BE GROUP: 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.
BE GROUP
Largest movements
- Receivables within one year +€34,362
up €34,362 (+323%), from €10,649 to €45,011
of which Trade receivables: +€29,168
- Cash -€14,733
down €14,733 (-13.0%), from €113,469 to €98,736
mainly Receivables within one year (-€34,362) and Investment in fixed assets (net) (-€11,334)
- Tangible fixed assets -€5,575
down €5,575 (-18.0%), from €31,048 to €25,472
- Profit (loss) carried forward +€22,337
up €22,337 (+22.1%), from €101,048 to €123,386
- Trade debts -€8,317
down €8,317 (-84.3%), from €9,864 to €1,547
- Debts after one year -€7,067
down €7,067 (-48.9%), from €14,459 to €7,393
- Tax, wage and social debts +€6,103
up €6,103 (+35.0%), from €17,461 to €23,564
of which Remuneration and social security: +€11,081
- Gross operating margin -€15,557
down €15,557 (-22.7%), from €68,635 to €53,078
- Taxes -€6,240
down €6,240 (-37.2%), from €16,792 to €10,551
- Depreciation +€4,911
up €4,911 (+40.9%), from €11,998 to €16,909
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 | €157,474 | €170,842 | +€13,368 | +8.5% |
| Fixed assets | 21/28 | €31,048 | €25,472 | -€5,575 | -18.0% |
| Tangible fixed assets | 22/27 | €31,048 | €25,472 | -€5,575 | -18.0% |
| Furniture and vehicles | 24 | €31,048 | €25,472 | -€5,575 | -18.0% |
| Current assets | 29/58 | €126,426 | €145,370 | +€18,944 | +15.0% |
| Amounts receivable within one year | 40/41 | €10,649 | €45,011 | +€34,362 | +323% |
| Trade receivables | 40 | €5,532 | €34,701 | +€29,168 | +527% |
| Other amounts receivable | 41 | €5,116 | €10,310 | +€5,194 | +102% |
| Cash at bank and in hand | 54/58 | €113,469 | €98,736 | -€14,733 | -13.0% |
| Deferred charges and accrued income | 490/1 | €2,308 | €1,623 | -€685 | -29.7% |
| Total equity and liabilities | 10/49 | €157,474 | €170,842 | +€13,368 | +8.5% |
| Equity | 10/15 | €108,676 | €131,013 | +€22,337 | +20.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €7,627 | €7,627 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,627 | €7,627 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,627 | €7,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,048 | €123,386 | +€22,337 | +22.1% |
| Amounts payable | 17/49 | €48,798 | €39,828 | -€8,969 | -18.4% |
| Amounts payable after more than one year | 17 | €14,459 | €7,393 | -€7,067 | -48.9% |
| Financial debts | 170/4 | €14,459 | €7,393 | -€7,067 | -48.9% |
| Amounts payable within one year | 42/48 | €34,338 | €32,436 | -€1,903 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €6,755 | €7,067 | +€312 | +4.6% |
| Trade debts | 44 | €9,864 | €1,547 | -€8,317 | -84.3% |
| Suppliers | 440/4 | €9,864 | €1,547 | -€8,317 | -84.3% |
| Taxes, remuneration and social security | 45 | €17,461 | €23,564 | +€6,103 | +35.0% |
| Taxes | 450/3 | €13,203 | €8,225 | -€4,978 | -37.7% |
| Remuneration and social security | 454/9 | €4,259 | €15,339 | +€11,081 | +260% |
| Other amounts payable | 47/48 | €258 | €258 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,998 | €16,909 | +€4,911 | +40.9% |
| Other operating charges | 640/8 | €1,860 | €1,874 | +€14 | +0.7% |
| Gross operating margin | 9900 | €68,635 | €53,078 | -€15,557 | -22.7% |
| Operating profit (loss) | 9901 | €54,777 | €34,294 | -€20,482 | -37.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,064 | €1,406 | -€657 | -31.8% |
| Recurring financial charges | 65 | €2,064 | €1,406 | -€657 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €52,713 | €32,889 | -€19,824 | -37.6% |
| Income taxes | 67/77 | €16,792 | €10,551 | -€6,240 | -37.2% |
| Profit (loss) for the period | 9904 | €35,921 | €22,337 | -€13,584 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,921 | €22,337 | -€13,584 | -37.8% |
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 29 October 2026 via checked.be.