BESTA: 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.
BESTA
Largest movements
- Tangible fixed assets +€181,933
up €181,933 (+18.8%), from €967,657 to €1.1m
of which Land and buildings: +€148,710
- Current investments -€34,385
down €34,385 (-17.2%), from €200,330 to €165,945
- Cash +€20,273
up €20,273 (+40.8%), from €49,714 to €69,988
mainly Debts after one year (+€129,586) and Depreciation (+€97,429)
- Receivables within one year -€17,739
down €17,739 (-81.7%), from €21,700 to €3,962
of which Trade receivables: -€14,102
- Debts after one year +€129,586
up €129,586 (+12.1%), from €1.1m to €1.2m
- Reserves +€22,500
up €22,500 (+1209.7%), from €1,860 to €24,360
of which Distributable reserves: +€22,500
- Gross operating margin +€61,421
up €61,421 (+64.8%), from €94,786 to €156,207
- Depreciation +€24,113
up €24,113 (+32.9%), from €73,316 to €97,429
- Financial charges +€8,061
up €8,061 (+39.5%), from €20,418 to €28,479
- Financial income -€6,938
down €6,938 (-68.4%), from €10,147 to €3,208
- Taxes +€2,819
new in 2025: €2,819
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 | €1,239,547 | €1,391,605 | +€152,058 | +12.3% |
| Fixed assets | 21/28 | €967,657 | €1,149,590 | +€181,933 | +18.8% |
| Tangible fixed assets | 22/27 | €967,657 | €1,149,590 | +€181,933 | +18.8% |
| Land and buildings | 22 | €966,013 | €1,114,723 | +€148,710 | +15.4% |
| Plant, machinery and equipment | 23 | €1,644 | €2,187 | +€543 | +33.0% |
| Furniture and vehicles | 24 | - | €28,277 | +€28,277 | |
| Other tangible fixed assets | 26 | - | €4,403 | +€4,403 | |
| Current assets | 29/58 | €271,890 | €242,014 | -€29,876 | -11.0% |
| Amounts receivable within one year | 40/41 | €21,700 | €3,962 | -€17,739 | -81.7% |
| Trade receivables | 40 | €16,017 | €1,915 | -€14,102 | -88.0% |
| Other amounts receivable | 41 | €5,683 | €2,047 | -€3,637 | -64.0% |
| Current investments | 50/53 | €200,330 | €165,945 | -€34,385 | -17.2% |
| Cash at bank and in hand | 54/58 | €49,714 | €69,988 | +€20,273 | +40.8% |
| Deferred charges and accrued income | 490/1 | €145 | €2,120 | +€1,975 | +1361.2% |
| Total equity and liabilities | 10/49 | €1,239,547 | €1,391,605 | +€152,058 | +12.3% |
| Equity | 10/15 | -€188,097 | -€164,496 | +€23,601 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €24,360 | +€22,500 | +1209.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €22,500 | +€22,500 | |
| Profit (loss) carried forward | 14 | -€196,157 | -€195,056 | +€1,101 | +0.6% |
| Amounts payable | 17/49 | €1,427,644 | €1,556,101 | +€128,456 | +9.0% |
| Amounts payable after more than one year | 17 | €1,069,715 | €1,199,301 | +€129,586 | +12.1% |
| Financial debts | 170/4 | €1,069,715 | €1,199,301 | +€129,586 | +12.1% |
| Amounts payable within one year | 42/48 | €357,263 | €355,272 | -€1,990 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €78,225 | €66,843 | -€11,382 | -14.6% |
| Trade debts | 44 | €19,543 | €14,292 | -€5,251 | -26.9% |
| Suppliers | 440/4 | €19,543 | €14,292 | -€5,251 | -26.9% |
| Taxes, remuneration and social security | 45 | €257 | €11,006 | +€10,749 | +4185.8% |
| Taxes | 450/3 | €257 | €11,006 | +€10,749 | +4185.8% |
| Other amounts payable | 47/48 | €259,238 | €263,132 | +€3,894 | +1.5% |
| Accrued charges and deferred income | 492/3 | €666 | €1,527 | +€861 | +129.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,316 | €97,429 | +€24,113 | +32.9% |
| Other operating charges | 640/8 | €7,752 | €7,087 | -€665 | -8.6% |
| Gross operating margin | 9900 | €94,786 | €156,207 | +€61,421 | +64.8% |
| Operating profit (loss) | 9901 | €13,718 | €51,691 | +€37,973 | +276.8% |
| Financial income | 75/76B | €10,147 | €3,208 | -€6,938 | -68.4% |
| Recurring financial income | 75 | €10,147 | €3,208 | -€6,938 | -68.4% |
| Financial charges | 65/66B | €20,418 | €28,479 | +€8,061 | +39.5% |
| Recurring financial charges | 65 | €20,418 | €28,479 | +€8,061 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €3,447 | €26,420 | +€22,974 | +666.6% |
| Income taxes | 67/77 | - | €2,819 | +€2,819 | |
| Profit (loss) for the period | 9904 | €3,447 | €23,601 | +€20,155 | +584.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,447 | €23,601 | +€20,155 | +584.8% |
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 4 October 2026 via checked.be.