BEELDWERK: 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.
BEELDWERK
Largest movements
- Cash +€5,054
up €5,054 (+35714.3%), from €14 to €5,068
mainly Net result for the year (+€8,426) and Depreciation (+€6,786)
- Receivables within one year -€4,039
down €4,039 (-27.7%), from €14,585 to €10,545
of which Trade receivables: -€3,751
- Tangible fixed assets -€894
down €894 (-3.0%), from €29,722 to €28,828
of which Other tangible fixed assets: -€5,944
- Profit (loss) carried forward +€14,676
up €14,676 (+19.8%), from -€74,052 to -€59,376
- Other debts -€8,376
down €8,376 (-17.0%), from €49,270 to €40,894
- Reserves -€6,250
no longer reported in 2025 (was €6,250)
- Gross operating margin +€13,601
up €13,601 (+259.9%), from €5,233 to €18,833
- Depreciation +€6,786
new in 2025: €6,786
- Taxes +€2,923
new in 2025: €2,923
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 | €44,321 | €44,441 | +€120 | +0.3% |
| Fixed assets | 21/28 | €29,722 | €28,828 | -€894 | -3.0% |
| Tangible fixed assets | 22/27 | €29,722 | €28,828 | -€894 | -3.0% |
| Furniture and vehicles | 24 | - | €5,051 | +€5,051 | |
| Other tangible fixed assets | 26 | €29,722 | €23,778 | -€5,944 | -20.0% |
| Current assets | 29/58 | €14,599 | €15,613 | +€1,014 | +6.9% |
| Amounts receivable within one year | 40/41 | €14,585 | €10,545 | -€4,039 | -27.7% |
| Trade receivables | 40 | €14,017 | €10,266 | -€3,751 | -26.8% |
| Other amounts receivable | 41 | €568 | €280 | -€288 | -50.8% |
| Cash at bank and in hand | 54/58 | €14 | €5,068 | +€5,054 | +35714.3% |
| Total equity and liabilities | 10/49 | €44,321 | €44,441 | +€120 | +0.3% |
| Equity | 10/15 | -€5,302 | €3,124 | +€8,426 | |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | - | -€6,250 | |
| Non-distributable reserves | 130/1 | €6,250 | - | -€6,250 | |
| Legal reserve | 130 | €6,250 | - | -€6,250 | |
| Profit (loss) carried forward | 14 | -€74,052 | -€59,376 | +€14,676 | +19.8% |
| Amounts payable | 17/49 | €49,622 | €41,317 | -€8,305 | -16.7% |
| Amounts payable within one year | 42/48 | €49,622 | €41,317 | -€8,305 | -16.7% |
| Trade debts | 44 | €352 | - | -€352 | |
| Suppliers | 440/4 | €352 | - | -€352 | |
| Taxes, remuneration and social security | 45 | - | €423 | +€423 | |
| Taxes | 450/3 | - | €423 | +€423 | |
| Other amounts payable | 47/48 | €49,270 | €40,894 | -€8,376 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,786 | +€6,786 | |
| Other operating charges | 640/8 | €525 | €688 | +€163 | +30.9% |
| Gross operating margin | 9900 | €5,233 | €18,833 | +€13,601 | +259.9% |
| Operating profit (loss) | 9901 | €4,707 | €11,359 | +€6,652 | +141.3% |
| Financial charges | 65/66B | €54 | €10 | -€44 | -81.3% |
| Recurring financial charges | 65 | €54 | €10 | -€44 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €4,654 | €11,349 | +€6,695 | +143.9% |
| Income taxes | 67/77 | - | €2,923 | +€2,923 | |
| Profit (loss) for the period | 9904 | €4,654 | €8,426 | +€3,772 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,654 | €8,426 | +€3,772 | +81.1% |
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 30 September 2026 via checked.be.