Bepa: 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.
Bepa
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€337,297
up €337,297 (+34.4%), from €979,764 to €1.3m
- Debts after one year -€200,849
down €200,849 (-9.5%), from €2.1m to €1.9m
- Advances received -€119,606
no longer reported in 2025 (was €119,606)
- Trade debts +€43,297
up €43,297 (+3348.6%), from €1,293 to €44,590
- Financial income -€550,003
down €550,003 (-64.7%), from €850,003 to €300,000
of which Non-recurring financial income: -€550,000
- Gross operating margin -€126,599
down €126,599 (-48.6%), from €260,588 to €133,989
- Taxes -€30,821
down €30,821 (-71.3%), from €43,254 to €12,433
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,982,795 | €4,019,840 | +€37,045 | +0.9% |
| Fixed assets | 21/28 | €3,969,167 | €3,969,167 | = | 0.0% |
| Financial fixed assets | 28 | €3,969,167 | €3,969,167 | = | 0.0% |
| Current assets | 29/58 | €13,628 | €50,673 | +€37,045 | +271.8% |
| Amounts receivable within one year | 40/41 | €11,500 | €50,215 | +€38,715 | +336.7% |
| Trade receivables | 40 | €11,500 | €50,215 | +€38,715 | +336.7% |
| Cash at bank and in hand | 54/58 | €1,034 | €458 | -€576 | -55.7% |
| Deferred charges and accrued income | 490/1 | €1,094 | - | -€1,094 | |
| Total equity and liabilities | 10/49 | €3,982,795 | €4,019,840 | +€37,045 | +0.9% |
| Equity | 10/15 | €989,764 | €1,327,061 | +€337,297 | +34.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €979,764 | €1,317,061 | +€337,297 | +34.4% |
| Amounts payable | 17/49 | €2,993,031 | €2,692,779 | -€300,252 | -10.0% |
| Amounts payable after more than one year | 17 | €2,118,717 | €1,917,868 | -€200,849 | -9.5% |
| Financial debts | 170/4 | €2,118,717 | €1,917,868 | -€200,849 | -9.5% |
| Amounts payable within one year | 42/48 | €874,314 | €774,911 | -€99,403 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €193,153 | €200,850 | +€7,697 | +4.0% |
| Financial debts | 43 | €8,333 | €8,333 | = | 0.0% |
| Other loans | 439 | €8,333 | €8,333 | = | 0.0% |
| Trade debts | 44 | €1,293 | €44,590 | +€43,297 | +3348.6% |
| Suppliers | 440/4 | €1,293 | €44,590 | +€43,297 | +3348.6% |
| Advances received on contracts in progress | 46 | €119,606 | - | -€119,606 | |
| Taxes, remuneration and social security | 45 | €50,443 | €19,652 | -€30,791 | -61.0% |
| Taxes | 450/3 | €50,443 | €19,652 | -€30,791 | -61.0% |
| Other amounts payable | 47/48 | €501,486 | €501,486 | = | 0.0% |
| Other operating charges | 640/8 | €2,500 | €729 | -€1,771 | -70.8% |
| Gross operating margin | 9900 | €260,588 | €133,989 | -€126,599 | -48.6% |
| Operating profit (loss) | 9901 | €258,088 | €133,260 | -€124,828 | -48.4% |
| Financial income | 75/76B | €850,003 | €300,000 | -€550,003 | -64.7% |
| Recurring financial income | 75 | €3 | €300,000 | +€299,997 | +9999900.0% |
| Non-recurring financial income | 76B | €850,000 | €300,000 | -€550,000 | -64.7% |
| Financial charges | 65/66B | €85,073 | €83,530 | -€1,543 | -1.8% |
| Recurring financial charges | 65 | €85,073 | €83,530 | -€1,543 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €1,023,018 | €349,730 | -€673,288 | -65.8% |
| Income taxes | 67/77 | €43,254 | €12,433 | -€30,821 | -71.3% |
| Profit (loss) for the period | 9904 | €979,764 | €337,297 | -€642,467 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €979,764 | €337,297 | -€642,467 | -65.6% |
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 8 October 2026 via checked.be.