BEJOR: 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.
BEJOR
Largest movements
- Receivables within one year +€26,514
up €26,514 (+139.4%), from €19,020 to €45,533
of which Trade receivables: +€37,458
- Deferred charges and accrued income +€19,983
up €19,983 (+3643.3%), from €549 to €20,532
- Cash -€5,121
down €5,121 (-6.2%), from €82,604 to €77,483
mainly Receivables within one year (-€26,514) and Contributions, distributions and other (-€23,247)
- Trade debts +€38,796
up €38,796 (+222.6%), from €17,427 to €56,223
- Tax, wage and social debts +€8,432
up €8,432 (+98.1%), from €8,592 to €17,024
- Other debts -€4,710
down €4,710 (-16.2%), from €29,134 to €24,424
- Debts after one year +€4,161
up €4,161 (+10.9%), from €38,181 to €42,343
- Reserves -€3,804
down €3,804 (-7.4%), from €51,432 to €47,627
of which Distributable reserves: -€3,804
- Depreciation -€4,454
down €4,454 (-19.4%), from €23,013 to €18,559
- Gross operating margin +€1,846
up €1,846 (+3.9%), from €47,007 to €48,854
- Other operating charges +€1,566
up €1,566 (+113.8%), from €1,376 to €2,943
- Financial charges +€993
up €993 (+90.3%), from €1,100 to €2,094
- Financial income +€801
up €801 (+74.3%), from €1,078 to €1,879
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 | €236,228 | €278,939 | +€42,711 | +18.1% |
| Fixed assets | 21/28 | €57,934 | €59,594 | +€1,659 | +2.9% |
| Tangible fixed assets | 22/27 | €57,934 | €59,494 | +€1,559 | +2.7% |
| Plant, machinery and equipment | 23 | €4,712 | €22,029 | +€17,316 | +367.5% |
| Furniture and vehicles | 24 | €6,298 | €448 | -€5,850 | -92.9% |
| Other tangible fixed assets | 26 | €46,924 | €37,017 | -€9,907 | -21.1% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €178,294 | €219,345 | +€41,052 | +23.0% |
| Stocks and contracts in progress | 3 | €76,122 | €75,798 | -€324 | -0.4% |
| Stocks | 30/36 | €76,122 | €75,798 | -€324 | -0.4% |
| Amounts receivable within one year | 40/41 | €19,020 | €45,533 | +€26,514 | +139.4% |
| Trade receivables | 40 | €5,853 | €43,311 | +€37,458 | +640.0% |
| Other amounts receivable | 41 | €13,167 | €2,222 | -€10,945 | -83.1% |
| Cash at bank and in hand | 54/58 | €82,604 | €77,483 | -€5,121 | -6.2% |
| Deferred charges and accrued income | 490/1 | €549 | €20,532 | +€19,983 | +3643.3% |
| Total equity and liabilities | 10/49 | €236,228 | €278,939 | +€42,711 | +18.1% |
| Equity | 10/15 | €126,759 | €122,955 | -€3,804 | -3.0% |
| Contributions | 10/11 | €64,462 | €64,462 | = | 0.0% |
| Capital | 10 | €64,462 | €64,462 | = | 0.0% |
| Issued capital | 100 | €64,462 | €64,462 | = | 0.0% |
| Reserves | 13 | €51,432 | €47,627 | -€3,804 | -7.4% |
| Non-distributable reserves | 130/1 | €4,220 | €4,220 | = | 0.0% |
| Legal reserve | 130 | €4,220 | €4,220 | = | 0.0% |
| Distributable reserves | 133 | €47,212 | €43,408 | -€3,804 | -8.1% |
| Profit (loss) carried forward | 14 | €10,866 | €10,866 | = | 0.0% |
| Amounts payable | 17/49 | €109,469 | €155,984 | +€46,516 | +42.5% |
| Amounts payable after more than one year | 17 | €38,181 | €42,343 | +€4,161 | +10.9% |
| Financial debts | 170/4 | €38,181 | €42,343 | +€4,161 | +10.9% |
| Amounts payable within one year | 42/48 | €71,287 | €113,641 | +€42,354 | +59.4% |
| Current portion of amounts payable after more than one year | 42 | €16,134 | €15,971 | -€163 | -1.0% |
| Trade debts | 44 | €17,427 | €56,223 | +€38,796 | +222.6% |
| Suppliers | 440/4 | €17,427 | €56,223 | +€38,796 | +222.6% |
| Taxes, remuneration and social security | 45 | €8,592 | €17,024 | +€8,432 | +98.1% |
| Taxes | 450/3 | €8,592 | €17,024 | +€8,432 | +98.1% |
| Other amounts payable | 47/48 | €29,134 | €24,424 | -€4,710 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,013 | €18,559 | -€4,454 | -19.4% |
| Other operating charges | 640/8 | €1,376 | €2,943 | +€1,566 | +113.8% |
| Gross operating margin | 9900 | €47,007 | €48,854 | +€1,846 | +3.9% |
| Operating profit (loss) | 9901 | €22,618 | €27,352 | +€4,734 | +20.9% |
| Financial income | 75/76B | €1,078 | €1,879 | +€801 | +74.3% |
| Recurring financial income | 75 | €1,078 | €1,879 | +€801 | +74.3% |
| Financial charges | 65/66B | €1,100 | €2,094 | +€993 | +90.3% |
| Recurring financial charges | 65 | €1,100 | €2,094 | +€993 | +90.3% |
| Profit (loss) for the period before taxes | 9903 | €22,595 | €27,137 | +€4,542 | +20.1% |
| Income taxes | 67/77 | €8,113 | €7,694 | -€419 | -5.2% |
| Profit (loss) for the period | 9904 | €14,482 | €19,443 | +€4,961 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,482 | €19,443 | +€4,961 | +34.3% |
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 11 October 2026 via checked.be.