BY-H: 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.
BY-H
Largest movements
- Receivables within one year +€51,325
up €51,325 (+149.8%), from €34,268 to €85,594
of which Trade receivables: +€49,677
- Cash +€5,504
up €5,504 (+704.4%), from €781 to €6,285
mainly Trade debts (+€43,096) and Net result for the year (+€10,134)
- Deferred charges and accrued income +€2,367
new in 2025: €2,367
- Tangible fixed assets -€1,969
down €1,969 (-60.7%), from €3,242 to €1,272
of which Plant, machinery and equipment: -€1,742
- Trade debts +€43,096
up €43,096 (+996.8%), from €4,323 to €47,419
- Reserves +€10,100
up €10,100 (+61.2%), from €16,500 to €26,600
- Tax, wage and social debts +€3,947
up €3,947 (+30.4%), from €12,970 to €16,917
of which Taxes: +€4,243
- Gross operating margin +€17,590
up €17,590 (+25.8%), from €68,251 to €85,841
- Staff costs +€7,985
up €7,985 (+13.8%), from €57,725 to €65,710
- Other operating charges +€2,473
up €2,473 (+324.2%), from €763 to €3,236
- Taxes +€2,151
up €2,151 (+87.4%), from €2,462 to €4,614
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 | €38,291 | €95,518 | +€57,227 | +149.5% |
| Fixed assets | 21/28 | €3,242 | €1,272 | -€1,969 | -60.7% |
| Tangible fixed assets | 22/27 | €3,242 | €1,272 | -€1,969 | -60.7% |
| Plant, machinery and equipment | 23 | €3,014 | €1,272 | -€1,742 | -57.8% |
| Furniture and vehicles | 24 | €227 | €0 | -€227 | -100.0% |
| Current assets | 29/58 | €35,050 | €94,246 | +€59,196 | +168.9% |
| Amounts receivable within one year | 40/41 | €34,268 | €85,594 | +€51,325 | +149.8% |
| Trade receivables | 40 | €30,960 | €80,637 | +€49,677 | +160.5% |
| Other amounts receivable | 41 | €3,309 | €4,957 | +€1,648 | +49.8% |
| Cash at bank and in hand | 54/58 | €781 | €6,285 | +€5,504 | +704.4% |
| Deferred charges and accrued income | 490/1 | - | €2,367 | +€2,367 | |
| Total equity and liabilities | 10/49 | €38,291 | €95,518 | +€57,227 | +149.5% |
| Equity | 10/15 | €19,433 | €29,568 | +€10,134 | +52.1% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €16,500 | €26,600 | +€10,100 | +61.2% |
| Distributable reserves | 133 | €16,500 | €26,600 | +€10,100 | +61.2% |
| Profit (loss) carried forward | 14 | €2,733 | €2,768 | +€34 | +1.2% |
| Amounts payable | 17/49 | €18,858 | €65,950 | +€47,093 | +249.7% |
| Amounts payable within one year | 42/48 | €18,858 | €65,950 | +€47,093 | +249.7% |
| Trade debts | 44 | €4,323 | €47,419 | +€43,096 | +996.8% |
| Suppliers | 440/4 | €4,323 | €47,419 | +€43,096 | +996.8% |
| Taxes, remuneration and social security | 45 | €12,970 | €16,917 | +€3,947 | +30.4% |
| Taxes | 450/3 | €3,574 | €7,817 | +€4,243 | +118.7% |
| Remuneration and social security | 454/9 | €9,396 | €9,100 | -€296 | -3.1% |
| Other amounts payable | 47/48 | €1,565 | €1,615 | +€50 | +3.2% |
| Remuneration, social security and pensions | 62 | €57,725 | €65,710 | +€7,985 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,127 | €1,969 | -€158 | -7.4% |
| Other operating charges | 640/8 | €763 | €3,236 | +€2,473 | +324.2% |
| Gross operating margin | 9900 | €68,251 | €85,841 | +€17,590 | +25.8% |
| Operating profit (loss) | 9901 | €7,636 | €14,926 | +€7,291 | +95.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €143 | €179 | +€35 | +24.7% |
| Recurring financial charges | 65 | €143 | €179 | +€35 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €7,493 | €14,748 | +€7,254 | +96.8% |
| Income taxes | 67/77 | €2,462 | €4,614 | +€2,151 | +87.4% |
| Profit (loss) for the period | 9904 | €5,031 | €10,134 | +€5,103 | +101.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,031 | €10,134 | +€5,103 | +101.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.