BEERNAERT STEVEN: 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 STEVEN
Largest movements
- Tangible fixed assets +€35,023
up €35,023 (+34.3%), from €102,136 to €137,160
of which Land and buildings: +€37,235
- Receivables within one year -€26,423
down €26,423 (-44.6%), from €59,260 to €32,836
of which Trade receivables: -€35,187
- Stocks and contracts +€19,459
up €19,459 (+298.4%), from €6,521 to €25,980
of which Contracts in progress: +€17,681
- Cash +€6,084
up €6,084 (+12.5%), from €48,513 to €54,597
mainly Debts after one year (+€61,240) and Receivables within one year (+€26,423)
- Debts after one year +€61,240
up €61,240 (+94.1%), from €65,051 to €126,291
- Trade debts -€20,962
down €20,962 (-49.2%), from €42,620 to €21,658
- Short-term financial debts -€5,000
no longer reported in 2025 (was €5,000)
- Tax, wage and social debts +€2,781
up €2,781 (+316.3%), from €879 to €3,660
of which Remuneration and social security: +€2,726
- Gross operating margin -€21,266
down €21,266 (-56.2%), from €37,831 to €16,565
- Taxes -€4,882
down €4,882 (-83.9%), from €5,816 to €934
- Financial charges +€1,095
up €1,095 (+21.7%), from €5,055 to €6,150
- Other operating charges -€483
down €483 (-23.0%), from €2,102 to €1,618
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 | €216,591 | €251,062 | +€34,471 | +15.9% |
| Fixed assets | 21/28 | €102,296 | €137,160 | +€34,863 | +34.1% |
| Tangible fixed assets | 22/27 | €102,136 | €137,160 | +€35,023 | +34.3% |
| Land and buildings | 22 | €98,865 | €136,100 | +€37,235 | +37.7% |
| Plant, machinery and equipment | 23 | €487 | €289 | -€198 | -40.7% |
| Furniture and vehicles | 24 | €2,785 | €771 | -€2,014 | -72.3% |
| Financial fixed assets | 28 | €160 | - | -€160 | |
| Current assets | 29/58 | €114,294 | €113,902 | -€392 | -0.3% |
| Stocks and contracts in progress | 3 | €6,521 | €25,980 | +€19,459 | +298.4% |
| Stocks | 30/36 | €6,521 | €8,299 | +€1,778 | +27.3% |
| Contracts in progress | 37 | - | €17,681 | +€17,681 | |
| Amounts receivable within one year | 40/41 | €59,260 | €32,836 | -€26,423 | -44.6% |
| Trade receivables | 40 | €55,044 | €19,858 | -€35,187 | -63.9% |
| Other amounts receivable | 41 | €4,216 | €12,979 | +€8,763 | +207.9% |
| Cash at bank and in hand | 54/58 | €48,513 | €54,597 | +€6,084 | +12.5% |
| Deferred charges and accrued income | 490/1 | - | €489 | +€489 | |
| Total equity and liabilities | 10/49 | €216,591 | €251,062 | +€34,471 | +15.9% |
| Equity | 10/15 | €93,794 | €94,401 | +€606 | +0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €87,594 | €88,201 | +€606 | +0.7% |
| Distributable reserves | 133 | €87,594 | €88,201 | +€606 | +0.7% |
| Amounts payable | 17/49 | €122,796 | €156,661 | +€33,865 | +27.6% |
| Amounts payable after more than one year | 17 | €65,051 | €126,291 | +€61,240 | +94.1% |
| Financial debts | 170/4 | €65,051 | €126,291 | +€61,240 | +94.1% |
| Amounts payable within one year | 42/48 | €57,746 | €30,370 | -€27,375 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €6,846 | €5,052 | -€1,794 | -26.2% |
| Financial debts | 43 | €5,000 | - | -€5,000 | |
| Other loans | 439 | €5,000 | - | -€5,000 | |
| Trade debts | 44 | €42,620 | €21,658 | -€20,962 | -49.2% |
| Suppliers | 440/4 | €42,620 | €21,658 | -€20,962 | -49.2% |
| Taxes, remuneration and social security | 45 | €879 | €3,660 | +€2,781 | +316.3% |
| Taxes | 450/3 | €879 | €934 | +€55 | +6.2% |
| Remuneration and social security | 454/9 | - | €2,726 | +€2,726 | |
| Other amounts payable | 47/48 | €2,401 | - | -€2,401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,430 | €7,313 | -€117 | -1.6% |
| Other operating charges | 640/8 | €2,102 | €1,618 | -€483 | -23.0% |
| Gross operating margin | 9900 | €37,831 | €16,565 | -€21,266 | -56.2% |
| Operating profit (loss) | 9901 | €28,300 | €7,634 | -€20,666 | -73.0% |
| Financial income | 75/76B | €0 | €56 | +€56 | +35025.0% |
| Recurring financial income | 75 | €0 | €56 | +€56 | +35025.0% |
| Financial charges | 65/66B | €5,055 | €6,150 | +€1,095 | +21.7% |
| Recurring financial charges | 65 | €5,055 | €6,150 | +€1,095 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €23,245 | €1,540 | -€21,705 | -93.4% |
| Income taxes | 67/77 | €5,816 | €934 | -€4,882 | -83.9% |
| Profit (loss) for the period | 9904 | €17,429 | €606 | -€16,823 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,429 | €606 | -€16,823 | -96.5% |
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 6 October 2026 via checked.be.