BE-EX: 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-EX
Largest movements
- Cash +€5,035
up €5,035 (+2355.3%), from €214 to €5,248
mainly Net result for the year (+€14,027) and Depreciation (+€1,862)
- Receivables within one year +€1,898
up €1,898 (+14.9%), from €12,714 to €14,612
of which Trade receivables: +€1,145
- Tangible fixed assets -€1,862
down €1,862 (-20.0%), from €9,332 to €7,471
of which Furniture and vehicles: -€1,048
- Profit (loss) carried forward +€14,027
up €14,027 (+218.2%), from €6,427 to €20,454
- Tax, wage and social debts -€7,309
down €7,309 (-74.1%), from €9,863 to €2,554
- Other debts -€1,545
down €1,545 (-87.9%), from €1,759 to €214
- Gross operating margin +€40,246
up €40,246, from -€22,231 to €18,015
- Financial charges -€605
down €605 (-55.8%), from €1,084 to €479
- Other operating charges -€569
down €569 (-25.7%), from €2,216 to €1,648
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 | €35,260 | €40,331 | +€5,071 | +14.4% |
| Fixed assets | 21/28 | €22,332 | €20,471 | -€1,862 | -8.3% |
| Tangible fixed assets | 22/27 | €9,332 | €7,471 | -€1,862 | -20.0% |
| Plant, machinery and equipment | 23 | €7,127 | €6,314 | -€813 | -11.4% |
| Furniture and vehicles | 24 | €2,205 | €1,157 | -€1,048 | -47.5% |
| Financial fixed assets | 28 | €13,000 | €13,000 | = | 0.0% |
| Current assets | 29/58 | €12,928 | €19,860 | +€6,933 | +53.6% |
| Amounts receivable within one year | 40/41 | €12,714 | €14,612 | +€1,898 | +14.9% |
| Trade receivables | 40 | €9,272 | €10,418 | +€1,145 | +12.4% |
| Other amounts receivable | 41 | €3,442 | €4,195 | +€753 | +21.9% |
| Cash at bank and in hand | 54/58 | €214 | €5,248 | +€5,035 | +2355.3% |
| Total equity and liabilities | 10/49 | €35,260 | €40,331 | +€5,071 | +14.4% |
| Equity | 10/15 | €14,487 | €28,514 | +€14,027 | +96.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,427 | €20,454 | +€14,027 | +218.2% |
| Amounts payable | 17/49 | €20,773 | €11,817 | -€8,956 | -43.1% |
| Amounts payable within one year | 42/48 | €20,773 | €11,817 | -€8,956 | -43.1% |
| Trade debts | 44 | €1,891 | €1,789 | -€102 | -5.4% |
| Suppliers | 440/4 | €1,891 | €1,789 | -€102 | -5.4% |
| Advances received on contracts in progress | 46 | €7,260 | €7,260 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,863 | €2,554 | -€7,309 | -74.1% |
| Taxes | 450/3 | €9,863 | €2,554 | -€7,309 | -74.1% |
| Other amounts payable | 47/48 | €1,759 | €214 | -€1,545 | -87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,862 | €1,862 | = | 0.0% |
| Other operating charges | 640/8 | €2,216 | €1,648 | -€569 | -25.7% |
| Gross operating margin | 9900 | -€22,231 | €18,015 | +€40,246 | |
| Operating profit (loss) | 9901 | -€26,309 | €14,506 | +€40,815 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,084 | €479 | -€605 | -55.8% |
| Recurring financial charges | 65 | €1,084 | €479 | -€605 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,393 | €14,027 | +€41,419 | |
| Income taxes | 67/77 | €172 | - | -€172 | |
| Profit (loss) for the period | 9904 | -€27,565 | €14,027 | +€41,592 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,565 | €14,027 | +€41,592 |
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.