BEGASSE IMMO: 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.
BEGASSE IMMO
Largest movements
- Tangible fixed assets +€77,213
up €77,213 (+22.7%), from €340,593 to €417,806
of which Land and buildings: +€78,427
- Cash -€27,876
down €27,876 (-77.8%), from €35,820 to €7,944
mainly Investment in fixed assets (net) (-€102,021) and Debts after one year (-€66,395)
- Other debts +€90,284
up €90,284 (+40.2%), from €224,600 to €314,884
- Debts after one year -€66,395
down €66,395 (-61.0%), from €108,820 to €42,425
- Current portion of long-term debt +€33,424
new in 2025: €33,424
- Profit (loss) carried forward -€10,330
down €10,330 (-28.0%), from €36,933 to €26,604
- Other operating charges -€14,278
down €14,278 (-92.1%), from €15,505 to €1,227
- Depreciation +€6,595
up €6,595 (+36.2%), from €18,214 to €24,809
- Financial charges +€6,390
up €6,390 (+336.0%), from €1,902 to €8,292
- Gross operating margin -€806
down €806 (-3.2%), from €24,804 to €23,999
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 | €378,414 | €425,750 | +€47,336 | +12.5% |
| Fixed assets | 21/28 | €340,593 | €417,806 | +€77,213 | +22.7% |
| Tangible fixed assets | 22/27 | €340,593 | €417,806 | +€77,213 | +22.7% |
| Land and buildings | 22 | €329,667 | €408,093 | +€78,427 | +23.8% |
| Other tangible fixed assets | 26 | €10,927 | €9,713 | -€1,214 | -11.1% |
| Current assets | 29/58 | €37,820 | €7,944 | -€29,876 | -79.0% |
| Amounts receivable within one year | 40/41 | €2,000 | - | -€2,000 | |
| Trade receivables | 40 | €2,000 | - | -€2,000 | |
| Cash at bank and in hand | 54/58 | €35,820 | €7,944 | -€27,876 | -77.8% |
| Total equity and liabilities | 10/49 | €378,414 | €425,750 | +€47,336 | +12.5% |
| Equity | 10/15 | €44,993 | €34,664 | -€10,330 | -23.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,933 | €26,604 | -€10,330 | -28.0% |
| Amounts payable | 17/49 | €333,420 | €391,086 | +€57,666 | +17.3% |
| Amounts payable after more than one year | 17 | €108,820 | €42,425 | -€66,395 | -61.0% |
| Financial debts | 170/4 | €108,820 | €42,425 | -€66,395 | -61.0% |
| Amounts payable within one year | 42/48 | €224,600 | €348,661 | +€124,061 | +55.2% |
| Current portion of amounts payable after more than one year | 42 | - | €33,424 | +€33,424 | |
| Trade debts | 44 | - | €353 | +€353 | |
| Suppliers | 440/4 | - | €353 | +€353 | |
| Other amounts payable | 47/48 | €224,600 | €314,884 | +€90,284 | +40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,214 | €24,809 | +€6,595 | +36.2% |
| Other operating charges | 640/8 | €15,505 | €1,227 | -€14,278 | -92.1% |
| Gross operating margin | 9900 | €24,804 | €23,999 | -€806 | -3.2% |
| Operating profit (loss) | 9901 | -€8,915 | -€2,037 | +€6,878 | +77.1% |
| Financial charges | 65/66B | €1,902 | €8,292 | +€6,390 | +336.0% |
| Recurring financial charges | 65 | €1,902 | €8,292 | +€6,390 | +336.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,817 | -€10,330 | +€487 | +4.5% |
| Profit (loss) for the period | 9904 | -€10,817 | -€10,330 | +€487 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,817 | -€10,330 | +€487 | +4.5% |
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.