BEDACO: 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.
BEDACO
Largest movements
- Receivables within one year +€580,128
up €580,128 (+92.9%), from €624,585 to €1.2m
of which Other amounts receivable: +€604,328
- Current investments -€250,000
down €250,000 (-29.6%), from €845,750 to €595,750
- Cash -€209,286
down €209,286 (-13.1%), from €1.6m to €1.4m
mainly Receivables within one year (-€580,128) and Deferred charges and accrued income (-€44,526)
- Reserves +€180,062
up €180,062 (+4.8%), from €3.8m to €3.9m
of which Distributable reserves: +€180,062
- Financial charges +€272,635
up €272,635, from -€17,921 to €254,714
- Gross operating margin -€125,476
down €125,476 (-22.6%), from €554,191 to €428,716
- Taxes -€97,417
down €97,417 (-64.6%), from €150,771 to €53,354
- Financial income +€8,605
up €8,605 (+16.6%), from €51,809 to €60,414
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 | €6,171,267 | €6,331,627 | +€160,360 | +2.6% |
| Fixed assets | 21/28 | €2,399,700 | €2,399,700 | = | 0.0% |
| Financial fixed assets | 28 | €2,399,700 | €2,399,700 | = | 0.0% |
| Current assets | 29/58 | €3,771,567 | €3,931,927 | +€160,360 | +4.3% |
| Amounts receivable after more than one year | 29 | €475,008 | €470,000 | -€5,008 | -1.1% |
| Other amounts receivable | 291 | €475,008 | €470,000 | -€5,008 | -1.1% |
| Amounts receivable within one year | 40/41 | €624,585 | €1,204,713 | +€580,128 | +92.9% |
| Trade receivables | 40 | €72,600 | €48,400 | -€24,200 | -33.3% |
| Other amounts receivable | 41 | €551,985 | €1,156,313 | +€604,328 | +109% |
| Current investments | 50/53 | €845,750 | €595,750 | -€250,000 | -29.6% |
| Cash at bank and in hand | 54/58 | €1,602,167 | €1,392,881 | -€209,286 | -13.1% |
| Deferred charges and accrued income | 490/1 | €224,057 | €268,583 | +€44,526 | +19.9% |
| Total equity and liabilities | 10/49 | €6,171,267 | €6,331,627 | +€160,360 | +2.6% |
| Equity | 10/15 | €6,132,840 | €6,312,903 | +€180,062 | +2.9% |
| Contributions | 10/11 | €2,380,000 | €2,380,000 | = | 0.0% |
| Reserves | 13 | €3,752,840 | €3,932,903 | +€180,062 | +4.8% |
| Non-distributable reserves | 130/1 | €62,878 | €62,878 | = | 0.0% |
| Reserves not available under the articles | 1311 | €62,878 | €62,878 | = | 0.0% |
| Distributable reserves | 133 | €3,689,962 | €3,870,024 | +€180,062 | +4.9% |
| Amounts payable | 17/49 | €38,427 | €18,725 | -€19,702 | -51.3% |
| Amounts payable within one year | 42/48 | €38,427 | €18,725 | -€19,702 | -51.3% |
| Trade debts | 44 | €2,207 | €2,904 | +€697 | +31.6% |
| Suppliers | 440/4 | €2,207 | €2,904 | +€697 | +31.6% |
| Taxes, remuneration and social security | 45 | €17,591 | €14,921 | -€2,670 | -15.2% |
| Taxes | 450/3 | €14,636 | €14,921 | +€284 | +1.9% |
| Remuneration and social security | 454/9 | €2,955 | - | -€2,955 | |
| Other amounts payable | 47/48 | €18,629 | €900 | -€17,729 | -95.2% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €554,191 | €428,716 | -€125,476 | -22.6% |
| Operating profit (loss) | 9901 | €553,224 | €427,717 | -€125,507 | -22.7% |
| Financial income | 75/76B | €51,809 | €60,414 | +€8,605 | +16.6% |
| Recurring financial income | 75 | €51,809 | €60,414 | +€8,605 | +16.6% |
| Financial charges | 65/66B | -€17,921 | €254,714 | +€272,635 | |
| Recurring financial charges | 65 | -€17,921 | €254,714 | +€272,635 | |
| Profit (loss) for the period before taxes | 9903 | €622,953 | €233,416 | -€389,537 | -62.5% |
| Income taxes | 67/77 | €150,771 | €53,354 | -€97,417 | -64.6% |
| Profit (loss) for the period | 9904 | €472,183 | €180,062 | -€292,120 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €472,183 | €180,062 | -€292,120 | -61.9% |
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.