BEVUCO: 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.
BEVUCO
Largest movements
- Current investments -€1.1m
down €1.1m (-55.6%), from €1.9m to €857,127
- Cash +€859,202
up €859,202 (+524.6%), from €163,776 to €1.0m
mainly Current investments (+€1.1m) and Net result for the year (+€86,393)
- Tangible fixed assets -€48,732
down €48,732 (-24.0%), from €203,130 to €154,398
of which Furniture and vehicles: -€45,762
- Other debts -€224,730
down €224,730 (-92.9%), from €241,932 to €17,202
- Reserves -€43,247
down €43,247 (-1.6%), from €2.6m to €2.6m
of which Distributable reserves: -€43,247
- Financial income +€62,141
up €62,141 (+51.1%), from €121,515 to €183,656
- Financial charges -€32,370
down €32,370 (-44.8%), from €72,250 to €39,880
- Taxes +€29,005
up €29,005 (+178.2%), from €16,277 to €45,282
- Depreciation -€24,184
down €24,184 (-86.1%), from €28,099 to €3,915
- Gross operating margin -€7,886
down €7,886 (-88.5%), from €8,908 to €1,022
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,166,080 | €2,925,413 | -€240,667 | -7.6% |
| Fixed assets | 21/28 | €203,130 | €154,398 | -€48,732 | -24.0% |
| Tangible fixed assets | 22/27 | €203,130 | €154,398 | -€48,732 | -24.0% |
| Land and buildings | 22 | €140,605 | €137,635 | -€2,970 | -2.1% |
| Furniture and vehicles | 24 | €62,525 | €16,763 | -€45,762 | -73.2% |
| Current assets | 29/58 | €2,962,950 | €2,771,015 | -€191,935 | -6.5% |
| Amounts receivable after more than one year | 29 | €800,000 | €800,000 | = | 0.0% |
| Other amounts receivable | 291 | €800,000 | €800,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,000 | €8,570 | +€1,570 | +22.4% |
| Trade receivables | 40 | - | €225 | +€225 | |
| Other amounts receivable | 41 | €7,000 | €8,346 | +€1,346 | +19.2% |
| Current investments | 50/53 | €1,932,058 | €857,127 | -€1.1m | -55.6% |
| Cash at bank and in hand | 54/58 | €163,776 | €1,022,979 | +€859,202 | +524.6% |
| Deferred charges and accrued income | 490/1 | €60,116 | €82,339 | +€22,223 | +37.0% |
| Total equity and liabilities | 10/49 | €3,166,080 | €2,925,413 | -€240,667 | -7.6% |
| Equity | 10/15 | €2,923,565 | €2,880,318 | -€43,247 | -1.5% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Capital | 10 | €280,000 | €280,000 | = | 0.0% |
| Issued capital | 100 | €280,000 | €280,000 | = | 0.0% |
| Reserves | 13 | €2,643,565 | €2,600,318 | -€43,247 | -1.6% |
| Non-distributable reserves | 130/1 | €28,000 | €28,000 | = | 0.0% |
| Legal reserve | 130 | €28,000 | €28,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,599 | €5,599 | = | 0.0% |
| Distributable reserves | 133 | €2,609,966 | €2,566,719 | -€43,247 | -1.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €242,516 | €45,095 | -€197,420 | -81.4% |
| Amounts payable within one year | 42/48 | €242,516 | €45,095 | -€197,420 | -81.4% |
| Trade debts | 44 | €584 | €2,294 | +€1,710 | +293.0% |
| Suppliers | 440/4 | €584 | €2,294 | +€1,710 | +293.0% |
| Taxes, remuneration and social security | 45 | - | €25,600 | +€25,600 | |
| Taxes | 450/3 | - | €25,600 | +€25,600 | |
| Other amounts payable | 47/48 | €241,932 | €17,202 | -€224,730 | -92.9% |
| Non-recurring operating income | 76A | - | €5,183 | +€5,183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,099 | €3,915 | -€24,184 | -86.1% |
| Other operating charges | 640/8 | €9,103 | €9,208 | +€105 | +1.2% |
| Gross operating margin | 9900 | €8,908 | €1,022 | -€7,886 | -88.5% |
| Operating profit (loss) | 9901 | -€28,294 | -€12,100 | +€16,193 | +57.2% |
| Financial income | 75/76B | €121,515 | €183,656 | +€62,141 | +51.1% |
| Recurring financial income | 75 | €121,515 | €183,656 | +€62,141 | +51.1% |
| Financial charges | 65/66B | €72,250 | €39,880 | -€32,370 | -44.8% |
| Recurring financial charges | 65 | €72,250 | €39,880 | -€32,370 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €20,971 | €131,675 | +€110,704 | +527.9% |
| Income taxes | 67/77 | €16,277 | €45,282 | +€29,005 | +178.2% |
| Profit (loss) for the period | 9904 | €4,694 | €86,393 | +€81,699 | +1740.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,694 | €86,393 | +€81,699 | +1740.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.