BEGEKA: 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.
BEGEKA
Largest movements
- Stocks and contracts +€56,637
up €56,637 (+23.5%), from €240,827 to €297,464
- Receivables within one year +€42,495
up €42,495 (+128%), from €33,271 to €75,766
of which Other amounts receivable: +€45,426
- Tangible fixed assets -€31,854
down €31,854 (-21.6%), from €147,522 to €115,667
- Reserves +€39,481
up €39,481 (+518%), from €7,628 to €47,109
- Tax, wage and social debts +€18,588
up €18,588 (+167%), from €11,135 to €29,723
of which Taxes: +€13,130
- Debts after one year +€12,311
up €12,311 (+33.8%), from €36,405 to €48,716
- Other debts -€9,313
down €9,313 (-3.2%), from €292,239 to €282,926
- Staff costs -€13,211
down €13,211 (-11.7%), from €113,323 to €100,111
- Taxes +€13,018
up €13,018 (+442%), from €2,944 to €15,962
- Gross operating margin +€12,062
up €12,062 (+6.5%), from €184,657 to €196,719
- Financial income +€2,304
up €2,304 (+1,299%), from €177 to €2,482
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 | €549,521 | €614,180 | +€64,659 | +11.8% |
| Fixed assets | 21/28 | €148,264 | €115,940 | -€32,324 | -21.8% |
| Intangible fixed assets | 21 | €743 | €273 | -€470 | -63.3% |
| Tangible fixed assets | 22/27 | €147,522 | €115,667 | -€31,854 | -21.6% |
| Land and buildings | 22 | €110,114 | €96,020 | -€14,095 | -12.8% |
| Plant, machinery and equipment | 23 | €15,527 | €9,831 | -€5,696 | -36.7% |
| Furniture and vehicles | 24 | €21,880 | €9,817 | -€12,064 | -55.1% |
| Current assets | 29/58 | €401,257 | €498,240 | +€96,983 | +24.2% |
| Stocks and contracts in progress | 3 | €240,827 | €297,464 | +€56,637 | +23.5% |
| Stocks | 30/36 | €240,827 | €297,464 | +€56,637 | +23.5% |
| Amounts receivable within one year | 40/41 | €33,271 | €75,766 | +€42,495 | +128% |
| Trade receivables | 40 | €3,248 | €317 | -€2,931 | -90.2% |
| Other amounts receivable | 41 | €30,023 | €75,449 | +€45,426 | +151% |
| Cash at bank and in hand | 54/58 | €122,210 | €116,733 | -€5,477 | -4.5% |
| Deferred charges and accrued income | 490/1 | €4,948 | €8,277 | +€3,329 | +67.3% |
| Total equity and liabilities | 10/49 | €549,521 | €614,180 | +€64,659 | +11.8% |
| Equity | 10/15 | €10,128 | €49,609 | +€39,481 | +390% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,628 | €47,109 | +€39,481 | +518% |
| Distributable reserves | 133 | €7,628 | €47,109 | +€39,481 | +518% |
| Amounts payable | 17/49 | €539,393 | €564,571 | +€25,178 | +4.7% |
| Amounts payable after more than one year | 17 | €36,405 | €48,716 | +€12,311 | +33.8% |
| Financial debts | 170/4 | €36,405 | €48,716 | +€12,311 | +33.8% |
| Amounts payable within one year | 42/48 | €502,988 | €515,855 | +€12,867 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €140,995 | €146,569 | +€5,574 | +4.0% |
| Trade debts | 44 | €41,954 | €40,903 | -€1,051 | -2.5% |
| Suppliers | 440/4 | €41,954 | €40,903 | -€1,051 | -2.5% |
| Advances received on contracts in progress | 46 | €16,664 | €15,734 | -€930 | -5.6% |
| Taxes, remuneration and social security | 45 | €11,135 | €29,723 | +€18,588 | +167% |
| Taxes | 450/3 | €5,043 | €18,172 | +€13,130 | +260% |
| Remuneration and social security | 454/9 | €6,092 | €11,550 | +€5,458 | +89.6% |
| Other amounts payable | 47/48 | €292,239 | €282,926 | -€9,313 | -3.2% |
| Remuneration, social security and pensions | 62 | €113,323 | €100,111 | -€13,211 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,179 | €32,324 | +€1,145 | +3.7% |
| Other operating charges | 640/8 | €3,317 | €2,982 | -€335 | -10.1% |
| Gross operating margin | 9900 | €184,657 | €196,719 | +€12,062 | +6.5% |
| Operating profit (loss) | 9901 | €36,839 | €61,302 | +€24,463 | +66.4% |
| Financial income | 75/76B | €177 | €2,482 | +€2,304 | +1,299% |
| Recurring financial income | 75 | €177 | €2,482 | +€2,304 | +1,299% |
| Financial charges | 65/66B | €9,690 | €8,341 | -€1,349 | -13.9% |
| Recurring financial charges | 65 | €9,690 | €8,341 | -€1,349 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €27,326 | €55,443 | +€28,116 | +103% |
| Income taxes | 67/77 | €2,944 | €15,962 | +€13,018 | +442% |
| Profit (loss) for the period | 9904 | €24,383 | €39,481 | +€15,098 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,383 | €39,481 | +€15,098 | +61.9% |
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 13 October 2026 via checked.be.