BEIRINCKX: 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.
BEIRINCKX
Largest movements
- Cash +€96,300
up €96,300 (+43.5%), from €221,533 to €317,833
mainly Net result for the year (+€99,557) and Other debts (+€30,931)
- Reserves +€35,823
up €35,823 (+7.7%), from €462,767 to €498,590
of which Distributable reserves: +€35,823
- Other debts +€30,931
up €30,931 (+49.5%), from €62,484 to €93,414
- Tax, wage and social debts +€12,457
up €12,457 (+6559.8%), from €190 to €12,647
of which Taxes: +€10,846
- Short-term financial debts +€12,000
up €12,000 (+60.0%), from €20,000 to €32,000
- Gross operating margin +€90,344
up €90,344 (+82.6%), from €109,438 to €199,782
- Taxes +€23,328
up €23,328 (+119.5%), from €19,518 to €42,846
- Staff costs +€16,961
up €16,961 (+541.2%), from €3,134 to €20,095
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 | €668,473 | €767,456 | +€98,983 | +14.8% |
| Fixed assets | 21/28 | €257,144 | €264,118 | +€6,974 | +2.7% |
| Tangible fixed assets | 22/27 | €232,144 | €239,118 | +€6,974 | +3.0% |
| Land and buildings | 22 | €177,620 | €165,330 | -€12,290 | -6.9% |
| Plant, machinery and equipment | 23 | €5,832 | €17,868 | +€12,036 | +206.4% |
| Furniture and vehicles | 24 | €38,814 | €43,211 | +€4,397 | +11.3% |
| Other tangible fixed assets | 26 | €9,878 | €12,709 | +€2,831 | +28.7% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €411,330 | €503,338 | +€92,008 | +22.4% |
| Amounts receivable within one year | 40/41 | €70,219 | €65,757 | -€4,462 | -6.4% |
| Trade receivables | 40 | €31,149 | €39,503 | +€8,354 | +26.8% |
| Other amounts receivable | 41 | €39,070 | €26,254 | -€12,816 | -32.8% |
| Current investments | 50/53 | €119,370 | €119,370 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €221,533 | €317,833 | +€96,300 | +43.5% |
| Deferred charges and accrued income | 490/1 | €208 | €378 | +€170 | +81.7% |
| Total equity and liabilities | 10/49 | €668,473 | €767,456 | +€98,983 | +14.8% |
| Equity | 10/15 | €481,367 | €517,190 | +€35,823 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €462,767 | €498,590 | +€35,823 | +7.7% |
| Tax-exempt reserves | 132 | €14,928 | €14,928 | = | 0.0% |
| Distributable reserves | 133 | €447,839 | €483,662 | +€35,823 | +8.0% |
| Amounts payable | 17/49 | €187,107 | €250,266 | +€63,159 | +33.8% |
| Amounts payable after more than one year | 17 | €70,986 | €71,612 | +€626 | +0.9% |
| Financial debts | 170/4 | €70,986 | €71,612 | +€626 | +0.9% |
| Amounts payable within one year | 42/48 | €116,121 | €178,654 | +€62,533 | +53.9% |
| Current portion of amounts payable after more than one year | 42 | €10,615 | €11,997 | +€1,381 | +13.0% |
| Financial debts | 43 | €20,000 | €32,000 | +€12,000 | +60.0% |
| Credit institutions | 430/8 | €20,000 | €32,000 | +€12,000 | +60.0% |
| Trade debts | 44 | €22,832 | €28,596 | +€5,764 | +25.2% |
| Suppliers | 440/4 | €22,832 | €28,596 | +€5,764 | +25.2% |
| Taxes, remuneration and social security | 45 | €190 | €12,647 | +€12,457 | +6559.8% |
| Taxes | 450/3 | €18 | €10,864 | +€10,846 | +60321.2% |
| Remuneration and social security | 454/9 | €172 | €1,783 | +€1,611 | +937.3% |
| Other amounts payable | 47/48 | €62,484 | €93,414 | +€30,931 | +49.5% |
| Non-recurring operating income | 76A | - | €7,728 | +€7,728 | |
| Remuneration, social security and pensions | 62 | €3,134 | €20,095 | +€16,961 | +541.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,186 | €27,980 | -€205 | -0.7% |
| Other operating charges | 640/8 | €3,254 | €3,071 | -€183 | -5.6% |
| Gross operating margin | 9900 | €109,438 | €199,782 | +€90,344 | +82.6% |
| Operating profit (loss) | 9901 | €74,864 | €148,635 | +€73,772 | +98.5% |
| Financial income | 75/76B | €846 | €1,101 | +€256 | +30.2% |
| Recurring financial income | 75 | €846 | €1,101 | +€256 | +30.2% |
| Financial charges | 65/66B | €8,157 | €7,334 | -€823 | -10.1% |
| Recurring financial charges | 65 | €8,157 | €7,334 | -€823 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €67,552 | €142,402 | +€74,850 | +110.8% |
| Income taxes | 67/77 | €19,518 | €42,846 | +€23,328 | +119.5% |
| Profit (loss) for the period | 9904 | €48,034 | €99,557 | +€51,522 | +107.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,034 | €99,557 | +€51,522 | +107.3% |
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.