be.RED: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
be.RED
Largest movements
- Receivables after one year +€68,644
up €68,644 (+235%), from €29,174 to €97,817
- Cash -€24,011
down €24,011 (-65.2%), from €36,823 to €12,812
mainly Receivables after one year (-€68,644) and Investment in fixed assets (net) (-€28,391)
- Receivables within one year -€16,099
down €16,099 (-54.0%), from €29,831 to €13,732
of which Trade receivables: -€18,842
- Tangible fixed assets +€12,108
up €12,108 (+3.7%), from €326,896 to €339,004
- Trade debts +€26,874
up €26,874 (+657%), from €4,090 to €30,964
- Other debts +€18,551
up €18,551 (+17.1%), from €108,228 to €126,778
- Debts after one year -€11,198
down €11,198 (-5.6%), from €200,958 to €189,760
- Gross operating margin +€20,512
up €20,512 (+150%), from €13,661 to €34,172
- Depreciation +€12,282
up €12,282 (+307%), from €4,002 to €16,283
- Financial charges +€8,416
up €8,416 (+135%), from €6,225 to €14,641
- Other operating charges +€2,787
up €2,787 (+280%), from €996 to €3,783
- Financial income +€1,311
up €1,311 (+49.5%), from €2,652 to €3,963
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €435,348 | €474,483 | +€39,134 | +9.0% |
| Fixed assets | 21/28 | €336,896 | €349,004 | +€12,108 | +3.6% |
| Tangible fixed assets | 22/27 | €326,896 | €339,004 | +€12,108 | +3.7% |
| Land and buildings | 22 | €317,118 | €322,476 | +€5,358 | +1.7% |
| Plant, machinery and equipment | 23 | - | €798 | +€798 | |
| Furniture and vehicles | 24 | €9,778 | €15,730 | +€5,952 | +60.9% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €98,453 | €125,479 | +€27,026 | +27.5% |
| Amounts receivable after more than one year | 29 | €29,174 | €97,817 | +€68,644 | +235% |
| Other amounts receivable | 291 | €29,174 | €97,817 | +€68,644 | +235% |
| Amounts receivable within one year | 40/41 | €29,831 | €13,732 | -€16,099 | -54.0% |
| Trade receivables | 40 | €25,943 | €7,101 | -€18,842 | -72.6% |
| Other amounts receivable | 41 | €3,888 | €6,631 | +€2,743 | +70.6% |
| Cash at bank and in hand | 54/58 | €36,823 | €12,812 | -€24,011 | -65.2% |
| Deferred charges and accrued income | 490/1 | €2,625 | €1,118 | -€1,507 | -57.4% |
| Total equity and liabilities | 10/49 | €435,348 | €474,483 | +€39,134 | +9.0% |
| Equity | 10/15 | €111,633 | €113,591 | +€1,958 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,011 | €34,011 | = | 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 | €32,151 | €32,151 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,022 | €60,980 | +€1,958 | +3.3% |
| Amounts payable | 17/49 | €323,716 | €360,891 | +€37,176 | +11.5% |
| Amounts payable after more than one year | 17 | €200,958 | €189,760 | -€11,198 | -5.6% |
| Financial debts | 170/4 | €200,958 | €189,760 | -€11,198 | -5.6% |
| Amounts payable within one year | 42/48 | €122,757 | €171,131 | +€48,374 | +39.4% |
| Current portion of amounts payable after more than one year | 42 | €9,042 | €11,198 | +€2,156 | +23.8% |
| Trade debts | 44 | €4,090 | €30,964 | +€26,874 | +657% |
| Suppliers | 440/4 | €4,090 | €30,964 | +€26,874 | +657% |
| Taxes, remuneration and social security | 45 | €1,398 | €2,191 | +€793 | +56.8% |
| Taxes | 450/3 | €1,398 | €2,191 | +€793 | +56.8% |
| Other amounts payable | 47/48 | €108,228 | €126,778 | +€18,551 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,002 | €16,283 | +€12,282 | +307% |
| Other operating charges | 640/8 | €996 | €3,783 | +€2,787 | +280% |
| Non-recurring operating charges | 66A | €135 | €0 | -€135 | -100% |
| Gross operating margin | 9900 | €13,661 | €34,172 | +€20,512 | +150% |
| Operating profit (loss) | 9901 | €8,528 | €14,107 | +€5,578 | +65.4% |
| Financial income | 75/76B | €2,652 | €3,963 | +€1,311 | +49.5% |
| Recurring financial income | 75 | €2,652 | €3,963 | +€1,311 | +49.5% |
| Financial charges | 65/66B | €6,225 | €14,641 | +€8,416 | +135% |
| Recurring financial charges | 65 | €6,225 | €14,641 | +€8,416 | +135% |
| Profit (loss) for the period before taxes | 9903 | €4,955 | €3,429 | -€1,526 | -30.8% |
| Income taxes | 67/77 | €1,941 | €1,470 | -€471 | -24.3% |
| Profit (loss) for the period | 9904 | €3,014 | €1,958 | -€1,056 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,014 | €1,958 | -€1,056 | -35.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.