BE-INVEST: 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-INVEST
Largest movements
- Stocks and contracts -€301,417
no longer reported in 2025 (was €301,417)
- Cash +€280,975
up €280,975 (+10,839%), from €2,592 to €283,568
mainly Stocks and contracts (+€301,417) and Net result for the year (+€105,534)
- Receivables within one year +€99,107
up €99,107 (+20,608%), from €481 to €99,587
of which Other amounts receivable: +€84,762
- Reserves +€105,534
up €105,534 (+163%), from €64,849 to €170,384
- Debts after one year -€40,000
down €40,000 (-17.0%), from €235,000 to €195,000
- Tax, wage and social debts +€13,130
up €13,130 (+497%), from €2,641 to €15,771
- Gross operating margin +€26,525
up €26,525 (+22.3%), from €119,094 to €145,619
- Taxes +€13,305
up €13,305 (+58.8%), from €22,641 to €35,946
- Other operating charges +€1,826
up €1,826 (+361%), from €505 to €2,332
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 | €304,491 | €383,155 | +€78,665 | +25.8% |
| Current assets | 29/58 | €304,491 | €383,155 | +€78,665 | +25.8% |
| Stocks and contracts in progress | 3 | €301,417 | - | -€301,417 | |
| Stocks | 30/36 | €301,417 | - | -€301,417 | |
| Amounts receivable within one year | 40/41 | €481 | €99,587 | +€99,107 | +20,608% |
| Trade receivables | 40 | €29 | €14,373 | +€14,344 | +49,807% |
| Other amounts receivable | 41 | €452 | €85,214 | +€84,762 | +18,748% |
| Cash at bank and in hand | 54/58 | €2,592 | €283,568 | +€280,975 | +10,839% |
| Total equity and liabilities | 10/49 | €304,491 | €383,155 | +€78,665 | +25.8% |
| Equity | 10/15 | €66,849 | €172,384 | +€105,534 | +158% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €64,849 | €170,384 | +€105,534 | +163% |
| Distributable reserves | 133 | €64,849 | €170,384 | +€105,534 | +163% |
| Amounts payable | 17/49 | €237,641 | €210,771 | -€26,870 | -11.3% |
| Amounts payable after more than one year | 17 | €235,000 | €195,000 | -€40,000 | -17.0% |
| Financial debts | 170/4 | €235,000 | €195,000 | -€40,000 | -17.0% |
| Amounts payable within one year | 42/48 | €2,641 | €15,771 | +€13,130 | +497% |
| Taxes, remuneration and social security | 45 | €2,641 | €15,771 | +€13,130 | +497% |
| Taxes | 450/3 | €2,641 | €15,771 | +€13,130 | +497% |
| Other operating charges | 640/8 | €505 | €2,332 | +€1,826 | +361% |
| Gross operating margin | 9900 | €119,094 | €145,619 | +€26,525 | +22.3% |
| Operating profit (loss) | 9901 | €118,589 | €143,287 | +€24,699 | +20.8% |
| Financial income | 75/76B | - | €582 | +€582 | |
| Recurring financial income | 75 | - | €582 | +€582 | |
| Financial charges | 65/66B | €2,389 | €2,389 | = | 0.0% |
| Recurring financial charges | 65 | €2,389 | €2,389 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €116,200 | €141,480 | +€25,281 | +21.8% |
| Income taxes | 67/77 | €22,641 | €35,946 | +€13,305 | +58.8% |
| Profit (loss) for the period | 9904 | €93,558 | €105,534 | +€11,976 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,558 | €105,534 | +€11,976 | +12.8% |
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 1 November 2026 via checked.be.