BEARS ESTATES: 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.
BEARS ESTATES
Largest movements
- Tangible fixed assets -€14,610
down €14,610 (-2.5%), from €580,037 to €565,427
- Debts after one year -€23,396
down €23,396 (-3.9%), from €605,050 to €581,654
- Other debts +€7,999
up €7,999 (+22.3%), from €35,940 to €43,938
- Other operating charges -€70,940
down €70,940 (-91.6%), from €77,456 to €6,517
- Gross operating margin +€36,834
up €36,834 (+794.0%), from €4,639 to €41,473
- Financial charges +€13,767
up €13,767 (+171.5%), from €8,029 to €21,796
- Depreciation +€9,648
up €9,648 (+194.4%), from €4,963 to €14,610
- Financial income -€708
down €708 (-100.0%), from €708 to €0
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 | €628,481 | €613,629 | -€14,851 | -2.4% |
| Fixed assets | 21/28 | €580,037 | €565,427 | -€14,610 | -2.5% |
| Tangible fixed assets | 22/27 | €580,037 | €565,427 | -€14,610 | -2.5% |
| Land and buildings | 22 | €580,037 | €565,427 | -€14,610 | -2.5% |
| Current assets | 29/58 | €48,443 | €48,203 | -€241 | -0.5% |
| Amounts receivable within one year | 40/41 | €46,008 | €44,000 | -€2,008 | -4.4% |
| Trade receivables | 40 | - | €44,000 | +€44,000 | |
| Other amounts receivable | 41 | €46,008 | €0 | -€46,008 | -100.0% |
| Cash at bank and in hand | 54/58 | €436 | €3,925 | +€3,489 | +801.1% |
| Deferred charges and accrued income | 490/1 | €2,000 | €278 | -€1,722 | -86.1% |
| Total equity and liabilities | 10/49 | €628,481 | €613,629 | -€14,851 | -2.4% |
| Equity | 10/15 | -€35,102 | -€36,552 | -€1,450 | -4.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,102 | -€86,552 | -€1,450 | -1.7% |
| Amounts payable | 17/49 | €663,583 | €650,182 | -€13,401 | -2.0% |
| Amounts payable after more than one year | 17 | €605,050 | €581,654 | -€23,396 | -3.9% |
| Financial debts | 170/4 | €605,050 | €581,654 | -€23,396 | -3.9% |
| Amounts payable within one year | 42/48 | €58,533 | €68,128 | +€9,595 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €22,593 | €23,396 | +€803 | +3.6% |
| Trade debts | 44 | - | €794 | +€794 | |
| Suppliers | 440/4 | - | €794 | +€794 | |
| Other amounts payable | 47/48 | €35,940 | €43,938 | +€7,999 | +22.3% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,963 | €14,610 | +€9,648 | +194.4% |
| Other operating charges | 640/8 | €77,456 | €6,517 | -€70,940 | -91.6% |
| Gross operating margin | 9900 | €4,639 | €41,473 | +€36,834 | +794.0% |
| Operating profit (loss) | 9901 | -€77,780 | €20,346 | +€98,126 | |
| Financial income | 75/76B | €708 | €0 | -€708 | -100.0% |
| Recurring financial income | 75 | €708 | €0 | -€708 | -100.0% |
| Financial charges | 65/66B | €8,029 | €21,796 | +€13,767 | +171.5% |
| Recurring financial charges | 65 | €8,029 | €21,796 | +€13,767 | +171.5% |
| Profit (loss) for the period before taxes | 9903 | -€85,102 | -€1,450 | +€83,652 | +98.3% |
| Profit (loss) for the period | 9904 | -€85,102 | -€1,450 | +€83,652 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,102 | -€1,450 | +€83,652 | +98.3% |
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 3 October 2026 via checked.be.