BEFACX: 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.
BEFACX
Largest movements
- Tangible fixed assets -€15,939
down €15,939 (-4.8%), from €330,597 to €314,658
of which Land and buildings: -€12,664
- Cash +€14,434
new in 2025: €14,434
mainly Net result for the year (+€40,359) and Depreciation (+€15,756)
- Receivables within one year +€13,543
up €13,543 (+25.5%), from €53,042 to €66,585
of which Trade receivables: +€20,193
- Short-term financial debts -€15,007
no longer reported in 2025 (was €15,007)
- Other debts +€10,294
new in 2025: €10,294
- Profit (loss) carried forward +€6,868
up €6,868 (+20.5%), from €33,491 to €40,359
- Debts after one year +€6,164
up €6,164 (+2.0%), from €301,098 to €307,262
- Gross operating margin +€29,279
up €29,279 (+99.0%), from €29,588 to €58,867
- Financial income +€25,758
new in 2025: €25,758
of which Financial income: +€25,758
- Taxes +€9,273
up €9,273 (+304%), from €3,054 to €12,327
- Financial charges +€6,854
up €6,854 (+168%), from €4,077 to €10,931
- Other operating charges +€1,033
up €1,033 (+54.9%), from €1,883 to €2,916
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 | €397,676 | €408,859 | +€11,184 | +2.8% |
| Fixed assets | 21/28 | €338,597 | €322,658 | -€15,939 | -4.7% |
| Tangible fixed assets | 22/27 | €330,597 | €314,658 | -€15,939 | -4.8% |
| Land and buildings | 22 | €324,200 | €311,536 | -€12,664 | -3.9% |
| Plant, machinery and equipment | 23 | €158 | €25 | -€134 | -84.3% |
| Furniture and vehicles | 24 | €6,238 | €3,097 | -€3,141 | -50.4% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €59,079 | €86,201 | +€27,123 | +45.9% |
| Amounts receivable within one year | 40/41 | €53,042 | €66,585 | +€13,543 | +25.5% |
| Trade receivables | 40 | €16,852 | €37,045 | +€20,193 | +120% |
| Other amounts receivable | 41 | €36,191 | €29,540 | -€6,651 | -18.4% |
| Cash at bank and in hand | 54/58 | - | €14,434 | +€14,434 | |
| Deferred charges and accrued income | 490/1 | €6,036 | €5,182 | -€854 | -14.1% |
| Total equity and liabilities | 10/49 | €397,676 | €408,859 | +€11,184 | +2.8% |
| Equity | 10/15 | €53,491 | €60,359 | +€6,868 | +12.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,491 | €40,359 | +€6,868 | +20.5% |
| Amounts payable | 17/49 | €344,185 | €348,500 | +€4,315 | +1.3% |
| Amounts payable after more than one year | 17 | €301,098 | €307,262 | +€6,164 | +2.0% |
| Financial debts | 170/4 | €301,098 | €307,262 | +€6,164 | +2.0% |
| Amounts payable within one year | 42/48 | €43,087 | €41,017 | -€2,070 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €13,594 | €13,836 | +€242 | +1.8% |
| Financial debts | 43 | €15,007 | - | -€15,007 | |
| Credit institutions | 430/8 | €15,007 | - | -€15,007 | |
| Trade debts | 44 | €4,820 | €5,155 | +€335 | +7.0% |
| Suppliers | 440/4 | €4,820 | €5,155 | +€335 | +7.0% |
| Taxes, remuneration and social security | 45 | €9,666 | €11,732 | +€2,067 | +21.4% |
| Taxes | 450/3 | €9,666 | €11,732 | +€2,067 | +21.4% |
| Other amounts payable | 47/48 | - | €10,294 | +€10,294 | |
| Accrued charges and deferred income | 492/3 | - | €221 | +€221 | |
| Remuneration, social security and pensions | 62 | €2,006 | €2,336 | +€331 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,861 | €15,756 | -€105 | -0.7% |
| Other operating charges | 640/8 | €1,883 | €2,916 | +€1,033 | +54.9% |
| Gross operating margin | 9900 | €29,588 | €58,867 | +€29,279 | +99.0% |
| Operating profit (loss) | 9901 | €9,838 | €37,860 | +€28,021 | +285% |
| Financial income | 75/76B | - | €25,758 | +€25,758 | |
| Recurring financial income | 75 | - | €25,758 | +€25,758 | |
| Non-recurring financial income | 76B | - | €25,758 | +€25,758 | |
| Financial charges | 65/66B | €4,077 | €10,931 | +€6,854 | +168% |
| Recurring financial charges | 65 | €4,077 | €10,931 | +€6,854 | +168% |
| Profit (loss) for the period before taxes | 9903 | €5,761 | €52,686 | +€46,925 | +815% |
| Income taxes | 67/77 | €3,054 | €12,327 | +€9,273 | +304% |
| Profit (loss) for the period | 9904 | €2,707 | €40,359 | +€37,652 | +1,391% |
| Profit (loss) for the period to be appropriated | 9905 | €2,707 | €40,359 | +€37,652 | +1,391% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.