BED and PLUS: 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.
BED and PLUS
Largest movements
- Receivables within one year -€31,233
no longer reported in 2025 (was €31,233)
of which Trade receivables: -€31,222
- Financial fixed assets -€9,750
down €9,750 (-98.9%), from €9,855 to €105
- Stocks and contracts -€9,000
down €9,000 (-12.9%), from €69,750 to €60,750
- Deferred charges and accrued income -€5,732
down €5,732 (-94.0%), from €6,100 to €368
- Cash +€5,507
up €5,507 (+47.3%), from €11,646 to €17,153
mainly Receivables within one year (+€31,233) and Investment in fixed assets (net) (+€9,750)
- Trade debts -€41,406
down €41,406 (-78.4%), from €52,818 to €11,412
- Other debts -€11,629
down €11,629 (-41.8%), from €27,832 to €16,202
- Profit (loss) carried forward +€5,190
up €5,190 (+28.1%), from €18,489 to €23,679
- Tax, wage and social debts -€5,017
down €5,017 (-48.5%), from €10,333 to €5,317
of which Taxes: -€4,077
- Accrued charges and deferred income +€2,226
new in 2025: €2,226
- Gross operating margin -€15,804
down €15,804 (-67.8%), from €23,307 to €7,503
- Staff costs -€14,424
no longer reported in 2025 (was €14,424)
- Other operating charges -€252
down €252 (-44.4%), from €567 to €315
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 | €129,473 | €78,836 | -€50,636 | -39.1% |
| Fixed assets | 21/28 | €10,744 | €565 | -€10,179 | -94.7% |
| Tangible fixed assets | 22/27 | €888 | €460 | -€429 | -48.3% |
| Furniture and vehicles | 24 | €888 | €460 | -€429 | -48.3% |
| Financial fixed assets | 28 | €9,855 | €105 | -€9,750 | -98.9% |
| Current assets | 29/58 | €118,729 | €78,271 | -€40,458 | -34.1% |
| Stocks and contracts in progress | 3 | €69,750 | €60,750 | -€9,000 | -12.9% |
| Stocks | 30/36 | €69,750 | €60,750 | -€9,000 | -12.9% |
| Amounts receivable within one year | 40/41 | €31,233 | - | -€31,233 | |
| Trade receivables | 40 | €31,222 | - | -€31,222 | |
| Other amounts receivable | 41 | €11 | - | -€11 | |
| Cash at bank and in hand | 54/58 | €11,646 | €17,153 | +€5,507 | +47.3% |
| Deferred charges and accrued income | 490/1 | €6,100 | €368 | -€5,732 | -94.0% |
| Total equity and liabilities | 10/49 | €129,473 | €78,836 | -€50,636 | -39.1% |
| Equity | 10/15 | €38,489 | €43,679 | +€5,190 | +13.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,489 | €23,679 | +€5,190 | +28.1% |
| Amounts payable | 17/49 | €90,983 | €35,157 | -€55,826 | -61.4% |
| Amounts payable within one year | 42/48 | €90,983 | €32,931 | -€58,052 | -63.8% |
| Trade debts | 44 | €52,818 | €11,412 | -€41,406 | -78.4% |
| Suppliers | 440/4 | €52,818 | €11,412 | -€41,406 | -78.4% |
| Taxes, remuneration and social security | 45 | €10,333 | €5,317 | -€5,017 | -48.5% |
| Taxes | 450/3 | €9,394 | €5,317 | -€4,077 | -43.4% |
| Remuneration and social security | 454/9 | €940 | - | -€940 | |
| Other amounts payable | 47/48 | €27,832 | €16,202 | -€11,629 | -41.8% |
| Accrued charges and deferred income | 492/3 | - | €2,226 | +€2,226 | |
| Remuneration, social security and pensions | 62 | €14,424 | - | -€14,424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | €429 | = | 0.0% |
| Other operating charges | 640/8 | €567 | €315 | -€252 | -44.4% |
| Gross operating margin | 9900 | €23,307 | €7,503 | -€15,804 | -67.8% |
| Operating profit (loss) | 9901 | €7,887 | €6,759 | -€1,128 | -14.3% |
| Financial income | 75/76B | €1 | €0 | -€0 | -41.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -41.0% |
| Financial charges | 65/66B | €171 | €123 | -€48 | -28.2% |
| Recurring financial charges | 65 | €171 | €123 | -€48 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €7,717 | €6,637 | -€1,080 | -14.0% |
| Income taxes | 67/77 | €1,554 | €1,447 | -€107 | -6.9% |
| Profit (loss) for the period | 9904 | €6,163 | €5,190 | -€973 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,163 | €5,190 | -€973 | -15.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.