BEG CONSULT: 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.
BEG CONSULT
Largest movements
- Receivables after one year +€52,800
up €52,800 (+550.0%), from €9,600 to €62,400
- Receivables within one year -€30,990
down €30,990 (-42.9%), from €72,283 to €41,292
of which Trade receivables: -€21,435
- Cash +€26,415
up €26,415 (+176.2%), from €14,992 to €41,406
mainly Other debts (+€40,205) and Net result for the year (+€31,439)
- Current investments -€25,000
down €25,000 (-16.7%), from €150,000 to €125,000
- Other debts +€40,205
new in 2025: €40,205
- Tax, wage and social debts -€14,665
down €14,665 (-53.6%), from €27,380 to €12,715
of which Taxes: -€18,165
- Reserves -€11,561
down €11,561 (-5.1%), from €228,197 to €216,637
- Current portion of long-term debt +€7,580
up €7,580, from €0 to €7,580
- Gross operating margin -€15,609
down €15,609 (-24.0%), from €65,078 to €49,469
- Taxes -€3,952
down €3,952 (-22.3%), from €17,717 to €13,765
- Depreciation -€3,002
down €3,002 (-34.6%), from €8,665 to €5,664
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 | €265,922 | €289,337 | +€23,414 | +8.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €18,172 | €19,207 | +€1,035 | +5.7% |
| Tangible fixed assets | 22/27 | €18,147 | €19,182 | +€1,035 | +5.7% |
| Plant, machinery and equipment | 23 | - | €3,306 | +€3,306 | |
| Furniture and vehicles | 24 | €1,290 | €3,521 | +€2,231 | +172.9% |
| Other tangible fixed assets | 26 | €16,857 | €12,355 | -€4,502 | -26.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €247,751 | €270,130 | +€22,379 | +9.0% |
| Amounts receivable after more than one year | 29 | €9,600 | €62,400 | +€52,800 | +550.0% |
| Other amounts receivable | 291 | €9,600 | €62,400 | +€52,800 | +550.0% |
| Amounts receivable within one year | 40/41 | €72,283 | €41,292 | -€30,990 | -42.9% |
| Trade receivables | 40 | €39,282 | €17,848 | -€21,435 | -54.6% |
| Other amounts receivable | 41 | €33,001 | €23,445 | -€9,556 | -29.0% |
| Current investments | 50/53 | €150,000 | €125,000 | -€25,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €14,992 | €41,406 | +€26,415 | +176.2% |
| Deferred charges and accrued income | 490/1 | €876 | €31 | -€845 | -96.4% |
| Total equity and liabilities | 10/49 | €265,922 | €289,337 | +€23,414 | +8.8% |
| Equity | 10/15 | €236,307 | €224,747 | -€11,561 | -4.9% |
| Contributions | 10/11 | €8,110 | €8,110 | = | 0.0% |
| Reserves | 13 | €228,197 | €216,637 | -€11,561 | -5.1% |
| Distributable reserves | 133 | €228,197 | €216,637 | -€11,561 | -5.1% |
| Amounts payable | 17/49 | €29,615 | €64,590 | +€34,975 | +118.1% |
| Amounts payable within one year | 42/48 | €29,615 | €64,590 | +€34,975 | +118.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €7,580 | +€7,580 | |
| Trade debts | 44 | €2,235 | €4,089 | +€1,854 | +82.9% |
| Suppliers | 440/4 | €2,235 | €4,089 | +€1,854 | +82.9% |
| Taxes, remuneration and social security | 45 | €27,380 | €12,715 | -€14,665 | -53.6% |
| Taxes | 450/3 | €27,380 | €9,215 | -€18,165 | -66.3% |
| Remuneration and social security | 454/9 | €0 | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | - | €40,205 | +€40,205 | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,665 | €5,664 | -€3,002 | -34.6% |
| Other operating charges | 640/8 | €850 | €697 | -€153 | -18.0% |
| Non-recurring operating charges | 66A | - | €31 | +€31 | |
| Gross operating margin | 9900 | €65,078 | €49,469 | -€15,609 | -24.0% |
| Operating profit (loss) | 9901 | €55,562 | €43,077 | -€12,485 | -22.5% |
| Financial income | 75/76B | €2,901 | €2,376 | -€526 | -18.1% |
| Recurring financial income | 75 | €2,901 | €2,376 | -€526 | -18.1% |
| Financial charges | 65/66B | €536 | €249 | -€287 | -53.5% |
| Recurring financial charges | 65 | €536 | €249 | -€287 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €57,928 | €45,204 | -€12,724 | -22.0% |
| Income taxes | 67/77 | €17,717 | €13,765 | -€3,952 | -22.3% |
| Profit (loss) for the period | 9904 | €40,211 | €31,439 | -€8,771 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,211 | €31,439 | -€8,771 | -21.8% |
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 11 October 2026 via checked.be.