BE DE FONCE: what changed
BE DE FONCE
Largest movements
- Tangible fixed assets -€6,315
down €6,315 (-21.5%), from €29,393 to €23,078
of which Furniture and vehicles: -€7,774
- Cash +€2,736
up €2,736 (+33.0%), from €8,283 to €11,020
mainly Depreciation (+€7,815) and Net result for the year (+€6,912)
- Debts after one year -€7,755
down €7,755 (-41.2%), from €18,815 to €11,060
- Reserves +€6,900
up €6,900 (+371%), from €1,860 to €8,760
- Trade debts -€2,154
down €2,154 (-40.7%), from €5,287 to €3,133
- Other debts -€1,505
down €1,505 (-26.3%), from €5,719 to €4,214
- Gross operating margin +€9,423
up €9,423 (+76.8%), from €12,271 to €21,694
- Depreciation +€3,328
up €3,328 (+74.2%), from €4,487 to €7,815
- Taxes +€1,800
up €1,800 (+83.7%), from €2,150 to €3,950
- Financial charges +€1,064
up €1,064 (+69.7%), from €1,525 to €2,588
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,100 | €138,974 | -€3,126 | -2.2% |
| Fixed assets | 21/28 | €29,393 | €23,078 | -€6,315 | -21.5% |
| Tangible fixed assets | 22/27 | €29,393 | €23,078 | -€6,315 | -21.5% |
| Furniture and vehicles | 24 | €29,393 | €21,619 | -€7,774 | -26.4% |
| Other tangible fixed assets | 26 | €0 | €1,460 | +€1,460 | |
| Current assets | 29/58 | €112,707 | €115,896 | +€3,189 | +2.8% |
| Stocks and contracts in progress | 3 | €78,704 | €79,580 | +€877 | +1.1% |
| Stocks | 30/36 | €78,704 | €79,580 | +€877 | +1.1% |
| Amounts receivable within one year | 40/41 | €24,670 | €23,925 | -€746 | -3.0% |
| Trade receivables | 40 | €18,014 | €15,594 | -€2,419 | -13.4% |
| Other amounts receivable | 41 | €6,657 | €8,331 | +€1,674 | +25.1% |
| Cash at bank and in hand | 54/58 | €8,283 | €11,020 | +€2,736 | +33.0% |
| Deferred charges and accrued income | 490/1 | €1,050 | €1,371 | +€321 | +30.6% |
| Total equity and liabilities | 10/49 | €142,100 | €138,974 | -€3,126 | -2.2% |
| Equity | 10/15 | €102,224 | €109,136 | +€6,912 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €8,760 | +€6,900 | +371% |
| Distributable reserves | 133 | €1,860 | €8,760 | +€6,900 | +371% |
| Profit (loss) carried forward | 14 | €81,764 | €81,776 | +€12 | 0.0% |
| Amounts payable | 17/49 | €39,877 | €29,838 | -€10,038 | -25.2% |
| Amounts payable after more than one year | 17 | €18,815 | €11,060 | -€7,755 | -41.2% |
| Financial debts | 170/4 | €18,815 | €11,060 | -€7,755 | -41.2% |
| Amounts payable within one year | 42/48 | €21,062 | €18,779 | -€2,283 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €9,228 | €9,752 | +€524 | +5.7% |
| Trade debts | 44 | €5,287 | €3,133 | -€2,154 | -40.7% |
| Suppliers | 440/4 | €5,287 | €3,133 | -€2,154 | -40.7% |
| Taxes, remuneration and social security | 45 | €828 | €1,680 | +€853 | +103% |
| Taxes | 450/3 | €828 | €1,680 | +€853 | +103% |
| Other amounts payable | 47/48 | €5,719 | €4,214 | -€1,505 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,487 | €7,815 | +€3,328 | +74.2% |
| Other operating charges | 640/8 | €381 | €435 | +€54 | +14.3% |
| Gross operating margin | 9900 | €12,271 | €21,694 | +€9,423 | +76.8% |
| Operating profit (loss) | 9901 | €7,404 | €13,444 | +€6,040 | +81.6% |
| Financial income | 75/76B | €1 | €7 | +€5 | +453% |
| Recurring financial income | 75 | €1 | €7 | +€5 | +453% |
| Financial charges | 65/66B | €1,525 | €2,588 | +€1,064 | +69.7% |
| Recurring financial charges | 65 | €1,525 | €2,588 | +€1,064 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €5,881 | €10,863 | +€4,982 | +84.7% |
| Income taxes | 67/77 | €2,150 | €3,950 | +€1,800 | +83.7% |
| Profit (loss) for the period | 9904 | €3,731 | €6,912 | +€3,182 | +85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,731 | €6,912 | +€3,182 | +85.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.