BEDA: 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.
BEDA
Largest movements
- Current investments +€55,000
up €55,000 (+34.4%), from €160,000 to €215,000
- Cash -€8,120
down €8,120 (-54.4%), from €14,932 to €6,811
mainly Current investments (-€55,000) and Receivables within one year (-€2,217)
- Tangible fixed assets -€3,802
down €3,802 (-10.4%), from €36,443 to €32,641
- Deferred charges and accrued income -€2,725
down €2,725 (-24.3%), from €11,236 to €8,510
- Profit (loss) carried forward +€42,320
up €42,320 (+27.4%), from €154,588 to €196,908
- Gross operating margin +€4,782
up €4,782 (+7.8%), from €61,663 to €66,445
- Financial income -€1,286
down €1,286 (-31.2%), from €4,128 to €2,841
- Write-downs +€1,063
new in 2025: €1,063
- Financial charges -€734
down €734 (-80.3%), from €914 to €180
- Taxes +€733
up €733 (+5.5%), from €13,374 to €14,107
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 | €223,140 | €265,709 | +€42,569 | +19.1% |
| Fixed assets | 21/28 | €36,443 | €32,641 | -€3,802 | -10.4% |
| Tangible fixed assets | 22/27 | €36,443 | €32,641 | -€3,802 | -10.4% |
| Land and buildings | 22 | €36,443 | €32,641 | -€3,802 | -10.4% |
| Current assets | 29/58 | €186,697 | €233,068 | +€46,371 | +24.8% |
| Amounts receivable within one year | 40/41 | €529 | €2,746 | +€2,217 | +419.1% |
| Trade receivables | 40 | €244 | €0 | -€244 | -100.0% |
| Other amounts receivable | 41 | €285 | €2,746 | +€2,461 | +864.1% |
| Current investments | 50/53 | €160,000 | €215,000 | +€55,000 | +34.4% |
| Cash at bank and in hand | 54/58 | €14,932 | €6,811 | -€8,120 | -54.4% |
| Deferred charges and accrued income | 490/1 | €11,236 | €8,510 | -€2,725 | -24.3% |
| Total equity and liabilities | 10/49 | €223,140 | €265,709 | +€42,569 | +19.1% |
| Equity | 10/15 | €222,788 | €265,108 | +€42,320 | +19.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,588 | €196,908 | +€42,320 | +27.4% |
| Amounts payable | 17/49 | €352 | €601 | +€249 | +70.8% |
| Amounts payable within one year | 42/48 | €352 | €601 | +€249 | +70.8% |
| Trade debts | 44 | €216 | €465 | +€249 | +115.3% |
| Suppliers | 440/4 | €216 | €465 | +€249 | +115.3% |
| Taxes, remuneration and social security | 45 | €136 | €136 | = | 0.0% |
| Taxes | 450/3 | €136 | €136 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,802 | €3,802 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,063 | +€1,063 | |
| Other operating charges | 640/8 | €7,578 | €7,814 | +€236 | +3.1% |
| Gross operating margin | 9900 | €61,663 | €66,445 | +€4,782 | +7.8% |
| Operating profit (loss) | 9901 | €50,283 | €53,765 | +€3,482 | +6.9% |
| Financial income | 75/76B | €4,128 | €2,841 | -€1,286 | -31.2% |
| Recurring financial income | 75 | €4,128 | €2,841 | -€1,286 | -31.2% |
| Financial charges | 65/66B | €914 | €180 | -€734 | -80.3% |
| Recurring financial charges | 65 | €914 | €180 | -€734 | -80.3% |
| Profit (loss) for the period before taxes | 9903 | €53,496 | €56,427 | +€2,930 | +5.5% |
| Income taxes | 67/77 | €13,374 | €14,107 | +€733 | +5.5% |
| Profit (loss) for the period | 9904 | €40,122 | €42,320 | +€2,198 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,122 | €42,320 | +€2,198 | +5.5% |
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 1 October 2026 via checked.be.