Beets Grondwerken: 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.
Beets Grondwerken
Largest movements
- Tangible fixed assets -€61,668
down €61,668 (-16.7%), from €370,350 to €308,682
- Cash +€31,329
up €31,329 (+35.0%), from €89,408 to €120,737
mainly Depreciation (+€67,529) and Net result for the year (+€18,306)
- Stocks and contracts +€9,719
new in 2025: €9,719
of which Contracts in progress: +€9,000
- Debts after one year -€35,474
down €35,474 (-14.8%), from €239,512 to €204,039
- Profit (loss) carried forward +€9,395
no longer reported in 2025 (was -€9,395)
- Reserves +€8,911
up €8,911 (+10.2%), from €87,684 to €96,595
- Trade debts -€5,845
down €5,845 (-33.1%), from €17,654 to €11,809
- Tax, wage and social debts +€5,743
up €5,743 (+15,319%), from €37 to €5,780
- Depreciation +€2,536
up €2,536 (+3.9%), from €64,992 to €67,529
- Gross operating margin +€1,301
up €1,301 (+1.4%), from €94,259 to €95,560
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 | €475,970 | €456,678 | -€19,292 | -4.1% |
| Fixed assets | 21/28 | €370,350 | €308,682 | -€61,668 | -16.7% |
| Tangible fixed assets | 22/27 | €370,350 | €308,682 | -€61,668 | -16.7% |
| Land and buildings | 22 | €257,357 | €240,665 | -€16,692 | -6.5% |
| Plant, machinery and equipment | 23 | €55,828 | €40,321 | -€15,507 | -27.8% |
| Furniture and vehicles | 24 | €57,165 | €27,697 | -€29,468 | -51.5% |
| Current assets | 29/58 | €105,620 | €147,995 | +€42,375 | +40.1% |
| Stocks and contracts in progress | 3 | - | €9,719 | +€9,719 | |
| Stocks | 30/36 | - | €719 | +€719 | |
| Contracts in progress | 37 | - | €9,000 | +€9,000 | |
| Amounts receivable within one year | 40/41 | €12,363 | €13,470 | +€1,107 | +9.0% |
| Trade receivables | 40 | €5,911 | €12,885 | +€6,974 | +118% |
| Other amounts receivable | 41 | €6,452 | €585 | -€5,867 | -90.9% |
| Cash at bank and in hand | 54/58 | €89,408 | €120,737 | +€31,329 | +35.0% |
| Deferred charges and accrued income | 490/1 | €3,849 | €4,070 | +€221 | +5.7% |
| Total equity and liabilities | 10/49 | €475,970 | €456,678 | -€19,292 | -4.1% |
| Equity | 10/15 | €96,889 | €115,195 | +€18,306 | +18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,684 | €96,595 | +€8,911 | +10.2% |
| Distributable reserves | 133 | €87,684 | €96,595 | +€8,911 | +10.2% |
| Profit (loss) carried forward | 14 | -€9,395 | - | +€9,395 | |
| Amounts payable | 17/49 | €379,081 | €341,483 | -€37,598 | -9.9% |
| Amounts payable after more than one year | 17 | €239,512 | €204,039 | -€35,474 | -14.8% |
| Financial debts | 170/4 | €239,512 | €204,039 | -€35,474 | -14.8% |
| Amounts payable within one year | 42/48 | €139,568 | €137,435 | -€2,133 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €40,491 | €35,474 | -€5,017 | -12.4% |
| Trade debts | 44 | €17,654 | €11,809 | -€5,845 | -33.1% |
| Suppliers | 440/4 | €17,654 | €11,809 | -€5,845 | -33.1% |
| Advances received on contracts in progress | 46 | €1,500 | €5,699 | +€4,199 | +280% |
| Taxes, remuneration and social security | 45 | €37 | €5,780 | +€5,743 | +15,319% |
| Taxes | 450/3 | €37 | €5,780 | +€5,743 | +15,319% |
| Other amounts payable | 47/48 | €79,886 | €78,674 | -€1,212 | -1.5% |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Non-recurring operating income | 76A | €1,699 | - | -€1,699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,992 | €67,529 | +€2,536 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €450 | €225 | -€225 | -50.0% |
| Other operating charges | 640/8 | €4,448 | €4,486 | +€38 | +0.9% |
| Gross operating margin | 9900 | €94,259 | €95,560 | +€1,301 | +1.4% |
| Operating profit (loss) | 9901 | €24,369 | €23,320 | -€1,049 | -4.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.0% |
| Financial charges | 65/66B | €4,722 | €4,123 | -€598 | -12.7% |
| Recurring financial charges | 65 | €4,722 | €4,123 | -€598 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €19,648 | €19,197 | -€451 | -2.3% |
| Income taxes | 67/77 | - | €891 | +€891 | |
| Profit (loss) for the period | 9904 | €19,648 | €18,306 | -€1,343 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,648 | €18,306 | -€1,343 | -6.8% |
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 24 October 2026 via checked.be.