BE VALUED: 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 VALUED
Largest movements
- Cash -€2,344
down €2,344 (-18.1%), from €12,949 to €10,605
mainly Net result for the year (-€1,482) and Tax, wage and social debts (-€684)
- Deferred charges and accrued income +€636
new in 2025: €636
- Reserves -€1,482
down €1,482 (-9.0%), from €16,417 to €14,935
- Trade debts +€911
new in 2025: €911
- Tax, wage and social debts -€684
no longer reported in 2025 (was €684)
- Other debts -€428
down €428 (-83.4%), from €514 to €85
- Gross operating margin -€745
down €745 (-397.7%), from -€187 to -€933
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
- Financial charges +€10
up €10 (+7.3%), from €139 to €149
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 | €19,114 | €17,432 | -€1,682 | -8.8% |
| Current assets | 29/58 | €19,114 | €17,432 | -€1,682 | -8.8% |
| Amounts receivable within one year | 40/41 | €6,166 | €6,191 | +€26 | +0.4% |
| Trade receivables | 40 | €6,050 | €6,050 | = | 0.0% |
| Other amounts receivable | 41 | €116 | €141 | +€26 | +22.3% |
| Cash at bank and in hand | 54/58 | €12,949 | €10,605 | -€2,344 | -18.1% |
| Deferred charges and accrued income | 490/1 | - | €636 | +€636 | |
| Total equity and liabilities | 10/49 | €19,114 | €17,432 | -€1,682 | -8.8% |
| Equity | 10/15 | €17,917 | €16,435 | -€1,482 | -8.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €16,417 | €14,935 | -€1,482 | -9.0% |
| Distributable reserves | 133 | €16,417 | €14,935 | -€1,482 | -9.0% |
| Amounts payable | 17/49 | €1,197 | €997 | -€201 | -16.8% |
| Amounts payable within one year | 42/48 | €1,197 | €997 | -€201 | -16.8% |
| Trade debts | 44 | - | €911 | +€911 | |
| Suppliers | 440/4 | - | €911 | +€911 | |
| Taxes, remuneration and social security | 45 | €684 | - | -€684 | |
| Taxes | 450/3 | €684 | - | -€684 | |
| Other amounts payable | 47/48 | €514 | €85 | -€428 | -83.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€187 | -€933 | -€745 | -397.7% |
| Operating profit (loss) | 9901 | -€575 | -€1,333 | -€758 | -131.8% |
| Financial charges | 65/66B | €139 | €149 | +€10 | +7.3% |
| Recurring financial charges | 65 | €139 | €149 | +€10 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€714 | -€1,482 | -€768 | -107.6% |
| Profit (loss) for the period | 9904 | -€714 | -€1,482 | -€768 | -107.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€714 | -€1,482 | -€768 | -107.6% |
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 28 September 2026 via checked.be.