BESHORE: 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.
BESHORE
Largest movements
- Receivables within one year -€105,195
down €105,195 (-52.1%), from €201,763 to €96,568
of which Other amounts receivable: -€102,291
- Tangible fixed assets +€11,176
up €11,176 (+1048.6%), from €1,066 to €12,242
of which Other tangible fixed assets: +€11,481
- Cash +€7,542
up €7,542 (+19.3%), from €39,006 to €46,548
mainly Receivables within one year (+€105,195) and Net result for the year (+€51,045)
- Profit (loss) carried forward -€82,288
down €82,288 (-44.9%), from €183,115 to €100,827
- Tax, wage and social debts -€2,613
down €2,613 (-6.8%), from €38,174 to €35,561
- Gross operating margin -€6,688
down €6,688 (-8.7%), from €76,504 to €69,815
- Financial charges +€1,792
new in 2025: €1,792
- Taxes -€1,325
down €1,325 (-8.3%), from €15,945 to €14,620
- Depreciation -€1,013
down €1,013 (-56.8%), from €1,783 to €770
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 | €241,834 | €155,358 | -€86,476 | -35.8% |
| Fixed assets | 21/28 | €1,066 | €12,242 | +€11,176 | +1048.6% |
| Tangible fixed assets | 22/27 | €1,066 | €12,242 | +€11,176 | +1048.6% |
| Furniture and vehicles | 24 | €305 | - | -€305 | |
| Other tangible fixed assets | 26 | €761 | €12,242 | +€11,481 | +1508.6% |
| Current assets | 29/58 | €240,768 | €143,116 | -€97,652 | -40.6% |
| Amounts receivable within one year | 40/41 | €201,763 | €96,568 | -€105,195 | -52.1% |
| Trade receivables | 40 | €16,456 | €13,552 | -€2,904 | -17.6% |
| Other amounts receivable | 41 | €185,307 | €83,016 | -€102,291 | -55.2% |
| Cash at bank and in hand | 54/58 | €39,006 | €46,548 | +€7,542 | +19.3% |
| Total equity and liabilities | 10/49 | €241,834 | €155,358 | -€86,476 | -35.8% |
| Equity | 10/15 | €201,715 | €119,427 | -€82,288 | -40.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,115 | €100,827 | -€82,288 | -44.9% |
| Amounts payable | 17/49 | €40,119 | €35,931 | -€4,188 | -10.4% |
| Amounts payable within one year | 42/48 | €40,119 | €35,931 | -€4,188 | -10.4% |
| Trade debts | 44 | €1,945 | €370 | -€1,575 | -81.0% |
| Suppliers | 440/4 | €1,945 | €370 | -€1,575 | -81.0% |
| Taxes, remuneration and social security | 45 | €38,174 | €35,561 | -€2,613 | -6.8% |
| Taxes | 450/3 | €38,174 | €35,561 | -€2,613 | -6.8% |
| Remuneration, social security and pensions | 62 | €212 | €702 | +€489 | +230.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,783 | €770 | -€1,013 | -56.8% |
| Other operating charges | 640/8 | €1,208 | €594 | -€614 | -50.9% |
| Non-recurring operating charges | 66A | - | €292 | +€292 | |
| Gross operating margin | 9900 | €76,504 | €69,815 | -€6,688 | -8.7% |
| Operating profit (loss) | 9901 | €73,301 | €67,458 | -€5,843 | -8.0% |
| Financial income | 75/76B | €462 | €0 | -€462 | -100.0% |
| Recurring financial income | 75 | €462 | €0 | -€462 | -100.0% |
| Financial charges | 65/66B | - | €1,792 | +€1,792 | |
| Recurring financial charges | 65 | - | €1,792 | +€1,792 | |
| Profit (loss) for the period before taxes | 9903 | €73,763 | €65,666 | -€8,097 | -11.0% |
| Income taxes | 67/77 | €15,945 | €14,620 | -€1,325 | -8.3% |
| Profit (loss) for the period | 9904 | €57,818 | €51,045 | -€6,772 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,818 | €51,045 | -€6,772 | -11.7% |
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 9 October 2026 via checked.be.