Besepa: 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.
Besepa
Largest movements
- Cash +€74,598
up €74,598 (+193.4%), from €38,564 to €113,161
mainly Net result for the year (+€102,213) and Other debts (+€73,444)
- Receivables within one year -€13,205
no longer reported in 2025 (was €13,205)
of which Trade receivables: -€8,784
- Receivables after one year +€12,000
new in 2025: €12,000
- Tangible fixed assets +€1,951
up €1,951 (+181.2%), from €1,076 to €3,028
of which Plant, machinery and equipment: +€1,802
- Other debts +€73,444
up €73,444 (+254.9%), from €28,815 to €102,259
- Tax, wage and social debts +€2,304
up €2,304 (+81.8%), from €2,816 to €5,120
- Gross operating margin +€2,525
up €2,525 (+1.9%), from €129,524 to €132,049
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 | €56,418 | €131,762 | +€75,344 | +133.5% |
| Fixed assets | 21/28 | €1,439 | €3,391 | +€1,951 | +135.5% |
| Tangible fixed assets | 22/27 | €1,076 | €3,028 | +€1,951 | +181.2% |
| Plant, machinery and equipment | 23 | - | €1,802 | +€1,802 | |
| Furniture and vehicles | 24 | €1,076 | €1,225 | +€149 | +13.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €54,978 | €128,371 | +€73,393 | +133.5% |
| Amounts receivable after more than one year | 29 | - | €12,000 | +€12,000 | |
| Other amounts receivable | 291 | - | €12,000 | +€12,000 | |
| Amounts receivable within one year | 40/41 | €13,205 | - | -€13,205 | |
| Trade receivables | 40 | €8,784 | - | -€8,784 | |
| Other amounts receivable | 41 | €4,421 | - | -€4,421 | |
| Cash at bank and in hand | 54/58 | €38,564 | €113,161 | +€74,598 | +193.4% |
| Deferred charges and accrued income | 490/1 | €3,210 | €3,210 | = | 0.0% |
| Total equity and liabilities | 10/49 | €56,418 | €131,762 | +€75,344 | +133.5% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €35,958 | €111,302 | +€75,344 | +209.5% |
| Amounts payable within one year | 42/48 | €35,508 | €110,852 | +€75,344 | +212.2% |
| Trade debts | 44 | €3,876 | €3,473 | -€404 | -10.4% |
| Suppliers | 440/4 | €3,876 | €3,473 | -€404 | -10.4% |
| Taxes, remuneration and social security | 45 | €2,816 | €5,120 | +€2,304 | +81.8% |
| Taxes | 450/3 | €2,816 | €5,120 | +€2,304 | +81.8% |
| Other amounts payable | 47/48 | €28,815 | €102,259 | +€73,444 | +254.9% |
| Accrued charges and deferred income | 492/3 | €450 | €450 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,343 | €1,451 | +€108 | +8.1% |
| Gross operating margin | 9900 | €129,524 | €132,049 | +€2,525 | +1.9% |
| Operating profit (loss) | 9901 | €128,181 | €130,598 | +€2,417 | +1.9% |
| Financial charges | 65/66B | €180 | €265 | +€85 | +47.2% |
| Recurring financial charges | 65 | €180 | €265 | +€85 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €128,001 | €130,333 | +€2,332 | +1.8% |
| Income taxes | 67/77 | €27,816 | €28,120 | +€304 | +1.1% |
| Profit (loss) for the period | 9904 | €100,184 | €102,213 | +€2,029 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,184 | €102,213 | +€2,029 | +2.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.