BE.ES: 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.ES
Largest movements
- Cash -€100,846
down €100,846 (-25.7%), from €392,925 to €292,079
mainly Contributions, distributions and other (-€223,367) and Debts after one year (-€24,292)
- Tangible fixed assets -€32,272
down €32,272 (-4.9%), from €653,142 to €620,869
of which Land and buildings: -€25,068
- Receivables within one year +€20,259
up €20,259 (+41.9%), from €48,400 to €68,659
of which Other amounts receivable: +€50,000
- Reserves -€107,247
down €107,247 (-19.8%), from €541,313 to €434,066
- Debts after one year -€24,292
down €24,292 (-6.0%), from €404,915 to €380,623
- Tax, wage and social debts +€17,873
up €17,873 (+72.8%), from €24,565 to €42,438
- Write-downs +€19,662
up €19,662, from -€19,662 to €0
- Other operating charges -€14,703
down €14,703 (-83.9%), from €17,524 to €2,821
- Gross operating margin -€6,719
down €6,719 (-3.2%), from €212,997 to €206,279
- Taxes -€6,671
down €6,671 (-11.8%), from €56,397 to €49,727
- Financial income -€4,373
down €4,373 (-64.6%), from €6,769 to €2,396
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 | €1,122,366 | €1,001,246 | -€121,119 | -10.8% |
| Fixed assets | 21/28 | €676,443 | €636,370 | -€40,072 | -5.9% |
| Tangible fixed assets | 22/27 | €653,142 | €620,869 | -€32,272 | -4.9% |
| Land and buildings | 22 | €624,895 | €599,826 | -€25,068 | -4.0% |
| Plant, machinery and equipment | 23 | €8,177 | €8,160 | -€17 | -0.2% |
| Furniture and vehicles | 24 | €20,070 | €12,883 | -€7,187 | -35.8% |
| Financial fixed assets | 28 | €23,301 | €15,501 | -€7,800 | -33.5% |
| Current assets | 29/58 | €445,923 | €364,876 | -€81,047 | -18.2% |
| Amounts receivable within one year | 40/41 | €48,400 | €68,659 | +€20,259 | +41.9% |
| Trade receivables | 40 | €48,400 | €18,659 | -€29,741 | -61.4% |
| Other amounts receivable | 41 | €0 | €50,000 | +€50,000 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €392,925 | €292,079 | -€100,846 | -25.7% |
| Deferred charges and accrued income | 490/1 | €4,598 | €4,138 | -€460 | -10.0% |
| Total equity and liabilities | 10/49 | €1,122,366 | €1,001,246 | -€121,119 | -10.8% |
| Equity | 10/15 | €646,450 | €539,204 | -€107,247 | -16.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €541,313 | €434,066 | -€107,247 | -19.8% |
| Distributable reserves | 133 | €541,313 | €434,066 | -€107,247 | -19.8% |
| Profit (loss) carried forward | 14 | €98,938 | €98,938 | = | 0.0% |
| Amounts payable | 17/49 | €475,915 | €462,043 | -€13,873 | -2.9% |
| Amounts payable after more than one year | 17 | €404,915 | €380,623 | -€24,292 | -6.0% |
| Financial debts | 170/4 | €404,915 | €380,623 | -€24,292 | -6.0% |
| Amounts payable within one year | 42/48 | €71,000 | €81,419 | +€10,419 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €23,995 | €24,292 | +€297 | +1.2% |
| Trade debts | 44 | €20,774 | €13,743 | -€7,030 | -33.8% |
| Suppliers | 440/4 | €20,774 | €13,743 | -€7,030 | -33.8% |
| Taxes, remuneration and social security | 45 | €24,565 | €42,438 | +€17,873 | +72.8% |
| Taxes | 450/3 | €24,565 | €42,438 | +€17,873 | +72.8% |
| Other amounts payable | 47/48 | €1,666 | €946 | -€720 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,632 | €34,622 | +€3,990 | +13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,662 | €0 | +€19,662 | |
| Other operating charges | 640/8 | €17,524 | €2,821 | -€14,703 | -83.9% |
| Gross operating margin | 9900 | €212,997 | €206,279 | -€6,719 | -3.2% |
| Operating profit (loss) | 9901 | €184,503 | €168,835 | -€15,668 | -8.5% |
| Financial income | 75/76B | €6,769 | €2,396 | -€4,373 | -64.6% |
| Recurring financial income | 75 | €6,769 | €2,396 | -€4,373 | -64.6% |
| Financial charges | 65/66B | €6,274 | €5,385 | -€889 | -14.2% |
| Recurring financial charges | 65 | €6,274 | €5,385 | -€889 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €184,998 | €165,847 | -€19,151 | -10.4% |
| Income taxes | 67/77 | €56,397 | €49,727 | -€6,671 | -11.8% |
| Profit (loss) for the period | 9904 | €128,601 | €116,120 | -€12,481 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €128,601 | €116,120 | -€12,481 | -9.7% |
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 30 September 2026 via checked.be.