BECO: 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.
BECO
Largest movements
- Receivables within one year +€49,360
up €49,360 (+84.0%), from €58,796 to €108,156
of which Trade receivables: +€58,237
- Stocks and contracts -€36,692
down €36,692 (-12.8%), from €286,443 to €249,752
of which Stocks: -€23,237
- Tangible fixed assets -€22,630
down €22,630 (-54.2%), from €41,766 to €19,136
of which Leasing and similar rights: -€16,316
- Cash +€9,834
up €9,834 (+79.3%), from €12,408 to €22,242
mainly Stocks and contracts (+€36,692) and Accrued charges and deferred income (+€31,900)
- Trade debts -€39,700
down €39,700 (-39.0%), from €101,795 to €62,096
- Accrued charges and deferred income +€31,900
new in 2025: €31,900
- Profit (loss) carried forward +€13,017
up €13,017 (+155.2%), from €8,386 to €21,402
- Tax, wage and social debts +€10,717
up €10,717 (+258.0%), from €4,154 to €14,870
- Short-term financial debts -€10,052
down €10,052 (-34.0%), from €29,556 to €19,504
of which Credit institutions: -€9,563
- Depreciation -€9,413
down €9,413 (-37.5%), from €25,116 to €15,703
- Other operating charges +€5,898
up €5,898 (+184.5%), from €3,196 to €9,094
- Taxes +€2,999
up €2,999 (+128.6%), from €2,332 to €5,332
- Gross operating margin +€1,787
up €1,787 (+4.3%), from €41,760 to €43,546
- Financial income +€1,041
up €1,041 (+75.1%), from €1,386 to €2,427
of which Financial income: +€2,099
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 | €403,184 | €399,348 | -€3,836 | -1.0% |
| Fixed assets | 21/28 | €41,828 | €19,198 | -€22,630 | -54.1% |
| Tangible fixed assets | 22/27 | €41,766 | €19,136 | -€22,630 | -54.2% |
| Plant, machinery and equipment | 23 | €1,388 | €2,719 | +€1,331 | +95.9% |
| Furniture and vehicles | 24 | €7,913 | €484 | -€7,429 | -93.9% |
| Leasing and similar rights | 25 | €31,835 | €15,519 | -€16,316 | -51.3% |
| Other tangible fixed assets | 26 | €630 | €414 | -€216 | -34.3% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €361,356 | €380,150 | +€18,794 | +5.2% |
| Stocks and contracts in progress | 3 | €286,443 | €249,752 | -€36,692 | -12.8% |
| Stocks | 30/36 | €272,988 | €249,752 | -€23,237 | -8.5% |
| Contracts in progress | 37 | €13,455 | - | -€13,455 | |
| Amounts receivable within one year | 40/41 | €58,796 | €108,156 | +€49,360 | +84.0% |
| Trade receivables | 40 | €42,714 | €100,951 | +€58,237 | +136.3% |
| Other amounts receivable | 41 | €16,082 | €7,205 | -€8,877 | -55.2% |
| Cash at bank and in hand | 54/58 | €12,408 | €22,242 | +€9,834 | +79.3% |
| Deferred charges and accrued income | 490/1 | €3,708 | - | -€3,708 | |
| Total equity and liabilities | 10/49 | €403,184 | €399,348 | -€3,836 | -1.0% |
| Equity | 10/15 | €198,765 | €211,781 | +€13,017 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,779 | €171,779 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €169,919 | €169,919 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,386 | €21,402 | +€13,017 | +155.2% |
| Amounts payable | 17/49 | €204,419 | €187,566 | -€16,853 | -8.2% |
| Amounts payable after more than one year | 17 | €31,951 | €22,233 | -€9,717 | -30.4% |
| Financial debts | 170/4 | €31,951 | €22,233 | -€9,717 | -30.4% |
| Amounts payable within one year | 42/48 | €172,468 | €133,433 | -€39,035 | -22.6% |
| Financial debts | 43 | €29,556 | €19,504 | -€10,052 | -34.0% |
| Credit institutions | 430/8 | €29,067 | €19,504 | -€9,563 | -32.9% |
| Other loans | 439 | €489 | - | -€489 | |
| Trade debts | 44 | €101,795 | €62,096 | -€39,700 | -39.0% |
| Suppliers | 440/4 | €101,795 | €62,096 | -€39,700 | -39.0% |
| Taxes, remuneration and social security | 45 | €4,154 | €14,870 | +€10,717 | +258.0% |
| Taxes | 450/3 | €4,154 | €14,870 | +€10,717 | +258.0% |
| Other amounts payable | 47/48 | €36,963 | €36,963 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €31,900 | +€31,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,116 | €15,703 | -€9,413 | -37.5% |
| Other operating charges | 640/8 | €3,196 | €9,094 | +€5,898 | +184.5% |
| Non-recurring operating charges | 66A | €4,261 | - | -€4,261 | |
| Gross operating margin | 9900 | €41,760 | €43,546 | +€1,787 | +4.3% |
| Operating profit (loss) | 9901 | €9,187 | €18,749 | +€9,562 | +104.1% |
| Financial income | 75/76B | €1,386 | €2,427 | +€1,041 | +75.1% |
| Recurring financial income | 75 | €327 | €2,427 | +€2,099 | +641.7% |
| Non-recurring financial income | 76B | €1,058 | - | -€1,058 | |
| Financial charges | 65/66B | €2,525 | €2,827 | +€302 | +12.0% |
| Recurring financial charges | 65 | €2,525 | €2,827 | +€302 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €8,047 | €18,348 | +€10,301 | +128.0% |
| Income taxes | 67/77 | €2,332 | €5,332 | +€2,999 | +128.6% |
| Profit (loss) for the period | 9904 | €5,715 | €13,017 | +€7,302 | +127.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,715 | €13,017 | +€7,302 | +127.8% |
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 6 October 2026 via checked.be.