BEETHOVEN CONSTRUCTIE: 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.
BEETHOVEN CONSTRUCTIE
Largest movements
- Stocks and contracts -€325,973
down €325,973 (-21.5%), from €1.5m to €1.2m
- Receivables within one year +€253,834
up €253,834 (+1412.7%), from €17,969 to €271,803
of which Other amounts receivable: +€149,288
- Cash +€141,592
up €141,592 (+1787.9%), from €7,919 to €149,512
mainly Net result for the year (+€473,357) and Stocks and contracts (+€325,973)
- Reserves +€375,501
up €375,501 (+10962.6%), from €3,425 to €378,926
of which Distributable reserves: +€344,526
- Short-term financial debts -€321,765
down €321,765 (-41.1%), from €782,261 to €460,496
- Profit (loss) carried forward +€97,856
up €97,856, from -€97,856 to €0
- Trade debts -€61,204
down €61,204 (-77.8%), from €78,632 to €17,428
- Other debts -€47,911
down €47,911 (-11.5%), from €415,244 to €367,332
- Gross operating margin +€490,217
up €490,217, from -€12,217 to €478,000
- Financial charges -€20,328
down €20,328 (-78.3%), from €25,956 to €5,629
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 | €1,542,965 | €1,612,418 | +€69,454 | +4.5% |
| Fixed assets | 21/28 | €120 | €120 | = | 0.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €1,542,845 | €1,612,298 | +€69,454 | +4.5% |
| Stocks and contracts in progress | 3 | €1,516,957 | €1,190,984 | -€325,973 | -21.5% |
| Stocks | 30/36 | €1,516,957 | €1,190,984 | -€325,973 | -21.5% |
| Amounts receivable within one year | 40/41 | €17,969 | €271,803 | +€253,834 | +1412.7% |
| Trade receivables | 40 | €0 | €104,546 | +€104,546 | |
| Other amounts receivable | 41 | €17,969 | €167,256 | +€149,288 | +830.8% |
| Cash at bank and in hand | 54/58 | €7,919 | €149,512 | +€141,592 | +1787.9% |
| Total equity and liabilities | 10/49 | €1,542,965 | €1,612,418 | +€69,454 | +4.5% |
| Equity | 10/15 | €249,569 | €722,926 | +€473,357 | +189.7% |
| Contributions | 10/11 | €344,000 | €344,000 | = | 0.0% |
| Capital | 10 | €344,000 | €344,000 | = | 0.0% |
| Issued capital | 100 | €344,000 | €344,000 | = | 0.0% |
| Reserves | 13 | €3,425 | €378,926 | +€375,501 | +10962.6% |
| Non-distributable reserves | 130/1 | €3,425 | €34,400 | +€30,975 | +904.3% |
| Legal reserve | 130 | €3,425 | €34,400 | +€30,975 | +904.3% |
| Distributable reserves | 133 | - | €344,526 | +€344,526 | |
| Profit (loss) carried forward | 14 | -€97,856 | €0 | +€97,856 | |
| Amounts payable | 17/49 | €1,293,395 | €889,492 | -€403,903 | -31.2% |
| Amounts payable within one year | 42/48 | €1,276,137 | €888,337 | -€387,799 | -30.4% |
| Financial debts | 43 | €782,261 | €460,496 | -€321,765 | -41.1% |
| Credit institutions | 430/8 | €782,261 | €460,496 | -€321,765 | -41.1% |
| Trade debts | 44 | €78,632 | €17,428 | -€61,204 | -77.8% |
| Suppliers | 440/4 | €78,632 | €17,428 | -€61,204 | -77.8% |
| Advances received on contracts in progress | 46 | - | €42,905 | +€42,905 | |
| Taxes, remuneration and social security | 45 | - | €175 | +€175 | |
| Taxes | 450/3 | - | €175 | +€175 | |
| Other amounts payable | 47/48 | €415,244 | €367,332 | -€47,911 | -11.5% |
| Accrued charges and deferred income | 492/3 | €17,259 | €1,155 | -€16,104 | -93.3% |
| Non-recurring operating income | 76A | - | €3,629 | +€3,629 | |
| Other operating charges | 640/8 | €499 | €1,753 | +€1,253 | +251.0% |
| Gross operating margin | 9900 | -€12,217 | €478,000 | +€490,217 | |
| Operating profit (loss) | 9901 | -€12,717 | €476,247 | +€488,963 | |
| Financial income | 75/76B | €3,632 | €2,739 | -€893 | -24.6% |
| Recurring financial income | 75 | €3,632 | €2,739 | -€893 | -24.6% |
| Financial charges | 65/66B | €25,956 | €5,629 | -€20,328 | -78.3% |
| Recurring financial charges | 65 | €25,956 | €5,629 | -€20,328 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | -€35,041 | €473,357 | +€508,398 | |
| Profit (loss) for the period | 9904 | -€35,041 | €473,357 | +€508,398 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,041 | €473,357 | +€508,398 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.