BEGOOS: 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
BEGOOS
NACE 82.100, Office administrative and support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.0m
2024 · €638,738+€2.4m
Equity
€65.5m
2024 · €62.5m+€3.0m
Cash
€304,556
2024 · €364,116-€59,560
Balance sheet total
€92.7m
2024 · €90.4m+€2.2m
Largest movements
Assets
- Current investments +€5.8m
up €5.8m (+21.9%), from €26.3m to €32.0m
- Receivables within one year -€3.4m
down €3.4m (-19.6%), from €17.5m to €14.0m
of which Other amounts receivable: -€3.4m
Equity and liabilities
- Profit (loss) carried forward +€3.0m
up €3.0m (+5.6%), from €54.0m to €57.1m
Income statement
- Financial income +€2.4m
up €2.4m (+216.5%), from €1.1m to €3.4m
- Gross operating margin +€511,173
up €511,173 (+31.6%), from €1.6m to €2.1m
- Staff costs +€430,647
up €430,647 (+88.5%), from €486,344 to €916,991
- Financial charges +€22,401
up €22,401 (+1.7%), from €1.3m to €1.4m
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
€638,738
Gross operating margin
+€511,173
Staff costs
-€430,647
Depreciation
-€11,413
Other operating charges
-€56
Financial income
+€2.4m
Financial charges
-€22,401
Taxes
+€427
Result 2025
€3.0m
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
+€6.2m
Investment
-€5.8m
Financing
-€557,464
Cash 2024
€364,116
From operations (derived)
+€6.2m
Net result for the year
+€3.0m
Depreciation
+€26,536
Receivables within one year
+€3.4m
Smaller working-capital items
+€11,427
Tax, wage and social debts
+€68,700
Other debts
-€252,295
Accrued charges and deferred income
-€66,005
Investment (derived)
-€5.8m
Current investments
-€5.8m
Financing
-€557,464
Short-term financial debts
-€557,464
Cash 2025
€304,556
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,432,840 | €92,672,215 | +€2.2m | +2.5% |
| Fixed assets | 21/28 | €46,355,390 | €46,328,855 | -€26,536 | -0.1% |
| Tangible fixed assets | 22/27 | €4,869,563 | €4,843,028 | -€26,536 | -0.5% |
| Land and buildings | 22 | €4,750,853 | €4,750,021 | -€832 | 0.0% |
| Furniture and vehicles | 24 | €118,710 | €93,007 | -€25,704 | -21.7% |
| Financial fixed assets | 28 | €41,485,827 | €41,485,827 | = | 0.0% |
| Current assets | 29/58 | €44,077,450 | €46,343,360 | +€2.3m | +5.1% |
| Amounts receivable within one year | 40/41 | €17,453,968 | €14,035,786 | -€3.4m | -19.6% |
| Trade receivables | 40 | €183,158 | €183,666 | +€508 | +0.3% |
| Other amounts receivable | 41 | €17,270,810 | €13,852,120 | -€3.4m | -19.8% |
| Current investments | 50/53 | €26,250,000 | €32,000,000 | +€5.8m | +21.9% |
| Cash at bank and in hand | 54/58 | €364,116 | €304,556 | -€59,560 | -16.4% |
| Deferred charges and accrued income | 490/1 | €9,366 | €3,018 | -€6,347 | -67.8% |
| Total equity and liabilities | 10/49 | €90,432,840 | €92,672,215 | +€2.2m | +2.5% |
| Equity | 10/15 | €62,470,976 | €65,512,335 | +€3.0m | +4.9% |
| Contributions | 10/11 | €7,700,000 | €7,700,000 | = | 0.0% |
| Reserves | 13 | €757,201 | €757,201 | = | 0.0% |
| Distributable reserves | 133 | €757,201 | €757,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,013,775 | €57,055,134 | +€3.0m | +5.6% |
| Amounts payable | 17/49 | €27,961,864 | €27,159,880 | -€801,984 | -2.9% |
| Amounts payable within one year | 42/48 | €27,888,151 | €27,152,172 | -€735,979 | -2.6% |
| Financial debts | 43 | €4,812,783 | €4,255,319 | -€557,464 | -11.6% |
| Credit institutions | 430/8 | €4,812,783 | €4,255,319 | -€557,464 | -11.6% |
| Trade debts | 44 | €63,964 | €69,044 | +€5,079 | +7.9% |
| Suppliers | 440/4 | €63,964 | €69,044 | +€5,079 | +7.9% |
| Taxes, remuneration and social security | 45 | €158,299 | €226,999 | +€68,700 | +43.4% |
| Taxes | 450/3 | €56,340 | €57,978 | +€1,638 | +2.9% |
| Remuneration and social security | 454/9 | €101,959 | €169,022 | +€67,062 | +65.8% |
| Other amounts payable | 47/48 | €22,853,105 | €22,600,810 | -€252,295 | -1.1% |
| Accrued charges and deferred income | 492/3 | €73,713 | €7,708 | -€66,005 | -89.5% |
| Non-recurring operating income | 76A | €76,357 | - | -€76,357 | |
| Remuneration, social security and pensions | 62 | €486,344 | €916,991 | +€430,647 | +88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,122 | €26,536 | +€11,413 | +75.5% |
| Other operating charges | 640/8 | €31,300 | €31,356 | +€56 | +0.2% |
| Gross operating margin | 9900 | €1,617,711 | €2,128,884 | +€511,173 | +31.6% |
| Operating profit (loss) | 9901 | €1,084,945 | €1,154,001 | +€69,057 | +6.4% |
| Financial income | 75/76B | €1,088,118 | €3,443,656 | +€2.4m | +216.5% |
| Recurring financial income | 75 | €1,088,118 | €3,443,656 | +€2.4m | +216.5% |
| Financial charges | 65/66B | €1,347,508 | €1,369,908 | +€22,401 | +1.7% |
| Recurring financial charges | 65 | €1,347,508 | €1,369,908 | +€22,401 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €825,555 | €3,227,749 | +€2.4m | +291.0% |
| Income taxes | 67/77 | €186,817 | €186,390 | -€427 | -0.2% |
| Profit (loss) for the period | 9904 | €638,738 | €3,041,359 | +€2.4m | +376.2% |
| Profit (loss) for the period to be appropriated | 9905 | €638,738 | €3,041,359 | +€2.4m | +376.2% |
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 3 October 2026 via checked.be.