BWB: 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.
BWB
Largest movements
- Receivables within one year -€31,578
down €31,578 (-26.4%), from €119,762 to €88,184
of which Trade receivables: -€23,896
- Cash +€3,192
up €3,192 (+3.6%), from €87,526 to €90,718
mainly Other debts (+€55,206) and Trade debts (+€34,234)
- Tangible fixed assets -€2,672
down €2,672 (-72.4%), from €3,689 to €1,017
of which Furniture and vehicles: -€2,580
- Profit (loss) carried forward -€107,608
down €107,608 (-47.5%), from -€226,536 to -€334,145
- Other debts +€55,206
up €55,206 (+124.7%), from €44,282 to €99,487
- Trade debts +€34,234
up €34,234 (+192.4%), from €17,795 to €52,029
- Tax, wage and social debts -€12,890
no longer reported in 2025 (was €12,890)
- Gross operating margin -€289,122
down €289,122, from €187,898 to -€101,224
- Staff costs -€153,594
down €153,594 (-98.0%), from €156,676 to €3,081
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 | €210,977 | €179,919 | -€31,058 | -14.7% |
| Fixed assets | 21/28 | €3,689 | €1,017 | -€2,672 | -72.4% |
| Tangible fixed assets | 22/27 | €3,689 | €1,017 | -€2,672 | -72.4% |
| Plant, machinery and equipment | 23 | €1,109 | €1,017 | -€92 | -8.3% |
| Furniture and vehicles | 24 | €2,580 | - | -€2,580 | |
| Current assets | 29/58 | €207,288 | €178,902 | -€28,386 | -13.7% |
| Amounts receivable within one year | 40/41 | €119,762 | €88,184 | -€31,578 | -26.4% |
| Trade receivables | 40 | €106,235 | €82,339 | -€23,896 | -22.5% |
| Other amounts receivable | 41 | €13,527 | €5,845 | -€7,682 | -56.8% |
| Cash at bank and in hand | 54/58 | €87,526 | €90,718 | +€3,192 | +3.6% |
| Total equity and liabilities | 10/49 | €210,977 | €179,919 | -€31,058 | -14.7% |
| Equity | 10/15 | €136,011 | €28,402 | -€107,608 | -79.1% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €343,647 | €343,647 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,890 | €1,890 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,890 | €1,890 | = | 0.0% |
| Distributable reserves | 133 | €341,757 | €341,757 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€226,536 | -€334,145 | -€107,608 | -47.5% |
| Amounts payable | 17/49 | €74,966 | €151,517 | +€76,550 | +102.1% |
| Amounts payable within one year | 42/48 | €74,966 | €151,517 | +€76,550 | +102.1% |
| Trade debts | 44 | €17,795 | €52,029 | +€34,234 | +192.4% |
| Suppliers | 440/4 | €17,795 | €52,029 | +€34,234 | +192.4% |
| Taxes, remuneration and social security | 45 | €12,890 | - | -€12,890 | |
| Remuneration and social security | 454/9 | €12,890 | - | -€12,890 | |
| Other amounts payable | 47/48 | €44,282 | €99,487 | +€55,206 | +124.7% |
| Remuneration, social security and pensions | 62 | €156,676 | €3,081 | -€153,594 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,043 | €2,672 | -€1,371 | -33.9% |
| Other operating charges | 640/8 | €777 | €520 | -€258 | -33.1% |
| Non-recurring operating charges | 66A | €4,923 | - | -€4,923 | |
| Gross operating margin | 9900 | €187,898 | -€101,224 | -€289,122 | |
| Operating profit (loss) | 9901 | €21,478 | -€107,498 | -€128,976 | |
| Financial charges | 65/66B | €151 | €111 | -€40 | -26.5% |
| Recurring financial charges | 65 | €151 | €111 | -€40 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €21,328 | -€107,608 | -€128,936 | |
| Profit (loss) for the period | 9904 | €21,328 | -€107,608 | -€128,936 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,328 | -€107,608 | -€128,936 |
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 10 October 2026 via checked.be.