BESADI: 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.
BESADI
Largest movements
- Cash +€68,463
up €68,463 (+63.2%), from €108,354 to €176,817
mainly Depreciation (+€67,210) and Receivables after one year (+€50,000)
- Tangible fixed assets -€67,210
down €67,210 (-1.6%), from €4.2m to €4.1m
of which Land and buildings: -€62,595
- Receivables after one year -€50,000
down €50,000 (-31.3%), from €160,000 to €110,000
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges +€28,709
up €28,709 (+253%), from €11,365 to €40,074
- Financial charges -€20,115
down €20,115 (-98.8%), from €20,357 to €243
- Taxes +€19,998
up €19,998 (+343%), from €5,838 to €25,837
- Gross operating margin +€12,337
up €12,337 (+12.8%), from €96,209 to €108,546
- Depreciation +€1,695
up €1,695 (+2.6%), from €65,515 to €67,210
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.
Derived cash bridge
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 | €4,671,387 | €4,616,191 | -€55,196 | -1.2% |
| Fixed assets | 21/28 | €4,392,642 | €4,325,431 | -€67,210 | -1.5% |
| Tangible fixed assets | 22/27 | €4,200,122 | €4,132,911 | -€67,210 | -1.6% |
| Land and buildings | 22 | €4,185,359 | €4,122,764 | -€62,595 | -1.5% |
| Plant, machinery and equipment | 23 | €1,820 | €1,444 | -€376 | -20.6% |
| Furniture and vehicles | 24 | €12,942 | €8,703 | -€4,239 | -32.8% |
| Financial fixed assets | 28 | €192,520 | €192,520 | = | 0.0% |
| Current assets | 29/58 | €278,745 | €290,759 | +€12,014 | +4.3% |
| Amounts receivable after more than one year | 29 | €160,000 | €110,000 | -€50,000 | -31.3% |
| Other amounts receivable | 291 | €160,000 | €110,000 | -€50,000 | -31.3% |
| Amounts receivable within one year | 40/41 | €8,546 | €3,943 | -€4,604 | -53.9% |
| Trade receivables | 40 | €3,943 | €3,943 | = | 0.0% |
| Other amounts receivable | 41 | €4,604 | - | -€4,604 | |
| Cash at bank and in hand | 54/58 | €108,354 | €176,817 | +€68,463 | +63.2% |
| Deferred charges and accrued income | 490/1 | €1,846 | - | -€1,846 | |
| Total equity and liabilities | 10/49 | €4,671,387 | €4,616,191 | -€55,196 | -1.2% |
| Equity | 10/15 | €3,565,795 | €3,546,349 | -€19,446 | -0.5% |
| Contributions | 10/11 | €1,260,000 | €1,260,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,875,803 | €1,875,803 | = | 0.0% |
| Reserves | 13 | €467,621 | €465,146 | -€2,475 | -0.5% |
| Tax-exempt reserves | 132 | €39,174 | €36,699 | -€2,475 | -6.3% |
| Distributable reserves | 133 | €428,447 | €428,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,629 | -€54,599 | -€16,971 | -45.1% |
| Provisions and deferred taxes | 16 | €14,296 | €13,677 | -€619 | -4.3% |
| Deferred taxes | 168 | €14,296 | €13,677 | -€619 | -4.3% |
| Amounts payable | 17/49 | €1,091,296 | €1,056,165 | -€35,131 | -3.2% |
| Amounts payable within one year | 42/48 | €1,091,296 | €1,056,165 | -€35,131 | -3.2% |
| Trade debts | 44 | €18,947 | €12,865 | -€6,083 | -32.1% |
| Suppliers | 440/4 | €18,947 | €12,865 | -€6,083 | -32.1% |
| Taxes, remuneration and social security | 45 | €39,433 | €9,696 | -€29,738 | -75.4% |
| Taxes | 450/3 | €39,433 | €9,696 | -€29,738 | -75.4% |
| Other amounts payable | 47/48 | €1,032,915 | €1,033,604 | +€689 | +0.1% |
| Non-recurring operating income | 76A | - | €3,150 | +€3,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,515 | €67,210 | +€1,695 | +2.6% |
| Other operating charges | 640/8 | €11,365 | €40,074 | +€28,709 | +253% |
| Gross operating margin | 9900 | €96,209 | €108,546 | +€12,337 | +12.8% |
| Operating profit (loss) | 9901 | €19,329 | €1,261 | -€18,067 | -93.5% |
| Financial income | 75/76B | €5,129 | €4,753 | -€376 | -7.3% |
| Recurring financial income | 75 | €5,129 | €4,753 | -€376 | -7.3% |
| Financial charges | 65/66B | €20,357 | €243 | -€20,115 | -98.8% |
| Recurring financial charges | 65 | €20,357 | €243 | -€20,115 | -98.8% |
| Profit (loss) for the period before taxes | 9903 | €4,100 | €5,772 | +€1,672 | +40.8% |
| Transfer from deferred taxes | 780 | €619 | €619 | = | 0.0% |
| Income taxes | 67/77 | €5,838 | €25,837 | +€19,998 | +343% |
| Profit (loss) for the period | 9904 | -€1,119 | -€19,446 | -€18,327 | -1,637% |
| Transfer from tax-exempt reserves | 789 | €2,475 | €2,475 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,356 | -€16,971 | -€18,327 |
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 14 October 2026 via checked.be.