BE-AM: 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.
BE-AM
Largest movements
- Receivables within one year +€30,083
up €30,083 (+248.6%), from €12,100 to €42,183
of which Other amounts receivable: +€25,194
- Cash +€2,060
up €2,060 (+2.3%), from €90,287 to €92,347
mainly Net result for the year (+€32,061) and Depreciation (+€1,516)
- Reserves +€32,061
up €32,061 (+84.0%), from €38,182 to €70,243
- Gross operating margin -€27,624
down €27,624 (-35.3%), from €78,196 to €50,572
- Taxes -€1,840
down €1,840 (-10.3%), from €17,857 to €16,017
- Financial income +€1,033
new in 2025: €1,033
- Depreciation +€862
up €862 (+132.0%), from €653 to €1,516
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 | €107,568 | €140,126 | +€32,559 | +30.3% |
| Fixed assets | 21/28 | €5,164 | €5,301 | +€137 | +2.7% |
| Tangible fixed assets | 22/27 | €5,164 | €5,301 | +€137 | +2.7% |
| Land and buildings | 22 | €1,256 | €1,121 | -€135 | -10.7% |
| Furniture and vehicles | 24 | €3,909 | €4,180 | +€271 | +6.9% |
| Current assets | 29/58 | €102,403 | €134,825 | +€32,422 | +31.7% |
| Amounts receivable within one year | 40/41 | €12,100 | €42,183 | +€30,083 | +248.6% |
| Trade receivables | 40 | €12,100 | €16,988 | +€4,888 | +40.4% |
| Other amounts receivable | 41 | - | €25,194 | +€25,194 | |
| Cash at bank and in hand | 54/58 | €90,287 | €92,347 | +€2,060 | +2.3% |
| Deferred charges and accrued income | 490/1 | €17 | €295 | +€279 | +1673.9% |
| Total equity and liabilities | 10/49 | €107,568 | €140,126 | +€32,559 | +30.3% |
| Equity | 10/15 | €62,982 | €95,043 | +€32,061 | +50.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €38,182 | €70,243 | +€32,061 | +84.0% |
| Distributable reserves | 133 | €38,182 | €70,243 | +€32,061 | +84.0% |
| Profit (loss) carried forward | 14 | €20,800 | €20,800 | = | 0.0% |
| Amounts payable | 17/49 | €44,586 | €45,083 | +€498 | +1.1% |
| Amounts payable within one year | 42/48 | €44,536 | €44,998 | +€462 | +1.0% |
| Trade debts | 44 | €1,903 | €1,354 | -€550 | -28.9% |
| Suppliers | 440/4 | €1,903 | €1,354 | -€550 | -28.9% |
| Taxes, remuneration and social security | 45 | €42,598 | €43,644 | +€1,046 | +2.5% |
| Taxes | 450/3 | €37,498 | €37,734 | +€236 | +0.6% |
| Remuneration and social security | 454/9 | €5,100 | €5,911 | +€811 | +15.9% |
| Other amounts payable | 47/48 | €35 | - | -€35 | |
| Accrued charges and deferred income | 492/3 | €50 | €86 | +€36 | +72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €653 | €1,516 | +€862 | +132.0% |
| Other operating charges | 640/8 | €662 | €1,213 | +€551 | +83.2% |
| Gross operating margin | 9900 | €78,196 | €50,572 | -€27,624 | -35.3% |
| Operating profit (loss) | 9901 | €76,880 | €47,843 | -€29,037 | -37.8% |
| Financial income | 75/76B | - | €1,033 | +€1,033 | |
| Recurring financial income | 75 | - | €1,033 | +€1,033 | |
| Financial charges | 65/66B | €41 | €797 | +€757 | +1864.9% |
| Recurring financial charges | 65 | €41 | €797 | +€757 | +1864.9% |
| Profit (loss) for the period before taxes | 9903 | €76,839 | €48,078 | -€28,761 | -37.4% |
| Income taxes | 67/77 | €17,857 | €16,017 | -€1,840 | -10.3% |
| Profit (loss) for the period | 9904 | €58,982 | €32,061 | -€26,921 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,982 | €32,061 | -€26,921 | -45.6% |
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 8 October 2026 via checked.be.