Bevax: 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.
What changed
Bevax
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€368,405
2024 · -€241,627-€126,778
Equity
€2.4m
2024 · €2.8m-€368,405
Cash
€42,488
2024 · €14,556+€27,932
Balance sheet total
€4.8m
2024 · €5.2m-€466,978
Largest movements
Assets
- Receivables after one year -€340,773
down €340,773 (-12.8%), from €2.7m to €2.3m
- Tangible fixed assets -€171,118
down €171,118 (-10.1%), from €1.7m to €1.5m
of which Land and buildings: -€89,293
- Financial fixed assets +€109,997
up €109,997 (+219994.3%), from €50 to €110,047
Equity and liabilities
- Profit (loss) carried forward -€368,405
down €368,405 (-44.0%), from -€837,552 to -€1.2m
- Current portion of long-term debt -€165,429
down €165,429 (-52.6%), from €314,333 to €148,904
Income statement
- Financial income -€98,942
down €98,942 (-41.5%), from €238,472 to €139,530
- Financial charges +€40,198
up €40,198 (+52.6%), from €76,395 to €116,593
- Gross operating margin +€13,062
up €13,062 (+6.1%), from -€215,456 to -€202,394
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.
Result 2024
-€241,627
Gross operating margin
+€13,062
Depreciation
-€51
Other operating charges
-€598
Financial income
-€98,942
Financial charges
-€40,198
Taxes
-€51
Result 2025
-€368,405
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.
From operations
+€232,369
Investment
-€59,149
Financing
-€145,289
Cash 2024
€14,556
From operations (derived)
+€232,369
Net result for the year
-€368,405
Depreciation
+€182,873
Receivables after one year
+€340,773
Receivables within one year
+€30,199
Deferred charges and accrued income
+€214
Trade debts
+€13,832
Accrued charges and deferred income
+€32,883
Investment (derived)
-€59,149
Investment in fixed assets (net)
-€109,997
Current investments
+€50,848
Financing
-€145,289
Debts after one year
+€20,140
Current portion of long-term debt
-€165,429
Cash 2025
€42,488
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,232,073 | €4,765,095 | -€466,978 | -8.9% |
| Fixed assets | 21/28 | €1,719,557 | €1,646,681 | -€72,876 | -4.2% |
| Intangible fixed assets | 21 | €31,276 | €19,521 | -€11,755 | -37.6% |
| Tangible fixed assets | 22/27 | €1,688,231 | €1,517,113 | -€171,118 | -10.1% |
| Land and buildings | 22 | €1,331,707 | €1,242,414 | -€89,293 | -6.7% |
| Plant, machinery and equipment | 23 | €312,779 | €250,766 | -€62,013 | -19.8% |
| Furniture and vehicles | 24 | €36,855 | €17,043 | -€19,812 | -53.8% |
| Other tangible fixed assets | 26 | €6,890 | €6,890 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €110,047 | +€109,997 | +219994.3% |
| Current assets | 29/58 | €3,512,516 | €3,118,414 | -€394,102 | -11.2% |
| Amounts receivable after more than one year | 29 | €2,666,088 | €2,325,315 | -€340,773 | -12.8% |
| Other amounts receivable | 291 | €2,666,088 | €2,325,315 | -€340,773 | -12.8% |
| Amounts receivable within one year | 40/41 | €163,245 | €133,046 | -€30,199 | -18.5% |
| Trade receivables | 40 | €153,138 | €125,178 | -€27,960 | -18.3% |
| Other amounts receivable | 41 | €10,107 | €7,868 | -€2,239 | -22.2% |
| Current investments | 50/53 | €666,175 | €615,326 | -€50,848 | -7.6% |
| Cash at bank and in hand | 54/58 | €14,556 | €42,488 | +€27,932 | +191.9% |
| Deferred charges and accrued income | 490/1 | €2,452 | €2,239 | -€214 | -8.7% |
| Total equity and liabilities | 10/49 | €5,232,073 | €4,765,095 | -€466,978 | -8.9% |
| Equity | 10/15 | €2,802,448 | €2,434,043 | -€368,405 | -13.1% |
| Contributions | 10/11 | €3,640,000 | €3,640,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€837,552 | -€1,205,957 | -€368,405 | -44.0% |
| Amounts payable | 17/49 | €2,429,625 | €2,331,052 | -€98,573 | -4.1% |
| Amounts payable after more than one year | 17 | €1,323,382 | €1,343,522 | +€20,140 | +1.5% |
| Financial debts | 170/4 | €148,904 | €0 | -€148,904 | -100.0% |
| Other amounts payable | 178/9 | €1,174,478 | €1,343,522 | +€169,044 | +14.4% |
| Amounts payable within one year | 42/48 | €1,003,886 | €852,290 | -€151,596 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €314,333 | €148,904 | -€165,429 | -52.6% |
| Financial debts | 43 | €650,000 | €650,000 | = | 0.0% |
| Credit institutions | 430/8 | €650,000 | €650,000 | = | 0.0% |
| Trade debts | 44 | €39,554 | €53,386 | +€13,832 | +35.0% |
| Suppliers | 440/4 | €39,554 | €53,386 | +€13,832 | +35.0% |
| Accrued charges and deferred income | 492/3 | €102,356 | €135,239 | +€32,883 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,822 | €182,873 | +€51 | 0.0% |
| Other operating charges | 640/8 | €5,113 | €5,712 | +€598 | +11.7% |
| Gross operating margin | 9900 | -€215,456 | -€202,394 | +€13,062 | +6.1% |
| Operating profit (loss) | 9901 | -€403,391 | -€390,979 | +€12,412 | +3.1% |
| Financial income | 75/76B | €238,472 | €139,530 | -€98,942 | -41.5% |
| Recurring financial income | 75 | €238,472 | €139,530 | -€98,942 | -41.5% |
| Financial charges | 65/66B | €76,395 | €116,593 | +€40,198 | +52.6% |
| Recurring financial charges | 65 | €76,395 | €116,593 | +€40,198 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | -€241,315 | -€368,042 | -€126,727 | -52.5% |
| Income taxes | 67/77 | €312 | €363 | +€51 | +16.3% |
| Profit (loss) for the period | 9904 | -€241,627 | -€368,405 | -€126,778 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€241,627 | -€368,405 | -€126,778 | -52.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.