INITIALS B.B.: what changed
INITIALS B.B.
Largest movements
- Receivables within one year +€84,333
up €84,333 (+62.6%), from €134,799 to €219,132
of which Trade receivables: +€80,108
- Cash -€19,581
down €19,581 (-56.2%), from €34,817 to €15,236
mainly Receivables within one year (-€84,333) and Contributions, distributions and other (-€30,000)
- Tangible fixed assets -€11,727
down €11,727 (-4.3%), from €269,608 to €257,881
of which Land and buildings: -€10,702
- Tax, wage and social debts +€33,817
up €33,817 (+902%), from €3,750 to €37,567
of which Taxes: +€36,817
- Debts after one year -€21,961
down €21,961 (-18.8%), from €116,788 to €94,827
- Reserves +€20,000
up €20,000 (+7.9%), from €251,860 to €271,860
of which Distributable reserves: +€20,000
- Profit (loss) carried forward +€18,835
up €18,835 (+57.0%), from €33,026 to €51,861
- Gross operating margin +€124,627
up €124,627, from -€764 to €123,863
- Taxes +€35,360
up €35,360, from -€297 to €35,063
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €445,098 | €498,016 | +€52,918 | +11.9% |
| Fixed assets | 21/28 | €269,608 | €257,881 | -€11,727 | -4.3% |
| Tangible fixed assets | 22/27 | €269,608 | €257,881 | -€11,727 | -4.3% |
| Land and buildings | 22 | €266,727 | €256,026 | -€10,702 | -4.0% |
| Furniture and vehicles | 24 | €2,881 | €1,855 | -€1,026 | -35.6% |
| Current assets | 29/58 | €175,489 | €240,135 | +€64,646 | +36.8% |
| Stocks and contracts in progress | 3 | €5,811 | €5,680 | -€131 | -2.3% |
| Stocks | 30/36 | €5,811 | €5,680 | -€131 | -2.3% |
| Amounts receivable within one year | 40/41 | €134,799 | €219,132 | +€84,333 | +62.6% |
| Trade receivables | 40 | €28,116 | €108,224 | +€80,108 | +285% |
| Other amounts receivable | 41 | €106,683 | €110,908 | +€4,224 | +4.0% |
| Cash at bank and in hand | 54/58 | €34,817 | €15,236 | -€19,581 | -56.2% |
| Deferred charges and accrued income | 490/1 | €63 | €87 | +€25 | +39.5% |
| Total equity and liabilities | 10/49 | €445,098 | €498,016 | +€52,918 | +11.9% |
| Equity | 10/15 | €297,274 | €336,109 | +€38,835 | +13.1% |
| Contributions | 10/11 | €12,388 | €12,388 | = | 0.0% |
| Reserves | 13 | €251,860 | €271,860 | +€20,000 | +7.9% |
| Tax-exempt reserves | 132 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €216,860 | €236,860 | +€20,000 | +9.2% |
| Profit (loss) carried forward | 14 | €33,026 | €51,861 | +€18,835 | +57.0% |
| Amounts payable | 17/49 | €147,824 | €161,907 | +€14,083 | +9.5% |
| Amounts payable after more than one year | 17 | €116,788 | €94,827 | -€21,961 | -18.8% |
| Financial debts | 170/4 | €116,788 | €94,827 | -€21,961 | -18.8% |
| Amounts payable within one year | 42/48 | €30,923 | €67,016 | +€36,092 | +117% |
| Current portion of amounts payable after more than one year | 42 | €22,717 | €23,586 | +€869 | +3.8% |
| Trade debts | 44 | €4,457 | €5,863 | +€1,407 | +31.6% |
| Suppliers | 440/4 | €4,457 | €5,863 | +€1,407 | +31.6% |
| Taxes, remuneration and social security | 45 | €3,750 | €37,567 | +€33,817 | +902% |
| Taxes | 450/3 | €750 | €37,567 | +€36,817 | +4,909% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Accrued charges and deferred income | 492/3 | €112 | €64 | -€48 | -43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,391 | €12,214 | -€176 | -1.4% |
| Other operating charges | 640/8 | €2,625 | €2,845 | +€220 | +8.4% |
| Non-recurring operating charges | 66A | €662 | €251 | -€410 | -62.0% |
| Gross operating margin | 9900 | -€764 | €123,863 | +€124,627 | |
| Operating profit (loss) | 9901 | -€16,442 | €108,552 | +€124,993 | |
| Financial income | 75/76B | €292 | €171 | -€121 | -41.4% |
| Recurring financial income | 75 | €292 | €171 | -€121 | -41.4% |
| Financial charges | 65/66B | €5,650 | €4,825 | -€825 | -14.6% |
| Recurring financial charges | 65 | €5,650 | €4,825 | -€825 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,799 | €103,898 | +€125,697 | |
| Income taxes | 67/77 | -€297 | €35,063 | +€35,360 | |
| Profit (loss) for the period | 9904 | -€21,502 | €68,835 | +€90,337 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,502 | €68,835 | +€90,337 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.