BEJUGU: 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.
BEJUGU
Largest movements
- Tangible fixed assets -€123,380
down €123,380 (-19.4%), from €635,044 to €511,664
of which Land and buildings: -€126,640
- Cash +€76,129
up €76,129 (+179.7%), from €42,376 to €118,505
mainly Investment in fixed assets (net) (+€120,363) and Net result for the year (+€51,977)
- Receivables within one year -€28,850
down €28,850 (-97.8%), from €29,500 to €650
of which Trade receivables: -€29,057
- Deferred charges and accrued income +€15,394
up €15,394, from €0 to €15,394
- Financial fixed assets -€9,000
down €9,000 (-90.0%), from €10,000 to €1,000
- Short-term financial debts -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Reserves +€51,977
up €51,977 (+26.4%), from €197,248 to €249,226
of which Distributable reserves: +€51,977
- Debts after one year -€25,975
down €25,975 (-32.4%), from €80,154 to €54,180
of which Financial debts: -€25,975
- Gross operating margin +€65,958
up €65,958 (+110.0%), from €59,969 to €125,927
- Financial charges +€21,287
up €21,287 (+116.4%), from €18,285 to €39,572
- Taxes +€12,840
up €12,840 (+184.7%), from €6,952 to €19,792
- Depreciation -€1,638
down €1,638 (-12.0%), from €13,655 to €12,017
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 | €791,920 | €717,214 | -€74,706 | -9.4% |
| Fixed assets | 21/28 | €645,044 | €512,664 | -€132,380 | -20.5% |
| Tangible fixed assets | 22/27 | €635,044 | €511,664 | -€123,380 | -19.4% |
| Land and buildings | 22 | €635,044 | €508,404 | -€126,640 | -19.9% |
| Plant, machinery and equipment | 23 | - | €3,260 | +€3,260 | |
| Financial fixed assets | 28 | €10,000 | €1,000 | -€9,000 | -90.0% |
| Current assets | 29/58 | €146,876 | €204,550 | +€57,674 | +39.3% |
| Amounts receivable after more than one year | 29 | €75,000 | €70,000 | -€5,000 | -6.7% |
| Other amounts receivable | 291 | €75,000 | €70,000 | -€5,000 | -6.7% |
| Amounts receivable within one year | 40/41 | €29,500 | €650 | -€28,850 | -97.8% |
| Trade receivables | 40 | €29,500 | €443 | -€29,057 | -98.5% |
| Other amounts receivable | 41 | €0 | €208 | +€208 | |
| Cash at bank and in hand | 54/58 | €42,376 | €118,505 | +€76,129 | +179.7% |
| Deferred charges and accrued income | 490/1 | €0 | €15,394 | +€15,394 | |
| Total equity and liabilities | 10/49 | €791,920 | €717,214 | -€74,706 | -9.4% |
| Equity | 10/15 | €337,248 | €389,226 | +€51,977 | +15.4% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €197,248 | €249,226 | +€51,977 | +26.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €197,248 | €249,226 | +€51,977 | +26.4% |
| Amounts payable | 17/49 | €454,672 | €327,989 | -€126,683 | -27.9% |
| Amounts payable after more than one year | 17 | €80,154 | €54,180 | -€25,975 | -32.4% |
| Financial debts | 170/4 | €78,154 | €52,180 | -€25,975 | -33.2% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €373,947 | €272,669 | -€101,278 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €32,854 | €25,975 | -€6,879 | -20.9% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100.0% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100.0% |
| Trade debts | 44 | €772 | €0 | -€772 | -100.0% |
| Suppliers | 440/4 | €772 | €0 | -€772 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,491 | €7,194 | -€296 | -4.0% |
| Taxes | 450/3 | €7,491 | €7,194 | -€296 | -4.0% |
| Other amounts payable | 47/48 | €232,831 | €239,500 | +€6,669 | +2.9% |
| Accrued charges and deferred income | 492/3 | €570 | €1,140 | +€570 | +100.0% |
| Non-recurring operating income | 76A | - | €82,034 | +€82,034 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,655 | €12,017 | -€1,638 | -12.0% |
| Other operating charges | 640/8 | €2,544 | €2,580 | +€36 | +1.4% |
| Gross operating margin | 9900 | €59,969 | €125,927 | +€65,958 | +110.0% |
| Operating profit (loss) | 9901 | €43,770 | €111,331 | +€67,561 | +154.4% |
| Financial income | 75/76B | €6 | €11 | +€5 | +72.3% |
| Recurring financial income | 75 | €6 | €11 | +€5 | +72.3% |
| Financial charges | 65/66B | €18,285 | €39,572 | +€21,287 | +116.4% |
| Recurring financial charges | 65 | €18,285 | €39,572 | +€21,287 | +116.4% |
| Profit (loss) for the period before taxes | 9903 | €25,491 | €71,770 | +€46,278 | +181.5% |
| Income taxes | 67/77 | €6,952 | €19,792 | +€12,840 | +184.7% |
| Profit (loss) for the period | 9904 | €18,539 | €51,977 | +€33,438 | +180.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,539 | €51,977 | +€33,438 | +180.4% |
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 3 October 2026 via checked.be.