BEDELCO: 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.
What changed
BEDELCO
NACE 46.720, Wholesale of motor vehicle parts and accessories
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€64,388
2024 · -€3.5m+€3.4m
Equity
-€875,528
2024 · -€811,140-€64,388
Cash
€58,294
2024 · €111,449-€53,156
Balance sheet total
€3.3m
2024 · €3.3m-€29,159
Largest movements
Assets
- Financial fixed assets +€109,698
up €109,698 (+2,397%), from €4,576 to €114,274
- Receivables after one year -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash -€53,156
down €53,156 (-47.7%), from €111,449 to €58,294
mainly Provisions (-€975,473) and Short-term financial debts (-€600,000)
- Receivables within one year +€34,682
up €34,682 (+1.6%), from €2.2m to €2.2m
of which Trade receivables: +€66,768
Equity and liabilities
- Other debts +€1.9m
up €1.9m (+492%), from €383,810 to €2.3m
- Provisions -€975,473
down €975,473 (-100%), from €975,473 to €0
- Short-term financial debts -€600,000
down €600,000 (-100%), from €600,000 to €0
- Trade debts -€283,057
down €283,057 (-80.3%), from €352,524 to €69,467
- Accrued charges and deferred income +€80,165
up €80,165 (+24.7%), from €324,556 to €404,722
Income statement
- Write-downs -€2.9m
down €2.9m, from €1.9m to -€980,291
- Provisions -€975,473
down €975,473 (-100%), from €975,473 to €0
- Purchases and services -€771,782
down €771,782 (-51.8%), from €1.5m to €717,659
- Turnover -€730,313
down €730,313 (-46.4%), from €1.6m to €844,259
- Financial charges -€313,186
down €313,186 (-72.7%), from €431,079 to €117,893
of which Non-recurring financial charges: -€247,929
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.
Result 2024
-€3.5m
Gross operating margin
+€48,262
Staff costs
+€4,271
Depreciation
+€3,998
Write-downs
+€2.9m
Provisions
+€975,473
Other operating charges
-€75,721
Other operating items
-€773,000
Financial income
+€11,257
Financial charges
+€313,186
Taxes
-€60
Result 2025
-€64,388
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€715,718
Investment
-€106,054
Financing
-€662,820
Cash 2024
€111,449
From operations (derived)
+€715,718
Net result for the year
-€64,388
Depreciation
+€27,423
Receivables after one year
+€100,000
Stocks and contracts
-€13,156
Receivables within one year
-€34,682
Deferred charges and accrued income
+€2,471
Provisions
-€975,473
Trade debts
-€283,057
Tax, wage and social debts
-€10,447
Other debts
+€1.9m
Accrued charges and deferred income
+€80,165
Investment (derived)
-€106,054
Investment in fixed assets (net)
-€109,698
Current investments
+€3,644
Financing
-€662,820
Debts after one year
-€62,820
Short-term financial debts
-€600,000
Cash 2025
€58,294
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,289,622 | €3,260,464 | -€29,159 | -0.9% |
| Fixed assets | 21/28 | €426,009 | €508,284 | +€82,275 | +19.3% |
| Tangible fixed assets | 22/27 | €421,433 | €394,010 | -€27,423 | -6.5% |
| Land and buildings | 22 | €421,433 | €394,010 | -€27,423 | -6.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €4,576 | €114,274 | +€109,698 | +2,397% |
| Current assets | 29/58 | €2,863,613 | €2,752,180 | -€111,433 | -3.9% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100% |
| Stocks and contracts in progress | 3 | €422,671 | €435,827 | +€13,156 | +3.1% |
| Stocks | 30/36 | €422,671 | €435,827 | +€13,156 | +3.1% |
| Amounts receivable within one year | 40/41 | €2,158,548 | €2,193,230 | +€34,682 | +1.6% |
| Trade receivables | 40 | €1,970,277 | €2,037,045 | +€66,768 | +3.4% |
| Other amounts receivable | 41 | €188,271 | €156,185 | -€32,087 | -17.0% |
