BeVet: 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
BeVet
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€126,377
2024 · €12,351-€138,729
Equity
€8.6m
2024 · €5.8m+€2.8m
Cash
€230,079
2024 · €222,015+€8,064
Balance sheet total
€16.5m
2024 · €12.8m+€3.7m
Largest movements
Assets
- Financial fixed assets +€1.8m
up €1.8m (+17.9%), from €10.1m to €11.9m
of which Affiliated companies: +€11.9m
- Receivables within one year +€1.6m
up €1.6m (+65.4%), from €2.5m to €4.1m
of which Other amounts receivable: +€1.2m
- Tangible fixed assets +€223,493
up €223,493 (+839.3%), from €26,629 to €250,122
of which Plant, machinery and equipment: +€116,550
Equity and liabilities
- Contributions +€2.9m
up €2.9m (+53.4%), from €5.5m to €8.4m
- Other debts +€462,356
up €462,356 (+57.8%), from €800,001 to €1.3m
- Current portion of long-term debt +€300,451
up €300,451 (+31.7%), from €948,251 to €1.2m
Income statement
- Turnover +€1.7m
up €1.7m, from €0 to €1.7m
- Services and other goods +€1.4m
new in 2025: €1.4m
- Gross operating margin -€289,563
no longer reported in 2025 (was €289,563)
- Staff costs +€94,619
up €94,619 (+71.3%), from €132,641 to €227,260
- Financial charges +€85,359
up €85,359 (+54.0%), from €158,096 to €243,455
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
€12,351
Turnover
+€1.7m
Other operating income
+€46,098
Services and other goods
-€1.4m
Staff costs
-€94,619
Depreciation
-€18,305
Other operating charges
-€31
Other operating items
-€289,563
Financial income
-€39,321
Financial charges
-€85,359
Taxes
+€8,803
Result 2025
-€126,377
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
-€1.2m
Investment
-€2.1m
Financing
+€3.3m
Cash 2024
€222,015
From operations (derived)
-€1.2m
Net result for the year
-€126,377
Depreciation
+€34,792
Receivables within one year
-€1.6m
Smaller working-capital items
+€5,752
Other debts
+€462,356
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€2.1m
Financing
+€3.3m
Debts after one year
+€77,402
Current portion of long-term debt
+€300,451
Contributions, distributions and other
+€2.9m
Cash 2025
€230,079
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,810,093 | €16,467,897 | +€3.7m | +28.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €10,095,137 | €12,124,593 | +€2.0m | +20.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €26,629 | €250,122 | +€223,493 | +839.3% |
| Land and buildings | 22 | - | €110,607 | +€110,607 | |
| Plant, machinery and equipment | 23 | €19,638 | €136,188 | +€116,550 | +593.5% |
| Furniture and vehicles | 24 | €6,991 | €3,326 | -€3,665 | -52.4% |
| Financial fixed assets | 28 | €10,068,508 | €11,874,471 | +€1.8m | +17.9% |
| Affiliated companies | 280/1 | - | €11,871,621 | +€11.9m | |
| Participating interests | 280 | - | €11,871,621 | +€11.9m | |
| Other financial fixed assets | 284/8 | - | €2,850 | +€2,850 | |
| Amounts receivable and cash guarantees | 285/8 | - | €2,850 | +€2,850 | |
| Current assets | 29/58 | €2,714,956 | €4,343,304 | +€1.6m | +60.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,475,567 | €4,094,701 | +€1.6m | +65.4% |
| Trade receivables | 40 | €1,486,255 | €1,865,676 | +€379,421 | +25.5% |
| Other amounts receivable | 41 | €989,312 | €2,229,024 | +€1.2m | +125.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €222,015 | €230,079 | +€8,064 | +3.6% |
| Deferred charges and accrued income | 490/1 | €17,375 | €18,524 | +€1,150 | +6.6% |
| Total equity and liabilities | 10/49 | €12,810,093 | €16,467,897 | +€3.7m | +28.6% |
| Equity | 10/15 | €5,788,281 | €8,598,974 | +€2.8m | +48.6% |
| Contributions | 10/11 | €5,499,998 | €8,437,069 | +€2.9m | +53.4% |
| Profit (loss) carried forward | 14 | €288,283 | €161,905 | -€126,377 | -43.8% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €7,021,812 | €7,868,923 | +€847,111 | +12.1% |
| Amounts payable after more than one year | 17 | €4,977,002 | €5,054,404 | +€77,402 | +1.6% |
| Financial debts | 170/4 | €4,977,002 | €5,054,404 | +€77,402 | +1.6% |
| Subordinated loans | 170 | - | €929,668 | +€929,668 | |
| Credit institutions | 173 | - | €4,124,735 | +€4.1m | |
| Amounts payable within one year | 42/48 | €2,032,050 | €2,796,634 | +€764,584 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €948,251 | €1,248,702 | +€300,451 | +31.7% |
| Trade debts | 44 | €238,125 | €241,267 | +€3,142 | +1.3% |
| Suppliers | 440/4 | €238,125 | €241,267 | +€3,142 | +1.3% |
| Taxes, remuneration and social security | 45 | €45,672 | €44,308 | -€1,364 | -3.0% |
| Taxes | 450/3 | €27,419 | €12,158 | -€15,262 | -55.7% |
| Remuneration and social security | 454/9 | €18,253 | €32,150 | +€13,897 | +76.1% |
| Other amounts payable | 47/48 | €800,001 | €1,262,357 | +€462,356 | +57.8% |
| Accrued charges and deferred income | 492/3 | €12,761 | €17,885 | +€5,125 | +40.2% |
| Operating income | 70/76A | - | €1,766,271 | +€1.8m | |
| Turnover | 70 | €0 | €1,720,173 | +€1.7m | |
| Other operating income | 74 | - | €46,098 | +€46,098 | |
| Operating charges | 60/66A | - | €1,649,655 | +€1.6m | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Services and other goods | 61 | - | €1,386,605 | +€1.4m | |
| Remuneration, social security and pensions | 62 | €132,641 | €227,260 | +€94,619 | +71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,486 | €34,792 | +€18,305 | +111.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €289,563 | - | -€289,563 | |
| Operating profit (loss) | 9901 | €139,468 | €116,616 | -€22,852 | -16.4% |
| Financial income | 75/76B | €39,531 | €211 | -€39,321 | -99.5% |
| Recurring financial income | 75 | €39,531 | €211 | -€39,321 | -99.5% |
| Income from current assets | 751 | - | €0 | = | |
| Other financial income | 752/9 | - | €211 | +€211 | |
| Financial charges | 65/66B | €158,096 | €243,455 | +€85,359 | +54.0% |
| Recurring financial charges | 65 | €158,096 | €243,455 | +€85,359 | +54.0% |
| Debt charges | 650 | - | €241,390 | +€241,390 | |
| Other financial charges | 652/9 | - | €2,065 | +€2,065 | |
| Profit (loss) for the period before taxes | 9903 | €20,903 | -€126,628 | -€147,532 | |
| Income taxes | 67/77 | €8,552 | -€251 | -€8,803 | |
| Taxes | 670/3 | - | €182 | +€182 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €433 | +€433 | |
| Profit (loss) for the period | 9904 | €12,351 | -€126,377 | -€138,729 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,351 | -€126,377 | -€138,729 |
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 28 September 2026 via checked.be.