BEGAD: 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.
BEGAD
Largest movements
- Receivables within one year +€26,488
up €26,488 (+50.1%), from €52,885 to €79,373
of which Trade receivables: +€22,786
- Tangible fixed assets -€12,799
down €12,799 (-56.7%), from €22,560 to €9,762
- Cash -€8,884
down €8,884 (-51.7%), from €17,174 to €8,290
mainly Receivables within one year (-€26,488) and Debts after one year (-€7,360)
- Tax, wage and social debts +€13,052
up €13,052 (+402.6%), from €3,242 to €16,294
of which Remuneration and social security: +€9,135
- Debts after one year -€7,360
down €7,360 (-68.8%), from €10,701 to €3,341
- Profit (loss) carried forward +€5,420
up €5,420 (+8.9%), from €60,940 to €66,360
- Current portion of long-term debt -€4,194
down €4,194 (-36.3%), from €11,554 to €7,360
- Trade debts -€2,560
down €2,560 (-82.2%), from €3,115 to €555
- Gross operating margin -€8,885
down €8,885 (-28.5%), from €31,214 to €22,329
- Taxes -€1,565
down €1,565 (-48.3%), from €3,242 to €1,677
- Financial charges -€1,109
down €1,109 (-37.2%), from €2,983 to €1,874
- Other operating charges -€1,041
down €1,041 (-65.0%), from €1,600 to €559
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 | €94,553 | €98,910 | +€4,357 | +4.6% |
| Fixed assets | 21/28 | €22,560 | €9,762 | -€12,799 | -56.7% |
| Tangible fixed assets | 22/27 | €22,560 | €9,762 | -€12,799 | -56.7% |
| Furniture and vehicles | 24 | €22,560 | €9,762 | -€12,799 | -56.7% |
| Current assets | 29/58 | €71,993 | €89,149 | +€17,156 | +23.8% |
| Amounts receivable within one year | 40/41 | €52,885 | €79,373 | +€26,488 | +50.1% |
| Trade receivables | 40 | €39,964 | €62,750 | +€22,786 | +57.0% |
| Other amounts receivable | 41 | €12,921 | €16,623 | +€3,703 | +28.7% |
| Cash at bank and in hand | 54/58 | €17,174 | €8,290 | -€8,884 | -51.7% |
| Deferred charges and accrued income | 490/1 | €1,934 | €1,485 | -€448 | -23.2% |
| Total equity and liabilities | 10/49 | €94,553 | €98,910 | +€4,357 | +4.6% |
| Equity | 10/15 | €65,940 | €71,360 | +€5,420 | +8.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,940 | €66,360 | +€5,420 | +8.9% |
| Amounts payable | 17/49 | €28,612 | €27,550 | -€1,062 | -3.7% |
| Amounts payable after more than one year | 17 | €10,701 | €3,341 | -€7,360 | -68.8% |
| Financial debts | 170/4 | €10,701 | €3,341 | -€7,360 | -68.8% |
| Amounts payable within one year | 42/48 | €17,911 | €24,209 | +€6,298 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €11,554 | €7,360 | -€4,194 | -36.3% |
| Trade debts | 44 | €3,115 | €555 | -€2,560 | -82.2% |
| Suppliers | 440/4 | €3,115 | €555 | -€2,560 | -82.2% |
| Taxes, remuneration and social security | 45 | €3,242 | €16,294 | +€13,052 | +402.6% |
| Taxes | 450/3 | €3,242 | €7,159 | +€3,917 | +120.8% |
| Remuneration and social security | 454/9 | - | €9,135 | +€9,135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,051 | €12,799 | -€252 | -1.9% |
| Other operating charges | 640/8 | €1,600 | €559 | -€1,041 | -65.0% |
| Gross operating margin | 9900 | €31,214 | €22,329 | -€8,885 | -28.5% |
| Operating profit (loss) | 9901 | €16,563 | €8,971 | -€7,592 | -45.8% |
| Financial charges | 65/66B | €2,983 | €1,874 | -€1,109 | -37.2% |
| Recurring financial charges | 65 | €2,983 | €1,874 | -€1,109 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €13,580 | €7,097 | -€6,483 | -47.7% |
| Income taxes | 67/77 | €3,242 | €1,677 | -€1,565 | -48.3% |
| Profit (loss) for the period | 9904 | €10,338 | €5,420 | -€4,918 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,338 | €5,420 | -€4,918 | -47.6% |
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.