BEAUSAERT & Zoon: 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.
BEAUSAERT & Zoon
Largest movements
- Tangible fixed assets +€105,263
up €105,263 (+20.1%), from €522,948 to €628,211
of which Furniture and vehicles: +€58,312
- Cash +€82,032
up €82,032 (+369%), from €22,238 to €104,270
mainly Net result for the year (+€153,786) and Deferred charges and accrued income (+€57,866)
- Stocks and contracts +€72,508
up €72,508 (+132%), from €54,971 to €127,479
of which Contracts in progress: +€67,434
- Deferred charges and accrued income -€57,866
no longer reported in 2025 (was €57,866)
- Receivables within one year -€51,389
down €51,389 (-51.8%), from €99,117 to €47,728
of which Trade receivables: -€53,694
- Reserves +€100,000
up €100,000 (+144%), from €69,460 to €169,460
of which Distributable reserves: +€100,000
- Profit (loss) carried forward +€53,786
up €53,786 (+78.6%), from €68,460 to €122,246
- Debts after one year -€16,825
down €16,825 (-4.3%), from €392,177 to €375,352
- Current portion of long-term debt -€14,215
down €14,215 (-27.6%), from €51,448 to €37,233
- Trade debts +€14,163
up €14,163 (+13.9%), from €101,760 to €115,923
- Gross operating margin +€190,870
up €190,870 (+76.8%), from €248,662 to €439,532
- Taxes +€39,813
up €39,813 (+233%), from €17,064 to €56,877
- Staff costs +€25,731
up €25,731 (+16.0%), from €160,861 to €186,592
- Other operating charges +€5,936
up €5,936 (+158%), from €3,756 to €9,692
- Depreciation +€4,476
up €4,476 (+24.1%), from €18,548 to €23,024
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 | €757,140 | €907,688 | +€150,548 | +19.9% |
| Fixed assets | 21/28 | €522,948 | €628,211 | +€105,263 | +20.1% |
| Tangible fixed assets | 22/27 | €522,948 | €628,211 | +€105,263 | +20.1% |
| Land and buildings | 22 | €511,176 | €558,908 | +€47,732 | +9.3% |
| Plant, machinery and equipment | 23 | €1,729 | €948 | -€781 | -45.2% |
| Furniture and vehicles | 24 | €10,043 | €68,355 | +€58,312 | +581% |
| Current assets | 29/58 | €234,192 | €279,477 | +€45,285 | +19.3% |
| Stocks and contracts in progress | 3 | €54,971 | €127,479 | +€72,508 | +132% |
| Stocks | 30/36 | €40,760 | €45,834 | +€5,074 | +12.4% |
| Contracts in progress | 37 | €14,211 | €81,645 | +€67,434 | +475% |
| Amounts receivable within one year | 40/41 | €99,117 | €47,728 | -€51,389 | -51.8% |
| Trade receivables | 40 | €92,227 | €38,533 | -€53,694 | -58.2% |
| Other amounts receivable | 41 | €6,890 | €9,195 | +€2,305 | +33.5% |
| Cash at bank and in hand | 54/58 | €22,238 | €104,270 | +€82,032 | +369% |
| Deferred charges and accrued income | 490/1 | €57,866 | - | -€57,866 | |
| Total equity and liabilities | 10/49 | €757,140 | €907,688 | +€150,548 | +19.9% |
| Equity | 10/15 | €181,520 | €335,306 | +€153,786 | +84.7% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €69,460 | €169,460 | +€100,000 | +144% |
| Non-distributable reserves | 130/1 | €4,460 | €4,460 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,460 | €4,460 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €62,000 | €162,000 | +€100,000 | +161% |
| Profit (loss) carried forward | 14 | €68,460 | €122,246 | +€53,786 | +78.6% |
| Amounts payable | 17/49 | €575,620 | €572,382 | -€3,238 | -0.6% |
| Amounts payable after more than one year | 17 | €392,177 | €375,352 | -€16,825 | -4.3% |
| Financial debts | 170/4 | €392,177 | €375,352 | -€16,825 | -4.3% |
| Amounts payable within one year | 42/48 | €164,295 | €172,132 | +€7,837 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €51,448 | €37,233 | -€14,215 | -27.6% |
| Trade debts | 44 | €101,760 | €115,923 | +€14,163 | +13.9% |
| Suppliers | 440/4 | €101,760 | €115,923 | +€14,163 | +13.9% |
| Taxes, remuneration and social security | 45 | €10,390 | €18,941 | +€8,551 | +82.3% |
| Taxes | 450/3 | €10,390 | €18,941 | +€8,551 | +82.3% |
| Other amounts payable | 47/48 | €697 | €35 | -€662 | -95.0% |
| Accrued charges and deferred income | 492/3 | €19,148 | €24,898 | +€5,750 | +30.0% |
| Non-recurring operating income | 76A | €5,358 | €5,290 | -€68 | -1.3% |
| Remuneration, social security and pensions | 62 | €160,861 | €186,592 | +€25,731 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,548 | €23,024 | +€4,476 | +24.1% |
| Other operating charges | 640/8 | €3,756 | €9,692 | +€5,936 | +158% |
| Gross operating margin | 9900 | €248,662 | €439,532 | +€190,870 | +76.8% |
| Operating profit (loss) | 9901 | €65,497 | €220,224 | +€154,727 | +236% |
| Financial charges | 65/66B | €14,034 | €9,561 | -€4,473 | -31.9% |
| Recurring financial charges | 65 | €14,034 | €9,561 | -€4,473 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €51,463 | €210,663 | +€159,200 | +309% |
| Income taxes | 67/77 | €17,064 | €56,877 | +€39,813 | +233% |
| Profit (loss) for the period | 9904 | €34,399 | €153,786 | +€119,387 | +347% |
| Profit (loss) for the period to be appropriated | 9905 | €34,399 | €153,786 | +€119,387 | +347% |
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 28 October 2026 via checked.be.