BEKARON: 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.
BEKARON
Largest movements
- Receivables within one year -€147,782
down €147,782 (-37.6%), from €392,519 to €244,737
of which Other amounts receivable: -€147,610
- Tangible fixed assets -€39,174
down €39,174 (-10.2%), from €384,455 to €345,280
of which Land and buildings: -€37,266
- Cash -€27,677
down €27,677 (-99.3%), from €27,867 to €191
mainly Trade debts (-€240,661) and Debts after one year (-€20,337)
- Trade debts -€240,661
no longer reported in 2025 (was €240,661)
- Reserves +€21,823
up €21,823 (+58.9%), from €37,055 to €58,878
of which Distributable reserves: +€21,823
- Debts after one year -€20,337
down €20,337 (-15.7%), from €129,290 to €108,953
- Other debts +€10,557
up €10,557 (+3.2%), from €324,858 to €335,415
- Gross operating margin +€18,875
up €18,875 (+23.7%), from €79,724 to €98,598
- Other operating charges +€7,564
up €7,564 (+90.0%), from €8,401 to €15,965
- Taxes +€4,842
up €4,842 (+136%), from €3,559 to €8,402
- Depreciation +€2,547
up €2,547 (+5.6%), from €45,547 to €48,094
- Financial charges +€2,153
up €2,153 (+86.0%), from €2,504 to €4,657
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 | €805,979 | €591,417 | -€214,563 | -26.6% |
| Fixed assets | 21/28 | €384,455 | €345,280 | -€39,174 | -10.2% |
| Tangible fixed assets | 22/27 | €384,455 | €345,280 | -€39,174 | -10.2% |
| Land and buildings | 22 | €380,465 | €343,199 | -€37,266 | -9.8% |
| Plant, machinery and equipment | 23 | €2,393 | €823 | -€1,571 | -65.6% |
| Furniture and vehicles | 24 | €1,596 | €1,259 | -€337 | -21.1% |
| Current assets | 29/58 | €421,524 | €246,136 | -€175,388 | -41.6% |
| Amounts receivable within one year | 40/41 | €392,519 | €244,737 | -€147,782 | -37.6% |
| Trade receivables | 40 | €7,193 | €7,021 | -€172 | -2.4% |
| Other amounts receivable | 41 | €385,326 | €237,716 | -€147,610 | -38.3% |
| Cash at bank and in hand | 54/58 | €27,867 | €191 | -€27,677 | -99.3% |
| Deferred charges and accrued income | 490/1 | €1,138 | €1,209 | +€71 | +6.2% |
| Total equity and liabilities | 10/49 | €805,979 | €591,417 | -€214,563 | -26.6% |
| Equity | 10/15 | €99,028 | €120,851 | +€21,823 | +22.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €37,055 | €58,878 | +€21,823 | +58.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €30,857 | €52,681 | +€21,823 | +70.7% |
| Amounts payable | 17/49 | €706,951 | €470,565 | -€236,386 | -33.4% |
| Amounts payable after more than one year | 17 | €129,290 | €108,953 | -€20,337 | -15.7% |
| Financial debts | 170/4 | €129,290 | €108,953 | -€20,337 | -15.7% |
| Amounts payable within one year | 42/48 | €577,356 | €361,612 | -€215,744 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €7,767 | €14,236 | +€6,469 | +83.3% |
| Trade debts | 44 | €240,661 | - | -€240,661 | |
| Suppliers | 440/4 | €240,661 | - | -€240,661 | |
| Taxes, remuneration and social security | 45 | €4,070 | €11,961 | +€7,891 | +194% |
| Taxes | 450/3 | €4,070 | €11,961 | +€7,891 | +194% |
| Other amounts payable | 47/48 | €324,858 | €335,415 | +€10,557 | +3.2% |
| Accrued charges and deferred income | 492/3 | €305 | - | -€305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,547 | €48,094 | +€2,547 | +5.6% |
| Other operating charges | 640/8 | €8,401 | €15,965 | +€7,564 | +90.0% |
| Gross operating margin | 9900 | €79,724 | €98,598 | +€18,875 | +23.7% |
| Operating profit (loss) | 9901 | €25,776 | €34,540 | +€8,764 | +34.0% |
| Financial income | 75/76B | €12 | €342 | +€331 | +2,819% |
| Recurring financial income | 75 | €12 | €342 | +€331 | +2,819% |
| Financial charges | 65/66B | €2,504 | €4,657 | +€2,153 | +86.0% |
| Recurring financial charges | 65 | €2,504 | €4,657 | +€2,153 | +86.0% |
| Profit (loss) for the period before taxes | 9903 | €23,283 | €30,225 | +€6,942 | +29.8% |
| Income taxes | 67/77 | €3,559 | €8,402 | +€4,842 | +136% |
| Profit (loss) for the period | 9904 | €19,724 | €21,823 | +€2,100 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,724 | €21,823 | +€2,100 | +10.6% |
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 13 October 2026 via checked.be.