BEVAG: 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.
BEVAG
Largest movements
- Current investments +€255,252
up €255,252 (+1,038%), from €24,588 to €279,840
- Financial fixed assets -€106,749
down €106,749 (-95.5%), from €111,750 to €5,001
- Receivables within one year -€58,996
down €58,996 (-22.1%), from €267,416 to €208,421
of which Trade receivables: -€48,773
- Tangible fixed assets -€54,833
down €54,833 (-7.3%), from €751,381 to €696,548
of which Land and buildings: -€40,227
- Cash +€18,596
up €18,596 (+11.6%), from €160,065 to €178,662
mainly Investment in fixed assets (net) (+€112,809) and Net result for the year (+€95,936)
- Reserves +€95,936
up €95,936 (+15.4%), from €622,980 to €718,916
of which Tax-exempt reserves: +€86,752
- Debts after one year -€88,001
down €88,001 (-33.6%), from €261,940 to €173,940
- Provisions +€28,917
new in 2025: €28,917
- Other debts +€27,828
up €27,828 (+36.2%), from €76,848 to €104,676
- Tax, wage and social debts -€18,410
down €18,410 (-43.6%), from €42,263 to €23,852
of which Taxes: -€18,410
- Gross operating margin +€179,646
up €179,646 (+180%), from €99,711 to €279,358
- Financial charges +€112,826
up €112,826 (+922%), from €12,235 to €125,061
of which Non-recurring financial charges: +€106,749
- Financial income +€61,079
up €61,079 (+1,786%), from €3,419 to €64,499
- Taxes +€29,652
up €29,652 (+295%), from €10,035 to €39,686
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 | €1,322,645 | €1,375,827 | +€53,182 | +4.0% |
| Fixed assets | 21/28 | €863,131 | €701,549 | -€161,582 | -18.7% |
| Tangible fixed assets | 22/27 | €751,381 | €696,548 | -€54,833 | -7.3% |
| Land and buildings | 22 | €693,180 | €652,954 | -€40,227 | -5.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €58,201 | €43,594 | -€14,607 | -25.1% |
| Financial fixed assets | 28 | €111,750 | €5,001 | -€106,749 | -95.5% |
| Current assets | 29/58 | €459,514 | €674,278 | +€214,764 | +46.7% |
| Amounts receivable within one year | 40/41 | €267,416 | €208,421 | -€58,996 | -22.1% |
| Trade receivables | 40 | €105,954 | €57,181 | -€48,773 | -46.0% |
| Other amounts receivable | 41 | €161,462 | €151,239 | -€10,223 | -6.3% |
| Current investments | 50/53 | €24,588 | €279,840 | +€255,252 | +1,038% |
| Cash at bank and in hand | 54/58 | €160,065 | €178,662 | +€18,596 | +11.6% |
| Deferred charges and accrued income | 490/1 | €7,444 | €7,356 | -€89 | -1.2% |
| Total equity and liabilities | 10/49 | €1,322,645 | €1,375,827 | +€53,182 | +4.0% |
| Equity | 10/15 | €851,266 | €947,202 | +€95,936 | +11.3% |
| Contributions | 10/11 | €218,948 | €218,948 | = | 0.0% |
| Revaluation surpluses | 12 | €9,338 | €9,338 | = | 0.0% |
| Reserves | 13 | €622,980 | €718,916 | +€95,936 | +15.4% |
| Tax-exempt reserves | 132 | €37,500 | €124,252 | +€86,752 | +231% |
| Distributable reserves | 133 | €585,480 | €594,664 | +€9,184 | +1.6% |
| Provisions and deferred taxes | 16 | - | €28,917 | +€28,917 | |
| Deferred taxes | 168 | - | €28,917 | +€28,917 | |
| Amounts payable | 17/49 | €471,379 | €399,708 | -€71,671 | -15.2% |
| Amounts payable after more than one year | 17 | €261,940 | €173,940 | -€88,001 | -33.6% |
| Financial debts | 170/4 | €261,940 | €173,940 | -€88,001 | -33.6% |
| Amounts payable within one year | 42/48 | €208,471 | €224,770 | +€16,299 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €88,001 | €88,296 | +€295 | +0.3% |
| Trade debts | 44 | €1,359 | €7,946 | +€6,586 | +485% |
| Suppliers | 440/4 | €1,359 | €7,946 | +€6,586 | +485% |
| Taxes, remuneration and social security | 45 | €42,263 | €23,852 | -€18,410 | -43.6% |
| Taxes | 450/3 | €40,763 | €22,352 | -€18,410 | -45.2% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €76,848 | €104,676 | +€27,828 | +36.2% |
| Accrued charges and deferred income | 492/3 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating income | 76A | €0 | €115,669 | +€115,669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,587 | €48,774 | -€1,813 | -3.6% |
| Other operating charges | 640/8 | €5,638 | €5,482 | -€156 | -2.8% |
| Gross operating margin | 9900 | €99,711 | €279,358 | +€179,646 | +180% |
| Operating profit (loss) | 9901 | €43,487 | €225,102 | +€181,615 | +418% |
| Financial income | 75/76B | €3,419 | €64,499 | +€61,079 | +1,786% |
| Recurring financial income | 75 | €3,419 | €64,499 | +€61,079 | +1,786% |
| Financial charges | 65/66B | €12,235 | €125,061 | +€112,826 | +922% |
| Recurring financial charges | 65 | €12,235 | €18,312 | +€6,077 | +49.7% |
| Non-recurring financial charges | 66B | - | €106,749 | +€106,749 | |
| Profit (loss) for the period before taxes | 9903 | €34,671 | €164,539 | +€129,869 | +375% |
| Transfer to deferred taxes | 680 | - | €28,917 | +€28,917 | |
| Income taxes | 67/77 | €10,035 | €39,686 | +€29,652 | +295% |
| Profit (loss) for the period | 9904 | €24,636 | €95,936 | +€71,300 | +289% |
| Transfer to tax-exempt reserves | 689 | - | €86,752 | +€86,752 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,636 | €9,184 | -€15,452 | -62.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.