BEEST PROJECTEN: 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.
BEEST PROJECTEN
Largest movements
- Stocks and contracts -€993,075
down €993,075 (-75.8%), from €1.3m to €317,528
of which Contracts in progress: -€555,620
- Cash +€262,563
up €262,563 (+1,891%), from €13,889 to €276,451
mainly Stocks and contracts (+€993,075) and Other debts (+€112,884)
- Deferred charges and accrued income +€71,885
up €71,885 (+1,692%), from €4,248 to €76,133
- Tangible fixed assets -€41,196
down €41,196 (-3.7%), from €1.1m to €1.1m
of which Land and buildings: -€44,319
- Short-term financial debts -€943,462
down €943,462 (-80.2%), from €1.2m to €232,500
- Other debts +€112,884
up €112,884 (+43,655%), from €259 to €113,143
- Tax, wage and social debts +€111,223
new in 2025: €111,223
of which Taxes: +€109,374
- Debts after one year -€49,247
down €49,247 (-5.4%), from €912,941 to €863,694
- Advances received +€36,064
new in 2025: €36,064
- Gross operating margin -€51,188
down €51,188 (-22.7%), from €225,319 to €174,131
- Financial charges -€39,379
down €39,379 (-43.7%), from €90,061 to €50,681
- Staff costs -€18,145
down €18,145 (-41.1%), from €44,103 to €25,958
- Financial income +€2,549
up €2,549 (+113%), from €2,262 to €4,811
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 | €2,616,698 | €1,914,608 | -€702,089 | -26.8% |
| Fixed assets | 21/28 | €1,104,102 | €1,062,905 | -€41,196 | -3.7% |
| Tangible fixed assets | 22/27 | €1,104,102 | €1,062,905 | -€41,196 | -3.7% |
| Land and buildings | 22 | €1,053,889 | €1,009,569 | -€44,319 | -4.2% |
| Plant, machinery and equipment | 23 | €31,169 | €46,105 | +€14,937 | +47.9% |
| Furniture and vehicles | 24 | €19,044 | €7,230 | -€11,814 | -62.0% |
| Current assets | 29/58 | €1,512,596 | €851,703 | -€660,893 | -43.7% |
| Amounts receivable after more than one year | 29 | €139,212 | €150,257 | +€11,045 | +7.9% |
| Trade receivables | 290 | €139,212 | €150,257 | +€11,045 | +7.9% |
| Stocks and contracts in progress | 3 | €1,310,603 | €317,528 | -€993,075 | -75.8% |
| Stocks | 30/36 | €467,292 | €29,836 | -€437,455 | -93.6% |
| Contracts in progress | 37 | €843,311 | €287,691 | -€555,620 | -65.9% |
| Amounts receivable within one year | 40/41 | €44,646 | €31,334 | -€13,311 | -29.8% |
| Trade receivables | 40 | €24,328 | €14,835 | -€9,493 | -39.0% |
| Other amounts receivable | 41 | €20,318 | €16,499 | -€3,818 | -18.8% |
| Cash at bank and in hand | 54/58 | €13,889 | €276,451 | +€262,563 | +1,891% |
| Deferred charges and accrued income | 490/1 | €4,248 | €76,133 | +€71,885 | +1,692% |
| Total equity and liabilities | 10/49 | €2,616,698 | €1,914,608 | -€702,089 | -26.8% |
| Equity | 10/15 | €417,953 | €441,357 | +€23,404 | +5.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €317,953 | €341,357 | +€23,404 | +7.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €307,953 | €331,357 | +€23,404 | +7.6% |
| Amounts payable | 17/49 | €2,198,745 | €1,473,251 | -€725,494 | -33.0% |
| Amounts payable after more than one year | 17 | €912,941 | €863,694 | -€49,247 | -5.4% |
| Financial debts | 170/4 | €912,941 | €863,694 | -€49,247 | -5.4% |
| Amounts payable within one year | 42/48 | €1,284,770 | €576,136 | -€708,634 | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €66,543 | €75,114 | +€8,571 | +12.9% |
| Financial debts | 43 | €1,175,962 | €232,500 | -€943,462 | -80.2% |
| Credit institutions | 430/8 | €1,175,962 | €232,500 | -€943,462 | -80.2% |
| Trade debts | 44 | €42,007 | €8,093 | -€33,914 | -80.7% |
| Suppliers | 440/4 | €42,007 | €8,093 | -€33,914 | -80.7% |
| Advances received on contracts in progress | 46 | - | €36,064 | +€36,064 | |
| Taxes, remuneration and social security | 45 | - | €111,223 | +€111,223 | |
| Taxes | 450/3 | - | €109,374 | +€109,374 | |
| Remuneration and social security | 454/9 | - | €1,849 | +€1,849 | |
| Other amounts payable | 47/48 | €259 | €113,143 | +€112,884 | +43,655% |
| Accrued charges and deferred income | 492/3 | €1,033 | €33,421 | +€32,387 | +3,134% |
| Remuneration, social security and pensions | 62 | €44,103 | €25,958 | -€18,145 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,357 | €71,235 | +€1,877 | +2.7% |
| Other operating charges | 640/8 | €2,433 | €2,437 | +€4 | +0.2% |
| Gross operating margin | 9900 | €225,319 | €174,131 | -€51,188 | -22.7% |
| Operating profit (loss) | 9901 | €109,426 | €74,501 | -€34,925 | -31.9% |
| Financial income | 75/76B | €2,262 | €4,811 | +€2,549 | +113% |
| Recurring financial income | 75 | €2,262 | €4,811 | +€2,549 | +113% |
| Financial charges | 65/66B | €90,061 | €50,681 | -€39,379 | -43.7% |
| Recurring financial charges | 65 | €90,061 | €50,681 | -€39,379 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €21,627 | €28,631 | +€7,004 | +32.4% |
| Income taxes | 67/77 | €4,807 | €5,227 | +€420 | +8.7% |
| Profit (loss) for the period | 9904 | €16,821 | €23,404 | +€6,584 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,821 | €23,404 | +€6,584 | +39.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.