BEARSOFT: 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.
BEARSOFT
Largest movements
- Receivables within one year -€48,304
down €48,304 (-42.8%), from €112,757 to €64,453
of which Other amounts receivable: -€46,776
- Cash +€5,444
up €5,444 (+33.0%), from €16,502 to €21,946
mainly Receivables within one year (+€48,304) and Net result for the year (+€6,283)
- Reserves -€16,525
down €16,525 (-23.5%), from €70,302 to €53,777
of which Distributable reserves: -€16,525
- Tax, wage and social debts -€15,615
down €15,615 (-52.7%), from €29,646 to €14,031
of which Taxes: -€12,694
- Profit (loss) carried forward -€10,872
no longer reported in 2025 (was €10,872)
- Gross operating margin -€1,570
down €1,570 (-10.9%), from €14,416 to €12,846
- Other operating charges -€1,541
down €1,541 (-64.0%), from €2,408 to €867
- Taxes +€612
up €612 (+13.8%), from €4,434 to €5,046
- Depreciation -€580
down €580 (-79.3%), from €732 to €152
- Financial charges -€160
down €160 (-22.8%), from €703 to €543
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 | €129,412 | €86,400 | -€43,012 | -33.2% |
| Fixed assets | 21/28 | €152 | - | -€152 | |
| Tangible fixed assets | 22/27 | €152 | - | -€152 | |
| Plant, machinery and equipment | 23 | €152 | - | -€152 | |
| Current assets | 29/58 | €129,260 | €86,400 | -€42,860 | -33.2% |
| Amounts receivable within one year | 40/41 | €112,757 | €64,453 | -€48,304 | -42.8% |
| Trade receivables | 40 | €64,458 | €62,930 | -€1,528 | -2.4% |
| Other amounts receivable | 41 | €48,300 | €1,523 | -€46,776 | -96.8% |
| Cash at bank and in hand | 54/58 | €16,502 | €21,946 | +€5,444 | +33.0% |
| Total equity and liabilities | 10/49 | €129,412 | €86,400 | -€43,012 | -33.2% |
| Equity | 10/15 | €99,766 | €72,369 | -€27,397 | -27.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €70,302 | €53,777 | -€16,525 | -23.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €68,443 | €51,918 | -€16,525 | -24.1% |
| Profit (loss) carried forward | 14 | €10,872 | - | -€10,872 | |
| Amounts payable | 17/49 | €29,646 | €14,031 | -€15,615 | -52.7% |
| Amounts payable within one year | 42/48 | €29,646 | €14,031 | -€15,615 | -52.7% |
| Taxes, remuneration and social security | 45 | €29,646 | €14,031 | -€15,615 | -52.7% |
| Taxes | 450/3 | €26,725 | €14,031 | -€12,694 | -47.5% |
| Remuneration and social security | 454/9 | €2,920 | - | -€2,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €732 | €152 | -€580 | -79.3% |
| Other operating charges | 640/8 | €2,408 | €867 | -€1,541 | -64.0% |
| Gross operating margin | 9900 | €14,416 | €12,846 | -€1,570 | -10.9% |
| Operating profit (loss) | 9901 | €11,276 | €11,827 | +€551 | +4.9% |
| Financial income | 75/76B | €5 | €45 | +€40 | +869.8% |
| Recurring financial income | 75 | €5 | €45 | +€40 | +869.8% |
| Financial charges | 65/66B | €703 | €543 | -€160 | -22.8% |
| Recurring financial charges | 65 | €703 | €543 | -€160 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €10,577 | €11,329 | +€752 | +7.1% |
| Income taxes | 67/77 | €4,434 | €5,046 | +€612 | +13.8% |
| Profit (loss) for the period | 9904 | €6,143 | €6,283 | +€140 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,143 | €6,283 | +€140 | +2.3% |
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 7 October 2026 via checked.be.