BEFLAG: 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.
BEFLAG
Largest movements
- Tangible fixed assets +€9,306
up €9,306 (+155.3%), from €5,992 to €15,298
- Cash -€8,516
down €8,516 (-55.9%), from €15,244 to €6,728
mainly Investment in fixed assets (net) (-€18,956) and Contributions, distributions and other (-€6,430)
- Current investments +€5,000
up €5,000 (+9.1%), from €55,000 to €60,000
- Receivables within one year -€3,515
down €3,515 (-48.3%), from €7,283 to €3,768
- Other debts +€6,462
new in 2025: €6,462
- Tax, wage and social debts -€5,787
down €5,787 (-54.0%), from €10,707 to €4,920
- Trade debts +€1,527
up €1,527 (+292.8%), from €521 to €2,049
- Gross operating margin -€10,167
down €10,167 (-36.6%), from €27,753 to €17,586
- Depreciation +€5,264
up €5,264 (+120.0%), from €4,386 to €9,650
- Taxes -€3,129
down €3,129 (-52.5%), from €5,966 to €2,837
- Financial income +€1,069
up €1,069 (+139.8%), from €765 to €1,834
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 | €85,322 | €87,525 | +€2,202 | +2.6% |
| Fixed assets | 21/28 | €5,992 | €15,298 | +€9,306 | +155.3% |
| Tangible fixed assets | 22/27 | €5,992 | €15,298 | +€9,306 | +155.3% |
| Furniture and vehicles | 24 | €5,992 | €15,298 | +€9,306 | +155.3% |
| Current assets | 29/58 | €79,330 | €72,227 | -€7,104 | -9.0% |
| Amounts receivable within one year | 40/41 | €7,283 | €3,768 | -€3,515 | -48.3% |
| Trade receivables | 40 | €7,283 | €3,768 | -€3,515 | -48.3% |
| Current investments | 50/53 | €55,000 | €60,000 | +€5,000 | +9.1% |
| Cash at bank and in hand | 54/58 | €15,244 | €6,728 | -€8,516 | -55.9% |
| Deferred charges and accrued income | 490/1 | €1,804 | €1,731 | -€73 | -4.0% |
| Total equity and liabilities | 10/49 | €85,322 | €87,525 | +€2,202 | +2.6% |
| Equity | 10/15 | €74,094 | €74,094 | = | 0.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €55,865 | €55,865 | = | 0.0% |
| Distributable reserves | 133 | €55,865 | €55,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,729 | €17,729 | = | 0.0% |
| Amounts payable | 17/49 | €11,228 | €13,430 | +€2,202 | +19.6% |
| Amounts payable within one year | 42/48 | €11,228 | €13,430 | +€2,202 | +19.6% |
| Trade debts | 44 | €521 | €2,049 | +€1,527 | +292.8% |
| Suppliers | 440/4 | €521 | €2,049 | +€1,527 | +292.8% |
| Taxes, remuneration and social security | 45 | €10,707 | €4,920 | -€5,787 | -54.0% |
| Taxes | 450/3 | €10,707 | €4,920 | -€5,787 | -54.0% |
| Other amounts payable | 47/48 | - | €6,462 | +€6,462 | |
| Non-recurring operating income | 76A | - | €10,413 | +€10,413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,386 | €9,650 | +€5,264 | +120.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €55 | +€55 | |
| Gross operating margin | 9900 | €27,753 | €17,586 | -€10,167 | -36.6% |
| Operating profit (loss) | 9901 | €22,979 | €7,482 | -€15,497 | -67.4% |
| Financial income | 75/76B | €765 | €1,834 | +€1,069 | +139.8% |
| Recurring financial income | 75 | €765 | €1,834 | +€1,069 | +139.8% |
| Financial charges | 65/66B | €50 | €50 | -€0 | 0.0% |
| Recurring financial charges | 65 | €50 | €50 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €23,695 | €9,267 | -€14,428 | -60.9% |
| Income taxes | 67/77 | €5,966 | €2,837 | -€3,129 | -52.5% |
| Profit (loss) for the period | 9904 | €17,729 | €6,430 | -€11,299 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,729 | €6,430 | -€11,299 | -63.7% |
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 7 October 2026 via checked.be.