Be Flat: 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 Flat
Largest movements
- Cash +€32,203
up €32,203 (+22.3%), from €144,153 to €176,355
mainly Net result for the year (+€18,326) and Depreciation (+€12,382)
- Tangible fixed assets -€12,382
down €12,382 (-4.8%), from €257,164 to €244,782
of which Land and buildings: -€9,200
- Receivables within one year -€8,529
down €8,529 (-48.9%), from €17,458 to €8,929
of which Trade receivables: -€14,923
- Profit (loss) carried forward +€18,326
up €18,326 (+4.6%), from €401,961 to €420,286
- Debts within one year -€6,737
down €6,737 (-37.1%), from €18,135 to €11,398
of which Tax, wage and social debts: -€8,962
- Gross operating margin -€137,144
down €137,144 (-54.0%), from €253,748 to €116,604
- Turnover -€69,556
down €69,556 (-19.8%), from €351,497 to €281,941
- Other operating charges -€31,283
down €31,283 (-93.9%), from €33,322 to €2,039
- Staff costs -€7,442
down €7,442 (-8.2%), from €91,247 to €83,804
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 | €420,382 | €432,335 | +€11,952 | +2.8% |
| Fixed assets | 21/28 | €257,164 | €244,782 | -€12,382 | -4.8% |
| Tangible fixed assets | 22/27 | €257,164 | €244,782 | -€12,382 | -4.8% |
| Land and buildings | 22 | €250,800 | €241,600 | -€9,200 | -3.7% |
| Plant, machinery and equipment | 23 | €6,364 | €3,182 | -€3,182 | -50.0% |
| Current assets | 29/58 | €163,218 | €187,553 | +€24,335 | +14.9% |
| Amounts receivable within one year | 40/41 | €17,458 | €8,929 | -€8,529 | -48.9% |
| Trade receivables | 40 | €17,458 | €2,535 | -€14,923 | -85.5% |
| Other amounts receivable | 41 | - | €6,394 | +€6,394 | |
| Cash at bank and in hand | 54/58 | €144,153 | €176,355 | +€32,203 | +22.3% |
| Deferred charges and accrued income | 490/1 | €1,607 | €2,268 | +€661 | +41.1% |
| Total equity and liabilities | 10/49 | €420,382 | €432,335 | +€11,952 | +2.8% |
| Equity | 10/15 | €401,961 | €420,286 | +€18,326 | +4.6% |
| Profit (loss) carried forward | 14 | €401,961 | €420,286 | +€18,326 | +4.6% |
| Amounts payable | 17/49 | €18,422 | €12,048 | -€6,373 | -34.6% |
| Amounts payable within one year | 42/48 | €18,135 | €11,398 | -€6,737 | -37.1% |
| Trade debts | 44 | €580 | €2,831 | +€2,251 | +388.0% |
| Suppliers | 440/4 | €580 | €2,831 | +€2,251 | +388.0% |
| Taxes, remuneration and social security | 45 | €17,530 | €8,567 | -€8,962 | -51.1% |
| Taxes | 450/3 | €4,370 | €1,474 | -€2,896 | -66.3% |
| Remuneration and social security | 454/9 | €13,160 | €7,094 | -€6,066 | -46.1% |
| Accrued charges and deferred income | 492/3 | €286 | €650 | +€364 | +127.1% |
| Turnover | 70 | €351,497 | €281,941 | -€69,556 | -19.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €176,552 | €179,101 | +€2,550 | +1.4% |
| Remuneration, social security and pensions | 62 | €91,247 | €83,804 | -€7,442 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,039 | €12,382 | -€2,657 | -17.7% |
| Other operating charges | 640/8 | €33,322 | €2,039 | -€31,283 | -93.9% |
| Gross operating margin | 9900 | €253,748 | €116,604 | -€137,144 | -54.0% |
| Operating profit (loss) | 9901 | €114,140 | €18,379 | -€95,761 | -83.9% |
| Financial income | 75/76B | €40 | €41 | +€1 | +2.0% |
| Recurring financial income | 75 | €40 | €41 | +€1 | +2.0% |
| Financial charges | 65/66B | €75 | €94 | +€19 | +25.5% |
| Recurring financial charges | 65 | €75 | €94 | +€19 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €114,105 | €18,326 | -€95,780 | -83.9% |
| Profit (loss) for the period | 9904 | €114,105 | €18,326 | -€95,780 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €114,105 | €18,326 | -€95,780 | -83.9% |
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 4 October 2026 via checked.be.