BEEUSAERT: 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.
BEEUSAERT
Largest movements
- Tangible fixed assets +€20,456
up €20,456 (+3.2%), from €636,786 to €657,242
of which Furniture and vehicles: +€45,400
- Stocks and contracts +€16,337
up €16,337 (+46.5%), from €35,097 to €51,434
- Cash +€16,224
up €16,224 (+26.1%), from €62,266 to €78,490
mainly Depreciation (+€69,537) and Other debts (+€49,832)
- Other debts +€49,832
up €49,832 (+24.7%), from €201,468 to €251,301
- Debts after one year +€13,734
up €13,734 (+23.2%), from €59,216 to €72,950
- Trade debts -€10,922
down €10,922 (-13.3%), from €82,112 to €71,190
- Short-term financial debts -€10,000
down €10,000 (-11.1%), from €90,000 to €80,000
- Current portion of long-term debt +€10,000
up €10,000 (+28.9%), from €34,600 to €44,600
- Depreciation +€11,127
up €11,127 (+19.1%), from €58,409 to €69,537
- Taxes -€1,306
down €1,306 (-62.6%), from €2,086 to €780
- Gross operating margin +€1,079
up €1,079 (+1.2%), from €90,338 to €91,417
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 | €800,110 | €852,904 | +€52,794 | +6.6% |
| Fixed assets | 21/28 | €636,786 | €657,242 | +€20,456 | +3.2% |
| Tangible fixed assets | 22/27 | €636,786 | €657,242 | +€20,456 | +3.2% |
| Land and buildings | 22 | €543,440 | €516,910 | -€26,530 | -4.9% |
| Plant, machinery and equipment | 23 | €3,318 | €3,540 | +€222 | +6.7% |
| Furniture and vehicles | 24 | €43,053 | €88,453 | +€45,400 | +105% |
| Other tangible fixed assets | 26 | €46,975 | €48,339 | +€1,364 | +2.9% |
| Current assets | 29/58 | €163,324 | €195,662 | +€32,337 | +19.8% |
| Stocks and contracts in progress | 3 | €35,097 | €51,434 | +€16,337 | +46.5% |
| Stocks | 30/36 | €35,097 | €51,434 | +€16,337 | +46.5% |
| Amounts receivable within one year | 40/41 | €61,366 | €57,425 | -€3,942 | -6.4% |
| Trade receivables | 40 | €55,607 | €55,665 | +€58 | +0.1% |
| Other amounts receivable | 41 | €5,760 | €1,760 | -€4,000 | -69.4% |
| Cash at bank and in hand | 54/58 | €62,266 | €78,490 | +€16,224 | +26.1% |
| Deferred charges and accrued income | 490/1 | €4,595 | €8,313 | +€3,719 | +80.9% |
| Total equity and liabilities | 10/49 | €800,110 | €852,904 | +€52,794 | +6.6% |
| Equity | 10/15 | €325,602 | €326,238 | +€637 | +0.2% |
| Contributions | 10/11 | €386,000 | €386,000 | = | 0.0% |
| Capital | 10 | €386,000 | €386,000 | = | 0.0% |
| Issued capital | 100 | €386,000 | €386,000 | = | 0.0% |
| Reserves | 13 | €20,852 | €20,852 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Legal reserve | 130 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €2,252 | €2,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,251 | -€80,614 | +€637 | +0.8% |
| Amounts payable | 17/49 | €474,509 | €526,666 | +€52,157 | +11.0% |
| Amounts payable after more than one year | 17 | €59,216 | €72,950 | +€13,734 | +23.2% |
| Financial debts | 170/4 | €59,216 | €72,950 | +€13,734 | +23.2% |
| Amounts payable within one year | 42/48 | €414,191 | €453,716 | +€39,525 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €34,600 | €44,600 | +€10,000 | +28.9% |
| Financial debts | 43 | €90,000 | €80,000 | -€10,000 | -11.1% |
| Credit institutions | 430/8 | €90,000 | €80,000 | -€10,000 | -11.1% |
| Trade debts | 44 | €82,112 | €71,190 | -€10,922 | -13.3% |
| Suppliers | 440/4 | €82,112 | €71,190 | -€10,922 | -13.3% |
| Taxes, remuneration and social security | 45 | €6,010 | €6,625 | +€615 | +10.2% |
| Taxes | 450/3 | €6,010 | €6,625 | +€615 | +10.2% |
| Other amounts payable | 47/48 | €201,468 | €251,301 | +€49,832 | +24.7% |
| Accrued charges and deferred income | 492/3 | €1,102 | - | -€1,102 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,409 | €69,537 | +€11,127 | +19.1% |
| Other operating charges | 640/8 | €13,261 | €12,417 | -€844 | -6.4% |
| Gross operating margin | 9900 | €90,338 | €91,417 | +€1,079 | +1.2% |
| Operating profit (loss) | 9901 | €18,668 | €9,463 | -€9,204 | -49.3% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €7,540 | €8,047 | +€507 | +6.7% |
| Recurring financial charges | 65 | €7,540 | €8,047 | +€507 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €11,133 | €1,417 | -€9,716 | -87.3% |
| Income taxes | 67/77 | €2,086 | €780 | -€1,306 | -62.6% |
| Profit (loss) for the period | 9904 | €9,047 | €637 | -€8,410 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,047 | €637 | -€8,410 | -93.0% |
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 21 October 2026 via checked.be.