BEPIMO: 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.
BEPIMO
Largest movements
- Receivables within one year +€22,480
up €22,480 (+8.4%), from €267,770 to €290,250
of which Other amounts receivable: +€22,480
- Cash -€8,941
down €8,941 (-67.8%), from €13,194 to €4,254
mainly Receivables within one year (-€22,480) and Debts after one year (-€11,259)
- Profit (loss) carried forward +€21,193
up €21,193 (+6.4%), from -€332,520 to -€311,326
- Debts after one year -€11,259
down €11,259 (-3.0%), from €374,868 to €363,608
of which Financial debts: -€11,259
- Depreciation -€17,573
down €17,573 (-99.3%), from €17,697 to €124
- Gross operating margin +€2,621
up €2,621 (+11.1%), from €23,533 to €26,153
- Other operating charges +€689
up €689 (+42.2%), from €1,632 to €2,321
- Financial charges -€361
down €361 (-11.7%), from €3,081 to €2,720
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 | €463,328 | €476,744 | +€13,416 | +2.9% |
| Fixed assets | 21/28 | €182,364 | €182,240 | -€124 | -0.1% |
| Tangible fixed assets | 22/27 | €182,364 | €182,240 | -€124 | -0.1% |
| Land and buildings | 22 | €182,364 | €182,240 | -€124 | -0.1% |
| Current assets | 29/58 | €280,964 | €294,504 | +€13,540 | +4.8% |
| Amounts receivable within one year | 40/41 | €267,770 | €290,250 | +€22,480 | +8.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €267,770 | €290,250 | +€22,480 | +8.4% |
| Cash at bank and in hand | 54/58 | €13,194 | €4,254 | -€8,941 | -67.8% |
| Total equity and liabilities | 10/49 | €463,328 | €476,744 | +€13,416 | +2.9% |
| Equity | 10/15 | €75,683 | €96,877 | +€21,193 | +28.0% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Revaluation surpluses | 12 | €275,201 | €275,201 | = | 0.0% |
| Reserves | 13 | €9,056 | €9,056 | = | 0.0% |
| Distributable reserves | 133 | €9,056 | €9,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€332,520 | -€311,326 | +€21,193 | +6.4% |
| Amounts payable | 17/49 | €387,645 | €379,868 | -€7,777 | -2.0% |
| Amounts payable after more than one year | 17 | €374,868 | €363,608 | -€11,259 | -3.0% |
| Financial debts | 170/4 | €306,118 | €294,858 | -€11,259 | -3.7% |
| Other amounts payable | 178/9 | €68,750 | €68,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,777 | €16,259 | +€3,482 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €11,061 | €11,259 | +€199 | +1.8% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,717 | €5,000 | +€3,283 | +191.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,697 | €124 | -€17,573 | -99.3% |
| Other operating charges | 640/8 | €1,632 | €2,321 | +€689 | +42.2% |
| Gross operating margin | 9900 | €23,533 | €26,153 | +€2,621 | +11.1% |
| Operating profit (loss) | 9901 | €4,203 | €23,708 | +€19,505 | +464.0% |
| Financial income | 75/76B | €151 | €252 | +€100 | +66.4% |
| Recurring financial income | 75 | €151 | €252 | +€100 | +66.4% |
| Financial charges | 65/66B | €3,081 | €2,720 | -€361 | -11.7% |
| Recurring financial charges | 65 | €3,081 | €2,720 | -€361 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €1,274 | €21,240 | +€19,966 | +1567.7% |
| Income taxes | 67/77 | €45 | €46 | +€1 | +2.3% |
| Profit (loss) for the period | 9904 | €1,228 | €21,193 | +€19,965 | +1625.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,228 | €21,193 | +€19,965 | +1625.5% |
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 28 September 2026 via checked.be.