BeDi: 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
BeDi
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€81,094
2024 · -€81,455+€162,549
Equity
€953,417
2024 · €873,156+€80,261
Cash
€5,099
2024 · €10,479-€5,380
Balance sheet total
€2.6m
2024 · €2.6m-€37,309
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€80,261
up €80,261 (+16.1%), from €498,156 to €578,417
- Other debts -€78,544
down €78,544 (-10.8%), from €730,043 to €651,499
- Accrued charges and deferred income -€29,786
no longer reported in 2025 (was €29,786)
Income statement
- Financial income +€139,317
up €139,317 (+1954.5%), from €7,128 to €146,445
- Services and other goods +€133,151
new in 2025: €133,151
- Turnover +€126,011
new in 2025: €126,011
- Financial charges -€35,462
down €35,462 (-35.2%), from €100,775 to €65,314
- Gross operating margin -€32,200
no longer reported in 2025 (was €32,200)
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
-€81,455
Turnover
+€126,011
Other operating income
+€27,001
Services and other goods
-€133,151
Other operating charges
+€254
Other operating items
-€32,200
Financial income
+€139,317
Financial charges
+€35,462
Taxes
-€145
Result 2025
€81,094
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.
From operations
+€11,081
Investment
€0
Financing
-€16,461
Cash 2024
€10,479
From operations (derived)
+€11,081
Net result for the year
+€81,094
Depreciation
+€17,534
Receivables within one year
+€14,867
Deferred charges and accrued income
-€472
Trade debts
+€327
Tax, wage and social debts
+€6,061
Other debts
-€78,544
Accrued charges and deferred income
-€29,786
Financing
-€16,461
Debts after one year
-€16,453
Current portion of long-term debt
+€825
Contributions, distributions and other
-€833
Cash 2025
€5,099
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,622,548 | €2,585,239 | -€37,309 | -1.4% |
| Fixed assets | 21/28 | €2,583,835 | €2,566,301 | -€17,534 | -0.7% |
| Tangible fixed assets | 22/27 | €56,877 | €39,343 | -€17,534 | -30.8% |
| Furniture and vehicles | 24 | €56,877 | €39,343 | -€17,534 | -30.8% |
| Financial fixed assets | 28 | €2,526,958 | €2,526,958 | = | 0.0% |
| Affiliated companies | 280/1 | - | €2,526,958 | +€2.5m | |
| Participating interests | 280 | - | €2,526,958 | +€2.5m | |
| Current assets | 29/58 | €38,713 | €18,938 | -€19,775 | -51.1% |
| Amounts receivable within one year | 40/41 | €28,234 | €13,367 | -€14,867 | -52.7% |
| Trade receivables | 40 | €27,134 | €9,812 | -€17,321 | -63.8% |
| Other amounts receivable | 41 | €1,100 | €3,555 | +€2,455 | +223.1% |
| Cash at bank and in hand | 54/58 | €10,479 | €5,099 | -€5,380 | -51.3% |
| Deferred charges and accrued income | 490/1 | - | €472 | +€472 | |
| Total equity and liabilities | 10/49 | €2,622,548 | €2,585,239 | -€37,309 | -1.4% |
| Equity | 10/15 | €873,156 | €953,417 | +€80,261 | +9.2% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €498,156 | €578,417 | +€80,261 | +16.1% |
| Distributable reserves | 133 | €498,156 | €578,417 | +€80,261 | +16.1% |
| Amounts payable | 17/49 | €1,749,391 | €1,631,822 | -€117,569 | -6.7% |
| Amounts payable after more than one year | 17 | €963,247 | €946,794 | -€16,453 | -1.7% |
| Financial debts | 170/4 | €963,247 | €946,794 | -€16,453 | -1.7% |
| Credit institutions | 173 | - | €21,794 | +€21,794 | |
| Other loans | 174 | - | €925,000 | +€925,000 | |
| Amounts payable within one year | 42/48 | €756,359 | €685,029 | -€71,330 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €15,628 | €16,453 | +€825 | +5.3% |
| Trade debts | 44 | €1,299 | €1,626 | +€327 | +25.2% |
| Suppliers | 440/4 | €1,299 | €1,626 | +€327 | +25.2% |
| Taxes, remuneration and social security | 45 | €9,388 | €15,450 | +€6,061 | +64.6% |
| Taxes | 450/3 | €6,280 | €12,359 | +€6,079 | +96.8% |
| Remuneration and social security | 454/9 | €3,108 | €3,091 | -€17 | -0.6% |
| Other amounts payable | 47/48 | €730,043 | €651,499 | -€78,544 | -10.8% |
| Accrued charges and deferred income | 492/3 | €29,786 | - | -€29,786 | |
| Operating income | 70/76A | - | €153,012 | +€153,012 | |
| Turnover | 70 | - | €126,011 | +€126,011 | |
| Other operating income | 74 | - | €27,001 | +€27,001 | |
| Operating charges | 60/66A | - | €152,505 | +€152,505 | |
| Services and other goods | 61 | - | €133,151 | +€133,151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,534 | €17,534 | = | 0.0% |
| Other operating charges | 640/8 | €2,074 | €1,820 | -€254 | -12.3% |
| Gross operating margin | 9900 | €32,200 | - | -€32,200 | |
| Operating profit (loss) | 9901 | €12,592 | €508 | -€12,084 | -96.0% |
| Financial income | 75/76B | €7,128 | €146,445 | +€139,317 | +1954.5% |
| Recurring financial income | 75 | €7,128 | €146,445 | +€139,317 | +1954.5% |
| Income from financial fixed assets | 750 | - | €146,445 | +€146,445 | |
| Financial charges | 65/66B | €100,775 | €65,314 | -€35,462 | -35.2% |
| Recurring financial charges | 65 | €100,775 | €65,314 | -€35,462 | -35.2% |
| Debt charges | 650 | - | €65,148 | +€65,148 | |
| Other financial charges | 652/9 | - | €166 | +€166 | |
| Profit (loss) for the period before taxes | 9903 | -€81,055 | €81,639 | +€162,694 | |
| Income taxes | 67/77 | €400 | €545 | +€145 | +36.4% |
| Taxes | 670/3 | - | €545 | +€545 | |
| Profit (loss) for the period | 9904 | -€81,455 | €81,094 | +€162,549 | |
| Profit (loss) for the period to be appropriated | 9905 | -€81,455 | €81,094 | +€162,549 |
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 10 October 2026 via checked.be.