BECARDI: 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.
BECARDI
Largest movements
- Stocks and contracts +€80,439
up €80,439 (+61.7%), from €130,428 to €210,867
- Deferred charges and accrued income +€45,951
up €45,951 (+413.9%), from €11,101 to €57,052
- Receivables within one year -€19,706
down €19,706 (-87.0%), from €22,661 to €2,955
- Cash +€11,369
up €11,369 (+67.5%), from €16,831 to €28,199
mainly Trade debts (+€63,506) and Advances received (+€58,221)
- Intangible fixed assets +€11,119
up €11,119 (+48.0%), from €23,164 to €34,284
- Trade debts +€63,506
up €63,506 (+182.9%), from €34,728 to €98,234
- Advances received +€58,221
new in 2025: €58,221
- Accrued charges and deferred income -€56,991
down €56,991 (-83.9%), from €67,890 to €10,899
- Other debts +€55,577
up €55,577 (+77.1%), from €72,061 to €127,638
- Reserves +€9,300
up €9,300 (+66.9%), from €13,900 to €23,200
- Staff costs +€34,656
up €34,656 (+990.3%), from €3,499 to €38,155
- Gross operating margin +€30,027
up €30,027 (+125.6%), from €23,908 to €53,935
- Depreciation +€2,512
up €2,512 (+300.6%), from €836 to €3,348
- Financial income +€2,480
new in 2025: €2,480
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 | €204,186 | €337,590 | +€133,404 | +65.3% |
| Fixed assets | 21/28 | €23,164 | €38,517 | +€15,352 | +66.3% |
| Intangible fixed assets | 21 | €23,164 | €34,284 | +€11,119 | +48.0% |
| Tangible fixed assets | 22/27 | - | €4,233 | +€4,233 | |
| Plant, machinery and equipment | 23 | - | €4,233 | +€4,233 | |
| Current assets | 29/58 | €181,022 | €299,073 | +€118,052 | +65.2% |
| Stocks and contracts in progress | 3 | €130,428 | €210,867 | +€80,439 | +61.7% |
| Stocks | 30/36 | €130,428 | €210,867 | +€80,439 | +61.7% |
| Amounts receivable within one year | 40/41 | €22,661 | €2,955 | -€19,706 | -87.0% |
| Trade receivables | 40 | €22,661 | €2,955 | -€19,706 | -87.0% |
| Cash at bank and in hand | 54/58 | €16,831 | €28,199 | +€11,369 | +67.5% |
| Deferred charges and accrued income | 490/1 | €11,101 | €57,052 | +€45,951 | +413.9% |
| Total equity and liabilities | 10/49 | €204,186 | €337,590 | +€133,404 | +65.3% |
| Equity | 10/15 | €16,499 | €25,892 | +€9,393 | +56.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €13,900 | €23,200 | +€9,300 | +66.9% |
| Distributable reserves | 133 | €13,900 | €23,200 | +€9,300 | +66.9% |
| Profit (loss) carried forward | 14 | €99 | €192 | +€93 | +93.8% |
| Amounts payable | 17/49 | €187,687 | €311,698 | +€124,011 | +66.1% |
| Amounts payable within one year | 42/48 | €119,797 | €300,799 | +€181,002 | +151.1% |
| Trade debts | 44 | €34,728 | €98,234 | +€63,506 | +182.9% |
| Suppliers | 440/4 | €34,728 | €98,234 | +€63,506 | +182.9% |
| Advances received on contracts in progress | 46 | - | €58,221 | +€58,221 | |
| Taxes, remuneration and social security | 45 | €13,008 | €16,706 | +€3,698 | +28.4% |
| Taxes | 450/3 | €12,113 | €11,486 | -€626 | -5.2% |
| Remuneration and social security | 454/9 | €895 | €5,220 | +€4,324 | +482.9% |
| Other amounts payable | 47/48 | €72,061 | €127,638 | +€55,577 | +77.1% |
| Accrued charges and deferred income | 492/3 | €67,890 | €10,899 | -€56,991 | -83.9% |
| Remuneration, social security and pensions | 62 | €3,499 | €38,155 | +€34,656 | +990.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €836 | €3,348 | +€2,512 | +300.6% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €23,908 | €53,935 | +€30,027 | +125.6% |
| Operating profit (loss) | 9901 | €19,573 | €12,313 | -€7,261 | -37.1% |
| Financial income | 75/76B | - | €2,480 | +€2,480 | |
| Recurring financial income | 75 | - | €2,480 | +€2,480 | |
| Financial charges | 65/66B | €76 | €279 | +€203 | +267.7% |
| Recurring financial charges | 65 | €76 | €279 | +€203 | +267.7% |
| Profit (loss) for the period before taxes | 9903 | €19,497 | €14,513 | -€4,984 | -25.6% |
| Income taxes | 67/77 | €5,498 | €5,121 | -€378 | -6.9% |
| Profit (loss) for the period | 9904 | €13,999 | €9,393 | -€4,606 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,999 | €9,393 | -€4,606 | -32.9% |
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 11 October 2026 via checked.be.