BeAr: 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.
BeAr
Largest movements
- Tangible fixed assets -€28,025
down €28,025 (-7.1%), from €395,531 to €367,507
of which Land and buildings: -€19,814
- Cash -€24,217
down €24,217 (-53.0%), from €45,711 to €21,494
mainly Debts after one year (-€59,956) and Net result for the year (-€25,757)
- Financial fixed assets -€20,000
no longer reported in 2025 (was €20,000)
- Debts after one year -€59,956
down €59,956 (-17.1%), from €350,070 to €290,114
of which Other amounts payable: -€30,520
- Profit (loss) carried forward -€25,757
down €25,757 (-26.0%), from €99,150 to €73,393
- Other debts +€13,523
up €13,523 (+902%), from €1,500 to €15,023
- Trade debts -€6,492
down €6,492 (-26.4%), from €24,617 to €18,125
- Gross operating margin -€23,003
down €23,003 (-35.9%), from €64,076 to €41,073
- Financial charges +€17,604
up €17,604 (+201%), from €8,755 to €26,359
- Other operating charges -€3,460
down €3,460 (-30.8%), from €11,249 to €7,789
- Taxes -€1,275
down €1,275, from €1,078 to -€197
- Financial income +€873
up €873 (+90.7%), from €963 to €1,837
of which Financial income: +€873
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 | €524,750 | €448,784 | -€75,965 | -14.5% |
| Fixed assets | 21/28 | €415,531 | €367,507 | -€48,025 | -11.6% |
| Tangible fixed assets | 22/27 | €395,531 | €367,507 | -€28,025 | -7.1% |
| Land and buildings | 22 | €344,790 | €324,975 | -€19,814 | -5.7% |
| Plant, machinery and equipment | 23 | €32,380 | €28,016 | -€4,364 | -13.5% |
| Furniture and vehicles | 24 | €18,362 | €14,515 | -€3,847 | -21.0% |
| Financial fixed assets | 28 | €20,000 | - | -€20,000 | |
| Current assets | 29/58 | €109,218 | €81,278 | -€27,940 | -25.6% |
| Amounts receivable within one year | 40/41 | €61,149 | €57,738 | -€3,411 | -5.6% |
| Trade receivables | 40 | €61,097 | €57,725 | -€3,372 | -5.5% |
| Other amounts receivable | 41 | €52 | €12 | -€40 | -76.2% |
| Cash at bank and in hand | 54/58 | €45,711 | €21,494 | -€24,217 | -53.0% |
| Deferred charges and accrued income | 490/1 | €2,357 | €2,046 | -€312 | -13.2% |
| Total equity and liabilities | 10/49 | €524,750 | €448,784 | -€75,965 | -14.5% |
| Equity | 10/15 | €119,426 | €93,669 | -€25,757 | -21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,677 | €1,677 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,677 | €1,677 | = | 0.0% |
| Legal reserve | 130 | €1,677 | €1,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,150 | €73,393 | -€25,757 | -26.0% |
| Amounts payable | 17/49 | €405,323 | €355,115 | -€50,208 | -12.4% |
| Amounts payable after more than one year | 17 | €350,070 | €290,114 | -€59,956 | -17.1% |
| Financial debts | 170/4 | €316,968 | €287,532 | -€29,437 | -9.3% |
| Other amounts payable | 178/9 | €33,101 | €2,582 | -€30,520 | -92.2% |
| Amounts payable within one year | 42/48 | €55,253 | €65,001 | +€9,748 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €29,137 | €29,437 | +€300 | +1.0% |
| Trade debts | 44 | €24,617 | €18,125 | -€6,492 | -26.4% |
| Suppliers | 440/4 | €24,617 | €18,125 | -€6,492 | -26.4% |
| Taxes, remuneration and social security | 45 | - | €2,417 | +€2,417 | |
| Taxes | 450/3 | - | €2,417 | +€2,417 | |
| Other amounts payable | 47/48 | €1,500 | €15,023 | +€13,523 | +902% |
| Non-recurring operating income | 76A | €24,808 | - | -€24,808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,985 | €34,715 | -€271 | -0.8% |
| Other operating charges | 640/8 | €11,249 | €7,789 | -€3,460 | -30.8% |
| Gross operating margin | 9900 | €64,076 | €41,073 | -€23,003 | -35.9% |
| Operating profit (loss) | 9901 | €17,842 | -€1,431 | -€19,273 | |
| Financial income | 75/76B | €963 | €1,837 | +€873 | +90.7% |
| Recurring financial income | 75 | €963 | €1,837 | +€873 | +90.7% |
| Non-recurring financial income | 76B | €963 | - | -€963 | |
| Financial charges | 65/66B | €8,755 | €26,359 | +€17,604 | +201% |
| Recurring financial charges | 65 | €8,755 | €26,359 | +€17,604 | +201% |
| Profit (loss) for the period before taxes | 9903 | €10,050 | -€25,953 | -€36,004 | |
| Income taxes | 67/77 | €1,078 | -€197 | -€1,275 | |
| Profit (loss) for the period | 9904 | €8,972 | -€25,757 | -€34,729 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,972 | -€25,757 | -€34,729 |
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 13 October 2026 via checked.be.