BECDG: 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.
BECDG
Largest movements
- Cash -€598,712
down €598,712 (-45.3%), from €1.3m to €722,470
mainly Receivables within one year (-€587,234) and Contributions, distributions and other (-€322,000)
- Receivables within one year +€587,234
up €587,234 (+210.8%), from €278,520 to €865,754
of which Trade receivables: +€584,299
- Stocks and contracts -€144,253
down €144,253 (-38.2%), from €377,239 to €232,986
- Tangible fixed assets -€44,515
down €44,515 (-4.7%), from €943,802 to €899,287
of which Land and buildings: -€28,535
- Advances received +€176,098
up €176,098 (+270.9%), from €65,000 to €241,098
- Current portion of long-term debt -€172,519
down €172,519 (-74.6%), from €231,190 to €58,671
- Other debts -€159,689
down €159,689 (-16.8%), from €948,024 to €788,334
- Trade debts -€91,606
down €91,606 (-28.5%), from €321,702 to €230,096
- Reserves +€64,044
up €64,044 (+10.2%), from €629,602 to €693,647
of which Distributable reserves: +€64,044
- Write-downs -€651,422
down €651,422, from €442,117 to -€209,306
- Gross operating margin -€507,655
down €507,655 (-37.3%), from €1.4m to €851,796
- Staff costs +€126,668
up €126,668 (+57.4%), from €220,614 to €347,282
- Financial charges +€14,176
up €14,176 (+11.6%), from €122,494 to €136,670
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 | €2,930,897 | €2,730,768 | -€200,129 | -6.8% |
| Fixed assets | 21/28 | €949,206 | €904,691 | -€44,515 | -4.7% |
| Tangible fixed assets | 22/27 | €943,802 | €899,287 | -€44,515 | -4.7% |
| Land and buildings | 22 | €712,085 | €683,550 | -€28,535 | -4.0% |
| Plant, machinery and equipment | 23 | €164,580 | €157,764 | -€6,816 | -4.1% |
| Furniture and vehicles | 24 | €32,268 | €32,358 | +€90 | +0.3% |
| Other tangible fixed assets | 26 | €34,869 | €25,616 | -€9,253 | -26.5% |
| Financial fixed assets | 28 | €5,404 | €5,404 | = | 0.0% |
| Current assets | 29/58 | €1,981,691 | €1,826,077 | -€155,614 | -7.9% |
| Stocks and contracts in progress | 3 | €377,239 | €232,986 | -€144,253 | -38.2% |
| Stocks | 30/36 | €377,239 | €232,986 | -€144,253 | -38.2% |
| Amounts receivable within one year | 40/41 | €278,520 | €865,754 | +€587,234 | +210.8% |
| Trade receivables | 40 | €14,104 | €598,403 | +€584,299 | +4142.7% |
| Other amounts receivable | 41 | €264,416 | €267,351 | +€2,935 | +1.1% |
| Cash at bank and in hand | 54/58 | €1,321,183 | €722,470 | -€598,712 | -45.3% |
| Deferred charges and accrued income | 490/1 | €4,750 | €4,866 | +€117 | +2.5% |
| Total equity and liabilities | 10/49 | €2,930,897 | €2,730,768 | -€200,129 | -6.8% |
| Equity | 10/15 | €648,202 | €712,247 | +€64,044 | +9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €629,602 | €693,647 | +€64,044 | +10.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €629,602 | €693,647 | +€64,044 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,282,695 | €2,018,521 | -€264,173 | -11.6% |
| Amounts payable after more than one year | 17 | €651,072 | €655,132 | +€4,060 | +0.6% |
| Financial debts | 170/4 | €651,072 | €655,132 | +€4,060 | +0.6% |
| Amounts payable within one year | 42/48 | €1,610,750 | €1,359,789 | -€250,961 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €231,190 | €58,671 | -€172,519 | -74.6% |
| Trade debts | 44 | €321,702 | €230,096 | -€91,606 | -28.5% |
| Suppliers | 440/4 | €321,702 | €230,096 | -€91,606 | -28.5% |
| Advances received on contracts in progress | 46 | €65,000 | €241,098 | +€176,098 | +270.9% |
| Taxes, remuneration and social security | 45 | €44,835 | €41,590 | -€3,244 | -7.2% |
| Taxes | 450/3 | €13,060 | €3,195 | -€9,865 | -75.5% |
| Remuneration and social security | 454/9 | €31,775 | €38,395 | +€6,620 | +20.8% |
| Other amounts payable | 47/48 | €948,024 | €788,334 | -€159,689 | -16.8% |
| Accrued charges and deferred income | 492/3 | €20,872 | €3,600 | -€17,272 | -82.8% |
| Remuneration, social security and pensions | 62 | €220,614 | €347,282 | +€126,668 | +57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,203 | €69,974 | +€6,771 | +10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €442,117 | -€209,306 | -€651,422 | |
| Other operating charges | 640/8 | €3,673 | €6,236 | +€2,563 | +69.8% |
| Gross operating margin | 9900 | €1,359,451 | €851,796 | -€507,655 | -37.3% |
| Operating profit (loss) | 9901 | €629,845 | €637,610 | +€7,765 | +1.2% |
| Financial income | 75/76B | €12,031 | €9,204 | -€2,827 | -23.5% |
| Recurring financial income | 75 | €12,031 | €9,204 | -€2,827 | -23.5% |
| Financial charges | 65/66B | €122,494 | €136,670 | +€14,176 | +11.6% |
| Recurring financial charges | 65 | €122,494 | €136,670 | +€14,176 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €519,382 | €510,144 | -€9,238 | -1.8% |
| Income taxes | 67/77 | €126,842 | €124,100 | -€2,742 | -2.2% |
| Profit (loss) for the period | 9904 | €392,540 | €386,044 | -€6,496 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €392,540 | €386,044 | -€6,496 | -1.7% |
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 8 October 2026 via checked.be.