BUAY - BEGON: 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.
BUAY - BEGON
Largest movements
- Current investments +€83,000
up €83,000 (+11.6%), from €716,376 to €799,376
- Receivables within one year -€49,320
down €49,320 (-21.7%), from €227,239 to €177,919
of which Trade receivables: -€66,454
- Cash -€19,599
down €19,599 (-12.0%), from €163,851 to €144,252
mainly Current investments (-€83,000) and Contributions, distributions and other (-€61,000)
- Stocks and contracts +€18,465
up €18,465 (+35.6%), from €51,900 to €70,365
- Trade debts +€26,702
up €26,702 (+49.5%), from €53,917 to €80,619
- Reserves +€17,500
up €17,500 (+3.4%), from €518,399 to €535,899
- Other debts -€14,555
down €14,555 (-20.1%), from €72,505 to €57,950
- Gross operating margin +€36,556
up €36,556 (+55.4%), from €65,997 to €102,553
- Taxes +€12,170
up €12,170 (+49.7%), from €24,472 to €36,642
- Financial income +€2,123
up €2,123 (+15.0%), from €14,202 to €16,325
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 | €1,211,174 | €1,244,901 | +€33,726 | +2.8% |
| Fixed assets | 21/28 | €47,724 | €46,187 | -€1,537 | -3.2% |
| Tangible fixed assets | 22/27 | €15,774 | €13,637 | -€2,137 | -13.5% |
| Land and buildings | 22 | €10,765 | €10,048 | -€718 | -6.7% |
| Plant, machinery and equipment | 23 | €672 | €134 | -€537 | -80.0% |
| Furniture and vehicles | 24 | €4,337 | €3,455 | -€882 | -20.3% |
| Financial fixed assets | 28 | €31,950 | €32,550 | +€600 | +1.9% |
| Current assets | 29/58 | €1,163,450 | €1,198,713 | +€35,263 | +3.0% |
| Stocks and contracts in progress | 3 | €51,900 | €70,365 | +€18,465 | +35.6% |
| Stocks | 30/36 | €51,900 | €70,365 | +€18,465 | +35.6% |
| Amounts receivable within one year | 40/41 | €227,239 | €177,919 | -€49,320 | -21.7% |
| Trade receivables | 40 | €191,375 | €124,920 | -€66,454 | -34.7% |
| Other amounts receivable | 41 | €35,864 | €52,999 | +€17,135 | +47.8% |
| Current investments | 50/53 | €716,376 | €799,376 | +€83,000 | +11.6% |
| Cash at bank and in hand | 54/58 | €163,851 | €144,252 | -€19,599 | -12.0% |
| Deferred charges and accrued income | 490/1 | €4,084 | €6,801 | +€2,717 | +66.5% |
| Total equity and liabilities | 10/49 | €1,211,174 | €1,244,901 | +€33,726 | +2.8% |
| Equity | 10/15 | €1,006,703 | €1,024,204 | +€17,501 | +1.7% |
| Contributions | 10/11 | €467,786 | €467,786 | = | 0.0% |
| Revaluation surpluses | 12 | €5,369 | €5,369 | = | 0.0% |
| Reserves | 13 | €518,399 | €535,899 | +€17,500 | +3.4% |
| Distributable reserves | 133 | €518,399 | €535,899 | +€17,500 | +3.4% |
| Profit (loss) carried forward | 14 | €15,149 | €15,150 | +€1 | 0.0% |
| Provisions and deferred taxes | 16 | €70,000 | €70,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €70,000 | €70,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable | 17/49 | €134,471 | €150,697 | +€16,226 | +12.1% |
| Amounts payable within one year | 42/48 | €133,761 | €149,950 | +€16,188 | +12.1% |
| Trade debts | 44 | €53,917 | €80,619 | +€26,702 | +49.5% |
| Suppliers | 440/4 | €53,917 | €80,619 | +€26,702 | +49.5% |
| Taxes, remuneration and social security | 45 | €7,339 | €11,380 | +€4,041 | +55.1% |
| Taxes | 450/3 | €7,339 | €11,380 | +€4,041 | +55.1% |
| Other amounts payable | 47/48 | €72,505 | €57,950 | -€14,555 | -20.1% |
| Accrued charges and deferred income | 492/3 | €710 | €747 | +€37 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,555 | €2,137 | +€582 | +37.4% |
| Other operating charges | 640/8 | €1,282 | €1,214 | -€68 | -5.3% |
| Gross operating margin | 9900 | €65,997 | €102,553 | +€36,556 | +55.4% |
| Operating profit (loss) | 9901 | €63,159 | €99,202 | +€36,043 | +57.1% |
| Financial income | 75/76B | €14,202 | €16,325 | +€2,123 | +15.0% |
| Recurring financial income | 75 | €14,202 | €16,325 | +€2,123 | +15.0% |
| Financial charges | 65/66B | €260 | €384 | +€124 | +47.8% |
| Recurring financial charges | 65 | €260 | €384 | +€124 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €77,101 | €115,143 | +€38,042 | +49.3% |
| Income taxes | 67/77 | €24,472 | €36,642 | +€12,170 | +49.7% |
| Profit (loss) for the period | 9904 | €52,628 | €78,501 | +€25,872 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,628 | €78,501 | +€25,872 | +49.2% |
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 2 October 2026 via checked.be.