BESAP: 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.
BESAP
Largest movements
- Cash +€32,947
up €32,947 (+26.4%), from €124,726 to €157,673
mainly Net result for the year (+€45,984) and Depreciation (+€16,168)
- Tangible fixed assets -€13,823
down €13,823 (-31.7%), from €43,556 to €29,733
of which Furniture and vehicles: -€13,603
- Tax, wage and social debts -€45,740
down €45,740 (-78.4%), from €58,331 to €12,591
of which Taxes: -€45,272
- Reserves +€40,000
up €40,000 (+47.1%), from €85,000 to €125,000
- Advances received +€15,409
new in 2025: €15,409
- Profit (loss) carried forward +€5,984
up €5,984 (+23.3%), from €25,707 to €31,691
- Other debts +€5,613
up €5,613 (+85.6%), from €6,560 to €12,173
- Staff costs +€26,154
up €26,154 (+272.5%), from €9,599 to €35,753
- Other operating charges -€12,013
down €12,013 (-99.2%), from €12,114 to €100
- Taxes -€6,370
down €6,370 (-26.1%), from €24,426 to €18,056
- Gross operating margin +€2,655
up €2,655 (+2.3%), from €114,211 to €116,866
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 | €190,997 | €208,775 | +€17,778 | +9.3% |
| Fixed assets | 21/28 | €43,556 | €29,733 | -€13,823 | -31.7% |
| Tangible fixed assets | 22/27 | €43,556 | €29,733 | -€13,823 | -31.7% |
| Plant, machinery and equipment | 23 | €379 | €159 | -€220 | -58.1% |
| Furniture and vehicles | 24 | €43,177 | €29,574 | -€13,603 | -31.5% |
| Current assets | 29/58 | €147,441 | €179,042 | +€31,601 | +21.4% |
| Amounts receivable within one year | 40/41 | €22,146 | €20,617 | -€1,530 | -6.9% |
| Trade receivables | 40 | €22,146 | €20,617 | -€1,530 | -6.9% |
| Cash at bank and in hand | 54/58 | €124,726 | €157,673 | +€32,947 | +26.4% |
| Deferred charges and accrued income | 490/1 | €569 | €752 | +€184 | +32.3% |
| Total equity and liabilities | 10/49 | €190,997 | €208,775 | +€17,778 | +9.3% |
| Equity | 10/15 | €113,707 | €159,691 | +€45,984 | +40.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €85,000 | €125,000 | +€40,000 | +47.1% |
| Distributable reserves | 133 | €85,000 | €125,000 | +€40,000 | +47.1% |
| Profit (loss) carried forward | 14 | €25,707 | €31,691 | +€5,984 | +23.3% |
| Amounts payable | 17/49 | €77,290 | €49,084 | -€28,206 | -36.5% |
| Amounts payable within one year | 42/48 | €77,290 | €49,084 | -€28,206 | -36.5% |
| Trade debts | 44 | €12,400 | €8,911 | -€3,489 | -28.1% |
| Suppliers | 440/4 | €12,400 | €8,911 | -€3,489 | -28.1% |
| Advances received on contracts in progress | 46 | - | €15,409 | +€15,409 | |
| Taxes, remuneration and social security | 45 | €58,331 | €12,591 | -€45,740 | -78.4% |
| Taxes | 450/3 | €51,701 | €6,429 | -€45,272 | -87.6% |
| Remuneration and social security | 454/9 | €6,629 | €6,161 | -€468 | -7.1% |
| Other amounts payable | 47/48 | €6,560 | €12,173 | +€5,613 | +85.6% |
| Remuneration, social security and pensions | 62 | €9,599 | €35,753 | +€26,154 | +272.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,475 | €16,168 | +€692 | +4.5% |
| Other operating charges | 640/8 | €12,114 | €100 | -€12,013 | -99.2% |
| Gross operating margin | 9900 | €114,211 | €116,866 | +€2,655 | +2.3% |
| Operating profit (loss) | 9901 | €77,023 | €64,845 | -€12,179 | -15.8% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €284 | €805 | +€521 | +183.5% |
| Recurring financial charges | 65 | €284 | €805 | +€521 | +183.5% |
| Profit (loss) for the period before taxes | 9903 | €76,741 | €64,040 | -€12,702 | -16.6% |
| Income taxes | 67/77 | €24,426 | €18,056 | -€6,370 | -26.1% |
| Profit (loss) for the period | 9904 | €52,315 | €45,984 | -€6,331 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,315 | €45,984 | -€6,331 | -12.1% |
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.