BEDEK: 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.
BEDEK
Largest movements
- Tangible fixed assets -€39,197
down €39,197 (-27.2%), from €144,037 to €104,840
of which Plant, machinery and equipment: -€37,980
- Cash -€31,517
down €31,517 (-29.6%), from €106,464 to €74,947
mainly Net result for the year (-€149,194) and Current portion of long-term debt (-€33,936)
- Stocks and contracts +€27,523
up €27,523 (+9.3%), from €296,058 to €323,581
- Deferred charges and accrued income +€7,270
up €7,270 (+26.7%), from €27,239 to €34,509
- Profit (loss) carried forward -€149,194
down €149,194 (-505.2%), from -€29,529 to -€178,723
- Trade debts +€132,777
up €132,777 (+30.4%), from €437,184 to €569,961
- Current portion of long-term debt -€33,936
no longer reported in 2024 (was €33,936)
- Short-term financial debts +€10,972
new in 2024: €10,972
- Accrued charges and deferred income +€9,660
up €9,660 (+39.8%), from €24,288 to €33,948
- Turnover +€5.5m
new in 2024: €5.5m
- Purchases and services +€5.1m
new in 2024: €5.1m
- Gross operating margin -€74,970
down €74,970 (-14.9%), from €503,125 to €428,155
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €674,274 | €638,512 | -€35,762 | -5.3% |
| Formation expenses | 20 | €25,000 | €21,453 | -€3,547 | -14.2% |
| Fixed assets | 21/28 | €144,037 | €104,840 | -€39,197 | -27.2% |
| Tangible fixed assets | 22/27 | €144,037 | €104,840 | -€39,197 | -27.2% |
| Plant, machinery and equipment | 23 | €137,381 | €99,401 | -€37,980 | -27.6% |
| Furniture and vehicles | 24 | €5,387 | €5,165 | -€222 | -4.1% |
| Other tangible fixed assets | 26 | €1,269 | €274 | -€995 | -78.4% |
| Current assets | 29/58 | €505,237 | €512,220 | +€6,983 | +1.4% |
| Stocks and contracts in progress | 3 | €296,058 | €323,581 | +€27,523 | +9.3% |
| Stocks | 30/36 | €296,058 | €323,581 | +€27,523 | +9.3% |
| Amounts receivable within one year | 40/41 | €75,476 | €79,182 | +€3,706 | +4.9% |
| Trade receivables | 40 | €50,721 | €33,669 | -€17,052 | -33.6% |
| Other amounts receivable | 41 | €24,755 | €45,513 | +€20,758 | +83.9% |
| Cash at bank and in hand | 54/58 | €106,464 | €74,947 | -€31,517 | -29.6% |
| Deferred charges and accrued income | 490/1 | €27,239 | €34,509 | +€7,270 | +26.7% |
| Total equity and liabilities | 10/49 | €674,274 | €638,512 | -€35,762 | -5.3% |
| Equity | 10/15 | €138,220 | -€10,974 | -€149,194 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | - | -€50,000 | |
| Issued capital | 100 | €50,000 | - | -€50,000 | |
| Outside capital | 11 | - | €50,000 | +€50,000 | |
| Other | 1109/19 | - | €50,000 | +€50,000 | |
| Reserves | 13 | €117,749 | €117,749 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Legal reserve | 130 | €5,000 | - | -€5,000 | |
| Reserves not available under the articles | 1311 | - | €5,000 | +€5,000 | |
| Distributable reserves | 133 | €112,749 | €112,749 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€29,529 | -€178,723 | -€149,194 | -505.2% |
| Amounts payable | 17/49 | €536,054 | €649,486 | +€113,432 | +21.2% |
| Amounts payable within one year | 42/48 | €511,766 | €615,539 | +€103,773 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €33,936 | - | -€33,936 | |
| Financial debts | 43 | - | €10,972 | +€10,972 | |
| Credit institutions | 430/8 | - | €10,972 | +€10,972 | |
| Trade debts | 44 | €437,184 | €569,961 | +€132,777 | +30.4% |
| Suppliers | 440/4 | €437,184 | €569,961 | +€132,777 | +30.4% |
| Taxes, remuneration and social security | 45 | €39,547 | €34,605 | -€4,942 | -12.5% |
| Taxes | 450/3 | €11,095 | €288 | -€10,807 | -97.4% |
| Remuneration and social security | 454/9 | €28,452 | €34,318 | +€5,866 | +20.6% |
| Other amounts payable | 47/48 | €1,099 | - | -€1,099 | |
| Accrued charges and deferred income | 492/3 | €24,288 | €33,948 | +€9,660 | +39.8% |
| Turnover | 70 | - | €5,528,130 | +€5.5m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €5,147,704 | +€5.1m | |
| Remuneration, social security and pensions | 62 | €447,495 | €484,794 | +€37,299 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,108 | €46,623 | -€485 | -1.0% |
| Other operating charges | 640/8 | €13,875 | €18,643 | +€4,768 | +34.4% |
| Gross operating margin | 9900 | €503,125 | €428,155 | -€74,970 | -14.9% |
| Operating profit (loss) | 9901 | -€5,353 | -€121,905 | -€116,552 | -2177.3% |
| Financial income | 75/76B | €2 | €56 | +€54 | +2689.5% |
| Recurring financial income | 75 | €2 | €56 | +€54 | +2689.5% |
| Financial charges | 65/66B | €20,356 | €27,345 | +€6,989 | +34.3% |
| Recurring financial charges | 65 | €20,356 | €27,345 | +€6,989 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,707 | -€149,194 | -€123,487 | -480.4% |
| Income taxes | 67/77 | €3,822 | - | -€3,822 | |
| Profit (loss) for the period | 9904 | -€29,529 | -€149,194 | -€119,665 | -405.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,529 | -€149,194 | -€119,665 | -405.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.