BeBold: 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.
BeBold
Largest movements
- Receivables within one year +€265,187
up €265,187 (+96.1%), from €275,893 to €541,079
of which Other amounts receivable: +€300,721
- Financial fixed assets +€24,800
up €24,800 (+7.9%), from €311,980 to €336,780
- Intangible fixed assets -€17,115
down €17,115 (-66.7%), from €25,673 to €8,558
- Trade debts +€213,984
up €213,984 (+129.7%), from €164,998 to €378,982
- Accrued charges and deferred income +€170,597
up €170,597 (+379272.8%), from €45 to €170,642
- Other debts -€161,633
no longer reported in 2025 (was €161,633)
- Reserves +€42,000
up €42,000 (+24.0%), from €175,200 to €217,200
of which Distributable reserves: +€42,000
- Purchases and services +€125,638
up €125,638 (+9.9%), from €1.3m to €1.4m
- Staff costs -€109,955
down €109,955 (-19.3%), from €569,284 to €459,329
- Gross operating margin -€96,154
down €96,154 (-14.7%), from €654,434 to €558,281
- Turnover +€22,885
up €22,885 (+1.2%), from €1.9m to €1.9m
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 | €645,560 | €907,573 | +€262,012 | +40.6% |
| Fixed assets | 21/28 | €344,577 | €350,370 | +€5,793 | +1.7% |
| Intangible fixed assets | 21 | €25,673 | €8,558 | -€17,115 | -66.7% |
| Tangible fixed assets | 22/27 | €6,925 | €5,033 | -€1,892 | -27.3% |
| Plant, machinery and equipment | 23 | €6,925 | €5,033 | -€1,892 | -27.3% |
| Financial fixed assets | 28 | €311,980 | €336,780 | +€24,800 | +7.9% |
| Current assets | 29/58 | €300,983 | €557,203 | +€256,219 | +85.1% |
| Amounts receivable within one year | 40/41 | €275,893 | €541,079 | +€265,187 | +96.1% |
| Trade receivables | 40 | €275,711 | €240,178 | -€35,534 | -12.9% |
| Other amounts receivable | 41 | €181 | €300,902 | +€300,721 | +165869.1% |
| Cash at bank and in hand | 54/58 | €9,775 | €6,395 | -€3,380 | -34.6% |
| Deferred charges and accrued income | 490/1 | €15,316 | €9,728 | -€5,588 | -36.5% |
| Total equity and liabilities | 10/49 | €645,560 | €907,573 | +€262,012 | +40.6% |
| Equity | 10/15 | €237,971 | €280,071 | +€42,100 | +17.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €175,200 | €217,200 | +€42,000 | +24.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €169,000 | €211,000 | +€42,000 | +24.9% |
| Profit (loss) carried forward | 14 | €771 | €871 | +€100 | +13.0% |
| Provisions and deferred taxes | 16 | €1,366 | €619 | -€747 | -54.7% |
| Provisions for liabilities and charges | 160/5 | €1,366 | €619 | -€747 | -54.7% |
| Pensions and similar obligations | 160 | €1,366 | €619 | -€747 | -54.7% |
| Amounts payable | 17/49 | €406,224 | €626,882 | +€220,659 | +54.3% |
| Amounts payable within one year | 42/48 | €406,179 | €456,240 | +€50,062 | +12.3% |
| Trade debts | 44 | €164,998 | €378,982 | +€213,984 | +129.7% |
| Suppliers | 440/4 | €164,998 | €378,982 | +€213,984 | +129.7% |
| Taxes, remuneration and social security | 45 | €79,547 | €77,258 | -€2,289 | -2.9% |
| Taxes | 450/3 | €29,704 | €29,859 | +€155 | +0.5% |
| Remuneration and social security | 454/9 | €49,843 | €47,399 | -€2,444 | -4.9% |
| Other amounts payable | 47/48 | €161,633 | - | -€161,633 | |
| Accrued charges and deferred income | 492/3 | €45 | €170,642 | +€170,597 | +379272.8% |
| Turnover | 70 | €1,900,554 | €1,923,439 | +€22,885 | +1.2% |
| Non-recurring operating income | 76A | €1,149 | - | -€1,149 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,268,748 | €1,394,386 | +€125,638 | +9.9% |
| Remuneration, social security and pensions | 62 | €569,284 | €459,329 | -€109,955 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,565 | €21,106 | -€458 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €85 | -€747 | -€832 | |
| Other operating charges | 640/8 | €3,735 | €2,856 | -€880 | -23.5% |
| Gross operating margin | 9900 | €654,434 | €558,281 | -€96,154 | -14.7% |
| Operating profit (loss) | 9901 | €59,766 | €75,737 | +€15,971 | +26.7% |
| Financial income | 75/76B | €40 | €243 | +€203 | +504.6% |
| Recurring financial income | 75 | €40 | €243 | +€203 | +504.6% |
| Financial charges | 65/66B | €24,688 | €13,252 | -€11,436 | -46.3% |
| Recurring financial charges | 65 | €24,688 | €13,252 | -€11,436 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €35,118 | €62,728 | +€27,610 | +78.6% |
| Income taxes | 67/77 | €9,149 | €20,628 | +€11,479 | +125.5% |
| Profit (loss) for the period | 9904 | €25,969 | €42,100 | +€16,131 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,969 | €42,100 | +€16,131 | +62.1% |
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 6 October 2026 via checked.be.