BE2M-Concept: 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.
BE2M-Concept
Largest movements
- Tangible fixed assets -€11,843
down €11,843 (-3.9%), from €305,796 to €293,953
- Receivables within one year +€6,435
up €6,435 (+33.2%), from €19,368 to €25,804
of which Other amounts receivable: +€6,061
- Debts after one year -€24,486
down €24,486 (-18.4%), from €133,410 to €108,924
- Reserves +€11,142
up €11,142 (+17.1%), from €65,175 to €76,317
- Other debts +€3,648
up €3,648 (+4.9%), from €74,866 to €78,514
- Gross operating margin +€3,230
up €3,230 (+7.8%), from €41,364 to €44,594
- Financial charges -€1,527
down €1,527 (-11.4%), from €13,375 to €11,848
- Taxes +€1,439
up €1,439 (+38.2%), from €3,768 to €5,207
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 | €326,817 | €321,025 | -€5,792 | -1.8% |
| Fixed assets | 21/28 | €305,796 | €293,953 | -€11,843 | -3.9% |
| Tangible fixed assets | 22/27 | €305,796 | €293,953 | -€11,843 | -3.9% |
| Land and buildings | 22 | €305,796 | €293,953 | -€11,843 | -3.9% |
| Current assets | 29/58 | €21,020 | €27,071 | +€6,051 | +28.8% |
| Amounts receivable within one year | 40/41 | €19,368 | €25,804 | +€6,435 | +33.2% |
| Trade receivables | 40 | €6,636 | €7,010 | +€374 | +5.6% |
| Other amounts receivable | 41 | €12,733 | €18,794 | +€6,061 | +47.6% |
| Cash at bank and in hand | 54/58 | €1,557 | €1,170 | -€387 | -24.9% |
| Deferred charges and accrued income | 490/1 | €95 | €98 | +€3 | +2.9% |
| Total equity and liabilities | 10/49 | €326,817 | €321,025 | -€5,792 | -1.8% |
| Equity | 10/15 | €88,913 | €100,054 | +€11,142 | +12.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €65,175 | €76,317 | +€11,142 | +17.1% |
| Distributable reserves | 133 | €65,175 | €76,317 | +€11,142 | +17.1% |
| Profit (loss) carried forward | 14 | €3,737 | €3,737 | = | 0.0% |
| Amounts payable | 17/49 | €237,904 | €220,970 | -€16,934 | -7.1% |
| Amounts payable after more than one year | 17 | €133,410 | €108,924 | -€24,486 | -18.4% |
| Financial debts | 170/4 | €133,410 | €108,924 | -€24,486 | -18.4% |
| Amounts payable within one year | 42/48 | €98,592 | €106,662 | +€8,070 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €23,564 | €24,558 | +€994 | +4.2% |
| Trade debts | 44 | €0 | €1,029 | +€1,029 | |
| Suppliers | 440/4 | €0 | €1,029 | +€1,029 | |
| Taxes, remuneration and social security | 45 | €161 | €2,561 | +€2,400 | +1,490% |
| Taxes | 450/3 | €161 | €2,561 | +€2,400 | +1,490% |
| Other amounts payable | 47/48 | €74,866 | €78,514 | +€3,648 | +4.9% |
| Accrued charges and deferred income | 492/3 | €5,902 | €5,384 | -€518 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,843 | €11,843 | = | 0.0% |
| Other operating charges | 640/8 | €4,415 | €4,554 | +€139 | +3.1% |
| Gross operating margin | 9900 | €41,364 | €44,594 | +€3,230 | +7.8% |
| Operating profit (loss) | 9901 | €25,106 | €28,197 | +€3,091 | +12.3% |
| Financial income | 75/76B | €9 | €0 | -€9 | -95.7% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -95.7% |
| Financial charges | 65/66B | €13,375 | €11,848 | -€1,527 | -11.4% |
| Recurring financial charges | 65 | €13,375 | €11,848 | -€1,527 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €11,740 | €16,349 | +€4,609 | +39.3% |
| Income taxes | 67/77 | €3,768 | €5,207 | +€1,439 | +38.2% |
| Profit (loss) for the period | 9904 | €7,972 | €11,142 | +€3,170 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,972 | €11,142 | +€3,170 | +39.8% |
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 31 October 2026 via checked.be.