BEDO: 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.
BEDO
Largest movements
- Cash +€6,548
up €6,548 (+13.3%), from €49,179 to €55,727
mainly Net result for the year (+€20,255) and Depreciation (+€11,385)
- Tangible fixed assets +€5,895
up €5,895 (+6.6%), from €88,784 to €94,679
- Profit (loss) carried forward +€20,255
up €20,255 (+12.3%), from -€164,298 to -€144,043
- Other debts -€12,805
no longer reported in 2025 (was €12,805)
- Tax, wage and social debts +€3,000
new in 2025: €3,000
- Trade debts +€1,862
up €1,862 (+227.2%), from €819 to €2,681
- Gross operating margin +€10,913
up €10,913 (+35.0%), from €31,196 to €42,109
- Taxes +€2,981
up €2,981 (+73.3%), from €4,070 to €7,051
- Depreciation +€563
up €563 (+5.2%), from €10,822 to €11,385
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 | €137,963 | €150,406 | +€12,443 | +9.0% |
| Fixed assets | 21/28 | €88,784 | €94,679 | +€5,895 | +6.6% |
| Tangible fixed assets | 22/27 | €88,784 | €94,679 | +€5,895 | +6.6% |
| Land and buildings | 22 | €88,784 | €94,679 | +€5,895 | +6.6% |
| Current assets | 29/58 | €49,179 | €55,727 | +€6,548 | +13.3% |
| Cash at bank and in hand | 54/58 | €49,179 | €55,727 | +€6,548 | +13.3% |
| Total equity and liabilities | 10/49 | €137,963 | €150,406 | +€12,443 | +9.0% |
| Equity | 10/15 | €120,774 | €141,029 | +€20,255 | +16.8% |
| Contributions | 10/11 | €281,973 | €281,973 | = | 0.0% |
| Capital | 10 | €281,973 | €281,973 | = | 0.0% |
| Issued capital | 100 | €281,973 | €281,973 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,298 | -€144,043 | +€20,255 | +12.3% |
| Amounts payable | 17/49 | €17,189 | €9,377 | -€7,813 | -45.4% |
| Amounts payable within one year | 42/48 | €13,624 | €5,681 | -€7,944 | -58.3% |
| Trade debts | 44 | €819 | €2,681 | +€1,862 | +227.2% |
| Suppliers | 440/4 | €819 | €2,681 | +€1,862 | +227.2% |
| Taxes, remuneration and social security | 45 | - | €3,000 | +€3,000 | |
| Taxes | 450/3 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €12,805 | - | -€12,805 | |
| Accrued charges and deferred income | 492/3 | €3,565 | €3,696 | +€131 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,822 | €11,385 | +€563 | +5.2% |
| Other operating charges | 640/8 | €3,544 | €3,675 | +€132 | +3.7% |
| Gross operating margin | 9900 | €31,196 | €42,109 | +€10,913 | +35.0% |
| Operating profit (loss) | 9901 | €16,830 | €27,048 | +€10,218 | +60.7% |
| Financial income | 75/76B | €270 | €288 | +€18 | +6.8% |
| Recurring financial income | 75 | €270 | €288 | +€18 | +6.8% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €17,071 | €27,306 | +€10,235 | +60.0% |
| Income taxes | 67/77 | €4,070 | €7,051 | +€2,981 | +73.3% |
| Profit (loss) for the period | 9904 | €13,001 | €20,255 | +€7,254 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,001 | €20,255 | +€7,254 | +55.8% |
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 30 September 2026 via checked.be.