Bedrico: 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.
Bedrico
Largest movements
- Tangible fixed assets +€408,353
up €408,353 (+93.2%), from €437,942 to €846,295
of which Land and buildings: +€412,543
- Cash -€139,532
down €139,532 (-57.4%), from €243,066 to €103,534
mainly Investment in fixed assets (net) (-€439,939) and Tax, wage and social debts (-€33,366)
- Debts after one year +€220,000
up €220,000 (+80.4%), from €273,542 to €493,542
- Reserves +€39,254
up €39,254 (+14.6%), from €269,406 to €308,660
- Tax, wage and social debts -€33,366
down €33,366 (-30.2%), from €110,527 to €77,162
- Current portion of long-term debt +€30,000
up €30,000 (+92.3%), from €32,500 to €62,500
- Gross operating margin -€98,247
down €98,247 (-47.7%), from €205,917 to €107,670
- Taxes -€31,609
down €31,609 (-66.6%), from €47,446 to €15,837
- Financial charges +€10,686
up €10,686 (+125.2%), from €8,535 to €19,221
- Depreciation -€5,706
down €5,706 (-15.3%), from €37,292 to €31,586
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 | €702,566 | €968,165 | +€265,598 | +37.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €437,942 | €846,295 | +€408,353 | +93.2% |
| Tangible fixed assets | 22/27 | €437,942 | €846,295 | +€408,353 | +93.2% |
| Land and buildings | 22 | €411,825 | €824,368 | +€412,543 | +100.2% |
| Plant, machinery and equipment | 23 | €1,191 | €669 | -€522 | -43.8% |
| Furniture and vehicles | 24 | €24,925 | €21,257 | -€3,668 | -14.7% |
| Current assets | 29/58 | €264,625 | €121,870 | -€142,755 | -53.9% |
| Amounts receivable within one year | 40/41 | €19,344 | €18,333 | -€1,010 | -5.2% |
| Trade receivables | 40 | €19,344 | €18,333 | -€1,010 | -5.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €243,066 | €103,534 | -€139,532 | -57.4% |
| Deferred charges and accrued income | 490/1 | €2,215 | €3 | -€2,212 | -99.9% |
| Total equity and liabilities | 10/49 | €702,566 | €968,165 | +€265,598 | +37.8% |
| Equity | 10/15 | €279,406 | €318,660 | +€39,254 | +14.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €269,406 | €308,660 | +€39,254 | +14.6% |
| Distributable reserves | 133 | €269,406 | €308,660 | +€39,254 | +14.6% |
| Amounts payable | 17/49 | €423,161 | €649,505 | +€226,344 | +53.5% |
| Amounts payable after more than one year | 17 | €273,542 | €493,542 | +€220,000 | +80.4% |
| Financial debts | 170/4 | €273,542 | €493,542 | +€220,000 | +80.4% |
| Amounts payable within one year | 42/48 | €149,619 | €155,573 | +€5,954 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €32,500 | €62,500 | +€30,000 | +92.3% |
| Trade debts | 44 | €2,673 | €8,780 | +€6,107 | +228.5% |
| Suppliers | 440/4 | €2,673 | €8,780 | +€6,107 | +228.5% |
| Taxes, remuneration and social security | 45 | €110,527 | €77,162 | -€33,366 | -30.2% |
| Taxes | 450/3 | €110,527 | €77,162 | -€33,366 | -30.2% |
| Other amounts payable | 47/48 | €3,919 | €7,131 | +€3,212 | +82.0% |
| Accrued charges and deferred income | 492/3 | - | €391 | +€391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,292 | €31,586 | -€5,706 | -15.3% |
| Other operating charges | 640/8 | €841 | €2,150 | +€1,309 | +155.6% |
| Gross operating margin | 9900 | €205,917 | €107,670 | -€98,247 | -47.7% |
| Operating profit (loss) | 9901 | €167,784 | €73,934 | -€93,850 | -55.9% |
| Financial income | 75/76B | €551 | €379 | -€172 | -31.2% |
| Recurring financial income | 75 | €551 | €379 | -€172 | -31.2% |
| Financial charges | 65/66B | €8,535 | €19,221 | +€10,686 | +125.2% |
| Recurring financial charges | 65 | €8,535 | €19,221 | +€10,686 | +125.2% |
| Profit (loss) for the period before taxes | 9903 | €159,799 | €55,091 | -€104,708 | -65.5% |
| Income taxes | 67/77 | €47,446 | €15,837 | -€31,609 | -66.6% |
| Profit (loss) for the period | 9904 | €112,353 | €39,254 | -€73,099 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €112,353 | €39,254 | -€73,099 | -65.1% |
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.