BE STRONG: 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 STRONG
Largest movements
- Receivables within one year +€64,508
up €64,508 (+440.3%), from €14,651 to €79,159
of which Trade receivables: +€44,526
- Other debts +€272,017
up €272,017 (+3262.6%), from €8,337 to €280,355
- Reserves -€199,127
down €199,127 (-97.6%), from €204,127 to €5,000
- Debts after one year -€46,833
down €46,833 (-7.0%), from €664,834 to €618,001
of which Other amounts payable: -€23,789
- Trade debts +€17,939
up €17,939 (+73.4%), from €24,442 to €42,381
- Tax, wage and social debts +€11,851
up €11,851 (+68.1%), from €17,410 to €29,261
of which Taxes: +€16,035
- Gross operating margin +€52,400
up €52,400 (+26.3%), from €199,162 to €251,562
- Taxes +€12,356
up €12,356 (+96.1%), from €12,864 to €25,220
- Staff costs +€11,068
up €11,068 (+24.6%), from €45,017 to €56,085
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 | €992,225 | €1,053,955 | +€61,730 | +6.2% |
| Fixed assets | 21/28 | €825,676 | €824,281 | -€1,395 | -0.2% |
| Intangible fixed assets | 21 | €7,243 | €4,504 | -€2,739 | -37.8% |
| Tangible fixed assets | 22/27 | €818,433 | €819,778 | +€1,344 | +0.2% |
| Land and buildings | 22 | €745,659 | €722,571 | -€23,088 | -3.1% |
| Plant, machinery and equipment | 23 | €50,421 | €86,949 | +€36,528 | +72.4% |
| Furniture and vehicles | 24 | €22,353 | €10,258 | -€12,095 | -54.1% |
| Current assets | 29/58 | €166,548 | €229,673 | +€63,125 | +37.9% |
| Amounts receivable within one year | 40/41 | €14,651 | €79,159 | +€64,508 | +440.3% |
| Trade receivables | 40 | €1,939 | €46,464 | +€44,526 | +2296.9% |
| Other amounts receivable | 41 | €12,713 | €32,695 | +€19,982 | +157.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €149,437 | €149,486 | +€48 | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,460 | €1,029 | -€1,431 | -58.2% |
| Total equity and liabilities | 10/49 | €992,225 | €1,053,955 | +€61,730 | +6.2% |
| Equity | 10/15 | €224,170 | €25,043 | -€199,127 | -88.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €204,127 | €5,000 | -€199,127 | -97.6% |
| Distributable reserves | 133 | €204,127 | €5,000 | -€199,127 | -97.6% |
| Profit (loss) carried forward | 14 | €43 | €43 | = | 0.0% |
| Amounts payable | 17/49 | €768,055 | €1,028,912 | +€260,857 | +34.0% |
| Amounts payable after more than one year | 17 | €664,834 | €618,001 | -€46,833 | -7.0% |
| Financial debts | 170/4 | €504,502 | €481,458 | -€23,045 | -4.6% |
| Other amounts payable | 178/9 | €160,332 | €136,544 | -€23,789 | -14.8% |
| Amounts payable within one year | 42/48 | €93,516 | €402,343 | +€308,828 | +330.2% |
| Current portion of amounts payable after more than one year | 42 | €43,326 | €50,347 | +€7,020 | +16.2% |
| Trade debts | 44 | €24,442 | €42,381 | +€17,939 | +73.4% |
| Suppliers | 440/4 | €24,442 | €42,381 | +€17,939 | +73.4% |
| Taxes, remuneration and social security | 45 | €17,410 | €29,261 | +€11,851 | +68.1% |
| Taxes | 450/3 | €10,838 | €26,873 | +€16,035 | +147.9% |
| Remuneration and social security | 454/9 | €6,571 | €2,388 | -€4,184 | -63.7% |
| Other amounts payable | 47/48 | €8,337 | €280,355 | +€272,017 | +3262.6% |
| Accrued charges and deferred income | 492/3 | €9,704 | €8,567 | -€1,137 | -11.7% |
| Remuneration, social security and pensions | 62 | €45,017 | €56,085 | +€11,068 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,523 | €65,684 | +€2,161 | +3.4% |
| Other operating charges | 640/8 | €3,349 | €3,593 | +€244 | +7.3% |
| Non-recurring operating charges | 66A | - | €13,175 | +€13,175 | |
| Gross operating margin | 9900 | €199,162 | €251,562 | +€52,400 | +26.3% |
| Operating profit (loss) | 9901 | €87,273 | €113,026 | +€25,753 | +29.5% |
| Financial income | 75/76B | €2,348 | €2,167 | -€181 | -7.7% |
| Recurring financial income | 75 | €2,348 | €2,167 | -€181 | -7.7% |
| Financial charges | 65/66B | €22,931 | €21,370 | -€1,561 | -6.8% |
| Recurring financial charges | 65 | €22,931 | €21,370 | -€1,561 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €66,690 | €93,823 | +€27,132 | +40.7% |
| Income taxes | 67/77 | €12,864 | €25,220 | +€12,356 | +96.1% |
| Profit (loss) for the period | 9904 | €53,827 | €68,603 | +€14,776 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,827 | €68,603 | +€14,776 | +27.5% |
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 11 October 2026 via checked.be.