BEEUWSAERT IMMO: 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.
BEEUWSAERT IMMO
Largest movements
- Tangible fixed assets +€233,194
up €233,194 (+4.9%), from €4.8m to €5.0m
of which Land and buildings: +€233,194
- Cash -€79,737
down €79,737 (-49.0%), from €162,862 to €83,125
mainly Investment in fixed assets (net) (-€448,385) and Short-term financial debts (-€65,467)
- Debts after one year +€110,000
up €110,000 (+8.9%), from €1.2m to €1.3m
- Short-term financial debts -€65,467
down €65,467 (-10.3%), from €638,300 to €572,833
- Reserves +€54,740
up €54,740 (+2.1%), from €2.6m to €2.7m
of which Distributable reserves: +€54,740
- Gross operating margin -€29,103
down €29,103 (-6.9%), from €423,225 to €394,122
- Depreciation +€19,705
up €19,705 (+10.1%), from €195,486 to €215,191
- Taxes -€14,471
down €14,471 (-44.1%), from €32,804 to €18,333
- Other operating charges +€9,664
up €9,664 (+20.1%), from €48,018 to €57,682
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 | €5,077,824 | €5,224,305 | +€146,480 | +2.9% |
| Fixed assets | 21/28 | €4,771,127 | €5,004,321 | +€233,194 | +4.9% |
| Tangible fixed assets | 22/27 | €4,762,558 | €4,995,752 | +€233,194 | +4.9% |
| Land and buildings | 22 | €3,908,449 | €4,141,644 | +€233,194 | +6.0% |
| Other tangible fixed assets | 26 | €854,108 | €854,108 | = | 0.0% |
| Financial fixed assets | 28 | €8,569 | €8,569 | = | 0.0% |
| Current assets | 29/58 | €306,698 | €219,984 | -€86,714 | -28.3% |
| Amounts receivable within one year | 40/41 | €16,059 | €34,092 | +€18,033 | +112% |
| Trade receivables | 40 | - | €5,482 | +€5,482 | |
| Other amounts receivable | 41 | €16,059 | €28,611 | +€12,551 | +78.2% |
| Cash at bank and in hand | 54/58 | €162,862 | €83,125 | -€79,737 | -49.0% |
| Deferred charges and accrued income | 490/1 | €127,776 | €102,767 | -€25,010 | -19.6% |
| Total equity and liabilities | 10/49 | €5,077,824 | €5,224,305 | +€146,480 | +2.9% |
| Equity | 10/15 | €2,939,822 | €2,994,562 | +€54,740 | +1.9% |
| Contributions | 10/11 | €311,222 | €311,222 | = | 0.0% |
| Reserves | 13 | €2,625,137 | €2,679,877 | +€54,740 | +2.1% |
| Tax-exempt reserves | 132 | €370,673 | €370,673 | = | 0.0% |
| Distributable reserves | 133 | €2,254,464 | €2,309,204 | +€54,740 | +2.4% |
| Investment grants | 15 | €3,463 | €3,463 | = | 0.0% |
| Amounts payable | 17/49 | €2,138,002 | €2,229,742 | +€91,740 | +4.3% |
| Amounts payable after more than one year | 17 | €1,238,333 | €1,348,334 | +€110,000 | +8.9% |
| Financial debts | 170/4 | €1,238,333 | €1,348,334 | +€110,000 | +8.9% |
| Amounts payable within one year | 42/48 | €899,669 | €880,579 | -€19,090 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €220,000 | €260,000 | +€40,000 | +18.2% |
| Financial debts | 43 | €638,300 | €572,833 | -€65,467 | -10.3% |
| Credit institutions | 430/8 | €638,300 | €572,833 | -€65,467 | -10.3% |
| Trade debts | 44 | €38,564 | €45,137 | +€6,573 | +17.0% |
| Suppliers | 440/4 | €38,564 | €45,137 | +€6,573 | +17.0% |
| Taxes, remuneration and social security | 45 | €2,804 | €2,609 | -€196 | -7.0% |
| Taxes | 450/3 | €2,804 | €2,609 | -€196 | -7.0% |
| Accrued charges and deferred income | 492/3 | - | €830 | +€830 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,486 | €215,191 | +€19,705 | +10.1% |
| Other operating charges | 640/8 | €48,018 | €57,682 | +€9,664 | +20.1% |
| Gross operating margin | 9900 | €423,225 | €394,122 | -€29,103 | -6.9% |
| Operating profit (loss) | 9901 | €179,721 | €121,249 | -€58,472 | -32.5% |
| Financial charges | 65/66B | €48,624 | €48,176 | -€448 | -0.9% |
| Recurring financial charges | 65 | €48,624 | €48,176 | -€448 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €131,097 | €73,073 | -€58,024 | -44.3% |
| Income taxes | 67/77 | €32,804 | €18,333 | -€14,471 | -44.1% |
| Profit (loss) for the period | 9904 | €98,293 | €54,740 | -€43,553 | -44.3% |
| Transfer from tax-exempt reserves | 789 | €57,424 | - | -€57,424 | |
| Profit (loss) for the period to be appropriated | 9905 | €155,717 | €54,740 | -€100,977 | -64.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.