BE group: 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 group
Largest movements
- Tangible fixed assets +€580,975
up €580,975 (+69.5%), from €836,001 to €1.4m
of which Land and buildings: +€583,183
- Cash -€119,874
down €119,874 (-81.3%), from €147,378 to €27,504
mainly Investment in fixed assets (net) (-€737,855) and Other debts (-€28,781)
- Debts after one year +€475,042
up €475,042 (+127.7%), from €371,866 to €846,908
of which Financial debts: +€490,008
- Current portion of long-term debt +€51,154
up €51,154 (+115.6%), from €44,241 to €95,395
- Other debts -€28,781
down €28,781 (-16.2%), from €177,331 to €148,551
- Accrued charges and deferred income -€15,993
down €15,993 (-80.4%), from €19,892 to €3,900
- Depreciation +€102,213
up €102,213 (+187.0%), from €54,667 to €156,880
- Gross operating margin +€83,993
up €83,993 (+78.3%), from €107,219 to €191,212
- Financial charges +€14,702
up €14,702 (+78.8%), from €18,661 to €33,363
- Taxes -€7,808
down €7,808 (-97.6%), from €7,996 to €188
- Other operating charges +€3,834
up €3,834 (+84.7%), from €4,527 to €8,360
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 | €994,142 | €1,469,167 | +€475,025 | +47.8% |
| Fixed assets | 21/28 | €836,001 | €1,416,976 | +€580,975 | +69.5% |
| Tangible fixed assets | 22/27 | €836,001 | €1,416,976 | +€580,975 | +69.5% |
| Land and buildings | 22 | €783,903 | €1,367,086 | +€583,183 | +74.4% |
| Plant, machinery and equipment | 23 | €5,245 | €15,819 | +€10,574 | +201.6% |
| Furniture and vehicles | 24 | €46,852 | €34,070 | -€12,782 | -27.3% |
| Current assets | 29/58 | €158,141 | €52,191 | -€105,951 | -67.0% |
| Amounts receivable within one year | 40/41 | €9,542 | €23,470 | +€13,928 | +146.0% |
| Trade receivables | 40 | €8,123 | €23,470 | +€15,347 | +188.9% |
| Other amounts receivable | 41 | €1,420 | €0 | -€1,420 | -100.0% |
| Cash at bank and in hand | 54/58 | €147,378 | €27,504 | -€119,874 | -81.3% |
| Deferred charges and accrued income | 490/1 | €1,221 | €1,217 | -€4 | -0.3% |
| Total equity and liabilities | 10/49 | €994,142 | €1,469,167 | +€475,025 | +47.8% |
| Equity | 10/15 | €363,950 | €355,725 | -€8,224 | -2.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €281,450 | €273,225 | -€8,224 | -2.9% |
| Amounts payable | 17/49 | €630,193 | €1,113,441 | +€483,249 | +76.7% |
| Amounts payable after more than one year | 17 | €371,866 | €846,908 | +€475,042 | +127.7% |
| Financial debts | 170/4 | €310,498 | €800,506 | +€490,008 | +157.8% |
| Other amounts payable | 178/9 | €61,369 | €46,402 | -€14,966 | -24.4% |
| Amounts payable within one year | 42/48 | €238,434 | €262,633 | +€24,199 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €44,241 | €95,395 | +€51,154 | +115.6% |
| Trade debts | 44 | €5,125 | €2,076 | -€3,049 | -59.5% |
| Suppliers | 440/4 | €5,125 | €2,076 | -€3,049 | -59.5% |
| Taxes, remuneration and social security | 45 | €11,736 | €16,611 | +€4,875 | +41.5% |
| Taxes | 450/3 | €11,736 | €16,611 | +€4,875 | +41.5% |
| Other amounts payable | 47/48 | €177,331 | €148,551 | -€28,781 | -16.2% |
| Accrued charges and deferred income | 492/3 | €19,892 | €3,900 | -€15,993 | -80.4% |
| Non-recurring operating income | 76A | €298 | €0 | -€298 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,667 | €156,880 | +€102,213 | +187.0% |
| Other operating charges | 640/8 | €4,527 | €8,360 | +€3,834 | +84.7% |
| Gross operating margin | 9900 | €107,219 | €191,212 | +€83,993 | +78.3% |
| Operating profit (loss) | 9901 | €48,025 | €25,972 | -€22,053 | -45.9% |
| Financial income | 75/76B | €208 | €188 | -€20 | -9.6% |
| Recurring financial income | 75 | €208 | €188 | -€20 | -9.6% |
| Financial charges | 65/66B | €18,661 | €33,363 | +€14,702 | +78.8% |
| Recurring financial charges | 65 | €18,661 | €33,363 | +€14,702 | +78.8% |
| Profit (loss) for the period before taxes | 9903 | €29,572 | -€7,203 | -€36,775 | |
| Income taxes | 67/77 | €7,996 | €188 | -€7,808 | -97.6% |
| Profit (loss) for the period | 9904 | €21,576 | -€7,391 | -€28,967 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,576 | -€7,391 | -€28,967 |
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 8 October 2026 via checked.be.