BEEUWSAERT CONSTRUCT: 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.
What changed
BEEUWSAERT CONSTRUCT
NACE 41.003, General construction of other non-residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5.1m
2024 · €5.3m-€226,309
Equity
€9.0m
2024 · €7.9m+€1.1m
Cash
€5.1m
2024 · €4.7m+€445,662
Balance sheet total
€31.3m
2024 · €35.1m-€3.7m
Largest movements
Assets
- Current investments -€2.6m
down €2.6m (-50.8%), from €5.1m to €2.5m
- Tangible fixed assets -€1.4m
down €1.4m (-19.1%), from €7.6m to €6.2m
of which Leasing and similar rights: -€1.2m
- Cash +€445,662
up €445,662 (+9.5%), from €4.7m to €5.1m
mainly Net result for the year (+€5.1m) and Trade debts (+€2.8m)
Equity and liabilities
- Advances received -€3.2m
down €3.2m (-78.9%), from €4.1m to €864,550
- Other debts -€3.0m
down €3.0m (-40.0%), from €7.4m to €4.5m
- Trade debts +€2.8m
up €2.8m (+34.6%), from €8.1m to €10.9m
- Debts after one year -€1.3m
down €1.3m (-36.6%), from €3.5m to €2.2m
- Reserves +€1.1m
up €1.1m (+13.7%), from €7.8m to €8.9m
of which Distributable reserves: +€1.2m
Income statement
- Goods and materials -€2.0m
down €2.0m (-2.4%), from €84.5m to €82.5m
of which Purchases: -€2.1m
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.
Result 2024
€5.3m
Turnover
-€766,057
Other operating income
+€72,084
Goods and materials
+€2.0m
Services and other goods
-€117,841
Staff costs
-€918,177
Depreciation
-€388,349
Write-downs
-€263,879
Provisions
+€282,099
Other operating charges
-€6,556
Other operating items
-€194,677
Financial income
-€202,799
Financial charges
+€127,245
Taxes
+€136,500
Result 2025
€5.1m
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.
From operations
+€4.5m
Investment
+€1.3m
Financing
-€5.4m
Cash 2024
€4.7m
From operations (derived)
+€4.5m
Net result for the year
+€5.1m
Depreciation
+€2.7m
Stocks and contracts
+€4,509
Receivables within one year
+€73,455
Deferred charges and accrued income
+€42,546
Provisions
-€117,099
Trade debts
+€2.8m
Tax, wage and social debts
+€113,194
Advances received
-€3.2m
Other debts
-€3.0m
Investment (derived)
+€1.3m
Investment in fixed assets (net)
-€1.3m
Current investments
+€2.6m
Financing
-€5.4m
Debts after one year
-€1.3m
Current portion of long-term debt
-€111,519
Contributions, distributions and other
-€4.0m
Cash 2025
€5.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,062,412 | €31,348,837 | -€3.7m | -10.6% |
| Fixed assets | 21/28 | €7,609,263 | €6,159,728 | -€1.4m | -19.0% |
| Tangible fixed assets | 22/27 | €7,603,227 | €6,153,692 | -€1.4m | -19.1% |
| Land and buildings | 22 | €1,616,022 | €1,888,843 | +€272,821 | +16.9% |
| Plant, machinery and equipment | 23 | €1,824,709 | €1,364,164 | -€460,546 | -25.2% |
| Furniture and vehicles | 24 | €679,874 | €612,205 | -€67,668 | -10.0% |
| Leasing and similar rights | 25 | €3,482,621 | €2,288,480 | -€1.2m | -34.3% |
| Financial fixed assets | 28 | €6,036 | €6,036 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,036 | €6,036 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,036 | €6,036 | = | 0.0% |
| Current assets | 29/58 | €27,453,149 | €25,189,109 | -€2.3m | -8.2% |
| Stocks and contracts in progress | 3 | €1,441,696 | €1,437,187 | -€4,509 | -0.3% |
| Stocks | 30/36 | €1,441,696 | €1,437,187 | -€4,509 | -0.3% |
| Goods purchased for resale | 34 | €210,378 | €205,869 | -€4,509 | -2.1% |
| Property held for sale | 35 | €1,231,318 | €1,231,318 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,863,746 | €15,790,291 | -€73,455 | -0.5% |
| Trade receivables | 40 | €14,222,755 | €14,025,743 | -€197,012 | -1.4% |
| Other amounts receivable | 41 | €1,640,991 | €1,764,548 | +€123,557 | +7.5% |
| Current investments | 50/53 | €5,093,125 | €2,503,933 | -€2.6m | -50.8% |
| Other investments | 51/53 | €5,093,125 | €2,503,933 | -€2.6m | -50.8% |
| Cash at bank and in hand | 54/58 | €4,678,153 | €5,123,814 | +€445,662 | +9.5% |
| Deferred charges and accrued income | 490/1 | €376,430 | €333,884 | -€42,546 | -11.3% |
| Total equity and liabilities | 10/49 | €35,062,412 | €31,348,837 | -€3.7m | -10.6% |
| Equity | 10/15 | €7,882,581 | €8,953,533 | +€1.1m | +13.6% |
| Contributions | 10/11 | €36,567 | €36,567 | = | 0.0% |
