Beel - Desmet: 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 - Desmet
Largest movements
- Cash +€21,104
up €21,104 (+33.9%), from €62,183 to €83,287
mainly Net result for the year (+€89,410) and Depreciation (+€55,642)
- Receivables within one year +€16,426
up €16,426 (+174.4%), from €9,417 to €25,842
of which Trade receivables: +€8,216
- Financial fixed assets +€16,250
up €16,250 (+31.6%), from €51,451 to €67,701
- Stocks and contracts +€15,654
up €15,654 (+30.8%), from €50,806 to €66,461
- Tangible fixed assets -€15,146
down €15,146 (-3.1%), from €491,735 to €476,589
of which Furniture and vehicles: -€11,260
- Reserves +€89,410
up €89,410 (+21.0%), from €425,996 to €515,406
- Debts after one year -€36,091
down €36,091 (-21.5%), from €167,731 to €131,640
- Other debts -€11,224
down €11,224 (-100.0%), from €11,224 to €0
- Tax, wage and social debts +€10,346
up €10,346 (+145.4%), from €7,117 to €17,464
- Gross operating margin +€43,143
up €43,143 (+31.0%), from €139,050 to €182,193
- Financial income -€8,561
down €8,561 (-69.1%), from €12,393 to €3,832
- Taxes +€7,541
up €7,541 (+43.5%), from €17,318 to €24,858
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 | €666,442 | €719,880 | +€53,439 | +8.0% |
| Fixed assets | 21/28 | €543,186 | €544,290 | +€1,104 | +0.2% |
| Tangible fixed assets | 22/27 | €491,735 | €476,589 | -€15,146 | -3.1% |
| Land and buildings | 22 | €413,431 | €404,388 | -€9,043 | -2.2% |
| Plant, machinery and equipment | 23 | €19,300 | €24,456 | +€5,156 | +26.7% |
| Furniture and vehicles | 24 | €59,005 | €47,745 | -€11,260 | -19.1% |
| Financial fixed assets | 28 | €51,451 | €67,701 | +€16,250 | +31.6% |
| Current assets | 29/58 | €123,256 | €175,590 | +€52,334 | +42.5% |
| Stocks and contracts in progress | 3 | €50,806 | €66,461 | +€15,654 | +30.8% |
| Stocks | 30/36 | €50,806 | €66,461 | +€15,654 | +30.8% |
| Amounts receivable within one year | 40/41 | €9,417 | €25,842 | +€16,426 | +174.4% |
| Trade receivables | 40 | €9,417 | €17,632 | +€8,216 | +87.2% |
| Other amounts receivable | 41 | - | €8,210 | +€8,210 | |
| Cash at bank and in hand | 54/58 | €62,183 | €83,287 | +€21,104 | +33.9% |
| Deferred charges and accrued income | 490/1 | €850 | €0 | -€850 | -100.0% |
| Total equity and liabilities | 10/49 | €666,442 | €719,880 | +€53,439 | +8.0% |
| Equity | 10/15 | €444,596 | €534,006 | +€89,410 | +20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €425,996 | €515,406 | +€89,410 | +21.0% |
| Distributable reserves | 133 | €425,996 | €515,406 | +€89,410 | +21.0% |
| Amounts payable | 17/49 | €221,846 | €185,875 | -€35,971 | -16.2% |
| Amounts payable after more than one year | 17 | €167,731 | €131,640 | -€36,091 | -21.5% |
| Financial debts | 170/4 | €167,731 | €131,640 | -€36,091 | -21.5% |
| Amounts payable within one year | 42/48 | €54,115 | €53,870 | -€245 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €35,077 | €36,091 | +€1,014 | +2.9% |
| Trade debts | 44 | €696 | €315 | -€381 | -54.7% |
| Suppliers | 440/4 | €696 | €315 | -€381 | -54.7% |
| Taxes, remuneration and social security | 45 | €7,117 | €17,464 | +€10,346 | +145.4% |
| Taxes | 450/3 | €7,117 | €17,464 | +€10,346 | +145.4% |
| Other amounts payable | 47/48 | €11,224 | €0 | -€11,224 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €365 | +€365 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,980 | €55,642 | +€1,662 | +3.1% |
| Other operating charges | 640/8 | €7,308 | €7,688 | +€380 | +5.2% |
| Gross operating margin | 9900 | €139,050 | €182,193 | +€43,143 | +31.0% |
| Operating profit (loss) | 9901 | €77,762 | €118,864 | +€41,101 | +52.9% |
| Financial income | 75/76B | €12,393 | €3,832 | -€8,561 | -69.1% |
| Recurring financial income | 75 | €12,393 | €3,832 | -€8,561 | -69.1% |
| Financial charges | 65/66B | €10,167 | €8,428 | -€1,739 | -17.1% |
| Recurring financial charges | 65 | €10,167 | €8,428 | -€1,739 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €79,989 | €114,268 | +€34,279 | +42.9% |
| Income taxes | 67/77 | €17,318 | €24,858 | +€7,541 | +43.5% |
| Profit (loss) for the period | 9904 | €62,671 | €89,410 | +€26,739 | +42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,671 | €89,410 | +€26,739 | +42.7% |
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 12 October 2026 via checked.be.