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 +€61,282
up €61,282 (+58.5%), from €104,739 to €166,021
mainly Receivables within one year (+€61,054) and Net result for the year (+€57,782)
- Receivables within one year -€61,054
down €61,054 (-23.9%), from €255,526 to €194,472
- Tangible fixed assets -€41,889
down €41,889 (-4.3%), from €978,193 to €936,304
- Current portion of long-term debt -€38,514
down €38,514 (-60.6%), from €63,603 to €25,088
- Debts after one year -€25,087
down €25,087 (-30.0%), from €83,594 to €58,506
- Gross operating margin -€5,571
down €5,571 (-3.6%), from €153,444 to €147,873
- Taxes -€2,244
down €2,244 (-7.0%), from €32,220 to €29,976
- Financial charges -€1,894
down €1,894 (-42.9%), from €4,411 to €2,517
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 | €1,338,458 | €1,296,796 | -€41,662 | -3.1% |
| Fixed assets | 21/28 | €978,193 | €936,304 | -€41,889 | -4.3% |
| Tangible fixed assets | 22/27 | €978,193 | €936,304 | -€41,889 | -4.3% |
| Land and buildings | 22 | €978,193 | €936,304 | -€41,889 | -4.3% |
| Current assets | 29/58 | €360,265 | €360,493 | +€228 | +0.1% |
| Amounts receivable within one year | 40/41 | €255,526 | €194,472 | -€61,054 | -23.9% |
| Other amounts receivable | 41 | €255,526 | €194,472 | -€61,054 | -23.9% |
| Cash at bank and in hand | 54/58 | €104,739 | €166,021 | +€61,282 | +58.5% |
| Total equity and liabilities | 10/49 | €1,338,458 | €1,296,796 | -€41,662 | -3.1% |
| Equity | 10/15 | €1,104,589 | €1,115,289 | +€10,701 | +1.0% |
| Contributions | 10/11 | €32,670 | €32,670 | = | 0.0% |
| Contributions outside capital | 11 | €32,670 | €32,670 | = | 0.0% |
| Other | 1109/19 | €32,670 | €32,670 | = | 0.0% |
| Reserves | 13 | €427,772 | €438,472 | +€10,701 | +2.5% |
| Tax-exempt reserves | 132 | €144,957 | €139,171 | -€5,787 | -4.0% |
| Distributable reserves | 133 | €282,815 | €299,302 | +€16,487 | +5.8% |
| Profit (loss) carried forward | 14 | €644,147 | €644,147 | = | 0.0% |
| Provisions and deferred taxes | 16 | €60,889 | €58,459 | -€2,431 | -4.0% |
| Deferred taxes | 168 | €60,889 | €58,459 | -€2,431 | -4.0% |
| Amounts payable | 17/49 | €172,980 | €123,048 | -€49,932 | -28.9% |
| Amounts payable after more than one year | 17 | €83,594 | €58,506 | -€25,087 | -30.0% |
| Financial debts | 170/4 | €83,594 | €58,506 | -€25,087 | -30.0% |
| Amounts payable within one year | 42/48 | €89,386 | €63,642 | -€25,744 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €63,603 | €25,088 | -€38,514 | -60.6% |
| Trade debts | 44 | - | €100 | +€100 | |
| Suppliers | 440/4 | - | €100 | +€100 | |
| Taxes, remuneration and social security | 45 | €18,734 | €27,997 | +€9,263 | +49.4% |
| Taxes | 450/3 | €18,734 | €27,997 | +€9,263 | +49.4% |
| Other amounts payable | 47/48 | €7,050 | €10,457 | +€3,407 | +48.3% |
| Accrued charges and deferred income | 492/3 | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,889 | €41,889 | = | 0.0% |
| Other operating charges | 640/8 | €19,865 | €20,555 | +€691 | +3.5% |
| Gross operating margin | 9900 | €153,444 | €147,873 | -€5,571 | -3.6% |
| Operating profit (loss) | 9901 | €91,690 | €85,428 | -€6,262 | -6.8% |
| Financial income | 75/76B | €2,442 | €2,416 | -€25 | -1.0% |
| Recurring financial income | 75 | €2,442 | €2,416 | -€25 | -1.0% |
| Financial charges | 65/66B | €4,411 | €2,517 | -€1,894 | -42.9% |
| Recurring financial charges | 65 | €4,411 | €2,517 | -€1,894 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €89,721 | €85,328 | -€4,393 | -4.9% |
| Transfer from deferred taxes | 780 | €2,431 | €2,431 | = | 0.0% |
| Income taxes | 67/77 | €32,220 | €29,976 | -€2,244 | -7.0% |
| Profit (loss) for the period | 9904 | €59,931 | €57,782 | -€2,149 | -3.6% |
| Transfer from tax-exempt reserves | 789 | €5,787 | €5,787 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,718 | €63,569 | -€2,149 | -3.3% |
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 19 October 2026 via checked.be.