BEDU BELGIUM: 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.
BEDU BELGIUM
Largest movements
- Cash -€77,700
down €77,700 (-81.1%), from €95,834 to €18,134
mainly Contributions, distributions and other (-€700,000) and Trade debts (-€218,674)
- Receivables within one year -€34,102
down €34,102 (-3.1%), from €1.1m to €1.1m
of which Trade receivables: -€178,961
- Other debts +€700,000
new in 2025: €700,000
- Reserves -€577,659
down €577,659 (-70.9%), from €814,523 to €236,864
of which Distributable reserves: -€577,659
- Trade debts -€218,674
down €218,674 (-99.1%), from €220,612 to €1,939
- Tax, wage and social debts -€100,426
down €100,426 (-77.6%), from €129,384 to €28,958
- Accrued charges and deferred income +€84,957
up €84,957 (+348%), from €24,397 to €109,353
- Gross operating margin -€84,043
down €84,043 (-35.3%), from €237,776 to €153,733
- Taxes -€21,076
down €21,076 (-32.9%), from €64,072 to €42,996
- Financial income +€3,460
up €3,460 (+23.1%), from €14,961 to €18,421
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 | €1,195,116 | €1,083,314 | -€111,802 | -9.4% |
| Fixed assets | 21/28 | €3,331 | €3,331 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €3,331 | €3,331 | = | 0.0% |
| Current assets | 29/58 | €1,191,785 | €1,079,983 | -€111,802 | -9.4% |
| Amounts receivable within one year | 40/41 | €1,095,951 | €1,061,849 | -€34,102 | -3.1% |
| Trade receivables | 40 | €528,806 | €349,845 | -€178,961 | -33.8% |
| Other amounts receivable | 41 | €567,145 | €712,004 | +€144,859 | +25.5% |
| Cash at bank and in hand | 54/58 | €95,834 | €18,134 | -€77,700 | -81.1% |
| Total equity and liabilities | 10/49 | €1,195,116 | €1,083,314 | -€111,802 | -9.4% |
| Equity | 10/15 | €820,723 | €243,064 | -€577,659 | -70.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €814,523 | €236,864 | -€577,659 | -70.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €812,663 | €235,004 | -€577,659 | -71.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €374,393 | €840,250 | +€465,857 | +124% |
| Amounts payable within one year | 42/48 | €349,996 | €730,896 | +€380,900 | +109% |
| Trade debts | 44 | €220,612 | €1,939 | -€218,674 | -99.1% |
| Suppliers | 440/4 | €220,612 | €1,939 | -€218,674 | -99.1% |
| Taxes, remuneration and social security | 45 | €129,384 | €28,958 | -€100,426 | -77.6% |
| Taxes | 450/3 | €129,384 | €28,958 | -€100,426 | -77.6% |
| Other amounts payable | 47/48 | - | €700,000 | +€700,000 | |
| Accrued charges and deferred income | 492/3 | €24,397 | €109,353 | +€84,957 | +348% |
| Non-recurring operating income | 76A | €317 | €0 | -€317 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,103 | €1,208 | -€894 | -42.5% |
| Gross operating margin | 9900 | €237,776 | €153,733 | -€84,043 | -35.3% |
| Operating profit (loss) | 9901 | €235,673 | €152,524 | -€83,149 | -35.3% |
| Financial income | 75/76B | €14,961 | €18,421 | +€3,460 | +23.1% |
| Recurring financial income | 75 | €14,961 | €18,421 | +€3,460 | +23.1% |
| Financial charges | 65/66B | €4,604 | €5,608 | +€1,003 | +21.8% |
| Recurring financial charges | 65 | €4,604 | €5,608 | +€1,003 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €246,029 | €165,337 | -€80,692 | -32.8% |
| Income taxes | 67/77 | €64,072 | €42,996 | -€21,076 | -32.9% |
| Profit (loss) for the period | 9904 | €181,957 | €122,341 | -€59,616 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €181,957 | €122,341 | -€59,616 | -32.8% |
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.