Be-Sure: 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-Sure
Largest movements
- Receivables within one year -€326,428
down €326,428 (-70.8%), from €461,215 to €134,788
of which Other amounts receivable: -€336,517
- Receivables after one year +€200,000
new in 2025: €200,000
- Deferred charges and accrued income +€194,734
up €194,734 (+908%), from €21,456 to €216,190
- Tangible fixed assets +€125,479
up €125,479 (+96.5%), from €130,071 to €255,550
of which Other tangible fixed assets: +€113,420
- Cash -€10,445
down €10,445 (-13.3%), from €78,757 to €68,312
mainly Receivables after one year (-€200,000) and Deferred charges and accrued income (-€194,734)
- Debts after one year +€113,036
up €113,036 (+132%), from €85,352 to €198,388
- Reserves +€96,541
up €96,541 (+45.1%), from €213,925 to €310,466
- Trade debts -€89,945
down €89,945 (-67.8%), from €132,758 to €42,814
- Other debts +€88,572
up €88,572 (+148%), from €59,828 to €148,400
- Short-term financial debts -€46,182
down €46,182 (-51.5%), from €89,661 to €43,480
- Gross operating margin +€70,741
up €70,741 (+10.0%), from €706,323 to €777,063
- Financial charges +€51,766
up €51,766 (+559%), from €9,268 to €61,034
- Taxes -€41,618
down €41,618 (-51.0%), from €81,571 to €39,953
- Depreciation +€20,681
up €20,681 (+75.8%), from €27,267 to €47,949
- Other operating charges +€8,681
up €8,681 (+247%), from €3,518 to €12,199
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 | €696,576 | €874,839 | +€178,263 | +25.6% |
| Fixed assets | 21/28 | €135,148 | €255,550 | +€120,401 | +89.1% |
| Tangible fixed assets | 22/27 | €130,071 | €255,550 | +€125,479 | +96.5% |
| Plant, machinery and equipment | 23 | €3,494 | €4,418 | +€924 | +26.4% |
| Furniture and vehicles | 24 | €91,101 | €102,236 | +€11,135 | +12.2% |
| Other tangible fixed assets | 26 | €35,476 | €148,896 | +€113,420 | +320% |
| Financial fixed assets | 28 | €5,077 | - | -€5,077 | |
| Current assets | 29/58 | €561,428 | €619,289 | +€57,861 | +10.3% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Amounts receivable within one year | 40/41 | €461,215 | €134,788 | -€326,428 | -70.8% |
| Trade receivables | 40 | €104,426 | €114,515 | +€10,089 | +9.7% |
| Other amounts receivable | 41 | €356,789 | €20,273 | -€336,517 | -94.3% |
| Cash at bank and in hand | 54/58 | €78,757 | €68,312 | -€10,445 | -13.3% |
| Deferred charges and accrued income | 490/1 | €21,456 | €216,190 | +€194,734 | +908% |
| Total equity and liabilities | 10/49 | €696,576 | €874,839 | +€178,263 | +25.6% |
| Equity | 10/15 | €232,525 | €329,066 | +€96,541 | +41.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €213,925 | €310,466 | +€96,541 | +45.1% |
| Distributable reserves | 133 | €213,925 | €310,466 | +€96,541 | +45.1% |
| Amounts payable | 17/49 | €464,051 | €545,773 | +€81,722 | +17.6% |
| Amounts payable after more than one year | 17 | €85,352 | €198,388 | +€113,036 | +132% |
| Financial debts | 170/4 | €85,352 | €198,388 | +€113,036 | +132% |
| Amounts payable within one year | 42/48 | €374,461 | €343,767 | -€30,694 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €32,240 | €48,128 | +€15,889 | +49.3% |
| Financial debts | 43 | €89,661 | €43,480 | -€46,182 | -51.5% |
| Credit institutions | 430/8 | €89,661 | €43,480 | -€46,182 | -51.5% |
| Trade debts | 44 | €132,758 | €42,814 | -€89,945 | -67.8% |
| Suppliers | 440/4 | €132,758 | €42,814 | -€89,945 | -67.8% |
| Taxes, remuneration and social security | 45 | €59,973 | €60,946 | +€972 | +1.6% |
| Taxes | 450/3 | €8,365 | €8,444 | +€80 | +1.0% |
| Remuneration and social security | 454/9 | €51,609 | €52,501 | +€893 | +1.7% |
| Other amounts payable | 47/48 | €59,828 | €148,400 | +€88,572 | +148% |
| Accrued charges and deferred income | 492/3 | €4,238 | €3,617 | -€620 | -14.6% |
| Remuneration, social security and pensions | 62 | €382,044 | €380,450 | -€1,594 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,267 | €47,949 | +€20,681 | +75.8% |
| Other operating charges | 640/8 | €3,518 | €12,199 | +€8,681 | +247% |
| Gross operating margin | 9900 | €706,323 | €777,063 | +€70,741 | +10.0% |
| Operating profit (loss) | 9901 | €293,493 | €336,466 | +€42,972 | +14.6% |
| Financial income | 75/76B | €11,147 | €9,462 | -€1,685 | -15.1% |
| Recurring financial income | 75 | €11,147 | €9,462 | -€1,685 | -15.1% |
| Financial charges | 65/66B | €9,268 | €61,034 | +€51,766 | +559% |
| Recurring financial charges | 65 | €9,268 | €61,034 | +€51,766 | +559% |
| Profit (loss) for the period before taxes | 9903 | €295,373 | €284,894 | -€10,478 | -3.5% |
| Income taxes | 67/77 | €81,571 | €39,953 | -€41,618 | -51.0% |
| Profit (loss) for the period | 9904 | €213,801 | €244,941 | +€31,139 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €213,801 | €244,941 | +€31,139 | +14.6% |
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 22 October 2026 via checked.be.