BEDKA: 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.
BEDKA
Largest movements
- Stocks and contracts +€61,000
up €61,000 (+249%), from €24,500 to €85,500
- Receivables within one year +€37,030
up €37,030 (+248%), from €14,914 to €51,944
of which Trade receivables: +€37,060
- Intangible fixed assets +€15,780
new in 2025: €15,780
- Cash -€12,887
down €12,887 (-87.8%), from €14,676 to €1,789
mainly Stocks and contracts (-€61,000) and Receivables within one year (-€37,030)
- Tangible fixed assets -€1,821
down €1,821 (-20.0%), from €9,100 to €7,279
- Other debts +€72,606
up €72,606 (+285%), from €25,464 to €98,071
- Advances received +€15,526
new in 2025: €15,526
- Reserves +€5,164
up €5,164 (+880%), from €587 to €5,751
- Tax, wage and social debts +€4,836
up €4,836 (+45.6%), from €10,610 to €15,446
of which Taxes: +€3,317
- Gross operating margin +€31,241
up €31,241 (+153%), from €20,424 to €51,665
- Staff costs +€21,285
up €21,285 (+123%), from €17,266 to €38,551
- Other operating charges +€3,139
up €3,139 (+810%), from €387 to €3,526
- Depreciation +€2,458
up €2,458 (+2,849%), from €86 to €2,544
- Financial charges -€1,372
down €1,372 (-70.7%), from €1,941 to €569
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 | €73,690 | €172,792 | +€99,102 | +134% |
| Fixed assets | 21/28 | €19,600 | €33,559 | +€13,959 | +71.2% |
| Intangible fixed assets | 21 | - | €15,780 | +€15,780 | |
| Tangible fixed assets | 22/27 | €9,100 | €7,279 | -€1,821 | -20.0% |
| Furniture and vehicles | 24 | €9,100 | €7,279 | -€1,821 | -20.0% |
| Financial fixed assets | 28 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €54,090 | €139,234 | +€85,143 | +157% |
| Stocks and contracts in progress | 3 | €24,500 | €85,500 | +€61,000 | +249% |
| Contracts in progress | 37 | €24,500 | €85,500 | +€61,000 | +249% |
| Amounts receivable within one year | 40/41 | €14,914 | €51,944 | +€37,030 | +248% |
| Trade receivables | 40 | €14,884 | €51,944 | +€37,060 | +249% |
| Other amounts receivable | 41 | €30 | - | -€30 | |
| Cash at bank and in hand | 54/58 | €14,676 | €1,789 | -€12,887 | -87.8% |
| Total equity and liabilities | 10/49 | €73,690 | €172,792 | +€99,102 | +134% |
| Equity | 10/15 | €20,587 | €25,751 | +€5,164 | +25.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €587 | €5,751 | +€5,164 | +880% |
| Distributable reserves | 133 | €587 | €5,751 | +€5,164 | +880% |
| Amounts payable | 17/49 | €53,103 | €147,041 | +€93,938 | +177% |
| Amounts payable within one year | 42/48 | €53,103 | €146,949 | +€93,847 | +177% |
| Trade debts | 44 | €17,028 | €17,907 | +€879 | +5.2% |
| Suppliers | 440/4 | €17,028 | €17,907 | +€879 | +5.2% |
| Advances received on contracts in progress | 46 | - | €15,526 | +€15,526 | |
| Taxes, remuneration and social security | 45 | €10,610 | €15,446 | +€4,836 | +45.6% |
| Taxes | 450/3 | €6,208 | €9,525 | +€3,317 | +53.4% |
| Remuneration and social security | 454/9 | €4,403 | €5,921 | +€1,519 | +34.5% |
| Other amounts payable | 47/48 | €25,464 | €98,071 | +€72,606 | +285% |
| Accrued charges and deferred income | 492/3 | - | €92 | +€92 | |
| Remuneration, social security and pensions | 62 | €17,266 | €38,551 | +€21,285 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86 | €2,544 | +€2,458 | +2,849% |
| Other operating charges | 640/8 | €387 | €3,526 | +€3,139 | +810% |
| Gross operating margin | 9900 | €20,424 | €51,665 | +€31,241 | +153% |
| Operating profit (loss) | 9901 | €2,685 | €7,043 | +€4,359 | +162% |
| Financial charges | 65/66B | €1,941 | €569 | -€1,372 | -70.7% |
| Recurring financial charges | 65 | €1,941 | €569 | -€1,372 | -70.7% |
| Profit (loss) for the period before taxes | 9903 | €744 | €6,475 | +€5,731 | +771% |
| Income taxes | 67/77 | €157 | €1,311 | +€1,154 | +737% |
| Profit (loss) for the period | 9904 | €587 | €5,164 | +€4,577 | +780% |
| Profit (loss) for the period to be appropriated | 9905 | €587 | €5,164 | +€4,577 | +780% |
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 30 October 2026 via checked.be.