BEDUCO: what changed
What changed
BEDUCO
NACE 10.920, Manufacture of food products
filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.7m-€621,654
Equity
€7.6m
2024 · €7.5m+€82,083
Cash
€406,345
2024 · €289,447+€116,899
Balance sheet total
€14.8m
2024 · €12.9m+€1.9m
Largest movements
Assets
- Financial fixed assets +€3.3m
new in 2025: €3.3m
of which Affiliated companies: +€3.3m
- Receivables within one year -€2.6m
down €2.6m (-41.9%), from €6.2m to €3.6m
of which Other amounts receivable: -€2.7m
- Intangible fixed assets +€1.2m
up €1.2m (+397%), from €302,733 to €1.5m
- Tangible fixed assets -€307,744
down €307,744 (-17.0%), from €1.8m to €1.5m
Equity and liabilities
- Short-term financial debts +€1.9m
new in 2025: €1.9m
Income statement
- Turnover -€2.0m
down €2.0m (-5.3%), from €38.4m to €36.3m
- Goods and materials -€1.3m
down €1.3m (-4.7%), from €26.8m to €25.5m
of which Change in stocks: decrease (increase): -€820,656
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.7m
Turnover
-€2.0m
Other operating income
-€38,111
Goods and materials
+€1.3m
Services and other goods
-€177,846
Staff costs
-€155,709
Depreciation
+€18,037
Write-downs
+€79,034
Provisions
+€183
Other operating charges
-€43,325
Other operating items
+€194,973
Financial income
+€31,045
Financial charges
+€16,919
Taxes
+€219,899
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.8m
Investment
-€4.6m
Financing
+€930,922
Cash 2024
€289,447
From operations (derived)
+€3.8m
Net result for the year
+€1.1m
Depreciation
+€448,960
Stocks and contracts
-€139,623
Receivables within one year
+€2.6m
Deferred charges and accrued income
-€18,006
Provisions
-€20,861
Trade debts
-€141,734
Tax, wage and social debts
-€84,550
Advances received
+€83,464
Smaller working-capital items
+€5,807
Investment (derived)
-€4.6m
Investment in fixed assets (net)
-€4.6m
Financing
+€930,922
Short-term financial debts
+€1.9m
Contributions, distributions and other
-€1.0m
Cash 2025
€406,345
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,900,850 | €14,755,980 | +€1.9m | +14.4% |
| Fixed assets | 21/28 | €2,108,476 | €6,272,998 | +€4.2m | +198% |
| Intangible fixed assets | 21 | €302,733 | €1,503,708 | +€1.2m | +397% |
| Tangible fixed assets | 22/27 | €1,805,743 | €1,497,999 | -€307,744 | -17.0% |
| Land and buildings | 22 | €954,752 | €813,990 | -€140,763 | -14.7% |
| Plant, machinery and equipment | 23 | €583,693 | €509,394 | -€74,299 | -12.7% |
| Furniture and vehicles | 24 | €256,168 | €163,485 | -€92,682 | -36.2% |
| Assets under construction and advance payments | 27 | €11,130 | €11,130 | = | 0.0% |
| Financial fixed assets | 28 | - | €3,271,291 | +€3.3m | |
| Affiliated companies | 280/1 | - | €3,271,251 | +€3.3m | |
| Participating interests | 280 | - | €3,271,251 | +€3.3m | |
| Other financial fixed assets | 284/8 | - | €40 | +€40 | |
| Amounts receivable and cash guarantees | 285/8 | - | €40 | +€40 | |
| Current assets | 29/58 | €10,792,374 | €8,482,982 | -€2.3m | -21.4% |
| Amounts receivable after more than one year | 29 | €12,960 | €12,960 | = | 0.0% |
| Other amounts receivable | 291 | €12,960 | €12,960 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,264,743 | €4,404,366 | +€139,623 | +3.3% |
| Stocks | 30/36 | €4,264,743 | €4,404,366 | +€139,623 | +3.3% |
| Raw materials and consumables | 30/31 | €2,637,534 | €2,516,616 | -€120,918 | -4.6% |
| Finished goods | 33 | €644,793 | €671,946 | +€27,152 | +4.2% |
| Goods purchased for resale | 34 | €982,417 | €1,215,805 | +€233,388 | +23.8% |
| Amounts receivable within one year | 40/41 | €6,165,542 | €3,581,624 | -€2.6m | -41.9% |
| Trade receivables | 40 | €3,287,111 | €3,356,221 | +€69,110 | +2.1% |
| Other amounts receivable | 41 | €2,878,432 | €225,402 | -€2.7m | -92.2% |
| Cash at bank and in hand | 54/58 | €289,447 | €406,345 | +€116,899 | +40.4% |
| Deferred charges and accrued income | 490/1 | €59,681 | €77,687 | +€18,006 | +30.2% |
| Total equity and liabilities | 10/49 | €12,900,850 | €14,755,980 | +€1.9m | +14.4% |
