DR. BECX PHILIPPE: 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.
DR. BECX PHILIPPE
Largest movements
- Current investments +€98,501
up €98,501 (+8.6%), from €1.1m to €1.2m
- Tangible fixed assets -€49,728
down €49,728 (-19.3%), from €258,023 to €208,295
of which Furniture and vehicles: -€34,502
- Cash -€21,058
down €21,058 (-42.5%), from €49,559 to €28,501
mainly Contributions, distributions and other (-€153,239) and Current investments (-€98,501)
- Debts after one year -€61,946
down €61,946 (-30.3%), from €204,121 to €142,175
- Reserves +€56,285
up €56,285 (+3.8%), from €1.5m to €1.5m
- Current portion of long-term debt +€35,130
up €35,130 (+58.1%), from €60,454 to €95,585
- Financial income -€106,820
down €106,820 (-80.4%), from €132,806 to €25,986
- Gross operating margin -€11,566
down €11,566 (-3.1%), from €368,723 to €357,156
- Taxes -€9,133
down €9,133 (-8.2%), from €110,992 to €101,859
- Depreciation +€5,688
up €5,688 (+10.4%), from €54,539 to €60,228
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.
Derived cash bridge
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 | €1,772,277 | €1,789,116 | +€16,839 | +1.0% |
| Fixed assets | 21/28 | €258,223 | €208,495 | -€49,728 | -19.3% |
| Tangible fixed assets | 22/27 | €258,023 | €208,295 | -€49,728 | -19.3% |
| Land and buildings | 22 | €98,824 | €83,928 | -€14,896 | -15.1% |
| Plant, machinery and equipment | 23 | €1,431 | €1,101 | -€330 | -23.1% |
| Furniture and vehicles | 24 | €139,268 | €104,766 | -€34,502 | -24.8% |
| Other tangible fixed assets | 26 | €18,500 | €18,500 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €1,514,054 | €1,580,620 | +€66,567 | +4.4% |
| Amounts receivable within one year | 40/41 | €97,524 | €88,572 | -€8,952 | -9.2% |
| Trade receivables | 40 | - | €828 | +€828 | |
| Other amounts receivable | 41 | €97,524 | €87,743 | -€9,781 | -10.0% |
| Current investments | 50/53 | €1,149,963 | €1,248,465 | +€98,501 | +8.6% |
| Cash at bank and in hand | 54/58 | €49,559 | €28,501 | -€21,058 | -42.5% |
| Deferred charges and accrued income | 490/1 | €217,007 | €215,084 | -€1,924 | -0.9% |
| Total equity and liabilities | 10/49 | €1,772,277 | €1,789,116 | +€16,839 | +1.0% |
| Equity | 10/15 | €1,491,595 | €1,547,880 | +€56,285 | +3.8% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €1,478,995 | €1,535,280 | +€56,285 | +3.8% |
| Distributable reserves | 133 | €1,478,995 | €1,535,280 | +€56,285 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | - | -€0 | |
| Amounts payable | 17/49 | €280,681 | €241,235 | -€39,446 | -14.1% |
| Amounts payable after more than one year | 17 | €204,121 | €142,175 | -€61,946 | -30.3% |
| Financial debts | 170/4 | €204,121 | €142,175 | -€61,946 | -30.3% |
| Amounts payable within one year | 42/48 | €76,561 | €98,998 | +€22,437 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €60,454 | €95,585 | +€35,130 | +58.1% |
| Trade debts | 44 | €4,279 | €1,014 | -€3,266 | -76.3% |
| Suppliers | 440/4 | €4,279 | €1,014 | -€3,266 | -76.3% |
| Taxes, remuneration and social security | 45 | €11,827 | €2,400 | -€9,427 | -79.7% |
| Taxes | 450/3 | €11,827 | €2,400 | -€9,427 | -79.7% |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,539 | €60,228 | +€5,688 | +10.4% |
| Other operating charges | 640/8 | €3,085 | €4,224 | +€1,139 | +36.9% |
| Gross operating margin | 9900 | €368,723 | €357,156 | -€11,566 | -3.1% |
| Operating profit (loss) | 9901 | €311,098 | €292,705 | -€18,394 | -5.9% |
| Financial income | 75/76B | €132,806 | €25,986 | -€106,820 | -80.4% |
| Recurring financial income | 75 | €132,806 | €25,986 | -€106,820 | -80.4% |
| Financial charges | 65/66B | €7,818 | €7,308 | -€510 | -6.5% |
| Recurring financial charges | 65 | €7,818 | €7,308 | -€510 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €436,086 | €311,383 | -€124,703 | -28.6% |
| Income taxes | 67/77 | €110,992 | €101,859 | -€9,133 | -8.2% |
| Profit (loss) for the period | 9904 | €325,094 | €209,524 | -€115,570 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €325,094 | €209,524 | -€115,570 | -35.5% |
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 17 October 2026 via checked.be.