BEDECOUVERTE: what changed
Two fiscal 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.
BEDECOUVERTE
Largest movements
- Cash -€37,934
down €37,934 (-57.5%), from €66,010 to €28,076
mainly Contributions, distributions and other (-€53,400) and Debts after one year (-€26,246)
- Tangible fixed assets -€17,998
down €17,998 (-7.8%), from €231,572 to €213,574
of which Land and buildings: -€15,393
- Stocks and contracts -€17,430
down €17,430 (-12.0%), from €144,703 to €127,273
- Deferred charges and accrued income +€4,542
up €4,542 (+1409.9%), from €322 to €4,864
- Reserves -€51,200
down €51,200 (-53.7%), from €95,300 to €44,100
of which Distributable reserves: -€51,200
- Other debts +€27,593
up €27,593 (+206.4%), from €13,367 to €40,960
- Debts after one year -€26,246
down €26,246 (-14.3%), from €182,910 to €156,663
- Trade debts -€11,698
down €11,698 (-60.0%), from €19,510 to €7,813
- Tax, wage and social debts -€7,780
down €7,780 (-25.8%), from €30,205 to €22,425
of which Remuneration and social security: -€6,120
- Gross operating margin -€42,693
down €42,693 (-28.2%), from €151,568 to €108,874
- Staff costs -€29,312
down €29,312 (-29.3%), from €100,087 to €70,775
- Taxes -€4,392
down €4,392 (-69.9%), from €6,282 to €1,891
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.
Cash bridge derived
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 | €452,347 | €381,884 | -€70,462 | -15.6% |
| Fixed assets | 21/28 | €231,727 | €213,728 | -€17,998 | -7.8% |
| Tangible fixed assets | 22/27 | €231,572 | €213,574 | -€17,998 | -7.8% |
| Land and buildings | 22 | €227,601 | €212,209 | -€15,393 | -6.8% |
| Plant, machinery and equipment | 23 | €316 | €210 | -€105 | -33.3% |
| Furniture and vehicles | 24 | €3,655 | €1,155 | -€2,500 | -68.4% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €220,620 | €168,156 | -€52,464 | -23.8% |
| Stocks and contracts in progress | 3 | €144,703 | €127,273 | -€17,430 | -12.0% |
| Stocks | 30/36 | €144,703 | €127,273 | -€17,430 | -12.0% |
| Amounts receivable within one year | 40/41 | €9,584 | €7,943 | -€1,641 | -17.1% |
| Trade receivables | 40 | €5,039 | €882 | -€4,157 | -82.5% |
| Other amounts receivable | 41 | €4,546 | €7,062 | +€2,516 | +55.3% |
| Cash at bank and in hand | 54/58 | €66,010 | €28,076 | -€37,934 | -57.5% |
| Deferred charges and accrued income | 490/1 | €322 | €4,864 | +€4,542 | +1409.9% |
| Total equity and liabilities | 10/49 | €452,347 | €381,884 | -€70,462 | -15.6% |
| Equity | 10/15 | €178,976 | €127,777 | -€51,199 | -28.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €95,300 | €44,100 | -€51,200 | -53.7% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Other | 1319 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €80,300 | €29,100 | -€51,200 | -63.8% |
| Profit (loss) carried forward | 14 | €63,676 | €63,677 | +€1 | 0.0% |
| Amounts payable | 17/49 | €273,370 | €254,107 | -€19,263 | -7.0% |
| Amounts payable after more than one year | 17 | €182,910 | €156,663 | -€26,246 | -14.3% |
| Financial debts | 170/4 | €182,910 | €156,663 | -€26,246 | -14.3% |
| Amounts payable within one year | 42/48 | €89,461 | €97,444 | +€7,983 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €26,378 | €26,246 | -€132 | -0.5% |
| Trade debts | 44 | €19,510 | €7,813 | -€11,698 | -60.0% |
| Suppliers | 440/4 | €19,510 | €7,813 | -€11,698 | -60.0% |
| Taxes, remuneration and social security | 45 | €30,205 | €22,425 | -€7,780 | -25.8% |
| Taxes | 450/3 | €9,746 | €8,085 | -€1,660 | -17.0% |
| Remuneration and social security | 454/9 | €20,459 | €14,340 | -€6,120 | -29.9% |
| Other amounts payable | 47/48 | €13,367 | €40,960 | +€27,593 | +206.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | €0 | -€1,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €100,087 | €70,775 | -€29,312 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,844 | €17,998 | +€1,155 | +6.9% |
| Other operating charges | 640/8 | €5,136 | €5,408 | +€272 | +5.3% |
| Gross operating margin | 9900 | €151,568 | €108,874 | -€42,693 | -28.2% |
| Operating profit (loss) | 9901 | €29,501 | €14,693 | -€14,808 | -50.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €10,348 | €10,601 | +€254 | +2.5% |
| Recurring financial charges | 65 | €10,348 | €10,601 | +€254 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €19,154 | €4,092 | -€15,062 | -78.6% |
| Income taxes | 67/77 | €6,282 | €1,891 | -€4,392 | -69.9% |
| Profit (loss) for the period | 9904 | €12,871 | €2,201 | -€10,670 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,871 | €2,201 | -€10,670 | -82.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.