receivable within one year | 40/41 | €25,384 | €48,815 | +€23,431 | +92.3% |
| Trade receivables | 40 | €21,841 | €45,776 | +€23,935 | +110% |
| Other amounts receivable | 41 | €3,542 | €3,039 | -€503 | -14.2% |
| Cash at bank and in hand | 54/58 | €59,379 | €43,562 | -€15,817 | -26.6% |
| Deferred charges and accrued income | 490/1 | €3,379 | €2,462 | -€917 | -27.1% |
| Total equity and liabilities | 10/49 | €162,315 | €163,450 | +€1,135 | +0.7% |
| Equity | 10/15 | €107,098 | €117,791 | +€10,693 | +10.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €93,911 | €114,791 | +€20,881 | +22.2% |
| Distributable reserves | 133 | €93,911 | €114,791 | +€20,881 | +22.2% |
| Profit (loss) carried forward | 14 | €10,188 | €0 | -€10,188 | -100% |
| Amounts payable | 17/49 | €55,217 | €45,659 | -€9,558 | -17.3% |
| Amounts payable after more than one year | 17 | €23,290 | €11,393 | -€11,897 | -51.1% |
| Financial debts | 170/4 | €23,290 | €11,393 | -€11,897 | -51.1% |
| Amounts payable within one year | 42/48 | €31,730 | €34,068 | +€2,339 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €11,643 | €11,927 | +€284 | +2.4% |
| Trade debts | 44 | €2,709 | €8,055 | +€5,346 | +197% |
| Suppliers | 440/4 | €2,709 | €8,055 | +€5,346 | +197% |
| Taxes, remuneration and social security | 45 | €0 | €3,434 | +€3,434 | |
| Taxes | 450/3 | €0 | €3,434 | +€3,434 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,378 | €10,652 | -€6,725 | -38.7% |
| Accrued charges and deferred income | 492/3 | €197 | €197 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,063 | €18,456 | +€2,392 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,020 | -€625 | -€1,645 | |
| Other operating charges | 640/8 | €2,780 | €1,533 | -€1,247 | -44.9% |
| Gross operating margin | 9900 | €53,130 | €51,579 | -€1,550 | -2.9% |
| Operating profit (loss) | 9901 | €33,266 | €32,215 | -€1,050 | -3.2% |
| Financial income | 75/76B | €22 | €1,475 | +€1,453 | +6,544% |
| Recurring financial income | 75 | €22 | €1,475 | +€1,453 | +6,544% |
| Financial charges | 65/66B | €1,161 | €2,524 | +€1,363 | +117% |
| Recurring financial charges | 65 | €1,161 | €2,524 | +€1,363 | +117% |
| Profit (loss) for the period before taxes | 9903 | €32,127 | €31,167 | -€960 | -3.0% |
| Income taxes | 67/77 | €10,448 | €10,274 | -€174 | -1.7% |
| Profit (loss) for the period | 9904 | €21,679 | €20,893 | -€786 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,679 | €20,893 | -€786 | -3.6% |
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.