BSTATE: 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.
BSTATE
Largest movements
- Cash +€59,294
up €59,294 (+89.5%), from €66,279 to €125,574
mainly Other debts (+€44,789) and Net result for the year (+€43,086)
- Receivables within one year +€3,918
up €3,918 (+22.8%), from €17,203 to €21,121
of which Trade receivables: +€7,276
- Other debts +€44,789
new in 2025: €44,789
- Tax, wage and social debts +€17,517
up €17,517 (+940.1%), from €1,863 to €19,381
of which Taxes: +€14,478
- Gross operating margin +€37,038
up €37,038 (+181.2%), from €20,443 to €57,481
- Taxes +€6,882
up €6,882 (+125.8%), from €5,468 to €12,350
- Depreciation -€992
down €992 (-75.7%), from €1,311 to €319
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 | €85,210 | €146,695 | +€61,485 | +72.2% |
| Fixed assets | 21/28 | €319 | €0 | -€319 | -100.0% |
| Tangible fixed assets | 22/27 | €319 | €0 | -€319 | -100.0% |
| Plant, machinery and equipment | 23 | €319 | €0 | -€319 | -100.0% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €84,891 | €146,695 | +€61,804 | +72.8% |
| Amounts receivable within one year | 40/41 | €17,203 | €21,121 | +€3,918 | +22.8% |
| Trade receivables | 40 | €13,845 | €21,121 | +€7,276 | +52.6% |
| Other amounts receivable | 41 | €3,358 | - | -€3,358 | |
| Cash at bank and in hand | 54/58 | €66,279 | €125,574 | +€59,294 | +89.5% |
| Deferred charges and accrued income | 490/1 | €1,409 | - | -€1,409 | |
| Total equity and liabilities | 10/49 | €85,210 | €146,695 | +€61,485 | +72.2% |
| Equity | 10/15 | €82,433 | €82,433 | = | 0.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €74,933 | €74,933 | = | 0.0% |
| Distributable reserves | 133 | €74,933 | €74,933 | = | 0.0% |
| Amounts payable | 17/49 | €2,777 | €64,262 | +€61,485 | +2214.2% |
| Amounts payable within one year | 42/48 | €2,777 | €64,262 | +€61,485 | +2214.2% |
| Trade debts | 44 | €913 | €0 | -€913 | -100.0% |
| Suppliers | 440/4 | €913 | €0 | -€913 | -100.0% |
| Advances received on contracts in progress | 46 | - | €93 | +€93 | |
| Taxes, remuneration and social security | 45 | €1,863 | €19,381 | +€17,517 | +940.1% |
| Taxes | 450/3 | €1,863 | €16,342 | +€14,478 | +777.0% |
| Remuneration and social security | 454/9 | - | €3,039 | +€3,039 | |
| Other amounts payable | 47/48 | - | €44,789 | +€44,789 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,311 | €319 | -€992 | -75.7% |
| Other operating charges | 640/8 | €1,516 | €1,439 | -€76 | -5.0% |
| Gross operating margin | 9900 | €20,443 | €57,481 | +€37,038 | +181.2% |
| Operating profit (loss) | 9901 | €17,617 | €55,723 | +€38,107 | +216.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.7% |
| Financial charges | 65/66B | €155 | €287 | +€133 | +85.7% |
| Recurring financial charges | 65 | €155 | €287 | +€133 | +85.7% |
| Profit (loss) for the period before taxes | 9903 | €17,463 | €55,436 | +€37,974 | +217.5% |
| Income taxes | 67/77 | €5,468 | €12,350 | +€6,882 | +125.8% |
| Profit (loss) for the period | 9904 | €11,994 | €43,086 | +€31,092 | +259.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,994 | €43,086 | +€31,092 | +259.2% |
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 7 October 2026 via checked.be.