BEDUKO: 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.
What changed
BEDUKO
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€92,770
2024 · €14,580+€78,190
Equity
€1.2m
2024 · €1.1m+€92,769
Cash
€15,202
2024 · €15,090+€112
Balance sheet total
€6.1m
2024 · €6.2m-€139,640
Largest movements
Assets
- Tangible fixed assets -€138,996
down €138,996 (-2.3%), from €6.2m to €6.0m
Equity and liabilities
- Debts after one year -€247,376
down €247,376 (-7.3%), from €3.4m to €3.1m
- Profit (loss) carried forward +€92,769
up €92,769 (+9.6%), from €964,338 to €1.1m
Income statement
- Depreciation -€88,261
down €88,261 (-30.4%), from €290,533 to €202,272
- Taxes +€30,710
up €30,710 (+1003.6%), from €3,060 to €33,770
- Gross operating margin +€16,353
up €16,353 (+4.5%), from €366,957 to €383,310
- Financial charges -€6,609
down €6,609 (-14.4%), from €45,907 to €39,298
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.
Result 2024
€14,580
Gross operating margin
+€16,353
Depreciation
+€88,261
Other operating charges
-€2,299
Financial income
-€24
Financial charges
+€6,609
Taxes
-€30,710
Result 2025
€92,770
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.
From operations
+€308,505
Investment
-€63,276
Financing
-€245,117
Cash 2024
€15,090
From operations (derived)
+€308,505
Net result for the year
+€92,770
Depreciation
+€202,272
Receivables within one year
+€756
Trade debts
-€26,920
Tax, wage and social debts
+€33,769
Other debts
+€2,254
Accrued charges and deferred income
+€3,604
Investment (derived)
-€63,276
Investment in fixed assets (net)
-€63,276
Financing
-€245,117
Debts after one year
-€247,376
Current portion of long-term debt
+€2,260
Contributions, distributions and other
-€1
Cash 2025
€15,202
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,189,993 | €6,050,353 | -€139,640 | -2.3% |
| Fixed assets | 21/28 | €6,161,366 | €6,022,370 | -€138,996 | -2.3% |
| Tangible fixed assets | 22/27 | €6,161,173 | €6,022,177 | -€138,996 | -2.3% |
| Land and buildings | 22 | €6,161,173 | €6,022,177 | -€138,996 | -2.3% |
| Financial fixed assets | 28 | €193 | €193 | = | 0.0% |
| Current assets | 29/58 | €28,627 | €27,983 | -€644 | -2.2% |
| Amounts receivable within one year | 40/41 | €13,287 | €12,531 | -€756 | -5.7% |
| Trade receivables | 40 | €3,843 | €3,087 | -€756 | -19.7% |
| Other amounts receivable | 41 | €9,444 | €9,444 | = | 0.0% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,090 | €15,202 | +€112 | +0.7% |
| Total equity and liabilities | 10/49 | €6,189,993 | €6,050,353 | -€139,640 | -2.3% |
| Equity | 10/15 | €1,100,679 | €1,193,448 | +€92,769 | +8.4% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Contributions outside capital | 11 | €123,947 | €123,947 | = | 0.0% |
| Share premium | 1100/10 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €12,394 | €12,394 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,394 | €12,394 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,394 | €12,394 | = | 0.0% |
| Profit (loss) carried forward | 14 | €964,338 | €1,057,107 | +€92,769 | +9.6% |
| Amounts payable | 17/49 | €5,089,314 | €4,856,905 | -€232,409 | -4.6% |
| Amounts payable after more than one year | 17 | €3,393,997 | €3,146,621 | -€247,376 | -7.3% |
| Financial debts | 170/4 | €3,393,997 | €3,146,621 | -€247,376 | -7.3% |
| Amounts payable within one year | 42/48 | €1,695,259 | €1,706,622 | +€11,363 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €245,115 | €247,375 | +€2,260 | +0.9% |
| Trade debts | 44 | €33,974 | €7,054 | -€26,920 | -79.2% |
| Suppliers | 440/4 | €33,974 | €7,054 | -€26,920 | -79.2% |
| Taxes, remuneration and social security | 45 | - | €33,769 | +€33,769 | |
| Taxes | 450/3 | - | €33,769 | +€33,769 | |
| Other amounts payable | 47/48 | €1,416,170 | €1,418,424 | +€2,254 | +0.2% |
| Accrued charges and deferred income | 492/3 | €58 | €3,662 | +€3,604 | +6213.8% |
| Non-recurring operating income | 76A | €4,113 | - | -€4,113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290,533 | €202,272 | -€88,261 | -30.4% |
| Other operating charges | 640/8 | €12,909 | €15,208 | +€2,299 | +17.8% |
| Gross operating margin | 9900 | €366,957 | €383,310 | +€16,353 | +4.5% |
| Operating profit (loss) | 9901 | €63,515 | €165,830 | +€102,315 | +161.1% |
| Financial income | 75/76B | €32 | €8 | -€24 | -75.0% |
| Recurring financial income | 75 | €32 | €8 | -€24 | -75.0% |
| Financial charges | 65/66B | €45,907 | €39,298 | -€6,609 | -14.4% |
| Recurring financial charges | 65 | €45,907 | €39,298 | -€6,609 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €17,640 | €126,540 | +€108,900 | +617.3% |
| Income taxes | 67/77 | €3,060 | €33,770 | +€30,710 | +1003.6% |
| Profit (loss) for the period | 9904 | €14,580 | €92,770 | +€78,190 | +536.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,580 | €92,770 | +€78,190 | +536.3% |
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.