BECOREX: 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.
BECOREX
Largest movements
- Cash -€15,776
down €15,776 (-59.9%), from €26,329 to €10,553
mainly Contributions, distributions and other (-€35,086) and Investment in fixed assets (net) (-€12,923)
- Receivables within one year -€10,662
down €10,662 (-47.8%), from €22,327 to €11,666
of which Trade receivables: -€7,415
- Tangible fixed assets +€3,603
up €3,603 (+26.5%), from €13,586 to €17,189
of which Furniture and vehicles: +€10,694
- Deferred charges and accrued income +€1,404
up €1,404 (+66.0%), from €2,126 to €3,530
- Reserves -€20,600
down €20,600 (-55.8%), from €36,946 to €16,345
of which Distributable reserves: -€18,740
- Tax, wage and social debts -€922
down €922 (-12.9%), from €7,139 to €6,216
of which Taxes: -€922
- Gross operating margin -€7,417
down €7,417 (-18.9%), from €39,189 to €31,772
- Depreciation -€1,421
down €1,421 (-13.2%), from €10,741 to €9,320
- Taxes -€872
down €872 (-13.3%), from €6,546 to €5,673
- Other operating charges -€618
down €618 (-21.9%), from €2,819 to €2,201
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 | €64,368 | €42,938 | -€21,430 | -33.3% |
| Fixed assets | 21/28 | €13,586 | €17,189 | +€3,603 | +26.5% |
| Tangible fixed assets | 22/27 | €13,586 | €17,189 | +€3,603 | +26.5% |
| Furniture and vehicles | 24 | €3,460 | €14,153 | +€10,694 | +309% |
| Other tangible fixed assets | 26 | €10,127 | €3,036 | -€7,091 | -70.0% |
| Current assets | 29/58 | €50,782 | €25,749 | -€25,033 | -49.3% |
| Amounts receivable within one year | 40/41 | €22,327 | €11,666 | -€10,662 | -47.8% |
| Trade receivables | 40 | €16,045 | €8,630 | -€7,415 | -46.2% |
| Other amounts receivable | 41 | €6,282 | €3,036 | -€3,247 | -51.7% |
| Cash at bank and in hand | 54/58 | €26,329 | €10,553 | -€15,776 | -59.9% |
| Deferred charges and accrued income | 490/1 | €2,126 | €3,530 | +€1,404 | +66.0% |
| Total equity and liabilities | 10/49 | €64,368 | €42,938 | -€21,430 | -33.3% |
| Equity | 10/15 | €55,546 | €34,945 | -€20,600 | -37.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,946 | €16,345 | -€20,600 | -55.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €35,086 | €16,345 | -€18,740 | -53.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,823 | €7,993 | -€830 | -9.4% |
| Amounts payable within one year | 42/48 | €8,823 | €7,993 | -€830 | -9.4% |
| Trade debts | 44 | €1,184 | €1,776 | +€593 | +50.1% |
| Suppliers | 440/4 | €1,184 | €1,776 | +€593 | +50.1% |
| Taxes, remuneration and social security | 45 | €7,139 | €6,216 | -€922 | -12.9% |
| Taxes | 450/3 | €5,539 | €4,616 | -€922 | -16.7% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 47/48 | €500 | €0 | -€500 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,741 | €9,320 | -€1,421 | -13.2% |
| Other operating charges | 640/8 | €2,819 | €2,201 | -€618 | -21.9% |
| Non-recurring operating charges | 66A | - | €77 | +€77 | |
| Gross operating margin | 9900 | €39,189 | €31,772 | -€7,417 | -18.9% |
| Operating profit (loss) | 9901 | €25,629 | €20,174 | -€5,455 | -21.3% |
| Financial income | 75/76B | €125 | €178 | +€53 | +42.0% |
| Recurring financial income | 75 | €125 | €178 | +€53 | +42.0% |
| Financial charges | 65/66B | €216 | €194 | -€22 | -10.4% |
| Recurring financial charges | 65 | €216 | €194 | -€22 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €25,538 | €20,158 | -€5,380 | -21.1% |
| Income taxes | 67/77 | €6,546 | €5,673 | -€872 | -13.3% |
| Profit (loss) for the period | 9904 | €18,992 | €14,485 | -€4,507 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,992 | €14,485 | -€4,507 | -23.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.