Bepe Projects: 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.
Bepe Projects
Largest movements
- Tangible fixed assets +€26,066
up €26,066 (+94.1%), from €27,703 to €53,769
of which Leasing and similar rights: +€32,995
- Cash +€24,785
up €24,785 (+67.9%), from €36,484 to €61,269
mainly Net result for the year (+€28,859) and Debts after one year (+€14,730)
- Stocks and contracts +€7,537
up €7,537 (+377.1%), from €1,999 to €9,536
- Receivables within one year -€4,183
down €4,183 (-14.2%), from €29,539 to €25,356
of which Trade receivables: -€8,400
- Reserves +€28,859
up €28,859 (+40.5%), from €71,171 to €100,029
- Debts after one year +€14,730
up €14,730 (+108.0%), from €13,638 to €28,368
- Current portion of long-term debt +€6,289
up €6,289 (+114.1%), from €5,511 to €11,800
- Trade debts +€3,855
up €3,855 (+216.3%), from €1,782 to €5,637
- Gross operating margin -€24,462
down €24,462 (-30.8%), from €79,418 to €54,956
- Depreciation +€6,350
up €6,350 (+96.4%), from €6,584 to €12,934
- Taxes -€5,925
down €5,925 (-42.2%), from €14,032 to €8,106
- Financial charges +€999
up €999 (+70.3%), from €1,421 to €2,420
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,134 | €151,429 | +€54,295 | +55.9% |
| Fixed assets | 21/28 | €27,703 | €53,769 | +€26,066 | +94.1% |
| Tangible fixed assets | 22/27 | €27,703 | €53,769 | +€26,066 | +94.1% |
| Plant, machinery and equipment | 23 | €4,032 | €3,103 | -€929 | -23.0% |
| Furniture and vehicles | 24 | €23,671 | €17,671 | -€6,000 | -25.3% |
| Leasing and similar rights | 25 | - | €32,995 | +€32,995 | |
| Current assets | 29/58 | €69,431 | €97,659 | +€28,229 | +40.7% |
| Stocks and contracts in progress | 3 | €1,999 | €9,536 | +€7,537 | +377.1% |
| Stocks | 30/36 | €1,999 | €9,536 | +€7,537 | +377.1% |
| Amounts receivable within one year | 40/41 | €29,539 | €25,356 | -€4,183 | -14.2% |
| Trade receivables | 40 | €18,428 | €10,028 | -€8,400 | -45.6% |
| Other amounts receivable | 41 | €11,111 | €15,328 | +€4,217 | +38.0% |
| Cash at bank and in hand | 54/58 | €36,484 | €61,269 | +€24,785 | +67.9% |
| Deferred charges and accrued income | 490/1 | €1,409 | €1,499 | +€90 | +6.4% |
| Total equity and liabilities | 10/49 | €97,134 | €151,429 | +€54,295 | +55.9% |
| Equity | 10/15 | €73,171 | €102,029 | +€28,859 | +39.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €71,171 | €100,029 | +€28,859 | +40.5% |
| Distributable reserves | 133 | €71,171 | €100,029 | +€28,859 | +40.5% |
| Amounts payable | 17/49 | €23,963 | €49,399 | +€25,436 | +106.1% |
| Amounts payable after more than one year | 17 | €13,638 | €28,368 | +€14,730 | +108.0% |
| Financial debts | 170/4 | €13,638 | €28,368 | +€14,730 | +108.0% |
| Amounts payable within one year | 42/48 | €10,325 | €21,032 | +€10,707 | +103.7% |
| Current portion of amounts payable after more than one year | 42 | €5,511 | €11,800 | +€6,289 | +114.1% |
| Trade debts | 44 | €1,782 | €5,637 | +€3,855 | +216.3% |
| Suppliers | 440/4 | €1,782 | €5,637 | +€3,855 | +216.3% |
| Taxes, remuneration and social security | 45 | €3,032 | €3,594 | +€563 | +18.6% |
| Taxes | 450/3 | €3,032 | €2,106 | -€925 | -30.5% |
| Remuneration and social security | 454/9 | - | €1,488 | +€1,488 | |
| Remuneration, social security and pensions | 62 | €767 | €992 | +€225 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,584 | €12,934 | +€6,350 | +96.4% |
| Other operating charges | 640/8 | €3,004 | €2,253 | -€751 | -25.0% |
| Gross operating margin | 9900 | €79,418 | €54,956 | -€24,462 | -30.8% |
| Operating profit (loss) | 9901 | €69,063 | €38,778 | -€30,285 | -43.9% |
| Financial income | 75/76B | €38 | €607 | +€568 | +1485.9% |
| Recurring financial income | 75 | €38 | €607 | +€568 | +1485.9% |
| Financial charges | 65/66B | €1,421 | €2,420 | +€999 | +70.3% |
| Recurring financial charges | 65 | €1,421 | €2,420 | +€999 | +70.3% |
| Profit (loss) for the period before taxes | 9903 | €67,681 | €36,965 | -€30,716 | -45.4% |
| Income taxes | 67/77 | €14,032 | €8,106 | -€5,925 | -42.2% |
| Profit (loss) for the period | 9904 | €53,649 | €28,859 | -€24,791 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,649 | €28,859 | -€24,791 | -46.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.