BECO4HR: 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.
BECO4HR
Largest movements
- Cash +€31,718
up €31,718 (+23.5%), from €134,972 to €166,689
mainly Other debts (+€204,000) and Tax, wage and social debts (+€36,630)
- Receivables within one year -€17,099
down €17,099 (-70.0%), from €24,442 to €7,343
of which Trade receivables: -€16,647
- Profit (loss) carried forward -€239,962
down €239,962 (-69.2%), from €346,539 to €106,577
- Other debts +€204,000
up €204,000, from €0 to €204,000
- Tax, wage and social debts +€36,630
up €36,630 (+533%), from €6,869 to €43,498
- Reserves +€9,092
new in 2025: €9,092
- Gross operating margin -€3,973
down €3,973 (-8.0%), from €49,856 to €45,882
- Taxes -€3,062
down €3,062 (-39.5%), from €7,743 to €4,681
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.
Derived cash bridge
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 | €376,356 | €388,326 | +€11,970 | +3.2% |
| Fixed assets | 21/28 | €211,877 | €208,784 | -€3,094 | -1.5% |
| Tangible fixed assets | 22/27 | €118,263 | €115,170 | -€3,094 | -2.6% |
| Plant, machinery and equipment | 23 | - | €2,587 | +€2,587 | |
| Furniture and vehicles | 24 | €118,263 | €112,583 | -€5,680 | -4.8% |
| Financial fixed assets | 28 | €93,614 | €93,614 | = | 0.0% |
| Current assets | 29/58 | €164,479 | €179,543 | +€15,064 | +9.2% |
| Amounts receivable within one year | 40/41 | €24,442 | €7,343 | -€17,099 | -70.0% |
| Trade receivables | 40 | €16,647 | €0 | -€16,647 | -100% |
| Other amounts receivable | 41 | €7,795 | €7,343 | -€453 | -5.8% |
| Cash at bank and in hand | 54/58 | €134,972 | €166,689 | +€31,718 | +23.5% |
| Deferred charges and accrued income | 490/1 | €5,065 | €5,511 | +€445 | +8.8% |
| Total equity and liabilities | 10/49 | €376,356 | €388,326 | +€11,970 | +3.2% |
| Equity | 10/15 | €365,139 | €134,270 | -€230,869 | -63.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €9,092 | +€9,092 | |
| Distributable reserves | 133 | - | €9,092 | +€9,092 | |
| Profit (loss) carried forward | 14 | €346,539 | €106,577 | -€239,962 | -69.2% |
| Amounts payable | 17/49 | €11,217 | €254,057 | +€242,840 | +2,165% |
| Amounts payable within one year | 42/48 | €11,217 | €254,057 | +€242,840 | +2,165% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,003 | €0 | -€1,003 | -100% |
| Credit institutions | 430/8 | €1,003 | €0 | -€1,003 | -100% |
| Trade debts | 44 | €3,346 | €6,558 | +€3,213 | +96.0% |
| Suppliers | 440/4 | €3,346 | €6,558 | +€3,213 | +96.0% |
| Taxes, remuneration and social security | 45 | €6,869 | €43,498 | +€36,630 | +533% |
| Taxes | 450/3 | €6,869 | €43,498 | +€36,630 | +533% |
| Other amounts payable | 47/48 | €0 | €204,000 | +€204,000 | |
| Non-recurring operating income | 76A | €22,517 | €11,508 | -€11,009 | -48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,809 | €31,005 | +€196 | +0.6% |
| Other operating charges | 640/8 | €974 | €1,193 | +€219 | +22.5% |
| Gross operating margin | 9900 | €49,856 | €45,882 | -€3,973 | -8.0% |
| Operating profit (loss) | 9901 | €18,073 | €13,684 | -€4,389 | -24.3% |
| Financial income | 75/76B | €225 | €238 | +€13 | +5.9% |
| Recurring financial income | 75 | €225 | €238 | +€13 | +5.9% |
| Financial charges | 65/66B | €46 | €110 | +€64 | +139% |
| Recurring financial charges | 65 | €46 | €110 | +€64 | +139% |
| Profit (loss) for the period before taxes | 9903 | €18,252 | €13,812 | -€4,440 | -24.3% |
| Income taxes | 67/77 | €7,743 | €4,681 | -€3,062 | -39.5% |
| Profit (loss) for the period | 9904 | €10,509 | €9,131 | -€1,378 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,509 | €9,131 | -€1,378 | -13.1% |
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 20 October 2026 via checked.be.