BE-R: 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-R
Largest movements
- Receivables within one year -€24,019
down €24,019 (-37.6%), from €63,828 to €39,809
of which Trade receivables: -€15,376
- Cash -€7,223
down €7,223 (-31.4%), from €23,017 to €15,795
mainly Contributions, distributions and other (-€110,000) and Trade debts (-€9,457)
- Deferred charges and accrued income -€1,762
no longer reported in 2025 (was €1,762)
- Tangible fixed assets -€1,044
down €1,044 (-42.8%), from €2,439 to €1,395
- Profit (loss) carried forward -€49,539
down €49,539 (-77.8%), from €63,699 to €14,160
- Other debts +€21,500
new in 2025: €21,500
- Trade debts -€9,457
down €9,457 (-70.4%), from €13,425 to €3,968
- Tax, wage and social debts +€3,085
up €3,085 (+33.2%), from €9,291 to €12,376
- Gross operating margin +€11,365
up €11,365 (+15.2%), from €74,568 to €85,933
- Taxes +€2,473
up €2,473 (+15.9%), from €15,571 to €18,043
- Depreciation -€1,536
down €1,536 (-43.8%), from €3,503 to €1,967
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 | €91,415 | €57,249 | -€34,166 | -37.4% |
| Formation expenses | 20 | €118 | - | -€118 | |
| Fixed assets | 21/28 | €2,689 | €1,645 | -€1,044 | -38.8% |
| Tangible fixed assets | 22/27 | €2,439 | €1,395 | -€1,044 | -42.8% |
| Furniture and vehicles | 24 | €2,439 | €1,395 | -€1,044 | -42.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €88,607 | €55,603 | -€33,004 | -37.2% |
| Amounts receivable within one year | 40/41 | €63,828 | €39,809 | -€24,019 | -37.6% |
| Trade receivables | 40 | €52,221 | €36,845 | -€15,376 | -29.4% |
| Other amounts receivable | 41 | €11,607 | €2,964 | -€8,644 | -74.5% |
| Cash at bank and in hand | 54/58 | €23,017 | €15,795 | -€7,223 | -31.4% |
| Deferred charges and accrued income | 490/1 | €1,762 | - | -€1,762 | |
| Total equity and liabilities | 10/49 | €91,415 | €57,249 | -€34,166 | -37.4% |
| Equity | 10/15 | €68,699 | €19,160 | -€49,539 | -72.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,699 | €14,160 | -€49,539 | -77.8% |
| Amounts payable | 17/49 | €22,716 | €38,089 | +€15,372 | +67.7% |
| Amounts payable within one year | 42/48 | €22,716 | €37,844 | +€15,128 | +66.6% |
| Trade debts | 44 | €13,425 | €3,968 | -€9,457 | -70.4% |
| Suppliers | 440/4 | €13,425 | €3,968 | -€9,457 | -70.4% |
| Taxes, remuneration and social security | 45 | €9,291 | €12,376 | +€3,085 | +33.2% |
| Taxes | 450/3 | €9,291 | €12,376 | +€3,085 | +33.2% |
| Other amounts payable | 47/48 | - | €21,500 | +€21,500 | |
| Accrued charges and deferred income | 492/3 | - | €245 | +€245 | |
| Remuneration, social security and pensions | 62 | €2,080 | €2,064 | -€16 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,503 | €1,967 | -€1,536 | -43.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €74,568 | €85,933 | +€11,365 | +15.2% |
| Operating profit (loss) | 9901 | €68,598 | €81,502 | +€12,904 | +18.8% |
| Financial income | 75/76B | - | €323 | +€323 | |
| Recurring financial income | 75 | - | €323 | +€323 | |
| Financial charges | 65/66B | €3,510 | €3,320 | -€189 | -5.4% |
| Recurring financial charges | 65 | €3,510 | €3,320 | -€189 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €65,088 | €78,505 | +€13,416 | +20.6% |
| Income taxes | 67/77 | €15,571 | €18,043 | +€2,473 | +15.9% |
| Profit (loss) for the period | 9904 | €49,518 | €60,461 | +€10,944 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,518 | €60,461 | +€10,944 | +22.1% |
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.