Beshart: 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.
Beshart
Largest movements
- Deferred charges and accrued income +€8,281
up €8,281 (+709.0%), from €1,168 to €9,448
- Receivables within one year -€7,750
down €7,750 (-14.0%), from €55,252 to €47,501
of which Trade receivables: -€8,950
- Cash +€3,085
up €3,085 (+51.2%), from €6,026 to €9,110
mainly Receivables within one year (+€7,750) and Tax, wage and social debts (+€6,739)
- Tangible fixed assets -€1,361
down €1,361 (-20.2%), from €6,747 to €5,385
of which Furniture and vehicles: -€2,287
- Tax, wage and social debts +€6,739
up €6,739 (+57.1%), from €11,808 to €18,547
- Trade debts -€5,904
down €5,904 (-68.6%), from €8,603 to €2,699
- Short-term financial debts +€1,213
up €1,213 (+4.2%), from €29,132 to €30,345
- Gross operating margin -€4,441
down €4,441 (-26.7%), from €16,662 to €12,221
- Taxes -€1,292
down €1,292 (-32.7%), from €3,946 to €2,654
- Depreciation -€955
down €955 (-22.1%), from €4,317 to €3,362
- Financial income -€284
down €284 (-99.8%), from €285 to €0
- Financial charges -€236
down €236 (-5.8%), from €4,044 to €3,808
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 | €71,162 | €73,416 | +€2,254 | +3.2% |
| Fixed assets | 21/28 | €8,717 | €7,355 | -€1,361 | -15.6% |
| Tangible fixed assets | 22/27 | €6,747 | €5,385 | -€1,361 | -20.2% |
| Land and buildings | 22 | €1,264 | €420 | -€845 | -66.8% |
| Plant, machinery and equipment | 23 | - | €1,771 | +€1,771 | |
| Furniture and vehicles | 24 | €5,482 | €3,195 | -€2,287 | -41.7% |
| Financial fixed assets | 28 | €1,970 | €1,970 | = | 0.0% |
| Current assets | 29/58 | €62,445 | €66,060 | +€3,615 | +5.8% |
| Amounts receivable within one year | 40/41 | €55,252 | €47,501 | -€7,750 | -14.0% |
| Trade receivables | 40 | €54,202 | €45,251 | -€8,950 | -16.5% |
| Other amounts receivable | 41 | €1,050 | €2,250 | +€1,200 | +114.3% |
| Cash at bank and in hand | 54/58 | €6,026 | €9,110 | +€3,085 | +51.2% |
| Deferred charges and accrued income | 490/1 | €1,168 | €9,448 | +€8,281 | +709.0% |
| Total equity and liabilities | 10/49 | €71,162 | €73,416 | +€2,254 | +3.2% |
| Equity | 10/15 | €6,806 | €7,213 | +€407 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €640 | €640 | = | 0.0% |
| Non-distributable reserves | 130/1 | €640 | €640 | = | 0.0% |
| Reserves not available under the articles | 1311 | €640 | €640 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,434 | -€12,027 | +€407 | +3.3% |
| Amounts payable | 17/49 | €64,355 | €66,203 | +€1,847 | +2.9% |
| Amounts payable within one year | 42/48 | €64,355 | €66,203 | +€1,847 | +2.9% |
| Financial debts | 43 | €29,132 | €30,345 | +€1,213 | +4.2% |
| Credit institutions | 430/8 | €29,132 | €30,345 | +€1,213 | +4.2% |
| Trade debts | 44 | €8,603 | €2,699 | -€5,904 | -68.6% |
| Suppliers | 440/4 | €8,603 | €2,699 | -€5,904 | -68.6% |
| Taxes, remuneration and social security | 45 | €11,808 | €18,547 | +€6,739 | +57.1% |
| Taxes | 450/3 | €11,808 | €18,547 | +€6,739 | +57.1% |
| Other amounts payable | 47/48 | €14,813 | €14,611 | -€202 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,317 | €3,362 | -€955 | -22.1% |
| Other operating charges | 640/8 | €1,932 | €1,991 | +€58 | +3.0% |
| Gross operating margin | 9900 | €16,662 | €12,221 | -€4,441 | -26.7% |
| Operating profit (loss) | 9901 | €10,413 | €6,869 | -€3,544 | -34.0% |
| Financial income | 75/76B | €285 | €0 | -€284 | -99.8% |
| Recurring financial income | 75 | €285 | €0 | -€284 | -99.8% |
| Financial charges | 65/66B | €4,044 | €3,808 | -€236 | -5.8% |
| Recurring financial charges | 65 | €4,044 | €3,808 | -€236 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €6,653 | €3,061 | -€3,592 | -54.0% |
| Income taxes | 67/77 | €3,946 | €2,654 | -€1,292 | -32.7% |
| Profit (loss) for the period | 9904 | €2,706 | €407 | -€2,300 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,706 | €407 | -€2,300 | -85.0% |
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 7 October 2026 via checked.be.