BEERNAERT DAVY: 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.
BEERNAERT DAVY
Largest movements
- Receivables within one year -€109,183
down €109,183 (-67.5%), from €161,798 to €52,615
of which Trade receivables: -€91,330
- Tangible fixed assets -€108,105
down €108,105 (-16.3%), from €661,363 to €553,258
of which Furniture and vehicles: -€60,014
- Cash +€67,986
up €67,986 (+19.7%), from €344,280 to €412,266
mainly Receivables within one year (+€109,183) and Depreciation (+€101,879)
- Deferred charges and accrued income +€30,000
new in 2025: €30,000
- Debts after one year -€73,392
down €73,392 (-22.6%), from €324,473 to €251,081
- Trade debts -€24,364
down €24,364 (-39.4%), from €61,811 to €37,447
- Tax, wage and social debts -€22,860
down €22,860 (-65.7%), from €34,791 to €11,931
of which Taxes: -€22,117
- Reserves +€15,899
up €15,899 (+2.8%), from €567,597 to €583,496
- Other debts -€13,576
down €13,576 (-17.4%), from €78,199 to €64,623
- Gross operating margin -€142,314
down €142,314 (-23.3%), from €611,931 to €469,618
- Taxes -€33,706
down €33,706 (-44.1%), from €76,417 to €42,711
- Other operating charges -€18,108
down €18,108 (-64.5%), from €28,066 to €9,959
- Staff costs -€15,377
down €15,377 (-6.3%), from €245,721 to €230,345
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 | €1,167,440 | €1,048,138 | -€119,302 | -10.2% |
| Fixed assets | 21/28 | €661,363 | €553,258 | -€108,105 | -16.3% |
| Tangible fixed assets | 22/27 | €661,363 | €553,258 | -€108,105 | -16.3% |
| Land and buildings | 22 | €448,789 | €403,499 | -€45,290 | -10.1% |
| Plant, machinery and equipment | 23 | €5,554 | €2,754 | -€2,801 | -50.4% |
| Furniture and vehicles | 24 | €207,020 | €147,005 | -€60,014 | -29.0% |
| Current assets | 29/58 | €506,077 | €494,880 | -€11,197 | -2.2% |
| Amounts receivable within one year | 40/41 | €161,798 | €52,615 | -€109,183 | -67.5% |
| Trade receivables | 40 | €110,367 | €19,038 | -€91,330 | -82.8% |
| Other amounts receivable | 41 | €51,430 | €33,577 | -€17,853 | -34.7% |
| Cash at bank and in hand | 54/58 | €344,280 | €412,266 | +€67,986 | +19.7% |
| Deferred charges and accrued income | 490/1 | - | €30,000 | +€30,000 | |
| Total equity and liabilities | 10/49 | €1,167,440 | €1,048,138 | -€119,302 | -10.2% |
| Equity | 10/15 | €593,090 | €608,988 | +€15,899 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €567,597 | €583,496 | +€15,899 | +2.8% |
| Distributable reserves | 133 | €567,597 | €583,496 | +€15,899 | +2.8% |
| Profit (loss) carried forward | 14 | €19,292 | €19,292 | = | 0.0% |
| Amounts payable | 17/49 | €574,351 | €439,150 | -€135,201 | -23.5% |
| Amounts payable after more than one year | 17 | €324,473 | €251,081 | -€73,392 | -22.6% |
| Financial debts | 170/4 | €324,473 | €251,081 | -€73,392 | -22.6% |
| Amounts payable within one year | 42/48 | €249,202 | €187,394 | -€61,809 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €74,401 | €73,392 | -€1,009 | -1.4% |
| Trade debts | 44 | €61,811 | €37,447 | -€24,364 | -39.4% |
| Suppliers | 440/4 | €61,811 | €37,447 | -€24,364 | -39.4% |
| Taxes, remuneration and social security | 45 | €34,791 | €11,931 | -€22,860 | -65.7% |
| Taxes | 450/3 | €28,366 | €6,249 | -€22,117 | -78.0% |
| Remuneration and social security | 454/9 | €6,425 | €5,682 | -€743 | -11.6% |
| Other amounts payable | 47/48 | €78,199 | €64,623 | -€13,576 | -17.4% |
| Accrued charges and deferred income | 492/3 | €675 | €675 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €245,721 | €230,345 | -€15,377 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,248 | €101,879 | -€1,369 | -1.3% |
| Other operating charges | 640/8 | €28,066 | €9,959 | -€18,108 | -64.5% |
| Gross operating margin | 9900 | €611,931 | €469,618 | -€142,314 | -23.3% |
| Operating profit (loss) | 9901 | €234,896 | €127,435 | -€107,461 | -45.7% |
| Financial income | 75/76B | €9,723 | €11,217 | +€1,495 | +15.4% |
| Recurring financial income | 75 | €9,723 | €11,217 | +€1,495 | +15.4% |
| Financial charges | 65/66B | €10,206 | €12,019 | +€1,812 | +17.8% |
| Recurring financial charges | 65 | €10,206 | €12,019 | +€1,812 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €234,412 | €126,634 | -€107,778 | -46.0% |
| Income taxes | 67/77 | €76,417 | €42,711 | -€33,706 | -44.1% |
| Profit (loss) for the period | 9904 | €157,996 | €83,923 | -€74,072 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €157,996 | €83,923 | -€74,072 | -46.9% |
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 3 October 2026 via checked.be.