BEPS: 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.
BEPS
Largest movements
- Tangible fixed assets -€76,339
down €76,339 (-25.3%), from €302,225 to €225,886
of which Furniture and vehicles: -€45,582
- Cash +€66,484
up €66,484 (+3.4%), from €2.0m to €2.0m
mainly Net result for the year (+€189,993) and Current portion of long-term debt (+€156,599)
- Debts after one year -€464,996
down €464,996 (-31.8%), from €1.5m to €997,324
- Profit (loss) carried forward +€189,993
up €189,993 (+25.1%), from -€756,721 to -€566,728
- Current portion of long-term debt +€156,599
up €156,599 (+50.8%), from €308,398 to €464,996
- Advances received +€122,385
up €122,385 (+24.7%), from €494,508 to €616,893
- Tax, wage and social debts -€40,948
down €40,948 (-6.7%), from €609,977 to €569,029
of which Taxes: -€34,602
- Gross operating margin -€476,941
down €476,941 (-8.8%), from €5.4m to €4.9m
- Staff costs +€151,275
up €151,275 (+3.5%), from €4.4m to €4.5m
- Taxes -€147,068
down €147,068 (-62.3%), from €236,092 to €89,024
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 | €2,339,417 | €2,325,187 | -€14,230 | -0.6% |
| Fixed assets | 21/28 | €307,342 | €228,999 | -€78,343 | -25.5% |
| Intangible fixed assets | 21 | €3,841 | €1,837 | -€2,004 | -52.2% |
| Tangible fixed assets | 22/27 | €302,225 | €225,886 | -€76,339 | -25.3% |
| Plant, machinery and equipment | 23 | €44,378 | €30,684 | -€13,693 | -30.9% |
| Furniture and vehicles | 24 | €166,312 | €120,730 | -€45,582 | -27.4% |
| Other tangible fixed assets | 26 | €91,536 | €74,472 | -€17,063 | -18.6% |
| Financial fixed assets | 28 | €1,276 | €1,276 | = | 0.0% |
| Current assets | 29/58 | €2,032,075 | €2,096,188 | +€64,112 | +3.2% |
| Amounts receivable within one year | 40/41 | €51,719 | €60,440 | +€8,721 | +16.9% |
| Trade receivables | 40 | €51,719 | €41,780 | -€9,939 | -19.2% |
| Other amounts receivable | 41 | - | €18,660 | +€18,660 | |
| Cash at bank and in hand | 54/58 | €1,959,136 | €2,025,619 | +€66,484 | +3.4% |
| Deferred charges and accrued income | 490/1 | €21,221 | €10,129 | -€11,092 | -52.3% |
| Total equity and liabilities | 10/49 | €2,339,417 | €2,325,187 | -€14,230 | -0.6% |
| Equity | 10/15 | -€750,523 | -€541,939 | +€208,585 | +27.8% |
| Contributions | 10/11 | €6,197 | €24,789 | +€18,592 | +300.0% |
| Profit (loss) carried forward | 14 | -€756,721 | -€566,728 | +€189,993 | +25.1% |
| Amounts payable | 17/49 | €3,089,941 | €2,867,126 | -€222,815 | -7.2% |
| Amounts payable after more than one year | 17 | €1,462,320 | €997,324 | -€464,996 | -31.8% |
| Financial debts | 170/4 | €1,462,320 | €997,324 | -€464,996 | -31.8% |
| Amounts payable within one year | 42/48 | €1,495,845 | €1,742,410 | +€246,565 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €308,398 | €464,996 | +€156,599 | +50.8% |
| Trade debts | 44 | €82,962 | €91,491 | +€8,529 | +10.3% |
| Suppliers | 440/4 | €82,962 | €91,491 | +€8,529 | +10.3% |
| Advances received on contracts in progress | 46 | €494,508 | €616,893 | +€122,385 | +24.7% |
| Taxes, remuneration and social security | 45 | €609,977 | €569,029 | -€40,948 | -6.7% |
| Taxes | 450/3 | €151,280 | €116,678 | -€34,602 | -22.9% |
| Remuneration and social security | 454/9 | €458,697 | €452,352 | -€6,346 | -1.4% |
| Accrued charges and deferred income | 492/3 | €131,775 | €127,392 | -€4,383 | -3.3% |
| Remuneration, social security and pensions | 62 | €4,378,802 | €4,530,077 | +€151,275 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,071 | €96,918 | -€3,153 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,433 | -€18,063 | -€28,496 | |
| Other operating charges | 640/8 | €1,351 | €15,950 | +€14,599 | +1080.4% |
| Non-recurring operating charges | 66A | €1,776 | - | -€1,776 | |
| Gross operating margin | 9900 | €5,409,194 | €4,932,253 | -€476,941 | -8.8% |
| Operating profit (loss) | 9901 | €916,761 | €307,371 | -€609,389 | -66.5% |
| Financial income | 75/76B | €72 | €25,096 | +€25,024 | +34563.2% |
| Recurring financial income | 75 | €72 | €25,096 | +€25,024 | +34563.2% |
| Financial charges | 65/66B | €63,945 | €53,451 | -€10,494 | -16.4% |
| Recurring financial charges | 65 | €63,945 | €53,451 | -€10,494 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €852,888 | €279,017 | -€573,871 | -67.3% |
| Income taxes | 67/77 | €236,092 | €89,024 | -€147,068 | -62.3% |
| Profit (loss) for the period | 9904 | €616,796 | €189,993 | -€426,803 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €616,796 | €189,993 | -€426,803 | -69.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.