BEPAID: 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.
BEPAID
Largest movements
- Intangible fixed assets +€11,371
up €11,371 (+18.6%), from €61,273 to €72,644
- Receivables within one year -€4,356
down €4,356 (-62.5%), from €6,973 to €2,617
of which Trade receivables: -€4,336
- Deferred charges and accrued income +€2,997
up €2,997 (+10517.8%), from €28 to €3,025
- Profit (loss) carried forward +€18,207
up €18,207 (+92.9%), from €19,599 to €37,806
- Debts after one year -€7,685
down €7,685 (-48.7%), from €15,782 to €8,096
- Tax, wage and social debts +€2,846
up €2,846 (+36.8%), from €7,733 to €10,579
- Current portion of long-term debt -€2,459
down €2,459 (-24.2%), from €10,144 to €7,685
- Accrued charges and deferred income -€1,763
down €1,763 (-100.0%), from €1,763 to €0
- Gross operating margin +€26,180
up €26,180 (+76.5%), from €34,223 to €60,403
- Depreciation +€11,189
up €11,189 (+49.9%), from €22,423 to €33,612
- Taxes +€3,203
up €3,203 (+93.4%), from €3,429 to €6,632
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 | €70,398 | €80,103 | +€9,705 | +13.8% |
| Fixed assets | 21/28 | €61,273 | €72,644 | +€11,371 | +18.6% |
| Intangible fixed assets | 21 | €61,273 | €72,644 | +€11,371 | +18.6% |
| Current assets | 29/58 | €9,125 | €7,458 | -€1,666 | -18.3% |
| Amounts receivable within one year | 40/41 | €6,973 | €2,617 | -€4,356 | -62.5% |
| Trade receivables | 40 | €6,952 | €2,617 | -€4,336 | -62.4% |
| Other amounts receivable | 41 | €20 | €0 | -€20 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,124 | €1,817 | -€307 | -14.4% |
| Deferred charges and accrued income | 490/1 | €28 | €3,025 | +€2,997 | +10517.8% |
| Total equity and liabilities | 10/49 | €70,398 | €80,103 | +€9,705 | +13.8% |
| Equity | 10/15 | €25,799 | €44,006 | +€18,207 | +70.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,599 | €37,806 | +€18,207 | +92.9% |
| Amounts payable | 17/49 | €44,599 | €36,097 | -€8,503 | -19.1% |
| Amounts payable after more than one year | 17 | €15,782 | €8,096 | -€7,685 | -48.7% |
| Financial debts | 170/4 | €15,782 | €8,096 | -€7,685 | -48.7% |
| Amounts payable within one year | 42/48 | €27,055 | €28,000 | +€945 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €10,144 | €7,685 | -€2,459 | -24.2% |
| Trade debts | 44 | €8,151 | €7,845 | -€307 | -3.8% |
| Suppliers | 440/4 | €8,151 | €7,845 | -€307 | -3.8% |
| Taxes, remuneration and social security | 45 | €7,733 | €10,579 | +€2,846 | +36.8% |
| Taxes | 450/3 | €7,733 | €10,579 | +€2,846 | +36.8% |
| Other amounts payable | 47/48 | €1,027 | €1,891 | +€865 | +84.2% |
| Accrued charges and deferred income | 492/3 | €1,763 | €0 | -€1,763 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,423 | €33,612 | +€11,189 | +49.9% |
| Other operating charges | 640/8 | - | €270 | +€270 | |
| Gross operating margin | 9900 | €34,223 | €60,403 | +€26,180 | +76.5% |
| Operating profit (loss) | 9901 | €11,801 | €26,522 | +€14,721 | +124.7% |
| Financial income | 75/76B | €68 | €83 | +€15 | +22.6% |
| Recurring financial income | 75 | €68 | €83 | +€15 | +22.6% |
| Financial charges | 65/66B | €1,940 | €1,765 | -€175 | -9.0% |
| Recurring financial charges | 65 | €1,940 | €1,765 | -€175 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €9,928 | €24,839 | +€14,911 | +150.2% |
| Income taxes | 67/77 | €3,429 | €6,632 | +€3,203 | +93.4% |
| Profit (loss) for the period | 9904 | €6,499 | €18,207 | +€11,708 | +180.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,499 | €18,207 | +€11,708 | +180.1% |
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 2 October 2026 via checked.be.