BE2: 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.
BE2
Largest movements
- Receivables within one year -€55,221
down €55,221 (-11.9%), from €464,574 to €409,352
of which Trade receivables: -€42,872
- Tangible fixed assets -€21,433
down €21,433 (-2.5%), from €854,343 to €832,909
of which Land and buildings: -€22,538
- Cash -€17,483
down €17,483 (-24.7%), from €70,893 to €53,409
mainly Net result for the year (-€41,961) and Trade debts (-€30,136)
- Profit (loss) carried forward -€41,961
down €41,961 (-18.9%), from €222,555 to €180,594
- Trade debts -€30,136
down €30,136 (-99.6%), from €30,264 to €129
- Debts after one year -€23,059
down €23,059 (-3.4%), from €677,959 to €654,899
- Depreciation -€110,084
down €110,084 (-82.4%), from €133,542 to €23,458
- Gross operating margin +€31,630
up €31,630, from -€23,579 to €8,052
- Financial charges +€21,827
up €21,827 (+199%), from €10,947 to €32,774
- Financial income -€8,874
down €8,874 (-48.8%), from €18,190 to €9,316
- Other operating charges +€2,350
up €2,350 (+315%), from €747 to €3,097
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.
Derived cash bridge
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 | €1,389,809 | €1,295,671 | -€94,138 | -6.8% |
| Fixed assets | 21/28 | €854,343 | €832,909 | -€21,433 | -2.5% |
| Tangible fixed assets | 22/27 | €854,343 | €832,909 | -€21,433 | -2.5% |
| Land and buildings | 22 | €852,462 | €829,924 | -€22,538 | -2.6% |
| Furniture and vehicles | 24 | €1,881 | €2,985 | +€1,104 | +58.7% |
| Current assets | 29/58 | €535,466 | €462,762 | -€72,705 | -13.6% |
| Amounts receivable within one year | 40/41 | €464,574 | €409,352 | -€55,221 | -11.9% |
| Trade receivables | 40 | €42,872 | - | -€42,872 | |
| Other amounts receivable | 41 | €421,701 | €409,352 | -€12,349 | -2.9% |
| Cash at bank and in hand | 54/58 | €70,893 | €53,409 | -€17,483 | -24.7% |
| Total equity and liabilities | 10/49 | €1,389,809 | €1,295,671 | -€94,138 | -6.8% |
| Equity | 10/15 | €651,365 | €609,404 | -€41,961 | -6.4% |
| Contributions | 10/11 | €37,100 | €37,100 | = | 0.0% |
| Reserves | 13 | €391,710 | €391,710 | = | 0.0% |
| Distributable reserves | 133 | €391,710 | €391,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,555 | €180,594 | -€41,961 | -18.9% |
| Amounts payable | 17/49 | €738,444 | €686,267 | -€52,177 | -7.1% |
| Amounts payable after more than one year | 17 | €677,959 | €654,899 | -€23,059 | -3.4% |
| Financial debts | 170/4 | €677,959 | €654,899 | -€23,059 | -3.4% |
| Amounts payable within one year | 42/48 | €60,486 | €31,368 | -€29,118 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €22,041 | €23,059 | +€1,018 | +4.6% |
| Trade debts | 44 | €30,264 | €129 | -€30,136 | -99.6% |
| Suppliers | 440/4 | €30,264 | €129 | -€30,136 | -99.6% |
| Advances received on contracts in progress | 46 | €8,180 | €8,180 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,542 | €23,458 | -€110,084 | -82.4% |
| Other operating charges | 640/8 | €747 | €3,097 | +€2,350 | +315% |
| Non-recurring operating charges | 66A | €19,346 | - | -€19,346 | |
| Gross operating margin | 9900 | -€23,579 | €8,052 | +€31,630 | |
| Operating profit (loss) | 9901 | -€177,212 | -€18,502 | +€158,710 | +89.6% |
| Financial income | 75/76B | €18,190 | €9,316 | -€8,874 | -48.8% |
| Recurring financial income | 75 | €18,190 | €9,316 | -€8,874 | -48.8% |
| Financial charges | 65/66B | €10,947 | €32,774 | +€21,827 | +199% |
| Recurring financial charges | 65 | €10,947 | €32,774 | +€21,827 | +199% |
| Profit (loss) for the period before taxes | 9903 | -€169,969 | -€41,961 | +€128,008 | +75.3% |
| Profit (loss) for the period | 9904 | -€169,969 | -€41,961 | +€128,008 | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€169,969 | -€41,961 | +€128,008 | +75.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.