BEEL - DE MUNCK: 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 - DE MUNCK
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets -€6,719
down €6,719 (-18.3%), from €36,719 to €30,001
of which Plant, machinery and equipment: -€8,560
- Cash -€4,597
down €4,597 (-7.5%), from €61,374 to €56,777
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€1,888)
- Reserves +€58,291
up €58,291 (+107%), from €54,677 to €112,967
- Tax, wage and social debts +€27,930
up €27,930 (+132%), from €21,087 to €49,017
- Other debts +€3,748
up €3,748 (+22.7%), from €16,544 to €20,292
- Gross operating margin +€13,260
up €13,260 (+15.4%), from €85,920 to €99,180
- Taxes +€6,843
up €6,843 (+32.5%), from €21,087 to €27,930
- Depreciation +€2,526
up €2,526 (+41.5%), from €6,081 to €8,607
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 | €98,877 | €187,596 | +€88,719 | +89.7% |
| Fixed assets | 21/28 | €36,719 | €30,001 | -€6,719 | -18.3% |
| Tangible fixed assets | 22/27 | €36,719 | €30,001 | -€6,719 | -18.3% |
| Plant, machinery and equipment | 23 | €36,719 | €28,159 | -€8,560 | -23.3% |
| Other tangible fixed assets | 26 | - | €1,841 | +€1,841 | |
| Current assets | 29/58 | €62,158 | €157,596 | +€95,437 | +154% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €61,374 | €56,777 | -€4,597 | -7.5% |
| Deferred charges and accrued income | 490/1 | €784 | €819 | +€35 | +4.5% |
| Total equity and liabilities | 10/49 | €98,877 | €187,596 | +€88,719 | +89.7% |
| Equity | 10/15 | €59,677 | €117,967 | +€58,291 | +97.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,677 | €112,967 | +€58,291 | +107% |
| Distributable reserves | 133 | €54,677 | €112,967 | +€58,291 | +107% |
| Amounts payable | 17/49 | €39,201 | €69,629 | +€30,428 | +77.6% |
| Amounts payable within one year | 42/48 | €39,201 | €69,629 | +€30,428 | +77.6% |
| Trade debts | 44 | €1,570 | €320 | -€1,249 | -79.6% |
| Suppliers | 440/4 | €1,570 | €320 | -€1,249 | -79.6% |
| Taxes, remuneration and social security | 45 | €21,087 | €49,017 | +€27,930 | +132% |
| Taxes | 450/3 | €21,087 | €49,017 | +€27,930 | +132% |
| Other amounts payable | 47/48 | €16,544 | €20,292 | +€3,748 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,081 | €8,607 | +€2,526 | +41.5% |
| Other operating charges | 640/8 | €3,773 | €3,654 | -€120 | -3.2% |
| Gross operating margin | 9900 | €85,920 | €99,180 | +€13,260 | +15.4% |
| Operating profit (loss) | 9901 | €76,066 | €86,920 | +€10,854 | +14.3% |
| Financial charges | 65/66B | €303 | €700 | +€397 | +131% |
| Recurring financial charges | 65 | €303 | €700 | +€397 | +131% |
| Profit (loss) for the period before taxes | 9903 | €75,763 | €86,221 | +€10,457 | +13.8% |
| Income taxes | 67/77 | €21,087 | €27,930 | +€6,843 | +32.5% |
| Profit (loss) for the period | 9904 | €54,677 | €58,291 | +€3,614 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,677 | €58,291 | +€3,614 | +6.6% |
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 16 October 2026 via checked.be.