BtoB Management: 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.
BtoB Management
Largest movements
- Cash -€25,398
down €25,398 (-50.1%), from €50,717 to €25,319
mainly Investment in fixed assets (net) (-€35,303) and Debts after one year (-€28,378)
- Tangible fixed assets +€18,482
up €18,482 (+11.3%), from €164,194 to €182,676
of which Plant, machinery and equipment: +€29,526
- Receivables within one year +€7,868
up €7,868 (+10.5%), from €74,667 to €82,535
of which Other amounts receivable: +€12,735
- Debts after one year -€28,378
down €28,378 (-11.1%), from €254,725 to €226,348
- Reserves +€10,000
up €10,000 (+57.6%), from €17,356 to €27,356
of which Distributable reserves: +€10,000
- Other debts +€10,000
new in 2025: €10,000
- Depreciation +€2,765
up €2,765 (+19.7%), from €14,056 to €16,820
- Taxes -€1,564
down €1,564 (-20.6%), from €7,587 to €6,023
- Financial charges +€974
up €974 (+15.4%), from €6,344 to €7,318
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 | €367,108 | €368,060 | +€952 | +0.3% |
| Fixed assets | 21/28 | €214,724 | €233,206 | +€18,482 | +8.6% |
| Tangible fixed assets | 22/27 | €164,194 | €182,676 | +€18,482 | +11.3% |
| Land and buildings | 22 | €156,543 | €144,502 | -€12,042 | -7.7% |
| Plant, machinery and equipment | 23 | €5,778 | €35,305 | +€29,526 | +511.0% |
| Furniture and vehicles | 24 | €1,872 | €2,869 | +€998 | +53.3% |
| Financial fixed assets | 28 | €50,530 | €50,530 | = | 0.0% |
| Current assets | 29/58 | €152,384 | €134,854 | -€17,530 | -11.5% |
| Amounts receivable within one year | 40/41 | €74,667 | €82,535 | +€7,868 | +10.5% |
| Trade receivables | 40 | €19,636 | €14,768 | -€4,868 | -24.8% |
| Other amounts receivable | 41 | €55,032 | €67,767 | +€12,735 | +23.1% |
| Current investments | 50/53 | €27,000 | €27,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €50,717 | €25,319 | -€25,398 | -50.1% |
| Total equity and liabilities | 10/49 | €367,108 | €368,060 | +€952 | +0.3% |
| Equity | 10/15 | €71,065 | €83,795 | +€12,730 | +17.9% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Capital | 10 | €6,300 | €6,300 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,300 | €12,300 | = | 0.0% |
| Reserves | 13 | €17,356 | €27,356 | +€10,000 | +57.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €496 | €496 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €25,000 | +€10,000 | +66.7% |
| Profit (loss) carried forward | 14 | €47,409 | €50,138 | +€2,730 | +5.8% |
| Amounts payable | 17/49 | €296,042 | €284,265 | -€11,777 | -4.0% |
| Amounts payable after more than one year | 17 | €254,725 | €226,348 | -€28,378 | -11.1% |
| Financial debts | 170/4 | €254,725 | €226,348 | -€28,378 | -11.1% |
| Amounts payable within one year | 42/48 | €41,317 | €57,918 | +€16,601 | +40.2% |
| Current portion of amounts payable after more than one year | 42 | €35,020 | €36,569 | +€1,548 | +4.4% |
| Financial debts | 43 | - | €924 | +€924 | |
| Credit institutions | 430/8 | - | €924 | +€924 | |
| Trade debts | 44 | €1,515 | €4,089 | +€2,574 | +169.9% |
| Suppliers | 440/4 | €1,515 | €4,089 | +€2,574 | +169.9% |
| Taxes, remuneration and social security | 45 | €4,782 | €6,335 | +€1,553 | +32.5% |
| Taxes | 450/3 | €4,782 | €3,335 | -€1,447 | -30.3% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €384 | €387 | +€3 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,056 | €16,820 | +€2,765 | +19.7% |
| Other operating charges | 640/8 | €2,093 | €2,186 | +€93 | +4.4% |
| Gross operating margin | 9900 | €45,800 | €45,439 | -€361 | -0.8% |
| Operating profit (loss) | 9901 | €29,267 | €26,045 | -€3,222 | -11.0% |
| Financial income | 75/76B | €134 | €25 | -€110 | -81.5% |
| Recurring financial income | 75 | €134 | €25 | -€110 | -81.5% |
| Financial charges | 65/66B | €6,344 | €7,318 | +€974 | +15.4% |
| Recurring financial charges | 65 | €6,344 | €7,318 | +€974 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €23,058 | €18,752 | -€4,306 | -18.7% |
| Income taxes | 67/77 | €7,587 | €6,023 | -€1,564 | -20.6% |
| Profit (loss) for the period | 9904 | €15,471 | €12,730 | -€2,742 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,471 | €12,730 | -€2,742 | -17.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.