BE BOUWONDERNEMING: what changed
What changed
BE BOUWONDERNEMING
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€11,479
2024 · €11,307+€172
Equity
€138,807
2024 · €127,328+€11,479
Cash
€44,161
2024 · €1,698+€42,463
Balance sheet total
€2.2m
2024 · €1.2m+€936,544
Largest movements
Assets
- Stocks and contracts +€931,029
up €931,029 (+117%), from €793,011 to €1.7m
- Cash +€42,463
up €42,463 (+2,501%), from €1,698 to €44,161
mainly Short-term financial debts (+€894,398) and Trade debts (+€64,949)
Equity and liabilities
- Short-term financial debts +€894,398
up €894,398 (+175%), from €510,422 to €1.4m
- Trade debts +€64,949
up €64,949 (+58.1%), from €111,702 to €176,651
Income statement
- Financial charges +€22,846
up €22,846 (+72.6%), from €31,463 to €54,309
- Gross operating margin +€19,698
up €19,698 (+8.6%), from €228,493 to €248,191
- Staff costs +€7,687
up €7,687 (+4.8%), from €159,007 to €166,694
- Financial income +€5,586
up €5,586 (+227%), from €2,456 to €8,042
- Depreciation -€3,719
down €3,719 (-19.4%), from €19,190 to €15,471
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€11,307
Gross operating margin
+€19,698
Staff costs
-€7,687
Depreciation
+€3,719
Other operating charges
+€2,623
Financial income
+€5,586
Financial charges
-€22,846
Taxes
-€920
Result 2025
€11,479
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€837,320
Investment
€0
Financing
+€879,783
Cash 2024
€1,698
From operations (derived)
-€837,320
Net result for the year
+€11,479
Depreciation
+€15,471
Stocks and contracts
-€931,029
Receivables within one year
+€12,266
Deferred charges and accrued income
+€9,211
Trade debts
+€64,949
Tax, wage and social debts
+€360
Other debts
-€20,027
Financing
+€879,783
Debts after one year
-€10,060
Current portion of long-term debt
-€4,555
Short-term financial debts
+€894,398
Cash 2025
€44,161
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,223,072 | €2,159,616 | +€936,544 | +76.6% |
| Fixed assets | 21/28 | €26,925 | €11,454 | -€15,471 | -57.5% |
| Tangible fixed assets | 22/27 | €26,425 | €10,954 | -€15,471 | -58.5% |
| Plant, machinery and equipment | 23 | €9,379 | €5,271 | -€4,108 | -43.8% |
| Furniture and vehicles | 24 | €4,262 | €3,126 | -€1,136 | -26.6% |
| Leasing and similar rights | 25 | €12,784 | €2,557 | -€10,227 | -80.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,196,147 | €2,148,162 | +€952,016 | +79.6% |
| Stocks and contracts in progress | 3 | €793,011 | €1,724,040 | +€931,029 | +117% |
| Contracts in progress | 37 | €793,011 | €1,724,040 | +€931,029 | +117% |
| Amounts receivable within one year | 40/41 | €391,519 | €379,253 | -€12,266 | -3.1% |
| Trade receivables | 40 | €368,117 | €364,174 | -€3,943 | -1.1% |
| Other amounts receivable | 41 | €23,401 | €15,079 | -€8,322 | -35.6% |
| Cash at bank and in hand | 54/58 | €1,698 | €44,161 | +€42,463 | +2,501% |
| Deferred charges and accrued income | 490/1 | €9,919 | €708 | -€9,211 | -92.9% |
| Total equity and liabilities | 10/49 | €1,223,072 | €2,159,616 | +€936,544 | +76.6% |
| Equity | 10/15 | €127,328 | €138,807 | +€11,479 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,868 | €118,347 | +€11,479 | +10.7% |
| Amounts payable | 17/49 | €1,095,744 | €2,020,809 | +€925,065 | +84.4% |
| Amounts payable after more than one year | 17 | €410,060 | €400,000 | -€10,060 | -2.5% |
| Financial debts | 170/4 | €410,060 | €400,000 | -€10,060 | -2.5% |
| Amounts payable within one year | 42/48 | €685,684 | €1,620,809 | +€935,125 | +136% |
| Current portion of amounts payable after more than one year | 42 | €15,031 | €10,476 | -€4,555 | -30.3% |
| Financial debts | 43 | €510,422 | €1,404,820 | +€894,398 | +175% |
| Credit institutions | 430/8 | €510,422 | €1,404,820 | +€894,398 | +175% |
| Trade debts | 44 | €111,702 | €176,651 | +€64,949 | +58.1% |
| Suppliers | 440/4 | €111,702 | €176,651 | +€64,949 | +58.1% |
| Taxes, remuneration and social security | 45 | €10,133 | €10,493 | +€360 | +3.6% |
| Remuneration and social security | 454/9 | €10,133 | €10,493 | +€360 | +3.6% |
| Other amounts payable | 47/48 | €38,396 | €18,369 | -€20,027 | -52.2% |
| Remuneration, social security and pensions | 62 | €159,007 | €166,694 | +€7,687 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,190 | €15,471 | -€3,719 | -19.4% |
| Other operating charges | 640/8 | €4,698 | €2,075 | -€2,623 | -55.8% |
| Gross operating margin | 9900 | €228,493 | €248,191 | +€19,698 | +8.6% |
| Operating profit (loss) | 9901 | €45,597 | €63,950 | +€18,353 | +40.3% |
| Financial income | 75/76B | €2,456 | €8,042 | +€5,586 | +227% |
| Recurring financial income | 75 | €2,456 | €8,042 | +€5,586 | +227% |
| Financial charges | 65/66B | €31,463 | €54,309 | +€22,846 | +72.6% |
| Recurring financial charges | 65 | €31,463 | €54,309 | +€22,846 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | €16,590 | €17,682 | +€1,093 | +6.6% |
| Income taxes | 67/77 | €5,283 | €6,203 | +€920 | +17.4% |
| Profit (loss) for the period | 9904 | €11,307 | €11,479 | +€172 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,307 | €11,479 | +€172 | +1.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.