BE Infra: 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 Infra
Largest movements
- Tangible fixed assets +€31,469
up €31,469 (+146%), from €21,601 to €53,070
of which Furniture and vehicles: +€33,493
- Cash -€24,915
down €24,915 (-35.0%), from €71,234 to €46,319
mainly Investment in fixed assets (net) (-€45,302) and Receivables within one year (-€11,096)
- Receivables within one year +€11,096
up €11,096 (+15.6%), from €71,341 to €82,437
of which Trade receivables: +€6,781
- Profit (loss) carried forward +€14,386
up €14,386 (+10.6%), from €135,328 to €149,714
- Tax, wage and social debts +€10,342
up €10,342 (+64.8%), from €15,968 to €26,310
of which Taxes: +€8,287
- Trade debts -€5,846
down €5,846 (-95.1%), from €6,151 to €304
- Gross operating margin -€13,848
down €13,848 (-20.4%), from €67,761 to €53,912
- Depreciation +€1,712
up €1,712 (+14.1%), from €12,121 to €13,833
- Financial charges -€1,025
down €1,025 (-65.4%), from €1,568 to €543
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 | €164,175 | €181,826 | +€17,650 | +10.8% |
| Fixed assets | 21/28 | €21,601 | €53,070 | +€31,469 | +146% |
| Tangible fixed assets | 22/27 | €21,601 | €53,070 | +€31,469 | +146% |
| Plant, machinery and equipment | 23 | €2,471 | €447 | -€2,024 | -81.9% |
| Furniture and vehicles | 24 | €19,130 | €52,623 | +€33,493 | +175% |
| Current assets | 29/58 | €142,574 | €128,756 | -€13,819 | -9.7% |
| Amounts receivable within one year | 40/41 | €71,341 | €82,437 | +€11,096 | +15.6% |
| Trade receivables | 40 | €44,137 | €50,919 | +€6,781 | +15.4% |
| Other amounts receivable | 41 | €27,203 | €31,518 | +€4,314 | +15.9% |
| Cash at bank and in hand | 54/58 | €71,234 | €46,319 | -€24,915 | -35.0% |
| Total equity and liabilities | 10/49 | €164,175 | €181,826 | +€17,650 | +10.8% |
| Equity | 10/15 | €140,328 | €154,714 | +€14,386 | +10.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,328 | €149,714 | +€14,386 | +10.6% |
| Amounts payable | 17/49 | €23,847 | €27,112 | +€3,265 | +13.7% |
| Amounts payable within one year | 42/48 | €23,847 | €27,112 | +€3,265 | +13.7% |
| Trade debts | 44 | €6,151 | €304 | -€5,846 | -95.1% |
| Suppliers | 440/4 | €6,151 | €304 | -€5,846 | -95.1% |
| Taxes, remuneration and social security | 45 | €15,968 | €26,310 | +€10,342 | +64.8% |
| Taxes | 450/3 | €15,599 | €23,885 | +€8,287 | +53.1% |
| Remuneration and social security | 454/9 | €370 | €2,425 | +€2,056 | +556% |
| Other amounts payable | 47/48 | €1,728 | €497 | -€1,231 | -71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,121 | €13,833 | +€1,712 | +14.1% |
| Other operating charges | 640/8 | €2,905 | €3,398 | +€493 | +17.0% |
| Non-recurring operating charges | 66A | - | €9,726 | +€9,726 | |
| Gross operating margin | 9900 | €67,761 | €53,912 | -€13,848 | -20.4% |
| Operating profit (loss) | 9901 | €52,734 | €26,955 | -€25,779 | -48.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +66.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +66.7% |
| Financial charges | 65/66B | €1,568 | €543 | -€1,025 | -65.4% |
| Recurring financial charges | 65 | €1,568 | €543 | -€1,025 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €51,166 | €26,412 | -€24,754 | -48.4% |
| Income taxes | 67/77 | €11,594 | €12,027 | +€433 | +3.7% |
| Profit (loss) for the period | 9904 | €39,573 | €14,386 | -€25,187 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,573 | €14,386 | -€25,187 | -63.6% |
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 14 October 2026 via checked.be.