BEDICOM: 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.
BEDICOM
Largest movements
- Receivables within one year -€87,548
down €87,548 (-39.0%), from €224,711 to €137,163
of which Trade receivables: -€84,296
- Stocks and contracts +€63,801
up €63,801 (+13.2%), from €484,014 to €547,815
- Tangible fixed assets -€38,396
down €38,396 (-17.8%), from €215,644 to €177,248
of which Land and buildings: -€25,971
- Other debts +€475,764
up €475,764 (+309%), from €154,046 to €629,810
- Debts after one year -€320,000
no longer reported in 2025 (was €320,000)
- Profit (loss) carried forward -€149,607
new in 2025: -€149,607
- Trade debts -€87,839
down €87,839 (-36.8%), from €238,880 to €151,041
- Tax, wage and social debts +€11,638
up €11,638 (+51.2%), from €22,743 to €34,381
of which Remuneration and social security: +€7,635
- Gross operating margin -€59,243
down €59,243 (-31.4%), from €188,582 to €129,339
- Staff costs -€51,334
down €51,334 (-22.1%), from €232,084 to €180,750
- Write-downs +€31,714
up €31,714 (+833%), from €3,808 to €35,522
- Taxes +€16,941
no longer reported in 2025 (was -€16,941)
- Financial charges +€1,991
up €1,991 (+11.7%), from €17,033 to €19,024
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €965,373 | €901,837 | -€63,536 | -6.6% |
| Fixed assets | 21/28 | €215,787 | €177,390 | -€38,397 | -17.8% |
| Tangible fixed assets | 22/27 | €215,644 | €177,248 | -€38,396 | -17.8% |
| Land and buildings | 22 | €182,997 | €157,026 | -€25,971 | -14.2% |
| Plant, machinery and equipment | 23 | €4,417 | €3,356 | -€1,061 | -24.0% |
| Furniture and vehicles | 24 | €28,230 | €16,866 | -€11,364 | -40.3% |
| Financial fixed assets | 28 | €143 | €142 | -€1 | -0.7% |
| Current assets | 29/58 | €749,586 | €724,447 | -€25,139 | -3.4% |
| Stocks and contracts in progress | 3 | €484,014 | €547,815 | +€63,801 | +13.2% |
| Stocks | 30/36 | €484,014 | €547,815 | +€63,801 | +13.2% |
| Amounts receivable within one year | 40/41 | €224,711 | €137,163 | -€87,548 | -39.0% |
| Trade receivables | 40 | €185,794 | €101,498 | -€84,296 | -45.4% |
| Other amounts receivable | 41 | €38,917 | €35,665 | -€3,252 | -8.4% |
| Cash at bank and in hand | 54/58 | €40,861 | €39,469 | -€1,392 | -3.4% |
| Total equity and liabilities | 10/49 | €965,373 | €901,837 | -€63,536 | -6.6% |
| Equity | 10/15 | €227,471 | €77,865 | -€149,606 | -65.8% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €137,471 | €137,472 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €128,471 | €128,472 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | - | -€149,607 | -€149,607 | |
| Amounts payable | 17/49 | €737,902 | €823,972 | +€86,070 | +11.7% |
| Amounts payable after more than one year | 17 | €320,000 | - | -€320,000 | |
| Other amounts payable | 178/9 | €320,000 | - | -€320,000 | |
| Amounts payable within one year | 42/48 | €415,669 | €815,232 | +€399,563 | +96.1% |
| Trade debts | 44 | €238,880 | €151,041 | -€87,839 | -36.8% |
| Suppliers | 440/4 | €238,880 | €151,041 | -€87,839 | -36.8% |
| Taxes, remuneration and social security | 45 | €22,743 | €34,381 | +€11,638 | +51.2% |
| Taxes | 450/3 | -€4,003 | - | +€4,003 | |
| Remuneration and social security | 454/9 | €26,746 | €34,381 | +€7,635 | +28.5% |
| Other amounts payable | 47/48 | €154,046 | €629,810 | +€475,764 | +309% |
| Accrued charges and deferred income | 492/3 | €2,233 | €8,740 | +€6,507 | +291% |
| Remuneration, social security and pensions | 62 | €232,084 | €180,750 | -€51,334 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,384 | €38,397 | +€1,013 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,808 | €35,522 | +€31,714 | +833% |
| Other operating charges | 640/8 | €5,898 | €5,663 | -€235 | -4.0% |
| Gross operating margin | 9900 | €188,582 | €129,339 | -€59,243 | -31.4% |
| Operating profit (loss) | 9901 | -€90,592 | -€130,993 | -€40,401 | -44.6% |
| Financial income | 75/76B | €411 | €410 | -€1 | -0.2% |
| Recurring financial income | 75 | €411 | €410 | -€1 | -0.2% |
| Financial charges | 65/66B | €17,033 | €19,024 | +€1,991 | +11.7% |
| Recurring financial charges | 65 | €17,033 | €19,024 | +€1,991 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | -€107,214 | -€149,607 | -€42,393 | -39.5% |
| Income taxes | 67/77 | -€16,941 | - | +€16,941 | |
| Profit (loss) for the period | 9904 | -€90,273 | -€149,607 | -€59,334 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,273 | -€149,607 | -€59,334 | -65.7% |
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 18 October 2026 via checked.be.