Beeckman - Willems: 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.
Beeckman - Willems
Largest movements
- Tangible fixed assets -€50,489
down €50,489 (-12.0%), from €420,489 to €370,001
of which Furniture and vehicles: -€29,526
- Cash +€19,360
up €19,360 (+122%), from €15,826 to €35,186
mainly Depreciation (+€55,503) and Net result for the year (+€34,346)
- Receivables within one year -€7,408
down €7,408 (-10.1%), from €73,399 to €65,991
of which Other amounts receivable: -€9,178
- Debts after one year -€45,633
down €45,633 (-23.4%), from €194,952 to €149,319
- Reserves +€18,510
up €18,510 (+8.0%), from €230,828 to €249,338
- Gross operating margin -€44,630
down €44,630 (-20.5%), from €217,962 to €173,332
- Depreciation -€26,144
down €26,144 (-32.0%), from €81,647 to €55,503
- Staff costs +€18,472
up €18,472 (+46.1%), from €40,090 to €58,562
- Taxes -€7,291
down €7,291 (-32.8%), from €22,247 to €14,956
- Financial charges -€4,525
down €4,525 (-44.2%), from €10,228 to €5,703
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 | €522,252 | €488,606 | -€33,646 | -6.4% |
| Fixed assets | 21/28 | €427,890 | €375,661 | -€52,229 | -12.2% |
| Intangible fixed assets | 21 | €7,400 | €5,660 | -€1,740 | -23.5% |
| Tangible fixed assets | 22/27 | €420,489 | €370,001 | -€50,489 | -12.0% |
| Land and buildings | 22 | €311,940 | €294,969 | -€16,971 | -5.4% |
| Plant, machinery and equipment | 23 | €8,371 | €4,379 | -€3,992 | -47.7% |
| Furniture and vehicles | 24 | €100,178 | €70,653 | -€29,526 | -29.5% |
| Current assets | 29/58 | €94,362 | €112,945 | +€18,583 | +19.7% |
| Amounts receivable after more than one year | 29 | €1,250 | €1,250 | = | 0.0% |
| Other amounts receivable | 291 | €1,250 | €1,250 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,500 | €5,500 | +€4,000 | +267% |
| Stocks | 30/36 | €1,500 | €5,500 | +€4,000 | +267% |
| Amounts receivable within one year | 40/41 | €73,399 | €65,991 | -€7,408 | -10.1% |
| Trade receivables | 40 | €58,709 | €60,479 | +€1,770 | +3.0% |
| Other amounts receivable | 41 | €14,690 | €5,512 | -€9,178 | -62.5% |
| Cash at bank and in hand | 54/58 | €15,826 | €35,186 | +€19,360 | +122% |
| Deferred charges and accrued income | 490/1 | €2,387 | €5,017 | +€2,630 | +110% |
| Total equity and liabilities | 10/49 | €522,252 | €488,606 | -€33,646 | -6.4% |
| Equity | 10/15 | €231,828 | €250,338 | +€18,510 | +8.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €230,828 | €249,338 | +€18,510 | +8.0% |
| Distributable reserves | 133 | €230,828 | €249,338 | +€18,510 | +8.0% |
| Amounts payable | 17/49 | €290,424 | €238,268 | -€52,156 | -18.0% |
| Amounts payable after more than one year | 17 | €194,952 | €149,319 | -€45,633 | -23.4% |
| Financial debts | 170/4 | €194,952 | €149,319 | -€45,633 | -23.4% |
| Amounts payable within one year | 42/48 | €94,266 | €87,364 | -€6,902 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €45,608 | €45,633 | +€25 | +0.1% |
| Trade debts | 44 | €33,576 | €28,625 | -€4,950 | -14.7% |
| Suppliers | 440/4 | €33,576 | €28,625 | -€4,950 | -14.7% |
| Taxes, remuneration and social security | 45 | €5,576 | €4,681 | -€895 | -16.0% |
| Taxes | 450/3 | €5,576 | €4,681 | -€895 | -16.0% |
| Other amounts payable | 47/48 | €9,507 | €8,425 | -€1,082 | -11.4% |
| Accrued charges and deferred income | 492/3 | €1,206 | €1,585 | +€379 | +31.4% |
| Non-recurring operating income | 76A | €6,740 | - | -€6,740 | |
| Remuneration, social security and pensions | 62 | €40,090 | €58,562 | +€18,472 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,647 | €55,503 | -€26,144 | -32.0% |
| Other operating charges | 640/8 | €9,473 | €4,958 | -€4,515 | -47.7% |
| Gross operating margin | 9900 | €217,962 | €173,332 | -€44,630 | -20.5% |
| Operating profit (loss) | 9901 | €86,752 | €54,309 | -€32,443 | -37.4% |
| Financial income | 75/76B | €726 | €695 | -€30 | -4.2% |
| Recurring financial income | 75 | €726 | €695 | -€30 | -4.2% |
| Financial charges | 65/66B | €10,228 | €5,703 | -€4,525 | -44.2% |
| Recurring financial charges | 65 | €10,228 | €5,703 | -€4,525 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €77,250 | €49,302 | -€27,948 | -36.2% |
| Income taxes | 67/77 | €22,247 | €14,956 | -€7,291 | -32.8% |
| Profit (loss) for the period | 9904 | €55,003 | €34,346 | -€20,657 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,003 | €34,346 | -€20,657 | -37.6% |
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 29 October 2026 via checked.be.