| Equity | 10/15 | €7,477,080 | €7,559,163 | +€82,083 | +1.1% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Issued capital | 100 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €6,777,080 | €6,859,163 | +€82,083 | +1.2% |
| Non-distributable reserves | 130/1 | €70,000 | €70,000 | = | 0.0% |
| Legal reserve | 130 | €70,000 | €70,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €653,016 | €589,266 | -€63,750 | -9.8% |
| Distributable reserves | 133 | €6,054,064 | €6,199,897 | +€145,833 | +2.4% |
| Provisions and deferred taxes | 16 | €163,550 | €142,689 | -€20,861 | -12.8% |
| Provisions for liabilities and charges | 160/5 | €8,470 | €8,859 | +€389 | +4.6% |
| Pensions and similar obligations | 160 | €8,470 | €8,859 | +€389 | +4.6% |
| Deferred taxes | 168 | €155,080 | €133,830 | -€21,250 | -13.7% |
| Amounts payable | 17/49 | €5,260,220 | €7,054,129 | +€1.8m | +34.1% |
| Amounts payable within one year | 42/48 | €5,260,156 | €7,054,129 | +€1.8m | +34.1% |
| Financial debts | 43 | - | €1,930,922 | +€1.9m | |
| Other loans | 439 | - | €1,930,922 | +€1.9m | |
| Trade debts | 44 | €3,248,459 | €3,106,726 | -€141,734 | -4.4% |
| Suppliers | 440/4 | €3,248,459 | €3,106,726 | -€141,734 | -4.4% |
| Advances received on contracts in progress | 46 | €90,215 | €173,679 | +€83,464 | +92.5% |
| Taxes, remuneration and social security | 45 | €854,044 | €769,494 | -€84,550 | -9.9% |
| Taxes | 450/3 | €359,570 | €272,531 | -€87,039 | -24.2% |
| Remuneration and social security | 454/9 | €494,474 | €496,963 | +€2,489 | +0.5% |
| Other amounts payable | 47/48 | €1,067,438 | €1,073,309 | +€5,871 | +0.6% |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Operating income | 70/76A | €39,527,319 | €37,650,376 | -€1.9m | -4.7% |
| Turnover | 70 | €38,350,488 | €36,316,683 | -€2.0m | -5.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€147,003 | €27,152 | +€174,155 | |
| Other operating income | 74 | €1,319,701 | €1,281,591 | -€38,111 | -2.9% |
| Non-recurring operating income | 76A | €4,132 | €24,950 | +€20,818 | +504% |
| Operating charges | 60/66A | €37,001,091 | €36,013,665 | -€987,426 | -2.7% |
| Goods for resale, raw materials and consumables | 60 | €26,803,971 | €25,536,919 | -€1.3m | -4.7% |
| Purchases | 600/8 | €26,095,786 | €25,649,390 | -€446,396 | -1.7% |
| Change in stocks: decrease (increase) | 609 | €708,185 | -€112,471 | -€820,656 | |
| Services and other goods | 61 | €5,616,699 | €5,794,545 | +€177,846 | +3.2% |
| Remuneration, social security and pensions | 62 | €3,975,285 | €4,130,994 | +€155,709 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466,997 | €448,960 | -€18,037 | -3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,268 | -€54,766 | -€79,034 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €571 | €389 | -€183 | -32.0% |
| Other operating charges | 640/8 | €113,299 | €156,624 | +€43,325 | +38.2% |
| Operating profit (loss) | 9901 | €2,526,228 | €1,636,711 | -€889,517 | -35.2% |
| Financial income | 75/76B | €61,810 | €92,855 | +€31,045 | +50.2% |
| Recurring financial income | 75 | €61,810 | €92,855 | +€31,045 | +50.2% |
| Income from current assets | 751 | €60,189 | €66,179 | +€5,991 | +10.0% |
| Other financial income | 752/9 | €1,622 | €26,676 | +€25,054 | +1,545% |
| Financial charges | 65/66B | €250,552 | €233,633 | -€16,919 | -6.8% |
| Recurring financial charges | 65 | €250,552 | €233,633 | -€16,919 | -6.8% |
| Debt charges | 650 | €3,303 | €10,733 | +€7,430 | +225% |
| Other financial charges | 652/9 | €247,248 | €222,900 | -€24,349 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €2,337,487 | €1,495,933 | -€841,554 | -36.0% |
| Transfer from deferred taxes | 780 | €21,250 | €21,250 | = | 0.0% |
| Income taxes | 67/77 | €655,000 | €435,101 | -€219,899 | -33.6% |
| Taxes | 670/3 | €655,000 | €437,500 | -€217,500 | -33.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €2,399 | +€2,399 | |
| Profit (loss) for the period | 9904 | €1,703,737 | €1,082,083 | -€621,654 | -36.5% |
| Transfer from tax-exempt reserves | 789 | €63,750 | €63,750 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,767,487 | €1,145,833 | -€621,654 | -35.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.