Bedecovan-20: 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.
Bedecovan-20
Largest movements
- Tangible fixed assets -€25,957
down €25,957 (-5.1%), from €510,129 to €484,172
- Debts after one year -€41,052
down €41,052 (-9.9%), from €413,516 to €372,464
of which Financial debts: -€41,052
- Reserves +€18,140
up €18,140 (+54.1%), from €33,501 to €51,641
- Other debts -€8,960
down €8,960 (-22.9%), from €39,123 to €30,163
- Taxes +€1,032
up €1,032 (+20.6%), from €5,014 to €6,047
- Gross operating margin -€803
down €803 (-1.4%), from €58,243 to €57,440
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 | €537,367 | €506,263 | -€31,104 | -5.8% |
| Fixed assets | 21/28 | €512,229 | €486,272 | -€25,957 | -5.1% |
| Tangible fixed assets | 22/27 | €510,129 | €484,172 | -€25,957 | -5.1% |
| Land and buildings | 22 | €510,129 | €484,172 | -€25,957 | -5.1% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €25,139 | €19,991 | -€5,147 | -20.5% |
| Amounts receivable within one year | 40/41 | €3,676 | €1,285 | -€2,391 | -65.0% |
| Other amounts receivable | 41 | €3,676 | €1,285 | -€2,391 | -65.0% |
| Cash at bank and in hand | 54/58 | €21,463 | €18,706 | -€2,757 | -12.8% |
| Total equity and liabilities | 10/49 | €537,367 | €506,263 | -€31,104 | -5.8% |
| Equity | 10/15 | €36,501 | €54,641 | +€18,140 | +49.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,501 | €51,641 | +€18,140 | +54.1% |
| Distributable reserves | 133 | €33,501 | €51,641 | +€18,140 | +54.1% |
| Amounts payable | 17/49 | €500,866 | €451,622 | -€49,244 | -9.8% |
| Amounts payable after more than one year | 17 | €413,516 | €372,464 | -€41,052 | -9.9% |
| Financial debts | 170/4 | €410,516 | €369,464 | -€41,052 | -10.0% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €81,800 | €73,608 | -€8,192 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €40,650 | €41,052 | +€402 | +1.0% |
| Trade debts | 44 | €2,028 | €2,347 | +€319 | +15.8% |
| Suppliers | 440/4 | €2,028 | €2,347 | +€319 | +15.8% |
| Taxes, remuneration and social security | 45 | - | €47 | +€47 | |
| Taxes | 450/3 | - | €47 | +€47 | |
| Other amounts payable | 47/48 | €39,123 | €30,163 | -€8,960 | -22.9% |
| Accrued charges and deferred income | 492/3 | €5,550 | €5,550 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,957 | €25,957 | = | 0.0% |
| Other operating charges | 640/8 | €2,133 | €2,590 | +€456 | +21.4% |
| Gross operating margin | 9900 | €58,243 | €57,440 | -€803 | -1.4% |
| Operating profit (loss) | 9901 | €30,153 | €28,894 | -€1,259 | -4.2% |
| Financial charges | 65/66B | €5,082 | €4,708 | -€374 | -7.4% |
| Recurring financial charges | 65 | €5,082 | €4,708 | -€374 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €25,071 | €24,187 | -€885 | -3.5% |
| Income taxes | 67/77 | €5,014 | €6,047 | +€1,032 | +20.6% |
| Profit (loss) for the period | 9904 | €20,057 | €18,140 | -€1,917 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,057 | €18,140 | -€1,917 | -9.6% |
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 4 October 2026 via checked.be.