BEWICO: 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.
BEWICO
Largest movements
- Receivables within one year -€132,429
down €132,429 (-42.9%), from €308,553 to €176,124
of which Trade receivables: -€68,932
- Cash +€99,416
up €99,416 (+175.6%), from €56,618 to €156,034
mainly Receivables within one year (+€132,429) and Stocks and contracts (+€33,896)
- Stocks and contracts -€33,896
no longer reported in 2025 (was €33,896)
- Tangible fixed assets -€14,132
down €14,132 (-18.7%), from €75,556 to €61,425
of which Land and buildings: -€13,902
- Tax, wage and social debts -€30,524
no longer reported in 2025 (was €30,524)
of which Remuneration and social security: -€23,990
- Other debts -€27,974
down €27,974 (-16.7%), from €167,624 to €139,650
- Trade debts -€14,642
down €14,642 (-40.2%), from €36,412 to €21,771
- Profit (loss) carried forward -€7,901
down €7,901 (-5.2%), from -€151,959 to -€159,860
- Staff costs -€189,564
down €189,564 (-65.4%), from €289,957 to €100,393
- Gross operating margin -€40,501
down €40,501 (-28.6%), from €141,630 to €101,129
- Depreciation +€8,323
up €8,323 (+143.3%), from €5,808 to €14,132
- Other operating charges -€4,270
down €4,270 (-97.1%), from €4,398 to €128
- Financial income -€3,417
down €3,417 (-30.1%), from €11,357 to €7,940
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 | €475,603 | €394,562 | -€81,041 | -17.0% |
| Fixed assets | 21/28 | €76,536 | €62,405 | -€14,132 | -18.5% |
| Tangible fixed assets | 22/27 | €75,556 | €61,425 | -€14,132 | -18.7% |
| Land and buildings | 22 | €75,326 | €61,425 | -€13,902 | -18.5% |
| Plant, machinery and equipment | 23 | €230 | - | -€230 | |
| Financial fixed assets | 28 | €980 | €980 | = | 0.0% |
| Current assets | 29/58 | €399,067 | €332,158 | -€66,910 | -16.8% |
| Stocks and contracts in progress | 3 | €33,896 | - | -€33,896 | |
| Stocks | 30/36 | €33,896 | - | -€33,896 | |
| Amounts receivable within one year | 40/41 | €308,553 | €176,124 | -€132,429 | -42.9% |
| Trade receivables | 40 | €148,220 | €79,288 | -€68,932 | -46.5% |
| Other amounts receivable | 41 | €160,333 | €96,836 | -€63,497 | -39.6% |
| Cash at bank and in hand | 54/58 | €56,618 | €156,034 | +€99,416 | +175.6% |
| Total equity and liabilities | 10/49 | €475,603 | €394,562 | -€81,041 | -17.0% |
| Equity | 10/15 | €241,043 | €233,142 | -€7,901 | -3.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €374,410 | €374,410 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €355,660 | €355,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,959 | -€159,860 | -€7,901 | -5.2% |
| Amounts payable | 17/49 | €234,561 | €161,420 | -€73,140 | -31.2% |
| Amounts payable within one year | 42/48 | €234,561 | €161,420 | -€73,140 | -31.2% |
| Trade debts | 44 | €36,412 | €21,771 | -€14,642 | -40.2% |
| Suppliers | 440/4 | €36,412 | €21,771 | -€14,642 | -40.2% |
| Taxes, remuneration and social security | 45 | €30,524 | - | -€30,524 | |
| Taxes | 450/3 | €6,534 | - | -€6,534 | |
| Remuneration and social security | 454/9 | €23,990 | - | -€23,990 | |
| Other amounts payable | 47/48 | €167,624 | €139,650 | -€27,974 | -16.7% |
| Remuneration, social security and pensions | 62 | €289,957 | €100,393 | -€189,564 | -65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,808 | €14,132 | +€8,323 | +143.3% |
| Other operating charges | 640/8 | €4,398 | €128 | -€4,270 | -97.1% |
| Gross operating margin | 9900 | €141,630 | €101,129 | -€40,501 | -28.6% |
| Operating profit (loss) | 9901 | -€158,533 | -€13,524 | +€145,010 | +91.5% |
| Financial income | 75/76B | €11,357 | €7,940 | -€3,417 | -30.1% |
| Recurring financial income | 75 | €11,357 | €7,940 | -€3,417 | -30.1% |
| Financial charges | 65/66B | €4,782 | €2,317 | -€2,465 | -51.5% |
| Recurring financial charges | 65 | €4,782 | €2,317 | -€2,465 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | -€151,959 | -€7,901 | +€144,058 | +94.8% |
| Profit (loss) for the period | 9904 | -€151,959 | -€7,901 | +€144,058 | +94.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€151,959 | -€7,901 | +€144,058 | +94.8% |
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 7 October 2026 via checked.be.