GROUPE B&O: 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.
GROUPE B&O
Largest movements
- Receivables within one year +€24,567
up €24,567 (+137%), from €17,884 to €42,452
- Cash -€14,305
down €14,305 (-25.7%), from €55,563 to €41,258
mainly Receivables within one year (-€24,567) and Investment in fixed assets (net) (-€13,719)
- Tangible fixed assets +€10,733
up €10,733 (+84.6%), from €12,680 to €23,413
of which Other tangible fixed assets: +€11,095
- Current investments -€3,701
no longer reported in 2025 (was €3,701)
- Trade debts +€21,078
up €21,078 (+34.6%), from €60,929 to €82,007
- Debts after one year -€8,347
down €8,347 (-57.1%), from €14,607 to €6,260
- Profit (loss) carried forward +€6,406
up €6,406 (+10.1%), from -€63,149 to -€56,743
- Tax, wage and social debts -€2,689
down €2,689 (-14.5%), from €18,537 to €15,848
of which Taxes: -€7,412
- Gross operating margin -€23,140
down €23,140 (-25.5%), from €90,840 to €67,701
- Depreciation -€6,496
down €6,496 (-68.5%), from €9,481 to €2,985
- Staff costs -€3,365
down €3,365 (-5.7%), from €59,034 to €55,669
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 | €99,082 | €115,530 | +€16,448 | +16.6% |
| Fixed assets | 21/28 | €19,605 | €30,338 | +€10,733 | +54.7% |
| Tangible fixed assets | 22/27 | €12,680 | €23,413 | +€10,733 | +84.6% |
| Plant, machinery and equipment | 23 | €938 | €577 | -€361 | -38.5% |
| Furniture and vehicles | 24 | €7,918 | €7,918 | -€0 | 0.0% |
| Other tangible fixed assets | 26 | €3,824 | €14,919 | +€11,095 | +290% |
| Financial fixed assets | 28 | €6,925 | €6,925 | = | 0.0% |
| Current assets | 29/58 | €79,477 | €85,191 | +€5,715 | +7.2% |
| Amounts receivable within one year | 40/41 | €17,884 | €42,452 | +€24,567 | +137% |
| Other amounts receivable | 41 | €17,884 | €42,452 | +€24,567 | +137% |
| Current investments | 50/53 | €3,701 | - | -€3,701 | |
| Cash at bank and in hand | 54/58 | €55,563 | €41,258 | -€14,305 | -25.7% |
| Deferred charges and accrued income | 490/1 | €2,328 | €1,482 | -€847 | -36.4% |
| Total equity and liabilities | 10/49 | €99,082 | €115,530 | +€16,448 | +16.6% |
| Equity | 10/15 | -€3,338 | €3,068 | +€6,406 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €9,811 | €9,811 | = | 0.0% |
| Non-distributable reserves | 130/1 | €811 | €811 | = | 0.0% |
| Reserves not available under the articles | 1311 | €811 | €811 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,149 | -€56,743 | +€6,406 | +10.1% |
| Amounts payable | 17/49 | €102,420 | €112,462 | +€10,042 | +9.8% |
| Amounts payable after more than one year | 17 | €14,607 | €6,260 | -€8,347 | -57.1% |
| Financial debts | 170/4 | €14,607 | €6,260 | -€8,347 | -57.1% |
| Amounts payable within one year | 42/48 | €87,813 | €106,202 | +€18,389 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €8,347 | €8,347 | = | 0.0% |
| Trade debts | 44 | €60,929 | €82,007 | +€21,078 | +34.6% |
| Suppliers | 440/4 | €60,929 | €82,007 | +€21,078 | +34.6% |
| Taxes, remuneration and social security | 45 | €18,537 | €15,848 | -€2,689 | -14.5% |
| Taxes | 450/3 | €15,478 | €8,066 | -€7,412 | -47.9% |
| Remuneration and social security | 454/9 | €3,059 | €7,782 | +€4,724 | +154% |
| Remuneration, social security and pensions | 62 | €59,034 | €55,669 | -€3,365 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,481 | €2,985 | -€6,496 | -68.5% |
| Other operating charges | 640/8 | €1,687 | €1,462 | -€225 | -13.3% |
| Gross operating margin | 9900 | €90,840 | €67,701 | -€23,140 | -25.5% |
| Operating profit (loss) | 9901 | €20,638 | €7,584 | -€13,054 | -63.3% |
| Financial charges | 65/66B | €1,100 | €1,179 | +€79 | +7.2% |
| Recurring financial charges | 65 | €1,100 | €1,179 | +€79 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €19,538 | €6,406 | -€13,133 | -67.2% |
| Income taxes | 67/77 | €70 | - | -€70 | |
| Profit (loss) for the period | 9904 | €19,469 | €6,406 | -€13,063 | -67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,469 | €6,406 | -€13,063 | -67.1% |
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 21 October 2026 via checked.be.