BEQUE HANS: 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.
BEQUE HANS
Largest movements
- Tangible fixed assets -€155,996
down €155,996 (-33.1%), from €471,579 to €315,583
of which Land and buildings: -€150,400
- Cash +€58,533
up €58,533 (+14.0%), from €417,005 to €475,538
mainly Investment in fixed assets (net) (+€145,014) and Current investments (+€25,343)
- Current investments -€25,343
down €25,343 (-12.6%), from €201,180 to €175,837
- Reserves -€88,764
down €88,764 (-10.5%), from €847,902 to €759,138
- Debts after one year -€32,200
down €32,200 (-18.7%), from €172,651 to €140,451
- Financial income -€116,885
down €116,885 (-93.4%), from €125,176 to €8,291
- Gross operating margin -€97,620
down €97,620, from €86,519 to -€11,101
- Depreciation -€19,795
down €19,795 (-64.3%), from €30,776 to €10,982
- Taxes -€8,105
down €8,105 (-96.7%), from €8,379 to €274
- Other operating charges -€3,141
down €3,141 (-51.0%), from €6,162 to €3,021
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 | €1,090,902 | €971,846 | -€119,056 | -10.9% |
| Fixed assets | 21/28 | €471,579 | €315,583 | -€155,996 | -33.1% |
| Tangible fixed assets | 22/27 | €471,579 | €315,583 | -€155,996 | -33.1% |
| Land and buildings | 22 | €464,410 | €314,010 | -€150,400 | -32.4% |
| Plant, machinery and equipment | 23 | €2,132 | €806 | -€1,326 | -62.2% |
| Furniture and vehicles | 24 | €4,383 | €440 | -€3,943 | -90.0% |
| Other tangible fixed assets | 26 | €653 | €327 | -€327 | -50.0% |
| Current assets | 29/58 | €619,323 | €656,263 | +€36,940 | +6.0% |
| Amounts receivable within one year | 40/41 | €1,138 | €4,887 | +€3,749 | +329.5% |
| Trade receivables | 40 | €1,138 | €1,138 | = | 0.0% |
| Other amounts receivable | 41 | - | €3,749 | +€3,749 | |
| Current investments | 50/53 | €201,180 | €175,837 | -€25,343 | -12.6% |
| Cash at bank and in hand | 54/58 | €417,005 | €475,538 | +€58,533 | +14.0% |
| Total equity and liabilities | 10/49 | €1,090,902 | €971,846 | -€119,056 | -10.9% |
| Equity | 10/15 | €860,302 | €771,538 | -€88,764 | -10.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €847,902 | €759,138 | -€88,764 | -10.5% |
| Distributable reserves | 133 | €847,902 | €759,138 | -€88,764 | -10.5% |
| Amounts payable | 17/49 | €230,600 | €200,308 | -€30,292 | -13.1% |
| Amounts payable after more than one year | 17 | €172,651 | €140,451 | -€32,200 | -18.7% |
| Financial debts | 170/4 | €172,651 | €140,451 | -€32,200 | -18.7% |
| Amounts payable within one year | 42/48 | €57,949 | €59,857 | +€1,908 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €31,806 | €32,200 | +€394 | +1.2% |
| Trade debts | 44 | €685 | €1,542 | +€857 | +125.1% |
| Suppliers | 440/4 | €685 | €1,542 | +€857 | +125.1% |
| Taxes, remuneration and social security | 45 | €17,681 | €22,818 | +€5,137 | +29.1% |
| Taxes | 450/3 | €17,681 | €17,218 | -€463 | -2.6% |
| Remuneration and social security | 454/9 | - | €5,600 | +€5,600 | |
| Other amounts payable | 47/48 | €7,777 | €3,298 | -€4,480 | -57.6% |
| Non-recurring operating income | 76A | €16,215 | - | -€16,215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,776 | €10,982 | -€19,795 | -64.3% |
| Other operating charges | 640/8 | €6,162 | €3,021 | -€3,141 | -51.0% |
| Non-recurring operating charges | 66A | - | €62,851 | +€62,851 | |
| Gross operating margin | 9900 | €86,519 | -€11,101 | -€97,620 | |
| Operating profit (loss) | 9901 | €49,580 | -€87,955 | -€137,536 | |
| Financial income | 75/76B | €125,176 | €8,291 | -€116,885 | -93.4% |
| Recurring financial income | 75 | €125,176 | €8,291 | -€116,885 | -93.4% |
| Financial charges | 65/66B | €7,954 | €8,826 | +€871 | +11.0% |
| Recurring financial charges | 65 | €7,954 | €8,826 | +€871 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €166,802 | -€88,490 | -€255,293 | |
| Income taxes | 67/77 | €8,379 | €274 | -€8,105 | -96.7% |
| Profit (loss) for the period | 9904 | €158,423 | -€88,764 | -€247,187 | |
| Profit (loss) for the period to be appropriated | 9905 | €158,423 | -€88,764 | -€247,187 |
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 2 October 2026 via checked.be.