BE CENTRAL: 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 CENTRAL
Largest movements
- Cash -€406,268
down €406,268 (-44.0%), from €924,123 to €517,854
mainly Debts after one year (-€287,192) and Net result for the year (-€278,355)
- Tangible fixed assets -€348,813
down €348,813 (-9.0%), from €3.9m to €3.5m
of which Other tangible fixed assets: -€308,312
- Current investments -€149,011
down €149,011 (-99.9%), from €149,097 to €86
- Debts after one year -€287,192
down €287,192 (-33.1%), from €867,755 to €580,562
of which Financial debts: -€277,192
- Profit (loss) carried forward -€278,355
down €278,355 (-65.4%), from €425,738 to €147,384
- Accrued charges and deferred income -€241,298
down €241,298 (-98.5%), from €245,079 to €3,781
- Current portion of long-term debt -€55,319
down €55,319 (-15.6%), from €355,440 to €300,121
- Other operating charges +€263,817
up €263,817 (+27267.3%), from €968 to €264,784
- Gross operating margin -€209,527
down €209,527 (-13.4%), from €1.6m to €1.4m
- Staff costs +€142,728
up €142,728 (+20.3%), from €701,772 to €844,500
- Taxes -€51,403
down €51,403 (-59.8%), from €85,963 to €34,560
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 | €5,305,120 | €4,359,307 | -€945,814 | -17.8% |
| Formation expenses | 20 | €981 | €288 | -€692 | -70.6% |
| Fixed assets | 21/28 | €3,879,211 | €3,524,209 | -€355,002 | -9.2% |
| Intangible fixed assets | 21 | €13,060 | €6,872 | -€6,188 | -47.4% |
| Tangible fixed assets | 22/27 | €3,866,151 | €3,517,337 | -€348,813 | -9.0% |
| Furniture and vehicles | 24 | €140,718 | €99,800 | -€40,919 | -29.1% |
| Leasing and similar rights | 25 | - | €418 | +€418 | |
| Other tangible fixed assets | 26 | €3,725,433 | €3,417,120 | -€308,312 | -8.3% |
| Current assets | 29/58 | €1,424,929 | €834,809 | -€590,120 | -41.4% |
| Amounts receivable within one year | 40/41 | €344,759 | €312,879 | -€31,879 | -9.2% |
| Trade receivables | 40 | €125,628 | €226,668 | +€101,040 | +80.4% |
| Other amounts receivable | 41 | €219,131 | €86,212 | -€132,919 | -60.7% |
| Current investments | 50/53 | €149,097 | €86 | -€149,011 | -99.9% |
| Cash at bank and in hand | 54/58 | €924,123 | €517,854 | -€406,268 | -44.0% |
| Deferred charges and accrued income | 490/1 | €6,951 | €3,989 | -€2,961 | -42.6% |
| Total equity and liabilities | 10/49 | €5,305,120 | €4,359,307 | -€945,814 | -17.8% |
| Equity | 10/15 | €3,013,084 | €2,734,730 | -€278,355 | -9.2% |
| Contributions | 10/11 | €2,587,346 | €2,587,346 | = | 0.0% |
| Capital | 10 | €2,551,512 | €2,551,512 | = | 0.0% |
| Issued capital | 100 | €2,551,512 | €2,551,512 | = | 0.0% |
| Outside capital | 11 | €35,834 | €35,834 | = | 0.0% |
| Share premium | 1100/10 | €35,834 | €35,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | €425,738 | €147,384 | -€278,355 | -65.4% |
| Amounts payable | 17/49 | €2,292,036 | €1,624,577 | -€667,459 | -29.1% |
| Amounts payable after more than one year | 17 | €867,755 | €580,562 | -€287,192 | -33.1% |
| Financial debts | 170/4 | €817,755 | €540,562 | -€277,192 | -33.9% |
| Other amounts payable | 178/9 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Amounts payable within one year | 42/48 | €1,179,202 | €1,040,233 | -€138,969 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €355,440 | €300,121 | -€55,319 | -15.6% |
| Financial debts | 43 | €6,406 | €461 | -€5,946 | -92.8% |
| Credit institutions | 430/8 | €6,406 | €461 | -€5,946 | -92.8% |
| Trade debts | 44 | €273,789 | €236,798 | -€36,991 | -13.5% |
| Suppliers | 440/4 | €273,789 | €236,798 | -€36,991 | -13.5% |
| Taxes, remuneration and social security | 45 | €112,570 | €81,686 | -€30,885 | -27.4% |
| Taxes | 450/3 | €24,421 | €52,036 | +€27,615 | +113.1% |
| Remuneration and social security | 454/9 | €88,150 | €29,650 | -€58,500 | -66.4% |
| Other amounts payable | 47/48 | €430,997 | €421,168 | -€9,828 | -2.3% |
| Accrued charges and deferred income | 492/3 | €245,079 | €3,781 | -€241,298 | -98.5% |
| Remuneration, social security and pensions | 62 | €701,772 | €844,500 | +€142,728 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €424,348 | €426,719 | +€2,371 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,540 | €27,310 | +€2,770 | +11.3% |
| Other operating charges | 640/8 | €968 | €264,784 | +€263,817 | +27267.3% |
| Gross operating margin | 9900 | €1,562,765 | €1,353,238 | -€209,527 | -13.4% |
| Operating profit (loss) | 9901 | €411,136 | -€210,076 | -€621,213 | |
| Financial income | 75/76B | €50 | €1,339 | +€1,289 | +2593.9% |
| Recurring financial income | 75 | €50 | €1,339 | +€1,289 | +2593.9% |
| Financial charges | 65/66B | €39,555 | €35,058 | -€4,497 | -11.4% |
| Recurring financial charges | 65 | €39,555 | €35,058 | -€4,497 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €371,631 | -€243,795 | -€615,426 | |
| Income taxes | 67/77 | €85,963 | €34,560 | -€51,403 | -59.8% |
| Profit (loss) for the period | 9904 | €285,668 | -€278,355 | -€564,023 | |
| Profit (loss) for the period to be appropriated | 9905 | €285,668 | -€278,355 | -€564,023 |
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 5 October 2026 via checked.be.