BEDA- DE BLOCK: 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.
What changed
BEDA- DE BLOCK
NACE 47.621, Retail sale of newspapers and periodicals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€212,745
2024 · €124,813+€87,932
Equity
€969,722
2024 · €756,977+€212,745
Cash
€165,802
2024 · €225,490-€59,688
Balance sheet total
€2.9m
2024 · €2.9m+€1,268
Largest movements
Assets
- Receivables within one year +€78,398
up €78,398 (+5.9%), from €1.3m to €1.4m
of which Trade receivables: +€85,153
- Cash -€59,688
down €59,688 (-26.5%), from €225,490 to €165,802
mainly Debts after one year (-€252,155) and Investment in fixed assets (net) (-€155,257)
Equity and liabilities
- Debts after one year -€252,155
down €252,155 (-25.9%), from €974,187 to €722,031
- Reserves +€212,745
up €212,745 (+28.9%), from €736,005 to €948,750
of which Distributable reserves: +€212,745
- Advances received +€91,179
new in 2025: €91,179
Income statement
- Gross operating margin +€124,227
up €124,227 (+14.1%), from €878,118 to €1.0m
- Taxes +€46,134
up €46,134 (+96.1%), from €47,993 to €94,127
- Staff costs -€18,559
down €18,559 (-4.0%), from €462,802 to €444,243
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.
Result 2024
€124,813
Gross operating margin
+€124,227
Staff costs
+€18,559
Depreciation
-€3,649
Write-downs
+€2,101
Other operating charges
-€844
Financial income
+€100
Financial charges
-€6,428
Taxes
-€46,134
Result 2025
€212,745
raises the resultlowers the result
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.
From operations
+€393,761
Investment
-€179,335
Financing
-€274,115
Cash 2024
€225,490
From operations (derived)
+€393,761
Net result for the year
+€212,745
Depreciation
+€187,458
Stocks and contracts
+€19,627
Receivables within one year
-€78,398
Deferred charges and accrued income
-€10,309
Trade debts
-€18,323
Tax, wage and social debts
-€3,120
Advances received
+€91,179
Other debts
-€6,515
Accrued charges and deferred income
-€584
Investment (derived)
-€179,335
Investment in fixed assets (net)
-€155,257
Current investments
-€24,078
Financing
-€274,115
Debts after one year
-€252,155
Current portion of long-term debt
-€21,959
Cash 2025
€165,802
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,890,293 | €2,891,561 | +€1,268 | 0.0% |
| Fixed assets | 21/28 | €1,112,255 | €1,080,054 | -€32,201 | -2.9% |
| Intangible fixed assets | 21 | €53,315 | €33,315 | -€20,000 | -37.5% |
| Tangible fixed assets | 22/27 | €1,058,940 | €1,046,739 | -€12,201 | -1.2% |
| Land and buildings | 22 | €684,770 | €675,770 | -€9,000 | -1.3% |
| Plant, machinery and equipment | 23 | €8,234 | €22,268 | +€14,034 | +170% |
| Furniture and vehicles | 24 | €365,936 | €348,701 | -€17,235 | -4.7% |
| Current assets | 29/58 | €1,778,038 | €1,811,507 | +€33,469 | +1.9% |
| Stocks and contracts in progress | 3 | €103,124 | €83,497 | -€19,627 | -19.0% |
| Stocks | 30/36 | €103,124 | €83,497 | -€19,627 | -19.0% |
| Amounts receivable within one year | 40/41 | €1,324,624 | €1,403,021 | +€78,398 | +5.9% |
| Trade receivables | 40 | €1,317,839 | €1,402,992 | +€85,153 | +6.5% |
| Other amounts receivable | 41 | €6,784 | €29 | -€6,755 | -99.6% |
| Current investments | 50/53 | €123,143 | €147,221 | +€24,078 | +19.6% |
| Cash at bank and in hand | 54/58 | €225,490 | €165,802 | -€59,688 | -26.5% |
| Deferred charges and accrued income | 490/1 | €1,657 | €11,966 | +€10,309 | +622% |
| Total equity and liabilities | 10/49 | €2,890,293 | €2,891,561 | +€1,268 | 0.0% |
| Equity | 10/15 | €756,977 | €969,722 | +€212,745 | +28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €736,005 | €948,750 | +€212,745 | +28.9% |
| Tax-exempt reserves | 132 | €52,000 | €52,000 | = | 0.0% |
| Distributable reserves | 133 | €684,005 | €896,750 | +€212,745 | +31.1% |
| Profit (loss) carried forward | 14 | €2,373 | €2,373 | = | 0.0% |
| Amounts payable | 17/49 | €2,133,316 | €1,921,839 | -€211,477 | -9.9% |
| Amounts payable after more than one year | 17 | €974,187 | €722,031 | -€252,155 | -25.9% |
| Financial debts | 170/4 | €974,187 | €722,031 | -€252,155 | -25.9% |
| Amounts payable within one year | 42/48 | €1,152,412 | €1,193,675 | +€41,262 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €276,562 | €254,603 | -€21,959 | -7.9% |
| Trade debts | 44 | €750,229 | €731,906 | -€18,323 | -2.4% |
| Suppliers | 440/4 | €750,229 | €731,906 | -€18,323 | -2.4% |
| Advances received on contracts in progress | 46 | - | €91,179 | +€91,179 | |
| Taxes, remuneration and social security | 45 | €81,868 | €78,748 | -€3,120 | -3.8% |
| Taxes | 450/3 | €31,577 | €45,830 | +€14,253 | +45.1% |
| Remuneration and social security | 454/9 | €50,290 | €32,918 | -€17,372 | -34.5% |
| Other amounts payable | 47/48 | €43,754 | €37,238 | -€6,515 | -14.9% |
| Accrued charges and deferred income | 492/3 | €6,716 | €6,133 | -€584 | -8.7% |
| Non-recurring operating income | 76A | €868 | - | -€868 | |
| Remuneration, social security and pensions | 62 | €462,802 | €444,243 | -€18,559 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,809 | €187,458 | +€3,649 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,101 | - | -€2,101 | |
| Other operating charges | 640/8 | €26,709 | €27,553 | +€844 | +3.2% |
| Gross operating margin | 9900 | €878,118 | €1,002,345 | +€124,227 | +14.1% |
| Operating profit (loss) | 9901 | €202,697 | €343,092 | +€140,395 | +69.3% |
| Financial income | 75/76B | €110 | €210 | +€100 | +90.5% |
| Recurring financial income | 75 | €110 | €210 | +€100 | +90.5% |
| Financial charges | 65/66B | €30,001 | €36,430 | +€6,428 | +21.4% |
| Recurring financial charges | 65 | €30,001 | €36,430 | +€6,428 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €172,806 | €306,872 | +€134,066 | +77.6% |
| Income taxes | 67/77 | €47,993 | €94,127 | +€46,134 | +96.1% |
| Profit (loss) for the period | 9904 | €124,813 | €212,745 | +€87,932 | +70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €124,813 | €212,745 | +€87,932 | +70.5% |
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 16 October 2026 via checked.be.