BESA: 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.
BESA
Largest movements
- Cash +€64,204
up €64,204 (+3,668%), from €1,750 to €65,954
mainly Net result for the year (+€86,618) and Tax, wage and social debts (+€7,990)
- Receivables within one year +€23,662
up €23,662 (+10.6%), from €222,319 to €245,981
of which Other amounts receivable: +€36,351
- Tangible fixed assets +€4,126
up €4,126 (+108%), from €3,830 to €7,956
of which Furniture and vehicles: +€4,572
- Reserves +€86,618
up €86,618 (+43.1%), from €200,829 to €287,447
- Tax, wage and social debts +€7,990
up €7,990 (+60.0%), from €13,323 to €21,314
of which Taxes: +€11,106
- Current portion of long-term debt -€4,460
down €4,460 (-100%), from €4,460 to €0
- Gross operating margin +€47,397
up €47,397 (+70.3%), from €67,391 to €114,788
- Taxes +€14,819
up €14,819 (+86.6%), from €17,105 to €31,924
- Financial income +€11,643
up €11,643, from €0 to €11,643
- Depreciation +€1,526
up €1,526 (+100%), from €1,520 to €3,046
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 | €228,055 | €320,723 | +€92,668 | +40.6% |
| Fixed assets | 21/28 | €3,830 | €7,956 | +€4,126 | +108% |
| Tangible fixed assets | 22/27 | €3,830 | €7,956 | +€4,126 | +108% |
| Plant, machinery and equipment | 23 | €3,830 | €3,383 | -€447 | -11.7% |
| Furniture and vehicles | 24 | - | €4,572 | +€4,572 | |
| Current assets | 29/58 | €224,225 | €312,767 | +€88,542 | +39.5% |
| Amounts receivable within one year | 40/41 | €222,319 | €245,981 | +€23,662 | +10.6% |
| Trade receivables | 40 | €28,719 | €16,030 | -€12,689 | -44.2% |
| Other amounts receivable | 41 | €193,600 | €229,950 | +€36,351 | +18.8% |
| Cash at bank and in hand | 54/58 | €1,750 | €65,954 | +€64,204 | +3,668% |
| Deferred charges and accrued income | 490/1 | €156 | €832 | +€677 | +435% |
| Total equity and liabilities | 10/49 | €228,055 | €320,723 | +€92,668 | +40.6% |
| Equity | 10/15 | €207,029 | €293,647 | +€86,618 | +41.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €200,829 | €287,447 | +€86,618 | +43.1% |
| Distributable reserves | 133 | €200,829 | €287,447 | +€86,618 | +43.1% |
| Amounts payable | 17/49 | €21,026 | €27,076 | +€6,050 | +28.8% |
| Amounts payable within one year | 42/48 | €21,026 | €27,076 | +€6,050 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €4,460 | €0 | -€4,460 | -100% |
| Trade debts | 44 | €3,243 | €5,762 | +€2,519 | +77.7% |
| Suppliers | 440/4 | €3,243 | €5,762 | +€2,519 | +77.7% |
| Taxes, remuneration and social security | 45 | €13,323 | €21,314 | +€7,990 | +60.0% |
| Taxes | 450/3 | €10,208 | €21,314 | +€11,106 | +109% |
| Remuneration and social security | 454/9 | €3,115 | €0 | -€3,115 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,520 | €3,046 | +€1,526 | +100% |
| Other operating charges | 640/8 | €509 | €413 | -€96 | -18.9% |
| Gross operating margin | 9900 | €67,391 | €114,788 | +€47,397 | +70.3% |
| Operating profit (loss) | 9901 | €65,362 | €111,329 | +€45,968 | +70.3% |
| Financial income | 75/76B | €0 | €11,643 | +€11,643 | |
| Recurring financial income | 75 | €0 | €11,643 | +€11,643 | |
| Financial charges | 65/66B | €5,331 | €4,430 | -€901 | -16.9% |
| Recurring financial charges | 65 | €5,331 | €4,430 | -€901 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €60,031 | €118,542 | +€58,511 | +97.5% |
| Income taxes | 67/77 | €17,105 | €31,924 | +€14,819 | +86.6% |
| Profit (loss) for the period | 9904 | €42,926 | €86,618 | +€43,693 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €42,926 | €86,618 | +€43,693 | +102% |
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 21 October 2026 via checked.be.