Best First PM: 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 First PM
Largest movements
- Receivables within one year +€39,065
up €39,065 (+24.9%), from €157,164 to €196,228
of which Other amounts receivable: +€42,682
- Cash +€23,187
up €23,187 (+300%), from €7,741 to €30,928
mainly Net result for the year (+€50,385) and Depreciation (+€7,516)
- Tangible fixed assets -€6,216
down €6,216 (-35.4%), from €17,546 to €11,330
of which Furniture and vehicles: -€4,312
- Deferred charges and accrued income +€5,599
up €5,599 (+814%), from €688 to €6,287
- Reserves +€50,385
up €50,385 (+35.3%), from €142,779 to €193,164
- Tax, wage and social debts +€7,302
up €7,302 (+29.5%), from €24,773 to €32,075
of which Taxes: +€7,756
- Trade debts +€3,948
up €3,948 (+33.3%), from €11,839 to €15,787
- Staff costs +€61,768
up €61,768 (+196%), from €31,551 to €93,320
- Gross operating margin +€18,045
up €18,045 (+12.5%), from €144,721 to €162,766
- Taxes -€7,305
down €7,305 (-34.3%), from €21,300 to €13,995
- Financial income +€4,748
up €4,748 (+98.0%), from €4,847 to €9,595
- Other operating charges +€1,808
up €1,808 (+300%), from €602 to €2,410
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 | €183,391 | €245,026 | +€61,635 | +33.6% |
| Fixed assets | 21/28 | €17,799 | €11,583 | -€6,216 | -34.9% |
| Tangible fixed assets | 22/27 | €17,546 | €11,330 | -€6,216 | -35.4% |
| Plant, machinery and equipment | 23 | €7,321 | €5,417 | -€1,904 | -26.0% |
| Furniture and vehicles | 24 | €10,225 | €5,913 | -€4,312 | -42.2% |
| Financial fixed assets | 28 | €253 | €253 | = | 0.0% |
| Current assets | 29/58 | €165,592 | €233,443 | +€67,851 | +41.0% |
| Amounts receivable within one year | 40/41 | €157,164 | €196,228 | +€39,065 | +24.9% |
| Trade receivables | 40 | €15,303 | €11,685 | -€3,618 | -23.6% |
| Other amounts receivable | 41 | €141,861 | €184,543 | +€42,682 | +30.1% |
| Cash at bank and in hand | 54/58 | €7,741 | €30,928 | +€23,187 | +300% |
| Deferred charges and accrued income | 490/1 | €688 | €6,287 | +€5,599 | +814% |
| Total equity and liabilities | 10/49 | €183,391 | €245,026 | +€61,635 | +33.6% |
| Equity | 10/15 | €146,779 | €197,164 | +€50,385 | +34.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €142,779 | €193,164 | +€50,385 | +35.3% |
| Distributable reserves | 133 | €142,779 | €193,164 | +€50,385 | +35.3% |
| Amounts payable | 17/49 | €36,612 | €47,862 | +€11,250 | +30.7% |
| Amounts payable within one year | 42/48 | €36,612 | €47,862 | +€11,250 | +30.7% |
| Trade debts | 44 | €11,839 | €15,787 | +€3,948 | +33.3% |
| Suppliers | 440/4 | €11,839 | €15,787 | +€3,948 | +33.3% |
| Taxes, remuneration and social security | 45 | €24,773 | €32,075 | +€7,302 | +29.5% |
| Taxes | 450/3 | €21,511 | €29,267 | +€7,756 | +36.1% |
| Remuneration and social security | 454/9 | €3,262 | €2,808 | -€454 | -13.9% |
| Remuneration, social security and pensions | 62 | €31,551 | €93,320 | +€61,768 | +196% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,695 | €7,516 | -€1,179 | -13.6% |
| Other operating charges | 640/8 | €602 | €2,410 | +€1,808 | +300% |
| Gross operating margin | 9900 | €144,721 | €162,766 | +€18,045 | +12.5% |
| Operating profit (loss) | 9901 | €103,872 | €59,520 | -€44,352 | -42.7% |
| Financial income | 75/76B | €4,847 | €9,595 | +€4,748 | +98.0% |
| Recurring financial income | 75 | €4,847 | €9,595 | +€4,748 | +98.0% |
| Financial charges | 65/66B | €4,045 | €4,736 | +€691 | +17.1% |
| Recurring financial charges | 65 | €4,045 | €4,736 | +€691 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €104,674 | €64,380 | -€40,294 | -38.5% |
| Income taxes | 67/77 | €21,300 | €13,995 | -€7,305 | -34.3% |
| Profit (loss) for the period | 9904 | €83,374 | €50,385 | -€32,990 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,374 | €50,385 | -€32,990 | -39.6% |
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 19 October 2026 via checked.be.