BEDHA-CONSULT: 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.
BEDHA-CONSULT
Largest movements
- Current investments -€24,043
down €24,043 (-100.0%), from €24,043 to €0
- Cash +€16,293
up €16,293 (+185.4%), from €8,788 to €25,081
mainly Current investments (+€24,043) and Deferred charges and accrued income (+€3,263)
- Deferred charges and accrued income -€3,263
down €3,263 (-72.5%), from €4,500 to €1,237
- Receivables within one year +€2,668
up €2,668 (+96.4%), from €2,767 to €5,435
of which Trade receivables: +€2,608
- Profit (loss) carried forward -€8,501
down €8,501 (-5.4%), from -€158,428 to -€166,929
- Financial income +€25,007
up €25,007 (+3999.1%), from €625 to €25,632
- Financial charges +€23,979
up €23,979 (+11178.9%), from €215 to €24,193
- Gross operating margin +€20,564
up €20,564 (+91.4%), from -€22,495 to -€1,931
- Depreciation -€6,022
down €6,022 (-90.4%), from €6,664 to €642
- Other operating charges +€5,965
up €5,965 (+425.3%), from €1,403 to €7,368
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 | €122,130 | €114,818 | -€7,312 | -6.0% |
| Fixed assets | 21/28 | €82,031 | €83,065 | +€1,033 | +1.3% |
| Tangible fixed assets | 22/27 | €82,031 | €83,065 | +€1,033 | +1.3% |
| Land and buildings | 22 | €80,368 | €80,368 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,663 | €2,696 | +€1,033 | +62.1% |
| Current assets | 29/58 | €40,099 | €31,753 | -€8,345 | -20.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,767 | €5,435 | +€2,668 | +96.4% |
| Trade receivables | 40 | €0 | €2,608 | +€2,608 | |
| Other amounts receivable | 41 | €2,767 | €2,828 | +€60 | +2.2% |
| Current investments | 50/53 | €24,043 | €0 | -€24,043 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,788 | €25,081 | +€16,293 | +185.4% |
| Deferred charges and accrued income | 490/1 | €4,500 | €1,237 | -€3,263 | -72.5% |
| Total equity and liabilities | 10/49 | €122,130 | €114,818 | -€7,312 | -6.0% |
| Equity | 10/15 | €16,767 | €8,266 | -€8,501 | -50.7% |
| Contributions | 10/11 | €53,600 | €53,600 | = | 0.0% |
| Reserves | 13 | €121,595 | €121,595 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,120 | €6,120 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,120 | €6,120 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,844 | €3,844 | = | 0.0% |
| Distributable reserves | 133 | €111,631 | €111,631 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,428 | -€166,929 | -€8,501 | -5.4% |
| Amounts payable | 17/49 | €105,362 | €106,552 | +€1,190 | +1.1% |
| Amounts payable within one year | 42/48 | €105,362 | €106,552 | +€1,190 | +1.1% |
| Trade debts | 44 | €2,581 | €2,928 | +€347 | +13.4% |
| Suppliers | 440/4 | €2,581 | €2,928 | +€347 | +13.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €177 | €0 | -€177 | -100.0% |
| Taxes | 450/3 | €177 | €0 | -€177 | -100.0% |
| Other amounts payable | 47/48 | €102,605 | €103,624 | +€1,019 | +1.0% |
| Non-recurring operating income | 76A | €4,476 | €3,000 | -€1,476 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,664 | €642 | -€6,022 | -90.4% |
| Other operating charges | 640/8 | €1,403 | €7,368 | +€5,965 | +425.3% |
| Gross operating margin | 9900 | -€22,495 | -€1,931 | +€20,564 | +91.4% |
| Operating profit (loss) | 9901 | -€30,561 | -€9,940 | +€20,621 | +67.5% |
| Financial income | 75/76B | €625 | €25,632 | +€25,007 | +3999.1% |
| Recurring financial income | 75 | €625 | €25,632 | +€25,007 | +3999.1% |
| Financial charges | 65/66B | €215 | €24,193 | +€23,979 | +11178.9% |
| Recurring financial charges | 65 | €215 | €24,193 | +€23,979 | +11178.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,150 | -€8,501 | +€21,649 | +71.8% |
| Income taxes | 67/77 | €177 | €0 | -€177 | -100.0% |
| Profit (loss) for the period | 9904 | -€30,327 | -€8,501 | +€21,826 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,327 | -€8,501 | +€21,826 | +72.0% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.