BEGECO PROJECTONTWIKKELING: what changed
BEGECO PROJECTONTWIKKELING
Largest movements
- Stocks and contracts -€225,000
down €225,000 (-51.1%), from €440,000 to €215,000
- Cash +€209,601
up €209,601 (+74.2%), from €282,557 to €492,158
- Current investments -€200,000
down €200,000 (-14.3%), from €1.4m to €1.2m
- Tangible fixed assets +€89,815
up €89,815, from €0 to €89,815
- Trade debts -€617,467
down €617,467 (-71.0%), from €869,137 to €251,669
- Reserves +€555,130
up €555,130 (+55.5%), from €1.0m to €1.6m
of which Distributable reserves: +€556,990
- Tax, wage and social debts -€99,300
down €99,300 (-58.8%), from €168,851 to €69,550
- Other debts +€71,399
up €71,399 (+127%), from €56,103 to €127,502
- Advances received -€52,656
down €52,656 (-100%), from €52,656 to €0
- Gross operating margin +€210,622
up €210,622 (+38.5%), from €547,194 to €757,815
- Taxes +€93,432
up €93,432 (+55.8%), from €167,358 to €260,791
- Financial income +€89,626
up €89,626 (+803%), from €11,159 to €100,785
- Financial charges -€32,798
down €32,798 (-79.0%), from €41,507 to €8,709
- Depreciation +€28,139
up €28,139 (+1,684%), from €1,671 to €29,810
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,221,506 | €2,079,607 | -€141,899 | -6.4% |
| Fixed assets | 21/28 | €312 | €90,327 | +€90,015 | +28,892% |
| Tangible fixed assets | 22/27 | €0 | €89,815 | +€89,815 | |
| Furniture and vehicles | 24 | €0 | €89,815 | +€89,815 | |
| Financial fixed assets | 28 | €312 | €512 | +€200 | +64.2% |
| Current assets | 29/58 | €2,221,195 | €1,989,280 | -€231,915 | -10.4% |
| Stocks and contracts in progress | 3 | €440,000 | €215,000 | -€225,000 | -51.1% |
| Contracts in progress | 37 | €440,000 | €215,000 | -€225,000 | -51.1% |
| Amounts receivable within one year | 40/41 | €98,638 | €77,986 | -€20,652 | -20.9% |
| Trade receivables | 40 | €1,009 | €4,969 | +€3,960 | +392% |
| Other amounts receivable | 41 | €97,629 | €73,017 | -€24,612 | -25.2% |
| Current investments | 50/53 | €1,400,000 | €1,200,000 | -€200,000 | -14.3% |
| Cash at bank and in hand | 54/58 | €282,557 | €492,158 | +€209,601 | +74.2% |
| Deferred charges and accrued income | 490/1 | - | €4,136 | +€4,136 | |
| Total equity and liabilities | 10/49 | €2,221,506 | €2,079,607 | -€141,899 | -6.4% |
| Equity | 10/15 | €1,074,760 | €1,629,891 | +€555,130 | +51.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,000,679 | €1,555,809 | +€555,130 | +55.5% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €998,819 | €1,555,809 | +€556,990 | +55.8% |
| Profit (loss) carried forward | 14 | €67,882 | €67,882 | = | 0.0% |
| Amounts payable | 17/49 | €1,146,746 | €449,717 | -€697,030 | -60.8% |
| Amounts payable within one year | 42/48 | €1,146,746 | €448,721 | -€698,025 | -60.9% |
| Trade debts | 44 | €869,137 | €251,669 | -€617,467 | -71.0% |
| Suppliers | 440/4 | €869,137 | €251,669 | -€617,467 | -71.0% |
| Advances received on contracts in progress | 46 | €52,656 | €0 | -€52,656 | -100% |
| Taxes, remuneration and social security | 45 | €168,851 | €69,550 | -€99,300 | -58.8% |
| Taxes | 450/3 | €168,851 | €69,550 | -€99,300 | -58.8% |
| Other amounts payable | 47/48 | €56,103 | €127,502 | +€71,399 | +127% |
| Accrued charges and deferred income | 492/3 | - | €995 | +€995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,671 | €29,810 | +€28,139 | +1,684% |
| Other operating charges | 640/8 | €3,016 | €4,160 | +€1,145 | +38.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €547,194 | €757,815 | +€210,622 | +38.5% |
| Operating profit (loss) | 9901 | €542,507 | €723,845 | +€181,338 | +33.4% |
| Financial income | 75/76B | €11,159 | €100,785 | +€89,626 | +803% |
| Recurring financial income | 75 | €11,159 | €100,785 | +€89,626 | +803% |
| Financial charges | 65/66B | €41,507 | €8,709 | -€32,798 | -79.0% |
| Recurring financial charges | 65 | €41,507 | €8,709 | -€32,798 | -79.0% |
| Profit (loss) for the period before taxes | 9903 | €512,159 | €815,921 | +€303,762 | +59.3% |
| Income taxes | 67/77 | €167,358 | €260,791 | +€93,432 | +55.8% |
| Profit (loss) for the period | 9904 | €344,801 | €555,130 | +€210,329 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €344,801 | €555,130 | +€210,329 | +61.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.