BESCO: 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.
BESCO
Largest movements
- Receivables within one year -€143,450
down €143,450 (-26.7%), from €536,649 to €393,199
of which Trade receivables: -€149,699
- Cash -€122,070
down €122,070 (-61.7%), from €197,803 to €75,733
mainly Net result for the year (-€414,953) and Tax, wage and social debts (-€94,514)
- Tangible fixed assets -€39,349
down €39,349 (-35.0%), from €112,451 to €73,102
of which Furniture and vehicles: -€38,592
- Current investments -€20,221
down €20,221 (-84.2%), from €24,001 to €3,780
- Profit (loss) carried forward -€414,953
down €414,953 (-66.0%), from -€628,914 to -€1.0m
- Trade debts +€177,006
up €177,006 (+290%), from €60,962 to €237,968
- Tax, wage and social debts -€94,514
down €94,514 (-32.7%), from €288,860 to €194,346
of which Remuneration and social security: -€73,033
- Gross operating margin -€382,884
down €382,884 (-18.5%), from €2.1m to €1.7m
- Depreciation -€44,938
down €44,938 (-46.9%), from €95,915 to €50,977
- Staff costs +€29,208
up €29,208 (+1.5%), from €2.0m to €2.0m
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 | €899,311 | €566,787 | -€332,524 | -37.0% |
| Formation expenses | 20 | €1,797 | €0 | -€1,797 | -100% |
| Fixed assets | 21/28 | €112,451 | €73,102 | -€39,349 | -35.0% |
| Tangible fixed assets | 22/27 | €112,451 | €73,102 | -€39,349 | -35.0% |
| Furniture and vehicles | 24 | €107,603 | €69,010 | -€38,592 | -35.9% |
| Other tangible fixed assets | 26 | €4,848 | €4,092 | -€756 | -15.6% |
| Current assets | 29/58 | €785,063 | €493,684 | -€291,378 | -37.1% |
| Amounts receivable within one year | 40/41 | €536,649 | €393,199 | -€143,450 | -26.7% |
| Trade receivables | 40 | €530,700 | €381,001 | -€149,699 | -28.2% |
| Other amounts receivable | 41 | €5,949 | €12,198 | +€6,249 | +105% |
| Current investments | 50/53 | €24,001 | €3,780 | -€20,221 | -84.2% |
| Cash at bank and in hand | 54/58 | €197,803 | €75,733 | -€122,070 | -61.7% |
| Deferred charges and accrued income | 490/1 | €26,610 | €20,972 | -€5,638 | -21.2% |
| Total equity and liabilities | 10/49 | €899,311 | €566,787 | -€332,524 | -37.0% |
| Equity | 10/15 | €507,449 | €92,496 | -€414,953 | -81.8% |
| Contributions | 10/11 | €602,000 | €602,000 | = | 0.0% |
| Capital | 10 | €602,000 | €602,000 | = | 0.0% |
| Issued capital | 100 | €602,000 | €602,000 | = | 0.0% |
| Reserves | 13 | €534,363 | €534,363 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,363 | €19,363 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,163 | €13,163 | = | 0.0% |
| Distributable reserves | 133 | €515,000 | €515,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€628,914 | -€1,043,867 | -€414,953 | -66.0% |
| Amounts payable | 17/49 | €391,862 | €474,291 | +€82,429 | +21.0% |
| Amounts payable after more than one year | 17 | €5,400 | €9,297 | +€3,897 | +72.2% |
| Financial debts | 170/4 | €5,400 | €9,297 | +€3,897 | +72.2% |
| Amounts payable within one year | 42/48 | €375,912 | €455,671 | +€79,759 | +21.2% |
| Trade debts | 44 | €60,962 | €237,968 | +€177,006 | +290% |
| Suppliers | 440/4 | €60,962 | €237,968 | +€177,006 | +290% |
| Taxes, remuneration and social security | 45 | €288,860 | €194,346 | -€94,514 | -32.7% |
| Taxes | 450/3 | €49,876 | €28,395 | -€21,481 | -43.1% |
| Remuneration and social security | 454/9 | €238,984 | €165,951 | -€73,033 | -30.6% |
| Other amounts payable | 47/48 | €26,090 | €23,357 | -€2,732 | -10.5% |
| Accrued charges and deferred income | 492/3 | €10,550 | €9,323 | -€1,227 | -11.6% |
| Remuneration, social security and pensions | 62 | €1,998,665 | €2,027,872 | +€29,208 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,915 | €50,977 | -€44,938 | -46.9% |
| Other operating charges | 640/8 | €19,568 | €15,697 | -€3,871 | -19.8% |
| Gross operating margin | 9900 | €2,067,818 | €1,684,934 | -€382,884 | -18.5% |
| Operating profit (loss) | 9901 | -€46,330 | -€409,613 | -€363,283 | -784% |
| Financial income | 75/76B | €115 | €0 | -€114 | -99.7% |
| Recurring financial income | 75 | €115 | €0 | -€114 | -99.7% |
| Financial charges | 65/66B | €4,903 | €1,552 | -€3,351 | -68.3% |
| Recurring financial charges | 65 | €4,903 | €1,552 | -€3,351 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | -€51,118 | -€411,164 | -€360,047 | -704% |
| Income taxes | 67/77 | €4,164 | €3,789 | -€375 | -9.0% |
| Profit (loss) for the period | 9904 | -€55,281 | -€414,953 | -€359,671 | -651% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,281 | -€414,953 | -€359,671 | -651% |
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 23 October 2026 via checked.be.