BESA-AG: 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-AG
Largest movements
- Tangible fixed assets -€50,264
down €50,264 (-84.0%), from €59,863 to €9,598
of which Furniture and vehicles: -€47,405
- Cash +€15,133
up €15,133 (+426%), from €3,554 to €18,687
mainly Trade debts (+€76,136) and Investment in fixed assets (net) (+€43,857)
- Stocks and contracts -€13,735
no longer reported in 2025 (was €13,735)
- Receivables within one year +€11,739
up €11,739 (+4.7%), from €250,134 to €261,873
of which Trade receivables: +€10,901
- Profit (loss) carried forward -€108,705
down €108,705 (-72.9%), from €149,020 to €40,315
- Trade debts +€76,136
up €76,136 (+93.6%), from €81,300 to €157,436
- Other debts +€27,755
up €27,755 (+421%), from €6,593 to €34,349
- Tax, wage and social debts -€18,257
down €18,257 (-50.7%), from €35,991 to €17,733
of which Taxes: -€11,832
- Debts after one year -€15,413
down €15,413 (-65.9%), from €23,375 to €7,962
- Gross operating margin -€147,213
down €147,213, from €87,758 to -€59,455
- Depreciation -€16,379
down €16,379 (-71.9%), from €22,787 to €6,408
- Staff costs -€14,175
down €14,175 (-22.9%), from €61,884 to €47,708
- Financial income +€2,152
up €2,152 (+23.3%), from €9,254 to €11,406
- Taxes -€1,694
down €1,694 (-80.5%), from €2,104 to €410
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 | €332,458 | €294,319 | -€38,139 | -11.5% |
| Fixed assets | 21/28 | €59,863 | €9,598 | -€50,264 | -84.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €59,863 | €9,598 | -€50,264 | -84.0% |
| Plant, machinery and equipment | 23 | €12,207 | €9,347 | -€2,860 | -23.4% |
| Furniture and vehicles | 24 | €47,655 | €251 | -€47,405 | -99.5% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €272,595 | €284,720 | +€12,125 | +4.4% |
| Stocks and contracts in progress | 3 | €13,735 | - | -€13,735 | |
| Stocks | 30/36 | €13,735 | - | -€13,735 | |
| Amounts receivable within one year | 40/41 | €250,134 | €261,873 | +€11,739 | +4.7% |
| Trade receivables | 40 | €37,123 | €48,024 | +€10,901 | +29.4% |
| Other amounts receivable | 41 | €213,010 | €213,849 | +€839 | +0.4% |
| Cash at bank and in hand | 54/58 | €3,554 | €18,687 | +€15,133 | +426% |
| Deferred charges and accrued income | 490/1 | €5,173 | €4,161 | -€1,012 | -19.6% |
| Total equity and liabilities | 10/49 | €332,458 | €294,319 | -€38,139 | -11.5% |
| Equity | 10/15 | €169,480 | €60,775 | -€108,705 | -64.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,020 | €40,315 | -€108,705 | -72.9% |
| Amounts payable | 17/49 | €162,977 | €233,544 | +€70,566 | +43.3% |
| Amounts payable after more than one year | 17 | €23,375 | €7,962 | -€15,413 | -65.9% |
| Financial debts | 170/4 | €23,375 | €7,962 | -€15,413 | -65.9% |
| Amounts payable within one year | 42/48 | €139,472 | €224,931 | +€85,459 | +61.3% |
| Current portion of amounts payable after more than one year | 42 | €15,588 | €15,413 | -€175 | -1.1% |
| Trade debts | 44 | €81,300 | €157,436 | +€76,136 | +93.6% |
| Suppliers | 440/4 | €81,300 | €157,436 | +€76,136 | +93.6% |
| Taxes, remuneration and social security | 45 | €35,991 | €17,733 | -€18,257 | -50.7% |
| Taxes | 450/3 | €12,247 | €416 | -€11,832 | -96.6% |
| Remuneration and social security | 454/9 | €23,743 | €17,318 | -€6,426 | -27.1% |
| Other amounts payable | 47/48 | €6,593 | €34,349 | +€27,755 | +421% |
| Accrued charges and deferred income | 492/3 | €130 | €650 | +€520 | +400% |
| Non-recurring operating income | 76A | - | €2,153 | +€2,153 | |
| Remuneration, social security and pensions | 62 | €61,884 | €47,708 | -€14,175 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,787 | €6,408 | -€16,379 | -71.9% |
| Other operating charges | 640/8 | €3,191 | €2,431 | -€760 | -23.8% |
| Gross operating margin | 9900 | €87,758 | -€59,455 | -€147,213 | |
| Operating profit (loss) | 9901 | -€104 | -€116,002 | -€115,898 | -111,655% |
| Financial income | 75/76B | €9,254 | €11,406 | +€2,152 | +23.3% |
| Recurring financial income | 75 | €9,254 | €11,406 | +€2,152 | +23.3% |
| Financial charges | 65/66B | €3,980 | €3,699 | -€281 | -7.0% |
| Recurring financial charges | 65 | €3,980 | €3,699 | -€281 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €5,170 | -€108,295 | -€113,465 | |
| Income taxes | 67/77 | €2,104 | €410 | -€1,694 | -80.5% |
| Profit (loss) for the period | 9904 | €3,066 | -€108,705 | -€111,771 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,066 | -€108,705 | -€111,771 |
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 29 October 2026 via checked.be.