Bedir Afwerking: 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.
Bedir Afwerking
Largest movements
- Receivables within one year +€54,594
up €54,594 (+52.2%), from €104,521 to €159,115
of which Trade receivables: +€77,990
- Stocks and contracts -€18,500
no longer reported in 2025 (was €18,500)
- Cash -€13,896
down €13,896 (-76.7%), from €18,110 to €4,214
mainly Receivables within one year (-€54,594) and Debts after one year (-€6,431)
- Tangible fixed assets -€5,087
down €5,087 (-57.0%), from €8,924 to €3,837
of which Plant, machinery and equipment: -€3,712
- Reserves +€8,809
up €8,809 (+18.4%), from €47,873 to €56,682
- Trade debts +€7,396
up €7,396 (+17.5%), from €42,326 to €49,723
- Debts after one year -€6,431
no longer reported in 2025 (was €6,431)
- Other debts +€3,000
up €3,000 (+12.1%), from €24,773 to €27,773
- Tax, wage and social debts +€2,937
up €2,937 (+30.6%), from €9,585 to €12,522
of which Taxes: +€1,861
- Staff costs -€52,571
down €52,571 (-62.7%), from €83,802 to €31,231
- Gross operating margin -€47,435
down €47,435 (-47.5%), from €99,940 to €52,506
- Taxes +€2,831
up €2,831 (+125%), from €2,272 to €5,103
- Other operating charges +€1,360
up €1,360 (+115%), from €1,179 to €2,539
- Financial charges -€1,311
down €1,311 (-33.3%), from €3,937 to €2,626
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 | €152,877 | €168,350 | +€15,473 | +10.1% |
| Fixed assets | 21/28 | €10,107 | €5,020 | -€5,087 | -50.3% |
| Tangible fixed assets | 22/27 | €8,924 | €3,837 | -€5,087 | -57.0% |
| Plant, machinery and equipment | 23 | €6,856 | €3,144 | -€3,712 | -54.1% |
| Furniture and vehicles | 24 | €2,068 | €693 | -€1,375 | -66.5% |
| Financial fixed assets | 28 | €1,183 | €1,183 | = | 0.0% |
| Current assets | 29/58 | €142,769 | €163,329 | +€20,560 | +14.4% |
| Stocks and contracts in progress | 3 | €18,500 | - | -€18,500 | |
| Stocks | 30/36 | €18,500 | - | -€18,500 | |
| Amounts receivable within one year | 40/41 | €104,521 | €159,115 | +€54,594 | +52.2% |
| Trade receivables | 40 | €41,149 | €119,139 | +€77,990 | +190% |
| Other amounts receivable | 41 | €63,372 | €39,976 | -€23,396 | -36.9% |
| Cash at bank and in hand | 54/58 | €18,110 | €4,214 | -€13,896 | -76.7% |
| Deferred charges and accrued income | 490/1 | €1,639 | - | -€1,639 | |
| Total equity and liabilities | 10/49 | €152,877 | €168,350 | +€15,473 | +10.1% |
| Equity | 10/15 | €63,073 | €71,882 | +€8,809 | +14.0% |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Reserves | 13 | €47,873 | €56,682 | +€8,809 | +18.4% |
| Distributable reserves | 133 | €47,873 | €56,682 | +€8,809 | +18.4% |
| Amounts payable | 17/49 | €89,804 | €96,467 | +€6,663 | +7.4% |
| Amounts payable after more than one year | 17 | €6,431 | - | -€6,431 | |
| Financial debts | 170/4 | €6,431 | - | -€6,431 | |
| Amounts payable within one year | 42/48 | €83,373 | €96,467 | +€13,094 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €6,689 | €6,431 | -€258 | -3.9% |
| Financial debts | 43 | - | €19 | +€19 | |
| Credit institutions | 430/8 | - | €19 | +€19 | |
| Trade debts | 44 | €42,326 | €49,723 | +€7,396 | +17.5% |
| Suppliers | 440/4 | €42,326 | €49,723 | +€7,396 | +17.5% |
| Taxes, remuneration and social security | 45 | €9,585 | €12,522 | +€2,937 | +30.6% |
| Taxes | 450/3 | €7,746 | €9,607 | +€1,861 | +24.0% |
| Remuneration and social security | 454/9 | €1,839 | €2,915 | +€1,077 | +58.6% |
| Other amounts payable | 47/48 | €24,773 | €27,773 | +€3,000 | +12.1% |
| Remuneration, social security and pensions | 62 | €83,802 | €31,231 | -€52,571 | -62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,794 | €5,087 | -€707 | -12.2% |
| Other operating charges | 640/8 | €1,179 | €2,539 | +€1,360 | +115% |
| Gross operating margin | 9900 | €99,940 | €52,506 | -€47,435 | -47.5% |
| Operating profit (loss) | 9901 | €9,166 | €13,649 | +€4,483 | +48.9% |
| Financial income | 75/76B | €2,381 | €2,889 | +€508 | +21.4% |
| Recurring financial income | 75 | €2,381 | €2,889 | +€508 | +21.4% |
| Financial charges | 65/66B | €3,937 | €2,626 | -€1,311 | -33.3% |
| Recurring financial charges | 65 | €3,937 | €2,626 | -€1,311 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €7,610 | €13,913 | +€6,303 | +82.8% |
| Income taxes | 67/77 | €2,272 | €5,103 | +€2,831 | +125% |
| Profit (loss) for the period | 9904 | €5,338 | €8,809 | +€3,472 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,338 | €8,809 | +€3,472 | +65.0% |
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 25 October 2026 via checked.be.