BEPHONIC: 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.
BEPHONIC
Largest movements
- Cash -€277,904
down €277,904 (-79.8%), from €348,035 to €70,131
mainly Contributions, distributions and other (-€305,739) and Current investments (-€174,759)
- Current investments +€174,759
up €174,759 (+25.6%), from €682,750 to €857,509
- Receivables within one year +€148,889
up €148,889 (+38.2%), from €389,308 to €538,197
of which Trade receivables: +€126,741
- Other debts +€135,305
up €135,305 (+79.4%), from €170,434 to €305,739
- Reserves -€82,102
down €82,102 (-5.8%), from €1.4m to €1.3m
of which Distributable reserves: -€82,102
- Trade debts -€69,566
down €69,566 (-59.8%), from €116,338 to €46,771
- Tax, wage and social debts +€56,178
up €56,178 (+25.3%), from €222,016 to €278,195
of which Taxes: +€37,762
- Depreciation +€22,318
up €22,318 (+19.3%), from €115,828 to €138,146
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 | €2,165,404 | €2,204,805 | +€39,402 | +1.8% |
| Fixed assets | 21/28 | €406,581 | €411,824 | +€5,243 | +1.3% |
| Tangible fixed assets | 22/27 | €406,581 | €411,824 | +€5,243 | +1.3% |
| Plant, machinery and equipment | 23 | €21,695 | €57,650 | +€35,955 | +165.7% |
| Furniture and vehicles | 24 | €384,886 | €354,174 | -€30,712 | -8.0% |
| Current assets | 29/58 | €1,758,822 | €1,792,981 | +€34,159 | +1.9% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €389,308 | €538,197 | +€148,889 | +38.2% |
| Trade receivables | 40 | €319,062 | €445,802 | +€126,741 | +39.7% |
| Other amounts receivable | 41 | €70,247 | €92,395 | +€22,148 | +31.5% |
| Current investments | 50/53 | €682,750 | €857,509 | +€174,759 | +25.6% |
| Cash at bank and in hand | 54/58 | €348,035 | €70,131 | -€277,904 | -79.8% |
| Deferred charges and accrued income | 490/1 | €38,728 | €27,144 | -€11,584 | -29.9% |
| Total equity and liabilities | 10/49 | €2,165,404 | €2,204,805 | +€39,402 | +1.8% |
| Equity | 10/15 | €1,617,666 | €1,535,564 | -€82,102 | -5.1% |
| Contributions | 10/11 | €212,299 | €212,299 | = | 0.0% |
| Capital | 10 | €212,299 | €212,299 | = | 0.0% |
| Issued capital | 100 | €212,299 | €212,299 | = | 0.0% |
| Reserves | 13 | €1,405,367 | €1,323,265 | -€82,102 | -5.8% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €1,305,367 | €1,223,265 | -€82,102 | -6.3% |
| Amounts payable | 17/49 | €547,738 | €669,242 | +€121,504 | +22.2% |
| Amounts payable after more than one year | 17 | €16,634 | €7,403 | -€9,231 | -55.5% |
| Financial debts | 170/4 | €16,634 | €7,403 | -€9,231 | -55.5% |
| Amounts payable within one year | 42/48 | €530,793 | €661,838 | +€131,045 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €22,005 | €31,133 | +€9,128 | +41.5% |
| Trade debts | 44 | €116,338 | €46,771 | -€69,566 | -59.8% |
| Suppliers | 440/4 | €116,338 | €46,771 | -€69,566 | -59.8% |
| Taxes, remuneration and social security | 45 | €222,016 | €278,195 | +€56,178 | +25.3% |
| Taxes | 450/3 | €49,356 | €87,117 | +€37,762 | +76.5% |
| Remuneration and social security | 454/9 | €172,661 | €191,077 | +€18,417 | +10.7% |
| Other amounts payable | 47/48 | €170,434 | €305,739 | +€135,305 | +79.4% |
| Accrued charges and deferred income | 492/3 | €310 | - | -€310 | |
| Remuneration, social security and pensions | 62 | €1,361,366 | €1,362,733 | +€1,367 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,828 | €138,146 | +€22,318 | +19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €468 | - | -€468 | |
| Other operating charges | 640/8 | €7,820 | €8,790 | +€970 | +12.4% |
| Gross operating margin | 9900 | €1,806,063 | €1,803,368 | -€2,694 | -0.1% |
| Operating profit (loss) | 9901 | €320,581 | €293,700 | -€26,882 | -8.4% |
| Financial income | 75/76B | €33,047 | €30,602 | -€2,444 | -7.4% |
| Recurring financial income | 75 | €33,047 | €30,602 | -€2,444 | -7.4% |
| Financial charges | 65/66B | €2,354 | €2,507 | +€153 | +6.5% |
| Recurring financial charges | 65 | €2,354 | €2,507 | +€153 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €351,274 | €321,795 | -€29,479 | -8.4% |
| Income taxes | 67/77 | €110,287 | €98,158 | -€12,129 | -11.0% |
| Profit (loss) for the period | 9904 | €240,987 | €223,637 | -€17,350 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €240,987 | €223,637 | -€17,350 | -7.2% |
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.