EB 46 B: 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.
EB 46 B
Largest movements
- Stocks and contracts +€469,024
up €469,024 (+327.3%), from €143,302 to €612,326
- Cash -€16,919
down €16,919 (-90.8%), from €18,624 to €1,705
mainly Stocks and contracts (-€469,024) and Net result for the year (-€12,349)
- Other debts +€367,979
up €367,979 (+324.5%), from €113,399 to €481,378
- Trade debts +€93,918
up €93,918 (+269.4%), from €34,865 to €128,783
- Profit (loss) carried forward -€12,349
down €12,349 (-41.8%), from -€29,527 to -€41,877
- Gross operating margin -€11,548
down €11,548, from €325 to -€11,223
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 | €168,736 | €618,284 | +€449,548 | +266.4% |
| Current assets | 29/58 | €168,736 | €618,284 | +€449,548 | +266.4% |
| Stocks and contracts in progress | 3 | €143,302 | €612,326 | +€469,024 | +327.3% |
| Stocks | 30/36 | €143,302 | €612,326 | +€469,024 | +327.3% |
| Amounts receivable within one year | 40/41 | €5,640 | €3,165 | -€2,475 | -43.9% |
| Trade receivables | 40 | €753 | €0 | -€753 | -100.0% |
| Other amounts receivable | 41 | €4,888 | €3,165 | -€1,722 | -35.2% |
| Cash at bank and in hand | 54/58 | €18,624 | €1,705 | -€16,919 | -90.8% |
| Deferred charges and accrued income | 490/1 | €1,171 | €1,087 | -€83 | -7.1% |
| Total equity and liabilities | 10/49 | €168,736 | €618,284 | +€449,548 | +266.4% |
| Equity | 10/15 | €20,473 | €8,123 | -€12,349 | -60.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,527 | -€41,877 | -€12,349 | -41.8% |
| Amounts payable | 17/49 | €148,264 | €610,161 | +€461,897 | +311.5% |
| Amounts payable within one year | 42/48 | €148,264 | €610,161 | +€461,897 | +311.5% |
| Trade debts | 44 | €34,865 | €128,783 | +€93,918 | +269.4% |
| Suppliers | 440/4 | €34,865 | €128,783 | +€93,918 | +269.4% |
| Other amounts payable | 47/48 | €113,399 | €481,378 | +€367,979 | +324.5% |
| Other operating charges | 640/8 | €399 | €400 | +€0 | +0.1% |
| Gross operating margin | 9900 | €325 | -€11,223 | -€11,548 | |
| Operating profit (loss) | 9901 | -€74 | -€11,623 | -€11,549 | -15549.4% |
| Financial charges | 65/66B | €771 | €726 | -€45 | -5.8% |
| Recurring financial charges | 65 | €771 | €726 | -€45 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€845 | -€12,349 | -€11,504 | -1361.0% |
| Profit (loss) for the period | 9904 | -€845 | -€12,349 | -€11,504 | -1361.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€845 | -€12,349 | -€11,504 | -1361.0% |
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 12 October 2026 via checked.be.