BEGECOM: what changed
Two fiscal 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.
BEGECOM
Largest movements
- Tangible fixed assets -€121,078
down €121,078 (-95.9%), from €126,258 to €5,180
of which Land and buildings: -€125,000
- Cash +€74,558
up €74,558 (+16945040.9%), from €0 to €74,559
mainly Investment in fixed assets (net) (+€150,441) and Net result for the year (+€43,382)
- Financial fixed assets -€30,000
no longer reported in 2025 (was €30,000)
- Receivables within one year +€12,207
up €12,207 (+494.2%), from €2,470 to €14,677
of which Trade receivables: +€8,733
- Other debts -€80,633
down €80,633 (-25.6%), from €314,875 to €234,242
- Profit (loss) carried forward +€43,382
up €43,382 (+10.5%), from -€414,229 to -€370,847
- Accrued charges and deferred income -€32,712
no longer reported in 2025 (was €32,712)
- Trade debts +€8,078
up €8,078 (+896.6%), from €901 to €8,979
- Short-term financial debts -€1,947
no longer reported in 2025 (was €1,947)
- Financial charges -€123,429
down €123,429 (-99.4%), from €124,224 to €795
of which Non-recurring financial charges: -€123,139
- Gross operating margin +€78,052
up €78,052, from -€28,359 to €49,693
- Depreciation -€4,541
down €4,541 (-87.7%), from €5,179 to €638
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 | €158,729 | €94,896 | -€63,833 | -40.2% |
| Fixed assets | 21/28 | €156,258 | €5,180 | -€151,078 | -96.7% |
| Tangible fixed assets | 22/27 | €126,258 | €5,180 | -€121,078 | -95.9% |
| Land and buildings | 22 | €125,000 | - | -€125,000 | |
| Plant, machinery and equipment | 23 | - | €3,373 | +€3,373 | |
| Furniture and vehicles | 24 | €958 | €1,508 | +€549 | +57.3% |
| Other tangible fixed assets | 26 | €300 | €300 | = | 0.0% |
| Financial fixed assets | 28 | €30,000 | - | -€30,000 | |
| Current assets | 29/58 | €2,471 | €89,716 | +€87,246 | +3531.4% |
| Amounts receivable within one year | 40/41 | €2,470 | €14,677 | +€12,207 | +494.2% |
| Trade receivables | 40 | €1,399 | €10,132 | +€8,733 | +624.3% |
| Other amounts receivable | 41 | €1,071 | €4,546 | +€3,474 | +324.3% |
| Cash at bank and in hand | 54/58 | €0 | €74,559 | +€74,558 | +16945040.9% |
| Deferred charges and accrued income | 490/1 | - | €480 | +€480 | |
| Total equity and liabilities | 10/49 | €158,729 | €94,896 | -€63,833 | -40.2% |
| Equity | 10/15 | -€191,854 | -€148,472 | +€43,382 | +22.6% |
| Contributions | 10/11 | €221,000 | €221,000 | = | 0.0% |
| Capital | 10 | €221,000 | €221,000 | = | 0.0% |
| Issued capital | 100 | €221,000 | €221,000 | = | 0.0% |
| Reserves | 13 | €1,375 | €1,375 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,375 | €1,375 | = | 0.0% |
| Legal reserve | 130 | €1,375 | €1,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€414,229 | -€370,847 | +€43,382 | +10.5% |
| Amounts payable | 17/49 | €350,583 | €243,368 | -€107,215 | -30.6% |
| Amounts payable within one year | 42/48 | €317,871 | €243,368 | -€74,502 | -23.4% |
| Financial debts | 43 | €1,947 | - | -€1,947 | |
| Credit institutions | 430/8 | €1,947 | - | -€1,947 | |
| Trade debts | 44 | €901 | €8,979 | +€8,078 | +896.6% |
| Suppliers | 440/4 | €901 | €8,979 | +€8,078 | +896.6% |
| Taxes, remuneration and social security | 45 | €147 | €147 | = | 0.0% |
| Taxes | 450/3 | €147 | €147 | = | 0.0% |
| Other amounts payable | 47/48 | €314,875 | €234,242 | -€80,633 | -25.6% |
| Accrued charges and deferred income | 492/3 | €32,712 | - | -€32,712 | |
| Non-recurring operating income | 76A | - | €100,000 | +€100,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,179 | €638 | -€4,541 | -87.7% |
| Other operating charges | 640/8 | €4,734 | €4,878 | +€143 | +3.0% |
| Gross operating margin | 9900 | -€28,359 | €49,693 | +€78,052 | |
| Operating profit (loss) | 9901 | -€38,272 | €44,178 | +€82,449 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €124,224 | €795 | -€123,429 | -99.4% |
| Recurring financial charges | 65 | €1,085 | €795 | -€290 | -26.7% |
| Non-recurring financial charges | 66B | €123,139 | - | -€123,139 | |
| Profit (loss) for the period before taxes | 9903 | -€162,496 | €43,382 | +€205,878 | |
| Profit (loss) for the period | 9904 | -€162,496 | €43,382 | +€205,878 | |
| Profit (loss) for the period to be appropriated | 9905 | -€162,496 | €43,382 | +€205,878 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.