BEFSAM: 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.
BEFSAM
Largest movements
- Receivables within one year -€21,183
down €21,183 (-32.8%), from €64,495 to €43,312
of which Trade receivables: -€29,918
- Cash -€13,792
down €13,792 (-16.5%), from €83,718 to €69,926
mainly Contributions, distributions and other (-€84,000) and Advances received (-€14,700)
- Tangible fixed assets -€3,569
down €3,569 (-23.2%), from €15,395 to €11,826
of which Furniture and vehicles: -€3,069
- Advances received -€14,700
no longer reported in 2025 (was €14,700)
- Tax, wage and social debts -€13,108
down €13,108 (-47.9%), from €27,373 to €14,265
- Other debts -€11,803
down €11,803 (-12.3%), from €95,803 to €84,000
- Gross operating margin -€16,905
down €16,905 (-13.0%), from €129,717 to €112,812
- Turnover -€15,009
down €15,009 (-5.5%), from €272,850 to €257,841
- Taxes -€5,426
down €5,426 (-18.6%), from €29,149 to €23,723
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 | €165,271 | €126,790 | -€38,481 | -23.3% |
| Fixed assets | 21/28 | €15,395 | €11,826 | -€3,569 | -23.2% |
| Tangible fixed assets | 22/27 | €15,395 | €11,826 | -€3,569 | -23.2% |
| Furniture and vehicles | 24 | €7,313 | €4,244 | -€3,069 | -42.0% |
| Other tangible fixed assets | 26 | €8,082 | €7,582 | -€500 | -6.2% |
| Current assets | 29/58 | €149,876 | €114,964 | -€34,912 | -23.3% |
| Amounts receivable within one year | 40/41 | €64,495 | €43,312 | -€21,183 | -32.8% |
| Trade receivables | 40 | €64,495 | €34,577 | -€29,918 | -46.4% |
| Other amounts receivable | 41 | - | €8,735 | +€8,735 | |
| Cash at bank and in hand | 54/58 | €83,718 | €69,926 | -€13,792 | -16.5% |
| Deferred charges and accrued income | 490/1 | €1,663 | €1,726 | +€63 | +3.8% |
| Total equity and liabilities | 10/49 | €165,271 | €126,790 | -€38,481 | -23.3% |
| Equity | 10/15 | €26,725 | €27,141 | +€416 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,265 | €6,681 | +€416 | +6.6% |
| Amounts payable | 17/49 | €138,546 | €99,649 | -€38,897 | -28.1% |
| Amounts payable within one year | 42/48 | €138,546 | €99,649 | -€38,897 | -28.1% |
| Trade debts | 44 | €670 | €1,384 | +€714 | +106.6% |
| Suppliers | 440/4 | €670 | €1,384 | +€714 | +106.6% |
| Advances received on contracts in progress | 46 | €14,700 | - | -€14,700 | |
| Taxes, remuneration and social security | 45 | €27,373 | €14,265 | -€13,108 | -47.9% |
| Taxes | 450/3 | €27,373 | €14,265 | -€13,108 | -47.9% |
| Other amounts payable | 47/48 | €95,803 | €84,000 | -€11,803 | -12.3% |
| Turnover | 70 | €272,850 | €257,841 | -€15,009 | -5.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €143,133 | €145,029 | +€1,896 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,256 | €3,569 | +€313 | +9.6% |
| Other operating charges | 640/8 | €910 | €957 | +€47 | +5.2% |
| Gross operating margin | 9900 | €129,717 | €112,812 | -€16,905 | -13.0% |
| Operating profit (loss) | 9901 | €125,551 | €108,286 | -€17,265 | -13.8% |
| Financial charges | 65/66B | €160 | €147 | -€13 | -8.1% |
| Recurring financial charges | 65 | €160 | €147 | -€13 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €125,391 | €108,139 | -€17,252 | -13.8% |
| Income taxes | 67/77 | €29,149 | €23,723 | -€5,426 | -18.6% |
| Profit (loss) for the period | 9904 | €96,242 | €84,416 | -€11,826 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,242 | €84,416 | -€11,826 | -12.3% |
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 11 October 2026 via checked.be.