BeFirst: 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.
BeFirst
Largest movements
- Cash -€36,711
down €36,711 (-44.5%), from €82,474 to €45,763
mainly Contributions, distributions and other (-€340,000) and Current investments (-€26,827)
- Current investments +€26,827
up €26,827 (+549.8%), from €4,879 to €31,706
- Receivables within one year -€9,305
down €9,305 (-83.8%), from €11,109 to €1,804
- Tangible fixed assets -€8,237
down €8,237 (-11.2%), from €73,771 to €65,534
of which Furniture and vehicles: -€6,438
- Reserves -€55,000
no longer reported in 2025 (was €55,000)
- Other debts +€23,780
up €23,780 (+22.9%), from €103,945 to €127,725
- Profit (loss) carried forward +€5,110
up €5,110 (+123.8%), from €4,128 to €9,238
- Gross operating margin +€23,575
up €23,575 (+6.4%), from €368,481 to €392,056
- Financial income -€15,738
down €15,738 (-90.8%), from €17,325 to €1,587
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 | €173,733 | €146,307 | -€27,426 | -15.8% |
| Fixed assets | 21/28 | €75,271 | €67,034 | -€8,237 | -10.9% |
| Tangible fixed assets | 22/27 | €73,771 | €65,534 | -€8,237 | -11.2% |
| Land and buildings | 22 | €65,759 | €63,960 | -€1,799 | -2.7% |
| Furniture and vehicles | 24 | €8,012 | €1,574 | -€6,438 | -80.4% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €98,462 | €79,273 | -€19,189 | -19.5% |
| Amounts receivable within one year | 40/41 | €11,109 | €1,804 | -€9,305 | -83.8% |
| Other amounts receivable | 41 | €11,109 | €1,804 | -€9,305 | -83.8% |
| Current investments | 50/53 | €4,879 | €31,706 | +€26,827 | +549.8% |
| Cash at bank and in hand | 54/58 | €82,474 | €45,763 | -€36,711 | -44.5% |
| Total equity and liabilities | 10/49 | €173,733 | €146,307 | -€27,426 | -15.8% |
| Equity | 10/15 | €62,128 | €12,238 | -€49,890 | -80.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €55,000 | - | -€55,000 | |
| Distributable reserves | 133 | €55,000 | - | -€55,000 | |
| Profit (loss) carried forward | 14 | €4,128 | €9,238 | +€5,110 | +123.8% |
| Amounts payable | 17/49 | €111,605 | €134,069 | +€22,464 | +20.1% |
| Amounts payable within one year | 42/48 | €111,605 | €134,069 | +€22,464 | +20.1% |
| Trade debts | 44 | €360 | €360 | = | 0.0% |
| Suppliers | 440/4 | €360 | €360 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,300 | €5,984 | -€1,316 | -18.0% |
| Taxes | 450/3 | €3,300 | €5,984 | +€2,684 | +81.3% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €103,945 | €127,725 | +€23,780 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,928 | €8,237 | +€309 | +3.9% |
| Other operating charges | 640/8 | €1,032 | €928 | -€104 | -10.1% |
| Gross operating margin | 9900 | €368,481 | €392,056 | +€23,575 | +6.4% |
| Operating profit (loss) | 9901 | €359,521 | €382,891 | +€23,370 | +6.5% |
| Financial income | 75/76B | €17,325 | €1,587 | -€15,738 | -90.8% |
| Recurring financial income | 75 | €17,325 | €1,587 | -€15,738 | -90.8% |
| Financial charges | 65/66B | €122 | €1,491 | +€1,369 | +1122.1% |
| Recurring financial charges | 65 | €122 | €1,491 | +€1,369 | +1122.1% |
| Profit (loss) for the period before taxes | 9903 | €376,724 | €382,987 | +€6,263 | +1.7% |
| Income taxes | 67/77 | €91,109 | €92,877 | +€1,768 | +1.9% |
| Profit (loss) for the period | 9904 | €285,615 | €290,110 | +€4,495 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €285,615 | €290,110 | +€4,495 | +1.6% |
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 2 October 2026 via checked.be.