B.E. Fin: what changed
Two fiscal 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.
B.E. Fin
Largest movements
- Cash +€5.6m
up €5.6m (+206.3%), from €2.7m to €8.3m
mainly Contributions, distributions and other (+€10.1m) and Trade debts (+€742,515)
- Financial fixed assets +€5.3m
up €5.3m (+1055.5%), from €500,000 to €5.8m
- Receivables within one year +€351,608
up €351,608 (+46.7%), from €753,010 to €1.1m
of which Other amounts receivable: +€379,931
- Contributions +€10.1m
up €10.1m (+1012.9%), from €1.0m to €11.1m
- Trade debts +€742,515
up €742,515 (+35.0%), from €2.1m to €2.9m
- Accrued charges and deferred income +€365,335
new in 2024: €365,335
- Financial income +€163,704
up €163,704 (+2781.4%), from €5,886 to €169,590
of which Financial income: +€165,868
- Financial charges +€103,273
up €103,273 (+980.1%), from €10,537 to €113,809
of which Non-recurring financial charges: +€84,203
- Gross operating margin -€36,696
down €36,696 (-2.0%), from €1.8m to €1.8m
- Other operating charges -€29,336
down €29,336 (-95.5%), from €30,718 to €1,382
- Staff costs -€19,042
down €19,042 (-1.1%), from €1.8m to €1.8m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,985,260 | €15,260,678 | +€11.3m | +282.9% |
| Fixed assets | 21/28 | €503,817 | €5,778,958 | +€5.3m | +1047.0% |
| Tangible fixed assets | 22/27 | €3,817 | €1,596 | -€2,221 | -58.2% |
| Furniture and vehicles | 24 | €3,817 | €1,596 | -€2,221 | -58.2% |
| Financial fixed assets | 28 | €500,000 | €5,777,362 | +€5.3m | +1055.5% |
| Current assets | 29/58 | €3,481,443 | €9,481,720 | +€6.0m | +172.4% |
| Amounts receivable within one year | 40/41 | €753,010 | €1,104,618 | +€351,608 | +46.7% |
| Trade receivables | 40 | €47,702 | €19,380 | -€28,323 | -59.4% |
| Other amounts receivable | 41 | €705,308 | €1,085,238 | +€379,931 | +53.9% |
| Cash at bank and in hand | 54/58 | €2,721,319 | €8,334,717 | +€5.6m | +206.3% |
| Deferred charges and accrued income | 490/1 | €7,114 | €42,386 | +€35,271 | +495.8% |
| Total equity and liabilities | 10/49 | €3,985,260 | €15,260,678 | +€11.3m | +282.9% |
| Equity | 10/15 | €1,329,383 | €11,532,129 | +€10.2m | +767.5% |
| Contributions | 10/11 | €1,000,000 | €11,128,716 | +€10.1m | +1012.9% |
| Capital | 10 | €1,000,000 | €11,128,716 | +€10.1m | +1012.9% |
| Issued capital | 100 | €1,000,000 | €34,762,387 | +€33.8m | +3376.2% |
| Uncalled capital | 101 | - | €23,633,671 | +€23.6m | |
| Reserves | 13 | €100,000 | €103,701 | +€3,701 | +3.7% |
| Non-distributable reserves | 130/1 | €100,000 | €103,701 | +€3,701 | +3.7% |
| Legal reserve | 130 | €100,000 | €103,701 | +€3,701 | +3.7% |
| Profit (loss) carried forward | 14 | €229,383 | €299,711 | +€70,328 | +30.7% |
| Amounts payable | 17/49 | €2,655,877 | €3,728,549 | +€1.1m | +40.4% |
| Amounts payable within one year | 42/48 | €2,655,877 | €3,363,214 | +€707,338 | +26.6% |
| Trade debts | 44 | €2,124,494 | €2,867,009 | +€742,515 | +35.0% |
| Suppliers | 440/4 | €2,124,494 | €2,867,009 | +€742,515 | +35.0% |
| Taxes, remuneration and social security | 45 | €338,162 | €276,164 | -€61,998 | -18.3% |
| Taxes | 450/3 | €69,207 | €48,849 | -€20,358 | -29.4% |
| Remuneration and social security | 454/9 | €268,954 | €227,315 | -€41,640 | -15.5% |
| Other amounts payable | 47/48 | €193,221 | €220,042 | +€26,821 | +13.9% |
| Accrued charges and deferred income | 492/3 | - | €365,335 | +€365,335 | |
| Remuneration, social security and pensions | 62 | €1,783,177 | €1,764,135 | -€19,042 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,141 | €2,221 | +€79 | +3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €688 | +€688 | |
| Other operating charges | 640/8 | €30,718 | €1,382 | -€29,336 | -95.5% |
| Gross operating margin | 9900 | €1,825,459 | €1,788,763 | -€36,696 | -2.0% |
| Operating profit (loss) | 9901 | €9,423 | €20,337 | +€10,915 | +115.8% |
| Financial income | 75/76B | €5,886 | €169,590 | +€163,704 | +2781.4% |
| Recurring financial income | 75 | €3,722 | €169,590 | +€165,868 | +4456.4% |
| Non-recurring financial income | 76B | €2,164 | - | -€2,164 | |
| Financial charges | 65/66B | €10,537 | €113,809 | +€103,273 | +980.1% |
| Recurring financial charges | 65 | €10,537 | €29,607 | +€19,070 | +181.0% |
| Non-recurring financial charges | 66B | - | €84,203 | +€84,203 | |
| Profit (loss) for the period before taxes | 9903 | €4,771 | €76,118 | +€71,346 | +1495.3% |
| Income taxes | 67/77 | €2,326 | €2,088 | -€238 | -10.2% |
| Profit (loss) for the period | 9904 | €2,446 | €74,029 | +€71,584 | +2927.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,446 | €74,029 | +€71,584 | +2927.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.