BE & Partners: 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 & Partners
Largest movements
- Receivables within one year +€55,971
up €55,971 (+117.1%), from €47,810 to €103,781
of which Other amounts receivable: +€34,661
- Tangible fixed assets -€19,539
down €19,539 (-9.7%), from €200,440 to €180,901
of which Land and buildings: -€18,305
- Current investments -€14,328
down €14,328 (-30.7%), from €46,601 to €32,273
- Stocks and contracts -€7,545
down €7,545 (-19.8%), from €38,021 to €30,476
- Cash -€4,847
down €4,847 (-12.9%), from €37,676 to €32,828
mainly Receivables within one year (-€55,971) and Trade debts (-€21,002)
- Profit (loss) carried forward +€42,619
up €42,619 (+103.7%), from €41,079 to €83,698
- Trade debts -€21,002
down €21,002 (-14.6%), from €143,426 to €122,424
- Debts after one year -€15,315
down €15,315 (-10.3%), from €148,064 to €132,749
- Tax, wage and social debts +€8,645
up €8,645 (+139.8%), from €6,181 to €14,826
of which Taxes: +€8,590
- Advances received -€5,525
no longer reported in 2025 (was €5,525)
- Gross operating margin +€71,048
up €71,048 (+350.2%), from €20,289 to €91,337
- Staff costs -€15,098
down €15,098 (-37.1%), from €40,737 to €25,639
- Depreciation -€1,010
down €1,010 (-4.9%), from €20,549 to €19,539
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 | €370,689 | €380,259 | +€9,570 | +2.6% |
| Fixed assets | 21/28 | €200,440 | €180,901 | -€19,539 | -9.7% |
| Tangible fixed assets | 22/27 | €200,440 | €180,901 | -€19,539 | -9.7% |
| Land and buildings | 22 | €197,953 | €179,648 | -€18,305 | -9.2% |
| Plant, machinery and equipment | 23 | €2,487 | €1,254 | -€1,233 | -49.6% |
| Current assets | 29/58 | €170,249 | €199,357 | +€29,108 | +17.1% |
| Stocks and contracts in progress | 3 | €38,021 | €30,476 | -€7,545 | -19.8% |
| Stocks | 30/36 | €38,021 | €30,476 | -€7,545 | -19.8% |
| Amounts receivable within one year | 40/41 | €47,810 | €103,781 | +€55,971 | +117.1% |
| Trade receivables | 40 | €42,848 | €64,158 | +€21,310 | +49.7% |
| Other amounts receivable | 41 | €4,962 | €39,623 | +€34,661 | +698.6% |
| Current investments | 50/53 | €46,601 | €32,273 | -€14,328 | -30.7% |
| Cash at bank and in hand | 54/58 | €37,676 | €32,828 | -€4,847 | -12.9% |
| Deferred charges and accrued income | 490/1 | €143 | - | -€143 | |
| Total equity and liabilities | 10/49 | €370,689 | €380,259 | +€9,570 | +2.6% |
| Equity | 10/15 | €51,927 | €94,546 | +€42,619 | +82.1% |
| Contributions | 10/11 | €8,928 | €8,928 | = | 0.0% |
| Reserves | 13 | €1,920 | €1,920 | = | 0.0% |
| Distributable reserves | 133 | €1,920 | €1,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,079 | €83,698 | +€42,619 | +103.7% |
| Amounts payable | 17/49 | €318,762 | €285,713 | -€33,049 | -10.4% |
| Amounts payable after more than one year | 17 | €148,064 | €132,749 | -€15,315 | -10.3% |
| Financial debts | 170/4 | €148,064 | €132,749 | -€15,315 | -10.3% |
| Amounts payable within one year | 42/48 | €170,241 | €152,565 | -€17,676 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €15,109 | €15,315 | +€207 | +1.4% |
| Trade debts | 44 | €143,426 | €122,424 | -€21,002 | -14.6% |
| Suppliers | 440/4 | €143,426 | €122,424 | -€21,002 | -14.6% |
| Advances received on contracts in progress | 46 | €5,525 | - | -€5,525 | |
| Taxes, remuneration and social security | 45 | €6,181 | €14,826 | +€8,645 | +139.8% |
| Taxes | 450/3 | €4,701 | €13,292 | +€8,590 | +182.7% |
| Remuneration and social security | 454/9 | €1,480 | €1,535 | +€54 | +3.7% |
| Accrued charges and deferred income | 492/3 | €457 | €399 | -€58 | -12.7% |
| Non-recurring operating income | 76A | €5,520 | - | -€5,520 | |
| Remuneration, social security and pensions | 62 | €40,737 | €25,639 | -€15,098 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,549 | €19,539 | -€1,010 | -4.9% |
| Other operating charges | 640/8 | €1,338 | €1,236 | -€102 | -7.6% |
| Gross operating margin | 9900 | €20,289 | €91,337 | +€71,048 | +350.2% |
| Operating profit (loss) | 9901 | -€42,334 | €44,923 | +€87,258 | |
| Financial income | 75/76B | €248 | €303 | +€55 | +22.3% |
| Recurring financial income | 75 | €248 | €303 | +€55 | +22.3% |
| Financial charges | 65/66B | €2,678 | €2,608 | -€70 | -2.6% |
| Recurring financial charges | 65 | €2,678 | €2,608 | -€70 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€44,765 | €42,619 | +€87,383 | |
| Income taxes | 67/77 | €38 | - | -€38 | |
| Profit (loss) for the period | 9904 | -€44,803 | €42,619 | +€87,422 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,803 | €42,619 | +€87,422 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.