BEDAWA: 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
BEDAWA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€23,026
2024 · €150,948-€173,974
Equity
€727,553
2024 · €752,508-€24,955
Cash
€12,378
2024 · €136,154-€123,776
Balance sheet total
€3.7m
2024 · €3.7m+€18,009
Largest movements
Assets
- Cash -€123,776
down €123,776 (-90.9%), from €136,154 to €12,378
mainly Investment in fixed assets (net) (-€155,698) and Receivables within one year (-€99,852)
- Receivables within one year +€99,852
up €99,852 (+101%), from €99,080 to €198,933
of which Trade receivables: +€97,693
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€735,494
down €735,494 (-99.0%), from €742,608 to €7,114
of which Non-recurring financial income: -€740,655
- Financial charges -€176,189
down €176,189 (-70.9%), from €248,444 to €72,256
- Depreciation -€156,950
down €156,950 (-55.5%), from €282,630 to €125,681
- Other operating charges -€30,358
down €30,358 (-57.4%), from €52,924 to €22,566
- Gross operating margin +€10,670
up €10,670 (+6.1%), from €174,058 to €184,728
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
€150,948
Gross operating margin
+€10,670
Depreciation
+€156,950
Other operating charges
+€30,358
Other operating items
-€4,245
Financial income
-€735,494
Financial charges
+€176,189
Deferred taxes and other
+€191,598
Result 2025
-€23,026
raises the resultlowers the resultnot broken down further in the accounts
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
+€3,424
Investment
-€155,698
Financing
+€28,498
Cash 2024
€136,154
From operations (derived)
+€3,424
Net result for the year
-€23,026
Depreciation
+€125,681
Receivables within one year
-€99,852
Deferred charges and accrued income
-€11,915
Provisions
-€9,879
Trade debts
+€11,848
Other debts
+€10,000
Accrued charges and deferred income
+€568
Investment (derived)
-€155,698
Investment in fixed assets (net)
-€155,698
Financing
+€28,498
Debts after one year
+€20,988
Current portion of long-term debt
+€8,943
Short-term financial debts
+€497
Contributions, distributions and other
-€1,929
Cash 2025
€12,378
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,655,001 | €3,673,010 | +€18,009 | +0.5% |
| Fixed assets | 21/28 | €3,419,622 | €3,449,640 | +€30,018 | +0.9% |
| Tangible fixed assets | 22/27 | €2,549,622 | €2,579,640 | +€30,018 | +1.2% |
| Land and buildings | 22 | €2,540,064 | €2,573,982 | +€33,918 | +1.3% |
| Plant, machinery and equipment | 23 | €515 | €387 | -€129 | -25.0% |
| Furniture and vehicles | 24 | €9,043 | €5,272 | -€3,772 | -41.7% |
| Financial fixed assets | 28 | €870,000 | €870,000 | = | 0.0% |
| Current assets | 29/58 | €235,379 | €223,370 | -€12,009 | -5.1% |
| Amounts receivable within one year | 40/41 | €99,080 | €198,933 | +€99,852 | +101% |
| Trade receivables | 40 | €1,326 | €99,019 | +€97,693 | +7,366% |
| Other amounts receivable | 41 | €97,754 | €99,913 | +€2,159 | +2.2% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €136,154 | €12,378 | -€123,776 | -90.9% |
| Deferred charges and accrued income | 490/1 | €144 | €12,059 | +€11,915 | +8,274% |
| Total equity and liabilities | 10/49 | €3,655,001 | €3,673,010 | +€18,009 | +0.5% |
| Equity | 10/15 | €752,508 | €727,553 | -€24,955 | -3.3% |
| Contributions | 10/11 | €456,144 | €456,144 | = | 0.0% |
| Capital | 10 | €456,144 | €456,144 | = | 0.0% |
| Issued capital | 100 | €456,144 | €456,144 | = | 0.0% |
| Reserves | 13 | €750,293 | €722,584 | -€27,709 | -3.7% |
| Non-distributable reserves | 130/1 | €11,200 | €11,200 | = | 0.0% |
| Legal reserve | 130 | €11,200 | €11,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €739,093 | €711,384 | -€27,709 | -3.7% |
| Profit (loss) carried forward | 14 | -€465,504 | -€460,821 | +€4,683 | +1.0% |
| Investment grants | 15 | €11,575 | €9,646 | -€1,929 | -16.7% |
| Provisions and deferred taxes | 16 | €250,223 | €240,343 | -€9,879 | -3.9% |
| Deferred taxes | 168 | €250,223 | €240,343 | -€9,879 | -3.9% |
| Amounts payable | 17/49 | €2,652,270 | €2,705,113 | +€52,843 | +2.0% |
| Amounts payable after more than one year | 17 | €2,418,320 | €2,439,308 | +€20,988 | +0.9% |
| Financial debts | 170/4 | €2,417,120 | €2,439,308 | +€22,188 | +0.9% |
| Other amounts payable | 178/9 | €1,200 | - | -€1,200 | |
| Amounts payable within one year | 42/48 | €233,950 | €265,238 | +€31,288 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €224,395 | €233,338 | +€8,943 | +4.0% |
| Financial debts | 43 | - | €497 | +€497 | |
| Credit institutions | 430/8 | - | €497 | +€497 | |
| Trade debts | 44 | - | €11,848 | +€11,848 | |
| Suppliers | 440/4 | - | €11,848 | +€11,848 | |
| Other amounts payable | 47/48 | €9,555 | €19,555 | +€10,000 | +105% |
| Accrued charges and deferred income | 492/3 | - | €568 | +€568 | |
| Non-recurring operating income | 76A | - | €6 | +€6 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282,630 | €125,681 | -€156,950 | -55.5% |
| Other operating charges | 640/8 | €52,924 | €22,566 | -€30,358 | -57.4% |
| Non-recurring operating charges | 66A | - | €4,245 | +€4,245 | |
| Gross operating margin | 9900 | €174,058 | €184,728 | +€10,670 | +6.1% |
| Operating profit (loss) | 9901 | -€161,496 | €32,237 | +€193,733 | |
| Financial income | 75/76B | €742,608 | €7,114 | -€735,494 | -99.0% |
| Recurring financial income | 75 | €1,952 | €7,114 | +€5,161 | +264% |
| Non-recurring financial income | 76B | €740,655 | - | -€740,655 | |
| Financial charges | 65/66B | €248,444 | €72,256 | -€176,189 | -70.9% |
| Recurring financial charges | 65 | €248,444 | €72,256 | -€176,189 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €332,667 | -€32,905 | -€365,572 | |
| Transfer from deferred taxes | 780 | €3,281 | €9,879 | +€6,598 | +201% |
| Transfer to deferred taxes | 680 | €185,000 | - | -€185,000 | |
| Profit (loss) for the period | 9904 | €150,948 | -€23,026 | -€173,974 | |
| Transfer from tax-exempt reserves | 789 | €7,652 | €27,709 | +€20,057 | +262% |
| Transfer to tax-exempt reserves | 689 | €555,000 | - | -€555,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€396,399 | €4,683 | +€401,083 |
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 17 October 2026 via checked.be.