BE STAGE: 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 STAGE
Largest movements
- Intangible fixed assets -€10,000
no longer reported in 2025 (was €10,000)
- Cash -€9,269
down €9,269 (-27.6%), from €33,543 to €24,275
mainly Other debts (-€10,987) and Debts after one year (-€8,945)
- Tangible fixed assets -€4,560
down €4,560 (-39.5%), from €11,550 to €6,990
of which Furniture and vehicles: -€5,706
- Financial fixed assets -€2,882
down €2,882 (-87.9%), from €3,280 to €398
- Receivables within one year +€1,359
up €1,359 (+192.6%), from €705 to €2,064
of which Trade receivables: +€1,360
- Other debts -€10,987
down €10,987 (-34.3%), from €32,076 to €21,089
- Debts after one year -€8,945
down €8,945 (-10.1%), from €88,712 to €79,767
of which Financial debts: -€8,945
- Tax, wage and social debts -€5,933
down €5,933 (-67.3%), from €8,820 to €2,887
of which Taxes: -€5,933
- Profit (loss) carried forward +€4,677
up €4,677 (+5.0%), from -€94,400 to -€89,723
- Current portion of long-term debt -€2,839
down €2,839 (-24.1%), from €11,784 to €8,945
- Gross operating margin -€21,822
down €21,822 (-47.3%), from €46,103 to €24,282
- Depreciation -€1,204
down €1,204 (-6.8%), from €17,743 to €16,539
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 | €59,501 | €34,157 | -€25,344 | -42.6% |
| Fixed assets | 21/28 | €24,830 | €7,388 | -€17,442 | -70.2% |
| Intangible fixed assets | 21 | €10,000 | - | -€10,000 | |
| Tangible fixed assets | 22/27 | €11,550 | €6,990 | -€4,560 | -39.5% |
| Plant, machinery and equipment | 23 | €3,115 | €4,261 | +€1,146 | +36.8% |
| Furniture and vehicles | 24 | €8,436 | €2,729 | -€5,706 | -67.6% |
| Financial fixed assets | 28 | €3,280 | €398 | -€2,882 | -87.9% |
| Current assets | 29/58 | €34,671 | €26,769 | -€7,902 | -22.8% |
| Amounts receivable within one year | 40/41 | €705 | €2,064 | +€1,359 | +192.6% |
| Trade receivables | 40 | €704 | €2,064 | +€1,360 | +193.3% |
| Other amounts receivable | 41 | €2 | - | -€2 | |
| Cash at bank and in hand | 54/58 | €33,543 | €24,275 | -€9,269 | -27.6% |
| Deferred charges and accrued income | 490/1 | €422 | €430 | +€8 | +1.9% |
| Total equity and liabilities | 10/49 | €59,501 | €34,157 | -€25,344 | -42.6% |
| Equity | 10/15 | -€86,340 | -€81,663 | +€4,677 | +5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,400 | -€89,723 | +€4,677 | +5.0% |
| Amounts payable | 17/49 | €145,841 | €115,820 | -€30,021 | -20.6% |
| Amounts payable after more than one year | 17 | €88,712 | €79,767 | -€8,945 | -10.1% |
| Financial debts | 170/4 | €8,945 | - | -€8,945 | |
| Trade debts | 175 | €79,767 | €79,767 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,129 | €36,053 | -€21,076 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €11,784 | €8,945 | -€2,839 | -24.1% |
| Trade debts | 44 | €4,450 | €3,132 | -€1,318 | -29.6% |
| Suppliers | 440/4 | €4,450 | €3,132 | -€1,318 | -29.6% |
| Taxes, remuneration and social security | 45 | €8,820 | €2,887 | -€5,933 | -67.3% |
| Taxes | 450/3 | €7,449 | €1,516 | -€5,933 | -79.6% |
| Remuneration and social security | 454/9 | €1,371 | €1,371 | = | 0.0% |
| Other amounts payable | 47/48 | €32,076 | €21,089 | -€10,987 | -34.3% |
| Non-recurring operating income | 76A | - | €1,150 | +€1,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,743 | €16,539 | -€1,204 | -6.8% |
| Other operating charges | 640/8 | €920 | €1,370 | +€450 | +48.9% |
| Non-recurring operating charges | 66A | - | €1,331 | +€1,331 | |
| Gross operating margin | 9900 | €46,103 | €24,282 | -€21,822 | -47.3% |
| Operating profit (loss) | 9901 | €27,440 | €5,042 | -€22,398 | -81.6% |
| Financial income | 75/76B | €27 | €6 | -€21 | -79.0% |
| Recurring financial income | 75 | €27 | €6 | -€21 | -79.0% |
| Financial charges | 65/66B | €756 | €370 | -€386 | -51.0% |
| Recurring financial charges | 65 | €756 | €370 | -€386 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €26,711 | €4,677 | -€22,034 | -82.5% |
| Profit (loss) for the period | 9904 | €26,711 | €4,677 | -€22,034 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,711 | €4,677 | -€22,034 | -82.5% |
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 8 October 2026 via checked.be.