BEDIGA: what changed
What changed
BEDIGA
NACE 43.130, Specialised construction activities
filed annual accounts (NBB)
Net result for the year
€104,703
2024 · €171,560-€66,857
Equity
€809,588
2024 · €878,335-€68,747
Cash
€460,471
2024 · €558,912-€98,441
Balance sheet total
€973,916
2024 · €1.1m-€116,600
Largest movements
Assets
- Cash -€98,441
down €98,441 (-17.6%), from €558,912 to €460,471
mainly Contributions, distributions and other (-€173,450) and Investment in fixed assets (net) (-€64,767)
- Tangible fixed assets -€13,345
down €13,345 (-6.5%), from €205,890 to €192,545
of which Plant, machinery and equipment: -€18,434
Equity and liabilities
- Reserves -€68,747
down €68,747 (-8.0%), from €859,743 to €790,996
of which Distributable reserves: -€66,888
- Short-term financial debts -€42,599
no longer reported in 2025 (was €42,599)
- Current portion of long-term debt +€23,965
new in 2025: €23,965
- Debts after one year -€17,227
down €17,227 (-18.8%), from €91,648 to €74,422
- Trade debts -€10,939
down €10,939 (-54.2%), from €20,177 to €9,238
Income statement
- Gross operating margin -€274,030
down €274,030 (-39.8%), from €688,676 to €414,647
- Staff costs -€181,096
down €181,096 (-51.1%), from €354,542 to €173,446
- Taxes -€36,494
down €36,494 (-44.1%), from €82,765 to €46,271
- Depreciation +€19,770
up €19,770 (+33.9%), from €58,342 to €78,112
- Financial charges -€12,301
down €12,301 (-42.2%), from €29,155 to €16,854
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€171,560
Gross operating margin
-€274,030
Staff costs
+€181,096
Depreciation
-€19,770
Other operating charges
+€1,230
Financial income
+€4,534
Financial charges
+€12,301
Taxes
+€36,494
Deferred taxes and other
-€8,712
Result 2025
€104,703
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€175,635
Investment
-€64,767
Financing
-€209,310
Cash 2024
€558,912
From operations (derived)
+€175,635
Net result for the year
+€104,703
Depreciation
+€78,112
Receivables within one year
+€3,482
Deferred charges and accrued income
+€1,331
Trade debts
-€10,939
Tax, wage and social debts
-€1,148
Other debts
+€94
Investment (derived)
-€64,767
Investment in fixed assets (net)
-€64,767
Financing
-€209,310
Debts after one year
-€17,227
Current portion of long-term debt
+€23,965
Short-term financial debts
-€42,599
Contributions, distributions and other
-€173,450
Cash 2025
€460,471
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,090,515 | €973,916 | -€116,600 | -10.7% |
| Fixed assets | 21/28 | €209,836 | €196,491 | -€13,345 | -6.4% |
| Tangible fixed assets | 22/27 | €205,890 | €192,545 | -€13,345 | -6.5% |
| Land and buildings | 22 | €172 | €15 | -€157 | -91.2% |
| Plant, machinery and equipment | 23 | €73,942 | €55,508 | -€18,434 | -24.9% |
| Furniture and vehicles | 24 | €131,776 | €137,022 | +€5,246 | +4.0% |
| Financial fixed assets | 28 | €3,946 | €3,946 | = | 0.0% |
| Current assets | 29/58 | €880,679 | €777,424 | -€103,254 | -11.7% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €105,004 | €101,522 | -€3,482 | -3.3% |
| Trade receivables | 40 | €19,021 | €15,920 | -€3,101 | -16.3% |
| Other amounts receivable | 41 | €85,983 | €85,602 | -€381 | -0.4% |
| Cash at bank and in hand | 54/58 | €558,912 | €460,471 | -€98,441 | -17.6% |
| Deferred charges and accrued income | 490/1 | €16,763 | €15,432 | -€1,331 | -7.9% |
| Total equity and liabilities | 10/49 | €1,090,515 | €973,916 | -€116,600 | -10.7% |
| Equity | 10/15 | €878,335 | €809,588 | -€68,747 | -7.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €859,743 | €790,996 | -€68,747 | -8.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €857,884 | €790,996 | -€66,888 | -7.8% |
| Amounts payable | 17/49 | €212,180 | €164,327 | -€47,853 | -22.6% |
| Amounts payable after more than one year | 17 | €91,648 | €74,422 | -€17,227 | -18.8% |
| Financial debts | 170/4 | €91,648 | €74,422 | -€17,227 | -18.8% |
| Amounts payable within one year | 42/48 | €94,703 | €64,077 | -€30,626 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | - | €23,965 | +€23,965 | |
| Financial debts | 43 | €42,599 | - | -€42,599 | |
| Credit institutions | 430/8 | €42,599 | - | -€42,599 | |
| Trade debts | 44 | €20,177 | €9,238 | -€10,939 | -54.2% |
| Suppliers | 440/4 | €20,177 | €9,238 | -€10,939 | -54.2% |
| Taxes, remuneration and social security | 45 | €27,728 | €26,581 | -€1,148 | -4.1% |
| Taxes | 450/3 | €22,520 | €21,141 | -€1,379 | -6.1% |
| Remuneration and social security | 454/9 | €5,208 | €5,439 | +€231 | +4.4% |
| Other amounts payable | 47/48 | €4,199 | €4,293 | +€94 | +2.2% |
| Accrued charges and deferred income | 492/3 | €25,829 | €25,829 | = | 0.0% |
| Non-recurring operating income | 76A | - | €12,397 | +€12,397 | |
| Remuneration, social security and pensions | 62 | €354,542 | €173,446 | -€181,096 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,342 | €78,112 | +€19,770 | +33.9% |
| Other operating charges | 640/8 | €4,443 | €3,213 | -€1,230 | -27.7% |
| Gross operating margin | 9900 | €688,676 | €414,647 | -€274,030 | -39.8% |
| Operating profit (loss) | 9901 | €271,348 | €159,875 | -€111,474 | -41.1% |
| Financial income | 75/76B | €3,419 | €7,953 | +€4,534 | +133% |
| Recurring financial income | 75 | €3,419 | €7,953 | +€4,534 | +133% |
| Financial charges | 65/66B | €29,155 | €16,854 | -€12,301 | -42.2% |
| Recurring financial charges | 65 | €29,155 | €16,854 | -€12,301 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €245,613 | €150,974 | -€94,639 | -38.5% |
| Transfer from deferred taxes | 780 | €8,712 | - | -€8,712 | |
| Income taxes | 67/77 | €82,765 | €46,271 | -€36,494 | -44.1% |
| Profit (loss) for the period | 9904 | €171,560 | €104,703 | -€66,857 | -39.0% |
| Transfer from tax-exempt reserves | 789 | €26,136 | - | -€26,136 | |
| Profit (loss) for the period to be appropriated | 9905 | €197,696 | €104,703 | -€92,993 | -47.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.