Bee Capital: 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.
Bee Capital
Largest movements
- Receivables within one year -€589,249
down €589,249 (-63.1%), from €934,464 to €345,214
- Current investments +€438,366
up €438,366 (+996%), from €44,025 to €482,391
- Cash +€108,143
up €108,143 (+1,740%), from €6,214 to €114,358
mainly Receivables within one year (+€589,249) and Investment in fixed assets (net) (+€8,223)
- Profit (loss) carried forward -€45,330
down €45,330 (-12.5%), from €363,655 to €318,324
- Financial charges -€417,734
down €417,734 (-82.2%), from €508,227 to €90,493
of which Non-recurring financial charges: -€506,890
- Financial income +€36,708
up €36,708 (+76.4%), from €48,074 to €84,782
- Depreciation -€11,616
no longer reported in 2025 (was €11,616)
- Gross operating margin -€10,356
down €10,356 (-36.5%), from -€28,379 to -€38,735
- Other operating charges +€489
up €489 (+281%), from €174 to €664
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.
Derived cash bridge
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 | €997,687 | €949,403 | -€48,285 | -4.8% |
| Fixed assets | 21/28 | €8,223 | - | -€8,223 | |
| Tangible fixed assets | 22/27 | €8,223 | - | -€8,223 | |
| Furniture and vehicles | 24 | €8,223 | - | -€8,223 | |
| Current assets | 29/58 | €989,464 | €949,403 | -€40,062 | -4.0% |
| Amounts receivable within one year | 40/41 | €934,464 | €345,214 | -€589,249 | -63.1% |
| Other amounts receivable | 41 | €934,464 | €345,214 | -€589,249 | -63.1% |
| Current investments | 50/53 | €44,025 | €482,391 | +€438,366 | +996% |
| Cash at bank and in hand | 54/58 | €6,214 | €114,358 | +€108,143 | +1,740% |
| Deferred charges and accrued income | 490/1 | €4,762 | €7,440 | +€2,678 | +56.2% |
| Total equity and liabilities | 10/49 | €997,687 | €949,403 | -€48,285 | -4.8% |
| Equity | 10/15 | €494,436 | €449,105 | -€45,330 | -9.2% |
| Contributions | 10/11 | €130,781 | €130,781 | = | 0.0% |
| Contributions outside capital | 11 | €130,781 | €130,781 | = | 0.0% |
| Other | 1109/19 | €130,781 | €130,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | €363,655 | €318,324 | -€45,330 | -12.5% |
| Amounts payable | 17/49 | €503,251 | €500,297 | -€2,954 | -0.6% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,251 | €297 | -€2,954 | -90.9% |
| Trade debts | 44 | €3,101 | €198 | -€2,903 | -93.6% |
| Suppliers | 440/4 | €3,101 | €198 | -€2,903 | -93.6% |
| Taxes, remuneration and social security | 45 | €150 | - | -€150 | |
| Taxes | 450/3 | €150 | - | -€150 | |
| Other amounts payable | 47/48 | - | €99 | +€99 | |
| Non-recurring operating income | 76A | - | €8,777 | +€8,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,616 | - | -€11,616 | |
| Other operating charges | 640/8 | €174 | €664 | +€489 | +281% |
| Non-recurring operating charges | 66A | €11,730 | - | -€11,730 | |
| Gross operating margin | 9900 | -€28,379 | -€38,735 | -€10,356 | -36.5% |
| Operating profit (loss) | 9901 | -€51,899 | -€39,399 | +€12,500 | +24.1% |
| Financial income | 75/76B | €48,074 | €84,782 | +€36,708 | +76.4% |
| Recurring financial income | 75 | €48,074 | €84,782 | +€36,708 | +76.4% |
| Financial charges | 65/66B | €508,227 | €90,493 | -€417,734 | -82.2% |
| Recurring financial charges | 65 | €1,338 | €90,493 | +€89,155 | +6,666% |
| Non-recurring financial charges | 66B | €506,890 | - | -€506,890 | |
| Profit (loss) for the period before taxes | 9903 | -€512,052 | -€45,110 | +€466,942 | +91.2% |
| Income taxes | 67/77 | €150 | €221 | +€71 | +47.0% |
| Profit (loss) for the period | 9904 | -€512,202 | -€45,330 | +€466,872 | +91.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€512,202 | -€45,330 | +€466,872 | +91.1% |
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 15 October 2026 via checked.be.