Bevlo: 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.
Bevlo
Largest movements
- Cash +€506,020
up €506,020 (+368%), from €137,354 to €643,374
mainly Net result for the year (+€310,620) and Debts after one year (+€260,157)
- Tangible fixed assets +€98,117
up €98,117 (+5.4%), from €1.8m to €1.9m
of which Plant, machinery and equipment: +€339,364
- Reserves +€310,620
up €310,620 (+75.1%), from €413,513 to €724,133
- Debts after one year +€260,157
up €260,157 (+22.2%), from €1.2m to €1.4m
- Current portion of long-term debt +€49,000
up €49,000 (+37.2%), from €131,843 to €180,843
- Tax, wage and social debts +€46,501
up €46,501 (+553%), from €8,406 to €54,907
of which Taxes: +€31,436
- Trade debts -€34,980
down €34,980 (-13.2%), from €264,061 to €229,081
- Gross operating margin +€767,764
up €767,764 (+144%), from €532,275 to €1.3m
- Staff costs +€361,517
up €361,517 (+119%), from €303,039 to €664,556
- Taxes +€79,723
up €79,723 (+1,397%), from €5,706 to €85,429
- Depreciation +€34,622
up €34,622 (+23.3%), from €148,515 to €183,136
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 | €2,231,341 | €2,851,264 | +€619,922 | +27.8% |
| Fixed assets | 21/28 | €1,849,741 | €1,954,198 | +€104,457 | +5.6% |
| Tangible fixed assets | 22/27 | €1,809,246 | €1,907,363 | +€98,117 | +5.4% |
| Land and buildings | 22 | €777,065 | €761,818 | -€15,247 | -2.0% |
| Plant, machinery and equipment | 23 | €806,181 | €1,145,545 | +€339,364 | +42.1% |
| Assets under construction and advance payments | 27 | €226,000 | €0 | -€226,000 | -100% |
| Financial fixed assets | 28 | €40,495 | €46,834 | +€6,340 | +15.7% |
| Current assets | 29/58 | €381,601 | €897,066 | +€515,465 | +135% |
| Stocks and contracts in progress | 3 | €186,905 | €180,414 | -€6,491 | -3.5% |
| Stocks | 30/36 | €186,905 | €180,414 | -€6,491 | -3.5% |
| Amounts receivable within one year | 40/41 | €55,030 | €70,268 | +€15,237 | +27.7% |
| Trade receivables | 40 | €7,520 | €36,915 | +€29,396 | +391% |
| Other amounts receivable | 41 | €47,511 | €33,352 | -€14,158 | -29.8% |
| Cash at bank and in hand | 54/58 | €137,354 | €643,374 | +€506,020 | +368% |
| Deferred charges and accrued income | 490/1 | €2,311 | €3,009 | +€698 | +30.2% |
| Total equity and liabilities | 10/49 | €2,231,341 | €2,851,264 | +€619,922 | +27.8% |
| Equity | 10/15 | €642,267 | €937,848 | +€295,581 | +46.0% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €413,513 | €724,133 | +€310,620 | +75.1% |
| Distributable reserves | 133 | €413,513 | €724,133 | +€310,620 | +75.1% |
| Investment grants | 15 | €60,154 | €45,115 | -€15,038 | -25.0% |
| Provisions and deferred taxes | 16 | €3,166 | €2,374 | -€792 | -25.0% |
| Deferred taxes | 168 | €3,166 | €2,374 | -€792 | -25.0% |
| Amounts payable | 17/49 | €1,585,908 | €1,911,041 | +€325,132 | +20.5% |
| Amounts payable after more than one year | 17 | €1,172,136 | €1,432,293 | +€260,157 | +22.2% |
| Financial debts | 170/4 | €1,172,136 | €1,432,293 | +€260,157 | +22.2% |
| Amounts payable within one year | 42/48 | €413,457 | €474,985 | +€61,528 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €131,843 | €180,843 | +€49,000 | +37.2% |
| Trade debts | 44 | €264,061 | €229,081 | -€34,980 | -13.2% |
| Suppliers | 440/4 | €264,061 | €229,081 | -€34,980 | -13.2% |
| Taxes, remuneration and social security | 45 | €8,406 | €54,907 | +€46,501 | +553% |
| Taxes | 450/3 | €379 | €31,815 | +€31,436 | +8,295% |
| Remuneration and social security | 454/9 | €8,027 | €23,092 | +€15,064 | +188% |
| Other amounts payable | 47/48 | €9,147 | €10,155 | +€1,008 | +11.0% |
| Accrued charges and deferred income | 492/3 | €316 | €3,763 | +€3,447 | +1,091% |
| Remuneration, social security and pensions | 62 | €303,039 | €664,556 | +€361,517 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,515 | €183,136 | +€34,622 | +23.3% |
| Other operating charges | 640/8 | €3,911 | €5,413 | +€1,501 | +38.4% |
| Non-recurring operating charges | 66A | - | €30,117 | +€30,117 | |
| Gross operating margin | 9900 | €532,275 | €1,300,040 | +€767,764 | +144% |
| Operating profit (loss) | 9901 | €76,811 | €416,817 | +€340,006 | +443% |
| Financial income | 75/76B | €16,325 | €25,521 | +€9,196 | +56.3% |
| Recurring financial income | 75 | €16,325 | €25,521 | +€9,196 | +56.3% |
| Financial charges | 65/66B | €39,079 | €47,081 | +€8,003 | +20.5% |
| Recurring financial charges | 65 | €39,079 | €47,081 | +€8,003 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €54,057 | €395,257 | +€341,200 | +631% |
| Transfer from deferred taxes | 780 | €792 | €792 | = | 0.0% |
| Income taxes | 67/77 | €5,706 | €85,429 | +€79,723 | +1,397% |
| Profit (loss) for the period | 9904 | €49,143 | €310,620 | +€261,477 | +532% |
| Profit (loss) for the period to be appropriated | 9905 | €49,143 | €310,620 | +€261,477 | +532% |
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 15 October 2026 via checked.be.