BEZOH: 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.
BEZOH
Largest movements
- Stocks and contracts -€114,619
down €114,619 (-51.1%), from €224,416 to €109,797
- Receivables within one year +€58,757
up €58,757 (+184.2%), from €31,891 to €90,648
of which Trade receivables: +€61,118
- Cash +€21,350
up €21,350 (+90.2%), from €23,657 to €45,006
mainly Stocks and contracts (+€114,619) and Trade debts (+€39,036)
- Tangible fixed assets -€11,277
down €11,277 (-3.5%), from €318,987 to €307,710
of which Land and buildings: -€11,545
- Profit (loss) carried forward -€48,434
down €48,434 (-100.4%), from -€48,263 to -€96,696
- Trade debts +€39,036
up €39,036 (+84.9%), from €45,997 to €85,033
- Debts after one year -€16,189
down €16,189 (-4.3%), from €375,718 to €359,529
- Current portion of long-term debt -€12,242
down €12,242 (-6.9%), from €178,431 to €166,189
- Financial charges +€15,000
up €15,000 (+241.4%), from €6,213 to €21,213
- Gross operating margin -€12,334
down €12,334 (-36.9%), from €33,391 to €21,057
- Staff costs +€3,638
up €3,638 (+15.2%), from €23,908 to €27,546
- Other operating charges +€2,013
up €2,013 (+41.7%), from €4,831 to €6,844
- Depreciation -€1,088
down €1,088 (-7.5%), from €14,471 to €13,383
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €603,090 | €560,217 | -€42,873 | -7.1% |
| Fixed assets | 21/28 | €320,967 | €309,690 | -€11,277 | -3.5% |
| Tangible fixed assets | 22/27 | €318,987 | €307,710 | -€11,277 | -3.5% |
| Land and buildings | 22 | €316,540 | €304,996 | -€11,545 | -3.6% |
| Furniture and vehicles | 24 | €2,447 | €2,715 | +€268 | +10.9% |
| Financial fixed assets | 28 | €1,980 | €1,980 | = | 0.0% |
| Current assets | 29/58 | €282,123 | €250,527 | -€31,596 | -11.2% |
| Stocks and contracts in progress | 3 | €224,416 | €109,797 | -€114,619 | -51.1% |
| Stocks | 30/36 | €224,416 | €109,797 | -€114,619 | -51.1% |
| Amounts receivable within one year | 40/41 | €31,891 | €90,648 | +€58,757 | +184.2% |
| Trade receivables | 40 | €29,530 | €90,648 | +€61,118 | +207.0% |
| Other amounts receivable | 41 | €2,360 | - | -€2,360 | |
| Cash at bank and in hand | 54/58 | €23,657 | €45,006 | +€21,350 | +90.2% |
| Deferred charges and accrued income | 490/1 | €2,159 | €5,076 | +€2,917 | +135.1% |
| Total equity and liabilities | 10/49 | €603,090 | €560,217 | -€42,873 | -7.1% |
| Equity | 10/15 | -€29,663 | -€78,096 | -€48,434 | -163.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,263 | -€96,696 | -€48,434 | -100.4% |
| Amounts payable | 17/49 | €632,753 | €638,313 | +€5,561 | +0.9% |
| Amounts payable after more than one year | 17 | €375,718 | €359,529 | -€16,189 | -4.3% |
| Financial debts | 170/4 | €375,718 | €359,529 | -€16,189 | -4.3% |
| Amounts payable within one year | 42/48 | €254,309 | €277,072 | +€22,763 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €178,431 | €166,189 | -€12,242 | -6.9% |
| Trade debts | 44 | €45,997 | €85,033 | +€39,036 | +84.9% |
| Suppliers | 440/4 | €45,997 | €85,033 | +€39,036 | +84.9% |
| Taxes, remuneration and social security | 45 | €10,677 | €5,287 | -€5,390 | -50.5% |
| Taxes | 450/3 | €1,436 | €338 | -€1,098 | -76.5% |
| Remuneration and social security | 454/9 | €9,241 | €4,950 | -€4,292 | -46.4% |
| Other amounts payable | 47/48 | €19,204 | €20,563 | +€1,359 | +7.1% |
| Accrued charges and deferred income | 492/3 | €2,725 | €1,712 | -€1,013 | -37.2% |
| Non-recurring operating income | 76A | - | €1,616 | +€1,616 | |
| Remuneration, social security and pensions | 62 | €23,908 | €27,546 | +€3,638 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,471 | €13,383 | -€1,088 | -7.5% |
| Other operating charges | 640/8 | €4,831 | €6,844 | +€2,013 | +41.7% |
| Non-recurring operating charges | 66A | €630 | €558 | -€73 | -11.6% |
| Gross operating margin | 9900 | €33,391 | €21,057 | -€12,334 | -36.9% |
| Operating profit (loss) | 9901 | -€10,449 | -€27,273 | -€16,824 | -161.0% |
| Financial income | 75/76B | €0 | €53 | +€52 | +11611.1% |
| Recurring financial income | 75 | €0 | €53 | +€52 | +11611.1% |
| Financial charges | 65/66B | €6,213 | €21,213 | +€15,000 | +241.4% |
| Recurring financial charges | 65 | €6,213 | €21,213 | +€15,000 | +241.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,662 | -€48,434 | -€31,772 | -190.7% |
| Income taxes | 67/77 | €1,077 | - | -€1,077 | |
| Profit (loss) for the period | 9904 | -€17,738 | -€48,434 | -€30,695 | -173.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,738 | -€48,434 | -€30,695 | -173.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.