BeSMC: 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.
BeSMC
Largest movements
- Cash +€65,698
up €65,698 (+66.0%), from €99,585 to €165,283
mainly Net result for the year (+€72,015) and Tax, wage and social debts (+€9,023)
- Receivables within one year +€11,241
up €11,241 (+34.7%), from €32,379 to €43,620
of which Trade receivables: +€14,140
- Profit (loss) carried forward +€72,015
up €72,015 (+160.7%), from €44,818 to €116,833
- Tax, wage and social debts +€9,023
new in 2025: €9,023
- Other debts -€4,843
down €4,843 (-4.9%), from €99,320 to €94,478
- Gross operating margin +€35,255
up €35,255 (+53.4%), from €66,063 to €101,318
- Taxes +€12,617
up €12,617 (+94.1%), from €13,406 to €26,023
- Depreciation -€3,932
down €3,932 (-64.3%), from €6,118 to €2,186
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 | €145,574 | €221,775 | +€76,202 | +52.3% |
| Fixed assets | 21/28 | €12,322 | €11,388 | -€935 | -7.6% |
| Tangible fixed assets | 22/27 | €12,172 | €11,238 | -€935 | -7.7% |
| Plant, machinery and equipment | 23 | €720 | €1,317 | +€596 | +82.8% |
| Furniture and vehicles | 24 | €11,452 | €9,921 | -€1,531 | -13.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €133,252 | €210,388 | +€77,136 | +57.9% |
| Amounts receivable within one year | 40/41 | €32,379 | €43,620 | +€11,241 | +34.7% |
| Trade receivables | 40 | €25,557 | €39,697 | +€14,140 | +55.3% |
| Other amounts receivable | 41 | €6,822 | €3,923 | -€2,899 | -42.5% |
| Cash at bank and in hand | 54/58 | €99,585 | €165,283 | +€65,698 | +66.0% |
| Deferred charges and accrued income | 490/1 | €1,287 | €1,485 | +€197 | +15.3% |
| Total equity and liabilities | 10/49 | €145,574 | €221,775 | +€76,202 | +52.3% |
| Equity | 10/15 | €44,819 | €116,834 | +€72,015 | +160.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,818 | €116,833 | +€72,015 | +160.7% |
| Amounts payable | 17/49 | €100,755 | €104,941 | +€4,187 | +4.2% |
| Amounts payable within one year | 42/48 | €100,755 | €104,941 | +€4,187 | +4.2% |
| Trade debts | 44 | €1,434 | €1,441 | +€7 | +0.5% |
| Suppliers | 440/4 | €1,434 | €1,441 | +€7 | +0.5% |
| Taxes, remuneration and social security | 45 | - | €9,023 | +€9,023 | |
| Taxes | 450/3 | - | €9,023 | +€9,023 | |
| Other amounts payable | 47/48 | €99,320 | €94,478 | -€4,843 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,118 | €2,186 | -€3,932 | -64.3% |
| Other operating charges | 640/8 | €1,606 | €929 | -€677 | -42.2% |
| Gross operating margin | 9900 | €66,063 | €101,318 | +€35,255 | +53.4% |
| Operating profit (loss) | 9901 | €58,339 | €98,202 | +€39,864 | +68.3% |
| Financial income | 75/76B | €3 | €4 | +€1 | +47.2% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +47.2% |
| Financial charges | 65/66B | €118 | €169 | +€51 | +43.6% |
| Recurring financial charges | 65 | €118 | €169 | +€51 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €58,224 | €98,038 | +€39,814 | +68.4% |
| Income taxes | 67/77 | €13,406 | €26,023 | +€12,617 | +94.1% |
| Profit (loss) for the period | 9904 | €44,818 | €72,015 | +€27,197 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,818 | €72,015 | +€27,197 | +60.7% |
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 7 October 2026 via checked.be.