BEPA G & E: 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 G & E
Largest movements
- Cash -€231,819
down €231,819 (-87.7%), from €264,361 to €32,542
mainly Current investments (-€225,599) and Debts after one year (-€131,154)
- Current investments +€225,599
up €225,599 (+1425.7%), from €15,823 to €241,422
- Tangible fixed assets -€100,776
down €100,776 (-3.7%), from €2.8m to €2.6m
of which Land and buildings: -€86,279
- Receivables after one year -€36,500
down €36,500 (-25.7%), from €142,000 to €105,500
- Debts after one year -€131,154
down €131,154 (-22.2%), from €591,629 to €460,475
- Reserves -€54,980
down €54,980 (-3.8%), from €1.4m to €1.4m
of which Distributable reserves: -€36,429
- Other debts +€39,475
up €39,475 (+37.9%), from €104,263 to €143,738
- Gross operating margin -€13,277
down €13,277 (-12.0%), from €110,317 to €97,040
- Financial charges +€6,598
up €6,598 (+29.9%), from €22,068 to €28,666
- Depreciation -€3,836
down €3,836 (-3.5%), from €110,284 to €106,448
- Financial income +€3,136
up €3,136 (+65.9%), from €4,756 to €7,892
- Other operating charges -€2,961
down €2,961 (-9.1%), from €32,502 to €29,541
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,274,806 | €3,123,025 | -€151,781 | -4.6% |
| Fixed assets | 21/28 | €2,782,228 | €2,681,452 | -€100,776 | -3.6% |
| Intangible fixed assets | 21 | €31,805 | €31,805 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,750,423 | €2,649,647 | -€100,776 | -3.7% |
| Land and buildings | 22 | €2,690,066 | €2,603,787 | -€86,279 | -3.2% |
| Plant, machinery and equipment | 23 | €7,246 | €6,769 | -€477 | -6.6% |
| Furniture and vehicles | 24 | €2,513 | €1,363 | -€1,150 | -45.8% |
| Leasing and similar rights | 25 | €50,598 | €37,728 | -€12,870 | -25.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €492,579 | €441,573 | -€51,005 | -10.4% |
| Amounts receivable after more than one year | 29 | €142,000 | €105,500 | -€36,500 | -25.7% |
| Other amounts receivable | 291 | €142,000 | €105,500 | -€36,500 | -25.7% |
| Amounts receivable within one year | 40/41 | €59,320 | €48,257 | -€11,063 | -18.6% |
| Trade receivables | 40 | €42,412 | €28,890 | -€13,521 | -31.9% |
| Other amounts receivable | 41 | €16,908 | €19,367 | +€2,459 | +14.5% |
| Current investments | 50/53 | €15,823 | €241,422 | +€225,599 | +1425.7% |
| Cash at bank and in hand | 54/58 | €264,361 | €32,542 | -€231,819 | -87.7% |
| Deferred charges and accrued income | 490/1 | €11,074 | €13,851 | +€2,777 | +25.1% |
| Total equity and liabilities | 10/49 | €3,274,806 | €3,123,025 | -€151,781 | -4.6% |
| Equity | 10/15 | €2,318,819 | €2,263,839 | -€54,980 | -2.4% |
| Contributions | 10/11 | €890,000 | €890,000 | = | 0.0% |
| Capital | 10 | €890,000 | €890,000 | = | 0.0% |
| Issued capital | 100 | €890,000 | €890,000 | = | 0.0% |
| Reserves | 13 | €1,428,819 | €1,373,839 | -€54,980 | -3.8% |
| Non-distributable reserves | 130/1 | €48,642 | €48,642 | = | 0.0% |
| Legal reserve | 130 | €48,642 | €48,642 | = | 0.0% |
| Tax-exempt reserves | 132 | €517,599 | €499,048 | -€18,550 | -3.6% |
| Distributable reserves | 133 | €862,578 | €826,149 | -€36,429 | -4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €116,013 | €109,763 | -€6,250 | -5.4% |
| Deferred taxes | 168 | €116,013 | €109,763 | -€6,250 | -5.4% |
| Amounts payable | 17/49 | €839,974 | €749,423 | -€90,551 | -10.8% |
| Amounts payable after more than one year | 17 | €591,629 | €460,475 | -€131,154 | -22.2% |
| Financial debts | 170/4 | €591,629 | €460,475 | -€131,154 | -22.2% |
| Amounts payable within one year | 42/48 | €233,823 | €277,228 | +€43,404 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €129,446 | €130,909 | +€1,463 | +1.1% |
| Trade debts | 44 | €114 | €952 | +€838 | +735.0% |
| Suppliers | 440/4 | €114 | €952 | +€838 | +735.0% |
| Taxes, remuneration and social security | 45 | €0 | €1,628 | +€1,628 | |
| Taxes | 450/3 | €0 | €1,628 | +€1,628 | |
| Other amounts payable | 47/48 | €104,263 | €143,738 | +€39,475 | +37.9% |
| Accrued charges and deferred income | 492/3 | €14,522 | €11,720 | -€2,802 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,284 | €106,448 | -€3,836 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €298 | €0 | -€298 | -100.0% |
| Other operating charges | 640/8 | €32,502 | €29,541 | -€2,961 | -9.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €110,317 | €97,040 | -€13,277 | -12.0% |
| Operating profit (loss) | 9901 | -€32,766 | -€38,949 | -€6,182 | -18.9% |
| Financial income | 75/76B | €4,756 | €7,892 | +€3,136 | +65.9% |
| Recurring financial income | 75 | €4,756 | €7,892 | +€3,136 | +65.9% |
| Financial charges | 65/66B | €22,068 | €28,666 | +€6,598 | +29.9% |
| Recurring financial charges | 65 | €22,068 | €28,666 | +€6,598 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | -€50,079 | -€59,723 | -€9,644 | -19.3% |
| Transfer from deferred taxes | 780 | €6,250 | €6,250 | -€0 | 0.0% |
| Income taxes | 67/77 | €708 | €674 | -€34 | -4.8% |
| Profit (loss) for the period | 9904 | -€44,536 | -€54,147 | -€9,610 | -21.6% |
| Transfer from tax-exempt reserves | 789 | €138,550 | €18,750 | -€119,800 | -86.5% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €200 | -€41,900 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,914 | -€35,596 | -€87,510 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.