BECOE: 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.
BECOE
Largest movements
- Cash +€21,348
up €21,348 (+13.3%), from €161,004 to €182,352
mainly Net result for the year (+€15,105) and Other debts (+€15,044)
- Receivables within one year -€4,166
down €4,166 (-98.8%), from €4,217 to €51
of which Trade receivables: -€2,499
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Reserves +€15,105
up €15,105 (+10.6%), from €142,795 to €157,900
of which Distributable reserves: +€15,105
- Other debts +€15,044
up €15,044 (+61.9%), from €24,293 to €39,338
- Tax, wage and social debts +€5,631
up €5,631 (+55.2%), from €10,195 to €15,827
- Gross operating margin -€26,000
down €26,000 (-51.0%), from €50,965 to €24,965
- Taxes -€8,615
down €8,615 (-48.7%), from €17,688 to €9,073
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 | €196,413 | €213,263 | +€16,850 | +8.6% |
| Fixed assets | 21/28 | €1,732 | €892 | -€840 | -48.5% |
| Tangible fixed assets | 22/27 | €840 | €0 | -€840 | -100.0% |
| Plant, machinery and equipment | 23 | €840 | €0 | -€840 | -100.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €892 | €892 | = | 0.0% |
| Current assets | 29/58 | €194,680 | €212,370 | +€17,690 | +9.1% |
| Stocks and contracts in progress | 3 | €28,191 | €27,650 | -€540 | -1.9% |
| Stocks | 30/36 | €28,191 | €27,650 | -€540 | -1.9% |
| Amounts receivable within one year | 40/41 | €4,217 | €51 | -€4,166 | -98.8% |
| Trade receivables | 40 | €2,499 | - | -€2,499 | |
| Other amounts receivable | 41 | €1,718 | €51 | -€1,667 | -97.0% |
| Cash at bank and in hand | 54/58 | €161,004 | €182,352 | +€21,348 | +13.3% |
| Deferred charges and accrued income | 490/1 | €1,269 | €2,317 | +€1,048 | +82.6% |
| Total equity and liabilities | 10/49 | €196,413 | €213,263 | +€16,850 | +8.6% |
| Equity | 10/15 | €161,395 | €157,900 | -€3,495 | -2.2% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €142,795 | €157,900 | +€15,105 | +10.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €138,935 | €154,040 | +€15,105 | +10.9% |
| Amounts payable | 17/49 | €35,017 | €55,363 | +€20,346 | +58.1% |
| Amounts payable within one year | 42/48 | €35,017 | €55,363 | +€20,346 | +58.1% |
| Trade debts | 44 | €529 | €199 | -€330 | -62.4% |
| Suppliers | 440/4 | €529 | €199 | -€330 | -62.4% |
| Taxes, remuneration and social security | 45 | €10,195 | €15,827 | +€5,631 | +55.2% |
| Taxes | 450/3 | €10,195 | €15,827 | +€5,631 | +55.2% |
| Other amounts payable | 47/48 | €24,293 | €39,338 | +€15,044 | +61.9% |
| Non-recurring operating income | 76A | €137 | €2,303 | +€2,166 | +1579.8% |
| Remuneration, social security and pensions | 62 | €277 | - | -€277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €880 | €840 | -€40 | -4.6% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €50,965 | €24,965 | -€26,000 | -51.0% |
| Operating profit (loss) | 9901 | €49,693 | €23,999 | -€25,694 | -51.7% |
| Financial income | 75/76B | €9 | €249 | +€239 | +2526.2% |
| Recurring financial income | 75 | €9 | €249 | +€239 | +2526.2% |
| Financial charges | 65/66B | €60 | €70 | +€10 | +17.1% |
| Recurring financial charges | 65 | €60 | €70 | +€10 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €49,642 | €24,177 | -€25,465 | -51.3% |
| Income taxes | 67/77 | €17,688 | €9,073 | -€8,615 | -48.7% |
| Profit (loss) for the period | 9904 | €31,954 | €15,105 | -€16,850 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,954 | €15,105 | -€16,850 | -52.7% |
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.