BEOBOUW: 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.
BEOBOUW
Largest movements
- Receivables within one year +€125,290
up €125,290 (+22.7%), from €551,282 to €676,571
of which Trade receivables: +€157,852
- Cash -€118,547
down €118,547 (-65.0%), from €182,404 to €63,858
mainly Receivables within one year (-€125,290) and Short-term financial debts (-€49,936)
- Tangible fixed assets -€34,639
down €34,639 (-17.7%), from €195,378 to €160,739
of which Leasing and similar rights: -€28,241
- Deferred charges and accrued income -€10,133
down €10,133 (-71.3%), from €14,208 to €4,075
- Profit (loss) carried forward +€110,172
up €110,172 (+19.4%), from €568,736 to €678,908
- Short-term financial debts -€49,936
down €49,936 (-35.2%), from €141,697 to €91,761
- Tax, wage and social debts -€35,714
down €35,714 (-90.9%), from €39,296 to €3,582
of which Taxes: -€37,292
- Trade debts -€34,262
down €34,262 (-85.3%), from €40,170 to €5,908
- Debts after one year -€29,472
down €29,472 (-24.5%), from €120,168 to €90,696
of which Financial debts: -€23,452
- Gross operating margin -€233,741
down €233,741 (-37.4%), from €625,497 to €391,755
- Taxes -€64,963
down €64,963 (-63.4%), from €102,388 to €37,425
- Depreciation +€26,438
up €26,438 (+103%), from €25,768 to €52,206
- Financial charges +€8,121
up €8,121 (+75.7%), from €10,723 to €18,844
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 | €943,635 | €905,606 | -€38,029 | -4.0% |
| Fixed assets | 21/28 | €195,741 | €161,102 | -€34,639 | -17.7% |
| Tangible fixed assets | 22/27 | €195,378 | €160,739 | -€34,639 | -17.7% |
| Furniture and vehicles | 24 | €62,019 | €55,621 | -€6,398 | -10.3% |
| Leasing and similar rights | 25 | €133,359 | €105,118 | -€28,241 | -21.2% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €747,894 | €744,504 | -€3,390 | -0.5% |
| Amounts receivable within one year | 40/41 | €551,282 | €676,571 | +€125,290 | +22.7% |
| Trade receivables | 40 | €194,743 | €352,595 | +€157,852 | +81.1% |
| Other amounts receivable | 41 | €356,538 | €323,976 | -€32,562 | -9.1% |
| Cash at bank and in hand | 54/58 | €182,404 | €63,858 | -€118,547 | -65.0% |
| Deferred charges and accrued income | 490/1 | €14,208 | €4,075 | -€10,133 | -71.3% |
| Total equity and liabilities | 10/49 | €943,635 | €905,606 | -€38,029 | -4.0% |
| Equity | 10/15 | €576,796 | €686,968 | +€110,172 | +19.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €568,736 | €678,908 | +€110,172 | +19.4% |
| Amounts payable | 17/49 | €366,839 | €218,638 | -€148,201 | -40.4% |
| Amounts payable after more than one year | 17 | €120,168 | €90,696 | -€29,472 | -24.5% |
| Financial debts | 170/4 | €114,148 | €90,696 | -€23,452 | -20.5% |
| Other amounts payable | 178/9 | €6,020 | - | -€6,020 | |
| Amounts payable within one year | 42/48 | €246,671 | €127,942 | -€118,729 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €20,508 | €21,691 | +€1,183 | +5.8% |
| Financial debts | 43 | €141,697 | €91,761 | -€49,936 | -35.2% |
| Credit institutions | 430/8 | €141,697 | €91,761 | -€49,936 | -35.2% |
| Trade debts | 44 | €40,170 | €5,908 | -€34,262 | -85.3% |
| Suppliers | 440/4 | €40,170 | €5,908 | -€34,262 | -85.3% |
| Taxes, remuneration and social security | 45 | €39,296 | €3,582 | -€35,714 | -90.9% |
| Taxes | 450/3 | €39,000 | €1,708 | -€37,292 | -95.6% |
| Remuneration and social security | 454/9 | €296 | €1,874 | +€1,578 | +533% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €164,965 | €164,838 | -€127 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,768 | €52,206 | +€26,438 | +103% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€570 | -€570 | |
| Other operating charges | 640/8 | €7,581 | €9,145 | +€1,564 | +20.6% |
| Gross operating margin | 9900 | €625,497 | €391,755 | -€233,741 | -37.4% |
| Operating profit (loss) | 9901 | €427,182 | €166,137 | -€261,045 | -61.1% |
| Financial income | 75/76B | €885 | €304 | -€581 | -65.6% |
| Recurring financial income | 75 | €885 | €304 | -€581 | -65.6% |
| Financial charges | 65/66B | €10,723 | €18,844 | +€8,121 | +75.7% |
| Recurring financial charges | 65 | €10,723 | €18,844 | +€8,121 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €417,344 | €147,597 | -€269,747 | -64.6% |
| Income taxes | 67/77 | €102,388 | €37,425 | -€64,963 | -63.4% |
| Profit (loss) for the period | 9904 | €314,956 | €110,172 | -€204,784 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €314,956 | €110,172 | -€204,784 | -65.0% |
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 16 October 2026 via checked.be.