BEAR COMMUNICATIONS: 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 COMMUNICATIONS
Largest movements
- Cash +€9,752
up €9,752 (+51.3%), from €19,015 to €28,767
mainly Depreciation (+€10,019) and Receivables within one year (+€5,124)
- Tangible fixed assets -€9,280
down €9,280 (-17.2%), from €54,068 to €44,788
- Receivables within one year -€5,124
down €5,124 (-4.8%), from €107,466 to €102,342
- Other debts -€5,628
down €5,628 (-11.3%), from €50,000 to €44,372
- Profit (loss) carried forward +€2,304
up €2,304 (+31.4%), from -€7,346 to -€5,042
- Gross operating margin +€30,263
up €30,263 (+144%), from €21,029 to €51,293
- Staff costs +€16,538
up €16,538 (+119%), from €13,941 to €30,479
- Depreciation +€2,193
up €2,193 (+28.0%), from €7,825 to €10,019
- Write-downs -€1,132
down €1,132 (-40.4%), from €2,802 to €1,670
- Taxes +€904
up €904 (+186%), from €487 to €1,391
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 | €192,920 | €187,604 | -€5,316 | -2.8% |
| Fixed assets | 21/28 | €60,636 | €51,356 | -€9,280 | -15.3% |
| Tangible fixed assets | 22/27 | €54,068 | €44,788 | -€9,280 | -17.2% |
| Plant, machinery and equipment | 23 | €7,493 | €5,464 | -€2,028 | -27.1% |
| Furniture and vehicles | 24 | €5,471 | €2,432 | -€3,039 | -55.5% |
| Other tangible fixed assets | 26 | €41,105 | €36,891 | -€4,213 | -10.3% |
| Financial fixed assets | 28 | €6,568 | €6,568 | = | 0.0% |
| Current assets | 29/58 | €132,284 | €136,248 | +€3,965 | +3.0% |
| Amounts receivable within one year | 40/41 | €107,466 | €102,342 | -€5,124 | -4.8% |
| Trade receivables | 40 | €107,466 | €102,342 | -€5,124 | -4.8% |
| Cash at bank and in hand | 54/58 | €19,015 | €28,767 | +€9,752 | +51.3% |
| Deferred charges and accrued income | 490/1 | €5,803 | €5,140 | -€663 | -11.4% |
| Total equity and liabilities | 10/49 | €192,920 | €187,604 | -€5,316 | -2.8% |
| Equity | 10/15 | €79,154 | €81,458 | +€2,304 | +2.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €11,500 | €11,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | €500 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,346 | -€5,042 | +€2,304 | +31.4% |
| Amounts payable | 17/49 | €113,766 | €106,146 | -€7,620 | -6.7% |
| Amounts payable within one year | 42/48 | €113,766 | €106,146 | -€7,620 | -6.7% |
| Trade debts | 44 | €51,583 | €51,307 | -€276 | -0.5% |
| Suppliers | 440/4 | €51,583 | €51,307 | -€276 | -0.5% |
| Taxes, remuneration and social security | 45 | €12,183 | €10,467 | -€1,716 | -14.1% |
| Taxes | 450/3 | €12,183 | €10,467 | -€1,716 | -14.1% |
| Other amounts payable | 47/48 | €50,000 | €44,372 | -€5,628 | -11.3% |
| Non-recurring operating income | 76A | €1,958 | - | -€1,958 | |
| Remuneration, social security and pensions | 62 | €13,941 | €30,479 | +€16,538 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,825 | €10,019 | +€2,193 | +28.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,802 | €1,670 | -€1,132 | -40.4% |
| Other operating charges | 640/8 | €1,292 | €1,441 | +€150 | +11.6% |
| Gross operating margin | 9900 | €21,029 | €51,293 | +€30,263 | +144% |
| Operating profit (loss) | 9901 | -€4,830 | €7,685 | +€12,515 | |
| Financial income | 75/76B | €1 | €128 | +€127 | +20,854% |
| Recurring financial income | 75 | €1 | €128 | +€127 | +20,854% |
| Financial charges | 65/66B | €4,977 | €4,117 | -€860 | -17.3% |
| Recurring financial charges | 65 | €4,977 | €4,117 | -€860 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,807 | €3,695 | +€13,502 | |
| Income taxes | 67/77 | €487 | €1,391 | +€904 | +186% |
| Profit (loss) for the period | 9904 | -€10,294 | €2,304 | +€12,598 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,294 | €2,304 | +€12,598 |
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 20 October 2026 via checked.be.