Bed-art: 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.
Bed-art
Largest movements
- Stocks and contracts +€76,661
up €76,661 (+44.3%), from €173,048 to €249,709
of which Contracts in progress: +€38,357
- Tangible fixed assets -€49,165
down €49,165 (-27.2%), from €180,937 to €131,772
of which Other tangible fixed assets: -€41,337
- Cash +€29,371
up €29,371 (+107.4%), from €27,337 to €56,707
mainly Depreciation (+€49,165) and Trade debts (+€31,051)
- Deferred charges and accrued income -€10,679
down €10,679 (-98.4%), from €10,856 to €178
- Trade debts +€31,051
up €31,051 (+47.3%), from €65,668 to €96,718
- Debts after one year -€15,375
down €15,375 (-6.9%), from €221,827 to €206,453
- Tax, wage and social debts +€13,431
up €13,431 (+204.5%), from €6,569 to €20,000
of which Taxes: +€11,227
- Advances received +€10,582
up €10,582 (+21.9%), from €48,255 to €58,837
- Gross operating margin +€29,134
up €29,134 (+28.3%), from €102,928 to €132,062
- Depreciation -€5,661
down €5,661 (-10.3%), from €54,825 to €49,165
- Staff costs -€5,287
down €5,287 (-7.7%), from €68,875 to €63,588
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 | €479,368 | €522,805 | +€43,437 | +9.1% |
| Fixed assets | 21/28 | €227,554 | €178,390 | -€49,165 | -21.6% |
| Tangible fixed assets | 22/27 | €180,937 | €131,772 | -€49,165 | -27.2% |
| Plant, machinery and equipment | 23 | €16,495 | €8,667 | -€7,828 | -47.5% |
| Other tangible fixed assets | 26 | €164,442 | €123,105 | -€41,337 | -25.1% |
| Financial fixed assets | 28 | €46,618 | €46,618 | = | 0.0% |
| Current assets | 29/58 | €251,814 | €344,416 | +€92,602 | +36.8% |
| Stocks and contracts in progress | 3 | €173,048 | €249,709 | +€76,661 | +44.3% |
| Stocks | 30/36 | €173,048 | €211,352 | +€38,305 | +22.1% |
| Contracts in progress | 37 | - | €38,357 | +€38,357 | |
| Amounts receivable within one year | 40/41 | €40,573 | €37,822 | -€2,751 | -6.8% |
| Trade receivables | 40 | €13,480 | €37,822 | +€24,341 | +180.6% |
| Other amounts receivable | 41 | €27,093 | - | -€27,093 | |
| Cash at bank and in hand | 54/58 | €27,337 | €56,707 | +€29,371 | +107.4% |
| Deferred charges and accrued income | 490/1 | €10,856 | €178 | -€10,679 | -98.4% |
| Total equity and liabilities | 10/49 | €479,368 | €522,805 | +€43,437 | +9.1% |
| Equity | 10/15 | €1,973 | €4,034 | +€2,062 | +104.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,027 | -€35,966 | +€2,062 | +5.4% |
| Amounts payable | 17/49 | €477,395 | €518,771 | +€41,376 | +8.7% |
| Amounts payable after more than one year | 17 | €221,827 | €206,453 | -€15,375 | -6.9% |
| Financial debts | 170/4 | €221,827 | €206,453 | -€15,375 | -6.9% |
| Amounts payable within one year | 42/48 | €255,568 | €312,318 | +€56,750 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €17,184 | €17,911 | +€726 | +4.2% |
| Financial debts | 43 | €65,022 | €62,486 | -€2,536 | -3.9% |
| Credit institutions | 430/8 | €60,000 | €60,000 | = | 0.0% |
| Other loans | 439 | €5,022 | €2,486 | -€2,536 | -50.5% |
| Trade debts | 44 | €65,668 | €96,718 | +€31,051 | +47.3% |
| Suppliers | 440/4 | €65,668 | €96,718 | +€31,051 | +47.3% |
| Advances received on contracts in progress | 46 | €48,255 | €58,837 | +€10,582 | +21.9% |
| Taxes, remuneration and social security | 45 | €6,569 | €20,000 | +€13,431 | +204.5% |
| Taxes | 450/3 | - | €11,227 | +€11,227 | |
| Remuneration and social security | 454/9 | €6,569 | €8,772 | +€2,204 | +33.6% |
| Other amounts payable | 47/48 | €52,870 | €56,366 | +€3,496 | +6.6% |
| Remuneration, social security and pensions | 62 | €68,875 | €63,588 | -€5,287 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,825 | €49,165 | -€5,661 | -10.3% |
| Other operating charges | 640/8 | €3,149 | €4,284 | +€1,135 | +36.0% |
| Gross operating margin | 9900 | €102,928 | €132,062 | +€29,134 | +28.3% |
| Operating profit (loss) | 9901 | -€23,921 | €15,025 | +€38,946 | |
| Financial income | 75/76B | €4 | €110 | +€106 | +2988.2% |
| Recurring financial income | 75 | €4 | €110 | +€106 | +2988.2% |
| Financial charges | 65/66B | €14,110 | €13,074 | -€1,036 | -7.3% |
| Recurring financial charges | 65 | €14,110 | €13,074 | -€1,036 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€38,027 | €2,062 | +€40,089 | |
| Profit (loss) for the period | 9904 | -€38,027 | €2,062 | +€40,089 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,027 | €2,062 | +€40,089 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.