BEGCON: 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.
BEGCON
Largest movements
- Stocks and contracts +€220,854
up €220,854 (+137.9%), from €160,143 to €380,997
- Receivables within one year +€48,652
up €48,652 (+63.9%), from €76,101 to €124,753
- Cash -€18,071
down €18,071 (-99.8%), from €18,115 to €44
mainly Stocks and contracts (-€220,854) and Receivables within one year (-€48,652)
- Trade debts +€197,331
up €197,331 (+9785.7%), from €2,017 to €199,347
- Other debts +€56,959
up €56,959 (+22.3%), from €255,000 to €311,959
- Gross operating margin +€761
up €761 (+28.6%), from -€2,658 to -€1,896
- Other operating charges +€516
new in 2025: €516
- Financial charges +€442
new in 2025: €442
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 | €254,359 | €505,795 | +€251,436 | +98.9% |
| Current assets | 29/58 | €254,359 | €505,795 | +€251,436 | +98.9% |
| Stocks and contracts in progress | 3 | €160,143 | €380,997 | +€220,854 | +137.9% |
| Stocks | 30/36 | €160,143 | €380,997 | +€220,854 | +137.9% |
| Amounts receivable within one year | 40/41 | €76,101 | €124,753 | +€48,652 | +63.9% |
| Other amounts receivable | 41 | €76,101 | €124,753 | +€48,652 | +63.9% |
| Cash at bank and in hand | 54/58 | €18,115 | €44 | -€18,071 | -99.8% |
| Total equity and liabilities | 10/49 | €254,359 | €505,795 | +€251,436 | +98.9% |
| Equity | 10/15 | -€2,658 | -€5,512 | -€2,854 | -107.4% |
| Profit (loss) carried forward | 14 | -€2,658 | -€5,512 | -€2,854 | -107.4% |
| Amounts payable | 17/49 | €257,017 | €511,307 | +€254,290 | +98.9% |
| Amounts payable within one year | 42/48 | €257,017 | €511,307 | +€254,290 | +98.9% |
| Trade debts | 44 | €2,017 | €199,347 | +€197,331 | +9785.7% |
| Suppliers | 440/4 | €2,017 | €199,347 | +€197,331 | +9785.7% |
| Other amounts payable | 47/48 | €255,000 | €311,959 | +€56,959 | +22.3% |
| Other operating charges | 640/8 | - | €516 | +€516 | |
| Gross operating margin | 9900 | -€2,658 | -€1,896 | +€761 | +28.6% |
| Operating profit (loss) | 9901 | -€2,658 | -€2,412 | +€245 | +9.2% |
| Financial charges | 65/66B | - | €442 | +€442 | |
| Recurring financial charges | 65 | - | €442 | +€442 | |
| Profit (loss) for the period before taxes | 9903 | -€2,658 | -€2,854 | -€197 | -7.4% |
| Profit (loss) for the period | 9904 | -€2,658 | -€2,854 | -€197 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,658 | -€2,854 | -€197 | -7.4% |
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 9 October 2026 via checked.be.