B.E.P.A.: 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.P.A.
Largest movements
- Receivables within one year +€400,469
up €400,469 (+1188.3%), from €33,700 to €434,169
of which Other amounts receivable: +€400,469
- Receivables after one year -€400,000
down €400,000 (-26.7%), from €1.5m to €1.1m
- Cash +€78,670
up €78,670 (+112.6%), from €69,877 to €148,547
mainly Receivables after one year (+€400,000) and Net result for the year (+€133,592)
- Profit (loss) carried forward +€133,592
up €133,592 (+21.8%), from €612,284 to €745,876
- Other debts -€67,539
down €67,539 (-96.5%), from €70,000 to €2,461
- Turnover +€240,000
new in 2025: €240,000
- Other operating income -€240,000
no longer reported in 2025 (was €240,000)
- Financial income +€33,334
up €33,334 (+54.9%), from €60,667 to €94,001
- Taxes +€9,094
up €9,094 (+25.7%), from €35,437 to €44,531
of which Taxes: +€9,094
- Services and other goods -€3,963
down €3,963 (-2.5%), from €156,415 to €152,452
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 | €5,504,079 | €5,572,801 | +€68,723 | +1.2% |
| Fixed assets | 21/28 | €3,858,835 | €3,858,835 | = | 0.0% |
| Financial fixed assets | 28 | €3,858,835 | €3,858,835 | = | 0.0% |
| Affiliated companies | 280/1 | €3,858,835 | €3,858,835 | = | 0.0% |
| Participating interests | 280 | €3,858,835 | €3,858,835 | = | 0.0% |
| Current assets | 29/58 | €1,645,244 | €1,713,966 | +€68,723 | +4.2% |
| Amounts receivable after more than one year | 29 | €1,500,000 | €1,100,000 | -€400,000 | -26.7% |
| Other amounts receivable | 291 | €1,500,000 | €1,100,000 | -€400,000 | -26.7% |
| Amounts receivable within one year | 40/41 | €33,700 | €434,169 | +€400,469 | +1188.3% |
| Trade receivables | 40 | €24,200 | €24,200 | = | 0.0% |
| Other amounts receivable | 41 | €9,500 | €409,969 | +€400,469 | +4215.5% |
| Cash at bank and in hand | 54/58 | €69,877 | €148,547 | +€78,670 | +112.6% |
| Deferred charges and accrued income | 490/1 | €41,667 | €31,250 | -€10,417 | -25.0% |
| Total equity and liabilities | 10/49 | €5,504,079 | €5,572,801 | +€68,723 | +1.2% |
| Equity | 10/15 | €5,420,415 | €5,554,007 | +€133,592 | +2.5% |
| Contributions | 10/11 | €743,131 | €743,131 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Outside capital | 11 | €93,131 | €93,131 | = | 0.0% |
| Share premium | 1100/10 | €93,131 | €93,131 | = | 0.0% |
| Reserves | 13 | €4,065,000 | €4,065,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,000 | €65,000 | = | 0.0% |
| Legal reserve | 130 | €65,000 | €65,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000,000 | €4,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €612,284 | €745,876 | +€133,592 | +21.8% |
| Amounts payable | 17/49 | €83,664 | €18,794 | -€64,870 | -77.5% |
| Amounts payable within one year | 42/48 | €83,664 | €18,794 | -€64,870 | -77.5% |
| Trade debts | 44 | €10,890 | €10,615 | -€275 | -2.5% |
| Suppliers | 440/4 | €10,890 | €10,615 | -€275 | -2.5% |
| Taxes, remuneration and social security | 45 | €2,774 | €5,718 | +€2,944 | +106.1% |
| Taxes | 450/3 | €2,774 | €2,456 | -€318 | -11.5% |
| Remuneration and social security | 454/9 | €0 | €3,263 | +€3,263 | |
| Other amounts payable | 47/48 | €70,000 | €2,461 | -€67,539 | -96.5% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Operating income | 70/76A | €240,000 | €240,000 | = | 0.0% |
| Turnover | 70 | - | €240,000 | +€240,000 | |
| Other operating income | 74 | €240,000 | - | -€240,000 | |
| Operating charges | 60/66A | €157,838 | €152,452 | -€5,386 | -3.4% |
| Services and other goods | 61 | €156,415 | €152,452 | -€3,963 | -2.5% |
| Remuneration, social security and pensions | 62 | €960 | - | -€960 | |
| Other operating charges | 640/8 | €462 | - | -€462 | |
| Operating profit (loss) | 9901 | €82,162 | €87,548 | +€5,386 | +6.6% |
| Financial income | 75/76B | €60,667 | €94,001 | +€33,334 | +54.9% |
| Recurring financial income | 75 | €60,667 | €94,001 | +€33,334 | +54.9% |
| Income from financial fixed assets | 750 | €60,667 | €94,001 | +€33,334 | +54.9% |
| Financial charges | 65/66B | €1,333 | €3,426 | +€2,093 | +157.1% |
| Recurring financial charges | 65 | €1,333 | €3,426 | +€2,093 | +157.1% |
| Debt charges | 650 | €0 | €2,461 | +€2,461 | |
| Other financial charges | 652/9 | €1,333 | €965 | -€368 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €141,497 | €178,123 | +€36,626 | +25.9% |
| Income taxes | 67/77 | €35,437 | €44,531 | +€9,094 | +25.7% |
| Taxes | 670/3 | €35,437 | €44,531 | +€9,094 | +25.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €106,060 | €133,592 | +€27,532 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,060 | €133,592 | +€27,532 | +26.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.