BEPAY: 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.
BEPAY
Largest movements
- Intangible fixed assets +€69,767
new in 2025: €69,767
- Receivables within one year +€8,588
up €8,588 (+78.3%), from €10,964 to €19,552
of which Trade receivables: +€15,009
- Tangible fixed assets -€8,021
down €8,021 (-25.6%), from €31,299 to €23,278
- Cash +€2,069
up €2,069 (+4.9%), from €42,514 to €44,583
mainly Net result for the year (+€46,201) and Other debts (+€44,871)
- Other debts +€44,871
up €44,871 (+10291.5%), from €436 to €45,307
- Provisions +€17,031
up €17,031 (+105.7%), from €16,113 to €33,143
- Tax, wage and social debts +€6,376
up €6,376 (+55.5%), from €11,497 to €17,873
of which Remuneration and social security: +€6,161
- Trade debts +€4,059
up €4,059 (+342.9%), from €1,184 to €5,243
- Gross operating margin +€92,741
up €92,741 (+89.0%), from €104,152 to €196,893
- Staff costs +€52,908
up €52,908 (+275.2%), from €19,228 to €72,136
- Provisions +€17,122
up €17,122, from -€92 to €17,031
- Financial charges +€10,881
up €10,881 (+53.9%), from €20,180 to €31,060
- Taxes +€5,638
up €5,638 (+43.5%), from €12,960 to €18,599
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 | €93,297 | €165,334 | +€72,037 | +77.2% |
| Fixed assets | 21/28 | €33,041 | €94,787 | +€61,746 | +186.9% |
| Intangible fixed assets | 21 | - | €69,767 | +€69,767 | |
| Tangible fixed assets | 22/27 | €31,299 | €23,278 | -€8,021 | -25.6% |
| Furniture and vehicles | 24 | €31,299 | €23,278 | -€8,021 | -25.6% |
| Financial fixed assets | 28 | €1,742 | €1,742 | = | 0.0% |
| Current assets | 29/58 | €60,256 | €70,547 | +€10,291 | +17.1% |
| Amounts receivable within one year | 40/41 | €10,964 | €19,552 | +€8,588 | +78.3% |
| Trade receivables | 40 | €3,782 | €18,790 | +€15,009 | +396.9% |
| Other amounts receivable | 41 | €7,182 | €761 | -€6,421 | -89.4% |
| Cash at bank and in hand | 54/58 | €42,514 | €44,583 | +€2,069 | +4.9% |
| Deferred charges and accrued income | 490/1 | €6,778 | €6,412 | -€366 | -5.4% |
| Total equity and liabilities | 10/49 | €93,297 | €165,334 | +€72,037 | +77.2% |
| Equity | 10/15 | €64,067 | €63,768 | -€299 | -0.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €44,000 | €43,768 | -€232 | -0.5% |
| Distributable reserves | 133 | €44,000 | €43,768 | -€232 | -0.5% |
| Profit (loss) carried forward | 14 | €67 | - | -€67 | |
| Provisions and deferred taxes | 16 | €16,113 | €33,143 | +€17,031 | +105.7% |
| Provisions for liabilities and charges | 160/5 | €16,113 | €33,143 | +€17,031 | +105.7% |
| Other liabilities and charges | 164/5 | €16,113 | €33,143 | +€17,031 | +105.7% |
| Amounts payable | 17/49 | €13,117 | €68,422 | +€55,305 | +421.6% |
| Amounts payable within one year | 42/48 | €13,117 | €68,422 | +€55,305 | +421.6% |
| Trade debts | 44 | €1,184 | €5,243 | +€4,059 | +342.9% |
| Suppliers | 440/4 | €1,184 | €5,243 | +€4,059 | +342.9% |
| Taxes, remuneration and social security | 45 | €11,497 | €17,873 | +€6,376 | +55.5% |
| Taxes | 450/3 | €8,015 | €8,230 | +€214 | +2.7% |
| Remuneration and social security | 454/9 | €3,482 | €9,643 | +€6,161 | +177.0% |
| Other amounts payable | 47/48 | €436 | €45,307 | +€44,871 | +10291.5% |
| Remuneration, social security and pensions | 62 | €19,228 | €72,136 | +€52,908 | +275.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,330 | €9,692 | +€3,362 | +53.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€92 | €17,031 | +€17,122 | |
| Other operating charges | 640/8 | €1,691 | €2,330 | +€638 | +37.7% |
| Gross operating margin | 9900 | €104,152 | €196,893 | +€92,741 | +89.0% |
| Operating profit (loss) | 9901 | €76,995 | €95,704 | +€18,710 | +24.3% |
| Financial income | 75/76B | €78 | €156 | +€78 | +100.9% |
| Recurring financial income | 75 | €78 | €156 | +€78 | +100.9% |
| Financial charges | 65/66B | €20,180 | €31,060 | +€10,881 | +53.9% |
| Recurring financial charges | 65 | €20,180 | €31,060 | +€10,881 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | €56,892 | €64,800 | +€7,908 | +13.9% |
| Income taxes | 67/77 | €12,960 | €18,599 | +€5,638 | +43.5% |
| Profit (loss) for the period | 9904 | €43,932 | €46,201 | +€2,269 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,932 | €46,201 | +€2,269 | +5.2% |
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 4 October 2026 via checked.be.