BEIRART: 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.
BEIRART
Largest movements
- Receivables within one year +€62,924
up €62,924 (+46.2%), from €136,246 to €199,170
of which Trade receivables: +€69,199
- Deferred charges and accrued income +€18,321
up €18,321 (+278.5%), from €6,579 to €24,900
- Cash -€16,128
down €16,128 (-98.8%), from €16,328 to €200
mainly Receivables within one year (-€62,924) and Deferred charges and accrued income (-€18,321)
- Tangible fixed assets +€4,539
up €4,539 (+39.6%), from €11,472 to €16,011
of which Furniture and vehicles: +€6,975
- Trade debts +€35,684
up €35,684 (+140.7%), from €25,354 to €61,038
- Short-term financial debts +€23,978
new in 2025: €23,978
- Profit (loss) carried forward +€10,649
up €10,649 (+8.8%), from €120,922 to €131,571
- Gross operating margin +€14,776
up €14,776 (+77.3%), from €19,121 to €33,896
- Other operating charges +€12,728
up €12,728 (+364.6%), from €3,491 to €16,219
- Depreciation +€4,311
up €4,311 (+229.0%), from €1,883 to €6,194
- Financial income +€3,868
up €3,868 (+575.7%), from €672 to €4,539
- Financial charges -€1,400
down €1,400 (-48.0%), from €2,916 to €1,517
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 | €170,625 | €240,281 | +€69,656 | +40.8% |
| Fixed assets | 21/28 | €11,472 | €16,011 | +€4,539 | +39.6% |
| Tangible fixed assets | 22/27 | €11,472 | €16,011 | +€4,539 | +39.6% |
| Plant, machinery and equipment | 23 | €11,472 | €9,036 | -€2,436 | -21.2% |
| Furniture and vehicles | 24 | - | €6,975 | +€6,975 | |
| Current assets | 29/58 | €159,153 | €224,270 | +€65,117 | +40.9% |
| Amounts receivable within one year | 40/41 | €136,246 | €199,170 | +€62,924 | +46.2% |
| Trade receivables | 40 | €126,006 | €195,205 | +€69,199 | +54.9% |
| Other amounts receivable | 41 | €10,239 | €3,964 | -€6,275 | -61.3% |
| Cash at bank and in hand | 54/58 | €16,328 | €200 | -€16,128 | -98.8% |
| Deferred charges and accrued income | 490/1 | €6,579 | €24,900 | +€18,321 | +278.5% |
| Total equity and liabilities | 10/49 | €170,625 | €240,281 | +€69,656 | +40.8% |
| Equity | 10/15 | €141,382 | €152,031 | +€10,649 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,922 | €131,571 | +€10,649 | +8.8% |
| Amounts payable | 17/49 | €29,243 | €88,250 | +€59,008 | +201.8% |
| Amounts payable within one year | 42/48 | €29,243 | €88,250 | +€59,008 | +201.8% |
| Current portion of amounts payable after more than one year | 42 | €1,262 | €1,255 | -€7 | -0.6% |
| Financial debts | 43 | - | €23,978 | +€23,978 | |
| Credit institutions | 430/8 | - | €23,978 | +€23,978 | |
| Trade debts | 44 | €25,354 | €61,038 | +€35,684 | +140.7% |
| Suppliers | 440/4 | €25,354 | €61,038 | +€35,684 | +140.7% |
| Taxes, remuneration and social security | 45 | €2,627 | €1,979 | -€648 | -24.7% |
| Taxes | 450/3 | €2,627 | €1,979 | -€648 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,883 | €6,194 | +€4,311 | +229.0% |
| Other operating charges | 640/8 | €3,491 | €16,219 | +€12,728 | +364.6% |
| Gross operating margin | 9900 | €19,121 | €33,896 | +€14,776 | +77.3% |
| Operating profit (loss) | 9901 | €13,747 | €11,484 | -€2,263 | -16.5% |
| Financial income | 75/76B | €672 | €4,539 | +€3,868 | +575.7% |
| Recurring financial income | 75 | €672 | €4,539 | +€3,868 | +575.7% |
| Financial charges | 65/66B | €2,916 | €1,517 | -€1,400 | -48.0% |
| Recurring financial charges | 65 | €2,916 | €1,517 | -€1,400 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €11,502 | €14,506 | +€3,004 | +26.1% |
| Income taxes | 67/77 | €3,410 | €3,858 | +€447 | +13.1% |
| Profit (loss) for the period | 9904 | €8,092 | €10,649 | +€2,557 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,092 | €10,649 | +€2,557 | +31.6% |
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 12 October 2026 via checked.be.