BEFCAM: 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.
BEFCAM
Largest movements
- Receivables within one year +€86,228
up €86,228 (+43.8%), from €196,671 to €282,899
of which Other amounts receivable: +€151,458
- Cash +€6,593
up €6,593 (+1074.1%), from €614 to €7,207
mainly Short-term financial debts (+€49,800) and Net result for the year (+€27,652)
- Tangible fixed assets -€3,973
down €3,973 (-21.4%), from €18,547 to €14,574
of which Furniture and vehicles: -€4,949
- Short-term financial debts +€49,800
new in 2025: €49,800
- Profit (loss) carried forward +€27,652
up €27,652 (+16.2%), from €170,486 to €198,138
- Trade debts +€20,386
new in 2025: €20,386
- Tax, wage and social debts -€8,718
down €8,718 (-21.3%), from €40,846 to €32,128
- Gross operating margin -€56,708
down €56,708 (-51.8%), from €109,415 to €52,707
- Taxes -€16,022
down €16,022 (-62.3%), from €25,704 to €9,682
- Other operating charges -€12,127
down €12,127 (-69.3%), from €17,489 to €5,362
- Financial charges -€2,095
down €2,095 (-37.9%), from €5,533 to €3,438
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 | €215,832 | €304,680 | +€88,848 | +41.2% |
| Fixed assets | 21/28 | €18,547 | €14,574 | -€3,973 | -21.4% |
| Tangible fixed assets | 22/27 | €18,547 | €14,574 | -€3,973 | -21.4% |
| Plant, machinery and equipment | 23 | €5,130 | €6,106 | +€976 | +19.0% |
| Furniture and vehicles | 24 | €13,417 | €8,468 | -€4,949 | -36.9% |
| Current assets | 29/58 | €197,285 | €290,106 | +€92,821 | +47.0% |
| Amounts receivable within one year | 40/41 | €196,671 | €282,899 | +€86,228 | +43.8% |
| Trade receivables | 40 | €127,966 | €62,736 | -€65,230 | -51.0% |
| Other amounts receivable | 41 | €68,705 | €220,163 | +€151,458 | +220.4% |
| Cash at bank and in hand | 54/58 | €614 | €7,207 | +€6,593 | +1074.1% |
| Total equity and liabilities | 10/49 | €215,832 | €304,680 | +€88,848 | +41.2% |
| Equity | 10/15 | €171,986 | €199,638 | +€27,652 | +16.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,486 | €198,138 | +€27,652 | +16.2% |
| Amounts payable | 17/49 | €43,846 | €105,042 | +€61,196 | +139.6% |
| Amounts payable within one year | 42/48 | €40,846 | €105,042 | +€64,196 | +157.2% |
| Financial debts | 43 | - | €49,800 | +€49,800 | |
| Credit institutions | 430/8 | - | €49,800 | +€49,800 | |
| Trade debts | 44 | - | €20,386 | +€20,386 | |
| Suppliers | 440/4 | - | €20,386 | +€20,386 | |
| Taxes, remuneration and social security | 45 | €40,846 | €32,128 | -€8,718 | -21.3% |
| Taxes | 450/3 | €40,846 | €32,128 | -€8,718 | -21.3% |
| Other amounts payable | 47/48 | - | €2,728 | +€2,728 | |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | €195 | - | -€195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,191 | €6,573 | +€382 | +6.2% |
| Other operating charges | 640/8 | €17,489 | €5,362 | -€12,127 | -69.3% |
| Gross operating margin | 9900 | €109,415 | €52,707 | -€56,708 | -51.8% |
| Operating profit (loss) | 9901 | €85,539 | €40,772 | -€44,767 | -52.3% |
| Financial income | 75/76B | €169 | - | -€169 | |
| Recurring financial income | 75 | €169 | - | -€169 | |
| Financial charges | 65/66B | €5,533 | €3,438 | -€2,095 | -37.9% |
| Recurring financial charges | 65 | €5,533 | €3,438 | -€2,095 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €80,174 | €37,334 | -€42,840 | -53.4% |
| Income taxes | 67/77 | €25,704 | €9,682 | -€16,022 | -62.3% |
| Profit (loss) for the period | 9904 | €54,471 | €27,652 | -€26,819 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,471 | €27,652 | -€26,819 | -49.2% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.