BEJO: 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.
BEJO
Largest movements
- Cash -€3.2m
down €3.2m (-96.8%), from €3.3m to €104,198
mainly Current investments (-€2.8m) and Tax, wage and social debts (-€188,360)
- Current investments +€2.8m
new in 2025: €2.8m
- Financial fixed assets +€122,317
up €122,317 (+6.1%), from €2.0m to €2.1m
- Receivables within one year +€101,253
up €101,253 (+301.1%), from €33,625 to €134,877
of which Other amounts receivable: +€99,969
- Tax, wage and social debts -€188,360
down €188,360 (-77.7%), from €242,503 to €54,143
of which Taxes: -€192,832
- Reserves +€76,470
up €76,470 (+1.4%), from €5.3m to €5.4m
- Financial income -€219,566
down €219,566 (-80.4%), from €272,986 to €53,419
of which Financial income: -€231,582
- Taxes -€24,299
down €24,299 (-35.7%), from €68,141 to €43,842
- Gross operating margin -€8,682
down €8,682 (-5.9%), from €148,165 to €139,483
- Depreciation -€5,493
down €5,493 (-27.9%), from €19,671 to €14,178
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 | €5,591,724 | €5,471,872 | -€119,853 | -2.1% |
| Fixed assets | 21/28 | €2,254,441 | €2,415,922 | +€161,481 | +7.2% |
| Tangible fixed assets | 22/27 | €254,441 | €293,605 | +€39,164 | +15.4% |
| Land and buildings | 22 | €228,856 | €228,340 | -€516 | -0.2% |
| Plant, machinery and equipment | 23 | €7,973 | €15,991 | +€8,018 | +100.6% |
| Furniture and vehicles | 24 | €17,454 | €47,829 | +€30,374 | +174.0% |
| Other tangible fixed assets | 26 | €158 | €1,445 | +€1,288 | +817.2% |
| Financial fixed assets | 28 | €2,000,000 | €2,122,317 | +€122,317 | +6.1% |
| Current assets | 29/58 | €3,337,284 | €3,055,950 | -€281,334 | -8.4% |
| Amounts receivable within one year | 40/41 | €33,625 | €134,877 | +€101,253 | +301.1% |
| Trade receivables | 40 | €25,208 | €26,492 | +€1,284 | +5.1% |
| Other amounts receivable | 41 | €8,417 | €108,385 | +€99,969 | +1187.8% |
| Current investments | 50/53 | - | €2,810,619 | +€2.8m | |
| Cash at bank and in hand | 54/58 | €3,296,462 | €104,198 | -€3.2m | -96.8% |
| Deferred charges and accrued income | 490/1 | €7,197 | €6,255 | -€941 | -13.1% |
| Total equity and liabilities | 10/49 | €5,591,724 | €5,471,872 | -€119,853 | -2.1% |
| Equity | 10/15 | €5,337,775 | €5,414,245 | +€76,470 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,319,175 | €5,395,645 | +€76,470 | +1.4% |
| Distributable reserves | 133 | €5,319,175 | €5,395,645 | +€76,470 | +1.4% |
| Amounts payable | 17/49 | €253,950 | €57,627 | -€196,323 | -77.3% |
| Amounts payable within one year | 42/48 | €253,950 | €57,627 | -€196,323 | -77.3% |
| Trade debts | 44 | €5,545 | €3,483 | -€2,062 | -37.2% |
| Suppliers | 440/4 | €5,545 | €3,483 | -€2,062 | -37.2% |
| Taxes, remuneration and social security | 45 | €242,503 | €54,143 | -€188,360 | -77.7% |
| Taxes | 450/3 | €236,468 | €43,636 | -€192,832 | -81.5% |
| Remuneration and social security | 454/9 | €6,035 | €10,507 | +€4,472 | +74.1% |
| Other amounts payable | 47/48 | €5,901 | - | -€5,901 | |
| Remuneration, social security and pensions | 62 | €55,147 | €54,756 | -€392 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,671 | €14,178 | -€5,493 | -27.9% |
| Other operating charges | 640/8 | €3,654 | €3,401 | -€253 | -6.9% |
| Gross operating margin | 9900 | €148,165 | €139,483 | -€8,682 | -5.9% |
| Operating profit (loss) | 9901 | €69,693 | €67,148 | -€2,545 | -3.7% |
| Financial income | 75/76B | €272,986 | €53,419 | -€219,566 | -80.4% |
| Recurring financial income | 75 | €272,611 | €41,029 | -€231,582 | -84.9% |
| Non-recurring financial income | 76B | €375 | €12,390 | +€12,015 | +3205.1% |
| Financial charges | 65/66B | €162 | €255 | +€93 | +57.4% |
| Recurring financial charges | 65 | €162 | €255 | +€93 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | €342,517 | €120,312 | -€222,205 | -64.9% |
| Income taxes | 67/77 | €68,141 | €43,842 | -€24,299 | -35.7% |
| Profit (loss) for the period | 9904 | €274,376 | €76,470 | -€197,905 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €274,376 | €76,470 | -€197,905 | -72.1% |
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 7 October 2026 via checked.be.