be-MINE: 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.
What changed
be-MINE
NACE 68.122, Development of non-residential building projects
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€845,593
2024 · -€1.2m+€310,087
Equity
€5.2m
2024 · €6.1m-€855,593
Cash
€906,747
2024 · €79,793+€826,954
Balance sheet total
€26.4m
2024 · €21.6m+€4.8m
Largest movements
Assets
- Stocks and contracts +€3.3m
up €3.3m (+24.7%), from €13.2m to €16.5m
- Financial fixed assets +€1.2m
up €1.2m (+43.2%), from €2.7m to €3.9m
- Cash +€826,954
up €826,954 (+1036.4%), from €79,793 to €906,747
mainly Debts after one year (+€4.0m) and Trade debts (+€2.7m)
- Tangible fixed assets -€344,307
down €344,307 (-7.0%), from €4.9m to €4.6m
of which Land and buildings: -€343,346
Equity and liabilities
- Debts after one year +€4.0m
new in 2025: €4.0m
- Trade debts +€2.7m
up €2.7m (+535.0%), from €502,732 to €3.2m
- Other debts -€2.4m
down €2.4m (-62.7%), from €3.8m to €1.4m
- Advances received +€1.3m
up €1.3m (+16.3%), from €8.0m to €9.3m
- Profit (loss) carried forward -€845,593
down €845,593 (-53.0%), from -€1.6m to -€2.4m
Income statement
- Other operating income -€1.2m
down €1.2m (-59.6%), from €2.0m to €823,766
- Goods and materials +€1.0m
up €1.0m (+39.4%), from €2.6m to €3.7m
of which Purchases: +€969,067
- Turnover +€828,315
up €828,315 (+678.6%), from €122,061 to €950,376
- Other operating charges -€225,371
down €225,371 (-88.1%), from €255,913 to €30,542
- Depreciation +€99,863
up €99,863 (+40.9%), from €244,444 to €344,307
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.
Result 2024
-€1.2m
Turnover
+€828,315
Other operating income
-€1.2m
Goods and materials
-€1.0m
Services and other goods
-€15,932
Staff costs
+€15,382
Depreciation
-€99,863
Other operating charges
+€225,371
Other operating items
+€1.7m
Financial income
-€16,148
Financial charges
-€56,624
Taxes
+€5,370
Result 2025
-€845,593
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.
From operations
-€2.0m
Investment
-€1.2m
Financing
+€4.0m
Cash 2024
€79,793
From operations (derived)
-€2.0m
Net result for the year
-€845,593
Depreciation
+€344,307
Stocks and contracts
-€3.3m
Receivables within one year
+€153,588
Deferred charges and accrued income
+€22,585
Trade debts
+€2.7m
Tax, wage and social debts
-€9,325
Advances received
+€1.3m
Other debts
-€2.4m
Accrued charges and deferred income
+€18,686
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€4.0m
Debts after one year
+€4.0m
Contributions, distributions and other
-€10,000
Cash 2025
€906,747
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,589,255 | €26,353,193 | +€4.8m | +22.1% |
| Fixed assets | 21/28 | €7,657,033 | €8,501,501 | +€844,469 | +11.0% |
| Tangible fixed assets | 22/27 | €4,908,029 | €4,563,722 | -€344,307 | -7.0% |
| Land and buildings | 22 | €4,906,672 | €4,563,326 | -€343,346 | -7.0% |
| Plant, machinery and equipment | 23 | €1,167 | €396 | -€771 | -66.1% |
| Furniture and vehicles | 24 | €190 | €0 | -€190 | -100.0% |
| Financial fixed assets | 28 | €2,749,003 | €3,937,779 | +€1.2m | +43.2% |
| Affiliated companies | 280/1 | €2,749,003 | €3,937,779 | +€1.2m | +43.2% |
| Participating interests | 280 | €2,349,000 | €2,349,000 | = | 0.0% |
| Amounts receivable | 281 | €400,003 | €1,588,779 | +€1.2m | +297.2% |
| Current assets | 29/58 | €13,932,222 | €17,851,691 | +€3.9m | +28.1% |
| Stocks and contracts in progress | 3 | €13,238,245 | €16,506,932 | +€3.3m | +24.7% |
| Stocks | 30/36 | €13,238,245 | €16,506,932 | +€3.3m | +24.7% |
| Property held for sale | 35 | €13,238,245 | €16,506,932 | +€3.3m | +24.7% |
| Amounts receivable within one year | 40/41 | €502,266 | €348,678 | -€153,588 | -30.6% |
| Trade receivables | 40 | €493,964 | €325,654 | -€168,310 | -34.1% |
| Other amounts receivable | 41 | €8,302 | €23,024 | +€14,722 | +177.3% |
| Cash at bank and in hand | 54/58 | €79,793 | €906,747 | +€826,954 | +1036.4% |
| Deferred charges and accrued income | 490/1 | €111,919 | €89,334 | -€22,585 | -20.2% |
