BE EUROUND: 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.
BE EUROUND
Largest movements
- Current investments +€150,697
up €150,697 (+37.5%), from €402,193 to €552,890
- Cash +€86,271
up €86,271 (+84.7%), from €101,825 to €188,096
mainly Net result for the year (+€324,337) and Depreciation (+€9,118)
- Tangible fixed assets +€22,672
new in 2025: €22,672
- Financial fixed assets +€13,995
up €13,995 (+26.6%), from €52,678 to €66,673
- Reserves +€324,337
up €324,337 (+81.9%), from €396,185 to €720,521
- Tax, wage and social debts -€47,758
down €47,758 (-30.9%), from €154,666 to €106,909
- Gross operating margin -€61,165
down €61,165 (-11.0%), from €555,590 to €494,426
- Taxes +€12,569
up €12,569 (+8.1%), from €155,566 to €168,136
- Financial income +€9,309
up €9,309 (+2807.1%), from €332 to €9,641
- Depreciation +€7,963
up €7,963 (+689.5%), from €1,155 to €9,118
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 | €557,108 | €833,838 | +€276,730 | +49.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €52,678 | €89,345 | +€36,667 | +69.6% |
| Tangible fixed assets | 22/27 | - | €22,672 | +€22,672 | |
| Furniture and vehicles | 24 | - | €22,672 | +€22,672 | |
| Financial fixed assets | 28 | €52,678 | €66,673 | +€13,995 | +26.6% |
| Current assets | 29/58 | €504,430 | €744,493 | +€240,063 | +47.6% |
| Amounts receivable within one year | 40/41 | €412 | €3,507 | +€3,094 | +750.2% |
| Other amounts receivable | 41 | €412 | €3,507 | +€3,094 | +750.2% |
| Current investments | 50/53 | €402,193 | €552,890 | +€150,697 | +37.5% |
| Cash at bank and in hand | 54/58 | €101,825 | €188,096 | +€86,271 | +84.7% |
| Total equity and liabilities | 10/49 | €557,108 | €833,838 | +€276,730 | +49.7% |
| Equity | 10/15 | €401,185 | €725,521 | +€324,337 | +80.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €396,185 | €720,521 | +€324,337 | +81.9% |
| Distributable reserves | 133 | €396,185 | €720,521 | +€324,337 | +81.9% |
| Amounts payable | 17/49 | €155,923 | €108,317 | -€47,607 | -30.5% |
| Amounts payable within one year | 42/48 | €155,923 | €108,317 | -€47,607 | -30.5% |
| Trade debts | 44 | €1,257 | €1,208 | -€49 | -3.9% |
| Suppliers | 440/4 | €1,257 | €1,208 | -€49 | -3.9% |
| Taxes, remuneration and social security | 45 | €154,666 | €106,909 | -€47,758 | -30.9% |
| Taxes | 450/3 | €154,666 | €106,909 | -€47,758 | -30.9% |
| Other amounts payable | 47/48 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,155 | €9,118 | +€7,963 | +689.5% |
| Other operating charges | 640/8 | €168 | €120 | -€48 | -28.6% |
| Gross operating margin | 9900 | €555,590 | €494,426 | -€61,165 | -11.0% |
| Operating profit (loss) | 9901 | €554,267 | €485,188 | -€69,079 | -12.5% |
| Financial income | 75/76B | €332 | €9,641 | +€9,309 | +2807.1% |
| Recurring financial income | 75 | €332 | €9,641 | +€9,309 | +2807.1% |
| Financial charges | 65/66B | €2,848 | €2,357 | -€491 | -17.3% |
| Recurring financial charges | 65 | €2,848 | €2,357 | -€491 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €551,751 | €492,472 | -€59,279 | -10.7% |
| Income taxes | 67/77 | €155,566 | €168,136 | +€12,569 | +8.1% |
| Profit (loss) for the period | 9904 | €396,185 | €324,337 | -€71,848 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €396,185 | €324,337 | -€71,848 | -18.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.