BEGACO: 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.
BEGACO
Largest movements
- Tangible fixed assets +€713,322
up €713,322 (+123.0%), from €579,982 to €1.3m
of which Land and buildings: +€746,063
- Receivables within one year +€40,597
up €40,597 (+817.7%), from €4,965 to €45,561
of which Other amounts receivable: +€40,597
- Debts after one year +€683,335
up €683,335 (+169.4%), from €403,363 to €1.1m
- Other debts +€114,902
up €114,902 (+180.7%), from €63,571 to €178,472
- Reserves -€54,418
down €54,418 (-91.6%), from €59,418 to €5,000
- Current portion of long-term debt +€26,591
up €26,591 (+39.9%), from €66,642 to €93,233
- Gross operating margin +€102,789
up €102,789 (+66.0%), from €155,712 to €258,502
- Depreciation +€58,098
up €58,098 (+96.0%), from €60,541 to €118,639
- Other operating charges +€9,036
up €9,036 (+408.5%), from €2,212 to €11,248
- Taxes +€5,965
up €5,965 (+26.7%), from €22,356 to €28,321
- Financial charges +€3,571
up €3,571 (+28.4%), from €12,558 to €16,129
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 | €620,479 | €1,381,595 | +€761,116 | +122.7% |
| Fixed assets | 21/28 | €579,982 | €1,293,304 | +€713,322 | +123.0% |
| Tangible fixed assets | 22/27 | €579,982 | €1,293,304 | +€713,322 | +123.0% |
| Land and buildings | 22 | €488,547 | €1,234,610 | +€746,063 | +152.7% |
| Plant, machinery and equipment | 23 | €6,473 | €10,180 | +€3,707 | +57.3% |
| Furniture and vehicles | 24 | €84,961 | €48,514 | -€36,447 | -42.9% |
| Current assets | 29/58 | €40,498 | €88,291 | +€47,793 | +118.0% |
| Amounts receivable within one year | 40/41 | €4,965 | €45,561 | +€40,597 | +817.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,965 | €45,561 | +€40,597 | +817.7% |
| Cash at bank and in hand | 54/58 | €27,088 | €37,110 | +€10,023 | +37.0% |
| Deferred charges and accrued income | 490/1 | €8,445 | €5,619 | -€2,826 | -33.5% |
| Total equity and liabilities | 10/49 | €620,479 | €1,381,595 | +€761,116 | +122.7% |
| Equity | 10/15 | €59,419 | €5,001 | -€54,418 | -91.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €59,418 | €5,000 | -€54,418 | -91.6% |
| Distributable reserves | 133 | €59,418 | €5,000 | -€54,418 | -91.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €561,061 | €1,376,594 | +€815,534 | +145.4% |
| Amounts payable after more than one year | 17 | €403,363 | €1,086,698 | +€683,335 | +169.4% |
| Financial debts | 170/4 | €403,363 | €1,086,698 | +€683,335 | +169.4% |
| Amounts payable within one year | 42/48 | €156,693 | €285,145 | +€128,452 | +82.0% |
| Current portion of amounts payable after more than one year | 42 | €66,642 | €93,233 | +€26,591 | +39.9% |
| Financial debts | 43 | €8,241 | €6,743 | -€1,497 | -18.2% |
| Credit institutions | 430/8 | €8,241 | €6,743 | -€1,497 | -18.2% |
| Trade debts | 44 | €11,816 | €3,896 | -€7,920 | -67.0% |
| Suppliers | 440/4 | €11,816 | €3,896 | -€7,920 | -67.0% |
| Taxes, remuneration and social security | 45 | €6,423 | €2,800 | -€3,623 | -56.4% |
| Taxes | 450/3 | €3,435 | €675 | -€2,760 | -80.3% |
| Remuneration and social security | 454/9 | €2,988 | €2,125 | -€863 | -28.9% |
| Other amounts payable | 47/48 | €63,571 | €178,472 | +€114,902 | +180.7% |
| Accrued charges and deferred income | 492/3 | €1,005 | €4,751 | +€3,746 | +372.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,541 | €118,639 | +€58,098 | +96.0% |
| Other operating charges | 640/8 | €2,212 | €11,248 | +€9,036 | +408.5% |
| Gross operating margin | 9900 | €155,712 | €258,502 | +€102,789 | +66.0% |
| Operating profit (loss) | 9901 | €92,959 | €128,614 | +€35,654 | +38.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €12,558 | €16,129 | +€3,571 | +28.4% |
| Recurring financial charges | 65 | €12,558 | €16,129 | +€3,571 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €80,401 | €112,485 | +€32,084 | +39.9% |
| Income taxes | 67/77 | €22,356 | €28,321 | +€5,965 | +26.7% |
| Profit (loss) for the period | 9904 | €58,045 | €84,164 | +€26,119 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,045 | €84,164 | +€26,119 | +45.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.