BEGETUBE: 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.
What changed
BEGETUBE
NACE 46.842, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €799,174+€804,168
Equity
€3.9m
2024 · €4.1m-€196,659
Cash
€825,549
2024 · €807,814+€17,736
Balance sheet total
€11.5m
2024 · €12.5m-€919,826
Largest movements
Assets
- Stocks and contracts -€596,907
down €596,907 (-9.0%), from €6.6m to €6.0m
- Tangible fixed assets -€430,544
down €430,544 (-10.8%), from €4.0m to €3.5m
- Intangible fixed assets +€135,940
new in 2025: €135,940
Equity and liabilities
- Short-term financial debts +€2.1m
up €2.1m (+220.9%), from €935,000 to €3.0m
- Trade debts -€1.9m
down €1.9m (-50.9%), from €3.7m to €1.8m
- Other debts -€1.4m
down €1.4m (-43.8%), from €3.2m to €1.8m
- Tax, wage and social debts +€487,327
up €487,327 (+98.3%), from €495,822 to €983,149
of which Taxes: +€408,475
- Reserves -€200,000
down €200,000 (-5.5%), from €3.6m to €3.4m
of which Distributable reserves: -€200,000
Income statement
- Goods and materials -€720,689
down €720,689 (-2.6%), from €27.6m to €26.9m
of which Purchases: -€2.3m
- Turnover +€540,931
up €540,931 (+1.4%), from €39.3m to €39.8m
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.
Result 2024
€799,174
Turnover
+€540,931
Other operating income
+€12,648
Goods and materials
+€720,689
Services and other goods
+€301,861
Staff costs
-€392,042
Depreciation
-€30,489
Other operating charges
+€9,438
Financial income
-€45,733
Financial charges
-€58,171
Taxes
-€254,965
Result 2025
€1.6m
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.
From operations
+€2,654
Investment
-€249,919
Financing
+€265,000
Cash 2024
€807,814
From operations (derived)
+€2,654
Net result for the year
+€1.6m
Depreciation
+€544,523
Stocks and contracts
+€596,907
Receivables within one year
+€43,982
Smaller working-capital items
+€4,654
Trade debts
-€1.9m
Tax, wage and social debts
+€487,327
Other debts
-€1.4m
Investment (derived)
-€249,919
Investment in fixed assets (net)
-€249,919
Financing
+€265,000
Short-term financial debts
+€2.1m
Contributions, distributions and other
-€1.8m
Cash 2025
€825,549
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,455,170 | €11,535,344 | -€919,826 | -7.4% |
| Fixed assets | 21/28 | €3,980,183 | €3,685,579 | -€294,604 | -7.4% |
| Intangible fixed assets | 21 | - | €135,940 | +€135,940 | |
| Tangible fixed assets | 22/27 | €3,980,183 | €3,549,639 | -€430,544 | -10.8% |
| Land and buildings | 22 | €2,817,184 | €2,611,644 | -€205,539 | -7.3% |
| Plant, machinery and equipment | 23 | €56,738 | €75,932 | +€19,194 | +33.8% |
| Furniture and vehicles | 24 | €796,458 | €583,670 | -€212,788 | -26.7% |
| Other tangible fixed assets | 26 | €309,803 | €278,392 | -€31,411 | -10.1% |
| Current assets | 29/58 | €8,474,987 | €7,849,765 | -€625,221 | -7.4% |
| Stocks and contracts in progress | 3 | €6,628,883 | €6,031,977 | -€596,907 | -9.0% |
| Stocks | 30/36 | €6,628,883 | €6,031,977 | -€596,907 | -9.0% |
| Goods purchased for resale | 34 | €6,628,883 | €6,031,977 | -€596,907 | -9.0% |
| Amounts receivable within one year | 40/41 | €1,036,221 | €992,239 | -€43,982 | -4.2% |
| Trade receivables | 40 | €522,023 | €985,661 | +€463,639 | +88.8% |
| Other amounts receivable | 41 | €514,199 | €6,578 | -€507,621 | -98.7% |
| Cash at bank and in hand | 54/58 | €807,814 | €825,549 | +€17,736 | +2.2% |
