BESDI: 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.
BESDI
Largest movements
- Tangible fixed assets -€26,741
down €26,741 (-30.0%), from €89,010 to €62,270
of which Other tangible fixed assets: -€19,726
- Cash +€7,601
up €7,601 (+13.0%), from €58,665 to €66,266
mainly Depreciation (+€26,741) and Other debts (+€21,964)
- Deferred charges and accrued income -€1,814
down €1,814 (-32.4%), from €5,598 to €3,783
- Other debts +€21,964
up €21,964 (+724.9%), from €3,030 to €24,994
- Debts after one year -€20,615
down €20,615 (-45.3%), from €45,485 to €24,870
- Reserves -€15,140
down €15,140 (-16.2%), from €93,255 to €78,115
- Tax, wage and social debts -€4,176
down €4,176 (-40.5%), from €10,318 to €6,142
of which Remuneration and social security: -€2,484
- Staff costs +€24,120
up €24,120 (+38.5%), from €62,673 to €86,794
- Gross operating margin +€20,754
up €20,754 (+19.2%), from €108,273 to €129,028
- Depreciation +€1,947
up €1,947 (+7.9%), from €24,793 to €26,741
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 | €181,036 | €161,985 | -€19,051 | -10.5% |
| Fixed assets | 21/28 | €92,410 | €65,670 | -€26,741 | -28.9% |
| Tangible fixed assets | 22/27 | €89,010 | €62,270 | -€26,741 | -30.0% |
| Plant, machinery and equipment | 23 | €318 | €20 | -€298 | -93.7% |
| Furniture and vehicles | 24 | €27,255 | €20,539 | -€6,716 | -24.6% |
| Other tangible fixed assets | 26 | €61,437 | €41,711 | -€19,726 | -32.1% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €88,626 | €96,315 | +€7,690 | +8.7% |
| Stocks and contracts in progress | 3 | €22,604 | €24,116 | +€1,512 | +6.7% |
| Stocks | 30/36 | €22,604 | €24,116 | +€1,512 | +6.7% |
| Amounts receivable within one year | 40/41 | €1,759 | €2,150 | +€391 | +22.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,759 | €2,150 | +€391 | +22.2% |
| Cash at bank and in hand | 54/58 | €58,665 | €66,266 | +€7,601 | +13.0% |
| Deferred charges and accrued income | 490/1 | €5,598 | €3,783 | -€1,814 | -32.4% |
| Total equity and liabilities | 10/49 | €181,036 | €161,985 | -€19,051 | -10.5% |
| Equity | 10/15 | €94,255 | €79,115 | -€15,140 | -16.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €93,255 | €78,115 | -€15,140 | -16.2% |
| Distributable reserves | 133 | €93,255 | €78,115 | -€15,140 | -16.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €86,781 | €82,871 | -€3,911 | -4.5% |
| Amounts payable after more than one year | 17 | €45,485 | €24,870 | -€20,615 | -45.3% |
| Financial debts | 170/4 | €45,485 | €24,870 | -€20,615 | -45.3% |
| Amounts payable within one year | 42/48 | €40,994 | €58,001 | +€17,007 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €20,164 | €20,615 | +€451 | +2.2% |
| Financial debts | 43 | €292 | €12 | -€280 | -95.9% |
| Credit institutions | 430/8 | €292 | €12 | -€280 | -95.9% |
| Trade debts | 44 | €7,190 | €6,238 | -€952 | -13.2% |
| Suppliers | 440/4 | €7,190 | €6,238 | -€952 | -13.2% |
| Taxes, remuneration and social security | 45 | €10,318 | €6,142 | -€4,176 | -40.5% |
| Taxes | 450/3 | €7,834 | €6,142 | -€1,692 | -21.6% |
| Remuneration and social security | 454/9 | €2,484 | €0 | -€2,484 | -100.0% |
| Other amounts payable | 47/48 | €3,030 | €24,994 | +€21,964 | +724.9% |
| Accrued charges and deferred income | 492/3 | €302 | €0 | -€302 | -100.0% |
| Remuneration, social security and pensions | 62 | €62,673 | €86,794 | +€24,120 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,793 | €26,741 | +€1,947 | +7.9% |
| Other operating charges | 640/8 | €1,826 | €1,376 | -€450 | -24.7% |
| Gross operating margin | 9900 | €108,273 | €129,028 | +€20,754 | +19.2% |
| Operating profit (loss) | 9901 | €18,981 | €14,118 | -€4,863 | -25.6% |
| Financial income | 75/76B | €306 | €80 | -€226 | -73.9% |
| Recurring financial income | 75 | €306 | €80 | -€226 | -73.9% |
| Financial charges | 65/66B | €2,986 | €2,505 | -€481 | -16.1% |
| Recurring financial charges | 65 | €2,986 | €2,505 | -€481 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €16,301 | €11,693 | -€4,608 | -28.3% |
| Income taxes | 67/77 | €5,958 | €4,926 | -€1,033 | -17.3% |
| Profit (loss) for the period | 9904 | €10,343 | €6,767 | -€3,576 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,343 | €6,767 | -€3,576 | -34.6% |
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 9 October 2026 via checked.be.