BEPA SO-SAM: 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 SO-SAM
Largest movements
- Tangible fixed assets -€12,675
down €12,675 (-6.1%), from €206,526 to €193,851
of which Land and buildings: -€15,797
- Receivables within one year -€9,193
down €9,193 (-29.5%), from €31,194 to €22,001
of which Other amounts receivable: -€18,923
- Cash +€6,435
up €6,435 (+39.3%), from €16,367 to €22,802
mainly Depreciation (+€16,449) and Net result for the year (+€12,835)
- Other debts -€33,801
down €33,801 (-89.4%), from €37,800 to €3,999
- Profit (loss) carried forward +€12,835
up €12,835 (+20.9%), from -€61,529 to -€48,694
- Accrued charges and deferred income +€3,404
up €3,404 (+572%), from €596 to €4,000
- Gross operating margin +€8,751
up €8,751 (+33.1%), from €26,405 to €35,156
- Financial income +€857
up €857 (+149%), from €574 to €1,430
- Other operating charges +€414
up €414 (+15.0%), from €2,756 to €3,170
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 | €254,643 | €240,553 | -€14,090 | -5.5% |
| Fixed assets | 21/28 | €206,526 | €193,851 | -€12,675 | -6.1% |
| Tangible fixed assets | 22/27 | €206,526 | €193,851 | -€12,675 | -6.1% |
| Land and buildings | 22 | €205,954 | €190,158 | -€15,797 | -7.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €572 | €181 | -€391 | -68.4% |
| Other tangible fixed assets | 26 | - | €3,512 | +€3,512 | |
| Current assets | 29/58 | €48,117 | €46,703 | -€1,414 | -2.9% |
| Stocks and contracts in progress | 3 | €320 | €425 | +€105 | +32.8% |
| Stocks | 30/36 | €320 | €425 | +€105 | +32.8% |
| Amounts receivable within one year | 40/41 | €31,194 | €22,001 | -€9,193 | -29.5% |
| Trade receivables | 40 | €12,168 | €21,898 | +€9,730 | +80.0% |
| Other amounts receivable | 41 | €19,026 | €103 | -€18,923 | -99.5% |
| Cash at bank and in hand | 54/58 | €16,367 | €22,802 | +€6,435 | +39.3% |
| Deferred charges and accrued income | 490/1 | €236 | €1,475 | +€1,239 | +525% |
| Total equity and liabilities | 10/49 | €254,643 | €240,553 | -€14,090 | -5.5% |
| Equity | 10/15 | €104,652 | €117,486 | +€12,835 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €147,581 | €147,581 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €147,581 | €147,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,529 | -€48,694 | +€12,835 | +20.9% |
| Amounts payable | 17/49 | €149,992 | €123,067 | -€26,924 | -18.0% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €49,396 | €19,067 | -€30,329 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,795 | €7,867 | +€1,073 | +15.8% |
| Suppliers | 440/4 | €6,795 | €7,867 | +€1,073 | +15.8% |
| Taxes, remuneration and social security | 45 | €4,801 | €7,200 | +€2,399 | +50.0% |
| Taxes | 450/3 | €4,801 | €7,200 | +€2,399 | +50.0% |
| Other amounts payable | 47/48 | €37,800 | €3,999 | -€33,801 | -89.4% |
| Accrued charges and deferred income | 492/3 | €596 | €4,000 | +€3,404 | +572% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,721 | €16,449 | -€272 | -1.6% |
| Other operating charges | 640/8 | €2,756 | €3,170 | +€414 | +15.0% |
| Gross operating margin | 9900 | €26,405 | €35,156 | +€8,751 | +33.1% |
| Operating profit (loss) | 9901 | €6,928 | €15,537 | +€8,609 | +124% |
| Financial income | 75/76B | €574 | €1,430 | +€857 | +149% |
| Recurring financial income | 75 | €574 | €1,430 | +€857 | +149% |
| Financial charges | 65/66B | €4,322 | €4,133 | -€190 | -4.4% |
| Recurring financial charges | 65 | €4,322 | €4,133 | -€190 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €3,179 | €12,835 | +€9,656 | +304% |
| Income taxes | 67/77 | €34 | €0 | -€34 | -100% |
| Profit (loss) for the period | 9904 | €3,145 | €12,835 | +€9,689 | +308% |
| Profit (loss) for the period to be appropriated | 9905 | €3,145 | €12,835 | +€9,689 | +308% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.