BEPAR: 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.
BEPAR
Largest movements
- Intangible fixed assets +€3,200
new in 2025: €3,200
- Deferred charges and accrued income +€2,291
up €2,291 (+1130.1%), from €203 to €2,493
- Tangible fixed assets -€2,283
down €2,283 (-48.4%), from €4,717 to €2,434
of which Plant, machinery and equipment: -€1,225
- Profit (loss) carried forward +€5,730
up €5,730 (+22.3%), from €25,697 to €31,428
- Trade debts -€3,986
down €3,986 (-61.4%), from €6,489 to €2,503
- Tax, wage and social debts +€1,767
up €1,767 (+8.1%), from €21,794 to €23,561
- Gross operating margin -€38,846
down €38,846 (-72.6%), from €53,504 to €14,658
- Staff costs -€23,593
down €23,593, from €23,579 to -€14
- Taxes -€4,690
down €4,690 (-71.9%), from €6,527 to €1,837
- Write-downs +€1,339
new in 2025: €1,339
- Financial charges -€1,240
down €1,240 (-35.0%), from €3,544 to €2,304
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 | €68,241 | €71,898 | +€3,657 | +5.4% |
| Fixed assets | 21/28 | €9,187 | €10,104 | +€917 | +10.0% |
| Intangible fixed assets | 21 | - | €3,200 | +€3,200 | |
| Tangible fixed assets | 22/27 | €4,717 | €2,434 | -€2,283 | -48.4% |
| Plant, machinery and equipment | 23 | €2,298 | €1,073 | -€1,225 | -53.3% |
| Furniture and vehicles | 24 | €1,351 | €743 | -€608 | -45.0% |
| Other tangible fixed assets | 26 | €1,067 | €618 | -€449 | -42.1% |
| Financial fixed assets | 28 | €4,470 | €4,470 | = | 0.0% |
| Current assets | 29/58 | €59,054 | €61,794 | +€2,740 | +4.6% |
| Amounts receivable within one year | 40/41 | €17,050 | €17,356 | +€306 | +1.8% |
| Trade receivables | 40 | €12,050 | €14,194 | +€2,144 | +17.8% |
| Other amounts receivable | 41 | €5,000 | €3,163 | -€1,837 | -36.7% |
| Cash at bank and in hand | 54/58 | €41,801 | €41,944 | +€143 | +0.3% |
| Deferred charges and accrued income | 490/1 | €203 | €2,493 | +€2,291 | +1130.1% |
| Total equity and liabilities | 10/49 | €68,241 | €71,898 | +€3,657 | +5.4% |
| Equity | 10/15 | €39,957 | €45,688 | +€5,730 | +14.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,697 | €31,428 | +€5,730 | +22.3% |
| Amounts payable | 17/49 | €28,283 | €26,210 | -€2,073 | -7.3% |
| Amounts payable within one year | 42/48 | €28,283 | €26,064 | -€2,219 | -7.8% |
| Trade debts | 44 | €6,489 | €2,503 | -€3,986 | -61.4% |
| Suppliers | 440/4 | €6,489 | €2,503 | -€3,986 | -61.4% |
| Taxes, remuneration and social security | 45 | €21,794 | €23,561 | +€1,767 | +8.1% |
| Taxes | 450/3 | €21,794 | €23,561 | +€1,767 | +8.1% |
| Accrued charges and deferred income | 492/3 | - | €146 | +€146 | |
| Non-recurring operating income | 76A | €13,568 | €0 | -€13,568 | -100.0% |
| Remuneration, social security and pensions | 62 | €23,579 | -€14 | -€23,593 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,283 | €2,864 | +€581 | +25.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,339 | +€1,339 | |
| Other operating charges | 640/8 | €1,239 | €631 | -€608 | -49.1% |
| Gross operating margin | 9900 | €53,504 | €14,658 | -€38,846 | -72.6% |
| Operating profit (loss) | 9901 | €26,404 | €9,838 | -€16,566 | -62.7% |
| Financial income | 75/76B | €56 | €34 | -€22 | -39.6% |
| Recurring financial income | 75 | €56 | €34 | -€22 | -39.6% |
| Financial charges | 65/66B | €3,544 | €2,304 | -€1,240 | -35.0% |
| Recurring financial charges | 65 | €3,544 | €2,304 | -€1,240 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €22,915 | €7,567 | -€15,347 | -67.0% |
| Income taxes | 67/77 | €6,527 | €1,837 | -€4,690 | -71.9% |
| Profit (loss) for the period | 9904 | €16,388 | €5,730 | -€10,658 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,388 | €5,730 | -€10,658 | -65.0% |
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 5 October 2026 via checked.be.