BEDEFI: 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.
BEDEFI
Largest movements
- Current investments +€100,000
up €100,000 (+49.3%), from €202,750 to €302,750
- Cash -€63,649
down €63,649 (-33.0%), from €193,017 to €129,368
mainly Contributions, distributions and other (-€130,473) and Current investments (-€100,000)
- Receivables within one year -€27,368
down €27,368 (-36.1%), from €75,712 to €48,344
of which Other amounts receivable: -€36,563
- Provisions -€50,628
down €50,628 (-100.0%), from €50,628 to €0
- Other debts +€42,491
up €42,491 (+48.3%), from €87,982 to €130,473
- Trade debts +€15,723
up €15,723 (+689.6%), from €2,280 to €18,003
- Provisions -€49,704
down €49,704 (-5377.8%), from -€924 to -€50,628
- Gross operating margin +€20,696
up €20,696 (+16.2%), from €127,429 to €148,125
- Taxes +€9,074
up €9,074 (+65.7%), from €13,806 to €22,880
- Financial charges -€9,069
down €9,069 (-15.8%), from €57,510 to €48,441
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 | €479,353 | €486,589 | +€7,236 | +1.5% |
| Formation expenses | 20 | €28 | €0 | -€28 | -100.0% |
| Fixed assets | 21/28 | €5,603 | €3,781 | -€1,822 | -32.5% |
| Tangible fixed assets | 22/27 | €4,253 | €2,431 | -€1,822 | -42.8% |
| Plant, machinery and equipment | 23 | €2,142 | €2,431 | +€288 | +13.5% |
| Furniture and vehicles | 24 | €2,111 | €0 | -€2,111 | -100.0% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €473,722 | €482,809 | +€9,087 | +1.9% |
| Amounts receivable within one year | 40/41 | €75,712 | €48,344 | -€27,368 | -36.1% |
| Trade receivables | 40 | €13,305 | €22,500 | +€9,195 | +69.1% |
| Other amounts receivable | 41 | €62,407 | €25,844 | -€36,563 | -58.6% |
| Current investments | 50/53 | €202,750 | €302,750 | +€100,000 | +49.3% |
| Cash at bank and in hand | 54/58 | €193,017 | €129,368 | -€63,649 | -33.0% |
| Deferred charges and accrued income | 490/1 | €2,243 | €2,346 | +€103 | +4.6% |
| Total equity and liabilities | 10/49 | €479,353 | €486,589 | +€7,236 | +1.5% |
| Equity | 10/15 | €330,026 | €330,026 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €320,026 | €320,026 | = | 0.0% |
| Distributable reserves | 133 | €320,026 | €320,026 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €50,628 | €0 | -€50,628 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €50,628 | €0 | -€50,628 | -100.0% |
| Other liabilities and charges | 164/5 | €50,628 | €0 | -€50,628 | -100.0% |
| Amounts payable | 17/49 | €98,698 | €156,563 | +€57,865 | +58.6% |
| Amounts payable within one year | 42/48 | €98,698 | €156,563 | +€57,865 | +58.6% |
| Trade debts | 44 | €2,280 | €18,003 | +€15,723 | +689.6% |
| Suppliers | 440/4 | €2,280 | €18,003 | +€15,723 | +689.6% |
| Taxes, remuneration and social security | 45 | €8,436 | €8,086 | -€350 | -4.1% |
| Taxes | 450/3 | €8,436 | €8,086 | -€350 | -4.1% |
| Other amounts payable | 47/48 | €87,982 | €130,473 | +€42,491 | +48.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,717 | €3,249 | -€468 | -12.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€924 | -€50,628 | -€49,704 | -5377.8% |
| Other operating charges | 640/8 | €1,085 | €1,161 | +€77 | +7.1% |
| Non-recurring operating charges | 66A | €12,001 | €0 | -€12,001 | -100.0% |
| Gross operating margin | 9900 | €127,429 | €148,125 | +€20,696 | +16.2% |
| Operating profit (loss) | 9901 | €111,551 | €194,343 | +€82,793 | +74.2% |
| Financial income | 75/76B | €7,000 | €7,451 | +€451 | +6.4% |
| Recurring financial income | 75 | €7,000 | €7,451 | +€451 | +6.4% |
| Financial charges | 65/66B | €57,510 | €48,441 | -€9,069 | -15.8% |
| Recurring financial charges | 65 | €57,510 | €48,441 | -€9,069 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €61,041 | €153,354 | +€92,313 | +151.2% |
| Income taxes | 67/77 | €13,806 | €22,880 | +€9,074 | +65.7% |
| Profit (loss) for the period | 9904 | €47,234 | €130,473 | +€83,239 | +176.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,234 | €130,473 | +€83,239 | +176.2% |
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 3 October 2026 via checked.be.