B77C: 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.
B77C
Largest movements
- Tangible fixed assets -€68,150
down €68,150 (-7.9%), from €860,281 to €792,131
of which Land and buildings: -€66,835
- Cash -€46,814
down €46,814 (-81.0%), from €57,807 to €10,992
mainly Contributions, distributions and other (-€73,998) and Debts after one year (-€54,643)
- Receivables within one year -€36,123
down €36,123 (-44.8%), from €80,700 to €44,577
of which Trade receivables: -€36,123
- Reserves -€60,965
down €60,965 (-81.9%), from €74,440 to €13,475
of which Distributable reserves: -€60,965
- Debts after one year -€54,643
down €54,643 (-8.1%), from €673,546 to €618,903
- Trade debts -€30,897
down €30,897 (-32.4%), from €95,393 to €64,496
- Gross operating margin -€7,094
down €7,094 (-5.9%), from €121,014 to €113,921
- Depreciation +€2,187
up €2,187 (+3.0%), from €73,703 to €75,890
- Taxes -€1,379
down €1,379 (-22.5%), from €6,123 to €4,744
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 | €1,001,638 | €850,550 | -€151,088 | -15.1% |
| Fixed assets | 21/28 | €863,131 | €794,981 | -€68,150 | -7.9% |
| Tangible fixed assets | 22/27 | €860,281 | €792,131 | -€68,150 | -7.9% |
| Land and buildings | 22 | €812,135 | €745,300 | -€66,835 | -8.2% |
| Plant, machinery and equipment | 23 | €45,870 | €45,497 | -€373 | -0.8% |
| Furniture and vehicles | 24 | €2,276 | €1,334 | -€942 | -41.4% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €138,507 | €55,569 | -€82,937 | -59.9% |
| Amounts receivable within one year | 40/41 | €80,700 | €44,577 | -€36,123 | -44.8% |
| Trade receivables | 40 | €78,625 | €42,502 | -€36,123 | -45.9% |
| Other amounts receivable | 41 | €2,075 | €2,075 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,807 | €10,992 | -€46,814 | -81.0% |
| Total equity and liabilities | 10/49 | €1,001,638 | €850,550 | -€151,088 | -15.1% |
| Equity | 10/15 | €164,440 | €103,475 | -€60,965 | -37.1% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €74,440 | €13,475 | -€60,965 | -81.9% |
| Non-distributable reserves | 130/1 | €187 | €187 | = | 0.0% |
| Reserves not available under the articles | 1311 | €187 | €187 | = | 0.0% |
| Distributable reserves | 133 | €74,253 | €13,288 | -€60,965 | -82.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €837,198 | €747,075 | -€90,123 | -10.8% |
| Amounts payable after more than one year | 17 | €673,546 | €618,903 | -€54,643 | -8.1% |
| Financial debts | 170/4 | €673,546 | €618,903 | -€54,643 | -8.1% |
| Amounts payable within one year | 42/48 | €163,652 | €128,172 | -€35,480 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €53,692 | €54,643 | +€951 | +1.8% |
| Trade debts | 44 | €95,393 | €64,496 | -€30,897 | -32.4% |
| Suppliers | 440/4 | €95,393 | €64,496 | -€30,897 | -32.4% |
| Taxes, remuneration and social security | 45 | €14,567 | €9,033 | -€5,534 | -38.0% |
| Taxes | 450/3 | €14,567 | €9,033 | -€5,534 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,703 | €75,890 | +€2,187 | +3.0% |
| Other operating charges | 640/8 | €7,134 | €7,362 | +€227 | +3.2% |
| Non-recurring operating charges | 66A | €321 | €0 | -€321 | -100% |
| Gross operating margin | 9900 | €121,014 | €113,921 | -€7,094 | -5.9% |
| Operating profit (loss) | 9901 | €39,856 | €30,669 | -€9,187 | -23.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €13,836 | €12,891 | -€945 | -6.8% |
| Recurring financial charges | 65 | €13,836 | €12,891 | -€945 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €26,020 | €17,777 | -€8,242 | -31.7% |
| Income taxes | 67/77 | €6,123 | €4,744 | -€1,379 | -22.5% |
| Profit (loss) for the period | 9904 | €19,897 | €13,033 | -€6,864 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,897 | €13,033 | -€6,864 | -34.5% |
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 26 October 2026 via checked.be.