BE EYES OPEN: 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 EYES OPEN
Largest movements
- Receivables within one year +€31,863
up €31,863 (+56.0%), from €56,945 to €88,807
of which Trade receivables: +€18,651
- Tangible fixed assets -€18,827
down €18,827 (-20.5%), from €91,653 to €72,826
of which Leasing and similar rights: -€16,208
- Other debts +€195,522
up €195,522, from €0 to €195,522
- Reserves -€170,034
down €170,034 (-37.9%), from €448,752 to €278,718
of which Distributable reserves: -€170,034
- Debts after one year -€13,279
down €13,279 (-46.9%), from €28,320 to €15,041
- Accrued charges and deferred income +€6,921
new in 2025: €6,921
- Gross operating margin -€88,418
down €88,418 (-49.7%), from €177,881 to €89,464
- Taxes -€29,958
down €29,958 (-64.1%), from €46,747 to €16,789
- Financial charges +€6,499
up €6,499 (+260%), from €2,503 to €9,003
- Other operating charges -€3,737
down €3,737 (-64.7%), from €5,776 to €2,039
- Depreciation -€3,285
down €3,285 (-14.9%), from €22,111 to €18,827
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.
Derived cash bridge
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 | €554,276 | €572,054 | +€17,778 | +3.2% |
| Fixed assets | 21/28 | €91,653 | €72,826 | -€18,827 | -20.5% |
| Tangible fixed assets | 22/27 | €91,653 | €72,826 | -€18,827 | -20.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €65,854 | €49,646 | -€16,208 | -24.6% |
| Other tangible fixed assets | 26 | €25,799 | €23,181 | -€2,619 | -10.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €462,623 | €499,228 | +€36,605 | +7.9% |
| Amounts receivable within one year | 40/41 | €56,945 | €88,807 | +€31,863 | +56.0% |
| Trade receivables | 40 | €18,150 | €36,801 | +€18,651 | +103% |
| Other amounts receivable | 41 | €38,795 | €52,006 | +€13,211 | +34.1% |
| Cash at bank and in hand | 54/58 | €404,824 | €408,929 | +€4,104 | +1.0% |
| Deferred charges and accrued income | 490/1 | €854 | €1,492 | +€638 | +74.7% |
| Total equity and liabilities | 10/49 | €554,276 | €572,054 | +€17,778 | +3.2% |
| Equity | 10/15 | €454,952 | €284,918 | -€170,034 | -37.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €448,752 | €278,718 | -€170,034 | -37.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €448,752 | €278,718 | -€170,034 | -37.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €99,324 | €287,136 | +€187,812 | +189% |
| Amounts payable after more than one year | 17 | €28,320 | €15,041 | -€13,279 | -46.9% |
| Financial debts | 170/4 | €28,320 | €15,041 | -€13,279 | -46.9% |
| Amounts payable within one year | 42/48 | €71,004 | €265,173 | +€194,169 | +273% |
| Current portion of amounts payable after more than one year | 42 | €12,723 | €13,279 | +€556 | +4.4% |
| Trade debts | 44 | €1,980 | €154 | -€1,826 | -92.2% |
| Suppliers | 440/4 | €1,980 | €154 | -€1,826 | -92.2% |
| Taxes, remuneration and social security | 45 | €56,301 | €56,218 | -€83 | -0.1% |
| Taxes | 450/3 | €56,301 | €56,218 | -€83 | -0.1% |
| Other amounts payable | 47/48 | €0 | €195,522 | +€195,522 | |
| Accrued charges and deferred income | 492/3 | - | €6,921 | +€6,921 | |
| Non-recurring operating income | 76A | €15,500 | €0 | -€15,500 | -100% |
| Remuneration, social security and pensions | 62 | €597 | €593 | -€5 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,111 | €18,827 | -€3,285 | -14.9% |
| Other operating charges | 640/8 | €5,776 | €2,039 | -€3,737 | -64.7% |
| Gross operating margin | 9900 | €177,881 | €89,464 | -€88,418 | -49.7% |
| Operating profit (loss) | 9901 | €149,396 | €68,005 | -€81,391 | -54.5% |
| Financial income | 75/76B | €2,548 | €0 | -€2,548 | -100.0% |
| Recurring financial income | 75 | €2,548 | €0 | -€2,548 | -100.0% |
| Financial charges | 65/66B | €2,503 | €9,003 | +€6,499 | +260% |
| Recurring financial charges | 65 | €2,503 | €9,003 | +€6,499 | +260% |
| Profit (loss) for the period before taxes | 9903 | €149,441 | €59,003 | -€90,438 | -60.5% |
| Income taxes | 67/77 | €46,747 | €16,789 | -€29,958 | -64.1% |
| Profit (loss) for the period | 9904 | €102,694 | €42,214 | -€60,480 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €102,694 | €42,214 | -€60,480 | -58.9% |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.