BearPole: 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.
BearPole
Largest movements
- Cash +€1,476
up €1,476 (+13515.5%), from €11 to €1,487
mainly Other debts (+€1,983) and Depreciation (+€1,132)
- Tangible fixed assets -€1,132
down €1,132 (-75.1%), from €1,507 to €375
- Receivables within one year -€391
no longer reported in 2025 (was €391)
- Profit (loss) carried forward -€2,177
down €2,177 (-4.2%), from -€52,306 to -€54,483
- Other debts +€1,983
up €1,983 (+42.1%), from €4,716 to €6,699
- Trade debts +€147
up €147 (+39.7%), from €371 to €518
- Gross operating margin +€1,089
up €1,089 (+54.9%), from -€1,984 to -€895
- Other operating charges -€596
no longer reported in 2025 (was €596)
- Depreciation -€235
down €235 (-17.2%), from €1,367 to €1,132
- Financial charges -€122
down €122 (-44.7%), from €273 to €151
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 | €1,909 | €1,862 | -€47 | -2.5% |
| Fixed assets | 21/28 | €1,507 | €375 | -€1,132 | -75.1% |
| Tangible fixed assets | 22/27 | €1,507 | €375 | -€1,132 | -75.1% |
| Other tangible fixed assets | 26 | €1,507 | €375 | -€1,132 | -75.1% |
| Current assets | 29/58 | €402 | €1,487 | +€1,085 | +270.2% |
| Amounts receivable within one year | 40/41 | €391 | - | -€391 | |
| Other amounts receivable | 41 | €391 | - | -€391 | |
| Cash at bank and in hand | 54/58 | €11 | €1,487 | +€1,476 | +13515.5% |
| Total equity and liabilities | 10/49 | €1,909 | €1,862 | -€47 | -2.5% |
| Equity | 10/15 | -€3,178 | -€5,356 | -€2,177 | -68.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €14,128 | €14,128 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,500 | - | -€3,500 | |
| Reserves not available under the articles | 1311 | €3,500 | - | -€3,500 | |
| Distributable reserves | 133 | €10,628 | €14,128 | +€3,500 | +32.9% |
| Profit (loss) carried forward | 14 | -€52,306 | -€54,483 | -€2,177 | -4.2% |
| Amounts payable | 17/49 | €5,087 | €7,218 | +€2,131 | +41.9% |
| Amounts payable within one year | 42/48 | €5,087 | €7,218 | +€2,131 | +41.9% |
| Trade debts | 44 | €371 | €518 | +€147 | +39.7% |
| Suppliers | 440/4 | €371 | €518 | +€147 | +39.7% |
| Other amounts payable | 47/48 | €4,716 | €6,699 | +€1,983 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,367 | €1,132 | -€235 | -17.2% |
| Other operating charges | 640/8 | €596 | - | -€596 | |
| Gross operating margin | 9900 | -€1,984 | -€895 | +€1,089 | +54.9% |
| Operating profit (loss) | 9901 | -€3,947 | -€2,027 | +€1,920 | +48.7% |
| Financial charges | 65/66B | €273 | €151 | -€122 | -44.7% |
| Recurring financial charges | 65 | €273 | €151 | -€122 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,219 | -€2,177 | +€2,042 | +48.4% |
| Profit (loss) for the period | 9904 | -€4,219 | -€2,177 | +€2,042 | +48.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,219 | -€2,177 | +€2,042 | +48.4% |
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 4 October 2026 via checked.be.