BEPENO: 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.
BEPENO
Largest movements
- Cash +€7,900
up €7,900 (+84.4%), from €9,356 to €17,255
mainly Net result for the year (+€8,466) and Other debts (+€3,688)
- Tangible fixed assets +€6,589
up €6,589 (+106%), from €6,223 to €12,812
of which Other tangible fixed assets: +€7,803
- Receivables within one year +€4,072
up €4,072 (+16.5%), from €24,678 to €28,750
- Deferred charges and accrued income -€1,691
down €1,691 (-26.4%), from €6,405 to €4,715
- Profit (loss) carried forward +€8,466
up €8,466 (+88.6%), from -€9,555 to -€1,089
- Other debts +€3,688
up €3,688 (+34.3%), from €10,751 to €14,439
- Tax, wage and social debts +€2,593
up €2,593 (+36.0%), from €7,211 to €9,804
- Trade debts +€2,124
up €2,124 (+91.8%), from €2,312 to €4,436
- Gross operating margin +€32,012
up €32,012, from -€5,483 to €26,530
- Financial charges +€13,496
up €13,496 (+40,590%), from €33 to €13,530
of which Non-recurring financial charges: +€13,453
- Taxes +€2,483
up €2,483 (+1,581%), from €157 to €2,640
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 | €46,662 | €63,532 | +€16,870 | +36.2% |
| Fixed assets | 21/28 | €6,223 | €12,812 | +€6,589 | +106% |
| Tangible fixed assets | 22/27 | €6,223 | €12,812 | +€6,589 | +106% |
| Plant, machinery and equipment | 23 | €1,273 | €835 | -€438 | -34.4% |
| Furniture and vehicles | 24 | €4,950 | €4,174 | -€775 | -15.7% |
| Other tangible fixed assets | 26 | - | €7,803 | +€7,803 | |
| Current assets | 29/58 | €40,439 | €50,720 | +€10,281 | +25.4% |
| Amounts receivable within one year | 40/41 | €24,678 | €28,750 | +€4,072 | +16.5% |
| Trade receivables | 40 | €24,678 | €28,750 | +€4,072 | +16.5% |
| Cash at bank and in hand | 54/58 | €9,356 | €17,255 | +€7,900 | +84.4% |
| Deferred charges and accrued income | 490/1 | €6,405 | €4,715 | -€1,691 | -26.4% |
| Total equity and liabilities | 10/49 | €46,662 | €63,532 | +€16,870 | +36.2% |
| Equity | 10/15 | €26,388 | €34,853 | +€8,466 | +32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,342 | €17,342 | = | 0.0% |
| Distributable reserves | 133 | €17,342 | €17,342 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,555 | -€1,089 | +€8,466 | +88.6% |
| Amounts payable | 17/49 | €20,274 | €28,679 | +€8,405 | +41.5% |
| Amounts payable within one year | 42/48 | €20,274 | €28,679 | +€8,405 | +41.5% |
| Trade debts | 44 | €2,312 | €4,436 | +€2,124 | +91.8% |
| Suppliers | 440/4 | €2,312 | €4,436 | +€2,124 | +91.8% |
| Taxes, remuneration and social security | 45 | €7,211 | €9,804 | +€2,593 | +36.0% |
| Taxes | 450/3 | €7,211 | €9,804 | +€2,593 | +36.0% |
| Other amounts payable | 47/48 | €10,751 | €14,439 | +€3,688 | +34.3% |
| Remuneration, social security and pensions | 62 | €111 | - | -€111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,213 | €1,411 | +€197 | +16.3% |
| Other operating charges | 640/8 | €531 | €486 | -€45 | -8.5% |
| Gross operating margin | 9900 | -€5,483 | €26,530 | +€32,012 | |
| Operating profit (loss) | 9901 | -€7,338 | €24,633 | +€31,971 | |
| Financial income | 75/76B | €33 | €2 | -€31 | -93.9% |
| Recurring financial income | 75 | €33 | €2 | -€31 | -93.9% |
| Financial charges | 65/66B | €33 | €13,530 | +€13,496 | +40,590% |
| Recurring financial charges | 65 | €33 | €77 | +€44 | +131% |
| Non-recurring financial charges | 66B | - | €13,453 | +€13,453 | |
| Profit (loss) for the period before taxes | 9903 | -€7,338 | €11,106 | +€18,444 | |
| Income taxes | 67/77 | €157 | €2,640 | +€2,483 | +1,581% |
| Profit (loss) for the period | 9904 | -€7,495 | €8,466 | +€15,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,495 | €8,466 | +€15,961 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.