BEFISCOM: 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.
BEFISCOM
Largest movements
- Current investments +€30,114
up €30,114 (+62.8%), from €47,954 to €78,068
- Cash -€19,223
down €19,223 (-60.0%), from €32,038 to €12,815
mainly Current investments (-€30,114) and Trade debts (-€5,911)
- Receivables within one year -€9,044
down €9,044 (-17.8%), from €50,685 to €41,641
- Tangible fixed assets -€1,680
down €1,680 (-48.1%), from €3,492 to €1,812
- Reserves +€10,047
up €10,047 (+10.3%), from €97,595 to €107,642
of which Distributable reserves: +€10,047
- Trade debts -€5,911
down €5,911 (-37.1%), from €15,912 to €10,001
- Tax, wage and social debts -€4,973
down €4,973 (-29.7%), from €16,753 to €11,780
of which Taxes: -€3,093
- Gross operating margin -€20,724
down €20,724 (-49.6%), from €41,797 to €21,073
- Taxes -€5,201
down €5,201 (-40.2%), from €12,939 to €7,738
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 | €136,466 | €136,340 | -€126 | -0.1% |
| Fixed assets | 21/28 | €3,492 | €1,812 | -€1,680 | -48.1% |
| Tangible fixed assets | 22/27 | €3,492 | €1,812 | -€1,680 | -48.1% |
| Furniture and vehicles | 24 | €3,492 | €1,812 | -€1,680 | -48.1% |
| Current assets | 29/58 | €132,974 | €134,528 | +€1,554 | +1.2% |
| Amounts receivable within one year | 40/41 | €50,685 | €41,641 | -€9,044 | -17.8% |
| Trade receivables | 40 | €50,685 | €41,641 | -€9,044 | -17.8% |
| Current investments | 50/53 | €47,954 | €78,068 | +€30,114 | +62.8% |
| Cash at bank and in hand | 54/58 | €32,038 | €12,815 | -€19,223 | -60.0% |
| Deferred charges and accrued income | 490/1 | €2,296 | €2,003 | -€293 | -12.8% |
| Total equity and liabilities | 10/49 | €136,466 | €136,340 | -€126 | -0.1% |
| Equity | 10/15 | €103,800 | €113,847 | +€10,047 | +9.7% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €97,595 | €107,642 | +€10,047 | +10.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €95,735 | €105,782 | +€10,047 | +10.5% |
| Amounts payable | 17/49 | €32,665 | €22,493 | -€10,172 | -31.1% |
| Amounts payable within one year | 42/48 | €32,665 | €22,493 | -€10,172 | -31.1% |
| Trade debts | 44 | €15,912 | €10,001 | -€5,911 | -37.1% |
| Suppliers | 440/4 | €15,912 | €10,001 | -€5,911 | -37.1% |
| Taxes, remuneration and social security | 45 | €16,753 | €11,780 | -€4,973 | -29.7% |
| Taxes | 450/3 | €11,573 | €8,480 | -€3,093 | -26.7% |
| Remuneration and social security | 454/9 | €5,180 | €3,300 | -€1,880 | -36.3% |
| Other amounts payable | 47/48 | - | €712 | +€712 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,837 | €1,680 | -€158 | -8.6% |
| Other operating charges | 640/8 | €1,189 | €1,502 | +€313 | +26.3% |
| Gross operating margin | 9900 | €41,797 | €21,073 | -€20,724 | -49.6% |
| Operating profit (loss) | 9901 | €38,771 | €17,892 | -€20,879 | -53.9% |
| Financial income | 75/76B | €420 | €164 | -€255 | -60.9% |
| Recurring financial income | 75 | €420 | €164 | -€255 | -60.9% |
| Financial charges | 65/66B | €349 | €271 | -€77 | -22.2% |
| Recurring financial charges | 65 | €349 | €271 | -€77 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €38,842 | €17,785 | -€21,057 | -54.2% |
| Income taxes | 67/77 | €12,939 | €7,738 | -€5,201 | -40.2% |
| Profit (loss) for the period | 9904 | €25,902 | €10,047 | -€15,856 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,902 | €10,047 | -€15,856 | -61.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.