B.E.D.P.: what changed
Two fiscal 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.
B.E.D.P.
Largest movements
- Receivables within one year +€1,443
up €1,443 (+77.9%), from €1,853 to €3,296
- Tangible fixed assets -€833
down €833 (-20.6%), from €4,042 to €3,209
of which Furniture and vehicles: -€706
- Intangible fixed assets -€330
down €330 (-100.0%), from €330 to €0
- Cash +€201
up €201 (+8.2%), from €2,447 to €2,648
mainly Depreciation (+€1,876) and Net result for the year (+€1,691)
- Profit (loss) carried forward +€1,691
up €1,691 (+9.4%), from -€18,075 to -€16,384
- Trade debts -€1,302
down €1,302 (-47.6%), from €2,736 to €1,434
- Tax, wage and social debts +€1,099
up €1,099 (+29.8%), from €3,694 to €4,793
- Debts after one year -€604
no longer reported in 2025 (was €604)
- Current portion of long-term debt -€391
down €391 (-39.3%), from €996 to €604
- Gross operating margin +€4,708
up €4,708 (+203.7%), from €2,311 to €7,018
- Taxes +€1,556
up €1,556 (+414.6%), from €375 to €1,931
- Other operating charges +€336
up €336 (+47.1%), from €715 to €1,051
- Depreciation -€282
down €282 (-13.1%), from €2,158 to €1,876
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 | €8,768 | €9,261 | +€492 | +5.6% |
| Fixed assets | 21/28 | €4,372 | €3,209 | -€1,163 | -26.6% |
| Intangible fixed assets | 21 | €330 | €0 | -€330 | -100.0% |
| Tangible fixed assets | 22/27 | €4,042 | €3,209 | -€833 | -20.6% |
| Plant, machinery and equipment | 23 | €906 | €778 | -€128 | -14.1% |
| Furniture and vehicles | 24 | €3,136 | €2,430 | -€706 | -22.5% |
| Current assets | 29/58 | €4,397 | €6,052 | +€1,656 | +37.7% |
| Amounts receivable within one year | 40/41 | €1,853 | €3,296 | +€1,443 | +77.9% |
| Trade receivables | 40 | €1,853 | €3,296 | +€1,443 | +77.9% |
| Cash at bank and in hand | 54/58 | €2,447 | €2,648 | +€201 | +8.2% |
| Deferred charges and accrued income | 490/1 | €97 | €109 | +€12 | +12.1% |
| Total equity and liabilities | 10/49 | €8,768 | €9,261 | +€492 | +5.6% |
| Equity | 10/15 | €739 | €2,429 | +€1,691 | +228.9% |
| Contributions | 10/11 | €18,813 | €18,813 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,075 | -€16,384 | +€1,691 | +9.4% |
| Amounts payable | 17/49 | €8,030 | €6,832 | -€1,198 | -14.9% |
| Amounts payable after more than one year | 17 | €604 | - | -€604 | |
| Financial debts | 170/4 | €604 | - | -€604 | |
| Amounts payable within one year | 42/48 | €7,426 | €6,832 | -€594 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €996 | €604 | -€391 | -39.3% |
| Trade debts | 44 | €2,736 | €1,434 | -€1,302 | -47.6% |
| Suppliers | 440/4 | €2,736 | €1,434 | -€1,302 | -47.6% |
| Taxes, remuneration and social security | 45 | €3,694 | €4,793 | +€1,099 | +29.8% |
| Taxes | 450/3 | €3,694 | €4,793 | +€1,099 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,158 | €1,876 | -€282 | -13.1% |
| Other operating charges | 640/8 | €715 | €1,051 | +€336 | +47.1% |
| Gross operating margin | 9900 | €2,311 | €7,018 | +€4,708 | +203.7% |
| Operating profit (loss) | 9901 | -€562 | €4,091 | +€4,653 | |
| Financial charges | 65/66B | €535 | €470 | -€65 | -12.1% |
| Recurring financial charges | 65 | €535 | €470 | -€65 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,096 | €3,621 | +€4,718 | |
| Income taxes | 67/77 | €375 | €1,931 | +€1,556 | +414.6% |
| Profit (loss) for the period | 9904 | -€1,472 | €1,691 | +€3,162 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,472 | €1,691 | +€3,162 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.