BEELDPUNT: what changed
Two fiscal 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.
BEELDPUNT
Largest movements
- Receivables within one year -€63,959
down €63,959 (-82.8%), from €77,239 to €13,280
of which Other amounts receivable: -€32,117
- Tangible fixed assets -€23,946
down €23,946 (-5.7%), from €420,716 to €396,770
of which Land and buildings: -€26,341
- Cash +€11,656
new in 2025: €11,656
mainly Receivables within one year (+€63,959) and Depreciation (+€47,648)
- Deferred charges and accrued income +€8,473
new in 2025: €8,473
- Stocks and contracts +€7,000
up €7,000 (+5.8%), from €120,000 to €127,000
- Other debts -€38,402
down €38,402 (-39.1%), from €98,235 to €59,833
- Debts after one year -€20,414
down €20,414 (-5.3%), from €388,200 to €367,786
- Reserves +€8,000
up €8,000 (+15.9%), from €50,170 to €58,170
of which Distributable reserves: +€8,000
- Short-term financial debts -€7,975
no longer reported in 2025 (was €7,975)
- Gross operating margin -€4,609
down €4,609 (-4.9%), from €94,739 to €90,130
- Depreciation +€2,218
up €2,218 (+4.9%), from €45,430 to €47,648
- Other operating charges -€1,751
down €1,751 (-7.4%), from €23,517 to €21,766
- Financial charges -€1,006
down €1,006 (-7.9%), from €12,666 to €11,660
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 | €617,955 | €557,179 | -€60,776 | -9.8% |
| Fixed assets | 21/28 | €420,716 | €396,770 | -€23,946 | -5.7% |
| Tangible fixed assets | 22/27 | €420,716 | €396,770 | -€23,946 | -5.7% |
| Land and buildings | 22 | €397,303 | €370,962 | -€26,341 | -6.6% |
| Plant, machinery and equipment | 23 | €9,517 | €12,844 | +€3,327 | +35.0% |
| Furniture and vehicles | 24 | €13,896 | €12,964 | -€932 | -6.7% |
| Current assets | 29/58 | €197,239 | €160,409 | -€36,830 | -18.7% |
| Stocks and contracts in progress | 3 | €120,000 | €127,000 | +€7,000 | +5.8% |
| Contracts in progress | 37 | €120,000 | €127,000 | +€7,000 | +5.8% |
| Amounts receivable within one year | 40/41 | €77,239 | €13,280 | -€63,959 | -82.8% |
| Trade receivables | 40 | €45,122 | €13,280 | -€31,842 | -70.6% |
| Other amounts receivable | 41 | €32,117 | - | -€32,117 | |
| Cash at bank and in hand | 54/58 | - | €11,656 | +€11,656 | |
| Deferred charges and accrued income | 490/1 | - | €8,473 | +€8,473 | |
| Total equity and liabilities | 10/49 | €617,955 | €557,179 | -€60,776 | -9.8% |
| Equity | 10/15 | €71,572 | €79,597 | +€8,025 | +11.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,170 | €58,170 | +€8,000 | +15.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,310 | €56,310 | +€8,000 | +16.6% |
| Profit (loss) carried forward | 14 | €9,002 | €9,027 | +€25 | +0.3% |
| Amounts payable | 17/49 | €546,383 | €477,582 | -€68,801 | -12.6% |
| Amounts payable after more than one year | 17 | €388,200 | €367,786 | -€20,414 | -5.3% |
| Financial debts | 170/4 | €388,200 | €367,786 | -€20,414 | -5.3% |
| Amounts payable within one year | 42/48 | €158,183 | €109,796 | -€48,387 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €23,368 | €20,414 | -€2,954 | -12.6% |
| Financial debts | 43 | €7,975 | - | -€7,975 | |
| Credit institutions | 430/8 | €7,975 | - | -€7,975 | |
| Trade debts | 44 | €3,887 | €6,648 | +€2,761 | +71.0% |
| Suppliers | 440/4 | €3,887 | €6,648 | +€2,761 | +71.0% |
| Taxes, remuneration and social security | 45 | €24,718 | €22,901 | -€1,817 | -7.4% |
| Taxes | 450/3 | €24,718 | €22,901 | -€1,817 | -7.4% |
| Other amounts payable | 47/48 | €98,235 | €59,833 | -€38,402 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,430 | €47,648 | +€2,218 | +4.9% |
| Other operating charges | 640/8 | €23,517 | €21,766 | -€1,751 | -7.4% |
| Gross operating margin | 9900 | €94,739 | €90,130 | -€4,609 | -4.9% |
| Operating profit (loss) | 9901 | €25,792 | €20,716 | -€5,076 | -19.7% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €12,666 | €11,660 | -€1,006 | -7.9% |
| Recurring financial charges | 65 | €12,666 | €11,660 | -€1,006 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €13,126 | €9,061 | -€4,065 | -31.0% |
| Income taxes | 67/77 | €1,404 | €1,036 | -€368 | -26.2% |
| Profit (loss) for the period | 9904 | €11,722 | €8,025 | -€3,697 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,722 | €8,025 | -€3,697 | -31.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.