BEE DEMOCRACY: 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.
BEE DEMOCRACY
Largest movements
- Tangible fixed assets +€271,889
up €271,889 (+834.6%), from €32,576 to €304,466
of which Land and buildings: +€275,005
- Cash -€82,903
down €82,903 (-52.1%), from €159,078 to €76,175
mainly Investment in fixed assets (net) (-€285,735) and Receivables within one year (-€4,033)
- Debts after one year +€174,493
new in 2025: €174,493
- Reserves +€7,987
up €7,987 (+3.7%), from €214,926 to €222,913
- Current portion of long-term debt +€7,507
new in 2025: €7,507
- Trade debts +€4,778
up €4,778 (+1313.3%), from €364 to €5,142
- Gross operating margin -€49,007
down €49,007 (-52.1%), from €94,037 to €45,030
- Taxes -€19,060
down €19,060 (-81.5%), from €23,391 to €4,331
- Financial charges +€5,123
up €5,123 (+3085.1%), from €166 to €5,289
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 | €233,310 | €427,179 | +€193,869 | +83.1% |
| Fixed assets | 21/28 | €32,626 | €304,516 | +€271,889 | +833.3% |
| Tangible fixed assets | 22/27 | €32,576 | €304,466 | +€271,889 | +834.6% |
| Land and buildings | 22 | €1,509 | €276,513 | +€275,005 | +18226.2% |
| Plant, machinery and equipment | 23 | €3,521 | €4,341 | +€820 | +23.3% |
| Furniture and vehicles | 24 | €23,646 | €19,711 | -€3,935 | -16.6% |
| Other tangible fixed assets | 26 | €3,900 | €3,900 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €200,684 | €122,663 | -€78,021 | -38.9% |
| Amounts receivable within one year | 40/41 | €39,249 | €43,282 | +€4,033 | +10.3% |
| Trade receivables | 40 | €16,970 | €31,959 | +€14,988 | +88.3% |
| Other amounts receivable | 41 | €22,279 | €11,323 | -€10,955 | -49.2% |
| Cash at bank and in hand | 54/58 | €159,078 | €76,175 | -€82,903 | -52.1% |
| Deferred charges and accrued income | 490/1 | €2,357 | €3,206 | +€849 | +36.0% |
| Total equity and liabilities | 10/49 | €233,310 | €427,179 | +€193,869 | +83.1% |
| Equity | 10/15 | €221,126 | €229,113 | +€7,987 | +3.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €214,926 | €222,913 | +€7,987 | +3.7% |
| Distributable reserves | 133 | €214,926 | €222,913 | +€7,987 | +3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,184 | €198,066 | +€185,882 | +1525.7% |
| Amounts payable after more than one year | 17 | - | €174,493 | +€174,493 | |
| Financial debts | 170/4 | - | €174,493 | +€174,493 | |
| Amounts payable within one year | 42/48 | €12,184 | €23,553 | +€11,369 | +93.3% |
| Current portion of amounts payable after more than one year | 42 | - | €7,507 | +€7,507 | |
| Trade debts | 44 | €364 | €5,142 | +€4,778 | +1313.3% |
| Suppliers | 440/4 | €364 | €5,142 | +€4,778 | +1313.3% |
| Taxes, remuneration and social security | 45 | €11,820 | €10,904 | -€916 | -7.7% |
| Taxes | 450/3 | €11,820 | €10,904 | -€916 | -7.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €20 | +€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,563 | €13,846 | -€717 | -4.9% |
| Other operating charges | 640/8 | €460 | €1,149 | +€688 | +149.5% |
| Non-recurring operating charges | 66A | €0 | €12,996 | +€12,996 | |
| Gross operating margin | 9900 | €94,037 | €45,030 | -€49,007 | -52.1% |
| Operating profit (loss) | 9901 | €79,013 | €17,039 | -€61,974 | -78.4% |
| Financial income | 75/76B | €762 | €568 | -€194 | -25.5% |
| Recurring financial income | 75 | €762 | €568 | -€194 | -25.5% |
| Financial charges | 65/66B | €166 | €5,289 | +€5,123 | +3085.1% |
| Recurring financial charges | 65 | €166 | €5,289 | +€5,123 | +3085.1% |
| Profit (loss) for the period before taxes | 9903 | €79,609 | €12,318 | -€67,291 | -84.5% |
| Income taxes | 67/77 | €23,391 | €4,331 | -€19,060 | -81.5% |
| Profit (loss) for the period | 9904 | €56,218 | €7,987 | -€48,231 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,218 | €7,987 | -€48,231 | -85.8% |
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 8 October 2026 via checked.be.