BEWAUBE: 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.
BEWAUBE
Largest movements
- Receivables after one year +€440,259
up €440,259 (+31.8%), from €1.4m to €1.8m
- Receivables within one year -€42,207
down €42,207 (-64.4%), from €65,509 to €23,302
of which Other amounts receivable: -€22,207
- Reserves +€181,683
up €181,683 (+12.5%), from €1.4m to €1.6m
of which Distributable reserves: +€181,683
- Other debts +€163,391
new in 2025: €163,391
- Debts after one year +€40,199
up €40,199 (+134.6%), from €29,871 to €70,070
- Tax, wage and social debts +€33,239
new in 2025: €33,239
of which Taxes: +€19,739
- Trade debts -€20,320
down €20,320 (-78.4%), from €25,904 to €5,584
- Financial income -€2.1m
down €2.1m (-91.5%), from €2.3m to €195,815
of which Non-recurring financial income: -€2.3m
- Financial charges -€100,439
down €100,439 (-85.6%), from €117,334 to €16,895
- Gross operating margin +€58,782
up €58,782, from -€15,226 to €43,556
- Taxes +€19,611
up €19,611 (+15320.9%), from €128 to €19,739
- Depreciation +€7,656
up €7,656 (+121.5%), from €6,299 to €13,956
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 | €1,522,820 | €1,927,285 | +€404,465 | +26.6% |
| Fixed assets | 21/28 | €34,210 | €31,410 | -€2,799 | -8.2% |
| Tangible fixed assets | 22/27 | €34,177 | €31,410 | -€2,766 | -8.1% |
| Plant, machinery and equipment | 23 | €731 | €4,307 | +€3,576 | +488.9% |
| Furniture and vehicles | 24 | €33,445 | €27,104 | -€6,342 | -19.0% |
| Financial fixed assets | 28 | €33 | - | -€33 | |
| Current assets | 29/58 | €1,488,610 | €1,895,874 | +€407,264 | +27.4% |
| Amounts receivable after more than one year | 29 | €1,384,022 | €1,824,281 | +€440,259 | +31.8% |
| Other amounts receivable | 291 | €1,384,022 | €1,824,281 | +€440,259 | +31.8% |
| Amounts receivable within one year | 40/41 | €65,509 | €23,302 | -€42,207 | -64.4% |
| Trade receivables | 40 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 41 | €45,509 | €23,302 | -€22,207 | -48.8% |
| Current investments | 50/53 | €29,360 | €44,241 | +€14,881 | +50.7% |
| Cash at bank and in hand | 54/58 | €3,584 | €3,049 | -€534 | -14.9% |
| Deferred charges and accrued income | 490/1 | €6,136 | €1,002 | -€5,135 | -83.7% |
| Total equity and liabilities | 10/49 | €1,522,820 | €1,927,285 | +€404,465 | +26.6% |
| Equity | 10/15 | €1,450,921 | €1,632,604 | +€181,683 | +12.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,448,921 | €1,630,604 | +€181,683 | +12.5% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €1,448,721 | €1,630,404 | +€181,683 | +12.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €71,898 | €294,681 | +€222,782 | +309.9% |
| Amounts payable after more than one year | 17 | €29,871 | €70,070 | +€40,199 | +134.6% |
| Financial debts | 170/4 | €29,871 | €70,070 | +€40,199 | +134.6% |
| Amounts payable within one year | 42/48 | €42,027 | €212,014 | +€169,987 | +404.5% |
| Current portion of amounts payable after more than one year | 42 | €16,124 | €9,801 | -€6,323 | -39.2% |
| Trade debts | 44 | €25,904 | €5,584 | -€20,320 | -78.4% |
| Suppliers | 440/4 | €25,904 | €5,584 | -€20,320 | -78.4% |
| Taxes, remuneration and social security | 45 | - | €33,239 | +€33,239 | |
| Taxes | 450/3 | - | €19,739 | +€19,739 | |
| Remuneration and social security | 454/9 | - | €13,500 | +€13,500 | |
| Other amounts payable | 47/48 | - | €163,391 | +€163,391 | |
| Accrued charges and deferred income | 492/3 | - | €12,596 | +€12,596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,299 | €13,956 | +€7,656 | +121.5% |
| Other operating charges | 640/8 | €1,166 | €1,809 | +€643 | +55.2% |
| Non-recurring operating charges | 66A | €175,428 | €5,291 | -€170,137 | -97.0% |
| Gross operating margin | 9900 | -€15,226 | €43,556 | +€58,782 | |
| Operating profit (loss) | 9901 | -€198,119 | €22,501 | +€220,620 | |
| Financial income | 75/76B | €2,305,433 | €195,815 | -€2.1m | -91.5% |
| Recurring financial income | 75 | €43,734 | €195,815 | +€152,081 | +347.7% |
| Non-recurring financial income | 76B | €2,261,699 | - | -€2.3m | |
| Financial charges | 65/66B | €117,334 | €16,895 | -€100,439 | -85.6% |
| Recurring financial charges | 65 | €117,334 | €16,895 | -€100,439 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | €1,989,980 | €201,421 | -€1.8m | -89.9% |
| Income taxes | 67/77 | €128 | €19,739 | +€19,611 | +15320.9% |
| Profit (loss) for the period | 9904 | €1,989,852 | €181,683 | -€1.8m | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,989,852 | €181,683 | -€1.8m | -90.9% |
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 8 October 2026 via checked.be.