BSS+: 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.
BSS+
Largest movements
- Stocks and contracts +€47,408
up €47,408 (+583.1%), from €8,130 to €55,538
of which Contracts in progress: +€40,481
- Receivables within one year -€45,313
down €45,313 (-50.3%), from €90,070 to €44,757
of which Trade receivables: -€51,857
- Tangible fixed assets -€28,980
down €28,980 (-10.6%), from €272,391 to €243,410
of which Leasing and similar rights: -€21,583
- Cash +€6,986
up €6,986 (+164.7%), from €4,241 to €11,227
mainly Depreciation (+€62,803) and Receivables within one year (+€45,313)
- Reserves +€38,756
up €38,756 (+33.4%), from €115,923 to €154,679
- Debts after one year -€26,810
down €26,810 (-25.1%), from €107,003 to €80,193
- Trade debts -€23,901
down €23,901 (-34.8%), from €68,629 to €44,729
- Other debts -€22,908
no longer reported in 2025 (was €22,908)
- Tax, wage and social debts +€13,147
up €13,147 (+316.8%), from €4,150 to €17,298
of which Taxes: +€13,119
- Gross operating margin +€19,511
up €19,511 (+18.2%), from €107,224 to €126,735
- Depreciation +€13,680
up €13,680 (+27.8%), from €49,123 to €62,803
- Taxes +€4,010
up €4,010 (+37.2%), from €10,773 to €14,783
- Other operating charges -€3,391
down €3,391 (-64.2%), from €5,281 to €1,890
- Staff costs +€2,168
up €2,168 (+102.7%), from €2,112 to €4,281
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 | €383,358 | €359,761 | -€23,598 | -6.2% |
| Fixed assets | 21/28 | €273,759 | €244,462 | -€29,297 | -10.7% |
| Intangible fixed assets | 21 | €1,368 | €1,052 | -€317 | -23.1% |
| Tangible fixed assets | 22/27 | €272,391 | €243,410 | -€28,980 | -10.6% |
| Land and buildings | 22 | €8,739 | €7,626 | -€1,113 | -12.7% |
| Plant, machinery and equipment | 23 | €52,259 | €65,702 | +€13,443 | +25.7% |
| Furniture and vehicles | 24 | €76,968 | €57,240 | -€19,728 | -25.6% |
| Leasing and similar rights | 25 | €134,426 | €112,842 | -€21,583 | -16.1% |
| Current assets | 29/58 | €109,599 | €115,299 | +€5,699 | +5.2% |
| Stocks and contracts in progress | 3 | €8,130 | €55,538 | +€47,408 | +583.1% |
| Stocks | 30/36 | €8,130 | €15,056 | +€6,927 | +85.2% |
| Contracts in progress | 37 | - | €40,481 | +€40,481 | |
| Amounts receivable within one year | 40/41 | €90,070 | €44,757 | -€45,313 | -50.3% |
| Trade receivables | 40 | €86,501 | €34,644 | -€51,857 | -59.9% |
| Other amounts receivable | 41 | €3,569 | €10,113 | +€6,544 | +183.4% |
| Cash at bank and in hand | 54/58 | €4,241 | €11,227 | +€6,986 | +164.7% |
| Deferred charges and accrued income | 490/1 | €7,158 | €3,777 | -€3,381 | -47.2% |
| Total equity and liabilities | 10/49 | €383,358 | €359,761 | -€23,598 | -6.2% |
| Equity | 10/15 | €150,923 | €189,679 | +€38,756 | +25.7% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €115,923 | €154,679 | +€38,756 | +33.4% |
| Distributable reserves | 133 | €115,923 | €154,679 | +€38,756 | +33.4% |
| Amounts payable | 17/49 | €232,436 | €170,082 | -€62,354 | -26.8% |
| Amounts payable after more than one year | 17 | €107,003 | €80,193 | -€26,810 | -25.1% |
| Financial debts | 170/4 | €107,003 | €80,193 | -€26,810 | -25.1% |
| Amounts payable within one year | 42/48 | €121,784 | €88,837 | -€32,948 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €26,096 | €26,810 | +€714 | +2.7% |
| Trade debts | 44 | €68,629 | €44,729 | -€23,901 | -34.8% |
| Suppliers | 440/4 | €68,629 | €44,729 | -€23,901 | -34.8% |
| Taxes, remuneration and social security | 45 | €4,150 | €17,298 | +€13,147 | +316.8% |
| Taxes | 450/3 | €161 | €13,280 | +€13,119 | +8136.1% |
| Remuneration and social security | 454/9 | €3,989 | €4,018 | +€29 | +0.7% |
| Other amounts payable | 47/48 | €22,908 | - | -€22,908 | |
| Accrued charges and deferred income | 492/3 | €3,649 | €1,053 | -€2,596 | -71.1% |
| Non-recurring operating income | 76A | €13,862 | - | -€13,862 | |
| Remuneration, social security and pensions | 62 | €2,112 | €4,281 | +€2,168 | +102.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,123 | €62,803 | +€13,680 | +27.8% |
| Other operating charges | 640/8 | €5,281 | €1,890 | -€3,391 | -64.2% |
| Non-recurring operating charges | 66A | €8,948 | - | -€8,948 | |
| Gross operating margin | 9900 | €107,224 | €126,735 | +€19,511 | +18.2% |
| Operating profit (loss) | 9901 | €41,760 | €57,761 | +€16,001 | +38.3% |
| Financial income | 75/76B | €5 | €57 | +€52 | +1079.2% |
| Recurring financial income | 75 | €5 | €57 | +€52 | +1079.2% |
| Financial charges | 65/66B | €4,811 | €4,279 | -€532 | -11.1% |
| Recurring financial charges | 65 | €4,811 | €4,279 | -€532 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €36,954 | €53,539 | +€16,585 | +44.9% |
| Income taxes | 67/77 | €10,773 | €14,783 | +€4,010 | +37.2% |
| Profit (loss) for the period | 9904 | €26,181 | €38,756 | +€12,575 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,181 | €38,756 | +€12,575 | +48.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.