BEGALEJE: 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.
BEGALEJE
Largest movements
- Cash +€168,120
up €168,120 (+1,009%), from €16,665 to €184,785
mainly Receivables within one year (+€158,638) and Net result for the year (+€79,934)
- Receivables within one year -€158,638
down €158,638 (-29.6%), from €535,806 to €377,168
of which Other amounts receivable: -€159,009
- Current investments -€79,291
down €79,291 (-6.7%), from €1.2m to €1.1m
- Reserves -€68,100
down €68,100 (-4.2%), from €1.6m to €1.5m
of which Distributable reserves: -€68,100
- Financial income -€170,921
down €170,921 (-89.8%), from €190,379 to €19,458
- Taxes -€26,773
down €26,773 (-41.4%), from €64,727 to €37,954
- Gross operating margin -€24,454
down €24,454 (-17.5%), from €139,401 to €114,946
- Other operating charges -€2,068
down €2,068 (-67.4%), from €3,067 to €999
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,773,834 | €1,690,034 | -€83,800 | -4.7% |
| Fixed assets | 21/28 | €43,338 | €29,347 | -€13,991 | -32.3% |
| Tangible fixed assets | 22/27 | €38,338 | €24,347 | -€13,991 | -36.5% |
| Furniture and vehicles | 24 | €37,467 | €23,797 | -€13,671 | -36.5% |
| Other tangible fixed assets | 26 | €871 | €551 | -€320 | -36.8% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,730,496 | €1,660,687 | -€69,809 | -4.0% |
| Amounts receivable within one year | 40/41 | €535,806 | €377,168 | -€158,638 | -29.6% |
| Trade receivables | 40 | €9,039 | €9,409 | +€371 | +4.1% |
| Other amounts receivable | 41 | €526,767 | €367,758 | -€159,009 | -30.2% |
| Current investments | 50/53 | €1,178,024 | €1,098,734 | -€79,291 | -6.7% |
| Cash at bank and in hand | 54/58 | €16,665 | €184,785 | +€168,120 | +1,009% |
| Total equity and liabilities | 10/49 | €1,773,834 | €1,690,034 | -€83,800 | -4.7% |
| Equity | 10/15 | €1,721,477 | €1,653,411 | -€68,066 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,604,700 | €1,536,600 | -€68,100 | -4.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,602,840 | €1,534,740 | -€68,100 | -4.2% |
| Profit (loss) carried forward | 14 | €98,177 | €98,211 | +€34 | 0.0% |
| Amounts payable | 17/49 | €52,357 | €36,622 | -€15,734 | -30.1% |
| Amounts payable after more than one year | 17 | €11,051 | €4,801 | -€6,250 | -56.6% |
| Financial debts | 170/4 | €11,051 | €4,801 | -€6,250 | -56.6% |
| Amounts payable within one year | 42/48 | €41,305 | €31,821 | -€9,484 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €6,250 | €6,250 | = | 0.0% |
| Financial debts | 43 | €708 | €860 | +€153 | +21.6% |
| Credit institutions | 430/8 | €708 | €860 | +€153 | +21.6% |
| Trade debts | 44 | €171 | €297 | +€126 | +74.1% |
| Suppliers | 440/4 | €171 | €297 | +€126 | +74.1% |
| Taxes, remuneration and social security | 45 | €34,177 | €24,414 | -€9,763 | -28.6% |
| Taxes | 450/3 | €34,177 | €24,414 | -€9,763 | -28.6% |
| Remuneration, social security and pensions | 62 | - | €5 | +€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,191 | €14,078 | -€113 | -0.8% |
| Other operating charges | 640/8 | €3,067 | €999 | -€2,068 | -67.4% |
| Non-recurring operating charges | 66A | - | €798 | +€798 | |
| Gross operating margin | 9900 | €139,401 | €114,946 | -€24,454 | -17.5% |
| Operating profit (loss) | 9901 | €122,143 | €99,066 | -€23,076 | -18.9% |
| Financial income | 75/76B | €190,379 | €19,458 | -€170,921 | -89.8% |
| Recurring financial income | 75 | €190,379 | €19,458 | -€170,921 | -89.8% |
| Financial charges | 65/66B | €649 | €636 | -€13 | -2.0% |
| Recurring financial charges | 65 | €649 | €636 | -€13 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €311,872 | €117,888 | -€193,984 | -62.2% |
| Income taxes | 67/77 | €64,727 | €37,954 | -€26,773 | -41.4% |
| Profit (loss) for the period | 9904 | €247,145 | €79,934 | -€167,211 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €247,145 | €79,934 | -€167,211 | -67.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.