BEPRAQ INVEST: 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.
BEPRAQ INVEST
Largest movements
- Receivables within one year +€979,253
up €979,253 (+34.3%), from €2.9m to €3.8m
of which Other amounts receivable: +€998,430
- Cash -€67,758
down €67,758 (-27.1%), from €250,041 to €182,284
mainly Receivables within one year (-€979,253) and Trade debts (-€271,448)
- Tangible fixed assets -€52,766
down €52,766 (-12.5%), from €422,332 to €369,567
of which Plant, machinery and equipment: -€82,753
- Profit (loss) carried forward +€1.1m
up €1.1m (+54.1%), from €2.1m to €3.2m
- Trade debts -€271,448
down €271,448 (-79.6%), from €341,000 to €69,551
- Gross operating margin +€419,315
up €419,315 (+20.5%), from €2.0m to €2.5m
- Taxes +€73,896
up €73,896 (+19.6%), from €377,703 to €451,599
- Staff costs +€47,840
up €47,840 (+17.2%), from €278,850 to €326,690
- Depreciation +€39,753
up €39,753 (+66.9%), from €59,385 to €99,138
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 | €3,786,958 | €4,649,182 | +€862,223 | +22.8% |
| Fixed assets | 21/28 | €497,422 | €444,656 | -€52,766 | -10.6% |
| Tangible fixed assets | 22/27 | €422,332 | €369,567 | -€52,766 | -12.5% |
| Plant, machinery and equipment | 23 | €350,582 | €267,829 | -€82,753 | -23.6% |
| Other tangible fixed assets | 26 | €71,751 | €101,738 | +€29,987 | +41.8% |
| Financial fixed assets | 28 | €75,090 | €75,090 | = | 0.0% |
| Current assets | 29/58 | €3,289,536 | €4,204,525 | +€914,989 | +27.8% |
| Amounts receivable within one year | 40/41 | €2,856,855 | €3,836,107 | +€979,253 | +34.3% |
| Trade receivables | 40 | €19,280 | €103 | -€19,178 | -99.5% |
| Other amounts receivable | 41 | €2,837,574 | €3,836,004 | +€998,430 | +35.2% |
| Cash at bank and in hand | 54/58 | €250,041 | €182,284 | -€67,758 | -27.1% |
| Deferred charges and accrued income | 490/1 | €182,640 | €186,134 | +€3,494 | +1.9% |
| Total equity and liabilities | 10/49 | €3,786,958 | €4,649,182 | +€862,223 | +22.8% |
| Equity | 10/15 | €3,206,416 | €4,338,831 | +€1.1m | +35.3% |
| Contributions | 10/11 | €1,027,832 | €1,027,832 | = | 0.0% |
| Reserves | 13 | €84,200 | €84,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,094,384 | €3,226,798 | +€1.1m | +54.1% |
| Amounts payable | 17/49 | €580,542 | €310,351 | -€270,191 | -46.5% |
| Amounts payable within one year | 42/48 | €580,542 | €310,351 | -€270,191 | -46.5% |
| Trade debts | 44 | €341,000 | €69,551 | -€271,448 | -79.6% |
| Suppliers | 440/4 | €341,000 | €69,551 | -€271,448 | -79.6% |
| Taxes, remuneration and social security | 45 | €216,347 | €214,629 | -€1,718 | -0.8% |
| Taxes | 450/3 | €194,451 | €183,179 | -€11,272 | -5.8% |
| Remuneration and social security | 454/9 | €21,895 | €31,449 | +€9,554 | +43.6% |
| Other amounts payable | 47/48 | €23,196 | €26,171 | +€2,976 | +12.8% |
| Remuneration, social security and pensions | 62 | €278,850 | €326,690 | +€47,840 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,385 | €99,138 | +€39,753 | +66.9% |
| Other operating charges | 640/8 | €474,431 | €473,930 | -€501 | -0.1% |
| Gross operating margin | 9900 | €2,041,239 | €2,460,554 | +€419,315 | +20.5% |
| Operating profit (loss) | 9901 | €1,228,573 | €1,560,796 | +€332,223 | +27.0% |
| Financial income | 75/76B | €65,823 | €49,948 | -€15,875 | -24.1% |
| Recurring financial income | 75 | €65,823 | €49,948 | -€15,875 | -24.1% |
| Financial charges | 65/66B | €18,130 | €26,730 | +€8,601 | +47.4% |
| Recurring financial charges | 65 | €18,130 | €26,730 | +€8,601 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | €1,276,266 | €1,584,014 | +€307,747 | +24.1% |
| Income taxes | 67/77 | €377,703 | €451,599 | +€73,896 | +19.6% |
| Profit (loss) for the period | 9904 | €898,564 | €1,132,414 | +€233,851 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €898,564 | €1,132,414 | +€233,851 | +26.0% |
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 12 October 2026 via checked.be.