BEFICO: 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.
BEFICO
Largest movements
- Tangible fixed assets -€46,089
down €46,089 (-13.1%), from €351,098 to €305,009
of which Land and buildings: -€46,089
- Cash -€18,483
down €18,483 (-93.1%), from €19,858 to €1,375
mainly Net result for the year (-€94,507) and Tax, wage and social debts (-€2,090)
- Receivables within one year -€10,417
down €10,417 (-56.5%), from €18,442 to €8,026
- Profit (loss) carried forward -€94,507
down €94,507 (-71.7%), from €131,849 to €37,342
- Debts after one year +€20,000
up €20,000 (+100.0%), from €20,000 to €40,000
- Gross operating margin -€107,533
down €107,533, from €85,430 to -€22,103
- Financial charges -€5,551
down €5,551 (-87.3%), from €6,356 to €804
- Taxes -€2,090
no longer reported in 2025 (was €2,090)
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 | €401,841 | €326,399 | -€75,443 | -18.8% |
| Fixed assets | 21/28 | €359,798 | €313,709 | -€46,089 | -12.8% |
| Tangible fixed assets | 22/27 | €351,098 | €305,009 | -€46,089 | -13.1% |
| Land and buildings | 22 | €351,098 | €305,009 | -€46,089 | -13.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Financial fixed assets | 28 | €8,700 | €8,700 | = | 0.0% |
| Current assets | 29/58 | €42,043 | €12,689 | -€29,354 | -69.8% |
| Amounts receivable within one year | 40/41 | €18,442 | €8,026 | -€10,417 | -56.5% |
| Other amounts receivable | 41 | €18,442 | €8,026 | -€10,417 | -56.5% |
| Cash at bank and in hand | 54/58 | €19,858 | €1,375 | -€18,483 | -93.1% |
| Deferred charges and accrued income | 490/1 | €3,743 | €3,289 | -€454 | -12.1% |
| Total equity and liabilities | 10/49 | €401,841 | €326,399 | -€75,443 | -18.8% |
| Equity | 10/15 | €379,751 | €285,244 | -€94,507 | -24.9% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Capital | 10 | €210,000 | €210,000 | = | 0.0% |
| Issued capital | 100 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €37,902 | €37,902 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,902 | €37,902 | = | 0.0% |
| Legal reserve | 130 | €36,525 | - | -€36,525 | |
| Reserves not available under the articles | 1311 | €1,378 | €37,902 | +€36,525 | +2651.2% |
| Profit (loss) carried forward | 14 | €131,849 | €37,342 | -€94,507 | -71.7% |
| Amounts payable | 17/49 | €22,090 | €41,155 | +€19,065 | +86.3% |
| Amounts payable after more than one year | 17 | €20,000 | €40,000 | +€20,000 | +100.0% |
| Financial debts | 170/4 | €20,000 | €40,000 | +€20,000 | +100.0% |
| Amounts payable within one year | 42/48 | €2,090 | €1,155 | -€935 | -44.7% |
| Trade debts | 44 | - | €1,155 | +€1,155 | |
| Suppliers | 440/4 | - | €1,155 | +€1,155 | |
| Taxes, remuneration and social security | 45 | €2,090 | - | -€2,090 | |
| Taxes | 450/3 | €2,090 | - | -€2,090 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,089 | €46,089 | = | 0.0% |
| Other operating charges | 640/8 | €25,315 | €25,511 | +€196 | +0.8% |
| Gross operating margin | 9900 | €85,430 | -€22,103 | -€107,533 | |
| Operating profit (loss) | 9901 | €14,026 | -€93,703 | -€107,729 | |
| Financial charges | 65/66B | €6,356 | €804 | -€5,551 | -87.3% |
| Recurring financial charges | 65 | €6,356 | €804 | -€5,551 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | €7,670 | -€94,507 | -€102,178 | |
| Income taxes | 67/77 | €2,090 | - | -€2,090 | |
| Profit (loss) for the period | 9904 | €5,580 | -€94,507 | -€100,088 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,580 | -€94,507 | -€100,088 |
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 4 October 2026 via checked.be.