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.
BEST
Largest movements
- Cash -€75,524
down €75,524 (-17.0%), from €443,160 to €367,636
mainly Net result for the year (-€43,045) and Receivables within one year (-€15,428)
- Receivables within one year +€15,428
up €15,428 (+10.4%), from €148,643 to €164,072
- Tangible fixed assets +€10,912
up €10,912 (+42.2%), from €25,835 to €36,747
of which Land and buildings: +€10,912
- Profit (loss) carried forward -€43,045
down €43,045 (-57.1%), from -€75,332 to -€118,378
- Taxes +€54,762
up €54,762 (+640.1%), from €8,556 to €63,318
- Depreciation -€8,351
down €8,351 (-92.7%), from €9,008 to €658
- Financial income +€3,063
up €3,063 (+79.3%), from €3,861 to €6,924
- Gross operating margin -€1,628
down €1,628 (-8.9%), from €18,233 to €16,605
- Other operating charges +€950
up €950 (+59.9%), from €1,587 to €2,537
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 | €617,638 | €568,455 | -€49,183 | -8.0% |
| Fixed assets | 21/28 | €25,835 | €36,747 | +€10,912 | +42.2% |
| Tangible fixed assets | 22/27 | €25,835 | €36,747 | +€10,912 | +42.2% |
| Land and buildings | 22 | €25,835 | €36,747 | +€10,912 | +42.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €591,803 | €531,708 | -€60,095 | -10.2% |
| Amounts receivable within one year | 40/41 | €148,643 | €164,072 | +€15,428 | +10.4% |
| Other amounts receivable | 41 | €148,643 | €164,072 | +€15,428 | +10.4% |
| Cash at bank and in hand | 54/58 | €443,160 | €367,636 | -€75,524 | -17.0% |
| Total equity and liabilities | 10/49 | €617,638 | €568,455 | -€49,183 | -8.0% |
| Equity | 10/15 | €608,286 | €565,241 | -€43,045 | -7.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €583,618 | €583,618 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,003 | €8,003 | = | 0.0% |
| Legal reserve | 130 | €8,003 | €8,003 | = | 0.0% |
| Distributable reserves | 133 | €575,615 | €575,615 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,332 | -€118,378 | -€43,045 | -57.1% |
| Amounts payable | 17/49 | €9,352 | €3,214 | -€6,138 | -65.6% |
| Amounts payable within one year | 42/48 | €9,352 | €3,214 | -€6,138 | -65.6% |
| Trade debts | 44 | €9,352 | €3,214 | -€6,138 | -65.6% |
| Suppliers | 440/4 | €9,352 | €3,214 | -€6,138 | -65.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,008 | €658 | -€8,351 | -92.7% |
| Other operating charges | 640/8 | €1,587 | €2,537 | +€950 | +59.9% |
| Non-recurring operating charges | 66A | €252 | €0 | -€252 | -100.0% |
| Gross operating margin | 9900 | €18,233 | €16,605 | -€1,628 | -8.9% |
| Operating profit (loss) | 9901 | €7,386 | €13,410 | +€6,024 | +81.6% |
| Financial income | 75/76B | €3,861 | €6,924 | +€3,063 | +79.3% |
| Recurring financial income | 75 | €3,861 | €6,924 | +€3,063 | +79.3% |
| Financial charges | 65/66B | €583 | €61 | -€521 | -89.5% |
| Recurring financial charges | 65 | €583 | €61 | -€521 | -89.5% |
| Profit (loss) for the period before taxes | 9903 | €10,664 | €20,272 | +€9,608 | +90.1% |
| Income taxes | 67/77 | €8,556 | €63,318 | +€54,762 | +640.1% |
| Profit (loss) for the period | 9904 | €2,109 | -€43,045 | -€45,154 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,109 | -€43,045 | -€45,154 |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.