BEELS: 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.
BEELS
Largest movements
- Receivables within one year +€23,677
up €23,677 (+43.6%), from €54,321 to €77,998
- Tangible fixed assets +€22,517
up €22,517 (+39.7%), from €56,700 to €79,217
of which Leasing and similar rights: +€32,087
- Current investments +€19,283
up €19,283 (+5.8%), from €331,185 to €350,468
- Reserves +€37,336
up €37,336 (+10.4%), from €360,166 to €397,502
of which Distributable reserves: +€37,336
- Debts after one year +€25,335
new in 2025: €25,335
- Trade debts +€23,605
up €23,605 (+44.3%), from €53,307 to €76,912
- Tax, wage and social debts -€19,693
down €19,693 (-72.0%), from €27,341 to €7,648
- Revaluation surpluses -€10,716
down €10,716 (-38.2%), from €28,061 to €17,345
- Gross operating margin -€36,273
down €36,273 (-25.1%), from €144,633 to €108,360
- Purchases and services +€25,611
up €25,611 (+6.1%), from €422,360 to €447,971
- Depreciation +€16,878
up €16,878 (+57.6%), from €29,296 to €46,174
- Taxes -€14,857
down €14,857 (-38.0%), from €39,074 to €24,217
- Financial income +€11,086
up €11,086 (+189%), from €5,863 to €16,949
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.
Derived cash bridge
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 | €542,196 | €612,157 | +€69,961 | +12.9% |
| Fixed assets | 21/28 | €59,101 | €81,618 | +€22,517 | +38.1% |
| Tangible fixed assets | 22/27 | €56,700 | €79,217 | +€22,517 | +39.7% |
| Plant, machinery and equipment | 23 | €32,244 | €27,962 | -€4,282 | -13.3% |
| Furniture and vehicles | 24 | €12,294 | €7,006 | -€5,288 | -43.0% |
| Leasing and similar rights | 25 | €12,162 | €44,249 | +€32,087 | +264% |
| Financial fixed assets | 28 | €2,401 | €2,401 | = | 0.0% |
| Current assets | 29/58 | €483,095 | €530,539 | +€47,444 | +9.8% |
| Amounts receivable within one year | 40/41 | €54,321 | €77,998 | +€23,677 | +43.6% |
| Trade receivables | 40 | €54,321 | €77,998 | +€23,677 | +43.6% |
| Current investments | 50/53 | €331,185 | €350,468 | +€19,283 | +5.8% |
| Cash at bank and in hand | 54/58 | €95,870 | €100,833 | +€4,963 | +5.2% |
| Deferred charges and accrued income | 490/1 | €1,719 | €1,240 | -€479 | -27.9% |
| Total equity and liabilities | 10/49 | €542,196 | €612,157 | +€69,961 | +12.9% |
| Equity | 10/15 | €388,227 | €414,847 | +€26,620 | +6.9% |
| Revaluation surpluses | 12 | €28,061 | €17,345 | -€10,716 | -38.2% |
| Reserves | 13 | €360,166 | €397,502 | +€37,336 | +10.4% |
| Tax-exempt reserves | 132 | €22,900 | €22,900 | = | 0.0% |
| Distributable reserves | 133 | €337,266 | €374,602 | +€37,336 | +11.1% |
| Amounts payable | 17/49 | €153,969 | €197,310 | +€43,341 | +28.1% |
| Amounts payable after more than one year | 17 | - | €25,335 | +€25,335 | |
| Financial debts | 170/4 | - | €25,335 | +€25,335 | |
| Amounts payable within one year | 42/48 | €151,969 | €169,975 | +€18,006 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €13,015 | €20,920 | +€7,905 | +60.7% |
| Trade debts | 44 | €53,307 | €76,912 | +€23,605 | +44.3% |
| Suppliers | 440/4 | €53,307 | €76,912 | +€23,605 | +44.3% |
| Taxes, remuneration and social security | 45 | €27,341 | €7,648 | -€19,693 | -72.0% |
| Taxes | 450/3 | €27,341 | €7,648 | -€19,693 | -72.0% |
| Other amounts payable | 47/48 | €58,306 | €64,495 | +€6,189 | +10.6% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Turnover | 70 | €566,355 | €556,331 | -€10,024 | -1.8% |
| Non-recurring operating income | 76A | €638 | - | -€638 | |
| Goods, raw materials, services and sundry goods | 60/61 | €422,360 | €447,971 | +€25,611 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,296 | €46,174 | +€16,878 | +57.6% |
| Other operating charges | 640/8 | €3,541 | €2,763 | -€778 | -22.0% |
| Gross operating margin | 9900 | €144,633 | €108,360 | -€36,273 | -25.1% |
| Operating profit (loss) | 9901 | €111,796 | €59,423 | -€52,373 | -46.8% |
| Financial income | 75/76B | €5,863 | €16,949 | +€11,086 | +189% |
| Recurring financial income | 75 | €5,863 | €16,949 | +€11,086 | +189% |
| Financial charges | 65/66B | €1,849 | €3,311 | +€1,462 | +79.1% |
| Recurring financial charges | 65 | €1,849 | €3,311 | +€1,462 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | €115,810 | €73,061 | -€42,749 | -36.9% |
| Income taxes | 67/77 | €39,074 | €24,217 | -€14,857 | -38.0% |
| Profit (loss) for the period | 9904 | €76,736 | €48,844 | -€27,892 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,736 | €48,844 | -€27,892 | -36.3% |
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 14 October 2026 via checked.be.