BE.ST: 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.ST
Largest movements
- Tangible fixed assets +€3,797
up €3,797 (+2.7%), from €140,619 to €144,416
of which Land and buildings: +€2,177
- Debts after one year -€11,737
down €11,737 (-12.7%), from €92,642 to €80,905
- Reserves +€9,403
up €9,403 (+1149.7%), from €818 to €10,221
- Tax, wage and social debts +€4,066
up €4,066 (+4972.3%), from €82 to €4,148
- Other debts +€2,616
up €2,616 (+8.9%), from €29,514 to €32,131
- Taxes +€4,066
up €4,066 (+4972.3%), from €82 to €4,148
- Gross operating margin -€2,283
down €2,283 (-8.7%), from €26,265 to €23,981
- Depreciation +€617
up €617 (+11.4%), from €5,396 to €6,013
- Financial charges -€466
down €466 (-10.8%), from €4,328 to €3,862
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 | €158,636 | €163,142 | +€4,506 | +2.8% |
| Fixed assets | 21/28 | €140,619 | €144,416 | +€3,797 | +2.7% |
| Tangible fixed assets | 22/27 | €140,619 | €144,416 | +€3,797 | +2.7% |
| Land and buildings | 22 | €140,619 | €142,796 | +€2,177 | +1.5% |
| Furniture and vehicles | 24 | - | €1,620 | +€1,620 | |
| Current assets | 29/58 | €18,017 | €18,726 | +€709 | +3.9% |
| Cash at bank and in hand | 54/58 | €15,948 | €16,574 | +€626 | +3.9% |
| Deferred charges and accrued income | 490/1 | €2,069 | €2,152 | +€83 | +4.0% |
| Total equity and liabilities | 10/49 | €158,636 | €163,142 | +€4,506 | +2.8% |
| Equity | 10/15 | €24,818 | €34,221 | +€9,403 | +37.9% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €818 | €10,221 | +€9,403 | +1149.7% |
| Distributable reserves | 133 | €818 | €10,221 | +€9,403 | +1149.7% |
| Amounts payable | 17/49 | €133,818 | €128,921 | -€4,897 | -3.7% |
| Amounts payable after more than one year | 17 | €92,642 | €80,905 | -€11,737 | -12.7% |
| Financial debts | 170/4 | €92,642 | €80,905 | -€11,737 | -12.7% |
| Amounts payable within one year | 42/48 | €41,176 | €48,016 | +€6,840 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €11,288 | €11,737 | +€449 | +4.0% |
| Trade debts | 44 | €292 | - | -€292 | |
| Suppliers | 440/4 | €292 | - | -€292 | |
| Taxes, remuneration and social security | 45 | €82 | €4,148 | +€4,066 | +4972.3% |
| Taxes | 450/3 | €82 | €4,148 | +€4,066 | +4972.3% |
| Other amounts payable | 47/48 | €29,514 | €32,131 | +€2,616 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,396 | €6,013 | +€617 | +11.4% |
| Other operating charges | 640/8 | €543 | €555 | +€12 | +2.3% |
| Gross operating margin | 9900 | €26,265 | €23,981 | -€2,283 | -8.7% |
| Operating profit (loss) | 9901 | €20,326 | €17,413 | -€2,913 | -14.3% |
| Financial charges | 65/66B | €4,328 | €3,862 | -€466 | -10.8% |
| Recurring financial charges | 65 | €4,328 | €3,862 | -€466 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €15,998 | €13,551 | -€2,447 | -15.3% |
| Income taxes | 67/77 | €82 | €4,148 | +€4,066 | +4972.3% |
| Profit (loss) for the period | 9904 | €15,916 | €9,403 | -€6,513 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,916 | €9,403 | -€6,513 | -40.9% |
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 30 September 2026 via checked.be.