R&O-BB: 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.
R&O-BB
Largest movements
- Cash +€286,850
up €286,850 (+257%), from €111,616 to €398,466
mainly Other debts (+€530,327) and Net result for the year (+€488,724)
- Current investments +€201,728
up €201,728 (+201%), from €100,488 to €302,216
- Receivables within one year +€26,083
up €26,083 (+8.8%), from €296,017 to €322,100
of which Other amounts receivable: +€42,500
- Other debts +€530,327
up €530,327 (+250%), from €212,460 to €742,787
- Reserves +€43,724
up €43,724 (+24.2%), from €180,341 to €224,065
of which Distributable reserves: +€45,584
- Debts after one year -€41,478
down €41,478 (-9.2%), from €451,181 to €409,703
- Gross operating margin +€264,257
up €264,257 (+60.0%), from €440,589 to €704,846
- Taxes +€16,619
up €16,619 (+120%), from €13,846 to €30,464
- Other operating charges -€9,039
down €9,039 (-75.8%), from €11,929 to €2,890
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 | €1,104,323 | €1,620,013 | +€515,690 | +46.7% |
| Fixed assets | 21/28 | €594,731 | €586,141 | -€8,590 | -1.4% |
| Intangible fixed assets | 21 | €16,533 | €4,000 | -€12,533 | -75.8% |
| Tangible fixed assets | 22/27 | €577,408 | €581,351 | +€3,943 | +0.7% |
| Land and buildings | 22 | €556,273 | €549,079 | -€7,194 | -1.3% |
| Plant, machinery and equipment | 23 | €8,565 | €19,429 | +€10,864 | +127% |
| Furniture and vehicles | 24 | €12,570 | €12,844 | +€274 | +2.2% |
| Financial fixed assets | 28 | €790 | €790 | = | 0.0% |
| Current assets | 29/58 | €509,592 | €1,033,872 | +€524,280 | +103% |
| Amounts receivable within one year | 40/41 | €296,017 | €322,100 | +€26,083 | +8.8% |
| Trade receivables | 40 | €268,126 | €251,710 | -€16,416 | -6.1% |
| Other amounts receivable | 41 | €27,891 | €70,390 | +€42,500 | +152% |
| Current investments | 50/53 | €100,488 | €302,216 | +€201,728 | +201% |
| Cash at bank and in hand | 54/58 | €111,616 | €398,466 | +€286,850 | +257% |
| Deferred charges and accrued income | 490/1 | €1,471 | €11,091 | +€9,620 | +654% |
| Total equity and liabilities | 10/49 | €1,104,323 | €1,620,013 | +€515,690 | +46.7% |
| Equity | 10/15 | €186,541 | €230,265 | +€43,724 | +23.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €180,341 | €224,065 | +€43,724 | +24.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €178,481 | €224,065 | +€45,584 | +25.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €917,782 | €1,389,748 | +€471,966 | +51.4% |
| Amounts payable after more than one year | 17 | €451,181 | €409,703 | -€41,478 | -9.2% |
| Financial debts | 170/4 | €451,181 | €409,703 | -€41,478 | -9.2% |
| Amounts payable within one year | 42/48 | €466,601 | €980,045 | +€513,444 | +110% |
| Current portion of amounts payable after more than one year | 42 | €40,599 | €41,478 | +€880 | +2.2% |
| Financial debts | 43 | €5,071 | €6,726 | +€1,655 | +32.6% |
| Credit institutions | 430/8 | €5,071 | €6,726 | +€1,655 | +32.6% |
| Trade debts | 44 | €188,087 | €179,675 | -€8,412 | -4.5% |
| Suppliers | 440/4 | €188,087 | €179,675 | -€8,412 | -4.5% |
| Taxes, remuneration and social security | 45 | €20,385 | €9,379 | -€11,006 | -54.0% |
| Taxes | 450/3 | €5,912 | €0 | -€5,912 | -100% |
| Remuneration and social security | 454/9 | €14,472 | €9,379 | -€5,094 | -35.2% |
| Other amounts payable | 47/48 | €212,460 | €742,787 | +€530,327 | +250% |
| Remuneration, social security and pensions | 62 | €116,621 | €119,524 | +€2,903 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,795 | €54,249 | -€3,547 | -6.1% |
| Other operating charges | 640/8 | €11,929 | €2,890 | -€9,039 | -75.8% |
| Gross operating margin | 9900 | €440,589 | €704,846 | +€264,257 | +60.0% |
| Operating profit (loss) | 9901 | €254,244 | €528,183 | +€273,939 | +108% |
| Financial income | 75/76B | €1 | €2,524 | +€2,523 | +476,045% |
| Recurring financial income | 75 | €1 | €2,524 | +€2,523 | +476,045% |
| Financial charges | 65/66B | €14,862 | €11,519 | -€3,343 | -22.5% |
| Recurring financial charges | 65 | €14,862 | €11,519 | -€3,343 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €239,383 | €519,188 | +€279,805 | +117% |
| Income taxes | 67/77 | €13,846 | €30,464 | +€16,619 | +120% |
| Profit (loss) for the period | 9904 | €225,537 | €488,724 | +€263,187 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €225,537 | €488,724 | +€263,187 | +117% |
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 14 October 2026 via checked.be.