BESES: 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.
BESES
Largest movements
- Receivables within one year +€12,108
up €12,108 (+1,061%), from €1,141 to €13,249
of which Trade receivables: +€10,752
- Tangible fixed assets -€4,338
down €4,338 (-26.0%), from €16,673 to €12,335
- Cash -€3,113
down €3,113 (-49.0%), from €6,359 to €3,246
mainly Receivables within one year (-€12,108) and Trade debts (-€2,144)
- Profit (loss) carried forward +€4,660
up €4,660 (+37.7%), from €12,355 to €17,015
- Trade debts -€2,144
down €2,144 (-50.2%), from €4,270 to €2,126
of which Bills of exchange payable: -€3,918
- Tax, wage and social debts +€1,259
up €1,259 (+39.1%), from €3,222 to €4,481
- Other debts +€882
up €882 (+66.5%), from €1,327 to €2,209
- Gross operating margin -€5,113
down €5,113 (-31.5%), from €16,254 to €11,141
- Depreciation +€3,660
up €3,660 (+540%), from €677 to €4,338
- Taxes -€1,963
down €1,963 (-60.9%), from €3,222 to €1,259
- Other operating charges +€782
new in 2025: €782
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 | €24,173 | €28,830 | +€4,657 | +19.3% |
| Fixed assets | 21/28 | €16,673 | €12,335 | -€4,338 | -26.0% |
| Tangible fixed assets | 22/27 | €16,673 | €12,335 | -€4,338 | -26.0% |
| Furniture and vehicles | 24 | €16,673 | €12,335 | -€4,338 | -26.0% |
| Current assets | 29/58 | €7,501 | €16,495 | +€8,994 | +120% |
| Amounts receivable within one year | 40/41 | €1,141 | €13,249 | +€12,108 | +1,061% |
| Trade receivables | 40 | €1,018 | €11,770 | +€10,752 | +1,056% |
| Other amounts receivable | 41 | €123 | €1,479 | +€1,356 | +1,101% |
| Cash at bank and in hand | 54/58 | €6,359 | €3,246 | -€3,113 | -49.0% |
| Total equity and liabilities | 10/49 | €24,173 | €28,830 | +€4,657 | +19.3% |
| Equity | 10/15 | €15,355 | €20,015 | +€4,660 | +30.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,355 | €17,015 | +€4,660 | +37.7% |
| Amounts payable | 17/49 | €8,819 | €8,815 | -€3 | 0.0% |
| Amounts payable within one year | 42/48 | €8,819 | €8,815 | -€3 | 0.0% |
| Trade debts | 44 | €4,270 | €2,126 | -€2,144 | -50.2% |
| Suppliers | 440/4 | €352 | €2,126 | +€1,774 | +504% |
| Bills of exchange payable | 441 | €3,918 | - | -€3,918 | |
| Taxes, remuneration and social security | 45 | €3,222 | €4,481 | +€1,259 | +39.1% |
| Taxes | 450/3 | €3,222 | €4,481 | +€1,259 | +39.1% |
| Other amounts payable | 47/48 | €1,327 | €2,209 | +€882 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €677 | €4,338 | +€3,660 | +540% |
| Other operating charges | 640/8 | - | €782 | +€782 | |
| Gross operating margin | 9900 | €16,254 | €11,141 | -€5,113 | -31.5% |
| Operating profit (loss) | 9901 | €15,577 | €6,021 | -€9,556 | -61.3% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €0 | €115 | +€114 | +57,230% |
| Recurring financial charges | 65 | €0 | €115 | +€114 | +57,230% |
| Profit (loss) for the period before taxes | 9903 | €15,577 | €5,919 | -€9,658 | -62.0% |
| Income taxes | 67/77 | €3,222 | €1,259 | -€1,963 | -60.9% |
| Profit (loss) for the period | 9904 | €12,355 | €4,660 | -€7,695 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,355 | €4,660 | -€7,695 | -62.3% |
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 20 October 2026 via checked.be.