Be Projects: 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 Projects
Largest movements
- Current investments -€24,431
down €24,431 (-100.0%), from €24,431 to €0
- Debts after one year -€28,378
down €28,378 (-24.1%), from €117,635 to €89,257
- Other debts +€19,390
up €19,390 (+1.4%), from €1.4m to €1.4m
- Accrued charges and deferred income -€17,227
down €17,227 (-63.9%), from €26,958 to €9,732
- Depreciation -€39,615
down €39,615 (-84.1%), from €47,115 to €7,500
- Financial charges -€24,977
down €24,977 (-87.0%), from €28,694 to €3,717
- Gross operating margin +€15,750
up €15,750 (+76.4%), from -€20,621 to -€4,871
- Financial income +€1,224
up €1,224 (+14.7%), from €8,310 to €9,534
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 | €1,682,647 | €1,647,379 | -€35,268 | -2.1% |
| Fixed assets | 21/28 | €1,533,751 | €1,534,556 | +€805 | +0.1% |
| Tangible fixed assets | 22/27 | €1,018,485 | €1,010,985 | -€7,500 | -0.7% |
| Land and buildings | 22 | €1,018,485 | €1,010,985 | -€7,500 | -0.7% |
| Financial fixed assets | 28 | €515,266 | €523,571 | +€8,305 | +1.6% |
| Current assets | 29/58 | €148,896 | €112,823 | -€36,073 | -24.2% |
| Stocks and contracts in progress | 3 | €986 | €0 | -€986 | -100.0% |
| Stocks | 30/36 | €986 | €0 | -€986 | -100.0% |
| Amounts receivable within one year | 40/41 | €53,092 | €53,904 | +€812 | +1.5% |
| Trade receivables | 40 | €2,067 | €1,884 | -€183 | -8.9% |
| Other amounts receivable | 41 | €51,025 | €52,020 | +€995 | +2.0% |
| Current investments | 50/53 | €24,431 | €0 | -€24,431 | -100.0% |
| Cash at bank and in hand | 54/58 | €70,287 | €58,761 | -€11,526 | -16.4% |
| Deferred charges and accrued income | 490/1 | €100 | €158 | +€59 | +59.2% |
| Total equity and liabilities | 10/49 | €1,682,647 | €1,647,379 | -€35,268 | -2.1% |
| Equity | 10/15 | €83,564 | €75,130 | -€8,434 | -10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,276 | €158,276 | = | 0.0% |
| Distributable reserves | 133 | €158,276 | €158,276 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,312 | -€101,746 | -€8,434 | -9.0% |
| Amounts payable | 17/49 | €1,599,083 | €1,572,249 | -€26,834 | -1.7% |
| Amounts payable after more than one year | 17 | €117,635 | €89,257 | -€28,378 | -24.1% |
| Financial debts | 170/4 | €117,635 | €89,257 | -€28,378 | -24.1% |
| Amounts payable within one year | 42/48 | €1,454,489 | €1,473,260 | +€18,771 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €28,104 | €28,378 | +€275 | +1.0% |
| Trade debts | 44 | €981 | €88 | -€893 | -91.1% |
| Suppliers | 440/4 | €981 | €88 | -€893 | -91.1% |
| Other amounts payable | 47/48 | €1,425,404 | €1,444,794 | +€19,390 | +1.4% |
| Accrued charges and deferred income | 492/3 | €26,958 | €9,732 | -€17,227 | -63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,115 | €7,500 | -€39,615 | -84.1% |
| Other operating charges | 640/8 | €1,637 | €1,817 | +€181 | +11.0% |
| Gross operating margin | 9900 | -€20,621 | -€4,871 | +€15,750 | +76.4% |
| Operating profit (loss) | 9901 | -€69,373 | -€14,188 | +€55,185 | +79.5% |
| Financial income | 75/76B | €8,310 | €9,534 | +€1,224 | +14.7% |
| Recurring financial income | 75 | €8,310 | €9,534 | +€1,224 | +14.7% |
| Financial charges | 65/66B | €28,694 | €3,717 | -€24,977 | -87.0% |
| Recurring financial charges | 65 | €28,694 | €3,717 | -€24,977 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | -€89,757 | -€8,371 | +€81,386 | +90.7% |
| Income taxes | 67/77 | €44 | €63 | +€19 | +43.8% |
| Profit (loss) for the period | 9904 | -€89,801 | -€8,434 | +€81,367 | +90.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,801 | -€8,434 | +€81,367 | +90.6% |
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 5 October 2026 via checked.be.