BY21: 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.
BY21
Largest movements
- Receivables within one year +€16,315
up €16,315 (+141%), from €11,582 to €27,897
of which Trade receivables: +€17,517
- Tangible fixed assets +€10,455
up €10,455 (+28.5%), from €36,628 to €47,083
of which Other tangible fixed assets: +€12,278
- Stocks and contracts +€6,441
up €6,441 (+9.0%), from €71,726 to €78,167
- Cash -€6,125
down €6,125 (-30.5%), from €20,110 to €13,985
mainly Investment in fixed assets (net) (-€19,658) and Receivables within one year (-€16,315)
- Tax, wage and social debts +€22,616
up €22,616 (+124%), from €18,182 to €40,798
of which Remuneration and social security: +€21,607
- Other debts +€8,000
up €8,000 (+14.4%), from €55,545 to €63,545
- Trade debts -€5,484
down €5,484 (-10.1%), from €54,342 to €48,858
- Profit (loss) carried forward +€2,224
up €2,224 (+64.0%), from €3,476 to €5,700
- Turnover -€702,099
no longer reported in 2025 (was €702,099)
- Purchases and services -€678,131
no longer reported in 2025 (was €678,131)
- Gross operating margin +€7,932
up €7,932 (+13.2%), from €60,135 to €68,068
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 | €149,046 | €176,402 | +€27,356 | +18.4% |
| Fixed assets | 21/28 | €45,628 | €56,353 | +€10,725 | +23.5% |
| Tangible fixed assets | 22/27 | €36,628 | €47,083 | +€10,455 | +28.5% |
| Plant, machinery and equipment | 23 | €2,292 | €881 | -€1,411 | -61.6% |
| Furniture and vehicles | 24 | €412 | - | -€412 | |
| Other tangible fixed assets | 26 | €33,924 | €46,203 | +€12,278 | +36.2% |
| Financial fixed assets | 28 | €9,000 | €9,270 | +€270 | +3.0% |
| Current assets | 29/58 | €103,418 | €120,049 | +€16,631 | +16.1% |
| Stocks and contracts in progress | 3 | €71,726 | €78,167 | +€6,441 | +9.0% |
| Stocks | 30/36 | €71,726 | €78,167 | +€6,441 | +9.0% |
| Amounts receivable within one year | 40/41 | €11,582 | €27,897 | +€16,315 | +141% |
| Trade receivables | 40 | €9,917 | €27,434 | +€17,517 | +177% |
| Other amounts receivable | 41 | €1,665 | €463 | -€1,202 | -72.2% |
| Cash at bank and in hand | 54/58 | €20,110 | €13,985 | -€6,125 | -30.5% |
| Total equity and liabilities | 10/49 | €149,046 | €176,402 | +€27,356 | +18.4% |
| Equity | 10/15 | €13,476 | €15,700 | +€2,224 | +16.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,476 | €5,700 | +€2,224 | +64.0% |
| Amounts payable | 17/49 | €135,570 | €160,702 | +€25,132 | +18.5% |
| Amounts payable after more than one year | 17 | €7,500 | €7,500 | = | 0.0% |
| Other amounts payable | 178/9 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €128,070 | €153,202 | +€25,132 | +19.6% |
| Trade debts | 44 | €54,342 | €48,858 | -€5,484 | -10.1% |
| Suppliers | 440/4 | €54,342 | €48,858 | -€5,484 | -10.1% |
| Taxes, remuneration and social security | 45 | €18,182 | €40,798 | +€22,616 | +124% |
| Taxes | 450/3 | €398 | €1,407 | +€1,009 | +254% |
| Remuneration and social security | 454/9 | €17,784 | €39,391 | +€21,607 | +121% |
| Other amounts payable | 47/48 | €55,545 | €63,545 | +€8,000 | +14.4% |
| Turnover | 70 | €702,099 | - | -€702,099 | |
| Non-recurring operating income | 76A | - | €852 | +€852 | |
| Goods, raw materials, services and sundry goods | 60/61 | €678,131 | - | -€678,131 | |
| Remuneration, social security and pensions | 62 | €48,477 | €54,175 | +€5,698 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,079 | €8,933 | +€1,854 | +26.2% |
| Other operating charges | 640/8 | €1,988 | €712 | -€1,276 | -64.2% |
| Gross operating margin | 9900 | €60,135 | €68,068 | +€7,932 | +13.2% |
| Operating profit (loss) | 9901 | €2,592 | €4,248 | +€1,656 | +63.9% |
| Financial income | 75/76B | - | €103 | +€103 | |
| Recurring financial income | 75 | - | €103 | +€103 | |
| Financial charges | 65/66B | €5,944 | €478 | -€5,467 | -92.0% |
| Recurring financial charges | 65 | €5,944 | €478 | -€5,467 | -92.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,352 | €3,873 | +€7,225 | |
| Income taxes | 67/77 | €48 | €1,649 | +€1,601 | +3,342% |
| Profit (loss) for the period | 9904 | -€3,400 | €2,224 | +€5,624 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,400 | €2,224 | +€5,624 |
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.