BESALEC: 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.
BESALEC
Largest movements
- Financial fixed assets -€1.2m
down €1.2m (-8.6%), from €13.5m to €12.3m
- Cash +€799,826
up €799,826 (+130.8%), from €611,266 to €1.4m
mainly Net result for the year (+€1.2m) and Investment in fixed assets (net) (+€1.2m)
- Receivables after one year +€741,041
new in 2025: €741,041
- Reserves +€441,377
up €441,377 (+7.0%), from €6.3m to €6.8m
of which Distributable reserves: +€441,377
- Financial income -€378,833
down €378,833 (-19.8%), from €1.9m to €1.5m
- Financial charges +€115,850
up €115,850, from -€82,991 to €32,859
- Taxes -€55,635
down €55,635 (-23.4%), from €238,250 to €182,615
- Gross operating margin -€31,261
down €31,261 (-53.7%), from -€58,171 to -€89,432
- Other operating charges +€2,814
up €2,814 (+19.5%), from €14,402 to €17,216
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 | €33,522,199 | €33,967,999 | +€445,800 | +1.3% |
| Fixed assets | 21/28 | €13,473,435 | €12,309,713 | -€1.2m | -8.6% |
| Financial fixed assets | 28 | €13,473,435 | €12,309,713 | -€1.2m | -8.6% |
| Current assets | 29/58 | €20,048,764 | €21,658,286 | +€1.6m | +8.0% |
| Amounts receivable after more than one year | 29 | - | €741,041 | +€741,041 | |
| Other amounts receivable | 291 | - | €741,041 | +€741,041 | |
| Amounts receivable within one year | 40/41 | €753,885 | €742,802 | -€11,083 | -1.5% |
| Other amounts receivable | 41 | €753,885 | €742,802 | -€11,083 | -1.5% |
| Current investments | 50/53 | €18,679,821 | €18,762,302 | +€82,481 | +0.4% |
| Cash at bank and in hand | 54/58 | €611,266 | €1,411,093 | +€799,826 | +130.8% |
| Deferred charges and accrued income | 490/1 | €3,791 | €1,048 | -€2,743 | -72.4% |
| Total equity and liabilities | 10/49 | €33,522,199 | €33,967,999 | +€445,800 | +1.3% |
| Equity | 10/15 | €33,521,231 | €33,962,608 | +€441,377 | +1.3% |
| Contributions | 10/11 | €1,620,000 | €1,620,000 | = | 0.0% |
| Capital | 10 | €1,620,000 | €1,620,000 | = | 0.0% |
| Issued capital | 100 | €1,620,000 | €1,620,000 | = | 0.0% |
| Reserves | 13 | €6,337,324 | €6,778,701 | +€441,377 | +7.0% |
| Non-distributable reserves | 130/1 | €162,000 | €162,000 | = | 0.0% |
| Legal reserve | 130 | €162,000 | €162,000 | = | 0.0% |
| Distributable reserves | 133 | €6,175,324 | €6,616,701 | +€441,377 | +7.1% |
| Profit (loss) carried forward | 14 | €25,563,907 | €25,563,907 | = | 0.0% |
| Amounts payable | 17/49 | €968 | €5,391 | +€4,423 | +457.2% |
| Amounts payable within one year | 42/48 | €968 | €5,391 | +€4,423 | +457.2% |
| Trade debts | 44 | - | €5,391 | +€5,391 | |
| Suppliers | 440/4 | - | €5,391 | +€5,391 | |
| Other amounts payable | 47/48 | €968 | €0 | -€968 | -100.0% |
| Other operating charges | 640/8 | €14,402 | €17,216 | +€2,814 | +19.5% |
| Gross operating margin | 9900 | -€58,171 | -€89,432 | -€31,261 | -53.7% |
| Operating profit (loss) | 9901 | -€72,572 | -€106,648 | -€34,075 | -47.0% |
| Financial income | 75/76B | €1,917,331 | €1,538,498 | -€378,833 | -19.8% |
| Recurring financial income | 75 | €1,917,331 | €1,538,498 | -€378,833 | -19.8% |
| Financial charges | 65/66B | -€82,991 | €32,859 | +€115,850 | |
| Recurring financial charges | 65 | -€82,991 | €32,859 | +€115,850 | |
| Profit (loss) for the period before taxes | 9903 | €1,927,750 | €1,398,991 | -€528,758 | -27.4% |
| Income taxes | 67/77 | €238,250 | €182,615 | -€55,635 | -23.4% |
| Profit (loss) for the period | 9904 | €1,689,500 | €1,216,377 | -€473,123 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,689,500 | €1,216,377 | -€473,123 | -28.0% |
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 8 October 2026 via checked.be.