BD-BEERS: 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.
BD-BEERS
Largest movements
- Tangible fixed assets +€20,593
up €20,593 (+374%), from €5,509 to €26,102
of which Plant, machinery and equipment: +€19,839
- Cash -€10,070
down €10,070 (-82.9%), from €12,150 to €2,080
mainly Investment in fixed assets (net) (-€21,597) and Debts after one year (-€9,894)
- Stocks and contracts +€7,151
up €7,151 (+7.0%), from €102,538 to €109,688
- Receivables within one year +€5,934
up €5,934 (+269%), from €2,203 to €8,137
of which Trade receivables: +€6,880
- Reserves +€11,804
up €11,804 (+272%), from €4,344 to €16,148
- Other debts +€10,797
up €10,797 (+61.7%), from €17,505 to €28,302
- Trade debts +€10,425
up €10,425 (+186%), from €5,604 to €16,029
- Debts after one year -€9,894
down €9,894 (-13.6%), from €72,496 to €62,602
- Gross operating margin +€19,810
up €19,810 (+1,414%), from €1,401 to €21,211
- Other operating charges +€2,499
up €2,499 (+1,407%), from €178 to €2,677
- Taxes +€2,213
up €2,213, from €0 to €2,213
- Depreciation -€330
down €330 (-24.8%), from €1,334 to €1,004
- Financial income +€226
up €226 (+4,008%), from €6 to €232
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 | €122,400 | €146,007 | +€23,607 | +19.3% |
| Fixed assets | 21/28 | €5,509 | €26,102 | +€20,593 | +374% |
| Tangible fixed assets | 22/27 | €5,509 | €26,102 | +€20,593 | +374% |
| Plant, machinery and equipment | 23 | €0 | €19,839 | +€19,839 | |
| Furniture and vehicles | 24 | - | €1,542 | +€1,542 | |
| Other tangible fixed assets | 26 | €5,509 | €4,721 | -€788 | -14.3% |
| Current assets | 29/58 | €116,891 | €119,905 | +€3,014 | +2.6% |
| Stocks and contracts in progress | 3 | €102,538 | €109,688 | +€7,151 | +7.0% |
| Stocks | 30/36 | €102,538 | €109,688 | +€7,151 | +7.0% |
| Amounts receivable within one year | 40/41 | €2,203 | €8,137 | +€5,934 | +269% |
| Trade receivables | 40 | €1,213 | €8,093 | +€6,880 | +567% |
| Other amounts receivable | 41 | €990 | €44 | -€946 | -95.6% |
| Cash at bank and in hand | 54/58 | €12,150 | €2,080 | -€10,070 | -82.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €122,400 | €146,007 | +€23,607 | +19.3% |
| Equity | 10/15 | €14,344 | €26,148 | +€11,804 | +82.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €4,344 | €16,148 | +€11,804 | +272% |
| Distributable reserves | 133 | €4,344 | €16,148 | +€11,804 | +272% |
| Amounts payable | 17/49 | €108,056 | €119,859 | +€11,803 | +10.9% |
| Amounts payable after more than one year | 17 | €72,496 | €62,602 | -€9,894 | -13.6% |
| Financial debts | 170/4 | €72,496 | €62,602 | -€9,894 | -13.6% |
| Amounts payable within one year | 42/48 | €35,560 | €57,257 | +€21,697 | +61.0% |
| Current portion of amounts payable after more than one year | 42 | €9,483 | €9,894 | +€411 | +4.3% |
| Trade debts | 44 | €5,604 | €16,029 | +€10,425 | +186% |
| Suppliers | 440/4 | €5,604 | €16,029 | +€10,425 | +186% |
| Advances received on contracts in progress | 46 | - | €363 | +€363 | |
| Taxes, remuneration and social security | 45 | €2,967 | €2,670 | -€298 | -10.0% |
| Taxes | 450/3 | €2,967 | €2,670 | -€298 | -10.0% |
| Other amounts payable | 47/48 | €17,505 | €28,302 | +€10,797 | +61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,334 | €1,004 | -€330 | -24.8% |
| Other operating charges | 640/8 | €178 | €2,677 | +€2,499 | +1,407% |
| Gross operating margin | 9900 | €1,401 | €21,211 | +€19,810 | +1,414% |
| Operating profit (loss) | 9901 | -€110 | €17,531 | +€17,641 | |
| Financial income | 75/76B | €6 | €232 | +€226 | +4,008% |
| Recurring financial income | 75 | €6 | €232 | +€226 | +4,008% |
| Financial charges | 65/66B | €3,783 | €3,746 | -€37 | -1.0% |
| Recurring financial charges | 65 | €3,783 | €3,746 | -€37 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,888 | €14,017 | +€17,905 | |
| Income taxes | 67/77 | €0 | €2,213 | +€2,213 | |
| Profit (loss) for the period | 9904 | -€3,888 | €11,804 | +€15,691 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,888 | €11,804 | +€15,691 |
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 15 October 2026 via checked.be.