BEELE: 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.
What changed
BEELE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€35,577
2024 · -€34,585-€992
Equity
€1.1m
2024 · €1.2m-€35,577
Cash
€45,315
2024 · €63,049-€17,734
Balance sheet total
€2.3m
2024 · €2.4m-€85,301
Largest movements
Assets
- Tangible fixed assets -€68,729
down €68,729 (-3.0%), from €2.3m to €2.3m
of which Land and buildings: -€67,824
Equity and liabilities
- Other debts -€37,591
down €37,591 (-3.1%), from €1.2m to €1.2m
- Profit (loss) carried forward -€35,577
down €35,577 (-18.6%), from -€191,535 to -€227,113
Income statement
- Gross operating margin +€2,108
up €2,108 (+3.0%), from €70,572 to €72,680
- Depreciation +€1,667
up €1,667 (+1.8%), from €94,886 to €96,553
- Other operating charges +€1,354
up €1,354 (+14.1%), from €9,636 to €10,990
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.
Result 2024
-€34,585
Gross operating margin
+€2,108
Depreciation
-€1,667
Other operating charges
-€1,354
Financial income
-€404
Financial charges
+€323
Taxes
+€1
Result 2025
-€35,577
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.
From operations
+€22,720
Investment
-€27,825
Financing
-€12,629
Cash 2024
€63,049
From operations (derived)
+€22,720
Net result for the year
-€35,577
Depreciation
+€96,553
Receivables within one year
+€330
Deferred charges and accrued income
-€1,492
Trade debts
-€1,606
Tax, wage and social debts
+€2,103
Other debts
-€37,591
Investment (derived)
-€27,825
Investment in fixed assets (net)
-€27,825
Financing
-€12,629
Debts after one year
-€9,586
Current portion of long-term debt
-€3,043
Cash 2025
€45,315
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,427,700 | €2,342,399 | -€85,301 | -3.5% |
| Fixed assets | 21/28 | €2,321,371 | €2,252,643 | -€68,729 | -3.0% |
| Tangible fixed assets | 22/27 | €2,321,371 | €2,252,643 | -€68,729 | -3.0% |
| Land and buildings | 22 | €2,254,484 | €2,186,659 | -€67,824 | -3.0% |
| Plant, machinery and equipment | 23 | €25,120 | €36,245 | +€11,125 | +44.3% |
| Furniture and vehicles | 24 | €41,768 | €29,739 | -€12,029 | -28.8% |
| Current assets | 29/58 | €106,329 | €89,757 | -€16,572 | -15.6% |
| Amounts receivable within one year | 40/41 | €41,380 | €41,050 | -€330 | -0.8% |
| Trade receivables | 40 | €41,380 | €41,050 | -€330 | -0.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €63,049 | €45,315 | -€17,734 | -28.1% |
| Deferred charges and accrued income | 490/1 | €1,900 | €3,392 | +€1,492 | +78.5% |
| Total equity and liabilities | 10/49 | €2,427,700 | €2,342,399 | -€85,301 | -3.5% |
| Equity | 10/15 | €1,167,869 | €1,132,292 | -€35,577 | -3.0% |
| Contributions | 10/11 | €62,100 | €62,100 | = | 0.0% |
| Capital | 10 | €62,100 | €62,100 | = | 0.0% |
| Issued capital | 100 | €62,100 | €62,100 | = | 0.0% |
| Reserves | 13 | €1,297,304 | €1,297,304 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,592 | €18,592 | = | 0.0% |
| Legal reserve | 130 | €18,592 | €18,592 | = | 0.0% |
| Distributable reserves | 133 | €1,278,712 | €1,278,712 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€191,535 | -€227,113 | -€35,577 | -18.6% |
| Amounts payable | 17/49 | €1,259,831 | €1,210,107 | -€49,723 | -3.9% |
| Amounts payable after more than one year | 17 | €9,586 | €0 | -€9,586 | -100.0% |
| Financial debts | 170/4 | €9,586 | €0 | -€9,586 | -100.0% |
| Amounts payable within one year | 42/48 | €1,250,244 | €1,210,107 | -€40,137 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €12,629 | €9,586 | -€3,043 | -24.1% |
| Trade debts | 44 | €3,773 | €2,167 | -€1,606 | -42.6% |
| Suppliers | 440/4 | €3,773 | €2,167 | -€1,606 | -42.6% |
| Taxes, remuneration and social security | 45 | €2,523 | €4,627 | +€2,103 | +83.3% |
| Taxes | 450/3 | €2,523 | €4,627 | +€2,103 | +83.3% |
| Other amounts payable | 47/48 | €1,231,319 | €1,193,728 | -€37,591 | -3.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,886 | €96,553 | +€1,667 | +1.8% |
| Other operating charges | 640/8 | €9,636 | €10,990 | +€1,354 | +14.1% |
| Gross operating margin | 9900 | €70,572 | €72,680 | +€2,108 | +3.0% |
| Operating profit (loss) | 9901 | -€33,950 | -€34,863 | -€913 | -2.7% |
| Financial income | 75/76B | €525 | €121 | -€404 | -76.9% |
| Recurring financial income | 75 | €525 | €121 | -€404 | -76.9% |
| Financial charges | 65/66B | €676 | €352 | -€323 | -47.9% |
| Recurring financial charges | 65 | €676 | €352 | -€323 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,101 | -€35,095 | -€993 | -2.9% |
| Income taxes | 67/77 | €484 | €483 | -€1 | -0.2% |
| Profit (loss) for the period | 9904 | -€34,585 | -€35,577 | -€992 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,585 | -€35,577 | -€992 | -2.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.