BST-LINE: 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.
BST-LINE
Largest movements
- Current investments +€89,689
new in 2025: €89,689
- Cash -€54,341
down €54,341 (-41.4%), from €131,413 to €77,072
mainly Current investments (-€89,689) and Other debts (-€15,930)
- Tangible fixed assets -€8,197
down €8,197 (-38.5%), from €21,308 to €13,111
of which Furniture and vehicles: -€7,866
- Reserves +€39,567
up €39,567 (+32.1%), from €123,423 to €162,990
- Other debts -€15,930
down €15,930 (-84.6%), from €18,829 to €2,899
- Tax, wage and social debts +€5,074
up €5,074 (+2,632%), from €193 to €5,267
of which Taxes: +€3,374
- Gross operating margin +€30,801
up €30,801 (+79.9%), from €38,572 to €69,373
- Taxes +€9,784
up €9,784 (+103%), from €9,459 to €19,244
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 | €164,142 | €191,347 | +€27,205 | +16.6% |
| Fixed assets | 21/28 | €21,308 | €13,111 | -€8,197 | -38.5% |
| Tangible fixed assets | 22/27 | €21,308 | €13,111 | -€8,197 | -38.5% |
| Plant, machinery and equipment | 23 | €523 | €193 | -€331 | -63.1% |
| Furniture and vehicles | 24 | €20,785 | €12,918 | -€7,866 | -37.8% |
| Current assets | 29/58 | €142,834 | €178,235 | +€35,402 | +24.8% |
| Amounts receivable within one year | 40/41 | €9,688 | €10,382 | +€694 | +7.2% |
| Trade receivables | 40 | €6,547 | €10,382 | +€3,835 | +58.6% |
| Other amounts receivable | 41 | €3,141 | - | -€3,141 | |
| Current investments | 50/53 | - | €89,689 | +€89,689 | |
| Cash at bank and in hand | 54/58 | €131,413 | €77,072 | -€54,341 | -41.4% |
| Deferred charges and accrued income | 490/1 | €1,732 | €1,092 | -€640 | -36.9% |
| Total equity and liabilities | 10/49 | €164,142 | €191,347 | +€27,205 | +16.6% |
| Equity | 10/15 | €142,023 | €181,590 | +€39,567 | +27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,423 | €162,990 | +€39,567 | +32.1% |
| Distributable reserves | 133 | €123,423 | €162,990 | +€39,567 | +32.1% |
| Amounts payable | 17/49 | €22,119 | €9,757 | -€12,362 | -55.9% |
| Amounts payable within one year | 42/48 | €22,119 | €9,757 | -€12,362 | -55.9% |
| Trade debts | 44 | €3,097 | €1,591 | -€1,506 | -48.6% |
| Suppliers | 440/4 | €3,097 | €1,591 | -€1,506 | -48.6% |
| Taxes, remuneration and social security | 45 | €193 | €5,267 | +€5,074 | +2,632% |
| Taxes | 450/3 | €193 | €3,567 | +€3,374 | +1,750% |
| Remuneration and social security | 454/9 | - | €1,700 | +€1,700 | |
| Other amounts payable | 47/48 | €18,829 | €2,899 | -€15,930 | -84.6% |
| Non-recurring operating income | 76A | €8,099 | - | -€8,099 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,172 | €8,197 | +€24 | +0.3% |
| Other operating charges | 640/8 | €935 | €1,203 | +€267 | +28.6% |
| Gross operating margin | 9900 | €38,572 | €69,373 | +€30,801 | +79.9% |
| Operating profit (loss) | 9901 | €29,465 | €59,974 | +€30,509 | +104% |
| Financial income | 75/76B | €183 | €440 | +€257 | +141% |
| Recurring financial income | 75 | €183 | €440 | +€257 | +141% |
| Financial charges | 65/66B | €417 | €770 | +€353 | +84.8% |
| Recurring financial charges | 65 | €417 | €770 | +€353 | +84.8% |
| Profit (loss) for the period before taxes | 9903 | €29,231 | €59,644 | +€30,413 | +104% |
| Income taxes | 67/77 | €9,459 | €19,244 | +€9,784 | +103% |
| Profit (loss) for the period | 9904 | €19,771 | €40,400 | +€20,629 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €19,771 | €40,400 | +€20,629 | +104% |
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 23 October 2026 via checked.be.