BeGelex: 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.
BeGelex
Largest movements
- Cash +€93,088
up €93,088 (+20.3%), from €458,049 to €551,136
mainly Net result for the year (+€126,724) and Other debts (+€36,290)
- Receivables within one year -€33,772
down €33,772 (-86.7%), from €38,949 to €5,177
- Other debts +€36,290
new in 2025: €36,290
- Tax, wage and social debts +€15,174
up €15,174 (+13.2%), from €115,070 to €130,244
- Gross operating margin -€311,507
down €311,507 (-63.4%), from €491,544 to €180,037
- Taxes -€104,321
down €104,321 (-64.5%), from €161,744 to €57,423
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 | €875,413 | €932,413 | +€57,000 | +6.5% |
| Fixed assets | 21/28 | €378,416 | €375,450 | -€2,966 | -0.8% |
| Tangible fixed assets | 22/27 | €28,366 | €25,400 | -€2,966 | -10.5% |
| Furniture and vehicles | 24 | €11,915 | €11,301 | -€615 | -5.2% |
| Other tangible fixed assets | 26 | €16,450 | €14,099 | -€2,351 | -14.3% |
| Financial fixed assets | 28 | €350,050 | €350,050 | = | 0.0% |
| Current assets | 29/58 | €496,997 | €556,963 | +€59,966 | +12.1% |
| Amounts receivable within one year | 40/41 | €38,949 | €5,177 | -€33,772 | -86.7% |
| Other amounts receivable | 41 | €38,949 | €5,177 | -€33,772 | -86.7% |
| Cash at bank and in hand | 54/58 | €458,049 | €551,136 | +€93,088 | +20.3% |
| Deferred charges and accrued income | 490/1 | - | €650 | +€650 | |
| Total equity and liabilities | 10/49 | €875,413 | €932,413 | +€57,000 | +6.5% |
| Equity | 10/15 | €748,312 | €757,036 | +€8,724 | +1.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €685,000 | €693,000 | +€8,000 | +1.2% |
| Distributable reserves | 133 | €685,000 | €693,000 | +€8,000 | +1.2% |
| Profit (loss) carried forward | 14 | €42,852 | €43,576 | +€724 | +1.7% |
| Amounts payable | 17/49 | €127,100 | €175,377 | +€48,276 | +38.0% |
| Amounts payable within one year | 42/48 | €127,100 | €175,377 | +€48,276 | +38.0% |
| Current portion of amounts payable after more than one year | 42 | €7,614 | €4,950 | -€2,664 | -35.0% |
| Trade debts | 44 | €4,416 | €3,892 | -€524 | -11.9% |
| Suppliers | 440/4 | €4,416 | €3,892 | -€524 | -11.9% |
| Taxes, remuneration and social security | 45 | €115,070 | €130,244 | +€15,174 | +13.2% |
| Taxes | 450/3 | €115,070 | €130,244 | +€15,174 | +13.2% |
| Other amounts payable | 47/48 | - | €36,290 | +€36,290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,735 | €4,910 | +€2,176 | +79.6% |
| Other operating charges | 640/8 | €1,376 | €1,413 | +€37 | +2.7% |
| Gross operating margin | 9900 | €491,544 | €180,037 | -€311,507 | -63.4% |
| Operating profit (loss) | 9901 | €487,433 | €173,714 | -€313,719 | -64.4% |
| Financial income | 75/76B | €11,716 | €10,715 | -€1,001 | -8.5% |
| Recurring financial income | 75 | €11,716 | €10,715 | -€1,001 | -8.5% |
| Financial charges | 65/66B | €167 | €282 | +€115 | +68.6% |
| Recurring financial charges | 65 | €167 | €282 | +€115 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | €498,981 | €184,147 | -€314,835 | -63.1% |
| Income taxes | 67/77 | €161,744 | €57,423 | -€104,321 | -64.5% |
| Profit (loss) for the period | 9904 | €337,237 | €126,724 | -€210,513 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €337,237 | €126,724 | -€210,513 | -62.4% |
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 2 October 2026 via checked.be.