BEARMC: 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.
BEARMC
Largest movements
- Cash +€42,510
up €42,510 (+439.7%), from €9,667 to €52,177
mainly Net result for the year (+€61,948) and Depreciation (+€9,384)
- Receivables within one year +€13,038
up €13,038 (+4.6%), from €283,145 to €296,182
of which Trade receivables: +€9,714
- Deferred charges and accrued income +€7,015
up €7,015 (+78.7%), from €8,912 to €15,927
- Profit (loss) carried forward +€61,948
up €61,948 (+24.3%), from €255,431 to €317,379
- Gross operating margin -€142,552
down €142,552 (-65.3%), from €218,296 to €75,744
- Taxes -€38,298
down €38,298 (-68.3%), from €56,044 to €17,746
- Financial income +€6,426
up €6,426 (+78.8%), from €8,150 to €14,576
- Depreciation +€3,226
up €3,226 (+52.4%), from €6,158 to €9,384
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.
Cash bridge derived
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 | €339,874 | €401,202 | +€61,328 | +18.0% |
| Fixed assets | 21/28 | €38,150 | €36,916 | -€1,234 | -3.2% |
| Tangible fixed assets | 22/27 | €33,150 | €31,916 | -€1,234 | -3.7% |
| Plant, machinery and equipment | 23 | €451 | €0 | -€451 | -100.0% |
| Furniture and vehicles | 24 | €32,699 | €31,916 | -€783 | -2.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €301,724 | €364,286 | +€62,562 | +20.7% |
| Amounts receivable within one year | 40/41 | €283,145 | €296,182 | +€13,038 | +4.6% |
| Trade receivables | 40 | €7,920 | €17,635 | +€9,714 | +122.6% |
| Other amounts receivable | 41 | €275,224 | €278,548 | +€3,323 | +1.2% |
| Cash at bank and in hand | 54/58 | €9,667 | €52,177 | +€42,510 | +439.7% |
| Deferred charges and accrued income | 490/1 | €8,912 | €15,927 | +€7,015 | +78.7% |
| Total equity and liabilities | 10/49 | €339,874 | €401,202 | +€61,328 | +18.0% |
| Equity | 10/15 | €261,631 | €323,579 | +€61,948 | +23.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,431 | €317,379 | +€61,948 | +24.3% |
| Amounts payable | 17/49 | €78,243 | €77,623 | -€619 | -0.8% |
| Amounts payable within one year | 42/48 | €78,243 | €77,123 | -€1,119 | -1.4% |
| Trade debts | 44 | €1,297 | €1,144 | -€153 | -11.8% |
| Suppliers | 440/4 | €1,297 | €1,144 | -€153 | -11.8% |
| Taxes, remuneration and social security | 45 | €76,946 | €75,980 | -€966 | -1.3% |
| Taxes | 450/3 | €76,946 | €72,980 | -€3,966 | -5.2% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,158 | €9,384 | +€3,226 | +52.4% |
| Other operating charges | 640/8 | €1,191 | €786 | -€405 | -34.0% |
| Gross operating margin | 9900 | €218,296 | €75,744 | -€142,552 | -65.3% |
| Operating profit (loss) | 9901 | €210,947 | €65,573 | -€145,373 | -68.9% |
| Financial income | 75/76B | €8,150 | €14,576 | +€6,426 | +78.8% |
| Recurring financial income | 75 | €8,150 | €14,576 | +€6,426 | +78.8% |
| Financial charges | 65/66B | €962 | €456 | -€506 | -52.6% |
| Recurring financial charges | 65 | €962 | €456 | -€506 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | €218,135 | €79,694 | -€138,441 | -63.5% |
| Income taxes | 67/77 | €56,044 | €17,746 | -€38,298 | -68.3% |
| Profit (loss) for the period | 9904 | €162,091 | €61,948 | -€100,143 | -61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €162,091 | €61,948 | -€100,143 | -61.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.