BErecircle: 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.
BErecircle
Largest movements
- Receivables within one year +€33,057
up €33,057 (+232%), from €14,234 to €47,290
of which Trade receivables: +€32,623
- Tangible fixed assets -€30,653
down €30,653 (-100%), from €30,653 to €0
- Cash +€2,665
up €2,665 (+19.1%), from €13,943 to €16,608
mainly Investment in fixed assets (net) (+€30,653) and Trade debts (+€15,494)
- Other debts -€25,135
down €25,135 (-41.0%), from €61,362 to €36,226
- Trade debts +€15,494
up €15,494 (+239%), from €6,495 to €21,989
- Accrued charges and deferred income +€9,425
new in 2025: €9,425
- Profit (loss) carried forward +€2,816
up €2,816 (+13.8%), from -€20,402 to -€17,586
- Tax, wage and social debts +€2,469
up €2,469 (+180%), from €1,375 to €3,844
- Gross operating margin -€9,938
down €9,938 (-74.4%), from €13,363 to €3,425
- Depreciation -€6,021
no longer reported in 2025 (was €6,021)
- Financial charges +€609
new in 2025: €609
- Financial income -€374
no longer reported in 2025 (was €374)
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.
Derived cash bridge
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 | €58,830 | €63,899 | +€5,069 | +8.6% |
| Fixed assets | 21/28 | €30,653 | €0 | -€30,653 | -100% |
| Tangible fixed assets | 22/27 | €30,653 | €0 | -€30,653 | -100% |
| Other tangible fixed assets | 26 | €30,653 | €0 | -€30,653 | -100% |
| Current assets | 29/58 | €28,177 | €63,899 | +€35,722 | +127% |
| Amounts receivable within one year | 40/41 | €14,234 | €47,290 | +€33,057 | +232% |
| Trade receivables | 40 | €13,717 | €46,340 | +€32,623 | +238% |
| Other amounts receivable | 41 | €517 | €950 | +€434 | +84.0% |
| Cash at bank and in hand | 54/58 | €13,943 | €16,608 | +€2,665 | +19.1% |
| Total equity and liabilities | 10/49 | €58,830 | €63,899 | +€5,069 | +8.6% |
| Equity | 10/15 | -€10,402 | -€7,586 | +€2,816 | +27.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,402 | -€17,586 | +€2,816 | +13.8% |
| Amounts payable | 17/49 | €69,232 | €71,484 | +€2,253 | +3.3% |
| Amounts payable within one year | 42/48 | €69,232 | €62,060 | -€7,172 | -10.4% |
| Trade debts | 44 | €6,495 | €21,989 | +€15,494 | +239% |
| Suppliers | 440/4 | €6,495 | €21,989 | +€15,494 | +239% |
| Taxes, remuneration and social security | 45 | €1,375 | €3,844 | +€2,469 | +180% |
| Taxes | 450/3 | €1,375 | €3,844 | +€2,469 | +180% |
| Other amounts payable | 47/48 | €61,362 | €36,226 | -€25,135 | -41.0% |
| Accrued charges and deferred income | 492/3 | - | €9,425 | +€9,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,021 | - | -€6,021 | |
| Gross operating margin | 9900 | €13,363 | €3,425 | -€9,938 | -74.4% |
| Operating profit (loss) | 9901 | €7,342 | €3,425 | -€3,917 | -53.4% |
| Financial income | 75/76B | €374 | - | -€374 | |
| Recurring financial income | 75 | €374 | - | -€374 | |
| Financial charges | 65/66B | - | €609 | +€609 | |
| Recurring financial charges | 65 | - | €609 | +€609 | |
| Profit (loss) for the period before taxes | 9903 | €7,716 | €2,816 | -€4,900 | -63.5% |
| Profit (loss) for the period | 9904 | €7,716 | €2,816 | -€4,900 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,716 | €2,816 | -€4,900 | -63.5% |
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 14 October 2026 via checked.be.