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 -€161,837
down €161,837 (-57.4%), from €282,037 to €120,200
of which Land and buildings: -€160,163
- Cash +€88,662
up €88,662 (+112.6%), from €78,735 to €167,396
mainly Investment in fixed assets (net) (+€140,602) and Net result for the year (+€60,693)
- Receivables within one year -€20,635
down €20,635 (-64.8%), from €31,834 to €11,199
of which Trade receivables: -€28,864
- Other debts -€95,240
down €95,240 (-62.0%), from €153,719 to €58,479
- Gross operating margin +€88,722
up €88,722 (+511.4%), from €17,348 to €106,070
- Taxes +€22,015
up €22,015 (+11004.1%), from €200 to €22,215
- Depreciation -€8,618
down €8,618 (-28.9%), from €29,853 to €21,235
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 | €392,605 | €298,795 | -€93,810 | -23.9% |
| Fixed assets | 21/28 | €282,037 | €120,200 | -€161,837 | -57.4% |
| Tangible fixed assets | 22/27 | €282,037 | €120,200 | -€161,837 | -57.4% |
| Land and buildings | 22 | €278,346 | €118,183 | -€160,163 | -57.5% |
| Plant, machinery and equipment | 23 | €3,691 | €2,017 | -€1,674 | -45.4% |
| Current assets | 29/58 | €110,568 | €178,595 | +€68,027 | +61.5% |
| Amounts receivable within one year | 40/41 | €31,834 | €11,199 | -€20,635 | -64.8% |
| Trade receivables | 40 | €28,864 | €0 | -€28,864 | -100.0% |
| Other amounts receivable | 41 | €2,970 | €11,199 | +€8,229 | +277.1% |
| Cash at bank and in hand | 54/58 | €78,735 | €167,396 | +€88,662 | +112.6% |
| Total equity and liabilities | 10/49 | €392,605 | €298,795 | -€93,810 | -23.9% |
| Equity | 10/15 | €237,797 | €236,933 | -€864 | -0.4% |
| Contributions | 10/11 | €165,550 | €165,550 | = | 0.0% |
| Reserves | 13 | €61,557 | €60,693 | -€864 | -1.4% |
| Distributable reserves | 133 | €61,557 | €60,693 | -€864 | -1.4% |
| Profit (loss) carried forward | 14 | €10,690 | €10,690 | = | 0.0% |
| Amounts payable | 17/49 | €154,808 | €61,862 | -€92,947 | -60.0% |
| Amounts payable within one year | 42/48 | €154,808 | €61,862 | -€92,947 | -60.0% |
| Trade debts | 44 | €309 | €305 | -€4 | -1.3% |
| Suppliers | 440/4 | €309 | €305 | -€4 | -1.3% |
| Taxes, remuneration and social security | 45 | €780 | €3,078 | +€2,298 | +294.5% |
| Taxes | 450/3 | €780 | €3,078 | +€2,298 | +294.5% |
| Other amounts payable | 47/48 | €153,719 | €58,479 | -€95,240 | -62.0% |
| Non-recurring operating income | 76A | €8,000 | €106,340 | +€98,340 | +1229.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,853 | €21,235 | -€8,618 | -28.9% |
| Other operating charges | 640/8 | €3,241 | €2,606 | -€635 | -19.6% |
| Gross operating margin | 9900 | €17,348 | €106,070 | +€88,722 | +511.4% |
| Operating profit (loss) | 9901 | -€15,746 | €82,229 | +€97,975 | |
| Financial income | 75/76B | €244 | €899 | +€655 | +268.5% |
| Recurring financial income | 75 | €244 | €899 | +€655 | +268.5% |
| Financial charges | 65/66B | €349 | €220 | -€129 | -36.9% |
| Recurring financial charges | 65 | €349 | €220 | -€129 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,851 | €82,908 | +€98,759 | |
| Income taxes | 67/77 | €200 | €22,215 | +€22,015 | +11004.1% |
| Profit (loss) for the period | 9904 | -€16,051 | €60,693 | +€76,744 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,051 | €60,693 | +€76,744 |
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 9 October 2026 via checked.be.