Beeldenberg: 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.
Beeldenberg
Largest movements
- Tangible fixed assets -€4,051
down €4,051 (-52.2%), from €7,758 to €3,708
of which Plant, machinery and equipment: -€3,355
- Cash +€3,775
up €3,775 (+14.2%), from €26,544 to €30,319
mainly Net result for the year (+€45,550) and Other debts (+€5,147)
- Receivables within one year +€2,421
up €2,421 (+10.0%), from €24,218 to €26,639
of which Trade receivables: +€2,420
- Other debts +€5,147
up €5,147 (+12.4%), from €41,365 to €46,512
- Tax, wage and social debts -€2,929
down €2,929 (-20.0%), from €14,675 to €11,745
of which Taxes: -€2,936
- Gross operating margin +€11,269
up €11,269 (+17.4%), from €64,595 to €75,865
- Taxes +€5,612
up €5,612 (+54.0%), from €10,393 to €16,005
- Depreciation -€2,034
down €2,034 (-33.4%), from €6,085 to €4,051
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 | €58,520 | €60,666 | +€2,145 | +3.7% |
| Fixed assets | 21/28 | €7,758 | €3,708 | -€4,051 | -52.2% |
| Tangible fixed assets | 22/27 | €7,758 | €3,708 | -€4,051 | -52.2% |
| Plant, machinery and equipment | 23 | €7,062 | €3,708 | -€3,355 | -47.5% |
| Furniture and vehicles | 24 | €696 | - | -€696 | |
| Current assets | 29/58 | €50,762 | €56,958 | +€6,196 | +12.2% |
| Amounts receivable within one year | 40/41 | €24,218 | €26,639 | +€2,421 | +10.0% |
| Trade receivables | 40 | €24,200 | €26,620 | +€2,420 | +10.0% |
| Other amounts receivable | 41 | €18 | €19 | +€1 | +5.7% |
| Cash at bank and in hand | 54/58 | €26,544 | €30,319 | +€3,775 | +14.2% |
| Total equity and liabilities | 10/49 | €58,520 | €60,666 | +€2,145 | +3.7% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €56,520 | €58,666 | +€2,145 | +3.8% |
| Amounts payable within one year | 42/48 | €56,520 | €58,666 | +€2,145 | +3.8% |
| Trade debts | 44 | €481 | €409 | -€72 | -14.9% |
| Suppliers | 440/4 | €481 | €409 | -€72 | -14.9% |
| Taxes, remuneration and social security | 45 | €14,675 | €11,745 | -€2,929 | -20.0% |
| Taxes | 450/3 | €12,696 | €9,760 | -€2,936 | -23.1% |
| Remuneration and social security | 454/9 | €1,979 | €1,985 | +€7 | +0.3% |
| Other amounts payable | 47/48 | €41,365 | €46,512 | +€5,147 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,085 | €4,051 | -€2,034 | -33.4% |
| Other operating charges | 640/8 | €9,950 | €10,302 | +€352 | +3.5% |
| Gross operating margin | 9900 | €64,595 | €75,865 | +€11,269 | +17.4% |
| Operating profit (loss) | 9901 | €48,561 | €61,512 | +€12,951 | +26.7% |
| Financial income | 75/76B | €378 | €174 | -€204 | -53.9% |
| Recurring financial income | 75 | €378 | €174 | -€204 | -53.9% |
| Financial charges | 65/66B | €117 | €131 | +€14 | +11.9% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €48,822 | €61,555 | +€12,733 | +26.1% |
| Income taxes | 67/77 | €10,393 | €16,005 | +€5,612 | +54.0% |
| Profit (loss) for the period | 9904 | €38,428 | €45,550 | +€7,122 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,428 | €45,550 | +€7,122 | +18.5% |
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 9 October 2026 via checked.be.