BEIRNAERT VG: 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.
BEIRNAERT VG
Largest movements
- Tangible fixed assets -€20,973
down €20,973 (-3.5%), from €598,598 to €577,625
of which Land and buildings: -€19,866
- Cash -€9,136
no longer reported in 2025 (was €9,136)
mainly Debts after one year (-€56,889) and Investment in fixed assets (net) (-€2,785)
- Debts after one year -€56,889
down €56,889 (-15.3%), from €371,089 to €314,200
- Reserves +€19,263
up €19,263 (+21.2%), from €90,711 to €109,974
of which Distributable reserves: +€19,263
- Other operating charges -€1,685
down €1,685 (-36.4%), from €4,627 to €2,942
- Gross operating margin -€1,080
down €1,080 (-1.8%), from €59,296 to €58,216
- Taxes +€794
up €794 (+14.1%), from €5,627 to €6,421
- Financial charges -€686
down €686 (-10.5%), from €6,517 to €5,831
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 | €615,588 | €584,335 | -€31,253 | -5.1% |
| Fixed assets | 21/28 | €598,598 | €577,625 | -€20,973 | -3.5% |
| Tangible fixed assets | 22/27 | €598,598 | €577,625 | -€20,973 | -3.5% |
| Land and buildings | 22 | €582,709 | €562,843 | -€19,866 | -3.4% |
| Furniture and vehicles | 24 | €15,889 | €14,782 | -€1,108 | -7.0% |
| Current assets | 29/58 | €16,990 | €6,710 | -€10,279 | -60.5% |
| Amounts receivable within one year | 40/41 | €5,000 | €1,079 | -€3,921 | -78.4% |
| Other amounts receivable | 41 | €5,000 | €1,079 | -€3,921 | -78.4% |
| Current investments | 50/53 | - | €2,642 | +€2,642 | |
| Cash at bank and in hand | 54/58 | €9,136 | - | -€9,136 | |
| Deferred charges and accrued income | 490/1 | €2,853 | €2,990 | +€136 | +4.8% |
| Total equity and liabilities | 10/49 | €615,588 | €584,335 | -€31,253 | -5.1% |
| Equity | 10/15 | €118,997 | €138,260 | +€19,263 | +16.2% |
| Contributions | 10/11 | €28,286 | €28,286 | = | 0.0% |
| Reserves | 13 | €90,711 | €109,974 | +€19,263 | +21.2% |
| Tax-exempt reserves | 132 | €1,601 | €1,601 | = | 0.0% |
| Distributable reserves | 133 | €89,109 | €108,372 | +€19,263 | +21.6% |
| Amounts payable | 17/49 | €496,591 | €446,075 | -€50,516 | -10.2% |
| Amounts payable after more than one year | 17 | €371,089 | €314,200 | -€56,889 | -15.3% |
| Financial debts | 170/4 | €371,089 | €314,200 | -€56,889 | -15.3% |
| Amounts payable within one year | 42/48 | €125,432 | €131,739 | +€6,307 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €57,345 | €56,889 | -€456 | -0.8% |
| Trade debts | 44 | €5,130 | €10,536 | +€5,406 | +105% |
| Suppliers | 440/4 | €5,130 | €10,536 | +€5,406 | +105% |
| Taxes, remuneration and social security | 45 | €748 | €409 | -€339 | -45.3% |
| Taxes | 450/3 | €748 | €409 | -€339 | -45.3% |
| Other amounts payable | 47/48 | €62,208 | €63,905 | +€1,697 | +2.7% |
| Accrued charges and deferred income | 492/3 | €70 | €136 | +€66 | +93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,641 | €23,758 | +€118 | +0.5% |
| Other operating charges | 640/8 | €4,627 | €2,942 | -€1,685 | -36.4% |
| Gross operating margin | 9900 | €59,296 | €58,216 | -€1,080 | -1.8% |
| Operating profit (loss) | 9901 | €31,028 | €31,515 | +€488 | +1.6% |
| Financial charges | 65/66B | €6,517 | €5,831 | -€686 | -10.5% |
| Recurring financial charges | 65 | €6,517 | €5,831 | -€686 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €24,511 | €25,684 | +€1,173 | +4.8% |
| Income taxes | 67/77 | €5,627 | €6,421 | +€794 | +14.1% |
| Profit (loss) for the period | 9904 | €18,883 | €19,263 | +€380 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,883 | €19,263 | +€380 | +2.0% |
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 25 October 2026 via checked.be.