BEAVER CONSTRUCT: what changed
Two fiscal 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 CONSTRUCT
Largest movements
- Cash -€297,204
down €297,204 (-90.7%), from €327,596 to €30,392
mainly Investment in fixed assets (net) (-€885,657) and Trade debts (-€559,551)
- Tangible fixed assets +€235,697
up €235,697 (+6.2%), from €3.8m to €4.1m
of which Plant, machinery and equipment: +€260,467
- Receivables within one year -€216,866
down €216,866 (-16.0%), from €1.4m to €1.1m
of which Trade receivables: -€177,835
- Trade debts -€559,551
down €559,551 (-34.1%), from €1.6m to €1.1m
- Reserves +€264,771
up €264,771 (+21.9%), from €1.2m to €1.5m
of which Distributable reserves: +€264,771
- Advances received -€150,000
no longer reported in 2025 (was €150,000)
- Short-term financial debts +€59,620
up €59,620 (+29.8%), from €200,000 to €259,620
- Debts after one year +€58,869
up €58,869 (+3.2%), from €1.8m to €1.9m
- Depreciation +€161,788
up €161,788 (+33.0%), from €490,063 to €651,850
- Taxes -€78,323
down €78,323 (-39.6%), from €197,878 to €119,554
- Staff costs +€72,785
up €72,785 (+5.9%), from €1.2m to €1.3m
- Gross operating margin -€41,673
down €41,673 (-1.7%), from €2.5m to €2.5m
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 | €5,676,922 | €5,388,659 | -€288,263 | -5.1% |
| Fixed assets | 21/28 | €3,820,020 | €4,053,827 | +€233,807 | +6.1% |
| Tangible fixed assets | 22/27 | €3,817,724 | €4,053,422 | +€235,697 | +6.2% |
| Land and buildings | 22 | €1,734,135 | €1,694,142 | -€39,993 | -2.3% |
| Plant, machinery and equipment | 23 | €497,415 | €757,882 | +€260,467 | +52.4% |
| Furniture and vehicles | 24 | €1,567,265 | €1,430,712 | -€136,553 | -8.7% |
| Leasing and similar rights | 25 | €15,185 | €167,776 | +€152,591 | +1004.9% |
| Other tangible fixed assets | 26 | €3,725 | €2,910 | -€815 | -21.9% |
| Financial fixed assets | 28 | €2,295 | €405 | -€1,890 | -82.4% |
| Current assets | 29/58 | €1,856,902 | €1,334,832 | -€522,070 | -28.1% |
| Stocks and contracts in progress | 3 | €122,092 | €120,837 | -€1,256 | -1.0% |
| Stocks | 30/36 | €122,092 | €120,837 | -€1,256 | -1.0% |
| Amounts receivable within one year | 40/41 | €1,352,774 | €1,135,909 | -€216,866 | -16.0% |
| Trade receivables | 40 | €1,110,371 | €932,536 | -€177,835 | -16.0% |
| Other amounts receivable | 41 | €242,404 | €203,373 | -€39,031 | -16.1% |
| Cash at bank and in hand | 54/58 | €327,596 | €30,392 | -€297,204 | -90.7% |
| Deferred charges and accrued income | 490/1 | €54,440 | €47,695 | -€6,745 | -12.4% |
| Total equity and liabilities | 10/49 | €5,676,922 | €5,388,659 | -€288,263 | -5.1% |
| Equity | 10/15 | €1,227,883 | €1,492,654 | +€264,771 | +21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,209,283 | €1,474,054 | +€264,771 | +21.9% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,190,533 | €1,455,304 | +€264,771 | +22.2% |
| Amounts payable | 17/49 | €4,449,039 | €3,896,005 | -€553,034 | -12.4% |
| Amounts payable after more than one year | 17 | €1,824,516 | €1,883,385 | +€58,869 | +3.2% |
| Financial debts | 170/4 | €1,824,516 | €1,883,385 | +€58,869 | +3.2% |
| Amounts payable within one year | 42/48 | €2,622,924 | €2,009,825 | -€613,098 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €489,199 | €510,141 | +€20,942 | +4.3% |
| Financial debts | 43 | €200,000 | €259,620 | +€59,620 | +29.8% |
| Credit institutions | 430/8 | €200,000 | €259,620 | +€59,620 | +29.8% |
| Trade debts | 44 | €1,641,033 | €1,081,482 | -€559,551 | -34.1% |
| Suppliers | 440/4 | €1,641,033 | €1,081,482 | -€559,551 | -34.1% |
| Advances received on contracts in progress | 46 | €150,000 | - | -€150,000 | |
| Taxes, remuneration and social security | 45 | €127,623 | €157,625 | +€30,002 | +23.5% |
| Taxes | 450/3 | €10,611 | €8,653 | -€1,958 | -18.5% |
| Remuneration and social security | 454/9 | €117,012 | €148,973 | +€31,960 | +27.3% |
| Other amounts payable | 47/48 | €15,069 | €958 | -€14,111 | -93.6% |
| Accrued charges and deferred income | 492/3 | €1,599 | €2,794 | +€1,195 | +74.7% |
| Remuneration, social security and pensions | 62 | €1,235,768 | €1,308,553 | +€72,785 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €490,063 | €651,850 | +€161,788 | +33.0% |
| Other operating charges | 640/8 | €33,648 | €21,409 | -€12,239 | -36.4% |
| Gross operating margin | 9900 | €2,495,180 | €2,453,507 | -€41,673 | -1.7% |
| Operating profit (loss) | 9901 | €735,702 | €471,695 | -€264,007 | -35.9% |
| Financial income | 75/76B | €1,233 | €3,812 | +€2,579 | +209.1% |
| Recurring financial income | 75 | €1,233 | €3,812 | +€2,579 | +209.1% |
| Financial charges | 65/66B | €89,648 | €91,181 | +€1,534 | +1.7% |
| Recurring financial charges | 65 | €89,648 | €91,181 | +€1,534 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €647,287 | €384,326 | -€262,962 | -40.6% |
| Income taxes | 67/77 | €197,878 | €119,554 | -€78,323 | -39.6% |
| Profit (loss) for the period | 9904 | €449,410 | €264,771 | -€184,638 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €449,410 | €264,771 | -€184,638 | -41.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.