BEE Management: 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 Management
Largest movements
- Stocks and contracts +€1.4m
up €1.4m (+1,655%), from €81,709 to €1.4m
- Receivables within one year +€248,329
up €248,329 (+1,784%), from €13,922 to €262,251
of which Trade receivables: +€217,086
- Cash +€83,224
up €83,224 (+78.4%), from €106,128 to €189,352
mainly Short-term financial debts (+€915,053) and Trade debts (+€262,537)
- Tangible fixed assets +€42,572
up €42,572 (+1,562%), from €2,725 to €45,297
of which Leasing and similar rights: +€42,322
- Short-term financial debts +€915,053
new in 2025: €915,053
- Trade debts +€262,537
up €262,537 (+1,986%), from €13,219 to €275,756
- Debts after one year +€224,501
new in 2025: €224,501
- Profit (loss) carried forward +€158,959
up €158,959 (+110%), from €144,421 to €303,379
- Tax, wage and social debts +€94,518
up €94,518 (+290%), from €32,603 to €127,121
of which Taxes: +€94,518
- Gross operating margin +€111,583
up €111,583 (+101%), from €110,045 to €221,629
- Taxes +€25,750
up €25,750 (+115%), from €22,407 to €48,157
- Other operating charges +€5,441
up €5,441 (+847%), from €642 to €6,084
- Financial charges +€5,033
up €5,033 (+415%), from €1,212 to €6,245
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 | €205,502 | €1,933,891 | +€1.7m | +841% |
| Fixed assets | 21/28 | €2,725 | €45,297 | +€42,572 | +1,562% |
| Tangible fixed assets | 22/27 | €2,725 | €45,297 | +€42,572 | +1,562% |
| Plant, machinery and equipment | 23 | €1,405 | €909 | -€495 | -35.3% |
| Furniture and vehicles | 24 | €1,320 | €2,065 | +€745 | +56.4% |
| Leasing and similar rights | 25 | - | €42,322 | +€42,322 | |
| Current assets | 29/58 | €202,777 | €1,888,594 | +€1.7m | +831% |
| Stocks and contracts in progress | 3 | €81,709 | €1,433,742 | +€1.4m | +1,655% |
| Stocks | 30/36 | €81,709 | €1,433,742 | +€1.4m | +1,655% |
| Amounts receivable within one year | 40/41 | €13,922 | €262,251 | +€248,329 | +1,784% |
| Trade receivables | 40 | €13,915 | €231,001 | +€217,086 | +1,560% |
| Other amounts receivable | 41 | €7 | €31,250 | +€31,243 | +446,967% |
| Cash at bank and in hand | 54/58 | €106,128 | €189,352 | +€83,224 | +78.4% |
| Deferred charges and accrued income | 490/1 | €1,017 | €3,249 | +€2,232 | +219% |
| Total equity and liabilities | 10/49 | €205,502 | €1,933,891 | +€1.7m | +841% |
| Equity | 10/15 | €146,921 | €305,879 | +€158,959 | +108% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,421 | €303,379 | +€158,959 | +110% |
| Amounts payable | 17/49 | €58,581 | €1,628,012 | +€1.6m | +2,679% |
| Amounts payable after more than one year | 17 | - | €224,501 | +€224,501 | |
| Financial debts | 170/4 | - | €224,501 | +€224,501 | |
| Amounts payable within one year | 42/48 | €52,888 | €1,381,915 | +€1.3m | +2,513% |
| Current portion of amounts payable after more than one year | 42 | - | €12,207 | +€12,207 | |
| Financial debts | 43 | - | €915,053 | +€915,053 | |
| Other loans | 439 | - | €915,053 | +€915,053 | |
| Trade debts | 44 | €13,219 | €275,756 | +€262,537 | +1,986% |
| Suppliers | 440/4 | €13,219 | €275,756 | +€262,537 | +1,986% |
| Taxes, remuneration and social security | 45 | €32,603 | €127,121 | +€94,518 | +290% |
| Taxes | 450/3 | €28,603 | €123,121 | +€94,518 | +330% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €7,066 | €51,778 | +€44,712 | +633% |
| Accrued charges and deferred income | 492/3 | €5,693 | €21,596 | +€15,903 | +279% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189 | €2,186 | +€1,998 | +1,058% |
| Other operating charges | 640/8 | €642 | €6,084 | +€5,441 | +847% |
| Gross operating margin | 9900 | €110,045 | €221,629 | +€111,583 | +101% |
| Operating profit (loss) | 9901 | €109,214 | €213,359 | +€104,145 | +95.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,212 | €6,245 | +€5,033 | +415% |
| Recurring financial charges | 65 | €1,212 | €6,245 | +€5,033 | +415% |
| Profit (loss) for the period before taxes | 9903 | €108,002 | €207,115 | +€99,113 | +91.8% |
| Income taxes | 67/77 | €22,407 | €48,157 | +€25,750 | +115% |
| Profit (loss) for the period | 9904 | €85,595 | €158,959 | +€73,364 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €85,595 | €158,959 | +€73,364 | +85.7% |
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 14 October 2026 via checked.be.