by2.be: 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.
by2.be
Largest movements
- Deferred charges and accrued income +€665,680
up €665,680 (+130%), from €514,017 to €1.2m
- Receivables within one year +€543,556
up €543,556 (+1,030%), from €52,764 to €596,320
of which Trade receivables: +€394,608
- Tangible fixed assets +€114,549
up €114,549 (+12.1%), from €946,082 to €1.1m
of which Land and buildings: +€117,613
- Other debts +€739,601
up €739,601 (+223%), from €332,312 to €1.1m
- Trade debts +€348,598
up €348,598 (+1,164%), from €29,939 to €378,537
- Reserves +€299,909
up €299,909 (+74.8%), from €400,827 to €700,736
of which Distributable reserves: +€299,909
- Debts after one year -€53,000
down €53,000 (-7.2%), from €733,167 to €680,167
- Tax, wage and social debts -€37,358
down €37,358 (-82.2%), from €45,475 to €8,117
- Gross operating margin -€133,922
down €133,922 (-20.4%), from €658,078 to €524,156
- Financial charges +€29,128
up €29,128 (+562%), from €5,187 to €34,314
- Taxes -€16,619
down €16,619 (-10.4%), from €159,988 to €143,368
- Depreciation -€15,880
down €15,880 (-29.5%), from €53,920 to €38,041
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 | €1,613,320 | €2,911,070 | +€1.3m | +80.4% |
| Fixed assets | 21/28 | €946,082 | €1,060,631 | +€114,549 | +12.1% |
| Tangible fixed assets | 22/27 | €946,082 | €1,060,631 | +€114,549 | +12.1% |
| Land and buildings | 22 | €931,649 | €1,049,262 | +€117,613 | +12.6% |
| Furniture and vehicles | 24 | €14,433 | €11,369 | -€3,064 | -21.2% |
| Current assets | 29/58 | €667,237 | €1,850,439 | +€1.2m | +177% |
| Amounts receivable within one year | 40/41 | €52,764 | €596,320 | +€543,556 | +1,030% |
| Trade receivables | 40 | €25,880 | €420,488 | +€394,608 | +1,525% |
| Other amounts receivable | 41 | €26,884 | €175,832 | +€148,948 | +554% |
| Cash at bank and in hand | 54/58 | €100,457 | €74,422 | -€26,034 | -25.9% |
| Deferred charges and accrued income | 490/1 | €514,017 | €1,179,697 | +€665,680 | +130% |
| Total equity and liabilities | 10/49 | €1,613,320 | €2,911,070 | +€1.3m | +80.4% |
| Equity | 10/15 | €419,427 | €719,336 | +€299,909 | +71.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €400,827 | €700,736 | +€299,909 | +74.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €398,967 | €698,876 | +€299,909 | +75.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,193,893 | €2,191,734 | +€997,841 | +83.6% |
| Amounts payable after more than one year | 17 | €733,167 | €680,167 | -€53,000 | -7.2% |
| Financial debts | 170/4 | €733,167 | €680,167 | -€53,000 | -7.2% |
| Amounts payable within one year | 42/48 | €460,726 | €1,511,567 | +€1.1m | +228% |
| Current portion of amounts payable after more than one year | 42 | €53,000 | €53,000 | = | 0.0% |
| Trade debts | 44 | €29,939 | €378,537 | +€348,598 | +1,164% |
| Suppliers | 440/4 | €29,939 | €378,537 | +€348,598 | +1,164% |
| Taxes, remuneration and social security | 45 | €45,475 | €8,117 | -€37,358 | -82.2% |
| Taxes | 450/3 | €45,475 | €8,117 | -€37,358 | -82.2% |
| Other amounts payable | 47/48 | €332,312 | €1,071,913 | +€739,601 | +223% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,920 | €38,041 | -€15,880 | -29.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48 | €0 | -€48 | -100% |
| Other operating charges | 640/8 | €1,653 | €3,825 | +€2,172 | +131% |
| Non-recurring operating charges | 66A | €0 | €0 | -€0 | -100% |
| Gross operating margin | 9900 | €658,078 | €524,156 | -€133,922 | -20.4% |
| Operating profit (loss) | 9901 | €602,457 | €482,290 | -€120,167 | -19.9% |
| Financial income | 75/76B | €9,910 | €11,150 | +€1,240 | +12.5% |
| Recurring financial income | 75 | €9,910 | €11,150 | +€1,240 | +12.5% |
| Financial charges | 65/66B | €5,187 | €34,314 | +€29,128 | +562% |
| Recurring financial charges | 65 | €5,187 | €34,314 | +€29,128 | +562% |
| Profit (loss) for the period before taxes | 9903 | €607,180 | €459,125 | -€148,055 | -24.4% |
| Income taxes | 67/77 | €159,988 | €143,368 | -€16,619 | -10.4% |
| Profit (loss) for the period | 9904 | €447,192 | €315,757 | -€131,435 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €447,192 | €315,757 | -€131,435 | -29.4% |
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 27 October 2026 via checked.be.