BUSINESS B: 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.
BUSINESS B
Largest movements
- Receivables within one year -€32,286
down €32,286 (-100.0%), from €32,294 to €7
of which Trade receivables: -€32,294
- Tangible fixed assets +€11,724
up €11,724 (+295%), from €3,970 to €15,694
of which Other tangible fixed assets: +€12,896
- Stocks and contracts -€7,841
down €7,841 (-17.5%), from €44,829 to €36,987
- Formation expenses -€1,214
no longer reported in 2025 (was €1,214)
- Trade debts -€28,640
down €28,640 (-58.6%), from €48,875 to €20,235
- Profit (loss) carried forward -€2,541
down €2,541 (-41.0%), from -€6,197 to -€8,738
- Gross operating margin +€7,002
up €7,002, from -€4,497 to €2,505
- Depreciation +€1,839
up €1,839 (+187%), from €982 to €2,821
- Other operating charges +€234
up €234 (+156%), from €150 to €384
- Financial charges +€59
up €59 (+10.3%), from €568 to €627
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 | €89,717 | €59,806 | -€29,912 | -33.3% |
| Formation expenses | 20 | €1,214 | - | -€1,214 | |
| Fixed assets | 21/28 | €3,970 | €15,694 | +€11,724 | +295% |
| Tangible fixed assets | 22/27 | €3,970 | €15,694 | +€11,724 | +295% |
| Furniture and vehicles | 24 | €2,988 | €2,270 | -€718 | -24.0% |
| Leasing and similar rights | 25 | €982 | €528 | -€454 | -46.3% |
| Other tangible fixed assets | 26 | - | €12,896 | +€12,896 | |
| Current assets | 29/58 | €84,533 | €44,112 | -€40,422 | -47.8% |
| Stocks and contracts in progress | 3 | €44,829 | €36,987 | -€7,841 | -17.5% |
| Stocks | 30/36 | €44,829 | €36,987 | -€7,841 | -17.5% |
| Amounts receivable within one year | 40/41 | €32,294 | €7 | -€32,286 | -100.0% |
| Trade receivables | 40 | €32,294 | - | -€32,294 | |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €7,265 | €7,035 | -€230 | -3.2% |
| Deferred charges and accrued income | 490/1 | €147 | €82 | -€65 | -44.0% |
| Total equity and liabilities | 10/49 | €89,717 | €59,806 | -€29,912 | -33.3% |
| Equity | 10/15 | €8,803 | €6,262 | -€2,541 | -28.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,197 | -€8,738 | -€2,541 | -41.0% |
| Amounts payable | 17/49 | €80,915 | €53,544 | -€27,371 | -33.8% |
| Amounts payable within one year | 42/48 | €80,915 | €53,544 | -€27,371 | -33.8% |
| Trade debts | 44 | €48,875 | €20,235 | -€28,640 | -58.6% |
| Suppliers | 440/4 | €48,875 | €20,235 | -€28,640 | -58.6% |
| Taxes, remuneration and social security | 45 | €1,021 | €1,505 | +€484 | +47.4% |
| Taxes | 450/3 | €1,021 | €1,505 | +€484 | +47.4% |
| Other amounts payable | 47/48 | €31,018 | €31,803 | +€785 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €982 | €2,821 | +€1,839 | +187% |
| Other operating charges | 640/8 | €150 | €384 | +€234 | +156% |
| Non-recurring operating charges | 66A | - | €1,214 | +€1,214 | |
| Gross operating margin | 9900 | -€4,497 | €2,505 | +€7,002 | |
| Operating profit (loss) | 9901 | -€5,629 | -€1,914 | +€3,715 | +66.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +250% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +250% |
| Financial charges | 65/66B | €568 | €627 | +€59 | +10.3% |
| Recurring financial charges | 65 | €568 | €627 | +€59 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,197 | -€2,541 | +€3,656 | +59.0% |
| Profit (loss) for the period | 9904 | -€6,197 | -€2,541 | +€3,656 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,197 | -€2,541 | +€3,656 | +59.0% |
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 19 October 2026 via checked.be.