| Deferred charges and accrued income | 490/1 | €2,068 | - | -€2,068 | |
| Total equity and liabilities | 10/49 | €12,455,170 | €11,535,344 | -€919,826 | -7.4% |
| Equity | 10/15 | €4,136,501 | €3,939,842 | -€196,659 | -4.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €3,633,702 | €3,433,702 | -€200,000 | -5.5% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,702 | €3,702 | = | 0.0% |
| Distributable reserves | 133 | €3,580,000 | €3,380,000 | -€200,000 | -5.6% |
| Profit (loss) carried forward | 14 | €2,800 | €6,141 | +€3,341 | +119.3% |
| Amounts payable | 17/49 | €8,318,668 | €7,595,501 | -€723,167 | -8.7% |
| Amounts payable within one year | 42/48 | €8,318,201 | €7,592,448 | -€725,753 | -8.7% |
| Financial debts | 43 | €935,000 | €3,000,000 | +€2.1m | +220.9% |
| Credit institutions | 430/8 | €935,000 | €3,000,000 | +€2.1m | +220.9% |
| Trade debts | 44 | €3,687,379 | €1,809,299 | -€1.9m | -50.9% |
| Suppliers | 440/4 | €3,687,379 | €1,809,299 | -€1.9m | -50.9% |
| Taxes, remuneration and social security | 45 | €495,822 | €983,149 | +€487,327 | +98.3% |
| Taxes | 450/3 | €100,133 | €508,608 | +€408,475 | +407.9% |
| Remuneration and social security | 454/9 | €395,689 | €474,541 | +€78,852 | +19.9% |
| Other amounts payable | 47/48 | €3,200,000 | €1,800,000 | -€1.4m | -43.8% |
| Accrued charges and deferred income | 492/3 | €468 | €3,054 | +€2,586 | +553.2% |
| Operating income | 70/76A | €39,655,967 | €40,209,546 | +€553,579 | +1.4% |
| Turnover | 70 | €39,254,584 | €39,795,515 | +€540,931 | +1.4% |
| Other operating income | 74 | €401,383 | €414,031 | +€12,648 | +3.2% |
| Operating charges | 60/66A | €38,355,476 | €37,746,019 | -€609,457 | -1.6% |
| Goods for resale, raw materials and consumables | 60 | €27,636,719 | €26,916,030 | -€720,689 | -2.6% |
| Purchases | 600/8 | €28,613,643 | €26,319,123 | -€2.3m | -8.0% |
| Change in stocks: decrease (increase) | 609 | -€976,924 | €596,907 | +€1.6m | |
| Services and other goods | 61 | €7,000,074 | €6,698,213 | -€301,861 | -4.3% |
| Remuneration, social security and pensions | 62 | €3,148,120 | €3,540,162 | +€392,042 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €514,034 | €544,523 | +€30,489 | +5.9% |
| Other operating charges | 640/8 | €56,530 | €47,091 | -€9,438 | -16.7% |
| Operating profit (loss) | 9901 | €1,300,490 | €2,463,527 | +€1.2m | +89.4% |
| Financial income | 75/76B | €963,550 | €917,816 | -€45,733 | -4.7% |
| Recurring financial income | 75 | €963,550 | €917,816 | -€45,733 | -4.7% |
| Income from current assets | 751 | - | €771 | +€771 | |
| Other financial income | 752/9 | €963,550 | €917,046 | -€46,504 | -4.8% |
| Financial charges | 65/66B | €1,103,444 | €1,161,615 | +€58,171 | +5.3% |
| Recurring financial charges | 65 | €1,103,444 | €1,161,615 | +€58,171 | +5.3% |
| Debt charges | 650 | €51,664 | €77,382 | +€25,718 | +49.8% |
| Other financial charges | 652/9 | €1,051,780 | €1,084,233 | +€32,453 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €1,160,596 | €2,219,728 | +€1.1m | +91.3% |
| Income taxes | 67/77 | €361,422 | €616,387 | +€254,965 | +70.5% |
| Taxes | 670/3 | €361,422 | €616,387 | +€254,965 | +70.5% |
| Profit (loss) for the period | 9904 | €799,174 | €1,603,341 | +€804,168 | +100.6% |
| Profit (loss) for the period to be appropriated | 9905 | €799,174 | €1,603,341 | +€804,168 | +100.6% |
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.