BEUCKELAERS: 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.
BEUCKELAERS
Largest movements
- Tangible fixed assets +€750,422
up €750,422 (+107%), from €698,915 to €1.4m
of which Land and buildings: +€751,177
- Cash -€204,896
down €204,896 (-97.3%), from €210,592 to €5,697
mainly Investment in fixed assets (net) (-€775,540) and Other debts (-€83,256)
- Debts after one year +€508,776
up €508,776 (+126%), from €402,797 to €911,573
- Current portion of long-term debt +€86,517
up €86,517 (+264%), from €32,729 to €119,246
- Other debts -€83,256
down €83,256 (-30.2%), from €275,366 to €192,110
- Tax, wage and social debts -€72,824
down €72,824 (-91.3%), from €79,780 to €6,956
of which Taxes: -€72,825
- Reserves +€72,380
up €72,380 (+7.1%), from €1.0m to €1.1m
- Financial income -€349,755
down €349,755 (-99.9%), from €350,000 to €245
- Taxes -€38,709
down €38,709 (-58.5%), from €66,190 to €27,481
- Gross operating margin -€31,722
down €31,722 (-16.3%), from €195,028 to €163,306
- Depreciation -€24,141
down €24,141 (-49.0%), from €49,260 to €25,118
- Financial charges +€9,548
up €9,548 (+36.6%), from €26,108 to €35,656
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 | €2,173,760 | €2,727,619 | +€553,858 | +25.5% |
| Fixed assets | 21/28 | €1,848,205 | €2,598,627 | +€750,422 | +40.6% |
| Tangible fixed assets | 22/27 | €698,915 | €1,449,337 | +€750,422 | +107% |
| Land and buildings | 22 | €695,958 | €1,447,134 | +€751,177 | +108% |
| Plant, machinery and equipment | 23 | €406 | €263 | -€143 | -35.1% |
| Furniture and vehicles | 24 | €2,551 | €1,939 | -€612 | -24.0% |
| Financial fixed assets | 28 | €1,149,290 | €1,149,290 | = | 0.0% |
| Current assets | 29/58 | €325,555 | €128,992 | -€196,563 | -60.4% |
| Amounts receivable within one year | 40/41 | €110,726 | €121,540 | +€10,814 | +9.8% |
| Trade receivables | 40 | €16,940 | - | -€16,940 | |
| Other amounts receivable | 41 | €93,786 | €121,540 | +€27,754 | +29.6% |
| Cash at bank and in hand | 54/58 | €210,592 | €5,697 | -€204,896 | -97.3% |
| Deferred charges and accrued income | 490/1 | €4,236 | €1,755 | -€2,482 | -58.6% |
| Total equity and liabilities | 10/49 | €2,173,760 | €2,727,619 | +€553,858 | +25.5% |
| Equity | 10/15 | €1,376,352 | €1,448,742 | +€72,389 | +5.3% |
| Contributions | 10/11 | €357,500 | €357,500 | = | 0.0% |
| Reserves | 13 | €1,017,471 | €1,089,851 | +€72,380 | +7.1% |
| Distributable reserves | 133 | €1,017,471 | €1,089,851 | +€72,380 | +7.1% |
| Profit (loss) carried forward | 14 | €1,381 | €1,391 | +€9 | +0.7% |
| Amounts payable | 17/49 | €797,408 | €1,278,877 | +€481,469 | +60.4% |
| Amounts payable after more than one year | 17 | €402,797 | €911,573 | +€508,776 | +126% |
| Financial debts | 170/4 | €402,797 | €911,573 | +€508,776 | +126% |
| Amounts payable within one year | 42/48 | €390,972 | €363,326 | -€27,646 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €32,729 | €119,246 | +€86,517 | +264% |
| Financial debts | 43 | - | €41,385 | +€41,385 | |
| Credit institutions | 430/8 | - | €41,385 | +€41,385 | |
| Trade debts | 44 | €3,097 | €3,630 | +€533 | +17.2% |
| Suppliers | 440/4 | €3,097 | €3,630 | +€533 | +17.2% |
| Taxes, remuneration and social security | 45 | €79,780 | €6,956 | -€72,824 | -91.3% |
| Taxes | 450/3 | €77,435 | €4,611 | -€72,825 | -94.0% |
| Remuneration and social security | 454/9 | €2,345 | €2,346 | +€1 | 0.0% |
| Other amounts payable | 47/48 | €275,366 | €192,110 | -€83,256 | -30.2% |
| Accrued charges and deferred income | 492/3 | €3,639 | €3,978 | +€339 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,260 | €25,118 | -€24,141 | -49.0% |
| Other operating charges | 640/8 | €2,498 | €2,906 | +€408 | +16.3% |
| Gross operating margin | 9900 | €195,028 | €163,306 | -€31,722 | -16.3% |
| Operating profit (loss) | 9901 | €143,270 | €135,281 | -€7,989 | -5.6% |
| Financial income | 75/76B | €350,000 | €245 | -€349,755 | -99.9% |
| Recurring financial income | 75 | €350,000 | €245 | -€349,755 | -99.9% |
| Financial charges | 65/66B | €26,108 | €35,656 | +€9,548 | +36.6% |
| Recurring financial charges | 65 | €26,108 | €35,656 | +€9,548 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €467,162 | €99,870 | -€367,291 | -78.6% |
| Income taxes | 67/77 | €66,190 | €27,481 | -€38,709 | -58.5% |
| Profit (loss) for the period | 9904 | €400,972 | €72,389 | -€328,582 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €400,972 | €72,389 | -€328,582 | -81.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.