BEFINANCE: 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.
BEFINANCE
Largest movements
- Financial fixed assets -€152,777
down €152,777 (-100.0%), from €152,777 to €0
- Cash +€90,590
up €90,590 (+282.1%), from €32,115 to €122,705
mainly Investment in fixed assets (net) (+€152,777) and Net result for the year (+€67,572)
- Receivables within one year +€20,703
up €20,703 (+117.4%), from €17,633 to €38,335
of which Other amounts receivable: +€15,091
- Tangible fixed assets -€18,774
down €18,774 (-27.5%), from €68,342 to €49,568
of which Furniture and vehicles: -€12,512
- Debts after one year -€73,137
no longer reported in 2025 (was €73,137)
- Reserves +€67,572
up €67,572 (+53.0%), from €127,476 to €195,048
- Other debts -€44,430
down €44,430 (-100.0%), from €44,430 to €0
- Tax, wage and social debts -€4,455
down €4,455 (-19.1%), from €23,292 to €18,837
of which Taxes: -€4,440
- Trade debts -€2,959
down €2,959 (-77.2%), from €3,832 to €873
- Gross operating margin -€17,210
down €17,210 (-14.2%), from €121,267 to €104,057
- Financial income +€13,605
up €13,605 (+58290.9%), from €23 to €13,628
- Taxes -€4,492
down €4,492 (-13.6%), from €33,033 to €28,541
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 | €274,667 | €214,758 | -€59,909 | -21.8% |
| Fixed assets | 21/28 | €221,119 | €49,568 | -€171,551 | -77.6% |
| Tangible fixed assets | 22/27 | €68,342 | €49,568 | -€18,774 | -27.5% |
| Land and buildings | 22 | €39,139 | €32,878 | -€6,261 | -16.0% |
| Furniture and vehicles | 24 | €29,202 | €16,690 | -€12,512 | -42.8% |
| Financial fixed assets | 28 | €152,777 | €0 | -€152,777 | -100.0% |
| Current assets | 29/58 | €53,548 | €165,190 | +€111,642 | +208.5% |
| Amounts receivable within one year | 40/41 | €17,633 | €38,335 | +€20,703 | +117.4% |
| Trade receivables | 40 | €17,588 | €23,200 | +€5,612 | +31.9% |
| Other amounts receivable | 41 | €44 | €15,135 | +€15,091 | +34018.8% |
| Cash at bank and in hand | 54/58 | €32,115 | €122,705 | +€90,590 | +282.1% |
| Deferred charges and accrued income | 490/1 | €3,801 | €4,150 | +€350 | +9.2% |
| Total equity and liabilities | 10/49 | €274,667 | €214,758 | -€59,909 | -21.8% |
| Equity | 10/15 | €127,476 | €195,048 | +€67,572 | +53.0% |
| Reserves | 13 | €127,476 | €195,048 | +€67,572 | +53.0% |
| Distributable reserves | 133 | €127,476 | €195,048 | +€67,572 | +53.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €147,191 | €19,710 | -€127,481 | -86.6% |
| Amounts payable after more than one year | 17 | €73,137 | - | -€73,137 | |
| Financial debts | 170/4 | €73,137 | - | -€73,137 | |
| Amounts payable within one year | 42/48 | €74,055 | €19,710 | -€54,344 | -73.4% |
| Current portion of amounts payable after more than one year | 42 | €2,501 | - | -€2,501 | |
| Trade debts | 44 | €3,832 | €873 | -€2,959 | -77.2% |
| Suppliers | 440/4 | €3,832 | €873 | -€2,959 | -77.2% |
| Taxes, remuneration and social security | 45 | €23,292 | €18,837 | -€4,455 | -19.1% |
| Taxes | 450/3 | €23,277 | €18,837 | -€4,440 | -19.1% |
| Remuneration and social security | 454/9 | €15 | - | -€15 | |
| Other amounts payable | 47/48 | €44,430 | €0 | -€44,430 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,045 | €18,774 | +€729 | +4.0% |
| Other operating charges | 640/8 | €968 | €2,070 | +€1,102 | +113.8% |
| Gross operating margin | 9900 | €121,267 | €104,057 | -€17,210 | -14.2% |
| Operating profit (loss) | 9901 | €102,254 | €83,213 | -€19,041 | -18.6% |
| Financial income | 75/76B | €23 | €13,628 | +€13,605 | +58290.9% |
| Recurring financial income | 75 | €23 | €13,628 | +€13,605 | +58290.9% |
| Financial charges | 65/66B | €916 | €729 | -€188 | -20.5% |
| Recurring financial charges | 65 | €916 | €729 | -€188 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €101,361 | €96,113 | -€5,248 | -5.2% |
| Income taxes | 67/77 | €33,033 | €28,541 | -€4,492 | -13.6% |
| Profit (loss) for the period | 9904 | €68,328 | €67,572 | -€756 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,328 | €67,572 | -€756 | -1.1% |
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 9 October 2026 via checked.be.