BEWEX: what changed
Two financial 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.
BEWEX
Largest movements
- Tangible fixed assets -€94,130
down €94,130 (-3.7%), from €2.5m to €2.4m
of which Land and buildings: -€89,336
- Cash +€27,769
up €27,769 (+15.2%), from €183,173 to €210,942
mainly Depreciation (+€182,616) and Other debts (+€19,245)
- Profit (loss) carried forward -€40,803
down €40,803 (-51.1%), from -€79,857 to -€120,661
- Other operating charges +€6,649
up €6,649 (+32.9%), from €20,219 to €26,868
- Financial income +€3,672
new in 2025: €3,672
- Depreciation -€2,785
down €2,785 (-1.5%), from €185,401 to €182,616
- Gross operating margin -€2,451
down €2,451 (-1.5%), from €168,977 to €166,526
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 | €2,774,983 | €2,708,005 | -€66,978 | -2.4% |
| Fixed assets | 21/28 | €2,535,886 | €2,441,756 | -€94,130 | -3.7% |
| Tangible fixed assets | 22/27 | €2,535,886 | €2,441,756 | -€94,130 | -3.7% |
| Land and buildings | 22 | €2,524,224 | €2,434,888 | -€89,336 | -3.5% |
| Furniture and vehicles | 24 | €11,662 | €6,869 | -€4,794 | -41.1% |
| Current assets | 29/58 | €239,097 | €266,249 | +€27,152 | +11.4% |
| Amounts receivable within one year | 40/41 | €55,000 | €54,365 | -€635 | -1.2% |
| Other amounts receivable | 41 | €55,000 | €54,365 | -€635 | -1.2% |
| Cash at bank and in hand | 54/58 | €183,173 | €210,942 | +€27,769 | +15.2% |
| Deferred charges and accrued income | 490/1 | €923 | €942 | +€19 | +2.1% |
| Total equity and liabilities | 10/49 | €2,774,983 | €2,708,005 | -€66,978 | -2.4% |
| Equity | 10/15 | €2,694,305 | €2,658,120 | -€36,184 | -1.3% |
| Contributions | 10/11 | €2,547,232 | €2,547,232 | = | 0.0% |
| Reserves | 13 | €226,930 | €226,930 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,069 | €8,069 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,069 | €8,069 | = | 0.0% |
| Distributable reserves | 133 | €218,860 | €218,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,857 | -€120,661 | -€40,803 | -51.1% |
| Investment grants | 15 | - | €4,619 | +€4,619 | |
| Amounts payable | 17/49 | €80,678 | €49,885 | -€30,793 | -38.2% |
| Amounts payable after more than one year | 17 | €22,766 | - | -€22,766 | |
| Financial debts | 170/4 | €22,766 | - | -€22,766 | |
| Amounts payable within one year | 42/48 | €57,913 | €49,885 | -€8,028 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €44,588 | €22,766 | -€21,822 | -48.9% |
| Trade debts | 44 | €6,114 | €1,047 | -€5,067 | -82.9% |
| Suppliers | 440/4 | €6,114 | €1,047 | -€5,067 | -82.9% |
| Taxes, remuneration and social security | 45 | €383 | - | -€383 | |
| Taxes | 450/3 | €383 | - | -€383 | |
| Other amounts payable | 47/48 | €6,827 | €26,072 | +€19,245 | +281.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,401 | €182,616 | -€2,785 | -1.5% |
| Other operating charges | 640/8 | €20,219 | €26,868 | +€6,649 | +32.9% |
| Gross operating margin | 9900 | €168,977 | €166,526 | -€2,451 | -1.5% |
| Operating profit (loss) | 9901 | -€36,643 | -€42,957 | -€6,315 | -17.2% |
| Financial income | 75/76B | - | €3,672 | +€3,672 | |
| Recurring financial income | 75 | - | €3,672 | +€3,672 | |
| Financial charges | 65/66B | €2,726 | €1,518 | -€1,208 | -44.3% |
| Recurring financial charges | 65 | €2,726 | €1,518 | -€1,208 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | -€39,369 | -€40,803 | -€1,435 | -3.6% |
| Profit (loss) for the period | 9904 | -€39,369 | -€40,803 | -€1,435 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,369 | -€40,803 | -€1,435 | -3.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.