BEJU: 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.
BEJU
Largest movements
- Cash -€41,886
down €41,886 (-37.3%), from €112,248 to €70,362
mainly Other debts (-€70,774) and Receivables within one year (-€29,028)
- Receivables within one year +€29,028
up €29,028 (+25.3%), from €114,702 to €143,729
of which Other amounts receivable: +€16,778
- Current investments -€26,667
down €26,667 (-21.3%), from €125,000 to €98,333
- Tangible fixed assets -€11,697
down €11,697 (-16.3%), from €71,941 to €60,244
of which Furniture and vehicles: -€10,399
- Other debts -€70,774
no longer reported in 2025 (was €70,774)
- Trade debts +€16,552
up €16,552 (+310%), from €5,338 to €21,890
- Reserves +€15,413
up €15,413 (+5.4%), from €285,468 to €300,880
of which Distributable reserves: +€15,413
- Debts after one year -€10,682
down €10,682 (-27.4%), from €39,044 to €28,362
- Tax, wage and social debts -€5,100
down €5,100 (-26.1%), from €19,516 to €14,416
of which Taxes: -€2,704
- Gross operating margin +€44,767
up €44,767 (+277%), from €16,177 to €60,944
- Taxes +€11,523
up €11,523 (+496%), from €2,324 to €13,847
- Other operating charges +€7,090
up €7,090 (+765%), from €927 to €8,016
- Financial charges +€6,390
up €6,390 (+148%), from €4,332 to €10,722
- Financial income +€1,373
up €1,373 (+82.1%), from €1,673 to €3,046
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 | €462,713 | €411,020 | -€51,692 | -11.2% |
| Fixed assets | 21/28 | €71,941 | €60,244 | -€11,697 | -16.3% |
| Tangible fixed assets | 22/27 | €71,941 | €60,244 | -€11,697 | -16.3% |
| Plant, machinery and equipment | 23 | €2,749 | €2,247 | -€502 | -18.2% |
| Furniture and vehicles | 24 | €66,054 | €55,655 | -€10,399 | -15.7% |
| Other tangible fixed assets | 26 | €3,138 | €2,342 | -€797 | -25.4% |
| Current assets | 29/58 | €390,772 | €350,777 | -€39,995 | -10.2% |
| Amounts receivable after more than one year | 29 | €22,078 | €22,078 | = | 0.0% |
| Other amounts receivable | 291 | €22,078 | €22,078 | = | 0.0% |
| Stocks and contracts in progress | 3 | €14,850 | €14,850 | = | 0.0% |
| Stocks | 30/36 | €14,850 | €14,850 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €114,702 | €143,729 | +€29,028 | +25.3% |
| Trade receivables | 40 | €18,755 | €31,004 | +€12,249 | +65.3% |
| Other amounts receivable | 41 | €95,947 | €112,725 | +€16,778 | +17.5% |
| Current investments | 50/53 | €125,000 | €98,333 | -€26,667 | -21.3% |
| Cash at bank and in hand | 54/58 | €112,248 | €70,362 | -€41,886 | -37.3% |
| Deferred charges and accrued income | 490/1 | €1,894 | €1,424 | -€470 | -24.8% |
| Total equity and liabilities | 10/49 | €462,713 | €411,020 | -€51,692 | -11.2% |
| Equity | 10/15 | €295,859 | €314,380 | +€18,521 | +6.3% |
| Contributions | 10/11 | €13,500 | €13,500 | = | 0.0% |
| Reserves | 13 | €285,468 | €300,880 | +€15,413 | +5.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €283,613 | €299,025 | +€15,413 | +5.4% |
| Profit (loss) carried forward | 14 | -€3,109 | - | +€3,109 | |
| Amounts payable | 17/49 | €166,854 | €96,640 | -€70,214 | -42.1% |
| Amounts payable after more than one year | 17 | €39,044 | €28,362 | -€10,682 | -27.4% |
| Financial debts | 170/4 | €39,044 | €28,362 | -€10,682 | -27.4% |
| Amounts payable within one year | 42/48 | €127,810 | €68,278 | -€59,532 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | €10,520 | €10,682 | +€162 | +1.5% |
| Financial debts | 43 | €21,662 | €21,291 | -€371 | -1.7% |
| Credit institutions | 430/8 | €21,662 | €21,291 | -€371 | -1.7% |
| Trade debts | 44 | €5,338 | €21,890 | +€16,552 | +310% |
| Suppliers | 440/4 | €5,338 | €21,890 | +€16,552 | +310% |
| Taxes, remuneration and social security | 45 | €19,516 | €14,416 | -€5,100 | -26.1% |
| Taxes | 450/3 | €17,120 | €14,416 | -€2,704 | -15.8% |
| Remuneration and social security | 454/9 | €2,397 | - | -€2,397 | |
| Other amounts payable | 47/48 | €70,774 | - | -€70,774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,376 | €12,883 | -€493 | -3.7% |
| Other operating charges | 640/8 | €927 | €8,016 | +€7,090 | +765% |
| Gross operating margin | 9900 | €16,177 | €60,944 | +€44,767 | +277% |
| Operating profit (loss) | 9901 | €1,874 | €40,045 | +€38,170 | +2,037% |
| Financial income | 75/76B | €1,673 | €3,046 | +€1,373 | +82.1% |
| Recurring financial income | 75 | €1,673 | €3,046 | +€1,373 | +82.1% |
| Financial charges | 65/66B | €4,332 | €10,722 | +€6,390 | +148% |
| Recurring financial charges | 65 | €4,332 | €10,722 | +€6,390 | +148% |
| Profit (loss) for the period before taxes | 9903 | -€785 | €32,368 | +€33,153 | |
| Income taxes | 67/77 | €2,324 | €13,847 | +€11,523 | +496% |
| Profit (loss) for the period | 9904 | -€3,109 | €18,521 | +€21,630 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,109 | €18,521 | +€21,630 |
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 15 October 2026 via checked.be.