BEGT EBM: 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.
BEGT EBM
Largest movements
- Cash -€53,217
down €53,217 (-22.6%), from €235,051 to €181,834
mainly Contributions, distributions and other (-€213,016) and Tax, wage and social debts (-€11,485)
- Receivables within one year +€3,611
up €3,611 (+14.7%), from €24,529 to €28,140
of which Trade receivables: +€2,471
- Reserves -€111,337
down €111,337 (-52.3%), from €213,016 to €101,679
- Other debts +€53,498
up €53,498 (+8,586%), from €623 to €54,121
- Short-term financial debts +€17,329
new in 2025: €17,329
- Tax, wage and social debts -€11,485
down €11,485 (-23.5%), from €48,968 to €37,483
- Financial income -€2,871
down €2,871 (-100%), from €2,871 to €0
- Gross operating margin -€2,630
down €2,630 (-1.9%), from €137,575 to €134,944
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 | €268,461 | €217,212 | -€51,249 | -19.1% |
| Fixed assets | 21/28 | €5,486 | €4,107 | -€1,379 | -25.1% |
| Tangible fixed assets | 22/27 | €5,486 | €4,107 | -€1,379 | -25.1% |
| Plant, machinery and equipment | 23 | €2,098 | €1,589 | -€510 | -24.3% |
| Furniture and vehicles | 24 | €3,388 | €2,519 | -€869 | -25.7% |
| Current assets | 29/58 | €262,975 | €213,104 | -€49,870 | -19.0% |
| Amounts receivable within one year | 40/41 | €24,529 | €28,140 | +€3,611 | +14.7% |
| Trade receivables | 40 | €24,529 | €27,000 | +€2,471 | +10.1% |
| Other amounts receivable | 41 | - | €1,140 | +€1,140 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €235,051 | €181,834 | -€53,217 | -22.6% |
| Deferred charges and accrued income | 490/1 | €3,395 | €3,131 | -€264 | -7.8% |
| Total equity and liabilities | 10/49 | €268,461 | €217,212 | -€51,249 | -19.1% |
| Equity | 10/15 | €216,016 | €104,679 | -€111,337 | -51.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €213,016 | €101,679 | -€111,337 | -52.3% |
| Distributable reserves | 133 | €213,016 | €101,679 | -€111,337 | -52.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €52,445 | €112,532 | +€60,088 | +115% |
| Amounts payable within one year | 42/48 | €52,445 | €112,532 | +€60,088 | +115% |
| Financial debts | 43 | - | €17,329 | +€17,329 | |
| Credit institutions | 430/8 | - | €17,329 | +€17,329 | |
| Trade debts | 44 | €2,854 | €3,600 | +€746 | +26.2% |
| Suppliers | 440/4 | €2,854 | €3,600 | +€746 | +26.2% |
| Taxes, remuneration and social security | 45 | €48,968 | €37,483 | -€11,485 | -23.5% |
| Taxes | 450/3 | €48,968 | €37,483 | -€11,485 | -23.5% |
| Other amounts payable | 47/48 | €623 | €54,121 | +€53,498 | +8,586% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690 | €1,379 | +€689 | +99.7% |
| Other operating charges | 640/8 | €1,741 | €824 | -€917 | -52.7% |
| Gross operating margin | 9900 | €137,575 | €134,944 | -€2,630 | -1.9% |
| Operating profit (loss) | 9901 | €135,143 | €132,742 | -€2,401 | -1.8% |
| Financial income | 75/76B | €2,871 | €0 | -€2,871 | -100% |
| Recurring financial income | 75 | €2,871 | €0 | -€2,871 | -100% |
| Financial charges | 65/66B | €1,817 | €2,096 | +€279 | +15.4% |
| Recurring financial charges | 65 | €1,817 | €2,096 | +€279 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €136,197 | €130,646 | -€5,551 | -4.1% |
| Income taxes | 67/77 | €29,512 | €28,967 | -€546 | -1.8% |
| Profit (loss) for the period | 9904 | €106,684 | €101,679 | -€5,005 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €106,684 | €101,679 | -€5,005 | -4.7% |
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 14 October 2026 via checked.be.