BEDA Consulting: 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.
BEDA Consulting
Largest movements
- Tangible fixed assets -€37,046
down €37,046 (-56.6%), from €65,472 to €28,426
of which Plant, machinery and equipment: -€21,713
- Deferred charges and accrued income +€13,213
up €13,213 (+1,117%), from €1,183 to €14,396
- Receivables within one year -€10,287
down €10,287 (-88.5%), from €11,620 to €1,333
of which Trade receivables: -€10,186
- Stocks and contracts +€4,126
up €4,126 (+90.8%), from €4,546 to €8,672
- Cash -€3,137
down €3,137 (-41.7%), from €7,528 to €4,391
mainly Net result for the year (-€49,241) and Deferred charges and accrued income (-€13,213)
- Profit (loss) carried forward -€41,246
down €41,246 (-498%), from -€8,287 to -€49,534
- Other debts +€25,822
up €25,822 (+51.2%), from €50,473 to €76,296
- Tax, wage and social debts -€10,066
down €10,066 (-97.3%), from €10,341 to €275
- Reserves -€7,995
down €7,995 (-26.5%), from €30,167 to €22,172
of which Distributable reserves: -€6,135
- Trade debts +€1,783
up €1,783 (+66,040%), from €3 to €1,786
- Gross operating margin -€45,094
down €45,094, from €34,247 to -€10,847
- Financial charges -€4,254
down €4,254 (-85.4%), from €4,978 to €725
- Depreciation +€416
up €416 (+1.1%), from €36,631 to €37,046
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 | €90,350 | €57,219 | -€33,132 | -36.7% |
| Fixed assets | 21/28 | €65,472 | €28,426 | -€37,046 | -56.6% |
| Tangible fixed assets | 22/27 | €65,472 | €28,426 | -€37,046 | -56.6% |
| Land and buildings | 22 | €731 | €0 | -€731 | -100% |
| Plant, machinery and equipment | 23 | €28,000 | €6,287 | -€21,713 | -77.5% |
| Furniture and vehicles | 24 | €36,741 | €22,139 | -€14,602 | -39.7% |
| Current assets | 29/58 | €24,878 | €28,793 | +€3,915 | +15.7% |
| Stocks and contracts in progress | 3 | €4,546 | €8,672 | +€4,126 | +90.8% |
| Stocks | 30/36 | €4,546 | €8,672 | +€4,126 | +90.8% |
| Amounts receivable within one year | 40/41 | €11,620 | €1,333 | -€10,287 | -88.5% |
| Trade receivables | 40 | €10,269 | €83 | -€10,186 | -99.2% |
| Other amounts receivable | 41 | €1,352 | €1,250 | -€101 | -7.5% |
| Cash at bank and in hand | 54/58 | €7,528 | €4,391 | -€3,137 | -41.7% |
| Deferred charges and accrued income | 490/1 | €1,183 | €14,396 | +€13,213 | +1,117% |
| Total equity and liabilities | 10/49 | €90,350 | €57,219 | -€33,132 | -36.7% |
| Equity | 10/15 | €28,080 | -€21,162 | -€49,241 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,167 | €22,172 | -€7,995 | -26.5% |
| 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 | €28,307 | €22,172 | -€6,135 | -21.7% |
| Profit (loss) carried forward | 14 | -€8,287 | -€49,534 | -€41,246 | -498% |
| Amounts payable | 17/49 | €62,270 | €78,380 | +€16,110 | +25.9% |
| Amounts payable within one year | 42/48 | €62,270 | €78,380 | +€16,110 | +25.9% |
| Financial debts | 43 | €1,454 | €24 | -€1,430 | -98.4% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €1,454 | €24 | -€1,430 | -98.4% |
| Trade debts | 44 | €3 | €1,786 | +€1,783 | +66,040% |
| Suppliers | 440/4 | €3 | €1,786 | +€1,783 | +66,040% |
| Taxes, remuneration and social security | 45 | €10,341 | €275 | -€10,066 | -97.3% |
| Taxes | 450/3 | €10,341 | €275 | -€10,066 | -97.3% |
| Other amounts payable | 47/48 | €50,473 | €76,296 | +€25,822 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,631 | €37,046 | +€416 | +1.1% |
| Other operating charges | 640/8 | €618 | €392 | -€226 | -36.6% |
| Gross operating margin | 9900 | €34,247 | -€10,847 | -€45,094 | |
| Operating profit (loss) | 9901 | -€3,002 | -€48,285 | -€45,283 | -1,508% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200% |
| Financial charges | 65/66B | €4,978 | €725 | -€4,254 | -85.4% |
| Recurring financial charges | 65 | €4,978 | €725 | -€4,254 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,981 | -€49,010 | -€41,030 | -514% |
| Income taxes | 67/77 | €307 | €231 | -€75 | -24.5% |
| Profit (loss) for the period | 9904 | -€8,287 | -€49,241 | -€40,954 | -494% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,287 | -€49,241 | -€40,954 | -494% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.