Andreas Beerts: 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.
Andreas Beerts
Largest movements
- Receivables within one year -€9,718
down €9,718 (-75.2%), from €12,924 to €3,206
of which Trade receivables: -€9,806
- Cash +€2,351
up €2,351 (+140.2%), from €1,677 to €4,028
mainly Receivables within one year (+€9,718) and Depreciation (+€1,490)
- Financial fixed assets -€650
no longer reported in 2025 (was €650)
- Deferred charges and accrued income +€390
up €390 (+125.0%), from €312 to €702
- Other debts -€4,508
no longer reported in 2025 (was €4,508)
- Trade debts -€4,100
down €4,100 (-37.2%), from €11,015 to €6,914
- Profit (loss) carried forward +€977
up €977 (+15.8%), from -€6,167 to -€5,190
- Gross operating margin -€12,329
down €12,329 (-80.0%), from €15,409 to €3,080
- Depreciation +€313
up €313 (+26.5%), from €1,178 to €1,490
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 | €18,823 | €11,090 | -€7,733 | -41.1% |
| Fixed assets | 21/28 | €3,911 | €3,155 | -€756 | -19.3% |
| Tangible fixed assets | 22/27 | €3,261 | €3,155 | -€106 | -3.3% |
| Plant, machinery and equipment | 23 | €1,161 | €1,790 | +€629 | +54.2% |
| Furniture and vehicles | 24 | €2,100 | €1,365 | -€735 | -35.0% |
| Financial fixed assets | 28 | €650 | - | -€650 | |
| Current assets | 29/58 | €14,912 | €7,935 | -€6,977 | -46.8% |
| Amounts receivable within one year | 40/41 | €12,924 | €3,206 | -€9,718 | -75.2% |
| Trade receivables | 40 | €12,924 | €3,117 | -€9,806 | -75.9% |
| Other amounts receivable | 41 | - | €88 | +€88 | |
| Cash at bank and in hand | 54/58 | €1,677 | €4,028 | +€2,351 | +140.2% |
| Deferred charges and accrued income | 490/1 | €312 | €702 | +€390 | +125.0% |
| Total equity and liabilities | 10/49 | €18,823 | €11,090 | -€7,733 | -41.1% |
| Equity | 10/15 | €33 | €1,010 | +€977 | +2986.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,167 | -€5,190 | +€977 | +15.8% |
| Amounts payable | 17/49 | €18,791 | €10,081 | -€8,710 | -46.4% |
| Amounts payable within one year | 42/48 | €18,791 | €10,081 | -€8,710 | -46.4% |
| Trade debts | 44 | €11,015 | €6,914 | -€4,100 | -37.2% |
| Suppliers | 440/4 | €11,015 | €6,914 | -€4,100 | -37.2% |
| Taxes, remuneration and social security | 45 | €3,268 | €3,166 | -€102 | -3.1% |
| Taxes | 450/3 | €3,268 | €3,166 | -€102 | -3.1% |
| Other amounts payable | 47/48 | €4,508 | - | -€4,508 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,178 | €1,490 | +€313 | +26.5% |
| Other operating charges | 640/8 | €434 | €459 | +€24 | +5.6% |
| Gross operating margin | 9900 | €15,409 | €3,080 | -€12,329 | -80.0% |
| Operating profit (loss) | 9901 | €13,797 | €1,131 | -€12,666 | -91.8% |
| Financial income | 75/76B | €5 | €1 | -€4 | -84.0% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -84.0% |
| Financial charges | 65/66B | €47 | €42 | -€5 | -10.3% |
| Recurring financial charges | 65 | €47 | €42 | -€5 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €13,755 | €1,090 | -€12,665 | -92.1% |
| Income taxes | 67/77 | - | €113 | +€113 | |
| Profit (loss) for the period | 9904 | €13,755 | €977 | -€12,778 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,755 | €977 | -€12,778 | -92.9% |
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 10 October 2026 via checked.be.