BEDNET: what changed
Two fiscal 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.
BEDNET
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+184.2%), from €608,734 to €1.7m
of which Plant, machinery and equipment: +€1.1m
- Cash -€563,166
down €563,166 (-27.1%), from €2.1m to €1.5m
mainly Investment in fixed assets (net) (-€1.8m) and Net result for the year (-€105,053)
- Investment grants +€616,857
up €616,857 (+55.4%), from €1.1m to €1.7m
- Reserves -€105,053
down €105,053 (-5.6%), from €1.9m to €1.8m
- Trade debts +€73,109
up €73,109 (+140.4%), from €52,080 to €125,190
- Depreciation +€403,236
up €403,236 (+136.4%), from €295,630 to €698,866
- Gross operating margin -€386,211
down €386,211 (-17.6%), from €2.2m to €1.8m
- Purchases and services +€123,264
up €123,264 (+22.2%), from €555,719 to €678,983
- Staff costs -€28,270
down €28,270 (-2.3%), from €1.2m to €1.2m
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 | €3,286,948 | €3,848,403 | +€561,454 | +17.1% |
| Fixed assets | 21/28 | €623,025 | €1,739,882 | +€1.1m | +179.3% |
| Intangible fixed assets | 21 | €4,491 | €0 | -€4,491 | -100.0% |
| Tangible fixed assets | 22/27 | €608,734 | €1,730,082 | +€1.1m | +184.2% |
| Plant, machinery and equipment | 23 | €547,290 | €1,678,092 | +€1.1m | +206.6% |
| Furniture and vehicles | 24 | €61,444 | €51,991 | -€9,453 | -15.4% |
| Financial fixed assets | 28 | €9,800 | €9,800 | = | 0.0% |
| Current assets | 29/58 | €2,663,924 | €2,108,520 | -€555,403 | -20.8% |
| Amounts receivable within one year | 40/41 | €514,800 | €525,716 | +€10,916 | +2.1% |
| Trade receivables | 40 | €25,000 | €0 | -€25,000 | -100.0% |
| Other amounts receivable | 41 | €489,800 | €525,716 | +€35,916 | +7.3% |
| Cash at bank and in hand | 54/58 | €2,078,383 | €1,515,217 | -€563,166 | -27.1% |
| Deferred charges and accrued income | 490/1 | €70,741 | €67,588 | -€3,153 | -4.5% |
| Total equity and liabilities | 10/49 | €3,286,948 | €3,848,403 | +€561,454 | +17.1% |
| Equity | 10/15 | €2,976,900 | €3,488,704 | +€511,804 | +17.2% |
| Reserves | 13 | €1,863,678 | €1,758,625 | -€105,053 | -5.6% |
| Investment grants | 15 | €1,113,222 | €1,730,079 | +€616,857 | +55.4% |
| Amounts payable | 17/49 | €310,049 | €359,699 | +€49,650 | +16.0% |
| Amounts payable within one year | 42/48 | €310,049 | €359,699 | +€49,650 | +16.0% |
| Trade debts | 44 | €52,080 | €125,190 | +€73,109 | +140.4% |
| Suppliers | 440/4 | €52,080 | €125,190 | +€73,109 | +140.4% |
| Taxes, remuneration and social security | 45 | €257,968 | €234,509 | -€23,459 | -9.1% |
| Remuneration and social security | 454/9 | €257,968 | €234,509 | -€23,459 | -9.1% |
| Non-recurring operating income | 76A | €28,429 | €0 | -€28,429 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €555,719 | €678,983 | +€123,264 | +22.2% |
| Remuneration, social security and pensions | 62 | €1,245,079 | €1,216,810 | -€28,270 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295,630 | €698,866 | +€403,236 | +136.4% |
| Other operating charges | 640/8 | €3,503 | €3,325 | -€177 | -5.1% |
| Non-recurring operating charges | 66A | €561 | €0 | -€561 | -100.0% |
| Gross operating margin | 9900 | €2,197,501 | €1,811,290 | -€386,211 | -17.6% |
| Operating profit (loss) | 9901 | €652,728 | -€107,712 | -€760,440 | |
| Financial income | 75/76B | €1,253 | €3,825 | +€2,573 | +205.4% |
| Recurring financial income | 75 | €1,253 | €3,825 | +€2,573 | +205.4% |
| Financial charges | 65/66B | €1,424 | €1,167 | -€258 | -18.1% |
| Recurring financial charges | 65 | €1,424 | €1,167 | -€258 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €652,556 | -€105,053 | -€757,609 | |
| Profit (loss) for the period | 9904 | €652,556 | -€105,053 | -€757,609 | |
| Profit (loss) for the period to be appropriated | 9905 | €652,556 | -€105,053 | -€757,609 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.