BEBELMAN: 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.
BEBELMAN
Largest movements
- Tangible fixed assets +€83,034
up €83,034 (+63730.1%), from €130 to €83,164
of which Leasing and similar rights: +€68,069
- Cash +€24,348
up €24,348 (+84.9%), from €28,685 to €53,033
mainly Net result for the year (+€55,675) and Debts after one year (+€42,723)
- Intangible fixed assets -€15,000
down €15,000 (-14.3%), from €105,000 to €90,000
- Receivables within one year -€8,277
down €8,277 (-27.3%), from €30,315 to €22,038
of which Trade receivables: -€6,531
- Profit (loss) carried forward +€55,675
up €55,675 (+394.5%), from €14,113 to €69,788
- Other debts -€44,588
down €44,588 (-34.7%), from €128,515 to €83,928
- Debts after one year +€42,723
up €42,723, from €0 to €42,723
- Trade debts +€16,817
up €16,817 (+388.3%), from €4,331 to €21,149
- Tax, wage and social debts +€10,086
up €10,086 (+110.6%), from €9,119 to €19,204
- Gross operating margin +€38,876
up €38,876 (+72.5%), from €53,602 to €92,478
- Taxes +€9,370
up €9,370 (+268.2%), from €3,494 to €12,864
- Depreciation -€6,258
down €6,258 (-22.7%), from €27,627 to €21,369
- Financial charges +€1,523
up €1,523 (+245.5%), from €620 to €2,144
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 | €167,143 | €249,675 | +€82,531 | +49.4% |
| Fixed assets | 21/28 | €105,130 | €173,164 | +€68,034 | +64.7% |
| Intangible fixed assets | 21 | €105,000 | €90,000 | -€15,000 | -14.3% |
| Tangible fixed assets | 22/27 | €130 | €83,164 | +€83,034 | +63730.1% |
| Plant, machinery and equipment | 23 | €60 | €4,963 | +€4,903 | +8132.6% |
| Furniture and vehicles | 24 | €70 | €10,132 | +€10,062 | +14374.1% |
| Leasing and similar rights | 25 | - | €68,069 | +€68,069 | |
| Current assets | 29/58 | €62,013 | €76,510 | +€14,497 | +23.4% |
| Amounts receivable within one year | 40/41 | €30,315 | €22,038 | -€8,277 | -27.3% |
| Trade receivables | 40 | €27,119 | €20,588 | -€6,531 | -24.1% |
| Other amounts receivable | 41 | €3,196 | €1,450 | -€1,746 | -54.6% |
| Cash at bank and in hand | 54/58 | €28,685 | €53,033 | +€24,348 | +84.9% |
| Deferred charges and accrued income | 490/1 | €3,013 | €1,440 | -€1,574 | -52.2% |
| Total equity and liabilities | 10/49 | €167,143 | €249,675 | +€82,531 | +49.4% |
| Equity | 10/15 | €16,113 | €71,788 | +€55,675 | +345.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,113 | €69,788 | +€55,675 | +394.5% |
| Amounts payable | 17/49 | €151,031 | €177,887 | +€26,856 | +17.8% |
| Amounts payable after more than one year | 17 | €0 | €42,723 | +€42,723 | |
| Financial debts | 170/4 | €0 | €42,723 | +€42,723 | |
| Amounts payable within one year | 42/48 | €151,031 | €135,164 | -€15,867 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €9,065 | €10,883 | +€1,818 | +20.1% |
| Trade debts | 44 | €4,331 | €21,149 | +€16,817 | +388.3% |
| Suppliers | 440/4 | €4,331 | €21,149 | +€16,817 | +388.3% |
| Taxes, remuneration and social security | 45 | €9,119 | €19,204 | +€10,086 | +110.6% |
| Taxes | 450/3 | €9,119 | €19,204 | +€10,086 | +110.6% |
| Other amounts payable | 47/48 | €128,515 | €83,928 | -€44,588 | -34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,627 | €21,369 | -€6,258 | -22.7% |
| Other operating charges | 640/8 | €472 | €426 | -€46 | -9.7% |
| Gross operating margin | 9900 | €53,602 | €92,478 | +€38,876 | +72.5% |
| Operating profit (loss) | 9901 | €25,502 | €70,682 | +€45,180 | +177.2% |
| Financial income | 75/76B | €324 | - | -€324 | |
| Recurring financial income | 75 | €324 | - | -€324 | |
| Financial charges | 65/66B | €620 | €2,144 | +€1,523 | +245.5% |
| Recurring financial charges | 65 | €620 | €2,144 | +€1,523 | +245.5% |
| Profit (loss) for the period before taxes | 9903 | €25,205 | €68,539 | +€43,333 | +171.9% |
| Income taxes | 67/77 | €3,494 | €12,864 | +€9,370 | +268.2% |
| Profit (loss) for the period | 9904 | €21,712 | €55,675 | +€33,963 | +156.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,712 | €55,675 | +€33,963 | +156.4% |
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 10 October 2026 via checked.be.