BEZY: 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.
BEZY
Largest movements
- Current investments +€136,798
up €136,798 (+44.3%), from €309,039 to €445,836
- Cash -€43,379
down €43,379 (-53.2%), from €81,562 to €38,183
mainly Current investments (-€136,798) and Trade debts (-€7,070)
- Tangible fixed assets -€25,212
down €25,212 (-16.2%), from €155,171 to €129,959
of which Land and buildings: -€18,544
- Reserves +€80,672
up €80,672 (+19.0%), from €425,539 to €506,211
of which Distributable reserves: +€80,672
- Trade debts -€7,070
no longer reported in 2025 (was €7,070)
- Gross operating margin -€42,850
down €42,850 (-23.1%), from €185,767 to €142,917
- Taxes -€13,293
down €13,293 (-29.2%), from €45,458 to €32,166
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 | €586,024 | €653,384 | +€67,360 | +11.5% |
| Fixed assets | 21/28 | €155,171 | €129,959 | -€25,212 | -16.2% |
| Tangible fixed assets | 22/27 | €155,171 | €129,959 | -€25,212 | -16.2% |
| Land and buildings | 22 | €122,103 | €103,559 | -€18,544 | -15.2% |
| Plant, machinery and equipment | 23 | €16,392 | €12,508 | -€3,884 | -23.7% |
| Furniture and vehicles | 24 | €16,675 | €13,892 | -€2,784 | -16.7% |
| Current assets | 29/58 | €430,853 | €523,425 | +€92,572 | +21.5% |
| Amounts receivable within one year | 40/41 | - | €2,762 | +€2,762 | |
| Trade receivables | 40 | - | €2,762 | +€2,762 | |
| Current investments | 50/53 | €309,039 | €445,836 | +€136,798 | +44.3% |
| Cash at bank and in hand | 54/58 | €81,562 | €38,183 | -€43,379 | -53.2% |
| Deferred charges and accrued income | 490/1 | €40,252 | €36,644 | -€3,608 | -9.0% |
| Total equity and liabilities | 10/49 | €586,024 | €653,384 | +€67,360 | +11.5% |
| Equity | 10/15 | €461,550 | €542,222 | +€80,672 | +17.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €425,539 | €506,211 | +€80,672 | +19.0% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Legal reserve | 130 | €1,240 | €1,240 | = | 0.0% |
| Tax-exempt reserves | 132 | €424,299 | €424,299 | = | 0.0% |
| Distributable reserves | 133 | - | €80,672 | +€80,672 | |
| Profit (loss) carried forward | 14 | €23,611 | €23,611 | = | 0.0% |
| Amounts payable | 17/49 | €124,473 | €111,162 | -€13,311 | -10.7% |
| Amounts payable after more than one year | 17 | €9,081 | €5,551 | -€3,530 | -38.9% |
| Financial debts | 170/4 | €9,081 | €5,551 | -€3,530 | -38.9% |
| Amounts payable within one year | 42/48 | €115,393 | €105,612 | -€9,781 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €3,400 | €3,530 | +€130 | +3.8% |
| Trade debts | 44 | €7,070 | - | -€7,070 | |
| Suppliers | 440/4 | €7,070 | - | -€7,070 | |
| Taxes, remuneration and social security | 45 | €32,076 | €29,497 | -€2,579 | -8.0% |
| Taxes | 450/3 | €32,076 | €29,497 | -€2,579 | -8.0% |
| Other amounts payable | 47/48 | €72,847 | €72,585 | -€262 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,494 | €27,630 | +€1,136 | +4.3% |
| Other operating charges | 640/8 | €572 | €500 | -€73 | -12.7% |
| Gross operating margin | 9900 | €185,767 | €142,917 | -€42,850 | -23.1% |
| Operating profit (loss) | 9901 | €158,701 | €114,787 | -€43,914 | -27.7% |
| Financial income | 75/76B | €3,466 | €4,332 | +€866 | +25.0% |
| Recurring financial income | 75 | €3,466 | €4,332 | +€866 | +25.0% |
| Financial charges | 65/66B | €7,325 | €6,282 | -€1,043 | -14.2% |
| Recurring financial charges | 65 | €7,325 | €6,282 | -€1,043 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €154,842 | €112,837 | -€42,005 | -27.1% |
| Income taxes | 67/77 | €45,458 | €32,166 | -€13,293 | -29.2% |
| Profit (loss) for the period | 9904 | €109,383 | €80,672 | -€28,712 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €109,383 | €80,672 | -€28,712 | -26.2% |
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.