B.E.O.: 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.O.
Largest movements
- Receivables within one year -€43,000
down €43,000 (-83.3%), from €51,636 to €8,636
of which Trade receivables: -€34,836
- Cash +€26,611
up €26,611 (+53.2%), from €50,033 to €76,644
mainly Receivables within one year (+€43,000) and Other debts (+€6,445)
- Deferred charges and accrued income -€1,072
down €1,072 (-100.0%), from €1,072 to €0
- Reserves -€25,786
down €25,786 (-35.7%), from €72,172 to €46,386
- Other debts +€6,445
up €6,445, from €0 to €6,445
- Tax, wage and social debts +€1,387
up €1,387 (+12.2%), from €11,332 to €12,719
of which Taxes: +€1,387
- Gross operating margin -€21,298
down €21,298 (-75.3%), from €28,294 to €6,996
- Taxes -€3,247
down €3,247 (-59.1%), from €5,493 to €2,246
- Other operating charges -€720
down €720 (-45.5%), from €1,583 to €863
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 | €102,742 | €85,280 | -€17,462 | -17.0% |
| Current assets | 29/58 | €102,742 | €85,280 | -€17,462 | -17.0% |
| Amounts receivable within one year | 40/41 | €51,636 | €8,636 | -€43,000 | -83.3% |
| Trade receivables | 40 | €42,718 | €7,882 | -€34,836 | -81.5% |
| Other amounts receivable | 41 | €8,918 | €754 | -€8,164 | -91.5% |
| Cash at bank and in hand | 54/58 | €50,033 | €76,644 | +€26,611 | +53.2% |
| Deferred charges and accrued income | 490/1 | €1,072 | €0 | -€1,072 | -100.0% |
| Total equity and liabilities | 10/49 | €102,742 | €85,280 | -€17,462 | -17.0% |
| Equity | 10/15 | €90,772 | €64,986 | -€25,786 | -28.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,172 | €46,386 | -€25,786 | -35.7% |
| Distributable reserves | 133 | €72,172 | €46,386 | -€25,786 | -35.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,970 | €20,294 | +€8,324 | +69.5% |
| Amounts payable within one year | 42/48 | €11,970 | €20,294 | +€8,324 | +69.5% |
| Trade debts | 44 | €638 | €1,130 | +€492 | +77.1% |
| Suppliers | 440/4 | €638 | €1,130 | +€492 | +77.1% |
| Taxes, remuneration and social security | 45 | €11,332 | €12,719 | +€1,387 | +12.2% |
| Taxes | 450/3 | €9,832 | €11,219 | +€1,387 | +14.1% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €6,445 | +€6,445 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,583 | €863 | -€720 | -45.5% |
| Gross operating margin | 9900 | €28,294 | €6,996 | -€21,298 | -75.3% |
| Operating profit (loss) | 9901 | €26,711 | €6,133 | -€20,578 | -77.0% |
| Financial income | 75/76B | €270 | €2 | -€269 | -99.4% |
| Recurring financial income | 75 | €270 | €2 | -€269 | -99.4% |
| Financial charges | 65/66B | €818 | €653 | -€165 | -20.2% |
| Recurring financial charges | 65 | €818 | €653 | -€165 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €26,163 | €5,482 | -€20,681 | -79.0% |
| Income taxes | 67/77 | €5,493 | €2,246 | -€3,247 | -59.1% |
| Profit (loss) for the period | 9904 | €20,671 | €3,237 | -€17,434 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,671 | €3,237 | -€17,434 | -84.3% |
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 29 September 2026 via checked.be.