BEVALAN: 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.
BEVALAN
Largest movements
- Tangible fixed assets -€109,414
down €109,414 (-19.8%), from €552,498 to €443,084
of which Land and buildings: -€114,140
- Cash -€48,562
down €48,562 (-75.6%), from €64,227 to €15,665
mainly Short-term financial debts (-€100,000) and Net result for the year (-€41,908)
- Deferred charges and accrued income -€11,416
down €11,416 (-12.7%), from €89,825 to €78,409
- Short-term financial debts -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Profit (loss) carried forward -€41,908
down €41,908, from €0 to -€41,908
- Trade debts -€17,122
down €17,122 (-68.8%), from €24,897 to €7,775
- Debts after one year -€9,000
down €9,000 (-10.9%), from €82,389 to €73,389
- Gross operating margin -€54,568
down €54,568 (-66.3%), from €82,300 to €27,733
- Taxes -€13,457
down €13,457 (-98.9%), from €13,610 to €153
- Depreciation -€12,245
down €12,245 (-91.9%), from €13,319 to €1,074
- Financial charges -€7,464
down €7,464 (-95.6%), from €7,808 to €344
- Other operating charges -€3,698
down €3,698 (-70.2%), from €5,264 to €1,566
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 | €717,449 | €553,511 | -€163,937 | -22.9% |
| Fixed assets | 21/28 | €552,498 | €443,084 | -€109,414 | -19.8% |
| Tangible fixed assets | 22/27 | €552,498 | €443,084 | -€109,414 | -19.8% |
| Land and buildings | 22 | €552,498 | €438,358 | -€114,140 | -20.7% |
| Furniture and vehicles | 24 | - | €4,726 | +€4,726 | |
| Current assets | 29/58 | €164,951 | €110,427 | -€54,523 | -33.1% |
| Amounts receivable within one year | 40/41 | €10,899 | €16,354 | +€5,455 | +50.1% |
| Trade receivables | 40 | €2,813 | €7,022 | +€4,209 | +149.6% |
| Other amounts receivable | 41 | €8,086 | €9,332 | +€1,246 | +15.4% |
| Cash at bank and in hand | 54/58 | €64,227 | €15,665 | -€48,562 | -75.6% |
| Deferred charges and accrued income | 490/1 | €89,825 | €78,409 | -€11,416 | -12.7% |
| Total equity and liabilities | 10/49 | €717,449 | €553,511 | -€163,937 | -22.9% |
| Equity | 10/15 | €93,786 | €51,878 | -€41,908 | -44.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €73,786 | €73,786 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €31,686 | €31,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€41,908 | -€41,908 | |
| Amounts payable | 17/49 | €623,663 | €501,634 | -€122,029 | -19.6% |
| Amounts payable after more than one year | 17 | €82,389 | €73,389 | -€9,000 | -10.9% |
| Financial debts | 170/4 | €82,389 | €73,389 | -€9,000 | -10.9% |
| Amounts payable within one year | 42/48 | €541,274 | €428,244 | -€113,030 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €8,640 | €9,000 | +€360 | +4.2% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100.0% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100.0% |
| Trade debts | 44 | €24,897 | €7,775 | -€17,122 | -68.8% |
| Suppliers | 440/4 | €24,897 | €7,775 | -€17,122 | -68.8% |
| Taxes, remuneration and social security | 45 | €3,866 | €1,916 | -€1,950 | -50.4% |
| Taxes | 450/3 | €3,866 | €1,916 | -€1,950 | -50.4% |
| Other amounts payable | 47/48 | €403,871 | €409,554 | +€5,683 | +1.4% |
| Non-recurring operating income | 76A | €55,311 | €0 | -€55,311 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,319 | €1,074 | -€12,245 | -91.9% |
| Other operating charges | 640/8 | €5,264 | €1,566 | -€3,698 | -70.2% |
| Non-recurring operating charges | 66A | - | €66,503 | +€66,503 | |
| Gross operating margin | 9900 | €82,300 | €27,733 | -€54,568 | -66.3% |
| Operating profit (loss) | 9901 | €63,717 | -€41,411 | -€105,129 | |
| Financial income | 75/76B | €72 | €0 | -€72 | -100.0% |
| Recurring financial income | 75 | €72 | €0 | -€72 | -100.0% |
| Financial charges | 65/66B | €7,808 | €344 | -€7,464 | -95.6% |
| Recurring financial charges | 65 | €7,808 | €344 | -€7,464 | -95.6% |
| Profit (loss) for the period before taxes | 9903 | €55,982 | -€41,755 | -€97,737 | |
| Income taxes | 67/77 | €13,610 | €153 | -€13,457 | -98.9% |
| Profit (loss) for the period | 9904 | €42,372 | -€41,908 | -€84,280 | |
| Transfer to tax-exempt reserves | 689 | €42,100 | €0 | -€42,100 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €272 | -€41,908 | -€42,180 |
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 7 October 2026 via checked.be.