BEPA CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Financial fixed assets -€314,763
down €314,763 (-74.1%), from €424,904 to €110,141
- Cash +€239,780
up €239,780 (+53.9%), from €445,107 to €684,887
mainly Net result for the year (+€719,995) and Depreciation (+€299,232)
- Current investments +€185,387
up €185,387 (+29.5%), from €628,088 to €813,475
- Receivables within one year +€125,357
up €125,357 (+65.8%), from €190,551 to €315,908
of which Trade receivables: +€280,613
- Tangible fixed assets +€120,714
up €120,714 (+8.1%), from €1.5m to €1.6m
of which Plant, machinery and equipment: +€86,891
- Reserves +€319,300
up €319,300 (+15.6%), from €2.0m to €2.4m
of which Tax-exempt reserves: +€336,800
- Debts after one year -€95,904
down €95,904 (-19.1%), from €500,883 to €404,980
- Tax, wage and social debts +€74,983
up €74,983 (+226.3%), from €33,136 to €108,119
of which Taxes: +€71,927
- Trade debts +€39,950
up €39,950 (+64.8%), from €61,664 to €101,614
- Gross operating margin +€193,632
up €193,632 (+13.2%), from €1.5m to €1.7m
- Depreciation +€52,529
up €52,529 (+21.3%), from €246,703 to €299,232
- Taxes +€24,947
up €24,947 (+10.4%), from €240,900 to €265,848
- Staff costs +€22,174
up €22,174 (+5.8%), from €382,994 to €405,168
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,177,665 | €3,533,025 | +€355,360 | +11.2% |
| Fixed assets | 21/28 | €1,912,804 | €1,718,755 | -€194,049 | -10.1% |
| Tangible fixed assets | 22/27 | €1,487,900 | €1,608,614 | +€120,714 | +8.1% |
| Land and buildings | 22 | €892,809 | €849,734 | -€43,075 | -4.8% |
| Plant, machinery and equipment | 23 | €87,663 | €174,554 | +€86,891 | +99.1% |
| Furniture and vehicles | 24 | €507,429 | €584,326 | +€76,897 | +15.2% |
| Financial fixed assets | 28 | €424,904 | €110,141 | -€314,763 | -74.1% |
| Current assets | 29/58 | €1,264,861 | €1,814,270 | +€549,409 | +43.4% |
| Amounts receivable within one year | 40/41 | €190,551 | €315,908 | +€125,357 | +65.8% |
| Trade receivables | 40 | €3,175 | €283,788 | +€280,613 | +8839.2% |
| Other amounts receivable | 41 | €187,376 | €32,120 | -€155,257 | -82.9% |
| Current investments | 50/53 | €628,088 | €813,475 | +€185,387 | +29.5% |
| Cash at bank and in hand | 54/58 | €445,107 | €684,887 | +€239,780 | +53.9% |
| Deferred charges and accrued income | 490/1 | €1,115 | - | -€1,115 | |
| Total equity and liabilities | 10/49 | €3,177,665 | €3,533,025 | +€355,360 | +11.2% |
| Equity | 10/15 | €2,105,344 | €2,422,408 | +€317,064 | +15.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €2,045,100 | €2,364,400 | +€319,300 | +15.6% |
| Tax-exempt reserves | 132 | €252,600 | €589,400 | +€336,800 | +133.3% |
| Distributable reserves | 133 | €1,792,500 | €1,775,000 | -€17,500 | -1.0% |
| Profit (loss) carried forward | 14 | €11,710 | €12,405 | +€695 | +5.9% |
| Investment grants | 15 | €28,074 | €25,143 | -€2,932 | -10.4% |
| Amounts payable | 17/49 | €1,072,320 | €1,110,617 | +€38,296 | +3.6% |
| Amounts payable after more than one year | 17 | €500,883 | €404,980 | -€95,904 | -19.1% |
| Financial debts | 170/4 | €500,883 | €404,980 | -€95,904 | -19.1% |
| Amounts payable within one year | 42/48 | €570,441 | €705,637 | +€135,197 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €100,741 | €95,904 | -€4,837 | -4.8% |
| Trade debts | 44 | €61,664 | €101,614 | +€39,950 | +64.8% |
| Suppliers | 440/4 | €61,664 | €101,614 | +€39,950 | +64.8% |
| Taxes, remuneration and social security | 45 | €33,136 | €108,119 | +€74,983 | +226.3% |
| Taxes | 450/3 | €473 | €72,400 | +€71,927 | +15203.1% |
| Remuneration and social security | 454/9 | €32,663 | €35,719 | +€3,056 | +9.4% |
| Other amounts payable | 47/48 | €374,900 | €400,000 | +€25,100 | +6.7% |
| Accrued charges and deferred income | 492/3 | €997 | - | -€997 | |
| Remuneration, social security and pensions | 62 | €382,994 | €405,168 | +€22,174 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246,703 | €299,232 | +€52,529 | +21.3% |
| Other operating charges | 640/8 | €16,660 | €11,456 | -€5,204 | -31.2% |
| Gross operating margin | 9900 | €1,470,790 | €1,664,422 | +€193,632 | +13.2% |
| Operating profit (loss) | 9901 | €824,432 | €948,567 | +€124,134 | +15.1% |
| Financial income | 75/76B | €48,508 | €52,028 | +€3,521 | +7.3% |
| Recurring financial income | 75 | €48,508 | €52,028 | +€3,521 | +7.3% |
| Financial charges | 65/66B | €19,535 | €14,752 | -€4,783 | -24.5% |
| Recurring financial charges | 65 | €19,535 | €14,752 | -€4,783 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €853,405 | €985,843 | +€132,438 | +15.5% |
| Income taxes | 67/77 | €240,900 | €265,848 | +€24,947 | +10.4% |
| Profit (loss) for the period | 9904 | €612,505 | €719,995 | +€107,491 | +17.5% |
| Transfer to tax-exempt reserves | 689 | €252,600 | €336,800 | +€84,200 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €359,905 | €383,195 | +€23,291 | +6.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.