BEPA: 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.
BEPA
Largest movements
- Cash +€17,896
up €17,896 (+38.5%), from €46,457 to €64,353
mainly Depreciation (+€18,654) and Net result for the year (+€16,223)
- Deferred charges and accrued income +€10,481
up €10,481 (+1,169%), from €896 to €11,378
- Tangible fixed assets -€7,996
down €7,996 (-11.1%), from €71,916 to €63,920
of which Land and buildings: -€7,107
- Receivables within one year +€3,887
up €3,887 (+29.1%), from €13,348 to €17,234
of which Other amounts receivable: +€1,966
- Reserves +€16,223
up €16,223 (+51.7%), from €31,375 to €47,598
- Tax, wage and social debts +€7,007
up €7,007 (+145%), from €4,843 to €11,850
- Accrued charges and deferred income -€3,387
down €3,387 (-32.3%), from €10,487 to €7,101
- Trade debts +€3,360
up €3,360 (+81.3%), from €4,132 to €7,492
- Gross operating margin +€19,161
up €19,161 (+72.2%), from €26,524 to €45,685
- Taxes +€5,456
up €5,456 (+171%), from €3,196 to €8,652
- Depreciation +€2,277
up €2,277 (+13.9%), from €16,377 to €18,654
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 | €132,617 | €156,886 | +€24,268 | +18.3% |
| Fixed assets | 21/28 | €71,916 | €63,920 | -€7,996 | -11.1% |
| Tangible fixed assets | 22/27 | €71,916 | €63,920 | -€7,996 | -11.1% |
| Land and buildings | 22 | €35,229 | €28,122 | -€7,107 | -20.2% |
| Plant, machinery and equipment | 23 | €13,032 | €13,470 | +€439 | +3.4% |
| Furniture and vehicles | 24 | €23,655 | €22,328 | -€1,327 | -5.6% |
| Current assets | 29/58 | €60,702 | €92,965 | +€32,264 | +53.2% |
| Amounts receivable within one year | 40/41 | €13,348 | €17,234 | +€3,887 | +29.1% |
| Trade receivables | 40 | €11,626 | €13,547 | +€1,920 | +16.5% |
| Other amounts receivable | 41 | €1,721 | €3,688 | +€1,966 | +114% |
| Cash at bank and in hand | 54/58 | €46,457 | €64,353 | +€17,896 | +38.5% |
| Deferred charges and accrued income | 490/1 | €896 | €11,378 | +€10,481 | +1,169% |
| Total equity and liabilities | 10/49 | €132,617 | €156,886 | +€24,268 | +18.3% |
| Equity | 10/15 | €49,975 | €66,198 | +€16,223 | +32.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,375 | €47,598 | +€16,223 | +51.7% |
| Distributable reserves | 133 | €31,375 | €47,598 | +€16,223 | +51.7% |
| Amounts payable | 17/49 | €82,642 | €90,687 | +€8,045 | +9.7% |
| Amounts payable within one year | 42/48 | €72,155 | €83,587 | +€11,432 | +15.8% |
| Trade debts | 44 | €4,132 | €7,492 | +€3,360 | +81.3% |
| Suppliers | 440/4 | €4,132 | €7,492 | +€3,360 | +81.3% |
| Taxes, remuneration and social security | 45 | €4,843 | €11,850 | +€7,007 | +145% |
| Taxes | 450/3 | €4,843 | €11,850 | +€7,007 | +145% |
| Other amounts payable | 47/48 | €63,180 | €64,244 | +€1,065 | +1.7% |
| Accrued charges and deferred income | 492/3 | €10,487 | €7,101 | -€3,387 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,377 | €18,654 | +€2,277 | +13.9% |
| Other operating charges | 640/8 | €2,027 | €2,093 | +€66 | +3.2% |
| Gross operating margin | 9900 | €26,524 | €45,685 | +€19,161 | +72.2% |
| Operating profit (loss) | 9901 | €8,119 | €24,938 | +€16,819 | +207% |
| Financial income | 75/76B | €3 | €3 | +€1 | +25.0% |
| Recurring financial income | 75 | €3 | €3 | +€1 | +25.0% |
| Financial charges | 65/66B | €62 | €66 | +€5 | +7.3% |
| Recurring financial charges | 65 | €62 | €66 | +€5 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €8,060 | €24,875 | +€16,815 | +209% |
| Income taxes | 67/77 | €3,196 | €8,652 | +€5,456 | +171% |
| Profit (loss) for the period | 9904 | €4,864 | €16,223 | +€11,359 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €4,864 | €16,223 | +€11,359 | +234% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.