BEE TRUST: 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 TRUST
Largest movements
- Current investments +€300,000
new in 2025: €300,000
- Cash +€135,797
up €135,797 (+187%), from €72,756 to €208,553
mainly Other debts (+€348,938) and Depreciation (+€76,337)
- Tangible fixed assets -€43,717
down €43,717 (-2.2%), from €2.0m to €1.9m
of which Land and buildings: -€36,110
- Other debts +€348,938
up €348,938 (+37.7%), from €925,884 to €1.3m
- Gross operating margin -€22,633
down €22,633 (-25.0%), from €90,683 to €68,050
- Financial charges +€13,041
up €13,041 (+23.2%), from €56,329 to €69,369
- Financial income -€4,518
down €4,518 (-6.9%), from €65,317 to €60,800
- Other operating charges +€1,150
up €1,150 (+10.5%), from €10,942 to €12,092
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 | €3,362,958 | €3,706,758 | +€343,800 | +10.2% |
| Fixed assets | 21/28 | €1,978,313 | €1,934,596 | -€43,717 | -2.2% |
| Tangible fixed assets | 22/27 | €1,978,313 | €1,934,596 | -€43,717 | -2.2% |
| Land and buildings | 22 | €1,857,801 | €1,821,691 | -€36,110 | -1.9% |
| Plant, machinery and equipment | 23 | €5,439 | €3,095 | -€2,344 | -43.1% |
| Furniture and vehicles | 24 | €115,073 | €109,809 | -€5,263 | -4.6% |
| Current assets | 29/58 | €1,384,645 | €1,772,162 | +€387,517 | +28.0% |
| Stocks and contracts in progress | 3 | €10,407 | €10,407 | = | 0.0% |
| Stocks | 30/36 | €10,407 | €10,407 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,285,110 | €1,250,260 | -€34,850 | -2.7% |
| Trade receivables | 40 | €18,521 | €62,086 | +€43,565 | +235% |
| Other amounts receivable | 41 | €1,266,589 | €1,188,174 | -€78,415 | -6.2% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €72,756 | €208,553 | +€135,797 | +187% |
| Deferred charges and accrued income | 490/1 | €16,373 | €2,942 | -€13,431 | -82.0% |
| Total equity and liabilities | 10/49 | €3,362,958 | €3,706,758 | +€343,800 | +10.2% |
| Equity | 10/15 | €2,410,718 | €2,377,910 | -€32,809 | -1.4% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €96,085 | €96,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €56,085 | €56,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,829,631 | €1,800,518 | -€29,113 | -1.6% |
| Investment grants | 15 | €85,002 | €81,306 | -€3,696 | -4.3% |
| Amounts payable | 17/49 | €952,240 | €1,328,848 | +€376,608 | +39.5% |
| Amounts payable within one year | 42/48 | €950,545 | €1,326,278 | +€375,732 | +39.5% |
| Trade debts | 44 | €5,139 | €23,785 | +€18,646 | +363% |
| Suppliers | 440/4 | €5,139 | €23,785 | +€18,646 | +363% |
| Taxes, remuneration and social security | 45 | €19,522 | €27,671 | +€8,149 | +41.7% |
| Taxes | 450/3 | €19,522 | €27,671 | +€8,149 | +41.7% |
| Other amounts payable | 47/48 | €925,884 | €1,274,822 | +€348,938 | +37.7% |
| Accrued charges and deferred income | 492/3 | €1,695 | €2,571 | +€876 | +51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,530 | €76,337 | -€194 | -0.3% |
| Other operating charges | 640/8 | €10,942 | €12,092 | +€1,150 | +10.5% |
| Gross operating margin | 9900 | €90,683 | €68,050 | -€22,633 | -25.0% |
| Operating profit (loss) | 9901 | €3,211 | -€20,379 | -€23,589 | |
| Financial income | 75/76B | €65,317 | €60,800 | -€4,518 | -6.9% |
| Recurring financial income | 75 | €65,317 | €60,800 | -€4,518 | -6.9% |
| Financial charges | 65/66B | €56,329 | €69,369 | +€13,041 | +23.2% |
| Recurring financial charges | 65 | €56,329 | €69,369 | +€13,041 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €12,199 | -€28,948 | -€41,148 | |
| Income taxes | 67/77 | €149 | €164 | +€15 | +10.0% |
| Profit (loss) for the period | 9904 | €12,050 | -€29,113 | -€41,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,050 | -€29,113 | -€41,163 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.