BECOVFIDUS: 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.
BECOVFIDUS
Largest movements
- Receivables within one year -€173,237
down €173,237 (-77.7%), from €222,936 to €49,699
of which Trade receivables: -€147,149
- Current investments +€139,797
up €139,797 (+25.9%), from €540,440 to €680,237
- Cash +€28,570
up €28,570 (+108.5%), from €26,342 to €54,912
mainly Receivables within one year (+€173,237) and Net result for the year (+€49,284)
- Tax, wage and social debts -€18,715
down €18,715 (-52.4%), from €35,710 to €16,996
- Other debts +€13,100
up €13,100 (+29.8%), from €44,000 to €57,100
- Gross operating margin -€342,827
down €342,827 (-84.3%), from €406,653 to €63,826
- Taxes -€98,961
down €98,961 (-83.2%), from €118,942 to €19,981
- Write-downs -€17,752
no longer reported in 2025 (was €17,752)
- Financial income +€5,764
up €5,764 (+63.3%), from €9,110 to €14,874
- Staff costs -€4,815
down €4,815 (-98.7%), from €4,878 to €63
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 | €823,517 | €807,215 | -€16,302 | -2.0% |
| Fixed assets | 21/28 | €25,744 | €18,166 | -€7,578 | -29.4% |
| Tangible fixed assets | 22/27 | €25,744 | €18,166 | -€7,578 | -29.4% |
| Furniture and vehicles | 24 | €25,744 | €18,166 | -€7,578 | -29.4% |
| Current assets | 29/58 | €797,773 | €789,049 | -€8,724 | -1.1% |
| Amounts receivable within one year | 40/41 | €222,936 | €49,699 | -€173,237 | -77.7% |
| Trade receivables | 40 | €190,511 | €43,362 | -€147,149 | -77.2% |
| Other amounts receivable | 41 | €32,425 | €6,337 | -€26,088 | -80.5% |
| Current investments | 50/53 | €540,440 | €680,237 | +€139,797 | +25.9% |
| Cash at bank and in hand | 54/58 | €26,342 | €54,912 | +€28,570 | +108.5% |
| Deferred charges and accrued income | 490/1 | €8,055 | €4,200 | -€3,855 | -47.9% |
| Total equity and liabilities | 10/49 | €823,517 | €807,215 | -€16,302 | -2.0% |
| Equity | 10/15 | €740,087 | €732,271 | -€7,816 | -1.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €640,070 | €632,250 | -€7,820 | -1.2% |
| Distributable reserves | 133 | €640,070 | €632,250 | -€7,820 | -1.2% |
| Profit (loss) carried forward | 14 | €17 | €21 | +€4 | +25.7% |
| Amounts payable | 17/49 | €83,430 | €74,944 | -€8,486 | -10.2% |
| Amounts payable within one year | 42/48 | €83,339 | €74,853 | -€8,486 | -10.2% |
| Trade debts | 44 | €3,629 | €757 | -€2,872 | -79.1% |
| Suppliers | 440/4 | €3,629 | €757 | -€2,872 | -79.1% |
| Taxes, remuneration and social security | 45 | €35,710 | €16,996 | -€18,715 | -52.4% |
| Taxes | 450/3 | €35,710 | €16,996 | -€18,715 | -52.4% |
| Other amounts payable | 47/48 | €44,000 | €57,100 | +€13,100 | +29.8% |
| Accrued charges and deferred income | 492/3 | €91 | €91 | -€0 | -0.2% |
| Non-recurring operating income | 76A | €290,405 | - | -€290,405 | |
| Remuneration, social security and pensions | 62 | €4,878 | €63 | -€4,815 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,336 | €7,578 | -€758 | -9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,752 | - | -€17,752 | |
| Other operating charges | 640/8 | €1,089 | €1,182 | +€93 | +8.5% |
| Gross operating margin | 9900 | €406,653 | €63,826 | -€342,827 | -84.3% |
| Operating profit (loss) | 9901 | €374,598 | €55,003 | -€319,595 | -85.3% |
| Financial income | 75/76B | €9,110 | €14,874 | +€5,764 | +63.3% |
| Recurring financial income | 75 | €9,110 | €14,874 | +€5,764 | +63.3% |
| Financial charges | 65/66B | €695 | €611 | -€84 | -12.0% |
| Recurring financial charges | 65 | €695 | €611 | -€84 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €383,012 | €69,266 | -€313,747 | -81.9% |
| Income taxes | 67/77 | €118,942 | €19,981 | -€98,961 | -83.2% |
| Profit (loss) for the period | 9904 | €264,070 | €49,284 | -€214,786 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €264,070 | €49,284 | -€214,786 | -81.3% |
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.