BESIR: 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.
BESIR
Largest movements
- Stocks and contracts +€106,587
up €106,587 (+93.0%), from €114,600 to €221,188
- Receivables within one year -€23,710
down €23,710 (-8.9%), from €267,708 to €243,998
of which Trade receivables: -€27,785
- Intangible fixed assets -€20,667
down €20,667 (-10.5%), from €196,339 to €175,672
- Tangible fixed assets -€10,623
down €10,623 (-9.4%), from €112,435 to €101,811
- Profit (loss) carried forward +€105,376
up €105,376, from -€88,955 to €16,421
- Trade debts -€48,936
down €48,936 (-12.9%), from €378,805 to €329,869
- Tax, wage and social debts +€15,638
up €15,638 (+57.3%), from €27,269 to €42,907
of which Taxes: +€21,838
- Other debts -€8,897
down €8,897 (-23.4%), from €38,101 to €29,203
- Staff costs -€35,164
down €35,164 (-75.5%), from €46,546 to €11,383
- Taxes +€11,175
new in 2025: €11,175
- Depreciation +€10,361
up €10,361 (+45.0%), from €23,030 to €33,391
- Financial charges -€3,909
down €3,909 (-24.4%), from €15,998 to €12,089
- Gross operating margin -€1,955
down €1,955 (-1.1%), from €175,331 to €173,377
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 | €694,204 | €744,195 | +€49,991 | +7.2% |
| Fixed assets | 21/28 | €308,774 | €277,483 | -€31,291 | -10.1% |
| Intangible fixed assets | 21 | €196,339 | €175,672 | -€20,667 | -10.5% |
| Tangible fixed assets | 22/27 | €112,435 | €101,811 | -€10,623 | -9.4% |
| Plant, machinery and equipment | 23 | €15,685 | €10,949 | -€4,736 | -30.2% |
| Furniture and vehicles | 24 | €5,384 | €3,968 | -€1,416 | -26.3% |
| Other tangible fixed assets | 26 | €91,366 | €86,894 | -€4,472 | -4.9% |
| Current assets | 29/58 | €385,430 | €466,712 | +€81,282 | +21.1% |
| Stocks and contracts in progress | 3 | €114,600 | €221,188 | +€106,587 | +93.0% |
| Stocks | 30/36 | €114,600 | €221,188 | +€106,587 | +93.0% |
| Amounts receivable within one year | 40/41 | €267,708 | €243,998 | -€23,710 | -8.9% |
| Trade receivables | 40 | €70,321 | €42,536 | -€27,785 | -39.5% |
| Other amounts receivable | 41 | €197,387 | €201,462 | +€4,075 | +2.1% |
| Cash at bank and in hand | 54/58 | €3,122 | €1,171 | -€1,951 | -62.5% |
| Deferred charges and accrued income | 490/1 | - | €355 | +€355 | |
| Total equity and liabilities | 10/49 | €694,204 | €744,195 | +€49,991 | +7.2% |
| Equity | 10/15 | -€86,455 | €18,921 | +€105,376 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,955 | €16,421 | +€105,376 | |
| Amounts payable | 17/49 | €780,659 | €725,274 | -€55,385 | -7.1% |
| Amounts payable after more than one year | 17 | €307,676 | €300,771 | -€6,906 | -2.2% |
| Financial debts | 170/4 | €18,674 | €15,013 | -€3,661 | -19.6% |
| Trade debts | 175 | €289,003 | €285,758 | -€3,245 | -1.1% |
| Amounts payable within one year | 42/48 | €472,983 | €424,504 | -€48,479 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €13,189 | €6,906 | -€6,283 | -47.6% |
| Financial debts | 43 | €15,620 | €15,618 | -€1 | 0.0% |
| Credit institutions | 430/8 | €15,620 | €15,618 | -€1 | 0.0% |
| Trade debts | 44 | €378,805 | €329,869 | -€48,936 | -12.9% |
| Suppliers | 440/4 | €378,805 | €329,869 | -€48,936 | -12.9% |
| Taxes, remuneration and social security | 45 | €27,269 | €42,907 | +€15,638 | +57.3% |
| Taxes | 450/3 | €19,383 | €41,221 | +€21,838 | +112.7% |
| Remuneration and social security | 454/9 | €7,886 | €1,686 | -€6,199 | -78.6% |
| Other amounts payable | 47/48 | €38,101 | €29,203 | -€8,897 | -23.4% |
| Remuneration, social security and pensions | 62 | €46,546 | €11,383 | -€35,164 | -75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,030 | €33,391 | +€10,361 | +45.0% |
| Other operating charges | 640/8 | €1,421 | €105 | -€1,316 | -92.6% |
| Gross operating margin | 9900 | €175,331 | €173,377 | -€1,955 | -1.1% |
| Operating profit (loss) | 9901 | €104,334 | €128,499 | +€24,164 | +23.2% |
| Financial income | 75/76B | €0 | €141 | +€141 | +46970.0% |
| Recurring financial income | 75 | €0 | €141 | +€141 | +46970.0% |
| Financial charges | 65/66B | €15,998 | €12,089 | -€3,909 | -24.4% |
| Recurring financial charges | 65 | €15,998 | €12,089 | -€3,909 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €88,337 | €116,551 | +€28,214 | +31.9% |
| Income taxes | 67/77 | - | €11,175 | +€11,175 | |
| Profit (loss) for the period | 9904 | €88,337 | €105,376 | +€17,039 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,337 | €105,376 | +€17,039 | +19.3% |
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 11 October 2026 via checked.be.