BeFre: 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.
BeFre
Largest movements
- Receivables within one year -€87,645
down €87,645 (-46.1%), from €190,276 to €102,631
of which Trade receivables: -€91,154
- Stocks and contracts -€13,667
down €13,667 (-64.8%), from €21,075 to €7,408
- Profit (loss) carried forward -€132,036
down €132,036 (-44.9%), from €294,212 to €162,176
- Accrued charges and deferred income +€32,268
new in 2025: €32,268
- Tax, wage and social debts -€6,568
down €6,568 (-22.4%), from €29,328 to €22,760
of which Taxes: -€6,923
- Gross operating margin -€152,231
down €152,231, from €109,057 to -€43,174
- Staff costs -€35,143
down €35,143 (-27.8%), from €126,636 to €91,493
- Financial charges -€2,366
down €2,366 (-52.4%), from €4,512 to €2,146
- Financial income -€1,620
down €1,620 (-19.9%), from €8,127 to €6,507
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 | €391,540 | €285,204 | -€106,335 | -27.2% |
| Fixed assets | 21/28 | €10,278 | €11,249 | +€970 | +9.4% |
| Intangible fixed assets | 21 | €98 | €0 | -€98 | -100.0% |
| Tangible fixed assets | 22/27 | €760 | €1,829 | +€1,068 | +140.5% |
| Plant, machinery and equipment | 23 | - | €1,478 | +€1,478 | |
| Furniture and vehicles | 24 | €760 | €351 | -€409 | -53.8% |
| Financial fixed assets | 28 | €9,420 | €9,420 | = | 0.0% |
| Current assets | 29/58 | €381,261 | €273,956 | -€107,306 | -28.1% |
| Stocks and contracts in progress | 3 | €21,075 | €7,408 | -€13,667 | -64.8% |
| Stocks | 30/36 | €21,075 | €7,408 | -€13,667 | -64.8% |
| Amounts receivable within one year | 40/41 | €190,276 | €102,631 | -€87,645 | -46.1% |
| Trade receivables | 40 | €185,772 | €94,618 | -€91,154 | -49.1% |
| Other amounts receivable | 41 | €4,505 | €8,014 | +€3,509 | +77.9% |
| Cash at bank and in hand | 54/58 | €156,979 | €153,413 | -€3,566 | -2.3% |
| Deferred charges and accrued income | 490/1 | €12,931 | €10,504 | -€2,427 | -18.8% |
| Total equity and liabilities | 10/49 | €391,540 | €285,204 | -€106,335 | -27.2% |
| Equity | 10/15 | €362,212 | €230,176 | -€132,036 | -36.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €294,212 | €162,176 | -€132,036 | -44.9% |
| Amounts payable | 17/49 | €29,328 | €55,028 | +€25,701 | +87.6% |
| Amounts payable within one year | 42/48 | €29,328 | €22,760 | -€6,568 | -22.4% |
| Taxes, remuneration and social security | 45 | €29,328 | €22,760 | -€6,568 | -22.4% |
| Taxes | 450/3 | €10,934 | €4,011 | -€6,923 | -63.3% |
| Remuneration and social security | 454/9 | €18,393 | €18,749 | +€355 | +1.9% |
| Accrued charges and deferred income | 492/3 | - | €32,268 | +€32,268 | |
| Remuneration, social security and pensions | 62 | €126,636 | €91,493 | -€35,143 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829 | €563 | -€267 | -32.2% |
| Other operating charges | 640/8 | €1,545 | €1,167 | -€378 | -24.5% |
| Gross operating margin | 9900 | €109,057 | -€43,174 | -€152,231 | |
| Operating profit (loss) | 9901 | -€19,953 | -€136,397 | -€116,444 | -583.6% |
| Financial income | 75/76B | €8,127 | €6,507 | -€1,620 | -19.9% |
| Recurring financial income | 75 | €8,127 | €6,507 | -€1,620 | -19.9% |
| Financial charges | 65/66B | €4,512 | €2,146 | -€2,366 | -52.4% |
| Recurring financial charges | 65 | €4,512 | €2,146 | -€2,366 | -52.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,338 | -€132,036 | -€115,698 | -708.1% |
| Income taxes | 67/77 | €189 | €0 | -€189 | -100.0% |
| Profit (loss) for the period | 9904 | -€16,528 | -€132,036 | -€115,509 | -698.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,528 | -€132,036 | -€115,509 | -698.9% |
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 5 October 2026 via checked.be.