BEKOREST: 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.
BEKOREST
Largest movements
- Tangible fixed assets -€16,834
down €16,834 (-28.3%), from €59,564 to €42,730
of which Plant, machinery and equipment: -€15,249
- Cash +€14,523
up €14,523 (+44.6%), from €32,579 to €47,101
mainly Depreciation (+€30,918) and Net result for the year (+€25,839)
- Profit (loss) carried forward +€25,839
up €25,839 (+20.5%), from -€126,154 to -€100,315
- Current portion of long-term debt -€17,022
down €17,022 (-45.8%), from €37,140 to €20,118
- Debts after one year +€15,574
up €15,574 (+46.3%), from €33,619 to €49,192
- Accrued charges and deferred income -€15,258
no longer reported in 2025 (was €15,258)
- Trade debts -€13,024
down €13,024 (-98.0%), from €13,296 to €272
- Gross operating margin -€103,805
down €103,805 (-58.5%), from €177,577 to €73,772
- Staff costs -€29,058
down €29,058 (-76.9%), from €37,803 to €8,745
- Financial charges -€2,866
down €2,866 (-45.6%), from €6,290 to €3,424
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 | €571,516 | €565,323 | -€6,193 | -1.1% |
| Fixed assets | 21/28 | €485,439 | €468,605 | -€16,834 | -3.5% |
| Tangible fixed assets | 22/27 | €59,564 | €42,730 | -€16,834 | -28.3% |
| Land and buildings | 22 | €1,605 | €14,933 | +€13,327 | +830% |
| Plant, machinery and equipment | 23 | €32,659 | €17,410 | -€15,249 | -46.7% |
| Furniture and vehicles | 24 | €7,749 | €4,855 | -€2,894 | -37.3% |
| Other tangible fixed assets | 26 | €17,550 | €5,531 | -€12,019 | -68.5% |
| Financial fixed assets | 28 | €425,875 | €425,875 | = | 0.0% |
| Current assets | 29/58 | €86,077 | €96,718 | +€10,641 | +12.4% |
| Amounts receivable within one year | 40/41 | €51,970 | €49,070 | -€2,900 | -5.6% |
| Trade receivables | 40 | €49,572 | €46,045 | -€3,527 | -7.1% |
| Other amounts receivable | 41 | €2,398 | €3,025 | +€627 | +26.1% |
| Current investments | 50/53 | - | €202 | +€202 | |
| Cash at bank and in hand | 54/58 | €32,579 | €47,101 | +€14,523 | +44.6% |
| Deferred charges and accrued income | 490/1 | €1,529 | €345 | -€1,183 | -77.4% |
| Total equity and liabilities | 10/49 | €571,516 | €565,323 | -€6,193 | -1.1% |
| Equity | 10/15 | -€67,708 | -€41,869 | +€25,839 | +38.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,846 | €39,846 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,986 | €37,986 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,154 | -€100,315 | +€25,839 | +20.5% |
| Amounts payable | 17/49 | €639,224 | €607,192 | -€32,032 | -5.0% |
| Amounts payable after more than one year | 17 | €33,619 | €49,192 | +€15,574 | +46.3% |
| Financial debts | 170/4 | €33,619 | €49,192 | +€15,574 | +46.3% |
| Amounts payable within one year | 42/48 | €590,347 | €557,999 | -€32,348 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €37,140 | €20,118 | -€17,022 | -45.8% |
| Financial debts | 43 | - | €6,669 | +€6,669 | |
| Credit institutions | 430/8 | - | €1,665 | +€1,665 | |
| Other loans | 439 | - | €5,003 | +€5,003 | |
| Trade debts | 44 | €13,296 | €272 | -€13,024 | -98.0% |
| Suppliers | 440/4 | €13,296 | €272 | -€13,024 | -98.0% |
| Taxes, remuneration and social security | 45 | €11,495 | €49 | -€11,446 | -99.6% |
| Taxes | 450/3 | €5,086 | €49 | -€5,038 | -99.0% |
| Remuneration and social security | 454/9 | €6,409 | - | -€6,409 | |
| Other amounts payable | 47/48 | €528,416 | €530,893 | +€2,476 | +0.5% |
| Accrued charges and deferred income | 492/3 | €15,258 | - | -€15,258 | |
| Remuneration, social security and pensions | 62 | €37,803 | €8,745 | -€29,058 | -76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,383 | €30,918 | -€465 | -1.5% |
| Other operating charges | 640/8 | €4,861 | €4,851 | -€10 | -0.2% |
| Gross operating margin | 9900 | €177,577 | €73,772 | -€103,805 | -58.5% |
| Operating profit (loss) | 9901 | €103,531 | €29,258 | -€74,273 | -71.7% |
| Financial income | 75/76B | €1 | €28 | +€27 | +2,522% |
| Recurring financial income | 75 | €1 | €28 | +€27 | +2,522% |
| Financial charges | 65/66B | €6,290 | €3,424 | -€2,866 | -45.6% |
| Recurring financial charges | 65 | €6,290 | €3,424 | -€2,866 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €97,242 | €25,862 | -€71,380 | -73.4% |
| Income taxes | 67/77 | - | €23 | +€23 | |
| Profit (loss) for the period | 9904 | €97,242 | €25,839 | -€71,403 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €97,242 | €25,839 | -€71,403 | -73.4% |
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 14 October 2026 via checked.be.