BEVACO: 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.
BEVACO
Largest movements
- Cash -€32,390
down €32,390 (-15.1%), from €213,808 to €181,418
mainly Contributions, distributions and other (-€64,549) and Investment in fixed assets (net) (-€3,132)
- Receivables within one year -€7,972
down €7,972 (-24.8%), from €32,107 to €24,135
of which Other amounts receivable: -€4,156
- Reserves -€36,276
down €36,276 (-16.2%), from €223,542 to €187,266
of which Distributable reserves: -€36,276
- Trade debts -€2,950
no longer reported in 2025 (was €2,950)
- Gross operating margin +€1,554
up €1,554 (+4.0%), from €38,903 to €40,457
- Taxes +€885
up €885 (+8.5%), from €10,358 to €11,243
- Financial income +€594
up €594 (+48.3%), from €1,230 to €1,824
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 | €249,128 | €209,665 | -€39,463 | -15.8% |
| Fixed assets | 21/28 | €3,213 | €4,112 | +€899 | +28.0% |
| Tangible fixed assets | 22/27 | €3,213 | €4,112 | +€899 | +28.0% |
| Furniture and vehicles | 24 | €3,213 | €4,112 | +€899 | +28.0% |
| Current assets | 29/58 | €245,915 | €205,553 | -€40,362 | -16.4% |
| Amounts receivable within one year | 40/41 | €32,107 | €24,135 | -€7,972 | -24.8% |
| Trade receivables | 40 | €18,929 | €15,113 | -€3,816 | -20.2% |
| Other amounts receivable | 41 | €13,178 | €9,022 | -€4,156 | -31.5% |
| Cash at bank and in hand | 54/58 | €213,808 | €181,418 | -€32,390 | -15.1% |
| Total equity and liabilities | 10/49 | €249,128 | €209,665 | -€39,463 | -15.8% |
| Equity | 10/15 | €242,142 | €205,866 | -€36,276 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €223,542 | €187,266 | -€36,276 | -16.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €221,682 | €185,406 | -€36,276 | -16.4% |
| Amounts payable | 17/49 | €6,986 | €3,799 | -€3,187 | -45.6% |
| Amounts payable within one year | 42/48 | €6,986 | €3,799 | -€3,187 | -45.6% |
| Trade debts | 44 | €2,950 | - | -€2,950 | |
| Suppliers | 440/4 | €2,950 | - | -€2,950 | |
| Taxes, remuneration and social security | 45 | €4,036 | €3,239 | -€797 | -19.7% |
| Taxes | 450/3 | €4,036 | €3,239 | -€797 | -19.7% |
| Other amounts payable | 47/48 | - | €560 | +€560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,339 | €2,233 | -€106 | -4.5% |
| Other operating charges | 640/8 | €450 | €462 | +€12 | +2.7% |
| Gross operating margin | 9900 | €38,903 | €40,457 | +€1,554 | +4.0% |
| Operating profit (loss) | 9901 | €36,114 | €37,762 | +€1,648 | +4.6% |
| Financial income | 75/76B | €1,230 | €1,824 | +€594 | +48.3% |
| Recurring financial income | 75 | €1,230 | €1,824 | +€594 | +48.3% |
| Financial charges | 65/66B | €77 | €70 | -€7 | -9.1% |
| Recurring financial charges | 65 | €77 | €70 | -€7 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €37,267 | €39,516 | +€2,249 | +6.0% |
| Income taxes | 67/77 | €10,358 | €11,243 | +€885 | +8.5% |
| Profit (loss) for the period | 9904 | €26,909 | €28,273 | +€1,364 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,909 | €28,273 | +€1,364 | +5.1% |
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 27 October 2026 via checked.be.