Bear & Dragon Enterprise: 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 & Dragon Enterprise
Largest movements
- Receivables within one year +€5,732
up €5,732 (+27.9%), from €20,533 to €26,265
of which Trade receivables: +€7,319
- Cash +€2,627
up €2,627 (+108%), from €2,440 to €5,067
mainly Net result for the year (+€25,870) and Depreciation (+€7,089)
- Tangible fixed assets +€692
up €692 (+2.4%), from €28,660 to €29,352
of which Furniture and vehicles: +€5,645
- Profit (loss) carried forward +€25,870
up €25,870 (+299%), from €8,660 to €34,529
- Other debts -€16,289
down €16,289 (-73.3%), from €22,224 to €5,936
- Short-term financial debts -€1,564
down €1,564 (-37.7%), from €4,153 to €2,589
- Gross operating margin +€26,821
up €26,821 (+185%), from €14,516 to €41,337
- Depreciation +€5,789
up €5,789 (+445%), from €1,300 to €7,089
- Taxes +€4,323
up €4,323 (+184%), from €2,355 to €6,678
- Other operating charges -€1,767
down €1,767 (-87.5%), from €2,020 to €253
- Financial charges +€1,262
up €1,262 (+685%), from €184 to €1,447
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 | €51,632 | €60,683 | +€9,051 | +17.5% |
| Fixed assets | 21/28 | €28,660 | €29,352 | +€692 | +2.4% |
| Tangible fixed assets | 22/27 | €28,660 | €29,352 | +€692 | +2.4% |
| Land and buildings | 22 | €23,699 | €18,746 | -€4,952 | -20.9% |
| Furniture and vehicles | 24 | €4,961 | €10,606 | +€5,645 | +114% |
| Current assets | 29/58 | €22,973 | €31,331 | +€8,359 | +36.4% |
| Amounts receivable within one year | 40/41 | €20,533 | €26,265 | +€5,732 | +27.9% |
| Trade receivables | 40 | €18,946 | €26,265 | +€7,319 | +38.6% |
| Other amounts receivable | 41 | €1,587 | - | -€1,587 | |
| Cash at bank and in hand | 54/58 | €2,440 | €5,067 | +€2,627 | +108% |
| Total equity and liabilities | 10/49 | €51,632 | €60,683 | +€9,051 | +17.5% |
| Equity | 10/15 | €13,093 | €38,963 | +€25,870 | +198% |
| Contributions | 10/11 | €4,434 | €4,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,660 | €34,529 | +€25,870 | +299% |
| Amounts payable | 17/49 | €38,539 | €21,720 | -€16,819 | -43.6% |
| Amounts payable within one year | 42/48 | €36,039 | €18,723 | -€17,316 | -48.0% |
| Financial debts | 43 | €4,153 | €2,589 | -€1,564 | -37.7% |
| Credit institutions | 430/8 | €4,153 | €2,589 | -€1,564 | -37.7% |
| Trade debts | 44 | €57 | - | -€57 | |
| Suppliers | 440/4 | €57 | - | -€57 | |
| Taxes, remuneration and social security | 45 | €9,605 | €10,198 | +€593 | +6.2% |
| Taxes | 450/3 | €4,605 | €9,293 | +€4,688 | +102% |
| Remuneration and social security | 454/9 | €5,000 | €906 | -€4,094 | -81.9% |
| Other amounts payable | 47/48 | €22,224 | €5,936 | -€16,289 | -73.3% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,997 | +€497 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,300 | €7,089 | +€5,789 | +445% |
| Other operating charges | 640/8 | €2,020 | €253 | -€1,767 | -87.5% |
| Gross operating margin | 9900 | €14,516 | €41,337 | +€26,821 | +185% |
| Operating profit (loss) | 9901 | €11,197 | €33,995 | +€22,798 | +204% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €184 | €1,447 | +€1,262 | +685% |
| Recurring financial charges | 65 | €184 | €1,447 | +€1,262 | +685% |
| Profit (loss) for the period before taxes | 9903 | €11,014 | €32,548 | +€21,534 | +196% |
| Income taxes | 67/77 | €2,355 | €6,678 | +€4,323 | +184% |
| Profit (loss) for the period | 9904 | €8,660 | €25,870 | +€17,210 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €8,660 | €25,870 | +€17,210 | +199% |
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 16 October 2026 via checked.be.