Befrako: 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
Befrako
NACE 46.648, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€193,946
2024 · €59,857+€134,089
Equity
€1.7m
2024 · €1.5m+€191,946
Cash
€366,432
2024 · €213,336+€153,096
Balance sheet total
€4.0m
2024 · €4.0m+€48,060
Largest movements
Assets
- Stocks and contracts -€171,408
down €171,408 (-8.5%), from €2.0m to €1.8m
- Cash +€153,096
up €153,096 (+71.8%), from €213,336 to €366,432
mainly Trade debts (+€331,343) and Net result for the year (+€193,946)
Equity and liabilities
- Short-term financial debts -€450,030
down €450,030 (-29.2%), from €1.5m to €1.1m
- Trade debts +€331,343
up €331,343 (+53.4%), from €620,208 to €951,550
- Reserves +€193,946
up €193,946 (+456.9%), from €42,447 to €236,392
of which Distributable reserves: +€193,946
- Other debts -€40,787
down €40,787 (-52.9%), from €77,139 to €36,352
Income statement
- Financial income +€201,526
up €201,526 (+214.8%), from €93,800 to €295,326
- Staff costs +€74,396
up €74,396 (+24.4%), from €304,286 to €378,681
- Gross operating margin +€20,825
up €20,825 (+3.8%), from €544,341 to €565,165
- Depreciation +€6,459
up €6,459 (+14.9%), from €43,305 to €49,764
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
€59,857
Gross operating margin
+€20,825
Staff costs
-€74,396
Depreciation
-€6,459
Write-downs
+€691
Other operating charges
-€2,164
Financial income
+€201,526
Financial charges
-€5,095
Taxes
-€840
Result 2025
€193,946
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.
From operations
+€684,636
Investment
-€89,336
Financing
-€442,204
Cash 2024
€213,336
From operations (derived)
+€684,636
Net result for the year
+€193,946
Depreciation
+€49,764
Stocks and contracts
+€171,408
Receivables within one year
-€24,030
Deferred charges and accrued income
-€2,769
Trade debts
+€331,343
Tax, wage and social debts
+€9,763
Other debts
-€40,787
Accrued charges and deferred income
-€4,000
Investment (derived)
-€89,336
Investment in fixed assets (net)
-€89,336
Financing
-€442,204
Debts after one year
+€2,562
Current portion of long-term debt
+€7,264
Short-term financial debts
-€450,030
Contributions, distributions and other
-€2,000
Cash 2025
€366,432
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,973,936 | €4,021,996 | +€48,060 | +1.2% |
| Fixed assets | 21/28 | €529,759 | €569,331 | +€39,572 | +7.5% |
| Intangible fixed assets | 21 | €28,578 | €57,464 | +€28,885 | +101.1% |
| Tangible fixed assets | 22/27 | €150,412 | €161,299 | +€10,887 | +7.2% |
| Land and buildings | 22 | €117,224 | €91,673 | -€25,551 | -21.8% |
| Plant, machinery and equipment | 23 | €14,791 | €17,567 | +€2,775 | +18.8% |
| Furniture and vehicles | 24 | €18,396 | €52,059 | +€33,663 | +183.0% |
| Financial fixed assets | 28 | €350,769 | €350,569 | -€200 | -0.1% |
| Current assets | 29/58 | €3,444,177 | €3,452,665 | +€8,488 | +0.2% |
| Stocks and contracts in progress | 3 | €2,018,961 | €1,847,553 | -€171,408 | -8.5% |
| Stocks | 30/36 | €2,018,961 | €1,847,553 | -€171,408 | -8.5% |
| Amounts receivable within one year | 40/41 | €1,192,265 | €1,216,295 | +€24,030 | +2.0% |
| Trade receivables | 40 | €1,101,649 | €1,148,056 | +€46,407 | +4.2% |
| Other amounts receivable | 41 | €90,616 | €68,240 | -€22,377 | -24.7% |
| Cash at bank and in hand | 54/58 | €213,336 | €366,432 | +€153,096 | +71.8% |
| Deferred charges and accrued income | 490/1 | €19,615 | €22,384 | +€2,769 | +14.1% |
| Total equity and liabilities | 10/49 | €3,973,936 | €4,021,996 | +€48,060 | +1.2% |
| Equity | 10/15 | €1,523,320 | €1,715,266 | +€191,946 | +12.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €42,447 | €236,392 | +€193,946 | +456.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,247 | €36,247 | = | 0.0% |
| Distributable reserves | 133 | - | €193,946 | +€193,946 | |
| Profit (loss) carried forward | 14 | €1,418,874 | €1,416,874 | -€2,000 | -0.1% |
| Amounts payable | 17/49 | €2,450,616 | €2,306,730 | -€143,885 | -5.9% |
| Amounts payable after more than one year | 17 | €91,202 | €93,764 | +€2,562 | +2.8% |
| Financial debts | 170/4 | €91,202 | €93,764 | +€2,562 | +2.8% |
| Amounts payable within one year | 42/48 | €2,343,414 | €2,200,966 | -€142,448 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €23,921 | €31,185 | +€7,264 | +30.4% |
| Financial debts | 43 | €1,538,787 | €1,088,757 | -€450,030 | -29.2% |
| Credit institutions | 430/8 | €1,538,787 | €1,088,757 | -€450,030 | -29.2% |
| Trade debts | 44 | €620,208 | €951,550 | +€331,343 | +53.4% |
| Suppliers | 440/4 | €620,208 | €951,550 | +€331,343 | +53.4% |
| Taxes, remuneration and social security | 45 | €83,359 | €93,122 | +€9,763 | +11.7% |
| Taxes | 450/3 | €39,589 | €34,297 | -€5,292 | -13.4% |
| Remuneration and social security | 454/9 | €43,771 | €58,825 | +€15,054 | +34.4% |
| Other amounts payable | 47/48 | €77,139 | €36,352 | -€40,787 | -52.9% |
| Accrued charges and deferred income | 492/3 | €16,000 | €12,000 | -€4,000 | -25.0% |
| Remuneration, social security and pensions | 62 | €304,286 | €378,681 | +€74,396 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,305 | €49,764 | +€6,459 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €691 | - | -€691 | |
| Other operating charges | 640/8 | €31,209 | €33,372 | +€2,164 | +6.9% |
| Gross operating margin | 9900 | €544,341 | €565,165 | +€20,825 | +3.8% |
| Operating profit (loss) | 9901 | €164,850 | €103,348 | -€61,502 | -37.3% |
| Financial income | 75/76B | €93,800 | €295,326 | +€201,526 | +214.8% |
| Recurring financial income | 75 | €93,800 | €295,326 | +€201,526 | +214.8% |
| Financial charges | 65/66B | €174,091 | €179,186 | +€5,095 | +2.9% |
| Recurring financial charges | 65 | €174,091 | €179,186 | +€5,095 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €84,559 | €219,488 | +€134,928 | +159.6% |
| Income taxes | 67/77 | €24,702 | €25,542 | +€840 | +3.4% |
| Profit (loss) for the period | 9904 | €59,857 | €193,946 | +€134,089 | +224.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,857 | €193,946 | +€134,089 | +224.0% |
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 9 October 2026 via checked.be.