BEEL: 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.
BEEL
Largest movements
- Tangible fixed assets -€23,773
down €23,773 (-17.7%), from €134,245 to €110,472
of which Plant, machinery and equipment: -€13,347
- Stocks and contracts -€15,653
down €15,653 (-66.0%), from €23,706 to €8,052
- Receivables within one year +€2,568
up €2,568 (+3.2%), from €79,818 to €82,386
of which Trade receivables: +€2,370
- Debts after one year -€20,152
down €20,152 (-42.8%), from €47,112 to €26,960
- Profit (loss) carried forward +€17,765
up €17,765 (+73.2%), from -€24,266 to -€6,502
- Other debts -€11,426
down €11,426 (-12.5%), from €91,403 to €79,977
- Tax, wage and social debts -€9,147
down €9,147 (-37.6%), from €24,327 to €15,180
of which Taxes: -€9,231
- Current portion of long-term debt -€8,464
down €8,464 (-29.6%), from €28,616 to €20,152
- Gross operating margin +€34,691
up €34,691 (+67.3%), from €51,546 to €86,237
- Financial charges -€4,678
down €4,678 (-56.6%), from €8,271 to €3,593
- Staff costs -€3,097
down €3,097 (-7.3%), from €42,167 to €39,070
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 | €242,129 | €206,871 | -€35,258 | -14.6% |
| Fixed assets | 21/28 | €134,245 | €110,472 | -€23,773 | -17.7% |
| Tangible fixed assets | 22/27 | €134,245 | €110,472 | -€23,773 | -17.7% |
| Land and buildings | 22 | €78,073 | €72,178 | -€5,896 | -7.6% |
| Plant, machinery and equipment | 23 | €43,005 | €29,657 | -€13,347 | -31.0% |
| Furniture and vehicles | 24 | €13,167 | €8,637 | -€4,530 | -34.4% |
| Current assets | 29/58 | €107,884 | €96,399 | -€11,485 | -10.6% |
| Stocks and contracts in progress | 3 | €23,706 | €8,052 | -€15,653 | -66.0% |
| Stocks | 30/36 | €23,706 | €8,052 | -€15,653 | -66.0% |
| Amounts receivable within one year | 40/41 | €79,818 | €82,386 | +€2,568 | +3.2% |
| Trade receivables | 40 | €79,614 | €81,984 | +€2,370 | +3.0% |
| Other amounts receivable | 41 | €205 | €402 | +€198 | +96.6% |
| Cash at bank and in hand | 54/58 | €1,000 | €922 | -€78 | -7.8% |
| Deferred charges and accrued income | 490/1 | €3,360 | €5,038 | +€1,678 | +49.9% |
| Total equity and liabilities | 10/49 | €242,129 | €206,871 | -€35,258 | -14.6% |
| Equity | 10/15 | €24,210 | €41,975 | +€17,765 | +73.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,877 | €29,877 | = | 0.0% |
| Distributable reserves | 133 | €29,877 | €29,877 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,266 | -€6,502 | +€17,765 | +73.2% |
| Amounts payable | 17/49 | €217,918 | €164,896 | -€53,023 | -24.3% |
| Amounts payable after more than one year | 17 | €47,112 | €26,960 | -€20,152 | -42.8% |
| Financial debts | 170/4 | €47,112 | €26,960 | -€20,152 | -42.8% |
| Amounts payable within one year | 42/48 | €170,806 | €137,935 | -€32,871 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €28,616 | €20,152 | -€8,464 | -29.6% |
| Financial debts | 43 | €7,211 | €5,896 | -€1,315 | -18.2% |
| Credit institutions | 430/8 | €7,211 | €5,896 | -€1,315 | -18.2% |
| Trade debts | 44 | €19,249 | €16,730 | -€2,519 | -13.1% |
| Suppliers | 440/4 | €19,249 | €16,730 | -€2,519 | -13.1% |
| Taxes, remuneration and social security | 45 | €24,327 | €15,180 | -€9,147 | -37.6% |
| Taxes | 450/3 | €10,761 | €1,530 | -€9,231 | -85.8% |
| Remuneration and social security | 454/9 | €13,566 | €13,650 | +€84 | +0.6% |
| Other amounts payable | 47/48 | €91,403 | €79,977 | -€11,426 | -12.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €42,167 | €39,070 | -€3,097 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,414 | €24,499 | +€86 | +0.4% |
| Other operating charges | 640/8 | €2,794 | €2,252 | -€542 | -19.4% |
| Gross operating margin | 9900 | €51,546 | €86,237 | +€34,691 | +67.3% |
| Operating profit (loss) | 9901 | -€17,829 | €20,416 | +€38,245 | |
| Financial income | 75/76B | €752 | €942 | +€190 | +25.2% |
| Recurring financial income | 75 | €752 | €942 | +€190 | +25.2% |
| Financial charges | 65/66B | €8,271 | €3,593 | -€4,678 | -56.6% |
| Recurring financial charges | 65 | €8,271 | €3,593 | -€4,678 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,348 | €17,765 | +€43,113 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€25,348 | €17,765 | +€43,113 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,348 | €17,765 | +€43,113 |
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 13 October 2026 via checked.be.