BEKADE: 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.
What changed
BEKADE
NACE 68.321, Property management for co-owned buildings (syndics)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€56,858
2024 · -€145,982+€202,840
Equity
€5.4m
2024 · €5.3m+€56,858
Cash
€13,355
2024 · €23,820-€10,465
Balance sheet total
€7.5m
2024 · €6.7m+€733,692
Largest movements
Assets
- Tangible fixed assets +€738,376
up €738,376 (+11.3%), from €6.6m to €7.3m
of which Land and buildings: +€756,460
Equity and liabilities
- Debts after one year +€619,264
up €619,264 (+54.7%), from €1.1m to €1.8m
of which Financial debts: +€621,967
- Trade debts +€85,955
up €85,955 (+363.7%), from €23,636 to €109,591
Income statement
- Gross operating margin +€141,915
up €141,915 (+29.6%), from €479,592 to €621,508
- Other operating charges -€71,633
down €71,633 (-54.9%), from €130,446 to €58,813
- Depreciation +€13,373
up €13,373 (+3.6%), from €366,738 to €380,110
- Financial income +€7,725
up €7,725 (+43.9%), from €17,578 to €25,303
- Financial charges +€6,811
up €6,811 (+20.8%), from €32,702 to €39,513
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.
Result 2024
-€145,982
Gross operating margin
+€141,915
Staff costs
+€1,397
Depreciation
-€13,373
Other operating charges
+€71,633
Financial income
+€7,725
Financial charges
-€6,811
Taxes
+€353
Result 2025
€56,858
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.
From operations
+€526,084
Investment
-€1.1m
Financing
+€572,352
Cash 2024
€23,820
From operations (derived)
+€526,084
Net result for the year
+€56,858
Depreciation
+€380,110
Receivables within one year
-€1,751
Deferred charges and accrued income
-€13,615
Trade debts
+€85,955
Tax, wage and social debts
-€3,164
Accrued charges and deferred income
+€21,691
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Current investments
+€9,584
Financing
+€572,352
Debts after one year
+€619,264
Current portion of long-term debt
-€46,912
Cash 2025
€13,355
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,733,662 | €7,467,354 | +€733,692 | +10.9% |
| Fixed assets | 21/28 | €6,550,908 | €7,289,283 | +€738,376 | +11.3% |
| Tangible fixed assets | 22/27 | €6,550,908 | €7,289,283 | +€738,376 | +11.3% |
| Land and buildings | 22 | €6,496,514 | €7,252,975 | +€756,460 | +11.6% |
| Plant, machinery and equipment | 23 | €2,647 | €1,811 | -€836 | -31.6% |
| Furniture and vehicles | 24 | €51,746 | €34,498 | -€17,249 | -33.3% |
| Current assets | 29/58 | €182,754 | €178,070 | -€4,684 | -2.6% |
| Amounts receivable within one year | 40/41 | €3,712 | €5,463 | +€1,751 | +47.2% |
| Other amounts receivable | 41 | €3,712 | €5,463 | +€1,751 | +47.2% |
| Current investments | 50/53 | €148,684 | €139,100 | -€9,584 | -6.4% |
| Cash at bank and in hand | 54/58 | €23,820 | €13,355 | -€10,465 | -43.9% |
| Deferred charges and accrued income | 490/1 | €6,538 | €20,152 | +€13,615 | +208.2% |
| Total equity and liabilities | 10/49 | €6,733,662 | €7,467,354 | +€733,692 | +10.9% |
| Equity | 10/15 | €5,321,551 | €5,378,409 | +€56,858 | +1.1% |
| Contributions | 10/11 | €5,760,000 | €5,760,000 | = | 0.0% |
| Capital | 10 | €5,760,000 | €5,760,000 | = | 0.0% |
| Issued capital | 100 | €5,760,000 | €5,760,000 | = | 0.0% |
| Reserves | 13 | €104,670 | €104,670 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,000 | €65,000 | = | 0.0% |
| Legal reserve | 130 | €65,000 | €65,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,670 | €39,670 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€543,119 | -€486,262 | +€56,858 | +10.5% |
| Amounts payable | 17/49 | €1,412,111 | €2,088,945 | +€676,834 | +47.9% |
| Amounts payable after more than one year | 17 | €1,131,676 | €1,750,940 | +€619,264 | +54.7% |
| Financial debts | 170/4 | €843,261 | €1,465,228 | +€621,967 | +73.8% |
| Other amounts payable | 178/9 | €288,415 | €285,712 | -€2,703 | -0.9% |
| Amounts payable within one year | 42/48 | €260,511 | €296,389 | +€35,879 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €213,010 | €166,098 | -€46,912 | -22.0% |
| Trade debts | 44 | €23,636 | €109,591 | +€85,955 | +363.7% |
| Suppliers | 440/4 | €23,636 | €109,591 | +€85,955 | +363.7% |
| Taxes, remuneration and social security | 45 | €23,864 | €20,700 | -€3,164 | -13.3% |
| Taxes | 450/3 | €11,176 | €5,959 | -€5,217 | -46.7% |
| Remuneration and social security | 454/9 | €12,688 | €14,741 | +€2,053 | +16.2% |
| Accrued charges and deferred income | 492/3 | €19,924 | €41,616 | +€21,691 | +108.9% |
| Remuneration, social security and pensions | 62 | €111,211 | €109,814 | -€1,397 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366,738 | €380,110 | +€13,373 | +3.6% |
| Other operating charges | 640/8 | €130,446 | €58,813 | -€71,633 | -54.9% |
| Gross operating margin | 9900 | €479,592 | €621,508 | +€141,915 | +29.6% |
| Operating profit (loss) | 9901 | -€128,802 | €72,771 | +€201,573 | |
| Financial income | 75/76B | €17,578 | €25,303 | +€7,725 | +43.9% |
| Recurring financial income | 75 | €17,578 | €25,303 | +€7,725 | +43.9% |
| Financial charges | 65/66B | €32,702 | €39,513 | +€6,811 | +20.8% |
| Recurring financial charges | 65 | €32,702 | €39,513 | +€6,811 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | -€143,926 | €58,560 | +€202,487 | |
| Income taxes | 67/77 | €2,056 | €1,703 | -€353 | -17.2% |
| Profit (loss) for the period | 9904 | -€145,982 | €56,858 | +€202,840 | |
| Profit (loss) for the period to be appropriated | 9905 | -€145,982 | €56,858 | +€202,840 |
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 5 October 2026 via checked.be.