Begassur: 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.
Begassur
Largest movements
- Tangible fixed assets +€587,703
up €587,703 (+29,930%), from €1,964 to €589,667
of which Land and buildings: +€589,667
- Intangible fixed assets -€153,664
down €153,664 (-12.3%), from €1.2m to €1.1m
- Cash -€70,432
down €70,432 (-72.8%), from €96,793 to €26,360
mainly Investment in fixed assets (net) (-€606,605) and Receivables within one year (-€19,131)
- Receivables within one year +€19,131
up €19,131 (+31.5%), from €60,722 to €79,853
of which Trade receivables: +€19,253
- Debts after one year +€353,655
up €353,655 (+31.6%), from €1.1m to €1.5m
- Gross operating margin +€116,372
up €116,372 (+29.2%), from €397,923 to €514,295
- Staff costs +€58,560
up €58,560 (+25.6%), from €228,389 to €286,949
- Depreciation +€35,813
up €35,813 (+26.2%), from €136,752 to €172,565
- Financial charges +€20,154
up €20,154 (+96.5%), from €20,885 to €41,039
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.
Derived cash bridge
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 | €1,414,366 | €1,797,498 | +€383,132 | +27.1% |
| Fixed assets | 21/28 | €1,251,207 | €1,685,247 | +€434,040 | +34.7% |
| Intangible fixed assets | 21 | €1,249,128 | €1,095,464 | -€153,664 | -12.3% |
| Tangible fixed assets | 22/27 | €1,964 | €589,667 | +€587,703 | +29,930% |
| Land and buildings | 22 | - | €589,667 | +€589,667 | |
| Furniture and vehicles | 24 | €1,964 | - | -€1,964 | |
| Financial fixed assets | 28 | €116 | €116 | = | 0.0% |
| Current assets | 29/58 | €163,158 | €112,251 | -€50,908 | -31.2% |
| Amounts receivable within one year | 40/41 | €60,722 | €79,853 | +€19,131 | +31.5% |
| Trade receivables | 40 | €30,396 | €49,649 | +€19,253 | +63.3% |
| Other amounts receivable | 41 | €30,326 | €30,204 | -€122 | -0.4% |
| Cash at bank and in hand | 54/58 | €96,793 | €26,360 | -€70,432 | -72.8% |
| Deferred charges and accrued income | 490/1 | €5,643 | €6,037 | +€394 | +7.0% |
| Total equity and liabilities | 10/49 | €1,414,366 | €1,797,498 | +€383,132 | +27.1% |
| Equity | 10/15 | €73,653 | €75,996 | +€2,342 | +3.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €48,653 | €50,996 | +€2,342 | +4.8% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,254 | €17,254 | = | 0.0% |
| Distributable reserves | 133 | €28,899 | €31,242 | +€2,342 | +8.1% |
| Amounts payable | 17/49 | €1,340,712 | €1,721,502 | +€380,789 | +28.4% |
| Amounts payable after more than one year | 17 | €1,119,567 | €1,473,222 | +€353,655 | +31.6% |
| Financial debts | 170/4 | €1,119,567 | €1,473,222 | +€353,655 | +31.6% |
| Amounts payable within one year | 42/48 | €221,145 | €245,266 | +€24,121 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €151,769 | €168,683 | +€16,914 | +11.1% |
| Trade debts | 44 | €17,611 | €22,047 | +€4,436 | +25.2% |
| Suppliers | 440/4 | €17,611 | €22,047 | +€4,436 | +25.2% |
| Taxes, remuneration and social security | 45 | €45,251 | €52,498 | +€7,247 | +16.0% |
| Taxes | 450/3 | €14,160 | €12,436 | -€1,724 | -12.2% |
| Remuneration and social security | 454/9 | €31,091 | €40,062 | +€8,971 | +28.9% |
| Other amounts payable | 47/48 | €6,514 | €2,038 | -€4,476 | -68.7% |
| Accrued charges and deferred income | 492/3 | - | €3,014 | +€3,014 | |
| Non-recurring operating income | 76A | €44,231 | - | -€44,231 | |
| Remuneration, social security and pensions | 62 | €228,389 | €286,949 | +€58,560 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,752 | €172,565 | +€35,813 | +26.2% |
| Other operating charges | 640/8 | €2,133 | €7,077 | +€4,945 | +232% |
| Gross operating margin | 9900 | €397,923 | €514,295 | +€116,372 | +29.2% |
| Operating profit (loss) | 9901 | €30,649 | €47,704 | +€17,054 | +55.6% |
| Financial income | 75/76B | €1,413 | €1 | -€1,412 | -99.9% |
| Recurring financial income | 75 | €1,413 | €1 | -€1,412 | -99.9% |
| Financial charges | 65/66B | €20,885 | €41,039 | +€20,154 | +96.5% |
| Recurring financial charges | 65 | €20,885 | €41,039 | +€20,154 | +96.5% |
| Profit (loss) for the period before taxes | 9903 | €11,177 | €6,665 | -€4,512 | -40.4% |
| Income taxes | 67/77 | €8,473 | €4,323 | -€4,150 | -49.0% |
| Profit (loss) for the period | 9904 | €2,704 | €2,342 | -€362 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,704 | €2,342 | -€362 | -13.4% |
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 18 October 2026 via checked.be.