Bezõe: 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.
Bezõe
Largest movements
- Stocks and contracts +€148,295
up €148,295 (+22.3%), from €664,434 to €812,730
- Cash +€29,864
up €29,864 (+60.9%), from €49,007 to €78,870
mainly Trade debts (+€48,165) and Other debts (+€37,011)
- Receivables within one year -€26,421
down €26,421 (-33.8%), from €78,119 to €51,698
of which Other amounts receivable: -€55,661
- Trade debts +€48,165
up €48,165 (+106.4%), from €45,261 to €93,425
- Other debts +€37,011
new in 2025: €37,011
- Tax, wage and social debts +€29,813
up €29,813 (+75.9%), from €39,299 to €69,111
- Accrued charges and deferred income +€18,227
new in 2025: €18,227
- Gross operating margin +€115,311
up €115,311, from -€10,180 to €105,130
- Financial income -€15,411
down €15,411 (-96.6%), from €15,947 to €535
- Other operating charges -€3,498
down €3,498 (-50.6%), from €6,910 to €3,413
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 | €883,198 | €1,026,357 | +€143,159 | +16.2% |
| Fixed assets | 21/28 | €88,134 | €81,581 | -€6,554 | -7.4% |
| Tangible fixed assets | 22/27 | €87,384 | €80,831 | -€6,554 | -7.5% |
| Land and buildings | 22 | €68,175 | €70,190 | +€2,015 | +3.0% |
| Plant, machinery and equipment | 23 | €5,071 | €4,389 | -€683 | -13.5% |
| Furniture and vehicles | 24 | €11,768 | €6,220 | -€5,547 | -47.1% |
| Other tangible fixed assets | 26 | €2,370 | €32 | -€2,339 | -98.7% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €795,064 | €944,776 | +€149,712 | +18.8% |
| Stocks and contracts in progress | 3 | €664,434 | €812,730 | +€148,295 | +22.3% |
| Stocks | 30/36 | €664,434 | €812,730 | +€148,295 | +22.3% |
| Amounts receivable within one year | 40/41 | €78,119 | €51,698 | -€26,421 | -33.8% |
| Trade receivables | 40 | €12,458 | €41,698 | +€29,240 | +234.7% |
| Other amounts receivable | 41 | €65,661 | €10,000 | -€55,661 | -84.8% |
| Cash at bank and in hand | 54/58 | €49,007 | €78,870 | +€29,864 | +60.9% |
| Deferred charges and accrued income | 490/1 | €3,504 | €1,478 | -€2,026 | -57.8% |
| Total equity and liabilities | 10/49 | €883,198 | €1,026,357 | +€143,159 | +16.2% |
| Equity | 10/15 | -€296,829 | -€292,381 | +€4,448 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,959 | €85,959 | = | 0.0% |
| 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 | €84,099 | €84,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€388,987 | -€384,540 | +€4,448 | +1.1% |
| Amounts payable | 17/49 | €1,180,027 | €1,318,738 | +€138,711 | +11.8% |
| Amounts payable within one year | 42/48 | €1,180,027 | €1,300,511 | +€120,484 | +10.2% |
| Financial debts | 43 | €1,095,467 | €1,095,000 | -€467 | 0.0% |
| Credit institutions | 430/8 | €1,095,467 | €1,095,000 | -€467 | 0.0% |
| Trade debts | 44 | €45,261 | €93,425 | +€48,165 | +106.4% |
| Suppliers | 440/4 | €45,261 | €93,425 | +€48,165 | +106.4% |
| Advances received on contracts in progress | 46 | - | €5,963 | +€5,963 | |
| Taxes, remuneration and social security | 45 | €39,299 | €69,111 | +€29,813 | +75.9% |
| Taxes | 450/3 | €39,299 | €69,111 | +€29,813 | +75.9% |
| Other amounts payable | 47/48 | - | €37,011 | +€37,011 | |
| Accrued charges and deferred income | 492/3 | - | €18,227 | +€18,227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,008 | €11,653 | -€355 | -3.0% |
| Other operating charges | 640/8 | €6,910 | €3,413 | -€3,498 | -50.6% |
| Gross operating margin | 9900 | -€10,180 | €105,130 | +€115,311 | |
| Operating profit (loss) | 9901 | -€29,099 | €90,064 | +€119,163 | |
| Financial income | 75/76B | €15,947 | €535 | -€15,411 | -96.6% |
| Recurring financial income | 75 | €15,947 | €535 | -€15,411 | -96.6% |
| Financial charges | 65/66B | €86,661 | €86,152 | -€510 | -0.6% |
| Recurring financial charges | 65 | €86,661 | €86,152 | -€510 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€99,814 | €4,448 | +€104,261 | |
| Profit (loss) for the period | 9904 | -€99,814 | €4,448 | +€104,261 | |
| Profit (loss) for the period to be appropriated | 9905 | -€99,814 | €4,448 | +€104,261 |
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 9 October 2026 via checked.be.