BEDTIME: 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.
BEDTIME
Largest movements
- Tangible fixed assets +€83,679
up €83,679 (+70.9%), from €117,979 to €201,658
of which Land and buildings: +€86,225
- Receivables within one year +€75,685
up €75,685 (+48.0%), from €157,573 to €233,258
of which Trade receivables: +€79,678
- Stocks and contracts -€75,202
down €75,202 (-8.3%), from €902,171 to €826,969
- Cash -€71,986
down €71,986 (-59.7%), from €120,671 to €48,685
mainly Short-term financial debts (-€170,577) and Investment in fixed assets (net) (-€122,880)
- Short-term financial debts -€170,577
down €170,577 (-47.4%), from €360,000 to €189,423
- Trade debts +€80,148
up €80,148 (+121.3%), from €66,089 to €146,237
- Debts after one year +€67,066
up €67,066 (+23.9%), from €280,556 to €347,622
- Current portion of long-term debt -€63,416
down €63,416 (-65.8%), from €96,350 to €32,934
- Other debts +€56,622
up €56,622 (+326.5%), from €17,345 to €73,966
- Staff costs -€115,977
down €115,977 (-21.6%), from €536,866 to €420,889
- Gross operating margin +€40,223
up €40,223 (+8.9%), from €451,947 to €492,170
- Financial charges -€10,565
down €10,565 (-24.9%), from €42,412 to €31,847
- Depreciation -€8,172
down €8,172 (-17.3%), from €47,373 to €39,201
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 | €1,393,161 | €1,401,470 | +€8,308 | +0.6% |
| Fixed assets | 21/28 | €119,479 | €203,158 | +€83,679 | +70.0% |
| Tangible fixed assets | 22/27 | €117,979 | €201,658 | +€83,679 | +70.9% |
| Land and buildings | 22 | €108,772 | €194,997 | +€86,225 | +79.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €9,207 | €6,661 | -€2,546 | -27.7% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €1,273,683 | €1,198,312 | -€75,371 | -5.9% |
| Amounts receivable after more than one year | 29 | €46,380 | €46,380 | = | 0.0% |
| Other amounts receivable | 291 | €46,380 | €46,380 | = | 0.0% |
| Stocks and contracts in progress | 3 | €902,171 | €826,969 | -€75,202 | -8.3% |
| Stocks | 30/36 | €902,171 | €826,969 | -€75,202 | -8.3% |
| Amounts receivable within one year | 40/41 | €157,573 | €233,258 | +€75,685 | +48.0% |
| Trade receivables | 40 | €144,708 | €224,386 | +€79,678 | +55.1% |
| Other amounts receivable | 41 | €12,865 | €8,871 | -€3,994 | -31.0% |
| Cash at bank and in hand | 54/58 | €120,671 | €48,685 | -€71,986 | -59.7% |
| Deferred charges and accrued income | 490/1 | €46,887 | €43,020 | -€3,867 | -8.2% |
| Total equity and liabilities | 10/49 | €1,393,161 | €1,401,470 | +€8,308 | +0.6% |
| Equity | 10/15 | €327,058 | €350,844 | +€23,786 | +7.3% |
| Contributions | 10/11 | €30,551 | €30,551 | = | 0.0% |
| Reserves | 13 | €296,507 | €320,293 | +€23,786 | +8.0% |
| Distributable reserves | 133 | €296,507 | €320,293 | +€23,786 | +8.0% |
| Amounts payable | 17/49 | €1,066,103 | €1,050,625 | -€15,478 | -1.5% |
| Amounts payable after more than one year | 17 | €280,556 | €347,622 | +€67,066 | +23.9% |
| Financial debts | 170/4 | €280,556 | €347,622 | +€67,066 | +23.9% |
| Amounts payable within one year | 42/48 | €776,666 | €703,003 | -€73,663 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €96,350 | €32,934 | -€63,416 | -65.8% |
| Financial debts | 43 | €360,000 | €189,423 | -€170,577 | -47.4% |
| Credit institutions | 430/8 | €360,000 | €189,423 | -€170,577 | -47.4% |
| Trade debts | 44 | €66,089 | €146,237 | +€80,148 | +121.3% |
| Suppliers | 440/4 | €66,089 | €146,237 | +€80,148 | +121.3% |
| Advances received on contracts in progress | 46 | €123,615 | €142,417 | +€18,802 | +15.2% |
| Taxes, remuneration and social security | 45 | €113,267 | €118,027 | +€4,760 | +4.2% |
| Taxes | 450/3 | €59,170 | €60,725 | +€1,555 | +2.6% |
| Remuneration and social security | 454/9 | €54,097 | €57,301 | +€3,204 | +5.9% |
| Other amounts payable | 47/48 | €17,345 | €73,966 | +€56,622 | +326.5% |
| Accrued charges and deferred income | 492/3 | €8,882 | €0 | -€8,882 | -100.0% |
| Non-recurring operating income | 76A | €25,354 | €0 | -€25,354 | -100.0% |
| Remuneration, social security and pensions | 62 | €536,866 | €420,889 | -€115,977 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,373 | €39,201 | -€8,172 | -17.3% |
| Other operating charges | 640/8 | €5,837 | €6,266 | +€430 | +7.4% |
| Non-recurring operating charges | 66A | €717 | €0 | -€717 | -100.0% |
| Gross operating margin | 9900 | €451,947 | €492,170 | +€40,223 | +8.9% |
| Operating profit (loss) | 9901 | -€138,846 | €25,814 | +€164,660 | |
| Financial income | 75/76B | €32,544 | €29,984 | -€2,560 | -7.9% |
| Recurring financial income | 75 | €32,544 | €29,984 | -€2,560 | -7.9% |
| Financial charges | 65/66B | €42,412 | €31,847 | -€10,565 | -24.9% |
| Recurring financial charges | 65 | €42,412 | €31,847 | -€10,565 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | -€148,714 | €23,951 | +€172,665 | |
| Income taxes | 67/77 | €71 | €165 | +€94 | +133.0% |
| Profit (loss) for the period | 9904 | -€148,785 | €23,786 | +€172,571 | |
| Profit (loss) for the period to be appropriated | 9905 | -€148,785 | €23,786 | +€172,571 |
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 10 October 2026 via checked.be.