LE BESTIN: 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.
LE BESTIN
Largest movements
- Tangible fixed assets +€8.4m
up €8.4m (+48.2%), from €17.4m to €25.7m
of which Land and buildings: +€8.3m
- Cash +€1.1m
up €1.1m (+44,956%), from €2,365 to €1.1m
mainly Debts after one year (+€7.6m) and Other debts (+€1.3m)
- Debts after one year +€7.6m
up €7.6m (+161%), from €4.7m to €12.2m
- Other debts +€1.3m
up €1.3m (+11.0%), from €11.4m to €12.6m
- Trade debts +€383,161
up €383,161 (+1,931%), from €19,839 to €403,000
- Gross operating margin +€1.3m
up €1.3m, from -€269,060 to €1.1m
- Financial charges +€273,566
up €273,566 (+693%), from €39,467 to €313,033
- Depreciation +€248,129
up €248,129 (+174%), from €142,846 to €390,975
- Staff costs -€24,628
down €24,628 (-14.9%), from €165,062 to €140,433
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 | €17,919,906 | €27,483,100 | +€9.6m | +53.4% |
| Fixed assets | 21/28 | €17,350,198 | €25,711,473 | +€8.4m | +48.2% |
| Tangible fixed assets | 22/27 | €17,350,198 | €25,711,473 | +€8.4m | +48.2% |
| Land and buildings | 22 | €17,230,210 | €25,532,271 | +€8.3m | +48.2% |
| Plant, machinery and equipment | 23 | €71,503 | €70,060 | -€1,443 | -2.0% |
| Furniture and vehicles | 24 | €48,484 | €109,142 | +€60,657 | +125% |
| Current assets | 29/58 | €569,708 | €1,771,628 | +€1.2m | +211% |
| Amounts receivable within one year | 40/41 | €543,781 | €677,973 | +€134,191 | +24.7% |
| Trade receivables | 40 | €129,889 | €614,473 | +€484,583 | +373% |
| Other amounts receivable | 41 | €413,892 | €63,500 | -€350,392 | -84.7% |
| Cash at bank and in hand | 54/58 | €2,365 | €1,065,725 | +€1.1m | +44,956% |
| Deferred charges and accrued income | 490/1 | €23,562 | €27,930 | +€4,368 | +18.5% |
| Total equity and liabilities | 10/49 | €17,919,906 | €27,483,100 | +€9.6m | +53.4% |
| Equity | 10/15 | €1,695,764 | €1,899,719 | +€203,955 | +12.0% |
| Contributions | 10/11 | €1,550,000 | €1,550,000 | = | 0.0% |
| Capital | 10 | €1,550,000 | €1,550,000 | = | 0.0% |
| Issued capital | 100 | €1,550,000 | €1,550,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,146,118 | €3,146,118 | = | 0.0% |
| Reserves | 13 | €12,904 | €12,904 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,904 | €12,904 | = | 0.0% |
| Legal reserve | 130 | €12,904 | €12,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,013,258 | -€2,809,302 | +€203,955 | +6.8% |
| Amounts payable | 17/49 | €16,224,143 | €25,583,381 | +€9.4m | +57.7% |
| Amounts payable after more than one year | 17 | €4,684,114 | €12,248,732 | +€7.6m | +161% |
| Financial debts | 170/4 | €4,684,114 | €12,248,732 | +€7.6m | +161% |
| Amounts payable within one year | 42/48 | €11,540,029 | €13,334,650 | +€1.8m | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €45,531 | €46,265 | +€735 | +1.6% |
| Trade debts | 44 | €19,839 | €403,000 | +€383,161 | +1,931% |
| Suppliers | 440/4 | €19,839 | €403,000 | +€383,161 | +1,931% |
| Taxes, remuneration and social security | 45 | €95,910 | €252,619 | +€156,708 | +163% |
| Taxes | 450/3 | €77,511 | €241,189 | +€163,677 | +211% |
| Remuneration and social security | 454/9 | €18,399 | €11,430 | -€6,969 | -37.9% |
| Other amounts payable | 47/48 | €11,378,750 | €12,632,766 | +€1.3m | +11.0% |
| Remuneration, social security and pensions | 62 | €165,062 | €140,433 | -€24,628 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,846 | €390,975 | +€248,129 | +174% |
| Other operating charges | 640/8 | €24,655 | €20,360 | -€4,295 | -17.4% |
| Gross operating margin | 9900 | -€269,060 | €1,060,158 | +€1.3m | |
| Operating profit (loss) | 9901 | -€601,623 | €508,389 | +€1.1m | |
| Financial income | 75/76B | €1,868 | €8,599 | +€6,730 | +360% |
| Recurring financial income | 75 | €1,868 | €8,599 | +€6,730 | +360% |
| Financial charges | 65/66B | €39,467 | €313,033 | +€273,566 | +693% |
| Recurring financial charges | 65 | €39,467 | €313,033 | +€273,566 | +693% |
| Profit (loss) for the period before taxes | 9903 | -€639,221 | €203,955 | +€843,176 | |
| Profit (loss) for the period | 9904 | -€639,221 | €203,955 | +€843,176 | |
| Profit (loss) for the period to be appropriated | 9905 | -€639,221 | €203,955 | +€843,176 |
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 30 October 2026 via checked.be.