BECURIAN: 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.
BECURIAN
Largest movements
- Stocks and contracts +€16,060
up €16,060 (+26.2%), from €61,309 to €77,369
- Receivables within one year -€7,049
down €7,049 (-91.4%), from €7,711 to €662
of which Trade receivables: -€5,676
- Cash +€5,499
up €5,499 (+10.7%), from €51,342 to €56,841
mainly Other debts (+€26,379) and Receivables within one year (+€7,049)
- Tangible fixed assets -€3,311
down €3,311 (-12.0%), from €27,658 to €24,347
- Other debts +€26,379
up €26,379 (+127.4%), from €20,711 to €47,090
- Profit (loss) carried forward -€9,713
new in 2025: -€9,713
- Trade debts -€7,083
down €7,083 (-17.5%), from €40,395 to €33,312
- Gross operating margin -€10,919
down €10,919, from €10,781 to -€139
- Financial charges +€2,101
up €2,101 (+103.7%), from €2,025 to €4,126
- Depreciation -€485
down €485 (-10.4%), from €4,645 to €4,160
- Staff costs -€459
down €459 (-42.5%), from €1,079 to €620
- Other operating charges +€315
up €315 (+66.0%), from €476 to €791
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 | €156,544 | €164,491 | +€7,947 | +5.1% |
| Fixed assets | 21/28 | €33,915 | €28,568 | -€5,347 | -15.8% |
| Intangible fixed assets | 21 | €1,007 | €471 | -€536 | -53.2% |
| Tangible fixed assets | 22/27 | €27,658 | €24,347 | -€3,311 | -12.0% |
| Plant, machinery and equipment | 23 | €9,971 | €8,821 | -€1,151 | -11.5% |
| Furniture and vehicles | 24 | €1,639 | €980 | -€659 | -40.2% |
| Other tangible fixed assets | 26 | €16,048 | €14,546 | -€1,502 | -9.4% |
| Financial fixed assets | 28 | €5,250 | €3,750 | -€1,500 | -28.6% |
| Current assets | 29/58 | €122,629 | €135,923 | +€13,294 | +10.8% |
| Stocks and contracts in progress | 3 | €61,309 | €77,369 | +€16,060 | +26.2% |
| Stocks | 30/36 | €61,309 | €77,369 | +€16,060 | +26.2% |
| Amounts receivable within one year | 40/41 | €7,711 | €662 | -€7,049 | -91.4% |
| Trade receivables | 40 | €6,338 | €662 | -€5,676 | -89.6% |
| Other amounts receivable | 41 | €1,373 | - | -€1,373 | |
| Cash at bank and in hand | 54/58 | €51,342 | €56,841 | +€5,499 | +10.7% |
| Deferred charges and accrued income | 490/1 | €2,267 | €1,051 | -€1,216 | -53.6% |
| Total equity and liabilities | 10/49 | €156,544 | €164,491 | +€7,947 | +5.1% |
| Equity | 10/15 | €87,391 | €77,678 | -€9,713 | -11.1% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €2,391 | €2,391 | = | 0.0% |
| Distributable reserves | 133 | €2,391 | €2,391 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,713 | -€9,713 | |
| Amounts payable | 17/49 | €69,153 | €86,813 | +€17,660 | +25.5% |
| Amounts payable within one year | 42/48 | €69,153 | €86,813 | +€17,660 | +25.5% |
| Trade debts | 44 | €40,395 | €33,312 | -€7,083 | -17.5% |
| Suppliers | 440/4 | €40,395 | €33,312 | -€7,083 | -17.5% |
| Taxes, remuneration and social security | 45 | €8,047 | €6,411 | -€1,636 | -20.3% |
| Taxes | 450/3 | €283 | €5,927 | +€5,644 | +1996.5% |
| Remuneration and social security | 454/9 | €7,765 | €485 | -€7,280 | -93.8% |
| Other amounts payable | 47/48 | €20,711 | €47,090 | +€26,379 | +127.4% |
| Remuneration, social security and pensions | 62 | €1,079 | €620 | -€459 | -42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,645 | €4,160 | -€485 | -10.4% |
| Other operating charges | 640/8 | €476 | €791 | +€315 | +66.0% |
| Gross operating margin | 9900 | €10,781 | -€139 | -€10,919 | |
| Operating profit (loss) | 9901 | €4,580 | -€5,710 | -€10,290 | |
| Financial income | 75/76B | €119 | €298 | +€179 | +150.0% |
| Recurring financial income | 75 | €119 | €298 | +€179 | +150.0% |
| Financial charges | 65/66B | €2,025 | €4,126 | +€2,101 | +103.7% |
| Recurring financial charges | 65 | €2,025 | €4,126 | +€2,101 | +103.7% |
| Profit (loss) for the period before taxes | 9903 | €2,674 | -€9,539 | -€12,213 | |
| Income taxes | 67/77 | €283 | €175 | -€108 | -38.1% |
| Profit (loss) for the period | 9904 | €2,391 | -€9,713 | -€12,105 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,391 | -€9,713 | -€12,105 |
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 30 September 2026 via checked.be.