B.E.I.: 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.I.
Largest movements
- Tangible fixed assets -€60,036
down €60,036 (-8.9%), from €676,829 to €616,793
of which Plant, machinery and equipment: -€49,480
- Receivables within one year +€9,916
up €9,916 (+51.6%), from €19,200 to €29,116
- Trade debts -€25,956
down €25,956 (-35.6%), from €72,918 to €46,962
- Debts after one year -€18,650
down €18,650 (-4.4%), from €422,214 to €403,564
of which Financial debts: -€18,650
- Financial charges -€1,829
down €1,829 (-9.9%), from €18,552 to €16,723
- Gross operating margin -€1,803
down €1,803 (-2.1%), from €85,487 to €83,684
- Other operating charges +€1,298
up €1,298 (+14.8%), from €8,783 to €10,081
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.
Cash bridge derived
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 | €702,129 | €654,425 | -€47,704 | -6.8% |
| Fixed assets | 21/28 | €676,829 | €616,793 | -€60,036 | -8.9% |
| Tangible fixed assets | 22/27 | €676,829 | €616,793 | -€60,036 | -8.9% |
| Land and buildings | 22 | €187,013 | €176,457 | -€10,556 | -5.6% |
| Plant, machinery and equipment | 23 | €489,816 | €440,336 | -€49,480 | -10.1% |
| Current assets | 29/58 | €25,300 | €37,632 | +€12,332 | +48.7% |
| Amounts receivable within one year | 40/41 | €19,200 | €29,116 | +€9,916 | +51.6% |
| Other amounts receivable | 41 | €19,200 | €29,116 | +€9,916 | +51.6% |
| Cash at bank and in hand | 54/58 | €2,732 | €4,200 | +€1,468 | +53.7% |
| Deferred charges and accrued income | 490/1 | €3,368 | €4,316 | +€948 | +28.1% |
| Total equity and liabilities | 10/49 | €702,129 | €654,425 | -€47,704 | -6.8% |
| Equity | 10/15 | €174,050 | €170,894 | -€3,156 | -1.8% |
| Contributions | 10/11 | €99,150 | €99,150 | = | 0.0% |
| Capital | 10 | €99,150 | €99,150 | = | 0.0% |
| Issued capital | 100 | €99,150 | €99,150 | = | 0.0% |
| Reserves | 13 | €9,916 | €9,916 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,984 | €61,828 | -€3,156 | -4.9% |
| Amounts payable | 17/49 | €528,079 | €483,531 | -€44,548 | -8.4% |
| Amounts payable after more than one year | 17 | €422,214 | €403,564 | -€18,650 | -4.4% |
| Financial debts | 170/4 | €250,214 | €231,564 | -€18,650 | -7.5% |
| Other amounts payable | 178/9 | €172,000 | €172,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,865 | €78,945 | -€26,920 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €18,356 | €18,650 | +€294 | +1.6% |
| Trade debts | 44 | €72,918 | €46,962 | -€25,956 | -35.6% |
| Suppliers | 440/4 | €72,918 | €46,962 | -€25,956 | -35.6% |
| Taxes, remuneration and social security | 45 | €4,138 | €3,653 | -€485 | -11.7% |
| Taxes | 450/3 | €4,138 | €3,653 | -€485 | -11.7% |
| Other amounts payable | 47/48 | €10,453 | €9,680 | -€773 | -7.4% |
| Accrued charges and deferred income | 492/3 | - | €1,022 | +€1,022 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,676 | €60,036 | +€360 | +0.6% |
| Other operating charges | 640/8 | €8,783 | €10,081 | +€1,298 | +14.8% |
| Gross operating margin | 9900 | €85,487 | €83,684 | -€1,803 | -2.1% |
| Operating profit (loss) | 9901 | €17,028 | €13,567 | -€3,461 | -20.3% |
| Financial charges | 65/66B | €18,552 | €16,723 | -€1,829 | -9.9% |
| Recurring financial charges | 65 | €18,552 | €16,723 | -€1,829 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,524 | -€3,156 | -€1,632 | -107.1% |
| Profit (loss) for the period | 9904 | -€1,524 | -€3,156 | -€1,632 | -107.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,524 | -€3,156 | -€1,632 | -107.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.