BEE INSPIRED: 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 INSPIRED
Largest movements
- Financial fixed assets +€18.4m
up €18.4m (+27438.5%), from €66,981 to €18.4m
- Receivables after one year +€1.7m
new in 2025: €1.7m
- Revaluation surpluses +€18.1m
new in 2025: €18.1m
- Reserves +€2.1m
up €2.1m (+78.7%), from €2.7m to €4.8m
of which Distributable reserves: +€2.1m
- Other debts -€426,699
down €426,699 (-72.6%), from €587,941 to €161,242
- Financial income +€2.3m
up €2.3m (+12216.6%), from €19,194 to €2.4m
of which Non-recurring financial income: +€2.4m
- Gross operating margin -€170,634
down €170,634, from €139,526 to -€31,108
- Taxes -€11,048
down €11,048 (-95.1%), from €11,622 to €574
- Depreciation -€7,292
down €7,292 (-4.8%), from €152,189 to €144,897
- Other operating charges +€4,130
up €4,130 (+80.4%), from €5,136 to €9,266
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 | €4,837,104 | €24,674,649 | +€19.8m | +410.1% |
| Fixed assets | 21/28 | €3,062,133 | €21,368,634 | +€18.3m | +597.8% |
| Intangible fixed assets | 21 | €2,161 | €2,746 | +€584 | +27.0% |
| Tangible fixed assets | 22/27 | €2,992,991 | €2,920,296 | -€72,695 | -2.4% |
| Land and buildings | 22 | €2,774,000 | €2,704,058 | -€69,942 | -2.5% |
| Plant, machinery and equipment | 23 | €14,682 | €15,281 | +€599 | +4.1% |
| Furniture and vehicles | 24 | €197,887 | €195,408 | -€2,480 | -1.3% |
| Other tangible fixed assets | 26 | €6,422 | €5,550 | -€872 | -13.6% |
| Financial fixed assets | 28 | €66,981 | €18,445,592 | +€18.4m | +27438.5% |
| Current assets | 29/58 | €1,774,971 | €3,306,015 | +€1.5m | +86.3% |
| Amounts receivable after more than one year | 29 | - | €1,650,000 | +€1.7m | |
| Trade receivables | 290 | - | €1,650,000 | +€1.7m | |
| Amounts receivable within one year | 40/41 | €218,193 | €102,983 | -€115,210 | -52.8% |
| Trade receivables | 40 | €206,121 | €90,033 | -€116,088 | -56.3% |
| Other amounts receivable | 41 | €12,072 | €12,950 | +€878 | +7.3% |
| Current investments | 50/53 | €1,115,364 | €1,113,783 | -€1,581 | -0.1% |
| Cash at bank and in hand | 54/58 | €433,582 | €431,937 | -€1,645 | -0.4% |
| Deferred charges and accrued income | 490/1 | €7,831 | €7,312 | -€519 | -6.6% |
| Total equity and liabilities | 10/49 | €4,837,104 | €24,674,649 | +€19.8m | +410.1% |
| Equity | 10/15 | €2,729,586 | €22,987,057 | +€20.3m | +742.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €18,122,678 | +€18.1m | |
| Reserves | 13 | €2,710,986 | €4,845,779 | +€2.1m | +78.7% |
| Tax-exempt reserves | 132 | €46,000 | €46,000 | = | 0.0% |
| Distributable reserves | 133 | €2,664,987 | €4,799,779 | +€2.1m | +80.1% |
| Amounts payable | 17/49 | €2,107,518 | €1,687,591 | -€419,926 | -19.9% |
| Amounts payable after more than one year | 17 | €1,500,000 | €1,500,000 | = | 0.0% |
| Financial debts | 170/4 | €1,500,000 | €1,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €607,518 | €187,591 | -€419,926 | -69.1% |
| Financial debts | 43 | €2,355 | €1,825 | -€529 | -22.5% |
| Credit institutions | 430/8 | €2,355 | €1,825 | -€529 | -22.5% |
| Taxes, remuneration and social security | 45 | €17,222 | €24,524 | +€7,302 | +42.4% |
| Taxes | 450/3 | €17,222 | €24,524 | +€7,302 | +42.4% |
| Other amounts payable | 47/48 | €587,941 | €161,242 | -€426,699 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,189 | €144,897 | -€7,292 | -4.8% |
| Other operating charges | 640/8 | €5,136 | €9,266 | +€4,130 | +80.4% |
| Gross operating margin | 9900 | €139,526 | -€31,108 | -€170,634 | |
| Operating profit (loss) | 9901 | -€17,799 | -€185,270 | -€167,472 | -940.9% |
| Financial income | 75/76B | €19,194 | €2,364,030 | +€2.3m | +12216.6% |
| Recurring financial income | 75 | €19,194 | €12,097 | -€7,097 | -37.0% |
| Non-recurring financial income | 76B | - | €2,351,933 | +€2.4m | |
| Financial charges | 65/66B | €42,005 | €43,393 | +€1,388 | +3.3% |
| Recurring financial charges | 65 | €42,005 | €43,393 | +€1,388 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€40,610 | €2,135,366 | +€2.2m | |
| Income taxes | 67/77 | €11,622 | €574 | -€11,048 | -95.1% |
| Profit (loss) for the period | 9904 | -€52,232 | €2,134,792 | +€2.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,232 | €2,134,792 | +€2.2m |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.