BEST: 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.
What changed
BEST
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€916,227
2024 · €1.7m-€2.6m
Equity
€7.7m
2024 · €8.6m-€916,227
Cash
€151,245
2024 · €112,068+€39,177
Balance sheet total
€35.8m
2024 · €38.2m-€2.3m
Largest movements
Assets
- Tangible fixed assets -€1.9m
down €1.9m (-8.8%), from €22.0m to €20.1m
of which Land and buildings: -€1.9m
- Current investments -€529,989
down €529,989 (-59.7%), from €887,641 to €357,652
Equity and liabilities
- Debts after one year -€741,314
down €741,314 (-4.9%), from €15.2m to €14.5m
of which Financial debts: -€744,639
- Reserves -€687,606
down €687,606 (-16.1%), from €4.3m to €3.6m
of which Tax-exempt reserves: -€687,606
- Short-term financial debts -€450,000
no longer reported in 2025 (was €450,000)
Income statement
- Gross operating margin -€2.6m
down €2.6m (-67.0%), from €3.8m to €1.3m
- Taxes -€217,960
no longer reported in 2025 (was €217,960)
- Financial charges -€124,366
down €124,366 (-29.5%), from €421,028 to €296,662
- Financial income -€46,829
down €46,829 (-99.6%), from €47,007 to €178
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.
Result 2024
€1.7m
Gross operating margin
-€2.6m
Depreciation
+€20,233
Other operating charges
+€19,722
Other operating items
-€924,732
Financial income
-€46,829
Financial charges
+€124,366
Taxes
+€217,960
Deferred taxes and other
+€537,048
Result 2025
-€916,227
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.
From operations
+€220,472
Investment
+€1.1m
Financing
-€1.3m
Cash 2024
€112,068
From operations (derived)
+€220,472
Net result for the year
-€916,227
Depreciation
+€1.1m
Receivables within one year
+€179,115
Provisions
-€219,071
Trade debts
+€79,969
Tax, wage and social debts
+€116,531
Other debts
-€100,399
Investment (derived)
+€1.1m
Investment in fixed assets (net)
+€564,817
Current investments
+€529,989
Financing
-€1.3m
Debts after one year
-€741,314
Current portion of long-term debt
-€84,787
Short-term financial debts
-€450,000
Cash 2025
€151,245
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,152,352 | €35,837,054 | -€2.3m | -6.1% |
| Fixed assets | 21/28 | €32,557,400 | €30,912,029 | -€1.6m | -5.1% |
| Tangible fixed assets | 22/27 | €22,008,404 | €20,063,208 | -€1.9m | -8.8% |
| Land and buildings | 22 | €21,989,266 | €20,048,603 | -€1.9m | -8.8% |
| Furniture and vehicles | 24 | €19,138 | €14,605 | -€4,533 | -23.7% |
| Financial fixed assets | 28 | €10,548,996 | €10,848,821 | +€299,825 | +2.8% |
| Current assets | 29/58 | €5,594,952 | €4,925,025 | -€669,927 | -12.0% |
| Amounts receivable within one year | 40/41 | €4,595,243 | €4,416,128 | -€179,115 | -3.9% |
| Trade receivables | 40 | €30,518 | €43,538 | +€13,020 | +42.7% |
| Other amounts receivable | 41 | €4,564,725 | €4,372,590 | -€192,135 | -4.2% |
| Current investments | 50/53 | €887,641 | €357,652 | -€529,989 | -59.7% |
| Cash at bank and in hand | 54/58 | €112,068 | €151,245 | +€39,177 | +35.0% |
| Total equity and liabilities | 10/49 | €38,152,352 | €35,837,054 | -€2.3m | -6.1% |
| Equity | 10/15 | €8,641,708 | €7,725,481 | -€916,227 | -10.6% |
| Contributions | 10/11 | €746,160 | €746,160 | = | 0.0% |
| Capital | 10 | €746,160 | €746,160 | = | 0.0% |
| Issued capital | 100 | €746,160 | €746,160 | = | 0.0% |
| Revaluation surpluses | 12 | €373,009 | €373,009 | = | 0.0% |
| Reserves | 13 | €4,276,122 | €3,588,516 | -€687,606 | -16.1% |
| Non-distributable reserves | 130/1 | €74,641 | €74,641 | = | 0.0% |
| Legal reserve | 130 | €74,641 | €74,641 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,218,465 | €2,530,859 | -€687,606 | -21.4% |
| Distributable reserves | 133 | €983,016 | €983,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,246,417 | €3,017,796 | -€228,621 | -7.0% |
| Provisions and deferred taxes | 16 | €940,138 | €721,067 | -€219,071 | -23.3% |
| Deferred taxes | 168 | €940,138 | €721,067 | -€219,071 | -23.3% |
| Amounts payable | 17/49 | €28,570,506 | €27,390,506 | -€1.2m | -4.1% |
| Amounts payable after more than one year | 17 | €15,243,970 | €14,502,656 | -€741,314 | -4.9% |
| Financial debts | 170/4 | €15,243,670 | €14,499,031 | -€744,639 | -4.9% |
| Other amounts payable | 178/9 | €300 | €3,625 | +€3,325 | +1108.3% |
| Amounts payable within one year | 42/48 | €13,326,536 | €12,887,850 | -€438,686 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €871,581 | €786,794 | -€84,787 | -9.7% |
| Financial debts | 43 | €450,000 | - | -€450,000 | |
| Credit institutions | 430/8 | €450,000 | - | -€450,000 | |
| Trade debts | 44 | €158,423 | €238,392 | +€79,969 | +50.5% |
| Suppliers | 440/4 | €158,423 | €238,392 | +€79,969 | +50.5% |
| Taxes, remuneration and social security | 45 | €54,917 | €171,448 | +€116,531 | +212.2% |
| Taxes | 450/3 | €54,917 | €171,448 | +€116,531 | +212.2% |
| Other amounts payable | 47/48 | €11,791,615 | €11,691,216 | -€100,399 | -0.9% |
| Non-recurring operating income | 76A | €501 | - | -€501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100,787 | €1,080,554 | -€20,233 | -1.8% |
| Other operating charges | 640/8 | €116,549 | €96,827 | -€19,722 | -16.9% |
| Non-recurring operating charges | 66A | €1,790 | €926,522 | +€924,732 | +51661.0% |
| Gross operating margin | 9900 | €3,828,377 | €1,265,089 | -€2.6m | -67.0% |
| Operating profit (loss) | 9901 | €2,609,251 | -€838,814 | -€3.4m | |
| Financial income | 75/76B | €47,007 | €178 | -€46,829 | -99.6% |
| Recurring financial income | 75 | €47,007 | €178 | -€46,829 | -99.6% |
| Financial charges | 65/66B | €421,028 | €296,662 | -€124,366 | -29.5% |
| Recurring financial charges | 65 | €421,028 | €296,662 | -€124,366 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €2,235,230 | -€1,135,298 | -€3.4m | |
| Transfer from deferred taxes | 780 | €487,922 | €219,071 | -€268,851 | -55.1% |
| Transfer to deferred taxes | 680 | €805,899 | - | -€805,899 | |
| Income taxes | 67/77 | €217,960 | - | -€217,960 | |
| Profit (loss) for the period | 9904 | €1,699,293 | -€916,227 | -€2.6m | |
| Transfer from tax-exempt reserves | 789 | €938,444 | €687,606 | -€250,838 | -26.7% |
| Transfer to tax-exempt reserves | 689 | €2,417,698 | - | -€2.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €220,039 | -€228,621 | -€448,660 |
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 5 October 2026 via checked.be.