Befias: 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
Befias
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€12,926
2024 · -€55,515+€68,441
Equity
-€40,729
2024 · -€53,655+€12,926
Cash
€20,161
2024 · €11,595+€8,565
Balance sheet total
€1.3m
2024 · €1.3m-€40,403
Largest movements
Assets
- Tangible fixed assets -€40,030
down €40,030 (-3.1%), from €1.3m to €1.3m
Equity and liabilities
- Debts after one year -€48,551
down €48,551 (-4.3%), from €1.1m to €1.1m
Income statement
- Gross operating margin +€41,538
up €41,538 (+65.8%), from €63,149 to €104,688
- Depreciation -€24,321
down €24,321 (-37.8%), from €64,351 to €40,030
- Other operating charges -€1,887
down €1,887 (-93.6%), from €2,015 to €128
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
-€55,515
Gross operating margin
+€41,538
Depreciation
+€24,321
Other operating charges
+€1,887
Financial income
-€8
Financial charges
+€702
Result 2025
€12,926
raises the resultlowers the result
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.
From operations
+€54,977
Investment
+€105
Financing
-€46,517
Cash 2024
€11,595
From operations (derived)
+€54,977
Net result for the year
+€12,926
Depreciation
+€40,030
Receivables within one year
+€7,933
Deferred charges and accrued income
+€901
Trade debts
-€117
Tax, wage and social debts
-€6,679
Other debts
-€8,000
Accrued charges and deferred income
+€7,983
Investment (derived)
+€105
Investment in fixed assets (net)
+€105
Financing
-€46,517
Debts after one year
-€48,551
Current portion of long-term debt
+€2,035
Cash 2025
€20,161
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,340,048 | €1,299,645 | -€40,403 | -3.0% |
| Fixed assets | 21/28 | €1,292,703 | €1,252,568 | -€40,135 | -3.1% |
| Tangible fixed assets | 22/27 | €1,292,598 | €1,252,568 | -€40,030 | -3.1% |
| Land and buildings | 22 | €1,292,598 | €1,252,568 | -€40,030 | -3.1% |
| Financial fixed assets | 28 | €105 | €0 | -€105 | -100% |
| Current assets | 29/58 | €47,346 | €47,077 | -€268 | -0.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €31,575 | €23,642 | -€7,933 | -25.1% |
| Trade receivables | 40 | €31,575 | €23,642 | -€7,933 | -25.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,595 | €20,161 | +€8,565 | +73.9% |
| Deferred charges and accrued income | 490/1 | €4,176 | €3,274 | -€901 | -21.6% |
| Total equity and liabilities | 10/49 | €1,340,048 | €1,299,645 | -€40,403 | -3.0% |
| Equity | 10/15 | -€53,655 | -€40,729 | +€12,926 | +24.1% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€55,515 | -€42,589 | +€12,926 | +23.3% |
| Amounts payable | 17/49 | €1,393,704 | €1,340,375 | -€53,329 | -3.8% |
| Amounts payable after more than one year | 17 | €1,123,561 | €1,075,009 | -€48,551 | -4.3% |
| Financial debts | 170/4 | €1,123,561 | €1,075,009 | -€48,551 | -4.3% |
| Amounts payable within one year | 42/48 | €270,143 | €257,383 | -€12,760 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €46,517 | €48,551 | +€2,035 | +4.4% |
| Trade debts | 44 | €315 | €198 | -€117 | -37.0% |
| Suppliers | 440/4 | €315 | €198 | -€117 | -37.0% |
| Taxes, remuneration and social security | 45 | €12,841 | €6,163 | -€6,679 | -52.0% |
| Taxes | 450/3 | €12,841 | €6,163 | -€6,679 | -52.0% |
| Other amounts payable | 47/48 | €210,471 | €202,471 | -€8,000 | -3.8% |
| Accrued charges and deferred income | 492/3 | - | €7,983 | +€7,983 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,351 | €40,030 | -€24,321 | -37.8% |
| Other operating charges | 640/8 | €2,015 | €128 | -€1,887 | -93.6% |
| Gross operating margin | 9900 | €63,149 | €104,688 | +€41,538 | +65.8% |
| Operating profit (loss) | 9901 | -€3,217 | €64,530 | +€67,747 | |
| Financial income | 75/76B | €8 | €0 | -€8 | -100% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100% |
| Financial charges | 65/66B | €52,306 | €51,604 | -€702 | -1.3% |
| Recurring financial charges | 65 | €52,306 | €51,604 | -€702 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€55,515 | €12,926 | +€68,441 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€55,515 | €12,926 | +€68,441 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,515 | €12,926 | +€68,441 |
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 24 October 2026 via checked.be.