BES: 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.
BES
Largest movements
- Tangible fixed assets -€91,011
down €91,011 (-6.4%), from €1.4m to €1.3m
- Debts after one year -€73,487
down €73,487 (-16.1%), from €457,783 to €384,296
- Other debts -€29,412
down €29,412 (-5.6%), from €523,270 to €493,858
- Gross operating margin +€7,076
up €7,076 (+5.9%), from €120,777 to €127,853
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 | €1,423,783 | €1,332,793 | -€90,990 | -6.4% |
| Fixed assets | 21/28 | €1,423,144 | €1,332,133 | -€91,011 | -6.4% |
| Tangible fixed assets | 22/27 | €1,423,144 | €1,332,133 | -€91,011 | -6.4% |
| Land and buildings | 22 | €1,423,144 | €1,332,133 | -€91,011 | -6.4% |
| Current assets | 29/58 | €639 | €660 | +€21 | +3.3% |
| Cash at bank and in hand | 54/58 | €14 | €29 | +€15 | +107.1% |
| Deferred charges and accrued income | 490/1 | €625 | €631 | +€6 | +1.0% |
| Total equity and liabilities | 10/49 | €1,423,783 | €1,332,793 | -€90,990 | -6.4% |
| Equity | 10/15 | €366,327 | €378,581 | +€12,254 | +3.3% |
| Contributions | 10/11 | €636,125 | €636,125 | = | 0.0% |
| Reserves | 13 | €101,638 | €101,638 | = | 0.0% |
| Distributable reserves | 133 | €101,638 | €101,638 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€371,436 | -€359,182 | +€12,254 | +3.3% |
| Amounts payable | 17/49 | €1,057,456 | €954,212 | -€103,244 | -9.8% |
| Amounts payable after more than one year | 17 | €457,783 | €384,296 | -€73,487 | -16.1% |
| Financial debts | 170/4 | €457,783 | €384,296 | -€73,487 | -16.1% |
| Amounts payable within one year | 42/48 | €595,251 | €567,345 | -€27,906 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €71,981 | €73,487 | +€1,506 | +2.1% |
| Other amounts payable | 47/48 | €523,270 | €493,858 | -€29,412 | -5.6% |
| Accrued charges and deferred income | 492/3 | €4,422 | €2,571 | -€1,851 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,011 | €91,011 | = | 0.0% |
| Other operating charges | 640/8 | €8,905 | €9,152 | +€247 | +2.8% |
| Gross operating margin | 9900 | €120,777 | €127,853 | +€7,076 | +5.9% |
| Operating profit (loss) | 9901 | €20,861 | €27,690 | +€6,829 | +32.7% |
| Financial charges | 65/66B | €16,602 | €15,436 | -€1,166 | -7.0% |
| Recurring financial charges | 65 | €16,602 | €15,436 | -€1,166 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €4,259 | €12,254 | +€7,995 | +187.7% |
| Profit (loss) for the period | 9904 | €4,259 | €12,254 | +€7,995 | +187.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,259 | €12,254 | +€7,995 | +187.7% |
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 4 October 2026 via checked.be.