BeObjective: 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.
BeObjective
Largest movements
- Tangible fixed assets -€116,949
down €116,949 (-96.6%), from €121,103 to €4,154
of which Land and buildings: -€112,015
- Receivables within one year +€83,175
up €83,175 (+74.1%), from €112,277 to €195,452
- Cash +€2,872
up €2,872 (+20.2%), from €14,208 to €17,080
mainly Other debts (+€127,227) and Investment in fixed assets (net) (+€116,283)
- Other debts +€127,227
new in 2025: €127,227
- Profit (loss) carried forward -€72,122
no longer reported in 2025 (was €72,122)
- Debts after one year -€70,028
no longer reported in 2025 (was €70,028)
- Tax, wage and social debts -€9,269
down €9,269 (-12.3%), from €75,133 to €65,864
of which Taxes: -€7,195
- Current portion of long-term debt -€8,761
no longer reported in 2025 (was €8,761)
- Financial income +€8,621
new in 2025: €8,621
- Financial charges +€6,602
up €6,602 (+232.2%), from €2,843 to €9,445
- Depreciation -€3,575
down €3,575 (-84.3%), from €4,241 to €666
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 | €248,615 | €217,386 | -€31,230 | -12.6% |
| Fixed assets | 21/28 | €121,103 | €4,154 | -€116,949 | -96.6% |
| Tangible fixed assets | 22/27 | €121,103 | €4,154 | -€116,949 | -96.6% |
| Land and buildings | 22 | €112,015 | - | -€112,015 | |
| Furniture and vehicles | 24 | €1,532 | €866 | -€666 | -43.5% |
| Other tangible fixed assets | 26 | €7,556 | €3,288 | -€4,268 | -56.5% |
| Current assets | 29/58 | €127,512 | €213,231 | +€85,719 | +67.2% |
| Amounts receivable within one year | 40/41 | €112,277 | €195,452 | +€83,175 | +74.1% |
| Other amounts receivable | 41 | €112,277 | €195,452 | +€83,175 | +74.1% |
| Cash at bank and in hand | 54/58 | €14,208 | €17,080 | +€2,872 | +20.2% |
| Deferred charges and accrued income | 490/1 | €1,027 | €699 | -€327 | -31.9% |
| Total equity and liabilities | 10/49 | €248,615 | €217,386 | -€31,230 | -12.6% |
| Equity | 10/15 | €92,582 | €20,460 | -€72,122 | -77.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,122 | - | -€72,122 | |
| Amounts payable | 17/49 | €156,033 | €196,926 | +€40,892 | +26.2% |
| Amounts payable after more than one year | 17 | €70,028 | - | -€70,028 | |
| Financial debts | 170/4 | €70,028 | - | -€70,028 | |
| Amounts payable within one year | 42/48 | €86,005 | €196,926 | +€110,920 | +129.0% |
| Current portion of amounts payable after more than one year | 42 | €8,761 | - | -€8,761 | |
| Trade debts | 44 | €2,111 | €3,834 | +€1,724 | +81.7% |
| Suppliers | 440/4 | €2,111 | €3,834 | +€1,724 | +81.7% |
| Taxes, remuneration and social security | 45 | €75,133 | €65,864 | -€9,269 | -12.3% |
| Taxes | 450/3 | €73,059 | €65,864 | -€7,195 | -9.8% |
| Remuneration and social security | 454/9 | €2,074 | - | -€2,074 | |
| Other amounts payable | 47/48 | - | €127,227 | +€127,227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,241 | €666 | -€3,575 | -84.3% |
| Other operating charges | 640/8 | €1,079 | €915 | -€164 | -15.2% |
| Gross operating margin | 9900 | €104,914 | €103,947 | -€967 | -0.9% |
| Operating profit (loss) | 9901 | €99,594 | €102,366 | +€2,772 | +2.8% |
| Financial income | 75/76B | - | €8,621 | +€8,621 | |
| Recurring financial income | 75 | - | €8,621 | +€8,621 | |
| Financial charges | 65/66B | €2,843 | €9,445 | +€6,602 | +232.2% |
| Recurring financial charges | 65 | €2,843 | €9,445 | +€6,602 | +232.2% |
| Profit (loss) for the period before taxes | 9903 | €96,750 | €101,542 | +€4,791 | +5.0% |
| Income taxes | 67/77 | €24,815 | €23,985 | -€830 | -3.3% |
| Profit (loss) for the period | 9904 | €71,936 | €77,557 | +€5,621 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,936 | €77,557 | +€5,621 | +7.8% |
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 28 September 2026 via checked.be.