BEWO-Group: what changed
BEWO-Group
Largest movements
- Receivables within one year -€13,236
down €13,236 (-24.9%), from €53,236 to €40,000
of which Other amounts receivable: -€11,886
- Deferred charges and accrued income -€4,745
down €4,745 (-56.6%), from €8,381 to €3,635
- Intangible fixed assets +€4,677
new in 2025: €4,677
- Cash +€4,110
up €4,110 (+5.5%), from €75,149 to €79,259
mainly Tax, wage and social debts (+€15,268) and Receivables within one year (+€13,236)
- Stocks and contracts -€2,548
down €2,548 (-11.3%), from €22,523 to €19,976
- Trade debts -€40,392
down €40,392 (-69.4%), from €58,177 to €17,784
- Tax, wage and social debts +€15,268
up €15,268 (+336%), from €4,546 to €19,814
of which Taxes: +€12,927
- Reserves +€10,936
up €10,936 (+10.8%), from €101,564 to €112,500
of which Distributable reserves: +€10,936
- Profit (loss) carried forward +€2,176
new in 2025: €2,176
- Gross operating margin +€33,268
up €33,268 (+168%), from €19,777 to €53,046
- Taxes +€7,137
up €7,137 (+335%), from €2,134 to €9,271
- Staff costs +€2,890
up €2,890 (+15.4%), from €18,738 to €21,628
- Depreciation +€967
up €967 (+27.3%), from €3,536 to €4,502
- Financial charges +€597
up €597 (+19.9%), from €2,998 to €3,595
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,886 | €170,874 | -€12,012 | -6.6% |
| Fixed assets | 21/28 | €10,597 | €15,004 | +€4,407 | +41.6% |
| Intangible fixed assets | 21 | - | €4,677 | +€4,677 | |
| Tangible fixed assets | 22/27 | €10,597 | €10,327 | -€270 | -2.5% |
| Plant, machinery and equipment | 23 | €7,154 | €5,160 | -€1,994 | -27.9% |
| Furniture and vehicles | 24 | €702 | €2,754 | +€2,052 | +292% |
| Other tangible fixed assets | 26 | €2,741 | €2,413 | -€328 | -12.0% |
| Current assets | 29/58 | €172,289 | €155,870 | -€16,418 | -9.5% |
| Amounts receivable after more than one year | 29 | €13,000 | €13,000 | = | 0.0% |
| Other amounts receivable | 291 | €13,000 | €13,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €22,523 | €19,976 | -€2,548 | -11.3% |
| Stocks | 30/36 | €22,523 | €19,976 | -€2,548 | -11.3% |
| Amounts receivable within one year | 40/41 | €53,236 | €40,000 | -€13,236 | -24.9% |
| Trade receivables | 40 | €38,723 | €37,373 | -€1,350 | -3.5% |
| Other amounts receivable | 41 | €14,513 | €2,627 | -€11,886 | -81.9% |
| Cash at bank and in hand | 54/58 | €75,149 | €79,259 | +€4,110 | +5.5% |
| Deferred charges and accrued income | 490/1 | €8,381 | €3,635 | -€4,745 | -56.6% |
| Total equity and liabilities | 10/49 | €182,886 | €170,874 | -€12,012 | -6.6% |
| Equity | 10/15 | €120,164 | €133,276 | +€13,112 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,564 | €112,500 | +€10,936 | +10.8% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €101,564 | €112,500 | +€10,936 | +10.8% |
| Profit (loss) carried forward | 14 | - | €2,176 | +€2,176 | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €62,722 | €37,599 | -€25,124 | -40.1% |
| Amounts payable within one year | 42/48 | €62,722 | €37,599 | -€25,124 | -40.1% |
| Trade debts | 44 | €58,177 | €17,784 | -€40,392 | -69.4% |
| Suppliers | 440/4 | €58,177 | €17,784 | -€40,392 | -69.4% |
| Taxes, remuneration and social security | 45 | €4,546 | €19,814 | +€15,268 | +336% |
| Taxes | 450/3 | €1,405 | €14,332 | +€12,927 | +920% |
| Remuneration and social security | 454/9 | €3,141 | €5,483 | +€2,342 | +74.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €18,738 | €21,628 | +€2,890 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,536 | €4,502 | +€967 | +27.3% |
| Other operating charges | 640/8 | €1,913 | €2,439 | +€526 | +27.5% |
| Gross operating margin | 9900 | €19,777 | €53,046 | +€33,268 | +168% |
| Operating profit (loss) | 9901 | -€4,409 | €24,476 | +€28,885 | |
| Financial income | 75/76B | €1,994 | €1,501 | -€493 | -24.7% |
| Recurring financial income | 75 | €1,994 | €1,501 | -€493 | -24.7% |
| Financial charges | 65/66B | €2,998 | €3,595 | +€597 | +19.9% |
| Recurring financial charges | 65 | €2,998 | €3,595 | +€597 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,413 | €22,382 | +€27,795 | |
| Transfer from deferred taxes | 780 | €1,070 | €0 | -€1,070 | -100% |
| Income taxes | 67/77 | €2,134 | €9,271 | +€7,137 | +335% |
| Profit (loss) for the period | 9904 | -€6,476 | €13,112 | +€19,588 | |
| Transfer from tax-exempt reserves | 789 | €4,281 | €0 | -€4,281 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,195 | €13,112 | +€15,307 |
Next steps
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 2 November 2026 via checked.be.