be Intermezzo: 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 Intermezzo
Largest movements
- Cash +€26,608
up €26,608 (+20.6%), from €129,219 to €155,827
mainly Net result for the year (+€18,888) and Trade debts (+€5,966)
- Tangible fixed assets -€5,944
down €5,944 (-71.2%), from €8,343 to €2,399
- Receivables within one year +€5,539
up €5,539 (+48.5%), from €11,426 to €16,965
of which Other amounts receivable: +€3,694
- Deferred charges and accrued income +€2,405
up €2,405 (+346.6%), from €694 to €3,099
- Reserves +€18,500
up €18,500 (+15.8%), from €117,110 to €135,610
of which Distributable reserves: +€18,500
- Trade debts +€5,966
up €5,966 (+103.5%), from €5,766 to €11,732
- Tax, wage and social debts +€5,667
up €5,667 (+220.1%), from €2,574 to €8,241
of which Remuneration and social security: +€4,076
- Gross operating margin -€6,095
down €6,095 (-14.9%), from €40,880 to €34,786
- Taxes -€3,716
down €3,716 (-32.1%), from €11,589 to €7,873
- Staff costs +€1,748
new in 2025: €1,748
- Depreciation -€712
down €712 (-10.7%), from €6,656 to €5,944
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 | €149,682 | €178,290 | +€28,607 | +19.1% |
| Fixed assets | 21/28 | €8,343 | €2,399 | -€5,944 | -71.2% |
| Tangible fixed assets | 22/27 | €8,343 | €2,399 | -€5,944 | -71.2% |
| Furniture and vehicles | 24 | €8,343 | €2,399 | -€5,944 | -71.2% |
| Current assets | 29/58 | €141,339 | €175,891 | +€34,552 | +24.4% |
| Amounts receivable within one year | 40/41 | €11,426 | €16,965 | +€5,539 | +48.5% |
| Trade receivables | 40 | €9,993 | €11,838 | +€1,845 | +18.5% |
| Other amounts receivable | 41 | €1,433 | €5,127 | +€3,694 | +257.8% |
| Cash at bank and in hand | 54/58 | €129,219 | €155,827 | +€26,608 | +20.6% |
| Deferred charges and accrued income | 490/1 | €694 | €3,099 | +€2,405 | +346.6% |
| Total equity and liabilities | 10/49 | €149,682 | €178,290 | +€28,607 | +19.1% |
| Equity | 10/15 | €136,157 | €155,046 | +€18,888 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,110 | €135,610 | +€18,500 | +15.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €115,250 | €133,750 | +€18,500 | +16.1% |
| Profit (loss) carried forward | 14 | €447 | €836 | +€388 | +86.8% |
| Amounts payable | 17/49 | €13,525 | €23,244 | +€9,719 | +71.9% |
| Amounts payable within one year | 42/48 | €13,525 | €23,244 | +€9,719 | +71.9% |
| Current portion of amounts payable after more than one year | 42 | €1,237 | - | -€1,237 | |
| Trade debts | 44 | €5,766 | €11,732 | +€5,966 | +103.5% |
| Suppliers | 440/4 | €5,766 | €11,732 | +€5,966 | +103.5% |
| Taxes, remuneration and social security | 45 | €2,574 | €8,241 | +€5,667 | +220.1% |
| Taxes | 450/3 | €2,574 | €4,165 | +€1,591 | +61.8% |
| Remuneration and social security | 454/9 | - | €4,076 | +€4,076 | |
| Other amounts payable | 47/48 | €3,948 | €3,271 | -€676 | -17.1% |
| Remuneration, social security and pensions | 62 | - | €1,748 | +€1,748 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,656 | €5,944 | -€712 | -10.7% |
| Other operating charges | 640/8 | - | €230 | +€230 | |
| Gross operating margin | 9900 | €40,880 | €34,786 | -€6,095 | -14.9% |
| Operating profit (loss) | 9901 | €34,224 | €26,863 | -€7,361 | -21.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €179 | €102 | -€77 | -43.0% |
| Recurring financial charges | 65 | €179 | €102 | -€77 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €34,045 | €26,761 | -€7,284 | -21.4% |
| Income taxes | 67/77 | €11,589 | €7,873 | -€3,716 | -32.1% |
| Profit (loss) for the period | 9904 | €22,456 | €18,888 | -€3,568 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,456 | €18,888 | -€3,568 | -15.9% |
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 6 October 2026 via checked.be.