| Total equity and liabilities | 10/49 | €21,589,255 | €26,353,193 | +€4.8m | +22.1% |
| Equity | 10/15 | €6,060,029 | €5,204,436 | -€855,593 | -14.1% |
| Contributions | 10/11 | €7,321,999 | €7,321,999 | = | 0.0% |
| Capital | 10 | €3,922,000 | €3,922,000 | = | 0.0% |
| Issued capital | 100 | €3,922,000 | €3,922,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,399,999 | €3,399,999 | = | 0.0% |
| Share premium | 1100/10 | €3,399,999 | €3,399,999 | = | 0.0% |
| Reserves | 13 | €192,001 | €192,001 | = | 0.0% |
| Non-distributable reserves | 130/1 | €192,001 | €192,001 | = | 0.0% |
| Legal reserve | 130 | €192,000 | €192,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,596,471 | -€2,442,064 | -€845,593 | -53.0% |
| Investment grants | 15 | €142,500 | €132,500 | -€10,000 | -7.0% |
| Amounts payable | 17/49 | €15,529,226 | €21,148,756 | +€5.6m | +36.2% |
| Amounts payable after more than one year | 17 | - | €4,000,000 | +€4.0m | |
| Financial debts | 170/4 | - | €4,000,000 | +€4.0m | |
| Other loans | 174 | - | €4,000,000 | +€4.0m | |
| Amounts payable within one year | 42/48 | €15,499,803 | €17,100,647 | +€1.6m | +10.3% |
| Financial debts | 43 | €3,200,000 | €3,200,000 | = | 0.0% |
| Credit institutions | 430/8 | €3,200,000 | €3,200,000 | = | 0.0% |
| Trade debts | 44 | €502,732 | €3,192,462 | +€2.7m | +535.0% |
| Suppliers | 440/4 | €502,732 | €3,192,462 | +€2.7m | +535.0% |
| Advances received on contracts in progress | 46 | €7,975,962 | €9,278,181 | +€1.3m | +16.3% |
| Taxes, remuneration and social security | 45 | €22,205 | €12,880 | -€9,325 | -42.0% |
| Taxes | 450/3 | €4,193 | €3,068 | -€1,125 | -26.8% |
| Remuneration and social security | 454/9 | €18,012 | €9,812 | -€8,200 | -45.5% |
| Other amounts payable | 47/48 | €3,798,904 | €1,417,124 | -€2.4m | -62.7% |
| Accrued charges and deferred income | 492/3 | €29,423 | €48,109 | +€18,686 | +63.5% |
| Operating income | 70/76A | €2,430,901 | €3,720,135 | +€1.3m | +53.0% |
| Turnover | 70 | €122,061 | €950,376 | +€828,315 | +678.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €271,651 | €1,945,993 | +€1.7m | +616.4% |
| Other operating income | 74 | €2,037,189 | €823,766 | -€1.2m | -59.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €3,472,582 | €4,384,327 | +€911,745 | +26.3% |
| Goods for resale, raw materials and consumables | 60 | €2,630,298 | €3,667,002 | +€1.0m | +39.4% |
| Purchases | 600/8 | €2,697,935 | €3,667,002 | +€969,067 | +35.9% |
| Change in stocks: decrease (increase) | 609 | -€67,636 | - | +€67,636 | |
| Services and other goods | 61 | €192,793 | €208,724 | +€15,932 | +8.3% |
| Remuneration, social security and pensions | 62 | €149,133 | €133,751 | -€15,382 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244,444 | €344,307 | +€99,863 | +40.9% |
| Other operating charges | 640/8 | €255,913 | €30,542 | -€225,371 | -88.1% |
| Operating profit (loss) | 9901 | -€1,041,680 | -€664,192 | +€377,488 | +36.2% |
| Financial income | 75/76B | €59,197 | €43,049 | -€16,148 | -27.3% |
| Recurring financial income | 75 | €59,197 | €43,049 | -€16,148 | -27.3% |
| Income from current assets | 751 | €49,747 | €33,048 | -€16,699 | -33.6% |
| Other financial income | 752/9 | €9,450 | €10,001 | +€551 | +5.8% |
| Financial charges | 65/66B | €167,821 | €224,445 | +€56,624 | +33.7% |
| Recurring financial charges | 65 | €167,821 | €224,445 | +€56,624 | +33.7% |
| Debt charges | 650 | €153,917 | €209,827 | +€55,910 | +36.3% |
| Other financial charges | 652/9 | €13,905 | €14,618 | +€714 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,150,305 | -€845,588 | +€304,717 | +26.5% |
| Income taxes | 67/77 | €5,375 | €5 | -€5,370 | -99.9% |
| Taxes | 670/3 | €5,375 | €5 | -€5,370 | -99.9% |
| Profit (loss) for the period | 9904 | -€1,155,680 | -€845,593 | +€310,087 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,155,680 | -€845,593 | +€310,087 | +26.8% |
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 11 October 2026 via checked.be.