BEGONIA: 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.
BEGONIA
Largest movements
- Tangible fixed assets -€1.4m
no longer reported in 2025 (was €1.4m)
of which Assets under construction and advance payments: -€1.3m
- Cash +€139,549
up €139,549 (+15807.4%), from €883 to €140,432
mainly Investment in fixed assets (net) (+€1.4m) and Net result for the year (+€789,223)
- Other debts -€639,797
down €639,797 (-97.2%), from €658,306 to €18,510
- Debts after one year -€481,990
no longer reported in 2025 (was €481,990)
- Trade debts -€138,442
down €138,442 (-95.2%), from €145,364 to €6,922
- Accrued charges and deferred income -€22,630
no longer reported in 2025 (was €22,630)
- Tax, wage and social debts +€15,357
up €15,357 (+538.6%), from €2,851 to €18,208
- Gross operating margin +€657,287
up €657,287 (+163.7%), from €401,637 to €1.1m
- Taxes +€178,223
up €178,223 (+210.0%), from €84,851 to €263,074
- Financial charges -€22,537
down €22,537 (-98.9%), from €22,791 to €255
- Depreciation -€16,315
no longer reported in 2025 (was €16,315)
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 | €1,405,217 | €140,939 | -€1.3m | -90.0% |
| Fixed assets | 21/28 | €1,396,219 | - | -€1.4m | |
| Tangible fixed assets | 22/27 | €1,396,219 | - | -€1.4m | |
| Land and buildings | 22 | €124,119 | - | -€124,119 | |
| Assets under construction and advance payments | 27 | €1,272,100 | - | -€1.3m | |
| Current assets | 29/58 | €8,998 | €140,939 | +€131,941 | +1466.3% |
| Amounts receivable within one year | 40/41 | €6,765 | - | -€6,765 | |
| Other amounts receivable | 41 | €6,765 | - | -€6,765 | |
| Cash at bank and in hand | 54/58 | €883 | €140,432 | +€139,549 | +15807.4% |
| Deferred charges and accrued income | 490/1 | €1,350 | €507 | -€843 | -62.4% |
| Total equity and liabilities | 10/49 | €1,405,217 | €140,939 | -€1.3m | -90.0% |
| Equity | 10/15 | €94,076 | €97,299 | +€3,223 | +3.4% |
| Contributions | 10/11 | €85,523 | €85,523 | = | 0.0% |
| Capital | 10 | €85,523 | €85,523 | = | 0.0% |
| Issued capital | 100 | €85,523 | €85,523 | = | 0.0% |
| Reserves | 13 | €8,552 | €11,776 | +€3,223 | +37.7% |
| Non-distributable reserves | 130/1 | €8,552 | €8,552 | = | 0.0% |
| Legal reserve | 130 | €8,552 | €8,552 | = | 0.0% |
| Distributable reserves | 133 | - | €3,223 | +€3,223 | |
| Amounts payable | 17/49 | €1,311,142 | €43,640 | -€1.3m | -96.7% |
| Amounts payable after more than one year | 17 | €481,990 | - | -€481,990 | |
| Other amounts payable | 178/9 | €481,990 | - | -€481,990 | |
| Amounts payable within one year | 42/48 | €806,521 | €43,640 | -€762,881 | -94.6% |
| Trade debts | 44 | €145,364 | €6,922 | -€138,442 | -95.2% |
| Suppliers | 440/4 | €145,364 | €6,922 | -€138,442 | -95.2% |
| Taxes, remuneration and social security | 45 | €2,851 | €18,208 | +€15,357 | +538.6% |
| Taxes | 450/3 | €2,851 | €18,208 | +€15,357 | +538.6% |
| Other amounts payable | 47/48 | €658,306 | €18,510 | -€639,797 | -97.2% |
| Accrued charges and deferred income | 492/3 | €22,630 | - | -€22,630 | |
| Non-recurring operating income | 76A | €423,736 | €1,022,328 | +€598,593 | +141.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,315 | - | -€16,315 | |
| Other operating charges | 640/8 | €13,531 | €8,068 | -€5,464 | -40.4% |
| Gross operating margin | 9900 | €401,637 | €1,058,924 | +€657,287 | +163.7% |
| Operating profit (loss) | 9901 | €371,791 | €1,050,856 | +€679,066 | +182.6% |
| Financial income | 75/76B | €816 | €1,696 | +€880 | +107.8% |
| Recurring financial income | 75 | €816 | €1,696 | +€880 | +107.8% |
| Financial charges | 65/66B | €22,791 | €255 | -€22,537 | -98.9% |
| Recurring financial charges | 65 | €22,791 | €255 | -€22,537 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | €349,816 | €1,052,298 | +€702,482 | +200.8% |
| Income taxes | 67/77 | €84,851 | €263,074 | +€178,223 | +210.0% |
| Profit (loss) for the period | 9904 | €264,964 | €789,223 | +€524,259 | +197.9% |
| Profit (loss) for the period to be appropriated | 9905 | €264,964 | €789,223 | +€524,259 | +197.9% |
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 29 September 2026 via checked.be.