BEFAS: 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.
BEFAS
Largest movements
- Current investments -€750,000
down €750,000 (-100.0%), from €750,000 to €0
- Cash +€703,089
up €703,089 (+2037.9%), from €34,500 to €737,589
mainly Current investments (+€750,000) and Net result for the year (+€198,234)
- Receivables within one year -€25,350
down €25,350 (-26.6%), from €95,161 to €69,811
of which Trade receivables: -€23,951
- Other debts -€100,065
down €100,065 (-37.5%), from €266,920 to €166,856
- Reserves +€26,316
up €26,316 (+3.0%), from €877,903 to €904,220
- Gross operating margin -€45,327
down €45,327 (-13.6%), from €333,738 to €288,411
- Taxes -€11,898
down €11,898 (-11.6%), from €102,672 to €90,774
- Financial income +€11,118
up €11,118 (+161.5%), from €6,885 to €18,004
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 | €1,257,672 | €1,185,012 | -€72,660 | -5.8% |
| Fixed assets | 21/28 | €370,985 | €371,040 | +€55 | 0.0% |
| Tangible fixed assets | 22/27 | €183,262 | €183,317 | +€55 | 0.0% |
| Land and buildings | 22 | €174,099 | €165,644 | -€8,455 | -4.9% |
| Furniture and vehicles | 24 | €9,163 | €17,673 | +€8,510 | +92.9% |
| Financial fixed assets | 28 | €187,723 | €187,723 | = | 0.0% |
| Current assets | 29/58 | €886,687 | €813,972 | -€72,715 | -8.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €95,161 | €69,811 | -€25,350 | -26.6% |
| Trade receivables | 40 | €93,762 | €69,811 | -€23,951 | -25.5% |
| Other amounts receivable | 41 | €1,399 | €0 | -€1,399 | -100.0% |
| Current investments | 50/53 | €750,000 | €0 | -€750,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €34,500 | €737,589 | +€703,089 | +2037.9% |
| Deferred charges and accrued income | 490/1 | €7,026 | €6,572 | -€454 | -6.5% |
| Total equity and liabilities | 10/49 | €1,257,672 | €1,185,012 | -€72,660 | -5.8% |
| Equity | 10/15 | €932,753 | €959,070 | +€26,316 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €877,903 | €904,220 | +€26,316 | +3.0% |
| Distributable reserves | 133 | €877,903 | €904,220 | +€26,316 | +3.0% |
| Profit (loss) carried forward | 14 | €36,250 | €36,250 | = | 0.0% |
| Amounts payable | 17/49 | €324,919 | €225,943 | -€98,976 | -30.5% |
| Amounts payable within one year | 42/48 | €323,343 | €224,455 | -€98,888 | -30.6% |
| Trade debts | 44 | €3,605 | €4,182 | +€576 | +16.0% |
| Suppliers | 440/4 | €3,605 | €4,182 | +€576 | +16.0% |
| Taxes, remuneration and social security | 45 | €52,817 | €53,418 | +€601 | +1.1% |
| Taxes | 450/3 | €52,817 | €53,418 | +€601 | +1.1% |
| Other amounts payable | 47/48 | €266,920 | €166,856 | -€100,065 | -37.5% |
| Accrued charges and deferred income | 492/3 | €1,576 | €1,488 | -€88 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,584 | €14,003 | +€2,419 | +20.9% |
| Other operating charges | 640/8 | €3,334 | €3,072 | -€262 | -7.9% |
| Gross operating margin | 9900 | €333,738 | €288,411 | -€45,327 | -13.6% |
| Operating profit (loss) | 9901 | €318,820 | €271,336 | -€47,484 | -14.9% |
| Financial income | 75/76B | €6,885 | €18,004 | +€11,118 | +161.5% |
| Recurring financial income | 75 | €6,885 | €18,004 | +€11,118 | +161.5% |
| Financial charges | 65/66B | €325 | €331 | +€6 | +1.8% |
| Recurring financial charges | 65 | €325 | €331 | +€6 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €325,380 | €289,008 | -€36,372 | -11.2% |
| Income taxes | 67/77 | €102,672 | €90,774 | -€11,898 | -11.6% |
| Profit (loss) for the period | 9904 | €222,708 | €198,234 | -€24,474 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €222,708 | €198,234 | -€24,474 | -11.0% |
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 29 September 2026 via checked.be.