| Reserves | 13 | €7,827,630 | €8,900,555 | +€1.1m | +13.7% |
| Tax-exempt reserves | 132 | €105,250 | - | -€105,250 | |
| Distributable reserves | 133 | €7,722,380 | €8,900,555 | +€1.2m | +15.3% |
| Investment grants | 15 | €18,384 | €16,411 | -€1,973 | -10.7% |
| Provisions and deferred taxes | 16 | €267,099 | €150,000 | -€117,099 | -43.8% |
| Provisions for liabilities and charges | 160/5 | €267,099 | €150,000 | -€117,099 | -43.8% |
| Other liabilities and charges | 164/5 | €267,099 | €150,000 | -€117,099 | -43.8% |
| Amounts payable | 17/49 | €26,912,731 | €22,245,304 | -€4.7m | -17.3% |
| Amounts payable after more than one year | 17 | €3,494,245 | €2,214,292 | -€1.3m | -36.6% |
| Financial debts | 170/4 | €3,494,245 | €2,214,292 | -€1.3m | -36.6% |
| Leasing and similar obligations | 172 | €2,054,072 | €1,164,669 | -€889,404 | -43.3% |
| Credit institutions | 173 | €1,440,173 | €1,049,624 | -€390,549 | -27.1% |
| Amounts payable within one year | 42/48 | €23,418,486 | €20,031,011 | -€3.4m | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €2,210,861 | €2,099,342 | -€111,519 | -5.0% |
| Trade debts | 44 | €8,136,395 | €10,948,580 | +€2.8m | +34.6% |
| Suppliers | 440/4 | €8,136,395 | €10,948,580 | +€2.8m | +34.6% |
| Advances received on contracts in progress | 46 | €4,096,500 | €864,550 | -€3.2m | -78.9% |
| Taxes, remuneration and social security | 45 | €1,553,979 | €1,667,173 | +€113,194 | +7.3% |
| Taxes | 450/3 | €665,587 | €639,426 | -€26,161 | -3.9% |
| Remuneration and social security | 454/9 | €888,392 | €1,027,747 | +€139,356 | +15.7% |
| Other amounts payable | 47/48 | €7,420,750 | €4,451,366 | -€3.0m | -40.0% |
| Operating income | 70/76A | €113,583,502 | €112,723,284 | -€860,218 | -0.8% |
| Turnover | 70 | €112,798,199 | €112,032,142 | -€766,057 | -0.7% |
| Own construction capitalised | 72 | €57,000 | - | -€57,000 | |
| Other operating income | 74 | €574,067 | €646,151 | +€72,084 | +12.6% |
| Non-recurring operating income | 76A | €154,237 | €44,991 | -€109,245 | -70.8% |
| Operating charges | 60/66A | €106,977,665 | €106,404,701 | -€572,964 | -0.5% |
| Goods for resale, raw materials and consumables | 60 | €84,487,078 | €82,472,980 | -€2.0m | -2.4% |
| Purchases | 600/8 | €84,607,230 | €82,468,471 | -€2.1m | -2.5% |
| Change in stocks: decrease (increase) | 609 | -€120,152 | €4,509 | +€124,661 | |
| Services and other goods | 61 | €11,337,160 | €11,455,001 | +€117,841 | +1.0% |
| Remuneration, social security and pensions | 62 | €8,414,633 | €9,332,810 | +€918,177 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,356,728 | €2,745,077 | +€388,349 | +16.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,073 | €293,952 | +€263,879 | +877.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €165,000 | -€117,099 | -€282,099 | |
| Other operating charges | 640/8 | €182,044 | €188,600 | +€6,556 | +3.6% |
| Non-recurring operating charges | 66A | €4,949 | €33,381 | +€28,432 | +574.5% |
| Operating profit (loss) | 9901 | €6,605,838 | €6,318,583 | -€287,254 | -4.3% |
| Financial income | 75/76B | €881,545 | €678,746 | -€202,799 | -23.0% |
| Recurring financial income | 75 | €881,545 | €678,746 | -€202,799 | -23.0% |
| Income from current assets | 751 | €184,349 | €86,910 | -€97,439 | -52.9% |
| Other financial income | 752/9 | €697,196 | €591,836 | -€105,360 | -15.1% |
| Financial charges | 65/66B | €373,511 | €246,267 | -€127,245 | -34.1% |
| Recurring financial charges | 65 | €373,511 | €246,267 | -€127,245 | -34.1% |
| Debt charges | 650 | €201,806 | €195,882 | -€5,924 | -2.9% |
| Other financial charges | 652/9 | €171,705 | €50,385 | -€121,321 | -70.7% |
| Profit (loss) for the period before taxes | 9903 | €7,113,872 | €6,751,063 | -€362,809 | -5.1% |
| Income taxes | 67/77 | €1,814,638 | €1,678,138 | -€136,500 | -7.5% |
| Taxes | 670/3 | €1,814,638 | €1,678,138 | -€136,500 | -7.5% |
| Profit (loss) for the period | 9904 | €5,299,234 | €5,072,925 | -€226,309 | -4.3% |
| Transfer from tax-exempt reserves | 789 | €631,500 | €105,250 | -€526,250 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,930,734 | €5,178,175 | -€752,559 | -12.7% |
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 4 October 2026 via checked.be.