BE SO: 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 SO
Largest movements
- Receivables within one year +€139,335
up €139,335 (+48.6%), from €286,594 to €425,929
of which Trade receivables: +€133,335
- Cash +€123,399
up €123,399 (+105.0%), from €117,481 to €240,880
mainly Trade debts (+€178,837) and Net result for the year (+€50,050)
- Tangible fixed assets -€22,795
down €22,795 (-27.3%), from €83,547 to €60,752
- Trade debts +€178,837
up €178,837 (+129.1%), from €138,556 to €317,393
- Other debts +€43,250
new in 2025: €43,250
- Tax, wage and social debts +€37,460
up €37,460 (+142.0%), from €26,385 to €63,845
of which Taxes: +€27,295
- Debts after one year -€23,800
down €23,800 (-36.6%), from €65,100 to €41,300
- Gross operating margin +€99,868
up €99,868 (+57.1%), from €174,908 to €274,776
- Staff costs +€48,851
up €48,851 (+35.5%), from €137,431 to €186,282
- Other operating charges -€21,128
down €21,128 (-84.7%), from €24,955 to €3,827
- Taxes -€10,325
down €10,325 (-1529.6%), from -€675 to -€11,000
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 | €624,469 | €862,346 | +€237,877 | +38.1% |
| Fixed assets | 21/28 | €83,547 | €60,752 | -€22,795 | -27.3% |
| Tangible fixed assets | 22/27 | €83,547 | €60,752 | -€22,795 | -27.3% |
| Furniture and vehicles | 24 | €83,547 | €60,752 | -€22,795 | -27.3% |
| Current assets | 29/58 | €540,922 | €801,594 | +€260,672 | +48.2% |
| Stocks and contracts in progress | 3 | €136,847 | €134,785 | -€2,062 | -1.5% |
| Stocks | 30/36 | €136,847 | €134,785 | -€2,062 | -1.5% |
| Amounts receivable within one year | 40/41 | €286,594 | €425,929 | +€139,335 | +48.6% |
| Trade receivables | 40 | €271,594 | €404,929 | +€133,335 | +49.1% |
| Other amounts receivable | 41 | €15,000 | €21,000 | +€6,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €117,481 | €240,880 | +€123,399 | +105.0% |
| Total equity and liabilities | 10/49 | €624,469 | €862,346 | +€237,877 | +38.1% |
| Equity | 10/15 | €322,257 | €322,758 | +€501 | +0.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,451 | +€451 | +4.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | - | €451 | +€451 | |
| Profit (loss) carried forward | 14 | €212,257 | €212,307 | +€50 | 0.0% |
| Amounts payable | 17/49 | €302,212 | €539,588 | +€237,376 | +78.5% |
| Amounts payable after more than one year | 17 | €65,100 | €41,300 | -€23,800 | -36.6% |
| Financial debts | 170/4 | €65,100 | €41,300 | -€23,800 | -36.6% |
| Amounts payable within one year | 42/48 | €237,112 | €498,288 | +€261,176 | +110.1% |
| Current portion of amounts payable after more than one year | 42 | €22,171 | €23,800 | +€1,629 | +7.3% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Other loans | 439 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €138,556 | €317,393 | +€178,837 | +129.1% |
| Suppliers | 440/4 | €138,556 | €317,393 | +€178,837 | +129.1% |
| Taxes, remuneration and social security | 45 | €26,385 | €63,845 | +€37,460 | +142.0% |
| Taxes | 450/3 | €15,342 | €42,637 | +€27,295 | +177.9% |
| Remuneration and social security | 454/9 | €11,043 | €21,208 | +€10,165 | +92.0% |
| Other amounts payable | 47/48 | - | €43,250 | +€43,250 | |
| Remuneration, social security and pensions | 62 | €137,431 | €186,282 | +€48,851 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,897 | €22,795 | -€2,102 | -8.4% |
| Other operating charges | 640/8 | €24,955 | €3,827 | -€21,128 | -84.7% |
| Gross operating margin | 9900 | €174,908 | €274,776 | +€99,868 | +57.1% |
| Operating profit (loss) | 9901 | -€12,375 | €61,872 | +€74,247 | |
| Financial income | 75/76B | €1,669 | €48 | -€1,621 | -97.1% |
| Recurring financial income | 75 | €1,669 | €48 | -€1,621 | -97.1% |
| Financial charges | 65/66B | €23,130 | €22,870 | -€260 | -1.1% |
| Recurring financial charges | 65 | €23,130 | €22,870 | -€260 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€33,836 | €39,050 | +€72,886 | |
| Income taxes | 67/77 | -€675 | -€11,000 | -€10,325 | -1529.6% |
| Profit (loss) for the period | 9904 | -€33,161 | €50,050 | +€83,211 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,161 | €50,050 | +€83,211 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.