BECOOL: 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.
BECOOL
Largest movements
- Tangible fixed assets +€41,027
up €41,027 (+175.5%), from €23,375 to €64,402
of which Furniture and vehicles: +€42,229
- Cash +€40,483
up €40,483 (+121.9%), from €33,219 to €73,702
mainly Net result for the year (+€76,112) and Debts after one year (+€29,372)
- Stocks and contracts +€4,360
up €4,360 (+31.5%), from €13,853 to €18,212
of which Contracts in progress: +€6,065
- Receivables within one year +€3,420
up €3,420 (+42.1%), from €8,124 to €11,544
of which Trade receivables: +€2,531
- Reserves +€76,112
up €76,112 (+249.6%), from €30,498 to €106,609
- Debts after one year +€29,372
up €29,372 (+283.1%), from €10,375 to €39,747
- Other debts -€19,308
down €19,308 (-100.0%), from €19,308 to €0
- Current portion of long-term debt +€9,831
up €9,831 (+159.8%), from €6,150 to €15,981
- Trade debts -€4,884
down €4,884 (-77.0%), from €6,339 to €1,456
- Gross operating margin +€71,291
up €71,291 (+162.1%), from €43,972 to €115,263
- Taxes +€10,856
up €10,856 (+127.7%), from €8,499 to €19,355
- Depreciation +€9,405
up €9,405 (+140.7%), from €6,682 to €16,087
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 | €81,180 | €171,942 | +€90,762 | +111.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €23,375 | €64,402 | +€41,027 | +175.5% |
| Tangible fixed assets | 22/27 | €23,375 | €64,402 | +€41,027 | +175.5% |
| Plant, machinery and equipment | 23 | €2,530 | €1,328 | -€1,202 | -47.5% |
| Furniture and vehicles | 24 | €20,845 | €63,074 | +€42,229 | +202.6% |
| Current assets | 29/58 | €57,806 | €107,540 | +€49,735 | +86.0% |
| Stocks and contracts in progress | 3 | €13,853 | €18,212 | +€4,360 | +31.5% |
| Stocks | 30/36 | €13,853 | €12,147 | -€1,705 | -12.3% |
| Contracts in progress | 37 | - | €6,065 | +€6,065 | |
| Amounts receivable within one year | 40/41 | €8,124 | €11,544 | +€3,420 | +42.1% |
| Trade receivables | 40 | €2,963 | €5,493 | +€2,531 | +85.4% |
| Other amounts receivable | 41 | €5,161 | €6,050 | +€890 | +17.2% |
| Cash at bank and in hand | 54/58 | €33,219 | €73,702 | +€40,483 | +121.9% |
| Deferred charges and accrued income | 490/1 | €2,610 | €4,082 | +€1,471 | +56.4% |
| Total equity and liabilities | 10/49 | €81,180 | €171,942 | +€90,762 | +111.8% |
| Equity | 10/15 | €35,498 | €111,609 | +€76,112 | +214.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,498 | €106,609 | +€76,112 | +249.6% |
| Distributable reserves | 133 | €30,498 | €106,609 | +€76,112 | +249.6% |
| Amounts payable | 17/49 | €45,683 | €60,333 | +€14,650 | +32.1% |
| Amounts payable after more than one year | 17 | €10,375 | €39,747 | +€29,372 | +283.1% |
| Financial debts | 170/4 | €10,375 | €39,747 | +€29,372 | +283.1% |
| Amounts payable within one year | 42/48 | €35,308 | €20,586 | -€14,722 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €6,150 | €15,981 | +€9,831 | +159.8% |
| Trade debts | 44 | €6,339 | €1,456 | -€4,884 | -77.0% |
| Suppliers | 440/4 | €6,339 | €1,456 | -€4,884 | -77.0% |
| Taxes, remuneration and social security | 45 | €3,510 | €3,150 | -€360 | -10.3% |
| Taxes | 450/3 | €3,510 | €3,150 | -€360 | -10.3% |
| Other amounts payable | 47/48 | €19,308 | €0 | -€19,308 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,682 | €16,087 | +€9,405 | +140.7% |
| Other operating charges | 640/8 | €1,868 | €2,031 | +€163 | +8.7% |
| Gross operating margin | 9900 | €43,972 | €115,263 | +€71,291 | +162.1% |
| Operating profit (loss) | 9901 | €35,422 | €97,145 | +€61,723 | +174.2% |
| Financial income | 75/76B | €333 | €19 | -€314 | -94.2% |
| Recurring financial income | 75 | €333 | €19 | -€314 | -94.2% |
| Financial charges | 65/66B | €1,846 | €1,698 | -€149 | -8.1% |
| Recurring financial charges | 65 | €1,846 | €1,698 | -€149 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €33,909 | €95,467 | +€61,558 | +181.5% |
| Income taxes | 67/77 | €8,499 | €19,355 | +€10,856 | +127.7% |
| Profit (loss) for the period | 9904 | €25,410 | €76,112 | +€50,702 | +199.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,410 | €76,112 | +€50,702 | +199.5% |
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 4 October 2026 via checked.be.