BEEPA: what changed
Two fiscal 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.
BEEPA
Largest movements
- Tangible fixed assets +€118,844
up €118,844 (+243.1%), from €48,882 to €167,726
of which Leasing and similar rights: +€110,103
- Receivables within one year +€2,782
up €2,782 (+43.2%), from €6,443 to €9,225
of which Other amounts receivable: +€4,277
- Deferred charges and accrued income -€2,193
down €2,193 (-65.3%), from €3,361 to €1,167
- Current investments -€2,160
down €2,160 (-10.0%), from €21,633 to €19,473
- Debts after one year +€85,571
up €85,571 (+303.8%), from €28,166 to €113,737
- Current portion of long-term debt +€23,736
up €23,736 (+276.2%), from €8,592 to €32,328
- Reserves +€14,480
up €14,480 (+74.3%), from €19,489 to €33,968
- Trade debts -€5,396
down €5,396 (-50.9%), from €10,606 to €5,210
- Gross operating margin +€24,447
up €24,447 (+78.5%), from €31,150 to €55,596
- Depreciation +€11,746
up €11,746 (+113.5%), from €10,347 to €22,093
- Other operating charges +€5,194
up €5,194 (+132.8%), from €3,912 to €9,106
- Taxes +€1,528
up €1,528 (+38.6%), from €3,959 to €5,487
- Financial charges +€560
up €560 (+14.4%), from €3,882 to €4,442
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 | €82,151 | €198,584 | +€116,433 | +141.7% |
| Fixed assets | 21/28 | €48,882 | €167,726 | +€118,844 | +243.1% |
| Tangible fixed assets | 22/27 | €48,882 | €167,726 | +€118,844 | +243.1% |
| Land and buildings | 22 | €9,390 | €8,756 | -€634 | -6.8% |
| Plant, machinery and equipment | 23 | €2,954 | €2,262 | -€692 | -23.4% |
| Furniture and vehicles | 24 | - | €10,067 | +€10,067 | |
| Leasing and similar rights | 25 | €36,537 | €146,640 | +€110,103 | +301.3% |
| Current assets | 29/58 | €33,270 | €30,859 | -€2,411 | -7.2% |
| Amounts receivable within one year | 40/41 | €6,443 | €9,225 | +€2,782 | +43.2% |
| Trade receivables | 40 | €6,443 | €4,948 | -€1,495 | -23.2% |
| Other amounts receivable | 41 | €0 | €4,277 | +€4,277 | |
| Current investments | 50/53 | €21,633 | €19,473 | -€2,160 | -10.0% |
| Cash at bank and in hand | 54/58 | €1,833 | €993 | -€840 | -45.8% |
| Deferred charges and accrued income | 490/1 | €3,361 | €1,167 | -€2,193 | -65.3% |
| Total equity and liabilities | 10/49 | €82,151 | €198,584 | +€116,433 | +141.7% |
| Equity | 10/15 | €22,489 | €36,968 | +€14,480 | +64.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €19,489 | €33,968 | +€14,480 | +74.3% |
| Distributable reserves | 133 | €19,489 | €33,968 | +€14,480 | +74.3% |
| Amounts payable | 17/49 | €59,663 | €161,616 | +€101,954 | +170.9% |
| Amounts payable after more than one year | 17 | €28,166 | €113,737 | +€85,571 | +303.8% |
| Financial debts | 170/4 | €28,166 | €113,737 | +€85,571 | +303.8% |
| Amounts payable within one year | 42/48 | €31,435 | €47,879 | +€16,444 | +52.3% |
| Current portion of amounts payable after more than one year | 42 | €8,592 | €32,328 | +€23,736 | +276.2% |
| Trade debts | 44 | €10,606 | €5,210 | -€5,396 | -50.9% |
| Suppliers | 440/4 | €10,606 | €5,210 | -€5,396 | -50.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,675 | €3,959 | -€1,716 | -30.2% |
| Taxes | 450/3 | €5,675 | €3,959 | -€1,716 | -30.2% |
| Other amounts payable | 47/48 | €6,561 | €6,382 | -€180 | -2.7% |
| Accrued charges and deferred income | 492/3 | €62 | €0 | -€62 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,347 | €22,093 | +€11,746 | +113.5% |
| Other operating charges | 640/8 | €3,912 | €9,106 | +€5,194 | +132.8% |
| Gross operating margin | 9900 | €31,150 | €55,596 | +€24,447 | +78.5% |
| Operating profit (loss) | 9901 | €16,891 | €24,398 | +€7,507 | +44.4% |
| Financial income | 75/76B | €1 | €10 | +€10 | +1395.7% |
| Recurring financial income | 75 | €1 | €10 | +€10 | +1395.7% |
| Financial charges | 65/66B | €3,882 | €4,442 | +€560 | +14.4% |
| Recurring financial charges | 65 | €3,882 | €4,442 | +€560 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €13,010 | €19,967 | +€6,957 | +53.5% |
| Income taxes | 67/77 | €3,959 | €5,487 | +€1,528 | +38.6% |
| Profit (loss) for the period | 9904 | €9,051 | €14,480 | +€5,429 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,051 | €14,480 | +€5,429 | +60.0% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.