BeGeFa: 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.
BeGeFa
Largest movements
- Tangible fixed assets -€40,257
down €40,257 (-28.6%), from €140,933 to €100,677
of which Furniture and vehicles: -€26,398
- Cash +€18,473
up €18,473 (+42.6%), from €43,395 to €61,868
mainly Depreciation (+€40,257) and Net result for the year (+€10,027)
- Debts after one year -€27,308
down €27,308 (-39.3%), from €69,513 to €42,205
of which Other amounts payable: -€15,879
- Profit (loss) carried forward +€5,527
up €5,527 (+5.1%), from €108,353 to €113,880
- Reserves +€4,500
up €4,500 (+181.5%), from €2,479 to €6,979
of which Tax-exempt reserves: +€4,500
- Trade debts -€4,309
down €4,309 (-69.0%), from €6,247 to €1,938
- Gross operating margin +€2,713
up €2,713 (+5.1%), from €53,617 to €56,331
- Depreciation -€1,049
down €1,049 (-2.5%), from €41,306 to €40,257
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 | €214,729 | €193,210 | -€21,519 | -10.0% |
| Fixed assets | 21/28 | €140,933 | €100,677 | -€40,257 | -28.6% |
| Tangible fixed assets | 22/27 | €140,933 | €100,677 | -€40,257 | -28.6% |
| Land and buildings | 22 | €2,219 | €1,890 | -€329 | -14.8% |
| Plant, machinery and equipment | 23 | €64,204 | €50,674 | -€13,530 | -21.1% |
| Furniture and vehicles | 24 | €74,510 | €48,113 | -€26,398 | -35.4% |
| Current assets | 29/58 | €73,796 | €92,533 | +€18,737 | +25.4% |
| Stocks and contracts in progress | 3 | €1,485 | €1,463 | -€22 | -1.5% |
| Stocks | 30/36 | €1,485 | €1,463 | -€22 | -1.5% |
| Amounts receivable within one year | 40/41 | €23,385 | €22,962 | -€423 | -1.8% |
| Trade receivables | 40 | €23,385 | €22,402 | -€983 | -4.2% |
| Other amounts receivable | 41 | €0 | €561 | +€561 | |
| Cash at bank and in hand | 54/58 | €43,395 | €61,868 | +€18,473 | +42.6% |
| Deferred charges and accrued income | 490/1 | €5,531 | €6,239 | +€709 | +12.8% |
| Total equity and liabilities | 10/49 | €214,729 | €193,210 | -€21,519 | -10.0% |
| Equity | 10/15 | €121,987 | €132,014 | +€10,027 | +8.2% |
| Contributions | 10/11 | €11,155 | €11,155 | = | 0.0% |
| Reserves | 13 | €2,479 | €6,979 | +€4,500 | +181.5% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €4,500 | +€4,500 | |
| Profit (loss) carried forward | 14 | €108,353 | €113,880 | +€5,527 | +5.1% |
| Provisions and deferred taxes | 16 | - | €1,500 | +€1,500 | |
| Deferred taxes | 168 | - | €1,500 | +€1,500 | |
| Amounts payable | 17/49 | €92,742 | €59,695 | -€33,047 | -35.6% |
| Amounts payable after more than one year | 17 | €69,513 | €42,205 | -€27,308 | -39.3% |
| Financial debts | 170/4 | €11,429 | - | -€11,429 | |
| Other amounts payable | 178/9 | €58,085 | €42,205 | -€15,879 | -27.3% |
| Amounts payable within one year | 42/48 | €23,228 | €17,490 | -€5,739 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €11,429 | €11,429 | +€0 | 0.0% |
| Trade debts | 44 | €6,247 | €1,938 | -€4,309 | -69.0% |
| Suppliers | 440/4 | €6,247 | €1,938 | -€4,309 | -69.0% |
| Taxes, remuneration and social security | 45 | €5,553 | €4,123 | -€1,430 | -25.7% |
| Taxes | 450/3 | €5,553 | €4,123 | -€1,430 | -25.7% |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,306 | €40,257 | -€1,049 | -2.5% |
| Other operating charges | 640/8 | €1,808 | €1,323 | -€485 | -26.8% |
| Gross operating margin | 9900 | €53,617 | €56,331 | +€2,713 | +5.1% |
| Operating profit (loss) | 9901 | €10,503 | €14,751 | +€4,248 | +40.4% |
| Financial income | 75/76B | €569 | €661 | +€92 | +16.1% |
| Recurring financial income | 75 | €569 | €661 | +€92 | +16.1% |
| Financial charges | 65/66B | €496 | €394 | -€102 | -20.5% |
| Recurring financial charges | 65 | €496 | €394 | -€102 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €10,575 | €15,017 | +€4,442 | +42.0% |
| Transfer to deferred taxes | 680 | - | €1,500 | +€1,500 | |
| Income taxes | 67/77 | €4,052 | €3,490 | -€562 | -13.9% |
| Profit (loss) for the period | 9904 | €6,524 | €10,027 | +€3,503 | +53.7% |
| Transfer to tax-exempt reserves | 689 | - | €4,500 | +€4,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,524 | €5,527 | -€997 | -15.3% |
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 5 October 2026 via checked.be.