BEFINO: 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.
BEFINO
Largest movements
- Cash +€69,501
up €69,501 (+35.0%), from €198,315 to €267,816
mainly Net result for the year (+€73,496) and Depreciation (+€12,092)
- Tangible fixed assets -€10,482
down €10,482 (-35.3%), from €29,721 to €19,239
- Receivables within one year -€4,794
down €4,794 (-19.6%), from €24,398 to €19,604
of which Other amounts receivable: -€5,807
- Reserves +€73,496
up €73,496 (+35.6%), from €206,443 to €279,939
- Tax, wage and social debts -€24,770
down €24,770 (-56.8%), from €43,618 to €18,848
- Other debts +€5,873
up €5,873 (+167%), from €3,510 to €9,382
- Gross operating margin +€6,762
up €6,762 (+6.3%), from €107,374 to €114,136
- Financial income -€1,601
down €1,601 (-66.5%), from €2,407 to €807
- Taxes +€1,580
up €1,580 (+5.9%), from €26,925 to €28,505
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 | €254,916 | €309,248 | +€54,332 | +21.3% |
| Fixed assets | 21/28 | €29,721 | €19,239 | -€10,482 | -35.3% |
| Tangible fixed assets | 22/27 | €29,721 | €19,239 | -€10,482 | -35.3% |
| Furniture and vehicles | 24 | €29,721 | €19,239 | -€10,482 | -35.3% |
| Current assets | 29/58 | €225,195 | €290,009 | +€64,814 | +28.8% |
| Amounts receivable within one year | 40/41 | €24,398 | €19,604 | -€4,794 | -19.6% |
| Trade receivables | 40 | €18,591 | €19,604 | +€1,013 | +5.4% |
| Other amounts receivable | 41 | €5,807 | - | -€5,807 | |
| Cash at bank and in hand | 54/58 | €198,315 | €267,816 | +€69,501 | +35.0% |
| Deferred charges and accrued income | 490/1 | €2,482 | €2,589 | +€107 | +4.3% |
| Total equity and liabilities | 10/49 | €254,916 | €309,248 | +€54,332 | +21.3% |
| Equity | 10/15 | €206,443 | €279,939 | +€73,496 | +35.6% |
| Reserves | 13 | €206,443 | €279,939 | +€73,496 | +35.6% |
| Distributable reserves | 133 | €206,443 | €279,939 | +€73,496 | +35.6% |
| Amounts payable | 17/49 | €48,473 | €29,308 | -€19,165 | -39.5% |
| Amounts payable within one year | 42/48 | €48,473 | €29,308 | -€19,165 | -39.5% |
| Trade debts | 44 | €1,345 | €1,078 | -€267 | -19.9% |
| Suppliers | 440/4 | €1,345 | €1,078 | -€267 | -19.9% |
| Taxes, remuneration and social security | 45 | €43,618 | €18,848 | -€24,770 | -56.8% |
| Taxes | 450/3 | €43,618 | €18,848 | -€24,770 | -56.8% |
| Other amounts payable | 47/48 | €3,510 | €9,382 | +€5,873 | +167% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,028 | €12,092 | +€65 | +0.5% |
| Other operating charges | 640/8 | €681 | €790 | +€109 | +16.0% |
| Gross operating margin | 9900 | €107,374 | €114,136 | +€6,762 | +6.3% |
| Operating profit (loss) | 9901 | €94,665 | €101,254 | +€6,588 | +7.0% |
| Financial income | 75/76B | €2,407 | €807 | -€1,601 | -66.5% |
| Recurring financial income | 75 | €2,407 | €807 | -€1,601 | -66.5% |
| Financial charges | 65/66B | €51 | €59 | +€8 | +14.7% |
| Recurring financial charges | 65 | €51 | €59 | +€8 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €97,022 | €102,002 | +€4,980 | +5.1% |
| Income taxes | 67/77 | €26,925 | €28,505 | +€1,580 | +5.9% |
| Profit (loss) for the period | 9904 | €70,097 | €73,496 | +€3,400 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,097 | €73,496 | +€3,400 | +4.9% |
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 28 October 2026 via checked.be.