BEERENDRUK: what changed
BEERENDRUK
Largest movements
- Receivables within one year +€66,716
up €66,716 (+31.6%), from €211,082 to €277,798
of which Other amounts receivable: +€35,670
- Intangible fixed assets +€45,619
up €45,619 (+87.0%), from €52,427 to €98,046
- Tangible fixed assets -€21,148
down €21,148 (-27.5%), from €76,872 to €55,724
- Stocks and contracts +€8,511
up €8,511 (+3.1%), from €270,475 to €278,985
of which Contracts in progress: +€5,647
- Trade debts +€51,008
up €51,008 (+44.2%), from €115,485 to €166,494
- Current portion of long-term debt -€24,508
down €24,508 (-51.7%), from €47,368 to €22,860
- Debts after one year +€23,079
up €23,079 (+101%), from €22,927 to €46,006
of which Financial debts: +€22,809
- Tax, wage and social debts +€20,901
up €20,901 (+47.2%), from €44,316 to €65,217
of which Taxes: +€15,439
- Reserves +€19,068
up €19,068 (+6.6%), from €287,795 to €306,863
- Staff costs +€37,147
up €37,147 (+17.8%), from €208,441 to €245,588
- Taxes -€13,332
down €13,332 (-57.7%), from €23,125 to €9,793
- Depreciation +€10,366
up €10,366 (+22.2%), from €46,704 to €57,070
- Gross operating margin -€4,313
down €4,313 (-1.2%), from €350,620 to €346,307
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €661,491 | €754,352 | +€92,861 | +14.0% |
| Fixed assets | 21/28 | €133,161 | €157,632 | +€24,471 | +18.4% |
| Intangible fixed assets | 21 | €52,427 | €98,046 | +€45,619 | +87.0% |
| Tangible fixed assets | 22/27 | €76,872 | €55,724 | -€21,148 | -27.5% |
| Land and buildings | 22 | €36,865 | €29,593 | -€7,271 | -19.7% |
| Plant, machinery and equipment | 23 | €11,200 | €7,342 | -€3,858 | -34.4% |
| Furniture and vehicles | 24 | €28,808 | €18,789 | -€10,019 | -34.8% |
| Financial fixed assets | 28 | €3,863 | €3,863 | = | 0.0% |
| Current assets | 29/58 | €528,330 | €596,720 | +€68,390 | +12.9% |
| Stocks and contracts in progress | 3 | €270,475 | €278,985 | +€8,511 | +3.1% |
| Stocks | 30/36 | €187,657 | €190,521 | +€2,864 | +1.5% |
| Contracts in progress | 37 | €82,817 | €88,464 | +€5,647 | +6.8% |
| Amounts receivable within one year | 40/41 | €211,082 | €277,798 | +€66,716 | +31.6% |
| Trade receivables | 40 | €93,712 | €124,758 | +€31,046 | +33.1% |
| Other amounts receivable | 41 | €117,370 | €153,040 | +€35,670 | +30.4% |
| Cash at bank and in hand | 54/58 | €46,773 | €39,937 | -€6,837 | -14.6% |
| Total equity and liabilities | 10/49 | €661,491 | €754,352 | +€92,861 | +14.0% |
| Equity | 10/15 | €306,395 | €325,463 | +€19,068 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €287,795 | €306,863 | +€19,068 | +6.6% |
| Distributable reserves | 133 | €287,795 | €306,863 | +€19,068 | +6.6% |
| Amounts payable | 17/49 | €355,096 | €428,889 | +€73,793 | +20.8% |
| Amounts payable after more than one year | 17 | €22,927 | €46,006 | +€23,079 | +101% |
| Financial debts | 170/4 | €22,927 | €45,736 | +€22,809 | +99.5% |
| Other amounts payable | 178/9 | - | €270 | +€270 | |
| Amounts payable within one year | 42/48 | €332,170 | €382,884 | +€50,714 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €47,368 | €22,860 | -€24,508 | -51.7% |
| Financial debts | 43 | €125,000 | €128,313 | +€3,313 | +2.7% |
| Credit institutions | 430/8 | €125,000 | €128,313 | +€3,313 | +2.7% |
| Trade debts | 44 | €115,485 | €166,494 | +€51,008 | +44.2% |
| Suppliers | 440/4 | €115,485 | €166,494 | +€51,008 | +44.2% |
| Taxes, remuneration and social security | 45 | €44,316 | €65,217 | +€20,901 | +47.2% |
| Taxes | 450/3 | €10,923 | €26,362 | +€15,439 | +141% |
| Remuneration and social security | 454/9 | €33,393 | €38,855 | +€5,462 | +16.4% |
| Remuneration, social security and pensions | 62 | €208,441 | €245,588 | +€37,147 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,704 | €57,070 | +€10,366 | +22.2% |
| Other operating charges | 640/8 | €645 | €725 | +€80 | +12.3% |
| Gross operating margin | 9900 | €350,620 | €346,307 | -€4,313 | -1.2% |
| Operating profit (loss) | 9901 | €94,829 | €42,923 | -€51,906 | -54.7% |
| Financial income | 75/76B | €2,572 | €2,383 | -€189 | -7.3% |
| Recurring financial income | 75 | €2,572 | €2,383 | -€189 | -7.3% |
| Financial charges | 65/66B | €15,138 | €16,446 | +€1,307 | +8.6% |
| Recurring financial charges | 65 | €15,138 | €16,446 | +€1,307 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €82,263 | €28,861 | -€53,402 | -64.9% |
| Income taxes | 67/77 | €23,125 | €9,793 | -€13,332 | -57.7% |
| Profit (loss) for the period | 9904 | €59,138 | €19,068 | -€40,070 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,138 | €19,068 | -€40,070 | -67.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.