BES GROUP: 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.
BES GROUP
Largest movements
- Cash -€20,282
down €20,282 (-20.9%), from €96,936 to €76,654
mainly Contributions, distributions and other (-€54,261) and Current investments (-€18,168)
- Current investments +€18,168
up €18,168 (+80.7%), from €22,500 to €40,667
- Deferred charges and accrued income -€10,871
down €10,871 (-82.2%), from €13,224 to €2,353
- Receivables within one year +€10,016
up €10,016 (+48.8%), from €20,518 to €30,534
of which Trade receivables: +€10,901
- Other debts -€1,646
down €1,646 (-1.2%), from €134,648 to €133,002
- Gross operating margin +€12,185
up €12,185 (+19.9%), from €61,297 to €73,482
- Taxes +€5,818
up €5,818 (+71.7%), from €8,115 to €13,933
- Financial charges -€4,546
down €4,546 (-52.7%), from €8,631 to €4,085
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 | €154,278 | €152,760 | -€1,518 | -1.0% |
| Fixed assets | 21/28 | €1,100 | €2,553 | +€1,453 | +132% |
| Tangible fixed assets | 22/27 | €1,100 | €2,553 | +€1,453 | +132% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,100 | €2,553 | +€1,453 | +132% |
| Current assets | 29/58 | €153,177 | €150,207 | -€2,970 | -1.9% |
| Amounts receivable within one year | 40/41 | €20,518 | €30,534 | +€10,016 | +48.8% |
| Trade receivables | 40 | €19,633 | €30,534 | +€10,901 | +55.5% |
| Other amounts receivable | 41 | €885 | €0 | -€885 | -100% |
| Current investments | 50/53 | €22,500 | €40,667 | +€18,168 | +80.7% |
| Cash at bank and in hand | 54/58 | €96,936 | €76,654 | -€20,282 | -20.9% |
| Deferred charges and accrued income | 490/1 | €13,224 | €2,353 | -€10,871 | -82.2% |
| Total equity and liabilities | 10/49 | €154,278 | €152,760 | -€1,518 | -1.0% |
| Equity | 10/15 | €8,396 | €8,396 | = | 0.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €8,395 | €8,395 | = | 0.0% |
| Distributable reserves | 133 | €8,395 | €8,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €145,882 | €144,364 | -€1,518 | -1.0% |
| Amounts payable within one year | 42/48 | €145,882 | €144,280 | -€1,602 | -1.1% |
| Trade debts | 44 | €0 | €675 | +€675 | |
| Suppliers | 440/4 | €0 | €675 | +€675 | |
| Taxes, remuneration and social security | 45 | €11,234 | €10,603 | -€631 | -5.6% |
| Taxes | 450/3 | €2,599 | €2,464 | -€135 | -5.2% |
| Remuneration and social security | 454/9 | €8,635 | €8,139 | -€496 | -5.7% |
| Other amounts payable | 47/48 | €134,648 | €133,002 | -€1,646 | -1.2% |
| Accrued charges and deferred income | 492/3 | - | €84 | +€84 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,629 | €1,151 | -€478 | -29.4% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €61,297 | €73,482 | +€12,185 | +19.9% |
| Operating profit (loss) | 9901 | €59,100 | €71,746 | +€12,647 | +21.4% |
| Financial income | 75/76B | €271 | €532 | +€261 | +96.2% |
| Recurring financial income | 75 | €271 | €532 | +€261 | +96.2% |
| Financial charges | 65/66B | €8,631 | €4,085 | -€4,546 | -52.7% |
| Recurring financial charges | 65 | €8,631 | €4,085 | -€4,546 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €50,740 | €68,194 | +€17,454 | +34.4% |
| Income taxes | 67/77 | €8,115 | €13,933 | +€5,818 | +71.7% |
| Profit (loss) for the period | 9904 | €42,625 | €54,261 | +€11,636 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,625 | €54,261 | +€11,636 | +27.3% |
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 23 October 2026 via checked.be.