BEST: 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.
BEST
Largest movements
- Current investments +€350,000
up €350,000 (+100%), from €350,000 to €700,000
- Receivables within one year +€170,721
up €170,721 (+96.2%), from €177,442 to €348,163
of which Trade receivables: +€120,674
- Receivables after one year -€107,675
down €107,675 (-51.8%), from €207,723 to €100,048
- Cash -€103,001
down €103,001 (-40.6%), from €253,905 to €150,904
mainly Current investments (-€350,000) and Contributions, distributions and other (-€200,000)
- Tangible fixed assets +€51,712
up €51,712 (+59.8%), from €86,502 to €138,214
of which Plant, machinery and equipment: +€45,153
- Profit (loss) carried forward +€233,329
up €233,329 (+52.7%), from €442,400 to €675,729
- Trade debts +€201,351
up €201,351 (+32.6%), from €618,381 to €819,731
- Tax, wage and social debts -€37,207
down €37,207 (-30.1%), from €123,708 to €86,501
of which Taxes: -€46,211
- Debts after one year -€24,000
down €24,000 (-16.7%), from €144,000 to €120,000
- Gross operating margin -€99,853
down €99,853 (-8.3%), from €1.2m to €1.1m
- Staff costs +€55,341
up €55,341 (+12.2%), from €453,135 to €508,476
- Taxes -€39,485
down €39,485 (-21.5%), from €183,288 to €143,802
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.
Derived cash bridge
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 | €1,624,590 | €2,007,377 | +€382,788 | +23.6% |
| Fixed assets | 21/28 | €87,035 | €138,747 | +€51,712 | +59.4% |
| Tangible fixed assets | 22/27 | €86,502 | €138,214 | +€51,712 | +59.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €56,160 | €101,313 | +€45,153 | +80.4% |
| Furniture and vehicles | 24 | €1,209 | €904 | -€305 | -25.2% |
| Other tangible fixed assets | 26 | €29,133 | €35,996 | +€6,863 | +23.6% |
| Financial fixed assets | 28 | €533 | €533 | = | 0.0% |
| Current assets | 29/58 | €1,537,555 | €1,868,631 | +€331,076 | +21.5% |
| Amounts receivable after more than one year | 29 | €207,723 | €100,048 | -€107,675 | -51.8% |
| Other amounts receivable | 291 | €207,723 | €100,048 | -€107,675 | -51.8% |
| Stocks and contracts in progress | 3 | €542,234 | €567,423 | +€25,189 | +4.6% |
| Stocks | 30/36 | €542,234 | €567,423 | +€25,189 | +4.6% |
| Amounts receivable within one year | 40/41 | €177,442 | €348,163 | +€170,721 | +96.2% |
| Trade receivables | 40 | €108,790 | €229,464 | +€120,674 | +111% |
| Other amounts receivable | 41 | €68,652 | €118,699 | +€50,047 | +72.9% |
| Current investments | 50/53 | €350,000 | €700,000 | +€350,000 | +100% |
| Cash at bank and in hand | 54/58 | €253,905 | €150,904 | -€103,001 | -40.6% |
| Deferred charges and accrued income | 490/1 | €6,251 | €2,093 | -€4,158 | -66.5% |
| Total equity and liabilities | 10/49 | €1,624,590 | €2,007,377 | +€382,788 | +23.6% |
| Equity | 10/15 | €510,600 | €743,929 | +€233,329 | +45.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €442,400 | €675,729 | +€233,329 | +52.7% |
| Amounts payable | 17/49 | €1,113,990 | €1,263,449 | +€149,459 | +13.4% |
| Amounts payable after more than one year | 17 | €144,000 | €120,000 | -€24,000 | -16.7% |
| Other amounts payable | 178/9 | €144,000 | €120,000 | -€24,000 | -16.7% |
| Amounts payable within one year | 42/48 | €968,288 | €1,132,682 | +€164,394 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €24,000 | €24,000 | = | 0.0% |
| Trade debts | 44 | €618,381 | €819,731 | +€201,351 | +32.6% |
| Suppliers | 440/4 | €618,381 | €819,731 | +€201,351 | +32.6% |
| Advances received on contracts in progress | 46 | €2,200 | €2,450 | +€250 | +11.4% |
| Taxes, remuneration and social security | 45 | €123,708 | €86,501 | -€37,207 | -30.1% |
| Taxes | 450/3 | €70,016 | €23,805 | -€46,211 | -66.0% |
| Remuneration and social security | 454/9 | €53,691 | €62,696 | +€9,004 | +16.8% |
| Other amounts payable | 47/48 | €200,000 | €200,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,701 | €10,766 | +€9,065 | +533% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €453,135 | €508,476 | +€55,341 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,764 | €23,371 | +€4,607 | +24.5% |
| Other operating charges | 640/8 | €13,138 | €3,135 | -€10,003 | -76.1% |
| Non-recurring operating charges | 66A | €2,974 | €0 | -€2,974 | -100% |
| Gross operating margin | 9900 | €1,206,805 | €1,106,952 | -€99,853 | -8.3% |
| Operating profit (loss) | 9901 | €718,794 | €571,971 | -€146,823 | -20.4% |
| Financial income | 75/76B | €20,594 | €11,426 | -€9,168 | -44.5% |
| Recurring financial income | 75 | €20,594 | €11,426 | -€9,168 | -44.5% |
| Financial charges | 65/66B | €6,933 | €6,266 | -€667 | -9.6% |
| Recurring financial charges | 65 | €6,933 | €6,266 | -€667 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €732,455 | €577,131 | -€155,324 | -21.2% |
| Income taxes | 67/77 | €183,288 | €143,802 | -€39,485 | -21.5% |
| Profit (loss) for the period | 9904 | €549,167 | €433,329 | -€115,838 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €549,167 | €433,329 | -€115,838 | -21.1% |
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 15 October 2026 via checked.be.