BEDUCA: 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.
BEDUCA
Largest movements
- Tangible fixed assets -€53,625
down €53,625 (-7.8%), from €688,180 to €634,555
of which Land and buildings: -€53,405
- Debts after one year -€55,493
down €55,493 (-10.7%), from €519,836 to €464,343
- Current portion of long-term debt +€24,499
up €24,499 (+305.5%), from €8,020 to €32,519
- Profit (loss) carried forward -€24,181
down €24,181 (-25.4%), from -€95,359 to -€119,540
- Turnover -€18,089
down €18,089 (-11.8%), from €152,995 to €134,906
- Gross operating margin -€10,830
down €10,830 (-15.7%), from €68,964 to €58,134
- Purchases and services -€7,451
down €7,451 (-8.6%), from €86,841 to €79,390
- Financial charges -€2,243
down €2,243 (-8.2%), from €27,455 to €25,212
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 | €698,940 | €642,254 | -€56,686 | -8.1% |
| Fixed assets | 21/28 | €688,180 | €634,555 | -€53,625 | -7.8% |
| Tangible fixed assets | 22/27 | €688,180 | €634,555 | -€53,625 | -7.8% |
| Land and buildings | 22 | €687,960 | €634,555 | -€53,405 | -7.8% |
| Furniture and vehicles | 24 | €220 | - | -€220 | |
| Current assets | 29/58 | €10,760 | €7,699 | -€3,061 | -28.4% |
| Amounts receivable within one year | 40/41 | €10,336 | €4,046 | -€6,290 | -60.9% |
| Trade receivables | 40 | €10,336 | €4,046 | -€6,290 | -60.9% |
| Cash at bank and in hand | 54/58 | €194 | €3,417 | +€3,223 | +1661.3% |
| Deferred charges and accrued income | 490/1 | €230 | €236 | +€6 | +2.6% |
| Total equity and liabilities | 10/49 | €698,940 | €642,254 | -€56,686 | -8.1% |
| Equity | 10/15 | -€74,899 | -€99,080 | -€24,181 | -32.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,359 | -€119,540 | -€24,181 | -25.4% |
| Amounts payable | 17/49 | €773,839 | €741,334 | -€32,505 | -4.2% |
| Amounts payable after more than one year | 17 | €519,836 | €464,343 | -€55,493 | -10.7% |
| Financial debts | 170/4 | €519,836 | €464,343 | -€55,493 | -10.7% |
| Amounts payable within one year | 42/48 | €254,003 | €276,991 | +€22,988 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €8,020 | €32,519 | +€24,499 | +305.5% |
| Financial debts | 43 | €3,489 | - | -€3,489 | |
| Credit institutions | 430/8 | €3,489 | - | -€3,489 | |
| Trade debts | 44 | €2,046 | €2,662 | +€616 | +30.1% |
| Suppliers | 440/4 | €2,046 | €2,662 | +€616 | +30.1% |
| Taxes, remuneration and social security | 45 | €5,887 | €11,962 | +€6,075 | +103.2% |
| Taxes | 450/3 | €5,887 | €11,962 | +€6,075 | +103.2% |
| Other amounts payable | 47/48 | €234,561 | €229,848 | -€4,713 | -2.0% |
| Turnover | 70 | €152,995 | €134,906 | -€18,089 | -11.8% |
| Non-recurring operating income | 76A | €2,810 | €2,618 | -€192 | -6.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €86,841 | €79,390 | -€7,451 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,902 | €53,625 | +€723 | +1.4% |
| Other operating charges | 640/8 | €3,178 | €3,124 | -€54 | -1.7% |
| Non-recurring operating charges | 66A | €126 | €145 | +€19 | +15.1% |
| Gross operating margin | 9900 | €68,964 | €58,134 | -€10,830 | -15.7% |
| Operating profit (loss) | 9901 | €12,758 | €1,240 | -€11,518 | -90.3% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €27,455 | €25,212 | -€2,243 | -8.2% |
| Recurring financial charges | 65 | €27,455 | €25,212 | -€2,243 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,667 | -€23,972 | -€9,305 | -63.4% |
| Income taxes | 67/77 | €230 | €209 | -€21 | -9.1% |
| Profit (loss) for the period | 9904 | -€14,897 | -€24,181 | -€9,284 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,897 | -€24,181 | -€9,284 | -62.3% |
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.