B.E.ST ELECTRONICS BELGIUM: 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.
B.E.ST ELECTRONICS BELGIUM
Largest movements
- Tangible fixed assets +€217,096
up €217,096 (+7.5%), from €2.9m to €3.1m
of which Land and buildings: +€207,194
- Receivables within one year +€137,204
up €137,204 (+30.9%), from €444,633 to €581,837
of which Trade receivables: +€151,912
- Cash -€132,391
down €132,391 (-40.2%), from €329,684 to €197,293
mainly Investment in fixed assets (net) (-€376,052) and Receivables within one year (-€137,204)
- Reserves +€197,091
up €197,091 (+21.7%), from €908,186 to €1.1m
of which Distributable reserves: +€197,091
- Trade debts +€44,127
up €44,127 (+68.1%), from €64,836 to €108,963
- Gross operating margin -€63,226
down €63,226 (-4.9%), from €1.3m to €1.2m
- Financial income +€41,133
up €41,133 (+13,711%), from €300 to €41,433
- Staff costs +€15,448
up €15,448 (+2.1%), from €731,789 to €747,237
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 | €3,684,818 | €3,906,034 | +€221,216 | +6.0% |
| Fixed assets | 21/28 | €2,887,222 | €3,104,318 | +€217,096 | +7.5% |
| Tangible fixed assets | 22/27 | €2,887,222 | €3,104,318 | +€217,096 | +7.5% |
| Land and buildings | 22 | €2,601,900 | €2,809,094 | +€207,194 | +8.0% |
| Plant, machinery and equipment | 23 | €12,947 | €65,577 | +€52,630 | +407% |
| Furniture and vehicles | 24 | €272,375 | €229,647 | -€42,728 | -15.7% |
| Current assets | 29/58 | €797,596 | €801,716 | +€4,120 | +0.5% |
| Stocks and contracts in progress | 3 | €23,279 | €22,586 | -€693 | -3.0% |
| Stocks | 30/36 | €23,279 | €22,586 | -€693 | -3.0% |
| Amounts receivable within one year | 40/41 | €444,633 | €581,837 | +€137,204 | +30.9% |
| Trade receivables | 40 | €383,335 | €535,247 | +€151,912 | +39.6% |
| Other amounts receivable | 41 | €61,298 | €46,590 | -€14,708 | -24.0% |
| Cash at bank and in hand | 54/58 | €329,684 | €197,293 | -€132,391 | -40.2% |
| Total equity and liabilities | 10/49 | €3,684,818 | €3,906,034 | +€221,216 | +6.0% |
| Equity | 10/15 | €956,802 | €1,153,893 | +€197,091 | +20.6% |
| Contributions | 10/11 | €19,840 | €19,840 | = | 0.0% |
| Reserves | 13 | €908,186 | €1,105,277 | +€197,091 | +21.7% |
| Tax-exempt reserves | 132 | €9,555 | €9,555 | = | 0.0% |
| Distributable reserves | 133 | €898,631 | €1,095,722 | +€197,091 | +21.9% |
| Profit (loss) carried forward | 14 | €28,776 | €28,776 | = | 0.0% |
| Amounts payable | 17/49 | €2,728,016 | €2,752,141 | +€24,125 | +0.9% |
| Amounts payable after more than one year | 17 | €2,261,387 | €2,228,711 | -€32,676 | -1.4% |
| Financial debts | 170/4 | €2,261,387 | €2,228,711 | -€32,676 | -1.4% |
| Amounts payable within one year | 42/48 | €466,629 | €523,430 | +€56,801 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €135,085 | €156,803 | +€21,718 | +16.1% |
| Trade debts | 44 | €64,836 | €108,963 | +€44,127 | +68.1% |
| Suppliers | 440/4 | €64,836 | €108,963 | +€44,127 | +68.1% |
| Taxes, remuneration and social security | 45 | €191,192 | €183,951 | -€7,241 | -3.8% |
| Taxes | 450/3 | €171,957 | €108,117 | -€63,840 | -37.1% |
| Remuneration and social security | 454/9 | €19,235 | €75,834 | +€56,599 | +294% |
| Other amounts payable | 47/48 | €75,516 | €73,713 | -€1,803 | -2.4% |
| Remuneration, social security and pensions | 62 | €731,789 | €747,237 | +€15,448 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,549 | €158,956 | +€4,407 | +2.9% |
| Other operating charges | 640/8 | €10,717 | €11,026 | +€309 | +2.9% |
| Gross operating margin | 9900 | €1,301,446 | €1,238,220 | -€63,226 | -4.9% |
| Operating profit (loss) | 9901 | €404,391 | €321,001 | -€83,390 | -20.6% |
| Financial income | 75/76B | €300 | €41,433 | +€41,133 | +13,711% |
| Recurring financial income | 75 | €300 | €41,433 | +€41,133 | +13,711% |
| Financial charges | 65/66B | €45,236 | €51,708 | +€6,472 | +14.3% |
| Recurring financial charges | 65 | €45,236 | €51,708 | +€6,472 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €359,455 | €310,726 | -€48,729 | -13.6% |
| Income taxes | 67/77 | €125,109 | €113,635 | -€11,474 | -9.2% |
| Profit (loss) for the period | 9904 | €234,346 | €197,091 | -€37,255 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €234,346 | €197,091 | -€37,255 | -15.9% |
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 14 October 2026 via checked.be.