BE-Gestion: 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-Gestion
Largest movements
- Tangible fixed assets +€298,361
up €298,361 (+131%), from €228,529 to €526,890
of which Land and buildings: +€179,515
- Stocks and contracts -€145,134
down €145,134 (-44.1%), from €329,024 to €183,890
of which Contracts in progress: -€85,541
- Receivables within one year +€41,471
up €41,471 (+28.4%), from €145,778 to €187,248
of which Trade receivables: +€53,464
- Deferred charges and accrued income +€19,134
up €19,134 (+851%), from €2,247 to €21,381
- Intangible fixed assets -€18,865
down €18,865 (-27.6%), from €68,388 to €49,523
- Debts after one year +€313,569
up €313,569 (+675%), from €46,444 to €360,014
- Other debts -€101,136
no longer reported in 2025 (was €101,136)
- Advances received -€12,859
down €12,859 (-9.5%), from €135,393 to €122,534
- Gross operating margin +€127,263
up €127,263 (+29.5%), from €431,029 to €558,293
- Staff costs -€92,850
down €92,850 (-20.0%), from €465,029 to €372,179
- Depreciation +€15,522
up €15,522 (+19.0%), from €81,904 to €97,426
- Financial charges +€6,417
up €6,417 (+126%), from €5,092 to €11,509
- Taxes +€6,171
new in 2025: €6,171
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 | €801,956 | €1,016,700 | +€214,744 | +26.8% |
| Formation expenses | 20 | €2,973 | €1,157 | -€1,816 | -61.1% |
| Fixed assets | 21/28 | €318,033 | €601,609 | +€283,576 | +89.2% |
| Intangible fixed assets | 21 | €68,388 | €49,523 | -€18,865 | -27.6% |
| Tangible fixed assets | 22/27 | €228,529 | €526,890 | +€298,361 | +131% |
| Land and buildings | 22 | €11,811 | €191,326 | +€179,515 | +1,520% |
| Plant, machinery and equipment | 23 | €81,743 | €80,951 | -€792 | -1.0% |
| Furniture and vehicles | 24 | €71,890 | €208,792 | +€136,902 | +190% |
| Leasing and similar rights | 25 | €58,789 | €43,082 | -€15,707 | -26.7% |
| Other tangible fixed assets | 26 | €4,296 | €2,739 | -€1,558 | -36.3% |
| Financial fixed assets | 28 | €21,116 | €25,196 | +€4,080 | +19.3% |
| Current assets | 29/58 | €480,951 | €413,934 | -€67,017 | -13.9% |
| Stocks and contracts in progress | 3 | €329,024 | €183,890 | -€145,134 | -44.1% |
| Stocks | 30/36 | €243,483 | €183,890 | -€59,593 | -24.5% |
| Contracts in progress | 37 | €85,541 | - | -€85,541 | |
| Amounts receivable within one year | 40/41 | €145,778 | €187,248 | +€41,471 | +28.4% |
| Trade receivables | 40 | €120,897 | €174,361 | +€53,464 | +44.2% |
| Other amounts receivable | 41 | €24,880 | €12,887 | -€11,993 | -48.2% |
| Cash at bank and in hand | 54/58 | €3,902 | €21,415 | +€17,513 | +449% |
| Deferred charges and accrued income | 490/1 | €2,247 | €21,381 | +€19,134 | +851% |
| Total equity and liabilities | 10/49 | €801,956 | €1,016,700 | +€214,744 | +26.8% |
| Equity | 10/15 | €298,034 | €301,802 | +€3,768 | +1.3% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,966 | -€23,198 | +€3,768 | +14.0% |
| Amounts payable | 17/49 | €503,923 | €714,898 | +€210,976 | +41.9% |
| Amounts payable after more than one year | 17 | €46,444 | €360,014 | +€313,569 | +675% |
| Financial debts | 170/4 | €46,444 | €360,014 | +€313,569 | +675% |
| Amounts payable within one year | 42/48 | €457,478 | €352,384 | -€105,094 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €53,784 | €56,883 | +€3,099 | +5.8% |
| Trade debts | 44 | €156,316 | €159,433 | +€3,117 | +2.0% |
| Suppliers | 440/4 | €156,316 | €159,433 | +€3,117 | +2.0% |
| Advances received on contracts in progress | 46 | €135,393 | €122,534 | -€12,859 | -9.5% |
| Taxes, remuneration and social security | 45 | €10,849 | €13,535 | +€2,686 | +24.8% |
| Taxes | 450/3 | - | €178 | +€178 | |
| Remuneration and social security | 454/9 | €10,849 | €13,357 | +€2,508 | +23.1% |
| Other amounts payable | 47/48 | €101,136 | - | -€101,136 | |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Non-recurring operating income | 76A | €247 | €33,526 | +€33,279 | +13,489% |
| Remuneration, social security and pensions | 62 | €465,029 | €372,179 | -€92,850 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,904 | €97,426 | +€15,522 | +19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,678 | +€1,678 | |
| Other operating charges | 640/8 | €1,865 | €3,149 | +€1,284 | +68.8% |
| Non-recurring operating charges | 66A | €1,413 | €63,185 | +€61,772 | +4,371% |
| Gross operating margin | 9900 | €431,029 | €558,293 | +€127,263 | +29.5% |
| Operating profit (loss) | 9901 | -€119,182 | €20,677 | +€139,859 | |
| Financial income | 75/76B | €6,032 | €771 | -€5,261 | -87.2% |
| Recurring financial income | 75 | €6,032 | €771 | -€5,261 | -87.2% |
| Financial charges | 65/66B | €5,092 | €11,509 | +€6,417 | +126% |
| Recurring financial charges | 65 | €5,092 | €11,509 | +€6,417 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€118,242 | €9,939 | +€128,181 | |
| Income taxes | 67/77 | - | €6,171 | +€6,171 | |
| Profit (loss) for the period | 9904 | -€118,242 | €3,768 | +€122,010 | |
| Profit (loss) for the period to be appropriated | 9905 | -€118,242 | €3,768 | +€122,010 |
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 20 October 2026 via checked.be.