BEGOMAT: 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.
BEGOMAT
Largest movements
- Tangible fixed assets +€173,389
up €173,389 (+21.8%), from €793,557 to €966,946
of which Plant, machinery and equipment: +€173,935
- Receivables within one year +€64,168
up €64,168 (+1240.7%), from €5,172 to €69,340
of which Trade receivables: +€64,029
- Cash -€53,458
down €53,458 (-38.7%), from €138,161 to €84,703
mainly Investment in fixed assets (net) (-€181,074) and Receivables within one year (-€64,168)
- Debts after one year +€86,111
up €86,111 (+29.1%), from €296,296 to €382,407
- Current portion of long-term debt +€51,667
new in 2025: €51,667
- Profit (loss) carried forward +€32,783
up €32,783, from -€32,783 to €0
- Accrued charges and deferred income +€25,507
up €25,507 (+85.3%), from €29,899 to €55,406
- Reserves -€14,255
down €14,255 (-99.4%), from €14,346 to €91
- Gross operating margin +€20,727
up €20,727 (+47.3%), from €43,792 to €64,519
- Depreciation +€7,139
up €7,139 (+1306.7%), from €546 to €7,685
- Financial charges +€4,806
up €4,806 (+16.0%), from €30,027 to €34,833
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 | €1,024,390 | €1,208,489 | +€184,099 | +18.0% |
| Fixed assets | 21/28 | €793,557 | €966,946 | +€173,389 | +21.8% |
| Tangible fixed assets | 22/27 | €793,557 | €966,946 | +€173,389 | +21.8% |
| Land and buildings | 22 | €793,557 | €793,011 | -€546 | -0.1% |
| Plant, machinery and equipment | 23 | - | €173,935 | +€173,935 | |
| Current assets | 29/58 | €230,833 | €241,544 | +€10,711 | +4.6% |
| Stocks and contracts in progress | 3 | €87,500 | €87,500 | = | 0.0% |
| Stocks | 30/36 | €87,500 | €87,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,172 | €69,340 | +€64,168 | +1240.7% |
| Trade receivables | 40 | €5,105 | €69,134 | +€64,029 | +1254.3% |
| Other amounts receivable | 41 | €67 | €206 | +€139 | +206.9% |
| Cash at bank and in hand | 54/58 | €138,161 | €84,703 | -€53,458 | -38.7% |
| Total equity and liabilities | 10/49 | €1,024,390 | €1,208,489 | +€184,099 | +18.0% |
| Equity | 10/15 | €539,963 | €558,491 | +€18,528 | +3.4% |
| Contributions | 10/11 | €558,400 | €558,400 | = | 0.0% |
| Reserves | 13 | €14,346 | €91 | -€14,255 | -99.4% |
| Distributable reserves | 133 | €14,346 | €91 | -€14,255 | -99.4% |
| Profit (loss) carried forward | 14 | -€32,783 | €0 | +€32,783 | |
| Provisions and deferred taxes | 16 | €10,304 | €10,304 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,304 | €10,304 | = | 0.0% |
| Pensions and similar obligations | 160 | €10,304 | €10,304 | = | 0.0% |
| Amounts payable | 17/49 | €474,123 | €639,694 | +€165,571 | +34.9% |
| Amounts payable after more than one year | 17 | €296,296 | €382,407 | +€86,111 | +29.1% |
| Financial debts | 170/4 | €296,296 | €382,407 | +€86,111 | +29.1% |
| Amounts payable within one year | 42/48 | €147,928 | €201,881 | +€53,953 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | - | €51,667 | +€51,667 | |
| Trade debts | 44 | €3,744 | €3,833 | +€90 | +2.4% |
| Suppliers | 440/4 | €3,744 | €3,833 | +€90 | +2.4% |
| Taxes, remuneration and social security | 45 | €4,642 | €6,838 | +€2,196 | +47.3% |
| Taxes | 450/3 | €4,642 | €6,838 | +€2,196 | +47.3% |
| Other amounts payable | 47/48 | €139,543 | €139,543 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €29,899 | €55,406 | +€25,507 | +85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €546 | €7,685 | +€7,139 | +1306.7% |
| Other operating charges | 640/8 | €4,055 | €4,174 | +€119 | +2.9% |
| Gross operating margin | 9900 | €43,792 | €64,519 | +€20,727 | +47.3% |
| Operating profit (loss) | 9901 | €39,190 | €52,660 | +€13,470 | +34.4% |
| Financial income | 75/76B | €278 | €701 | +€423 | +152.5% |
| Recurring financial income | 75 | €278 | €701 | +€423 | +152.5% |
| Financial charges | 65/66B | €30,027 | €34,833 | +€4,806 | +16.0% |
| Recurring financial charges | 65 | €30,027 | €34,833 | +€4,806 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €9,441 | €18,528 | +€9,087 | +96.3% |
| Profit (loss) for the period | 9904 | €9,441 | €18,528 | +€9,087 | +96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,441 | €18,528 | +€9,087 | +96.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.