BEAVER: 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.
BEAVER
Largest movements
- Tangible fixed assets +€135,601
up €135,601 (+1070.5%), from €12,667 to €148,268
of which Leasing and similar rights: +€138,925
- Cash -€76,696
down €76,696 (-59.2%), from €129,656 to €52,960
mainly Investment in fixed assets (net) (-€158,400) and Trade debts (-€119,107)
- Receivables within one year +€46,551
up €46,551 (+14.3%), from €324,837 to €371,388
of which Trade receivables: +€85,164
- Stocks and contracts -€35,606
down €35,606 (-8.3%), from €431,447 to €395,841
of which Contracts in progress: -€28,956
- Deferred charges and accrued income -€16,678
down €16,678 (-89.2%), from €18,706 to €2,028
- Trade debts -€119,107
down €119,107 (-49.7%), from €239,502 to €120,395
- Debts after one year +€99,091
new in 2024: €99,091
- Current portion of long-term debt +€61,331
up €61,331 (+39.6%), from €155,000 to €216,331
- Other debts +€15,822
up €15,822 (+6.3%), from €252,998 to €268,820
- Gross operating margin +€30,195
up €30,195 (+17.2%), from €175,566 to €205,761
- Depreciation +€17,921
up €17,921 (+367.4%), from €4,878 to €22,799
- Taxes +€12,984
up €12,984, from -€4,251 to €8,733
- Financial charges +€2,593
up €2,593 (+19.6%), from €13,260 to €15,853
- Financial income -€2,397
down €2,397 (-63.7%), from €3,762 to €1,365
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €920,302 | €973,475 | +€53,172 | +5.8% |
| Fixed assets | 21/28 | €15,657 | €151,258 | +€135,601 | +866.1% |
| Tangible fixed assets | 22/27 | €12,667 | €148,268 | +€135,601 | +1070.5% |
| Plant, machinery and equipment | 23 | €12,667 | €9,344 | -€3,323 | -26.2% |
| Leasing and similar rights | 25 | - | €138,925 | +€138,925 | |
| Financial fixed assets | 28 | €2,990 | €2,990 | = | 0.0% |
| Current assets | 29/58 | €904,646 | €822,217 | -€82,429 | -9.1% |
| Stocks and contracts in progress | 3 | €431,447 | €395,841 | -€35,606 | -8.3% |
| Stocks | 30/36 | €256,000 | €249,350 | -€6,650 | -2.6% |
| Contracts in progress | 37 | €175,447 | €146,491 | -€28,956 | -16.5% |
| Amounts receivable within one year | 40/41 | €324,837 | €371,388 | +€46,551 | +14.3% |
| Trade receivables | 40 | €208,070 | €293,234 | +€85,164 | +40.9% |
| Other amounts receivable | 41 | €116,767 | €78,155 | -€38,613 | -33.1% |
| Cash at bank and in hand | 54/58 | €129,656 | €52,960 | -€76,696 | -59.2% |
| Deferred charges and accrued income | 490/1 | €18,706 | €2,028 | -€16,678 | -89.2% |
| Total equity and liabilities | 10/49 | €920,302 | €973,475 | +€53,172 | +5.8% |
| Equity | 10/15 | €224,354 | €225,843 | +€1,489 | +0.7% |
| Contributions | 10/11 | €138,870 | €138,870 | = | 0.0% |
| Capital | 10 | €133,652 | €133,652 | = | 0.0% |
| Issued capital | 100 | €133,652 | €133,652 | = | 0.0% |
| Contributions outside capital | 11 | €5,218 | €5,218 | = | 0.0% |
| Share premium | 1100/10 | €5,218 | €5,218 | = | 0.0% |
| Reserves | 13 | €19,617 | €19,617 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,386 | €13,386 | = | 0.0% |
| Legal reserve | 130 | €13,386 | €13,386 | = | 0.0% |
| Distributable reserves | 133 | €6,230 | €6,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,868 | €67,356 | +€1,489 | +2.3% |
| Amounts payable | 17/49 | €695,948 | €747,632 | +€51,684 | +7.4% |
| Amounts payable after more than one year | 17 | - | €99,091 | +€99,091 | |
| Financial debts | 170/4 | - | €99,091 | +€99,091 | |
| Amounts payable within one year | 42/48 | €695,948 | €648,153 | -€47,795 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €155,000 | €216,331 | +€61,331 | +39.6% |
| Trade debts | 44 | €239,502 | €120,395 | -€119,107 | -49.7% |
| Suppliers | 440/4 | €239,502 | €120,395 | -€119,107 | -49.7% |
| Taxes, remuneration and social security | 45 | €48,448 | €42,607 | -€5,841 | -12.1% |
| Taxes | 450/3 | €1,375 | €23,463 | +€22,088 | +1606.5% |
| Remuneration and social security | 454/9 | €47,073 | €19,144 | -€27,929 | -59.3% |
| Other amounts payable | 47/48 | €252,998 | €268,820 | +€15,822 | +6.3% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Remuneration, social security and pensions | 62 | €152,890 | €150,857 | -€2,033 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,878 | €22,799 | +€17,921 | +367.4% |
| Other operating charges | 640/8 | €6,818 | €7,396 | +€578 | +8.5% |
| Gross operating margin | 9900 | €175,566 | €205,761 | +€30,195 | +17.2% |
| Operating profit (loss) | 9901 | €10,980 | €24,709 | +€13,729 | +125.0% |
| Financial income | 75/76B | €3,762 | €1,365 | -€2,397 | -63.7% |
| Recurring financial income | 75 | €3,762 | €1,365 | -€2,397 | -63.7% |
| Financial charges | 65/66B | €13,260 | €15,853 | +€2,593 | +19.6% |
| Recurring financial charges | 65 | €13,260 | €15,853 | +€2,593 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €1,482 | €10,222 | +€8,740 | +589.9% |
| Income taxes | 67/77 | -€4,251 | €8,733 | +€12,984 | |
| Profit (loss) for the period | 9904 | €5,732 | €1,489 | -€4,244 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,732 | €1,489 | -€4,244 | -74.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.