BEWESOL: 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.
BEWESOL
Largest movements
- Current investments +€2.2m
up €2.2m (+50.9%), from €4.2m to €6.4m
- Cash -€2.1m
down €2.1m (-55.4%), from €3.8m to €1.7m
mainly Current investments (-€2.2m) and Deferred charges and accrued income (-€66,722)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€377,288
up €377,288, from -€27,128 to €350,160
- Financial income -€103,349
down €103,349 (-45.0%), from €229,819 to €126,470
- Financial charges -€37,331
down €37,331, from €32,702 to -€4,629
- Taxes -€30,491
down €30,491 (-44.9%), from €67,877 to €37,386
- Staff costs +€16,621
up €16,621 (+6.8%), from €243,995 to €260,616
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 | €13,615,286 | €13,711,768 | +€96,482 | +0.7% |
| Fixed assets | 21/28 | €4,077,138 | €4,078,593 | +€1,455 | 0.0% |
| Tangible fixed assets | 22/27 | €364,882 | €366,003 | +€1,121 | +0.3% |
| Land and buildings | 22 | €351,945 | €355,451 | +€3,506 | +1.0% |
| Plant, machinery and equipment | 23 | €10,527 | €7,838 | -€2,689 | -25.5% |
| Furniture and vehicles | 24 | €2,410 | €2,713 | +€303 | +12.6% |
| Financial fixed assets | 28 | €3,712,256 | €3,712,590 | +€334 | 0.0% |
| Current assets | 29/58 | €9,538,149 | €9,633,175 | +€95,027 | +1.0% |
| Amounts receivable after more than one year | 29 | €1,300,000 | €1,311,500 | +€11,500 | +0.9% |
| Other amounts receivable | 291 | €1,300,000 | €1,311,500 | +€11,500 | +0.9% |
| Stocks and contracts in progress | 3 | €6,679 | €1,833 | -€4,846 | -72.6% |
| Stocks | 30/36 | €6,679 | €1,833 | -€4,846 | -72.6% |
| Amounts receivable within one year | 40/41 | €145,755 | €133,770 | -€11,984 | -8.2% |
| Trade receivables | 40 | €37,728 | €1,859 | -€35,869 | -95.1% |
| Other amounts receivable | 41 | €108,026 | €131,911 | +€23,885 | +22.1% |
| Current investments | 50/53 | €4,241,662 | €6,398,644 | +€2.2m | +50.9% |
| Cash at bank and in hand | 54/58 | €3,834,292 | €1,710,945 | -€2.1m | -55.4% |
| Deferred charges and accrued income | 490/1 | €9,761 | €76,483 | +€66,722 | +683.6% |
| Total equity and liabilities | 10/49 | €13,615,286 | €13,711,768 | +€96,482 | +0.7% |
| Equity | 10/15 | €13,467,354 | €13,553,198 | +€85,844 | +0.6% |
| Contributions | 10/11 | €7,786,886 | €7,786,886 | = | 0.0% |
| Capital | 10 | €7,786,886 | €7,786,886 | = | 0.0% |
| Revaluation surpluses | 12 | €202,919 | €202,919 | = | 0.0% |
| Reserves | 13 | €5,477,549 | €5,563,392 | +€85,844 | +1.6% |
| Amounts payable | 17/49 | €147,932 | €158,570 | +€10,638 | +7.2% |
| Amounts payable within one year | 42/48 | €142,753 | €151,528 | +€8,774 | +6.1% |
| Trade debts | 44 | €35,666 | €18,270 | -€17,396 | -48.8% |
| Suppliers | 440/4 | €35,666 | €18,270 | -€17,396 | -48.8% |
| Advances received on contracts in progress | 46 | €74,680 | €79,609 | +€4,930 | +6.6% |
| Taxes, remuneration and social security | 45 | €32,407 | €35,482 | +€3,074 | +9.5% |
| Taxes | 450/3 | - | €4,072 | +€4,072 | |
| Remuneration and social security | 454/9 | €32,407 | €31,410 | -€997 | -3.1% |
| Accrued charges and deferred income | 492/3 | €5,179 | €7,043 | +€1,864 | +36.0% |
| Remuneration, social security and pensions | 62 | €243,995 | €260,616 | +€16,621 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,968 | €7,862 | -€106 | -1.3% |
| Other operating charges | 640/8 | €91,920 | €89,552 | -€2,368 | -2.6% |
| Gross operating margin | 9900 | -€27,128 | €350,160 | +€377,288 | |
| Operating profit (loss) | 9901 | -€338,280 | -€7,869 | +€330,411 | +97.7% |
| Financial income | 75/76B | €229,819 | €126,470 | -€103,349 | -45.0% |
| Recurring financial income | 75 | €229,819 | €126,470 | -€103,349 | -45.0% |
| Financial charges | 65/66B | €32,702 | -€4,629 | -€37,331 | |
| Recurring financial charges | 65 | €32,702 | -€4,629 | -€37,331 | |
| Profit (loss) for the period before taxes | 9903 | -€141,164 | €123,230 | +€264,393 | |
| Income taxes | 67/77 | €67,877 | €37,386 | -€30,491 | -44.9% |
| Profit (loss) for the period | 9904 | -€209,041 | €85,844 | +€294,885 | |
| Profit (loss) for the period to be appropriated | 9905 | -€209,041 | €85,844 | +€294,885 |
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.