BEWELL INNOVATIONS: what changed
What changed
BEWELL INNOVATIONS
NACE 58.290, Other software publishing
filed annual accounts (NBB)
Net result for the year
€170,173
2024 · €154,525+€15,648
Equity
€1.5m
2024 · €1.3m+€168,821
Cash
€701,748
2024 · €275,299+€426,449
Balance sheet total
€2.3m
2024 · €2.2m+€128,168
Largest movements
Assets
- Cash +€426,449
up €426,449 (+155%), from €275,299 to €701,748
mainly Depreciation (+€434,956) and Current investments (+€400,000)
- Current investments -€400,000
down €400,000 (-100%), from €400,000 to €0
- Financial fixed assets +€86,260
up €86,260 (+61,614%), from €140 to €86,400
- Receivables within one year +€67,613
up €67,613 (+13.8%), from €490,863 to €558,477
of which Trade receivables: +€74,389
- Intangible fixed assets -€28,376
down €28,376 (-3.1%), from €924,368 to €895,991
Equity and liabilities
- Profit (loss) carried forward +€161,344
up €161,344 (+65.1%), from €247,796 to €409,140
- Trade debts -€108,898
down €108,898 (-26.2%), from €415,333 to €306,435
- Accrued charges and deferred income +€36,415
up €36,415 (+13.5%), from €269,968 to €306,382
- Tax, wage and social debts +€35,070
up €35,070 (+106%), from €33,231 to €68,301
of which Taxes: +€19,122
Income statement
- Gross operating margin +€133,019
up €133,019 (+18.3%), from €725,619 to €858,638
- Staff costs +€62,774
up €62,774 (+34.2%), from €183,444 to €246,218
- Financial income -€37,972
down €37,972 (-85.5%), from €44,402 to €6,429
- Depreciation +€15,300
up €15,300 (+3.6%), from €419,656 to €434,956
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€154,525
Gross operating margin
+€133,019
Staff costs
-€62,774
Depreciation
-€15,300
Other operating charges
-€3,940
Financial income
-€37,972
Financial charges
+€1,676
Taxes
+€939
Result 2025
€170,173
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€534,932
Investment
-€103,892
Financing
-€4,591
Cash 2024
€275,299
From operations (derived)
+€534,932
Net result for the year
+€170,173
Depreciation
+€434,956
Stocks and contracts
+€24,867
Receivables within one year
-€67,613
Deferred charges and accrued income
+€9,964
Trade debts
-€108,898
Tax, wage and social debts
+€35,070
Accrued charges and deferred income
+€36,415
Investment (derived)
-€103,892
Investment in fixed assets (net)
-€503,892
Current investments
+€400,000
Financing
-€4,591
Short-term financial debts
-€3,240
Contributions, distributions and other
-€1,352
Cash 2025
€701,748
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,170,252 | €2,298,420 | +€128,168 | +5.9% |
| Fixed assets | 21/28 | €943,492 | €1,012,428 | +€68,936 | +7.3% |
| Intangible fixed assets | 21 | €924,368 | €895,991 | -€28,376 | -3.1% |
| Tangible fixed assets | 22/27 | €18,984 | €30,036 | +€11,053 | +58.2% |
| Furniture and vehicles | 24 | €18,984 | €30,036 | +€11,053 | +58.2% |
| Financial fixed assets | 28 | €140 | €86,400 | +€86,260 | +61,614% |
| Current assets | 29/58 | €1,226,760 | €1,285,992 | +€59,232 | +4.8% |
| Stocks and contracts in progress | 3 | €49,734 | €24,867 | -€24,867 | -50.0% |
| Stocks | 30/36 | €49,734 | €24,867 | -€24,867 | -50.0% |
| Amounts receivable within one year | 40/41 | €490,863 | €558,477 | +€67,613 | +13.8% |
| Trade receivables | 40 | €326,317 | €400,706 | +€74,389 | +22.8% |
| Other amounts receivable | 41 | €164,546 | €157,771 | -€6,775 | -4.1% |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100% |
| Cash at bank and in hand | 54/58 | €275,299 | €701,748 | +€426,449 | +155% |
| Deferred charges and accrued income | 490/1 | €10,865 | €901 | -€9,964 | -91.7% |
| Total equity and liabilities | 10/49 | €2,170,252 | €2,298,420 | +€128,168 | +5.9% |
| Equity | 10/15 | €1,335,557 | €1,504,378 | +€168,821 | +12.6% |
| Contributions | 10/11 | €1,081,500 | €1,081,500 | = | 0.0% |
| Capital | 10 | €1,081,500 | €1,081,500 | = | 0.0% |
| Issued capital | 100 | €1,081,500 | €1,081,500 | = | 0.0% |
| Reserves | 13 | €4,909 | €13,738 | +€8,829 | +180% |
| Non-distributable reserves | 130/1 | €4,909 | €13,738 | +€8,829 | +180% |
| Legal reserve | 130 | €4,909 | €13,738 | +€8,829 | +180% |
| Profit (loss) carried forward | 14 | €247,796 | €409,140 | +€161,344 | +65.1% |
| Investment grants | 15 | €1,352 | €0 | -€1,352 | -100% |
| Provisions and deferred taxes | 16 | €111,830 | €111,830 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €111,830 | €111,830 | = | 0.0% |
| Other liabilities and charges | 164/5 | €111,830 | €111,830 | = | 0.0% |
| Amounts payable | 17/49 | €722,865 | €682,212 | -€40,653 | -5.6% |
| Amounts payable within one year | 42/48 | €452,898 | €375,830 | -€77,068 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €4,334 | €1,094 | -€3,240 | -74.8% |
| Credit institutions | 430/8 | €0 | €286 | +€286 | |
| Other loans | 439 | €4,334 | €807 | -€3,526 | -81.4% |
| Trade debts | 44 | €415,333 | €306,435 | -€108,898 | -26.2% |
| Suppliers | 440/4 | €415,333 | €306,435 | -€108,898 | -26.2% |
| Taxes, remuneration and social security | 45 | €33,231 | €68,301 | +€35,070 | +106% |
| Taxes | 450/3 | €13,613 | €32,734 | +€19,122 | +140% |
| Remuneration and social security | 454/9 | €19,618 | €35,567 | +€15,949 | +81.3% |
| Accrued charges and deferred income | 492/3 | €269,968 | €306,382 | +€36,415 | +13.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €183,444 | €246,218 | +€62,774 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419,656 | €434,956 | +€15,300 | +3.6% |
| Other operating charges | 640/8 | €7,428 | €11,368 | +€3,940 | +53.0% |
| Gross operating margin | 9900 | €725,619 | €858,638 | +€133,019 | +18.3% |
| Operating profit (loss) | 9901 | €115,090 | €166,096 | +€51,005 | +44.3% |
| Financial income | 75/76B | €44,402 | €6,429 | -€37,972 | -85.5% |
| Recurring financial income | 75 | €44,402 | €6,429 | -€37,972 | -85.5% |
| Financial charges | 65/66B | €3,377 | €1,701 | -€1,676 | -49.6% |
| Recurring financial charges | 65 | €3,377 | €1,701 | -€1,676 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €156,115 | €170,824 | +€14,709 | +9.4% |
| Income taxes | 67/77 | €1,590 | €651 | -€939 | -59.0% |
| Profit (loss) for the period | 9904 | €154,525 | €170,173 | +€15,648 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €154,525 | €170,173 | +€15,648 | +10.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.