BEWALI: 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.
BEWALI
Largest movements
- Tangible fixed assets -€35,572
down €35,572 (-4.3%), from €820,426 to €784,854
of which Land and buildings: -€27,168
- Current investments -€14,281
down €14,281 (-9.6%), from €148,781 to €134,499
- Other debts -€41,374
down €41,374 (-22.2%), from €186,028 to €144,654
- Reserves -€10,228
down €10,228 (-2.1%), from €482,413 to €472,186
of which Tax-exempt reserves: -€10,228
- Depreciation -€9,152
down €9,152 (-18.8%), from €48,790 to €39,638
- Financial income +€6,904
up €6,904 (+873.6%), from €790 to €7,694
- Gross operating margin +€3,197
up €3,197 (+13.8%), from €23,232 to €26,429
- Financial charges -€2,987
down €2,987 (-74.9%), from €3,987 to €1,000
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 | €993,033 | €935,993 | -€57,040 | -5.7% |
| Fixed assets | 21/28 | €820,426 | €784,854 | -€35,572 | -4.3% |
| Tangible fixed assets | 22/27 | €820,426 | €784,854 | -€35,572 | -4.3% |
| Land and buildings | 22 | €759,441 | €732,273 | -€27,168 | -3.6% |
| Plant, machinery and equipment | 23 | €2,169 | €981 | -€1,188 | -54.8% |
| Furniture and vehicles | 24 | €58,816 | €51,600 | -€7,216 | -12.3% |
| Current assets | 29/58 | €172,607 | €151,139 | -€21,468 | -12.4% |
| Amounts receivable within one year | 40/41 | €2,582 | €2,927 | +€345 | +13.4% |
| Other amounts receivable | 41 | €2,582 | €2,927 | +€345 | +13.4% |
| Current investments | 50/53 | €148,781 | €134,499 | -€14,281 | -9.6% |
| Cash at bank and in hand | 54/58 | €20,900 | €13,340 | -€7,560 | -36.2% |
| Deferred charges and accrued income | 490/1 | €345 | €373 | +€28 | +8.0% |
| Total equity and liabilities | 10/49 | €993,033 | €935,993 | -€57,040 | -5.7% |
| Equity | 10/15 | €518,199 | €508,565 | -€9,634 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €482,413 | €472,186 | -€10,228 | -2.1% |
| Tax-exempt reserves | 132 | €215,384 | €205,157 | -€10,228 | -4.7% |
| Distributable reserves | 133 | €267,029 | €267,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,186 | €17,780 | +€594 | +3.5% |
| Provisions and deferred taxes | 16 | €91,597 | €86,330 | -€5,266 | -5.7% |
| Deferred taxes | 168 | €91,597 | €86,330 | -€5,266 | -5.7% |
| Amounts payable | 17/49 | €383,237 | €341,098 | -€42,139 | -11.0% |
| Amounts payable after more than one year | 17 | €192,000 | €192,000 | = | 0.0% |
| Financial debts | 170/4 | €192,000 | €192,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €191,237 | €149,098 | -€42,139 | -22.0% |
| Trade debts | 44 | €4,260 | €3,693 | -€566 | -13.3% |
| Suppliers | 440/4 | €4,260 | €3,693 | -€566 | -13.3% |
| Taxes, remuneration and social security | 45 | €949 | €750 | -€199 | -21.0% |
| Taxes | 450/3 | €949 | €750 | -€199 | -21.0% |
| Other amounts payable | 47/48 | €186,028 | €144,654 | -€41,374 | -22.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,790 | €39,638 | -€9,152 | -18.8% |
| Other operating charges | 640/8 | €7,920 | €8,125 | +€205 | +2.6% |
| Gross operating margin | 9900 | €23,232 | €26,429 | +€3,197 | +13.8% |
| Operating profit (loss) | 9901 | -€33,479 | -€21,335 | +€12,144 | +36.3% |
| Financial income | 75/76B | €790 | €7,694 | +€6,904 | +873.6% |
| Recurring financial income | 75 | €790 | €7,694 | +€6,904 | +873.6% |
| Financial charges | 65/66B | €3,987 | €1,000 | -€2,987 | -74.9% |
| Recurring financial charges | 65 | €3,987 | €1,000 | -€2,987 | -74.9% |
| Profit (loss) for the period before taxes | 9903 | -€36,675 | -€14,640 | +€22,035 | +60.1% |
| Transfer from deferred taxes | 780 | €5,266 | €5,266 | = | 0.0% |
| Income taxes | 67/77 | €269 | €260 | -€9 | -3.4% |
| Profit (loss) for the period | 9904 | -€31,678 | -€9,634 | +€22,044 | +69.6% |
| Transfer from tax-exempt reserves | 789 | €10,228 | €10,228 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,450 | €594 | +€22,044 |
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 2 October 2026 via checked.be.