BEDECOR: 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.
BEDECOR
Largest movements
- Cash +€43,392
up €43,392 (+42.8%), from €101,305 to €144,697
mainly Receivables within one year (+€27,905) and Net result for the year (+€17,328)
- Receivables within one year -€27,905
down €27,905 (-97.1%), from €28,743 to €838
of which Other amounts receivable: -€23,785
- Tangible fixed assets -€6,202
down €6,202 (-16.3%), from €38,164 to €31,962
of which Land and buildings: -€5,429
- Profit (loss) carried forward +€17,328
up €17,328 (+13.5%), from €128,456 to €145,783
- Trade debts -€8,500
down €8,500 (-50.0%), from €16,989 to €8,490
- Tax, wage and social debts -€4,110
down €4,110 (-20.4%), from €20,176 to €16,065
- Other debts +€3,427
new in 2025: €3,427
- Purchases and services +€63,410
up €63,410 (+53.3%), from €119,053 to €182,464
- Turnover -€27,282
down €27,282 (-11.6%), from €235,730 to €208,448
- Taxes +€4,359
up €4,359 (+294%), from €1,484 to €5,843
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 | €261,444 | €270,340 | +€8,896 | +3.4% |
| Fixed assets | 21/28 | €38,423 | €31,962 | -€6,461 | -16.8% |
| Tangible fixed assets | 22/27 | €38,164 | €31,962 | -€6,202 | -16.3% |
| Land and buildings | 22 | €35,201 | €29,772 | -€5,429 | -15.4% |
| Plant, machinery and equipment | 23 | €385 | €257 | -€129 | -33.4% |
| Furniture and vehicles | 24 | €2,578 | €1,933 | -€644 | -25.0% |
| Financial fixed assets | 28 | €259 | - | -€259 | |
| Current assets | 29/58 | €223,021 | €238,378 | +€15,357 | +6.9% |
| Stocks and contracts in progress | 3 | €30,175 | €29,525 | -€650 | -2.2% |
| Stocks | 30/36 | €30,175 | €29,525 | -€650 | -2.2% |
| Amounts receivable within one year | 40/41 | €28,743 | €838 | -€27,905 | -97.1% |
| Trade receivables | 40 | €4,958 | €838 | -€4,120 | -83.1% |
| Other amounts receivable | 41 | €23,785 | - | -€23,785 | |
| Current investments | 50/53 | €62,798 | €63,317 | +€519 | +0.8% |
| Cash at bank and in hand | 54/58 | €101,305 | €144,697 | +€43,392 | +42.8% |
| Total equity and liabilities | 10/49 | €261,444 | €270,340 | +€8,896 | +3.4% |
| Equity | 10/15 | €222,095 | €239,422 | +€17,328 | +7.8% |
| Contributions | 10/11 | €85,126 | €85,126 | = | 0.0% |
| Capital | 10 | €85,126 | €85,126 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Uncalled capital | 101 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €8,513 | €8,513 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,513 | €8,513 | = | 0.0% |
| Legal reserve | 130 | €8,513 | €8,513 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,456 | €145,783 | +€17,328 | +13.5% |
| Amounts payable | 17/49 | €39,350 | €30,917 | -€8,432 | -21.4% |
| Amounts payable within one year | 42/48 | €38,935 | €30,917 | -€8,018 | -20.6% |
| Trade debts | 44 | €16,989 | €8,490 | -€8,500 | -50.0% |
| Suppliers | 440/4 | €16,989 | €8,490 | -€8,500 | -50.0% |
| Advances received on contracts in progress | 46 | €1,770 | €2,935 | +€1,165 | +65.8% |
| Taxes, remuneration and social security | 45 | €20,176 | €16,065 | -€4,110 | -20.4% |
| Taxes | 450/3 | €20,176 | €16,065 | -€4,110 | -20.4% |
| Other amounts payable | 47/48 | - | €3,427 | +€3,427 | |
| Accrued charges and deferred income | 492/3 | €415 | - | -€415 | |
| Turnover | 70 | €235,730 | €208,448 | -€27,282 | -11.6% |
| Non-recurring operating income | 76A | €5,578 | €6,475 | +€897 | +16.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €119,053 | €182,464 | +€63,410 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,202 | €6,202 | = | 0.0% |
| Other operating charges | 640/8 | €4,801 | €4,586 | -€215 | -4.5% |
| Non-recurring operating charges | 66A | €628 | - | -€628 | |
| Gross operating margin | 9900 | €32,565 | €32,460 | -€106 | -0.3% |
| Operating profit (loss) | 9901 | €20,934 | €21,672 | +€738 | +3.5% |
| Financial income | 75/76B | €535 | €1,732 | +€1,198 | +224% |
| Recurring financial income | 75 | €535 | €1,732 | +€1,198 | +224% |
| Non-recurring financial income | 76B | €535 | €1,732 | +€1,198 | +224% |
| Financial charges | 65/66B | €647 | €234 | -€413 | -63.8% |
| Recurring financial charges | 65 | €647 | €234 | -€413 | -63.8% |
| Non-recurring financial charges | 66B | €647 | €234 | -€413 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €20,822 | €23,171 | +€2,348 | +11.3% |
| Income taxes | 67/77 | €1,484 | €5,843 | +€4,359 | +294% |
| Profit (loss) for the period | 9904 | €19,338 | €17,328 | -€2,010 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,338 | €17,328 | -€2,010 | -10.4% |
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 18 October 2026 via checked.be.