BE4 Team: 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.
BE4 Team
Largest movements
- Cash +€148,399
up €148,399 (+61.1%), from €242,914 to €391,313
mainly Trade debts (+€200,508) and Net result for the year (+€84,326)
- Receivables within one year +€101,374
up €101,374 (+75.9%), from €133,638 to €235,012
of which Other amounts receivable: +€64,304
- Deferred charges and accrued income +€17,876
up €17,876, from €0 to €17,876
- Tangible fixed assets -€17,197
down €17,197 (-3.7%), from €464,801 to €447,604
of which Land and buildings: -€16,600
- Trade debts +€200,508
up €200,508 (+571.7%), from €35,074 to €235,582
- Provisions -€83,561
down €83,561 (-100.0%), from €83,561 to €0
- Profit (loss) carried forward +€42,226
up €42,226 (+44.1%), from €95,719 to €137,945
- Reserves +€42,100
up €42,100 (+140.3%), from €30,000 to €72,100
- Accrued charges and deferred income +€35,874
up €35,874 (+98.6%), from €36,400 to €72,274
- Other operating charges -€53,835
down €53,835 (-92.5%), from €58,228 to €4,393
- Financial income -€23,732
down €23,732 (-100.0%), from €23,733 to €1
- Financial charges +€19,570
up €19,570 (+78.2%), from €25,033 to €44,604
- Taxes +€17,759
up €17,759 (+303.1%), from €5,859 to €23,618
- Depreciation +€13,655
up €13,655 (+40.0%), from €34,166 to €47,821
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €841,353 | €1,091,805 | +€250,452 | +29.8% |
| Fixed assets | 21/28 | €464,801 | €447,604 | -€17,197 | -3.7% |
| Tangible fixed assets | 22/27 | €464,801 | €447,604 | -€17,197 | -3.7% |
| Land and buildings | 22 | €413,772 | €397,172 | -€16,600 | -4.0% |
| Plant, machinery and equipment | 23 | €8,780 | €20,847 | +€12,067 | +137.4% |
| Furniture and vehicles | 24 | €42,249 | €29,585 | -€12,664 | -30.0% |
| Current assets | 29/58 | €376,552 | €644,201 | +€267,649 | +71.1% |
| Amounts receivable within one year | 40/41 | €133,638 | €235,012 | +€101,374 | +75.9% |
| Trade receivables | 40 | €64,466 | €101,536 | +€37,070 | +57.5% |
| Other amounts receivable | 41 | €69,172 | €133,476 | +€64,304 | +93.0% |
| Cash at bank and in hand | 54/58 | €242,914 | €391,313 | +€148,399 | +61.1% |
| Deferred charges and accrued income | 490/1 | €0 | €17,876 | +€17,876 | |
| Total equity and liabilities | 10/49 | €841,353 | €1,091,805 | +€250,452 | +29.8% |
| Equity | 10/15 | €144,319 | €228,645 | +€84,326 | +58.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,000 | €72,100 | +€42,100 | +140.3% |
| Tax-exempt reserves | 132 | €30,000 | €72,100 | +€42,100 | +140.3% |
| Profit (loss) carried forward | 14 | €95,719 | €137,945 | +€42,226 | +44.1% |
| Provisions and deferred taxes | 16 | €83,561 | €0 | -€83,561 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €83,561 | €0 | -€83,561 | -100.0% |
| Environmental obligations | 163 | €83,561 | €0 | -€83,561 | -100.0% |
| Amounts payable | 17/49 | €613,473 | €863,160 | +€249,687 | +40.7% |
| Amounts payable after more than one year | 17 | €440,540 | €435,514 | -€5,026 | -1.1% |
| Financial debts | 170/4 | €440,540 | €435,514 | -€5,026 | -1.1% |
| Amounts payable within one year | 42/48 | €136,533 | €355,372 | +€218,839 | +160.3% |
| Current portion of amounts payable after more than one year | 42 | €8,954 | €37,474 | +€28,520 | +318.5% |
| Trade debts | 44 | €35,074 | €235,582 | +€200,508 | +571.7% |
| Suppliers | 440/4 | €35,074 | €235,582 | +€200,508 | +571.7% |
| Taxes, remuneration and social security | 45 | €26,747 | €15,810 | -€10,937 | -40.9% |
| Taxes | 450/3 | €26,747 | €15,810 | -€10,937 | -40.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €65,758 | €66,506 | +€748 | +1.1% |
| Accrued charges and deferred income | 492/3 | €36,400 | €72,274 | +€35,874 | +98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,166 | €47,821 | +€13,655 | +40.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,875 | €0 | +€2,875 | |
| Other operating charges | 640/8 | €58,228 | €4,393 | -€53,835 | -92.5% |
| Non-recurring operating charges | 66A | €83,561 | - | -€83,561 | |
| Gross operating margin | 9900 | €199,379 | €204,760 | +€5,381 | +2.7% |
| Operating profit (loss) | 9901 | €26,299 | €152,546 | +€126,247 | +480.0% |
| Financial income | 75/76B | €23,733 | €1 | -€23,732 | -100.0% |
| Recurring financial income | 75 | €23,733 | €1 | -€23,732 | -100.0% |
| Financial charges | 65/66B | €25,033 | €44,604 | +€19,570 | +78.2% |
| Recurring financial charges | 65 | €25,033 | €44,604 | +€19,570 | +78.2% |
| Profit (loss) for the period before taxes | 9903 | €24,998 | €107,944 | +€82,945 | +331.8% |
| Income taxes | 67/77 | €5,859 | €23,618 | +€17,759 | +303.1% |
| Profit (loss) for the period | 9904 | €19,140 | €84,326 | +€65,186 | +340.6% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,140 | €42,226 | +€23,086 | +120.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.