Beland: 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.
Beland
Largest movements
- Cash +€78,053
up €78,053 (+90.7%), from €86,088 to €164,141
mainly Net result for the year (+€137,649) and Depreciation (+€31,766)
- Tangible fixed assets -€20,374
down €20,374 (-4.6%), from €442,425 to €422,051
- Receivables within one year -€8,958
down €8,958 (-23.7%), from €37,867 to €28,909
of which Trade receivables: -€8,952
- Profit (loss) carried forward +€137,649
up €137,649 (+33.8%), from €407,225 to €544,874
- Debts after one year -€89,504
no longer reported in 2025 (was €89,504)
- Other debts -€16,707
down €16,707 (-99.1%), from €16,864 to €157
- Tax, wage and social debts +€13,936
up €13,936 (+19.0%), from €73,347 to €87,283
of which Taxes: +€11,959
- Gross operating margin +€80,032
up €80,032 (+54.3%), from €147,518 to €227,550
- Taxes +€22,287
up €22,287 (+74.8%), from €29,777 to €52,064
- Financial income +€2,395
up €2,395 (+10966.5%), from €22 to €2,417
of which Financial income: +€1,836
- Other operating charges +€2,386
up €2,386 (+516.4%), from €462 to €2,849
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 | €598,190 | €643,760 | +€45,570 | +7.6% |
| Fixed assets | 21/28 | €472,521 | €447,163 | -€25,359 | -5.4% |
| Intangible fixed assets | 21 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Tangible fixed assets | 22/27 | €442,425 | €422,051 | -€20,374 | -4.6% |
| Land and buildings | 22 | €363,276 | €356,306 | -€6,970 | -1.9% |
| Plant, machinery and equipment | 23 | €42,532 | €36,993 | -€5,539 | -13.0% |
| Furniture and vehicles | 24 | €36,617 | €28,752 | -€7,865 | -21.5% |
| Financial fixed assets | 28 | €96 | €111 | +€15 | +15.6% |
| Current assets | 29/58 | €125,668 | €196,597 | +€70,929 | +56.4% |
| Amounts receivable within one year | 40/41 | €37,867 | €28,909 | -€8,958 | -23.7% |
| Trade receivables | 40 | €37,862 | €28,909 | -€8,952 | -23.6% |
| Other amounts receivable | 41 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €86,088 | €164,141 | +€78,053 | +90.7% |
| Deferred charges and accrued income | 490/1 | €1,713 | €3,547 | +€1,834 | +107.0% |
| Total equity and liabilities | 10/49 | €598,190 | €643,760 | +€45,570 | +7.6% |
| Equity | 10/15 | €417,225 | €554,874 | +€137,649 | +33.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €407,225 | €544,874 | +€137,649 | +33.8% |
| Amounts payable | 17/49 | €180,965 | €88,886 | -€92,079 | -50.9% |
| Amounts payable after more than one year | 17 | €89,504 | - | -€89,504 | |
| Financial debts | 170/4 | €89,504 | - | -€89,504 | |
| Amounts payable within one year | 42/48 | €91,461 | €88,886 | -€2,575 | -2.8% |
| Trade debts | 44 | €1,250 | €1,446 | +€196 | +15.7% |
| Suppliers | 440/4 | €1,250 | €1,446 | +€196 | +15.7% |
| Taxes, remuneration and social security | 45 | €73,347 | €87,283 | +€13,936 | +19.0% |
| Taxes | 450/3 | €73,347 | €85,306 | +€11,959 | +16.3% |
| Remuneration and social security | 454/9 | - | €1,976 | +€1,976 | |
| Other amounts payable | 47/48 | €16,864 | €157 | -€16,707 | -99.1% |
| Remuneration, social security and pensions | 62 | €1,224 | -€512 | -€1,736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,836 | €31,766 | +€1,930 | +6.5% |
| Other operating charges | 640/8 | €462 | €2,849 | +€2,386 | +516.4% |
| Gross operating margin | 9900 | €147,518 | €227,550 | +€80,032 | +54.3% |
| Operating profit (loss) | 9901 | €115,996 | €193,447 | +€77,451 | +66.8% |
| Financial income | 75/76B | €22 | €2,417 | +€2,395 | +10966.5% |
| Recurring financial income | 75 | €22 | €1,858 | +€1,836 | +8407.6% |
| Non-recurring financial income | 76B | - | €559 | +€559 | |
| Financial charges | 65/66B | €6,937 | €6,151 | -€786 | -11.3% |
| Recurring financial charges | 65 | €6,937 | €6,151 | -€786 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €109,081 | €189,713 | +€80,632 | +73.9% |
| Income taxes | 67/77 | €29,777 | €52,064 | +€22,287 | +74.8% |
| Profit (loss) for the period | 9904 | €79,304 | €137,649 | +€58,345 | +73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,304 | €137,649 | +€58,345 | +73.6% |
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 10 October 2026 via checked.be.