BE MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€34,931
down €34,931 (-8.2%), from €424,074 to €389,143
of which Land and buildings: -€18,939
- Cash +€7,113
up €7,113 (+68.0%), from €10,457 to €17,570
mainly Depreciation (+€35,856) and Other debts (+€12,536)
- Deferred charges and accrued income +€6,123
up €6,123 (+152.7%), from €4,010 to €10,133
- Debts after one year -€33,944
down €33,944 (-9.6%), from €352,511 to €318,568
- Other debts +€12,536
up €12,536 (+63.2%), from €19,838 to €32,374
- Profit (loss) carried forward -€11,230
down €11,230, from €8,263 to -€2,967
- Trade debts +€6,977
up €6,977 (+66.0%), from €10,571 to €17,548
- Gross operating margin +€5,598
up €5,598 (+16.8%), from €33,255 to €38,853
- Other operating charges +€1,085
up €1,085 (+30.1%), from €3,600 to €4,685
- Financial charges -€591
down €591 (-5.8%), from €10,165 to €9,574
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 | €442,712 | €418,361 | -€24,351 | -5.5% |
| Fixed assets | 21/28 | €424,074 | €389,143 | -€34,931 | -8.2% |
| Tangible fixed assets | 22/27 | €424,074 | €389,143 | -€34,931 | -8.2% |
| Land and buildings | 22 | €388,907 | €369,968 | -€18,939 | -4.9% |
| Furniture and vehicles | 24 | €35,167 | €19,175 | -€15,991 | -45.5% |
| Current assets | 29/58 | €18,638 | €29,218 | +€10,580 | +56.8% |
| Amounts receivable within one year | 40/41 | €4,171 | €1,515 | -€2,656 | -63.7% |
| Trade receivables | 40 | €3,701 | - | -€3,701 | |
| Other amounts receivable | 41 | €470 | €1,515 | +€1,045 | +222.5% |
| Cash at bank and in hand | 54/58 | €10,457 | €17,570 | +€7,113 | +68.0% |
| Deferred charges and accrued income | 490/1 | €4,010 | €10,133 | +€6,123 | +152.7% |
| Total equity and liabilities | 10/49 | €442,712 | €418,361 | -€24,351 | -5.5% |
| Equity | 10/15 | €27,548 | €16,318 | -€11,230 | -40.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €685 | €685 | = | 0.0% |
| Distributable reserves | 133 | €685 | €685 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,263 | -€2,967 | -€11,230 | |
| Amounts payable | 17/49 | €415,163 | €402,043 | -€13,121 | -3.2% |
| Amounts payable after more than one year | 17 | €352,511 | €318,568 | -€33,944 | -9.6% |
| Financial debts | 170/4 | €352,511 | €318,568 | -€33,944 | -9.6% |
| Amounts payable within one year | 42/48 | €62,652 | €83,475 | +€20,823 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €32,244 | €33,553 | +€1,310 | +4.1% |
| Trade debts | 44 | €10,571 | €17,548 | +€6,977 | +66.0% |
| Suppliers | 440/4 | €10,571 | €17,548 | +€6,977 | +66.0% |
| Other amounts payable | 47/48 | €19,838 | €32,374 | +€12,536 | +63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,795 | €35,856 | +€61 | +0.2% |
| Other operating charges | 640/8 | €3,600 | €4,685 | +€1,085 | +30.1% |
| Gross operating margin | 9900 | €33,255 | €38,853 | +€5,598 | +16.8% |
| Operating profit (loss) | 9901 | -€6,140 | -€1,689 | +€4,452 | +72.5% |
| Financial income | 75/76B | €97 | €161 | +€64 | +66.0% |
| Recurring financial income | 75 | €97 | €161 | +€64 | +66.0% |
| Financial charges | 65/66B | €10,165 | €9,574 | -€591 | -5.8% |
| Recurring financial charges | 65 | €10,165 | €9,574 | -€591 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,208 | -€11,101 | +€5,107 | +31.5% |
| Income taxes | 67/77 | €133 | €129 | -€5 | -3.7% |
| Profit (loss) for the period | 9904 | -€16,342 | -€11,230 | +€5,112 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,342 | -€11,230 | +€5,112 | +31.3% |
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 10 October 2026 via checked.be.