BEWIVAN: 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.
BEWIVAN
Largest movements
- Current investments +€600,000
new in 2025: €600,000
- Receivables within one year -€204,818
down €204,818 (-91.0%), from €225,174 to €20,356
of which Other amounts receivable: -€225,174
- Tangible fixed assets -€73,047
down €73,047 (-4.4%), from €1.7m to €1.6m
- Cash +€31,245
up €31,245 (+565.4%), from €5,526 to €36,771
mainly Net result for the year (+€396,096) and Other debts (+€211,865)
- Other debts +€211,865
up €211,865 (+259.1%), from €81,765 to €293,629
- Reserves +€116,096
up €116,096 (+5.4%), from €2.1m to €2.3m
- Financial income +€50,967
up €50,967 (+17.0%), from €300,120 to €351,087
- Gross operating margin +€14,003
up €14,003 (+7.3%), from €192,500 to €206,503
- Taxes +€12,793
up €12,793 (+20.7%), from €61,830 to €74,623
- Other operating charges +€6,952
up €6,952 (+267.5%), from €2,599 to €9,551
- Depreciation +€2,336
up €2,336 (+3.2%), from €73,115 to €75,451
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 | €2,296,879 | €2,647,494 | +€350,615 | +15.3% |
| Fixed assets | 21/28 | €2,066,179 | €1,990,368 | -€75,811 | -3.7% |
| Tangible fixed assets | 22/27 | €1,662,790 | €1,589,743 | -€73,047 | -4.4% |
| Land and buildings | 22 | €1,662,790 | €1,589,743 | -€73,047 | -4.4% |
| Financial fixed assets | 28 | €403,389 | €400,625 | -€2,764 | -0.7% |
| Current assets | 29/58 | €230,700 | €657,126 | +€426,426 | +184.8% |
| Amounts receivable within one year | 40/41 | €225,174 | €20,356 | -€204,818 | -91.0% |
| Trade receivables | 40 | - | €20,356 | +€20,356 | |
| Other amounts receivable | 41 | €225,174 | - | -€225,174 | |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €5,526 | €36,771 | +€31,245 | +565.4% |
| Total equity and liabilities | 10/49 | €2,296,879 | €2,647,494 | +€350,615 | +15.3% |
| Equity | 10/15 | €2,164,292 | €2,280,388 | +€116,096 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,145,692 | €2,261,788 | +€116,096 | +5.4% |
| Distributable reserves | 133 | €2,145,692 | €2,261,788 | +€116,096 | +5.4% |
| Amounts payable | 17/49 | €132,587 | €367,106 | +€234,518 | +176.9% |
| Amounts payable within one year | 42/48 | €132,587 | €367,106 | +€234,518 | +176.9% |
| Trade debts | 44 | €1,557 | €4,401 | +€2,844 | +182.7% |
| Suppliers | 440/4 | €1,557 | €4,401 | +€2,844 | +182.7% |
| Taxes, remuneration and social security | 45 | €49,266 | €69,075 | +€19,810 | +40.2% |
| Taxes | 450/3 | €49,266 | €69,075 | +€19,810 | +40.2% |
| Other amounts payable | 47/48 | €81,765 | €293,629 | +€211,865 | +259.1% |
| Non-recurring operating income | 76A | - | €636 | +€636 | |
| Remuneration, social security and pensions | 62 | €1,824 | €1,824 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,115 | €75,451 | +€2,336 | +3.2% |
| Other operating charges | 640/8 | €2,599 | €9,551 | +€6,952 | +267.5% |
| Gross operating margin | 9900 | €192,500 | €206,503 | +€14,003 | +7.3% |
| Operating profit (loss) | 9901 | €114,962 | €119,677 | +€4,715 | +4.1% |
| Financial income | 75/76B | €300,120 | €351,087 | +€50,967 | +17.0% |
| Recurring financial income | 75 | €300,120 | €351,087 | +€50,967 | +17.0% |
| Financial charges | 65/66B | €473 | €44 | -€429 | -90.6% |
| Recurring financial charges | 65 | €473 | €44 | -€429 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €414,609 | €470,719 | +€56,111 | +13.5% |
| Income taxes | 67/77 | €61,830 | €74,623 | +€12,793 | +20.7% |
| Profit (loss) for the period | 9904 | €352,779 | €396,096 | +€43,318 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €352,779 | €396,096 | +€43,318 | +12.3% |
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.