BEWELL: 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.
BEWELL
Largest movements
- Cash +€41,027
up €41,027 (+33.7%), from €121,873 to €162,900
mainly Net result for the year (+€46,181) and Depreciation (+€15,554)
- Deferred charges and accrued income -€7,179
down €7,179 (-45.6%), from €15,730 to €8,551
- Reserves +€46,000
up €46,000 (+40.3%), from €114,060 to €160,060
of which Distributable reserves: +€46,000
- Tax, wage and social debts -€8,605
no longer reported in 2025 (was €8,605)
- Gross operating margin -€8,005
down €8,005 (-8.5%), from €94,203 to €86,198
- Taxes -€3,406
down €3,406 (-13.0%), from €26,205 to €22,799
- Depreciation +€2,046
up €2,046 (+15.1%), from €13,508 to €15,554
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 | €281,757 | €320,127 | +€38,371 | +13.6% |
| Fixed assets | 21/28 | €144,154 | €145,476 | +€1,322 | +0.9% |
| Tangible fixed assets | 22/27 | €144,154 | €145,476 | +€1,322 | +0.9% |
| Land and buildings | 22 | €114,467 | €111,118 | -€3,348 | -2.9% |
| Plant, machinery and equipment | 23 | €16,175 | €13,027 | -€3,148 | -19.5% |
| Furniture and vehicles | 24 | €13,512 | €21,330 | +€7,818 | +57.9% |
| Current assets | 29/58 | €137,603 | €174,652 | +€37,049 | +26.9% |
| Amounts receivable within one year | 40/41 | - | €3,201 | +€3,201 | |
| Other amounts receivable | 41 | - | €3,201 | +€3,201 | |
| Cash at bank and in hand | 54/58 | €121,873 | €162,900 | +€41,027 | +33.7% |
| Deferred charges and accrued income | 490/1 | €15,730 | €8,551 | -€7,179 | -45.6% |
| Total equity and liabilities | 10/49 | €281,757 | €320,127 | +€38,371 | +13.6% |
| Equity | 10/15 | €272,352 | €318,533 | +€46,181 | +17.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €114,060 | €160,060 | +€46,000 | +40.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €112,200 | €158,200 | +€46,000 | +41.0% |
| Profit (loss) carried forward | 14 | €152,092 | €152,273 | +€181 | +0.1% |
| Amounts payable | 17/49 | €9,405 | €1,595 | -€7,810 | -83.0% |
| Amounts payable within one year | 42/48 | €8,605 | €795 | -€7,810 | -90.8% |
| Trade debts | 44 | - | €795 | +€795 | |
| Suppliers | 440/4 | - | €795 | +€795 | |
| Taxes, remuneration and social security | 45 | €8,605 | - | -€8,605 | |
| Taxes | 450/3 | €8,605 | - | -€8,605 | |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,508 | €15,554 | +€2,046 | +15.1% |
| Other operating charges | 640/8 | €1,694 | €1,553 | -€141 | -8.3% |
| Gross operating margin | 9900 | €94,203 | €86,198 | -€8,005 | -8.5% |
| Operating profit (loss) | 9901 | €79,001 | €69,092 | -€9,909 | -12.5% |
| Financial income | 75/76B | €23 | - | -€23 | |
| Recurring financial income | 75 | €23 | - | -€23 | |
| Financial charges | 65/66B | €111 | €112 | +€1 | +0.9% |
| Recurring financial charges | 65 | €111 | €112 | +€1 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €78,913 | €68,980 | -€9,933 | -12.6% |
| Income taxes | 67/77 | €26,205 | €22,799 | -€3,406 | -13.0% |
| Profit (loss) for the period | 9904 | €52,708 | €46,181 | -€6,527 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,708 | €46,181 | -€6,527 | -12.4% |
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 3 October 2026 via checked.be.