BEPI: what changed
BEPI
Largest movements
- Receivables within one year -€59,929
down €59,929 (-9.3%), from €643,686 to €583,758
- Cash -€45,640
down €45,640 (-22.6%), from €201,621 to €155,981
mainly Contributions, distributions and other (-€540,000) and Other debts (-€109,882)
- Profit (loss) carried forward +€221,408
up €221,408 (+9.5%), from €2.3m to €2.6m
- Contributions -€161,889
down €161,889 (-16.2%), from €998,293 to €836,404
- Other debts -€109,882
down €109,882 (-17.8%), from €617,840 to €507,959
- Debts after one year -€53,798
down €53,798 (-19.5%), from €275,765 to €221,967
- Financial income -€60,000
down €60,000 (-10.0%), from €600,000 to €540,000
- Depreciation -€5,934
down €5,934 (-25.0%), from €23,735 to €17,801
- Gross operating margin -€4,395
down €4,395 (-3.9%), from €112,906 to €108,511
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,413,850 | €4,290,480 | -€123,370 | -2.8% |
| Fixed assets | 21/28 | €3,568,543 | €3,550,741 | -€17,801 | -0.5% |
| Tangible fixed assets | 22/27 | €437,199 | €419,398 | -€17,801 | -4.1% |
| Land and buildings | 22 | €437,199 | €419,398 | -€17,801 | -4.1% |
| Financial fixed assets | 28 | €3,131,344 | €3,131,344 | = | 0.0% |
| Current assets | 29/58 | €845,307 | €739,739 | -€105,569 | -12.5% |
| Amounts receivable within one year | 40/41 | €643,686 | €583,758 | -€59,929 | -9.3% |
| Other amounts receivable | 41 | €643,686 | €583,758 | -€59,929 | -9.3% |
| Cash at bank and in hand | 54/58 | €201,621 | €155,981 | -€45,640 | -22.6% |
| Total equity and liabilities | 10/49 | €4,413,850 | €4,290,480 | -€123,370 | -2.8% |
| Equity | 10/15 | €3,329,932 | €3,389,451 | +€59,519 | +1.8% |
| Contributions | 10/11 | €998,293 | €836,404 | -€161,889 | -16.2% |
| Profit (loss) carried forward | 14 | €2,331,639 | €2,553,047 | +€221,408 | +9.5% |
| Amounts payable | 17/49 | €1,083,918 | €901,029 | -€182,889 | -16.9% |
| Amounts payable after more than one year | 17 | €275,765 | €221,967 | -€53,798 | -19.5% |
| Financial debts | 170/4 | €275,765 | €221,967 | -€53,798 | -19.5% |
| Amounts payable within one year | 42/48 | €807,453 | €678,462 | -€128,991 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €53,137 | €53,798 | +€661 | +1.2% |
| Trade debts | 44 | €1,815 | €2,104 | +€289 | +15.9% |
| Suppliers | 440/4 | €1,815 | €2,104 | +€289 | +15.9% |
| Taxes, remuneration and social security | 45 | €134,661 | €114,601 | -€20,060 | -14.9% |
| Taxes | 450/3 | €134,661 | €114,601 | -€20,060 | -14.9% |
| Other amounts payable | 47/48 | €617,840 | €507,959 | -€109,882 | -17.8% |
| Accrued charges and deferred income | 492/3 | €700 | €600 | -€100 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,735 | €17,801 | -€5,934 | -25.0% |
| Other operating charges | 640/8 | €7,261 | €7,042 | -€219 | -3.0% |
| Gross operating margin | 9900 | €112,906 | €108,511 | -€4,395 | -3.9% |
| Operating profit (loss) | 9901 | €81,909 | €83,667 | +€1,758 | +2.1% |
| Financial income | 75/76B | €600,000 | €540,000 | -€60,000 | -10.0% |
| Recurring financial income | 75 | €600,000 | €540,000 | -€60,000 | -10.0% |
| Financial charges | 65/66B | €4,654 | €3,953 | -€701 | -15.1% |
| Recurring financial charges | 65 | €4,654 | €3,953 | -€701 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €677,255 | €619,714 | -€57,541 | -8.5% |
| Income taxes | 67/77 | €19,405 | €20,195 | +€791 | +4.1% |
| Profit (loss) for the period | 9904 | €657,850 | €599,519 | -€58,332 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €657,850 | €599,519 | -€58,332 | -8.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.