BeWoCo: 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.
BeWoCo
Largest movements
- Receivables within one year -€71,826
down €71,826 (-61.2%), from €117,298 to €45,472
of which Trade receivables: -€58,886
- Cash +€48,263
up €48,263 (+327.5%), from €14,738 to €63,000
mainly Receivables within one year (+€71,826) and Debts after one year (+€18,265)
- Stocks and contracts +€6,875
new in 2025: €6,875
- Deferred charges and accrued income +€4,380
up €4,380 (+119.6%), from €3,663 to €8,044
- Tangible fixed assets +€2,665
up €2,665 (+6.3%), from €41,983 to €44,648
of which Land and buildings: +€5,197
- Profit (loss) carried forward -€28,691
down €28,691 (-300.5%), from -€9,549 to -€38,239
- Debts after one year +€18,265
up €18,265 (+108.1%), from €16,897 to €35,162
- Tax, wage and social debts -€11,478
down €11,478 (-45.0%), from €25,507 to €14,029
- Trade debts +€8,339
up €8,339 (+28.7%), from €29,042 to €37,380
- Current portion of long-term debt +€6,949
up €6,949 (+121.1%), from €5,738 to €12,688
- Gross operating margin -€17,345
down €17,345, from €9,755 to -€7,590
- Depreciation +€2,453
up €2,453 (+16.5%), from €14,866 to €17,319
- Other operating charges -€1,651
down €1,651 (-48.2%), from €3,423 to €1,771
- Financial charges +€1,539
up €1,539 (+84.2%), from €1,827 to €3,366
- Financial income +€581
up €581 (+71.6%), from €812 to €1,393
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 | €182,778 | €170,942 | -€11,836 | -6.5% |
| Fixed assets | 21/28 | €47,079 | €47,551 | +€472 | +1.0% |
| Intangible fixed assets | 21 | €5,095 | €2,903 | -€2,192 | -43.0% |
| Tangible fixed assets | 22/27 | €41,983 | €44,648 | +€2,665 | +6.3% |
| Land and buildings | 22 | €6,248 | €11,445 | +€5,197 | +83.2% |
| Plant, machinery and equipment | 23 | €21,126 | €20,496 | -€630 | -3.0% |
| Furniture and vehicles | 24 | €14,609 | €12,707 | -€1,903 | -13.0% |
| Current assets | 29/58 | €135,699 | €123,391 | -€12,308 | -9.1% |
| Stocks and contracts in progress | 3 | - | €6,875 | +€6,875 | |
| Stocks | 30/36 | - | €6,875 | +€6,875 | |
| Amounts receivable within one year | 40/41 | €117,298 | €45,472 | -€71,826 | -61.2% |
| Trade receivables | 40 | €94,231 | €35,346 | -€58,886 | -62.5% |
| Other amounts receivable | 41 | €23,067 | €10,126 | -€12,941 | -56.1% |
| Cash at bank and in hand | 54/58 | €14,738 | €63,000 | +€48,263 | +327.5% |
| Deferred charges and accrued income | 490/1 | €3,663 | €8,044 | +€4,380 | +119.6% |
| Total equity and liabilities | 10/49 | €182,778 | €170,942 | -€11,836 | -6.5% |
| Equity | 10/15 | €90,560 | €61,869 | -€28,691 | -31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,509 | €81,509 | = | 0.0% |
| Distributable reserves | 133 | €81,509 | €81,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,549 | -€38,239 | -€28,691 | -300.5% |
| Amounts payable | 17/49 | €92,218 | €109,073 | +€16,855 | +18.3% |
| Amounts payable after more than one year | 17 | €16,897 | €35,162 | +€18,265 | +108.1% |
| Financial debts | 170/4 | €16,897 | €35,162 | +€18,265 | +108.1% |
| Amounts payable within one year | 42/48 | €75,321 | €73,910 | -€1,410 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €5,738 | €12,688 | +€6,949 | +121.1% |
| Trade debts | 44 | €29,042 | €37,380 | +€8,339 | +28.7% |
| Suppliers | 440/4 | €29,042 | €37,380 | +€8,339 | +28.7% |
| Taxes, remuneration and social security | 45 | €25,507 | €14,029 | -€11,478 | -45.0% |
| Taxes | 450/3 | €25,507 | €14,029 | -€11,478 | -45.0% |
| Other amounts payable | 47/48 | €15,034 | €9,814 | -€5,220 | -34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,866 | €17,319 | +€2,453 | +16.5% |
| Other operating charges | 640/8 | €3,423 | €1,771 | -€1,651 | -48.2% |
| Gross operating margin | 9900 | €9,755 | -€7,590 | -€17,345 | |
| Operating profit (loss) | 9901 | -€8,534 | -€26,680 | -€18,147 | -212.7% |
| Financial income | 75/76B | €812 | €1,393 | +€581 | +71.6% |
| Recurring financial income | 75 | €812 | €1,393 | +€581 | +71.6% |
| Financial charges | 65/66B | €1,827 | €3,366 | +€1,539 | +84.2% |
| Recurring financial charges | 65 | €1,827 | €3,366 | +€1,539 | +84.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,549 | -€28,653 | -€19,105 | -200.1% |
| Income taxes | 67/77 | - | €38 | +€38 | |
| Profit (loss) for the period | 9904 | -€9,549 | -€28,691 | -€19,142 | -200.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,549 | -€28,691 | -€19,142 | -200.5% |
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.