BESO: 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.
BESO
Largest movements
- Cash -€120,679
down €120,679 (-65.6%), from €183,992 to €63,313
mainly Contributions, distributions and other (-€588,598) and Current investments (-€101,013)
- Current investments +€101,013
new in 2025: €101,013
- Receivables within one year +€38,288
up €38,288 (+13.9%), from €275,141 to €313,429
of which Other amounts receivable: +€38,389
- Tangible fixed assets -€28,488
down €28,488 (-7.4%), from €382,828 to €354,340
of which Furniture and vehicles: -€16,470
- Reserves -€524,865
down €524,865 (-100.0%), from €524,865 to €0
- Other debts +€462,208
up €462,208 (+1643.9%), from €28,116 to €490,325
- Tax, wage and social debts +€84,888
up €84,888 (+602.1%), from €14,098 to €98,986
- Debts after one year -€28,931
down €28,931 (-12.2%), from €236,847 to €207,916
- Gross operating margin +€41,675
up €41,675 (+61.0%), from €68,371 to €110,046
- Depreciation -€11,490
down €11,490 (-31.8%), from €36,116 to €24,626
- Taxes +€8,770
up €8,770 (+113.4%), from €7,733 to €16,504
- Other operating charges -€1,698
down €1,698 (-48.5%), from €3,498 to €1,801
- Financial income +€1,449
up €1,449, from €0 to €1,449
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 | €844,063 | €833,490 | -€10,573 | -1.3% |
| Fixed assets | 21/28 | €382,828 | €354,340 | -€28,488 | -7.4% |
| Tangible fixed assets | 22/27 | €382,828 | €354,340 | -€28,488 | -7.4% |
| Land and buildings | 22 | €312,873 | €304,843 | -€8,030 | -2.6% |
| Plant, machinery and equipment | 23 | €1,014 | €0 | -€1,014 | -100.0% |
| Furniture and vehicles | 24 | €56,467 | €39,997 | -€16,470 | -29.2% |
| Other tangible fixed assets | 26 | €12,474 | €9,500 | -€2,974 | -23.8% |
| Current assets | 29/58 | €461,235 | €479,150 | +€17,914 | +3.9% |
| Amounts receivable within one year | 40/41 | €275,141 | €313,429 | +€38,288 | +13.9% |
| Trade receivables | 40 | €18,576 | €18,475 | -€101 | -0.5% |
| Other amounts receivable | 41 | €256,566 | €294,954 | +€38,389 | +15.0% |
| Current investments | 50/53 | - | €101,013 | +€101,013 | |
| Cash at bank and in hand | 54/58 | €183,992 | €63,313 | -€120,679 | -65.6% |
| Deferred charges and accrued income | 490/1 | €2,102 | €1,394 | -€708 | -33.7% |
| Total equity and liabilities | 10/49 | €844,063 | €833,490 | -€10,573 | -1.3% |
| Equity | 10/15 | €526,865 | €2,000 | -€524,865 | -99.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €524,865 | €0 | -€524,865 | -100.0% |
| Distributable reserves | 133 | €524,865 | €0 | -€524,865 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €317,198 | €831,490 | +€514,292 | +162.1% |
| Amounts payable after more than one year | 17 | €236,847 | €207,916 | -€28,931 | -12.2% |
| Financial debts | 170/4 | €236,847 | €207,916 | -€28,931 | -12.2% |
| Amounts payable within one year | 42/48 | €78,771 | €621,994 | +€543,223 | +689.6% |
| Current portion of amounts payable after more than one year | 42 | €34,830 | €30,410 | -€4,420 | -12.7% |
| Trade debts | 44 | €1,727 | €2,274 | +€547 | +31.6% |
| Suppliers | 440/4 | €1,727 | €2,274 | +€547 | +31.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,098 | €98,986 | +€84,888 | +602.1% |
| Taxes | 450/3 | €14,098 | €98,986 | +€84,888 | +602.1% |
| Other amounts payable | 47/48 | €28,116 | €490,325 | +€462,208 | +1643.9% |
| Accrued charges and deferred income | 492/3 | €1,580 | €1,580 | = | 0.0% |
| Non-recurring operating income | 76A | - | €19,904 | +€19,904 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,116 | €24,626 | -€11,490 | -31.8% |
| Other operating charges | 640/8 | €3,498 | €1,801 | -€1,698 | -48.5% |
| Gross operating margin | 9900 | €68,371 | €110,046 | +€41,675 | +61.0% |
| Operating profit (loss) | 9901 | €28,756 | €83,619 | +€54,863 | +190.8% |
| Financial income | 75/76B | €0 | €1,449 | +€1,449 | |
| Recurring financial income | 75 | €0 | €1,449 | +€1,449 | |
| Financial charges | 65/66B | €4,900 | €4,832 | -€68 | -1.4% |
| Recurring financial charges | 65 | €4,900 | €4,832 | -€68 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €23,856 | €80,236 | +€56,380 | +236.3% |
| Income taxes | 67/77 | €7,733 | €16,504 | +€8,770 | +113.4% |
| Profit (loss) for the period | 9904 | €16,123 | €63,733 | +€47,610 | +295.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,123 | €63,733 | +€47,610 | +295.3% |
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.