Beghinvest: 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.
Beghinvest
Largest movements
- Current investments -€130,000
no longer reported in 2025 (was €130,000)
- Cash +€76,513
up €76,513 (+137%), from €55,662 to €132,174
mainly Current investments (+€130,000) and Receivables within one year (+€30,942)
- Receivables within one year -€30,942
down €30,942 (-58.4%), from €53,017 to €22,075
of which Other amounts receivable: -€27,263
- Financial fixed assets +€12,600
up €12,600 (+150%), from €8,400 to €21,000
- Profit (loss) carried forward -€58,970
down €58,970 (-26.1%), from €226,138 to €167,168
- Trade debts -€11,476
down €11,476 (-92.2%), from €12,444 to €967
- Financial income -€99,912
down €99,912 (-98.3%), from €101,615 to €1,703
- Gross operating margin -€59,000
down €59,000 (-79.2%), from €74,460 to €15,460
- Taxes -€9,863
down €9,863 (-61.6%), from €16,003 to €6,140
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 | €250,069 | €178,763 | -€71,306 | -28.5% |
| Fixed assets | 21/28 | €11,391 | €24,514 | +€13,123 | +115% |
| Tangible fixed assets | 22/27 | €2,991 | €3,514 | +€523 | +17.5% |
| Plant, machinery and equipment | 23 | €675 | €1,669 | +€995 | +147% |
| Furniture and vehicles | 24 | €2,316 | €1,845 | -€471 | -20.4% |
| Financial fixed assets | 28 | €8,400 | €21,000 | +€12,600 | +150% |
| Current assets | 29/58 | €238,678 | €154,249 | -€84,429 | -35.4% |
| Amounts receivable within one year | 40/41 | €53,017 | €22,075 | -€30,942 | -58.4% |
| Trade receivables | 40 | €9,893 | €6,215 | -€3,679 | -37.2% |
| Other amounts receivable | 41 | €43,123 | €15,860 | -€27,263 | -63.2% |
| Current investments | 50/53 | €130,000 | - | -€130,000 | |
| Cash at bank and in hand | 54/58 | €55,662 | €132,174 | +€76,513 | +137% |
| Total equity and liabilities | 10/49 | €250,069 | €178,763 | -€71,306 | -28.5% |
| Equity | 10/15 | €230,138 | €171,168 | -€58,970 | -25.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,138 | €167,168 | -€58,970 | -26.1% |
| Amounts payable | 17/49 | €19,931 | €7,595 | -€12,336 | -61.9% |
| Amounts payable within one year | 42/48 | €19,931 | €7,595 | -€12,336 | -61.9% |
| Trade debts | 44 | €12,444 | €967 | -€11,476 | -92.2% |
| Suppliers | 440/4 | €12,444 | €967 | -€11,476 | -92.2% |
| Taxes, remuneration and social security | 45 | €6,800 | €6,073 | -€727 | -10.7% |
| Taxes | 450/3 | €6,800 | €6,073 | -€727 | -10.7% |
| Other amounts payable | 47/48 | €687 | €554 | -€133 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | €786 | +€503 | +178% |
| Other operating charges | 640/8 | €361 | €433 | +€72 | +20.0% |
| Gross operating margin | 9900 | €74,460 | €15,460 | -€59,000 | -79.2% |
| Operating profit (loss) | 9901 | €73,816 | €14,241 | -€59,576 | -80.7% |
| Financial income | 75/76B | €101,615 | €1,703 | -€99,912 | -98.3% |
| Recurring financial income | 75 | €101,615 | €1,703 | -€99,912 | -98.3% |
| Financial charges | 65/66B | €818 | €387 | -€431 | -52.7% |
| Recurring financial charges | 65 | €818 | €387 | -€431 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €174,613 | €15,557 | -€159,056 | -91.1% |
| Income taxes | 67/77 | €16,003 | €6,140 | -€9,863 | -61.6% |
| Profit (loss) for the period | 9904 | €158,610 | €9,417 | -€149,193 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €158,610 | €9,417 | -€149,193 | -94.1% |
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.