BYZANCE: 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.
BYZANCE
Largest movements
- Cash +€19,626
up €19,626 (+14.8%), from €132,613 to €152,239
- Receivables within one year +€8,128
up €8,128 (+49.8%), from €16,316 to €24,444
of which Trade receivables: +€7,958
- Reserves +€47,361
up €47,361 (+111%), from €42,792 to €90,153
of which Distributable reserves: +€49,221
- Short-term financial debts -€10,000
no longer reported in 2025 (was €10,000)
- Tax, wage and social debts -€6,749
down €6,749 (-50.5%), from €13,354 to €6,605
- Trade debts -€4,909
down €4,909 (-50.7%), from €9,690 to €4,780
- Other debts +€4,900
up €4,900 (+14.0%), from €35,114 to €40,014
- Gross operating margin +€7,103
up €7,103 (+10.9%), from €65,143 to €72,246
- Taxes +€4,170
up €4,170 (+25.1%), from €16,640 to €20,810
- Financial charges -€1,037
down €1,037 (-78.8%), from €1,315 to €279
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,946 | €182,195 | +€28,248 | +18.3% |
| Fixed assets | 21/28 | €5,017 | €4,842 | -€175 | -3.5% |
| Tangible fixed assets | 22/27 | €5,017 | €4,842 | -€175 | -3.5% |
| Furniture and vehicles | 24 | €5,017 | €4,842 | -€175 | -3.5% |
| Current assets | 29/58 | €148,929 | €177,353 | +€28,424 | +19.1% |
| Amounts receivable within one year | 40/41 | €16,316 | €24,444 | +€8,128 | +49.8% |
| Trade receivables | 40 | €15,102 | €23,060 | +€7,958 | +52.7% |
| Other amounts receivable | 41 | €1,214 | €1,384 | +€170 | +14.0% |
| Cash at bank and in hand | 54/58 | €132,613 | €152,239 | +€19,626 | +14.8% |
| Deferred charges and accrued income | 490/1 | - | €670 | +€670 | |
| Total equity and liabilities | 10/49 | €153,946 | €182,195 | +€28,248 | +18.3% |
| Equity | 10/15 | €82,194 | €129,555 | +€47,361 | +57.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,792 | €90,153 | +€47,361 | +111% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €40,932 | €90,153 | +€49,221 | +120% |
| Profit (loss) carried forward | 14 | €20,803 | €20,803 | = | 0.0% |
| Amounts payable | 17/49 | €71,752 | €52,640 | -€19,112 | -26.6% |
| Amounts payable within one year | 42/48 | €71,752 | €52,640 | -€19,112 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €3,594 | €1,240 | -€2,354 | -65.5% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Other loans | 439 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €9,690 | €4,780 | -€4,909 | -50.7% |
| Suppliers | 440/4 | €9,690 | €4,780 | -€4,909 | -50.7% |
| Taxes, remuneration and social security | 45 | €13,354 | €6,605 | -€6,749 | -50.5% |
| Taxes | 450/3 | €13,354 | €6,605 | -€6,749 | -50.5% |
| Other amounts payable | 47/48 | €35,114 | €40,014 | +€4,900 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,690 | €2,125 | -€565 | -21.0% |
| Other operating charges | 640/8 | €1,622 | €1,762 | +€141 | +8.7% |
| Non-recurring operating charges | 66A | €1,946 | - | -€1,946 | |
| Gross operating margin | 9900 | €65,143 | €72,246 | +€7,103 | +10.9% |
| Operating profit (loss) | 9901 | €58,886 | €68,358 | +€9,472 | +16.1% |
| Financial income | 75/76B | €2 | €92 | +€90 | +4,628% |
| Recurring financial income | 75 | €2 | €92 | +€90 | +4,628% |
| Financial charges | 65/66B | €1,315 | €279 | -€1,037 | -78.8% |
| Recurring financial charges | 65 | €1,315 | €279 | -€1,037 | -78.8% |
| Profit (loss) for the period before taxes | 9903 | €57,572 | €68,171 | +€10,599 | +18.4% |
| Income taxes | 67/77 | €16,640 | €20,810 | +€4,170 | +25.1% |
| Profit (loss) for the period | 9904 | €40,932 | €47,361 | +€6,429 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,932 | €47,361 | +€6,429 | +15.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.