BEPA BAGRO: 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 BAGRO
Largest movements
- Tangible fixed assets -€10,539
down €10,539 (-2.6%), from €406,001 to €395,462
of which Land and buildings: -€8,518
- Other debts -€7,683
down €7,683 (-1.1%), from €673,531 to €665,848
- Gross operating margin -€2,089
down €2,089 (-11.3%), from €18,533 to €16,444
- Depreciation -€2,079
down €2,079 (-19.6%), from €10,597 to €8,518
- Taxes +€747
up €747 (+36.5%), from €2,047 to €2,794
- Other operating charges +€710
up €710 (+11.8%), from €6,019 to €6,729
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 | €714,154 | €699,972 | -€14,182 | -2.0% |
| Fixed assets | 21/28 | €702,730 | €692,191 | -€10,539 | -1.5% |
| Tangible fixed assets | 22/27 | €406,001 | €395,462 | -€10,539 | -2.6% |
| Land and buildings | 22 | €403,980 | €395,462 | -€8,518 | -2.1% |
| Furniture and vehicles | 24 | €2,021 | €0 | -€2,021 | -100% |
| Financial fixed assets | 28 | €296,729 | €296,729 | = | 0.0% |
| Current assets | 29/58 | €11,425 | €7,781 | -€3,643 | -31.9% |
| Amounts receivable within one year | 40/41 | €4,276 | €97 | -€4,179 | -97.7% |
| Trade receivables | 40 | €4,235 | €0 | -€4,235 | -100% |
| Other amounts receivable | 41 | €41 | €97 | +€56 | +138% |
| Cash at bank and in hand | 54/58 | €63 | €773 | +€710 | +1,121% |
| Deferred charges and accrued income | 490/1 | €7,086 | €6,911 | -€174 | -2.5% |
| Total equity and liabilities | 10/49 | €714,154 | €699,972 | -€14,182 | -2.0% |
| Equity | 10/15 | €25,595 | €23,931 | -€1,665 | -6.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €11,124 | €11,124 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,922 | €5,922 | = | 0.0% |
| Distributable reserves | 133 | €2,702 | €2,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,529 | -€12,193 | -€1,665 | -15.8% |
| Amounts payable | 17/49 | €688,559 | €676,041 | -€12,518 | -1.8% |
| Amounts payable within one year | 42/48 | €688,559 | €676,041 | -€12,518 | -1.8% |
| Trade debts | 44 | €10,427 | €7,249 | -€3,179 | -30.5% |
| Suppliers | 440/4 | €10,427 | €7,249 | -€3,179 | -30.5% |
| Advances received on contracts in progress | 46 | - | €151 | +€151 | |
| Taxes, remuneration and social security | 45 | €4,601 | €2,794 | -€1,807 | -39.3% |
| Taxes | 450/3 | €4,601 | €2,794 | -€1,807 | -39.3% |
| Other amounts payable | 47/48 | €673,531 | €665,848 | -€7,683 | -1.1% |
| Non-recurring operating income | 76A | - | €8,079 | +€8,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,597 | €8,518 | -€2,079 | -19.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €6,019 | €6,729 | +€710 | +11.8% |
| Gross operating margin | 9900 | €18,533 | €16,444 | -€2,089 | -11.3% |
| Operating profit (loss) | 9901 | €1,917 | €1,197 | -€720 | -37.5% |
| Financial income | 75/76B | €2 | €1 | -€0 | -27.0% |
| Recurring financial income | 75 | €2 | €1 | -€0 | -27.0% |
| Financial charges | 65/66B | €63 | €69 | +€6 | +10.0% |
| Recurring financial charges | 65 | €63 | €69 | +€6 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €1,856 | €1,129 | -€727 | -39.2% |
| Income taxes | 67/77 | €2,047 | €2,794 | +€747 | +36.5% |
| Profit (loss) for the period | 9904 | -€191 | -€1,665 | -€1,474 | -772% |
| Profit (loss) for the period to be appropriated | 9905 | -€191 | -€1,665 | -€1,474 | -772% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.