BEGUM: 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.
BEGUM
Largest movements
- Cash -€46,239
down €46,239 (-83.9%), from €55,082 to €8,844
mainly Other debts (-€20,932) and Current investments (-€20,000)
- Current investments +€20,000
new in 2025: €20,000
- Tangible fixed assets -€1,711
down €1,711 (-2.9%), from €59,309 to €57,597
of which Furniture and vehicles: -€1,543
- Other debts -€20,932
no longer reported in 2025 (was €20,932)
- Profit (loss) carried forward -€5,225
down €5,225 (-13.4%), from €38,985 to €33,760
- Trade debts -€1,915
no longer reported in 2025 (was €1,915)
- Financial income -€2,931
down €2,931 (-92.3%), from €3,175 to €244
- Gross operating margin -€1,223
down €1,223 (-28,179%), from -€4 to -€1,227
- Other operating charges -€21
down €21 (-0.8%), from €2,521 to €2,500
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 | €121,664 | €93,592 | -€28,072 | -23.1% |
| Fixed assets | 21/28 | €59,314 | €57,602 | -€1,711 | -2.9% |
| Tangible fixed assets | 22/27 | €59,309 | €57,597 | -€1,711 | -2.9% |
| Land and buildings | 22 | €56,682 | €56,514 | -€169 | -0.3% |
| Furniture and vehicles | 24 | €2,627 | €1,084 | -€1,543 | -58.7% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €62,350 | €35,990 | -€26,360 | -42.3% |
| Amounts receivable within one year | 40/41 | €3,268 | €3,146 | -€122 | -3.7% |
| Other amounts receivable | 41 | €3,268 | €3,146 | -€122 | -3.7% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €55,082 | €8,844 | -€46,239 | -83.9% |
| Deferred charges and accrued income | 490/1 | €4,000 | €4,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €121,664 | €93,592 | -€28,072 | -23.1% |
| Equity | 10/15 | €98,817 | €93,592 | -€5,225 | -5.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €41,283 | €41,283 | = | 0.0% |
| Distributable reserves | 133 | €41,283 | €41,283 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,985 | €33,760 | -€5,225 | -13.4% |
| Amounts payable | 17/49 | €22,846 | - | -€22,846 | |
| Amounts payable within one year | 42/48 | €22,846 | - | -€22,846 | |
| Trade debts | 44 | €1,915 | - | -€1,915 | |
| Suppliers | 440/4 | €1,915 | - | -€1,915 | |
| Other amounts payable | 47/48 | €20,932 | - | -€20,932 | |
| Non-recurring operating income | 76A | €1,114 | - | -€1,114 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €926 | €926 | = | 0.0% |
| Other operating charges | 640/8 | €2,521 | €2,500 | -€21 | -0.8% |
| Non-recurring operating charges | 66A | - | €785 | +€785 | |
| Gross operating margin | 9900 | -€4 | -€1,227 | -€1,223 | -28,179% |
| Operating profit (loss) | 9901 | -€3,452 | -€5,439 | -€1,987 | -57.6% |
| Financial income | 75/76B | €3,175 | €244 | -€2,931 | -92.3% |
| Recurring financial income | 75 | €3,175 | €244 | -€2,931 | -92.3% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€306 | -€5,225 | -€4,920 | -1,609% |
| Profit (loss) for the period | 9904 | -€306 | -€5,225 | -€4,920 | -1,609% |
| Profit (loss) for the period to be appropriated | 9905 | -€306 | -€5,225 | -€4,920 | -1,609% |
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 18 October 2026 via checked.be.