BEERNAERT G.: 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 G.
Largest movements
- Receivables after one year +€25,000
up €25,000 (+17.2%), from €145,000 to €170,000
- Tangible fixed assets +€15,160
up €15,160 (+5.5%), from €274,406 to €289,566
of which Plant, machinery and equipment: +€7,675
- Cash +€9,558
up €9,558 (+55.3%), from €17,288 to €26,846
mainly Net result for the year (+€30,898) and Depreciation (+€18,680)
- Reserves +€33,511
up €33,511 (+13.1%), from €255,453 to €288,963
of which Distributable reserves: +€35,250
- Tax, wage and social debts +€12,091
up €12,091 (+33.5%), from €36,077 to €48,168
- Current portion of long-term debt +€5,664
up €5,664 (+28.2%), from €20,066 to €25,730
- Short-term financial debts +€5,000
up €5,000 (+33.3%), from €15,000 to €20,000
- Gross operating margin +€26,289
up €26,289 (+43.5%), from €60,485 to €86,774
- Taxes +€10,015
up €10,015 (+51.8%), from €19,316 to €29,331
- Other operating charges +€3,203
up €3,203 (+37.2%), from €8,612 to €11,814
- Depreciation +€2,675
up €2,675 (+16.7%), from €16,005 to €18,680
- Financial income +€2,315
up €2,315 (+58.0%), from €3,991 to €6,305
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 | €440,279 | €492,408 | +€52,129 | +11.8% |
| Fixed assets | 21/28 | €274,406 | €289,566 | +€15,160 | +5.5% |
| Tangible fixed assets | 22/27 | €274,406 | €289,566 | +€15,160 | +5.5% |
| Land and buildings | 22 | €237,267 | €240,908 | +€3,641 | +1.5% |
| Plant, machinery and equipment | 23 | €1,022 | €8,697 | +€7,675 | +751.1% |
| Furniture and vehicles | 24 | €36,118 | €39,961 | +€3,843 | +10.6% |
| Current assets | 29/58 | €165,873 | €202,842 | +€36,969 | +22.3% |
| Amounts receivable after more than one year | 29 | €145,000 | €170,000 | +€25,000 | +17.2% |
| Other amounts receivable | 291 | €145,000 | €170,000 | +€25,000 | +17.2% |
| Amounts receivable within one year | 40/41 | €2,225 | €5,996 | +€3,771 | +169.5% |
| Trade receivables | 40 | €2,185 | €5,956 | +€3,771 | +172.6% |
| Other amounts receivable | 41 | €40 | €40 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,288 | €26,846 | +€9,558 | +55.3% |
| Deferred charges and accrued income | 490/1 | €1,360 | - | -€1,360 | |
| Total equity and liabilities | 10/49 | €440,279 | €492,408 | +€52,129 | +11.8% |
| Equity | 10/15 | €348,988 | €379,886 | +€30,898 | +8.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €25,500 | €23,250 | -€2,250 | -8.8% |
| Reserves | 13 | €255,453 | €288,963 | +€33,511 | +13.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,255 | €22,516 | -€1,739 | -7.2% |
| Distributable reserves | 133 | €225,000 | €260,250 | +€35,250 | +15.7% |
| Profit (loss) carried forward | 14 | €6,062 | €5,699 | -€363 | -6.0% |
| Provisions and deferred taxes | 16 | €8,085 | €7,505 | -€580 | -7.2% |
| Deferred taxes | 168 | €8,085 | €7,505 | -€580 | -7.2% |
| Amounts payable | 17/49 | €83,206 | €105,017 | +€21,811 | +26.2% |
| Amounts payable after more than one year | 17 | €5,230 | €7,500 | +€2,270 | +43.4% |
| Financial debts | 170/4 | €5,230 | €7,500 | +€2,270 | +43.4% |
| Amounts payable within one year | 42/48 | €77,321 | €97,134 | +€19,813 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €20,066 | €25,730 | +€5,664 | +28.2% |
| Financial debts | 43 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Credit institutions | 430/8 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Trade debts | 44 | €5,712 | €1,193 | -€4,519 | -79.1% |
| Suppliers | 440/4 | €5,712 | €1,193 | -€4,519 | -79.1% |
| Taxes, remuneration and social security | 45 | €36,077 | €48,168 | +€12,091 | +33.5% |
| Taxes | 450/3 | €36,077 | €48,168 | +€12,091 | +33.5% |
| Other amounts payable | 47/48 | €466 | €2,043 | +€1,577 | +338.5% |
| Accrued charges and deferred income | 492/3 | €655 | €384 | -€272 | -41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,005 | €18,680 | +€2,675 | +16.7% |
| Other operating charges | 640/8 | €8,612 | €11,814 | +€3,203 | +37.2% |
| Gross operating margin | 9900 | €60,485 | €86,774 | +€26,289 | +43.5% |
| Operating profit (loss) | 9901 | €35,869 | €56,280 | +€20,411 | +56.9% |
| Financial income | 75/76B | €3,991 | €6,305 | +€2,315 | +58.0% |
| Recurring financial income | 75 | €3,991 | €6,305 | +€2,315 | +58.0% |
| Financial charges | 65/66B | €3,622 | €2,936 | -€687 | -19.0% |
| Recurring financial charges | 65 | €3,622 | €2,936 | -€687 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €36,237 | €59,649 | +€23,413 | +64.6% |
| Transfer from deferred taxes | 780 | €580 | €580 | = | 0.0% |
| Income taxes | 67/77 | €19,316 | €29,331 | +€10,015 | +51.8% |
| Profit (loss) for the period | 9904 | €17,500 | €30,898 | +€13,397 | +76.6% |
| Transfer from tax-exempt reserves | 789 | €1,739 | €1,739 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,240 | €32,637 | +€13,397 | +69.6% |
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 5 October 2026 via checked.be.