| Current investments | 50/53 | €11,768 | €8,123 | -€3,644 | -31.0% |
| Cash at bank and in hand | 54/58 | €111,449 | €58,294 | -€53,156 | -47.7% |
| Deferred charges and accrued income | 490/1 | €59,177 | €56,706 | -€2,471 | -4.2% |
| Total equity and liabilities | 10/49 | €3,289,622 | €3,260,464 | -€29,159 | -0.9% |
| Equity | 10/15 | -€811,140 | -€875,528 | -€64,388 | -7.9% |
| Contributions | 10/11 | €837,000 | €837,000 | = | 0.0% |
| Revaluation surpluses | 12 | €265,683 | €245,817 | -€19,866 | -7.5% |
| Reserves | 13 | €299,431 | €319,298 | +€19,866 | +6.6% |
| Tax-exempt reserves | 132 | €35,635 | €35,635 | = | 0.0% |
| Distributable reserves | 133 | €263,796 | €283,662 | +€19,866 | +7.5% |
| Profit (loss) carried forward | 14 | -€2,213,255 | -€2,277,643 | -€64,388 | -2.9% |
| Provisions and deferred taxes | 16 | €975,473 | €0 | -€975,473 | -100% |
| Provisions for liabilities and charges | 160/5 | €975,473 | €0 | -€975,473 | -100% |
| Environmental obligations | 163 | €975,473 | €0 | -€975,473 | -100% |
| Amounts payable | 17/49 | €3,125,289 | €4,135,992 | +€1.0m | +32.3% |
| Amounts payable after more than one year | 17 | €1,413,820 | €1,351,000 | -€62,820 | -4.4% |
| Other amounts payable | 178/9 | €1,413,820 | €1,351,000 | -€62,820 | -4.4% |
| Amounts payable within one year | 42/48 | €1,386,913 | €2,380,270 | +€993,357 | +71.6% |
| Financial debts | 43 | €600,000 | €0 | -€600,000 | -100% |
| Credit institutions | 430/8 | €600,000 | €0 | -€600,000 | -100% |
| Trade debts | 44 | €352,524 | €69,467 | -€283,057 | -80.3% |
| Suppliers | 440/4 | €352,524 | €69,467 | -€283,057 | -80.3% |
| Taxes, remuneration and social security | 45 | €50,579 | €40,132 | -€10,447 | -20.7% |
| Taxes | 450/3 | €24,530 | €13,976 | -€10,554 | -43.0% |
| Remuneration and social security | 454/9 | €26,049 | €26,156 | +€107 | +0.4% |
| Other amounts payable | 47/48 | €383,810 | €2,270,671 | +€1.9m | +492% |
| Accrued charges and deferred income | 492/3 | €324,556 | €404,722 | +€80,165 | +24.7% |
| Turnover | 70 | €1,574,572 | €844,259 | -€730,313 | -46.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,489,441 | €717,659 | -€771,782 | -51.8% |
| Remuneration, social security and pensions | 62 | €165,893 | €161,622 | -€4,271 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,422 | €27,423 | -€3,998 | -12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,925,090 | -€980,291 | -€2.9m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €975,473 | €0 | -€975,473 | -100% |
| Other operating charges | 640/8 | €36,768 | €112,489 | +€75,721 | +206% |
| Non-recurring operating charges | 66A | - | €773,000 | +€773,000 | |
| Gross operating margin | 9900 | €85,151 | €133,413 | +€48,262 | +56.7% |
| Operating profit (loss) | 9901 | -€3,049,494 | €39,170 | +€3.1m | |
| Financial income | 75/76B | €3,652 | €14,909 | +€11,257 | +308% |
| Recurring financial income | 75 | €3,652 | €14,909 | +€11,257 | +308% |
| Financial charges | 65/66B | €431,079 | €117,893 | -€313,186 | -72.7% |
| Recurring financial charges | 65 | €183,150 | €117,893 | -€65,257 | -35.6% |
| Non-recurring financial charges | 66B | €247,929 | €0 | -€247,929 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€3,476,922 | -€63,814 | +€3.4m | +98.2% |
| Income taxes | 67/77 | €514 | €574 | +€60 | +11.6% |
| Profit (loss) for the period | 9904 | -€3,477,436 | -€64,388 | +€3.4m | +98.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,477,436 | -€64,388 | +€3.4m | +98.1% |
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 13 October 2026 via checked.be.