BYLT+: 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.
BYLT+
Largest movements
- Receivables after one year +€65,000
new in 2025: €65,000
- Cash +€25,393
up €25,393 (+69.6%), from €36,467 to €61,860
mainly Net result for the year (+€56,983) and Tax, wage and social debts (+€23,263)
- Receivables within one year -€19,664
down €19,664 (-89.6%), from €21,958 to €2,294
of which Trade receivables: -€18,728
- Tangible fixed assets -€2,806
down €2,806 (-23.3%), from €12,026 to €9,219
of which Plant, machinery and equipment: -€2,427
- Stocks and contracts +€1,565
up €1,565 (+22.4%), from €6,974 to €8,539
- Reserves +€56,500
new in 2025: €56,500
- Tax, wage and social debts +€23,263
up €23,263 (+2246.6%), from €1,035 to €24,298
- Trade debts -€5,608
down €5,608 (-16.9%), from €33,251 to €27,643
- Other debts -€4,522
down €4,522 (-13.5%), from €33,464 to €28,943
- Gross operating margin +€77,085
up €77,085 (+1450.7%), from €5,314 to €82,399
- Taxes +€21,154
up €21,154 (+6294.8%), from €336 to €21,490
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 | €78,373 | €148,417 | +€70,043 | +89.4% |
| Formation expenses | 20 | €300 | €0 | -€300 | -100.0% |
| Fixed assets | 21/28 | €12,026 | €9,219 | -€2,806 | -23.3% |
| Tangible fixed assets | 22/27 | €12,026 | €9,219 | -€2,806 | -23.3% |
| Plant, machinery and equipment | 23 | €10,402 | €7,974 | -€2,427 | -23.3% |
| Furniture and vehicles | 24 | €1,624 | €1,245 | -€379 | -23.3% |
| Current assets | 29/58 | €66,048 | €139,198 | +€73,150 | +110.8% |
| Amounts receivable after more than one year | 29 | - | €65,000 | +€65,000 | |
| Other amounts receivable | 291 | - | €65,000 | +€65,000 | |
| Stocks and contracts in progress | 3 | €6,974 | €8,539 | +€1,565 | +22.4% |
| Stocks | 30/36 | €6,974 | €8,539 | +€1,565 | +22.4% |
| Amounts receivable within one year | 40/41 | €21,958 | €2,294 | -€19,664 | -89.6% |
| Trade receivables | 40 | €20,750 | €2,022 | -€18,728 | -90.3% |
| Other amounts receivable | 41 | €1,207 | €272 | -€936 | -77.5% |
| Cash at bank and in hand | 54/58 | €36,467 | €61,860 | +€25,393 | +69.6% |
| Deferred charges and accrued income | 490/1 | €649 | €1,505 | +€856 | +132.0% |
| Total equity and liabilities | 10/49 | €78,373 | €148,417 | +€70,043 | +89.4% |
| Equity | 10/15 | €10,363 | €67,346 | +€56,983 | +549.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €56,500 | +€56,500 | |
| Distributable reserves | 133 | - | €56,500 | +€56,500 | |
| Profit (loss) carried forward | 14 | €363 | €846 | +€483 | +133.0% |
| Amounts payable | 17/49 | €68,010 | €81,071 | +€13,060 | +19.2% |
| Amounts payable within one year | 42/48 | €68,010 | €81,071 | +€13,060 | +19.2% |
| Financial debts | 43 | €260 | €187 | -€72 | -27.8% |
| Credit institutions | 430/8 | €260 | €187 | -€72 | -27.8% |
| Trade debts | 44 | €33,251 | €27,643 | -€5,608 | -16.9% |
| Suppliers | 440/4 | €33,251 | €27,643 | -€5,608 | -16.9% |
| Taxes, remuneration and social security | 45 | €1,035 | €24,298 | +€23,263 | +2246.6% |
| Taxes | 450/3 | €1,035 | €24,298 | +€23,263 | +2246.6% |
| Other amounts payable | 47/48 | €33,464 | €28,943 | -€4,522 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,026 | €3,106 | +€81 | +2.7% |
| Other operating charges | 640/8 | €143 | €211 | +€68 | +47.8% |
| Gross operating margin | 9900 | €5,314 | €82,399 | +€77,085 | +1450.7% |
| Operating profit (loss) | 9901 | €2,145 | €79,082 | +€76,936 | +3586.2% |
| Financial income | 75/76B | - | €176 | +€176 | |
| Recurring financial income | 75 | - | €176 | +€176 | |
| Financial charges | 65/66B | €521 | €785 | +€265 | +50.8% |
| Recurring financial charges | 65 | €521 | €785 | +€265 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €1,625 | €78,473 | +€76,848 | +4730.3% |
| Income taxes | 67/77 | €336 | €21,490 | +€21,154 | +6294.8% |
| Profit (loss) for the period | 9904 | €1,289 | €56,983 | +€55,694 | +4322.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,289 | €56,983 | +€55,694 | +4322.3% |
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 9 October 2026 via checked.be.