GROUP BEFLEX: 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.
GROUP BEFLEX
Largest movements
- Receivables within one year -€10,103
down €10,103 (-68.3%), from €14,791 to €4,689
of which Trade receivables: -€11,721
- Tangible fixed assets -€6,995
down €6,995 (-79.7%), from €8,781 to €1,786
of which Other tangible fixed assets: -€6,075
- Cash -€3,081
down €3,081 (-69.6%), from €4,428 to €1,347
mainly Net result for the year (-€26,312)
- Deferred charges and accrued income -€490
down €490 (-74.1%), from €661 to €171
- Profit (loss) carried forward -€26,312
down €26,312, from €9,384 to -€16,928
- Tax, wage and social debts +€3,749
up €3,749 (+26.9%), from €13,940 to €17,689
of which Remuneration and social security: +€4,632
- Other debts +€1,697
up €1,697 (+613%), from €277 to €1,973
- Staff costs +€35,930
up €35,930 (+60.5%), from €59,433 to €95,362
- Gross operating margin +€3,146
up €3,146 (+4.4%), from €72,155 to €75,301
- Taxes -€2,859
down €2,859 (-96.0%), from €2,979 to €120
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 | €28,661 | €7,993 | -€20,669 | -72.1% |
| Fixed assets | 21/28 | €8,781 | €1,786 | -€6,995 | -79.7% |
| Tangible fixed assets | 22/27 | €8,781 | €1,786 | -€6,995 | -79.7% |
| Plant, machinery and equipment | 23 | €1,135 | €805 | -€330 | -29.1% |
| Furniture and vehicles | 24 | €1,571 | €981 | -€589 | -37.5% |
| Other tangible fixed assets | 26 | €6,075 | - | -€6,075 | |
| Current assets | 29/58 | €19,880 | €6,206 | -€13,674 | -68.8% |
| Amounts receivable within one year | 40/41 | €14,791 | €4,689 | -€10,103 | -68.3% |
| Trade receivables | 40 | €13,234 | €1,513 | -€11,721 | -88.6% |
| Other amounts receivable | 41 | €1,558 | €3,176 | +€1,618 | +104% |
| Cash at bank and in hand | 54/58 | €4,428 | €1,347 | -€3,081 | -69.6% |
| Deferred charges and accrued income | 490/1 | €661 | €171 | -€490 | -74.1% |
| Total equity and liabilities | 10/49 | €28,661 | €7,993 | -€20,669 | -72.1% |
| Equity | 10/15 | €12,384 | -€13,928 | -€26,312 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,384 | -€16,928 | -€26,312 | |
| Amounts payable | 17/49 | €16,277 | €21,921 | +€5,644 | +34.7% |
| Amounts payable within one year | 42/48 | €16,277 | €21,921 | +€5,644 | +34.7% |
| Trade debts | 44 | €2,061 | €2,259 | +€198 | +9.6% |
| Suppliers | 440/4 | €2,061 | €2,259 | +€198 | +9.6% |
| Taxes, remuneration and social security | 45 | €13,940 | €17,689 | +€3,749 | +26.9% |
| Taxes | 450/3 | €4,438 | €3,556 | -€882 | -19.9% |
| Remuneration and social security | 454/9 | €9,502 | €14,133 | +€4,632 | +48.7% |
| Other amounts payable | 47/48 | €277 | €1,973 | +€1,697 | +613% |
| Remuneration, social security and pensions | 62 | €59,433 | €95,362 | +€35,930 | +60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €645 | €920 | +€275 | +42.7% |
| Other operating charges | 640/8 | €131 | €336 | +€206 | +157% |
| Non-recurring operating charges | 66A | - | €4,825 | +€4,825 | |
| Gross operating margin | 9900 | €72,155 | €75,301 | +€3,146 | +4.4% |
| Operating profit (loss) | 9901 | €11,947 | -€26,142 | -€38,089 | |
| Financial charges | 65/66B | €308 | €50 | -€258 | -83.7% |
| Recurring financial charges | 65 | €308 | €50 | -€258 | -83.7% |
| Profit (loss) for the period before taxes | 9903 | €11,639 | -€26,192 | -€37,831 | |
| Income taxes | 67/77 | €2,979 | €120 | -€2,859 | -96.0% |
| Profit (loss) for the period | 9904 | €8,661 | -€26,312 | -€34,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,661 | -€26,312 | -€34,973 |
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 20 October 2026 via checked.be.