BEKODIS: 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.
BEKODIS
Largest movements
- Receivables after one year +€70,000
new in 2025: €70,000
- Cash -€68,411
down €68,411 (-62.7%), from €109,170 to €40,759
mainly Receivables after one year (-€70,000) and Current investments (-€30,000)
- Current investments +€30,000
up €30,000 (+9.4%), from €320,000 to €350,000
- Tangible fixed assets -€15,301
down €15,301 (-13.4%), from €114,607 to €99,306
of which Land and buildings: -€14,644
- Receivables within one year -€8,402
down €8,402 (-59.3%), from €14,160 to €5,757
of which Trade receivables: -€12,195
- Profit (loss) carried forward +€36,302
up €36,302 (+13.3%), from €272,281 to €308,583
- Tax, wage and social debts -€14,256
down €14,256 (-18.0%), from €79,367 to €65,111
of which Remuneration and social security: -€10,325
- Debts after one year -€7,341
down €7,341 (-14.6%), from €50,420 to €43,079
- Current portion of long-term debt -€7,295
down €7,295 (-49.8%), from €14,636 to €7,341
- Staff costs +€26,867
up €26,867 (+4.8%), from €556,531 to €583,398
- Depreciation -€24,529
down €24,529 (-50.8%), from €48,249 to €23,720
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 | €581,922 | €590,059 | +€8,137 | +1.4% |
| Fixed assets | 21/28 | €115,457 | €100,156 | -€15,301 | -13.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €114,607 | €99,306 | -€15,301 | -13.4% |
| Land and buildings | 22 | €94,281 | €79,636 | -€14,644 | -15.5% |
| Plant, machinery and equipment | 23 | €16,363 | €18,031 | +€1,668 | +10.2% |
| Furniture and vehicles | 24 | €3,963 | €1,639 | -€2,325 | -58.7% |
| Financial fixed assets | 28 | €850 | €850 | = | 0.0% |
| Current assets | 29/58 | €466,465 | €489,903 | +€23,438 | +5.0% |
| Amounts receivable after more than one year | 29 | - | €70,000 | +€70,000 | |
| Other amounts receivable | 291 | - | €70,000 | +€70,000 | |
| Stocks and contracts in progress | 3 | €23,135 | €23,386 | +€251 | +1.1% |
| Stocks | 30/36 | €23,135 | €23,386 | +€251 | +1.1% |
| Amounts receivable within one year | 40/41 | €14,160 | €5,757 | -€8,402 | -59.3% |
| Trade receivables | 40 | €14,160 | €1,965 | -€12,195 | -86.1% |
| Other amounts receivable | 41 | - | €3,793 | +€3,793 | |
| Current investments | 50/53 | €320,000 | €350,000 | +€30,000 | +9.4% |
| Cash at bank and in hand | 54/58 | €109,170 | €40,759 | -€68,411 | -62.7% |
| Total equity and liabilities | 10/49 | €581,922 | €590,059 | +€8,137 | +1.4% |
| Equity | 10/15 | €376,781 | €413,083 | +€36,302 | +9.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €34,500 | €34,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €272,281 | €308,583 | +€36,302 | +13.3% |
| Amounts payable | 17/49 | €205,141 | €176,977 | -€28,165 | -13.7% |
| Amounts payable after more than one year | 17 | €50,420 | €43,079 | -€7,341 | -14.6% |
| Financial debts | 170/4 | €50,420 | €43,079 | -€7,341 | -14.6% |
| Amounts payable within one year | 42/48 | €154,722 | €133,898 | -€20,824 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €14,636 | €7,341 | -€7,295 | -49.8% |
| Trade debts | 44 | €60,719 | €61,446 | +€727 | +1.2% |
| Suppliers | 440/4 | €60,719 | €61,446 | +€727 | +1.2% |
| Taxes, remuneration and social security | 45 | €79,367 | €65,111 | -€14,256 | -18.0% |
| Taxes | 450/3 | €14,063 | €10,132 | -€3,931 | -28.0% |
| Remuneration and social security | 454/9 | €65,304 | €54,979 | -€10,325 | -15.8% |
| Remuneration, social security and pensions | 62 | €556,531 | €583,398 | +€26,867 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,249 | €23,720 | -€24,529 | -50.8% |
| Other operating charges | 640/8 | €4,013 | €4,933 | +€920 | +22.9% |
| Gross operating margin | 9900 | €661,529 | €665,175 | +€3,647 | +0.6% |
| Operating profit (loss) | 9901 | €52,736 | €53,125 | +€389 | +0.7% |
| Financial income | 75/76B | €11,720 | €11,449 | -€271 | -2.3% |
| Recurring financial income | 75 | €11,720 | €11,449 | -€271 | -2.3% |
| Financial charges | 65/66B | €10,013 | €14,859 | +€4,847 | +48.4% |
| Recurring financial charges | 65 | €10,013 | €14,859 | +€4,847 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €54,442 | €49,714 | -€4,728 | -8.7% |
| Income taxes | 67/77 | €15,562 | €13,412 | -€2,150 | -13.8% |
| Profit (loss) for the period | 9904 | €38,880 | €36,302 | -€2,578 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,880 | €36,302 | -€2,578 | -6.6% |
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 24 October 2026 via checked.be.