BEDICO: 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.
BEDICO
Largest movements
- Tangible fixed assets -€14,582
down €14,582 (-24.4%), from €59,870 to €45,288
of which Plant, machinery and equipment: -€10,738
- Cash +€12,736
up €12,736 (+43.7%), from €29,152 to €41,888
mainly Other debts (+€26,981) and Net result for the year (+€24,180)
- Receivables within one year +€11,799
up €11,799 (+84.1%), from €14,030 to €25,829
of which Other amounts receivable: +€13,989
- Other debts +€26,981
up €26,981 (+222.0%), from €12,153 to €39,134
- Provisions -€26,423
down €26,423 (-100.0%), from €26,423 to €0
- Profit (loss) carried forward +€9,180
up €9,180 (+24.2%), from €37,865 to €47,045
- Accrued charges and deferred income +€1,816
new in 2025: €1,816
- Trade debts -€1,550
down €1,550 (-96.3%), from €1,609 to €60
- Provisions -€26,423
new in 2025: -€26,423
- Financial charges +€26,212
up €26,212 (+28481.6%), from €92 to €26,304
- Gross operating margin -€8,091
down €8,091 (-16.3%), from €49,560 to €41,469
- Taxes -€6,489
down €6,489 (-94.1%), from €6,899 to €410
- Financial income -€500
down €500 (-100.0%), from €500 to €0
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 | €104,007 | €113,957 | +€9,951 | +9.6% |
| Fixed assets | 21/28 | €59,870 | €45,288 | -€14,582 | -24.4% |
| Tangible fixed assets | 22/27 | €59,870 | €45,288 | -€14,582 | -24.4% |
| Plant, machinery and equipment | 23 | €47,220 | €36,482 | -€10,738 | -22.7% |
| Furniture and vehicles | 24 | €12,651 | €8,807 | -€3,844 | -30.4% |
| Current assets | 29/58 | €44,136 | €68,669 | +€24,533 | +55.6% |
| Amounts receivable within one year | 40/41 | €14,030 | €25,829 | +€11,799 | +84.1% |
| Trade receivables | 40 | €10,929 | €8,739 | -€2,190 | -20.0% |
| Other amounts receivable | 41 | €3,101 | €17,090 | +€13,989 | +451.1% |
| Cash at bank and in hand | 54/58 | €29,152 | €41,888 | +€12,736 | +43.7% |
| Deferred charges and accrued income | 490/1 | €954 | €951 | -€3 | -0.3% |
| Total equity and liabilities | 10/49 | €104,007 | €113,957 | +€9,951 | +9.6% |
| Equity | 10/15 | €55,365 | €64,545 | +€9,180 | +16.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,865 | €47,045 | +€9,180 | +24.2% |
| Provisions and deferred taxes | 16 | €26,423 | €0 | -€26,423 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €26,423 | €0 | -€26,423 | -100.0% |
| Environmental obligations | 163 | €26,423 | €0 | -€26,423 | -100.0% |
| Amounts payable | 17/49 | €22,218 | €49,412 | +€27,194 | +122.4% |
| Amounts payable within one year | 42/48 | €22,218 | €47,596 | +€25,379 | +114.2% |
| Trade debts | 44 | €1,609 | €60 | -€1,550 | -96.3% |
| Suppliers | 440/4 | €1,609 | €60 | -€1,550 | -96.3% |
| Taxes, remuneration and social security | 45 | €8,455 | €8,402 | -€53 | -0.6% |
| Taxes | 450/3 | €8,455 | €8,402 | -€53 | -0.6% |
| Other amounts payable | 47/48 | €12,153 | €39,134 | +€26,981 | +222.0% |
| Accrued charges and deferred income | 492/3 | - | €1,816 | +€1,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,546 | €15,903 | +€358 | +2.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€26,423 | -€26,423 | |
| Other operating charges | 640/8 | €1,131 | €1,096 | -€35 | -3.1% |
| Non-recurring operating charges | 66A | €26,423 | €0 | -€26,423 | -100.0% |
| Gross operating margin | 9900 | €49,560 | €41,469 | -€8,091 | -16.3% |
| Operating profit (loss) | 9901 | €6,460 | €50,893 | +€44,433 | +687.8% |
| Financial income | 75/76B | €500 | €0 | -€500 | -100.0% |
| Recurring financial income | 75 | €500 | €0 | -€500 | -100.0% |
| Financial charges | 65/66B | €92 | €26,304 | +€26,212 | +28481.6% |
| Recurring financial charges | 65 | €92 | €26,304 | +€26,212 | +28481.6% |
| Profit (loss) for the period before taxes | 9903 | €6,868 | €24,590 | +€17,722 | +258.0% |
| Income taxes | 67/77 | €6,899 | €410 | -€6,489 | -94.1% |
| Profit (loss) for the period | 9904 | -€31 | €24,180 | +€24,211 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31 | €24,180 | +€24,211 |
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 11 October 2026 via checked.be.