BEUKENLAAN: 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.
What changed
BEUKENLAAN
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€140,233
2024 · €368,990-€228,757
Equity
€18.1m
2024 · €17.9m+€140,233
Cash
€544,450
2024 · €1.5m-€926,001
Balance sheet total
€18.2m
2024 · €18.3m-€67,679
Largest movements
Assets
- Cash -€926,001
down €926,001 (-63.0%), from €1.5m to €544,450
mainly Investment in fixed assets (net) (-€570,738) and Current investments (-€312,432)
- Tangible fixed assets +€492,160
up €492,160 (+15.0%), from €3.3m to €3.8m
of which Assets under construction and advance payments: +€552,515
- Current investments +€312,432
up €312,432 (+3.2%), from €9.7m to €10.0m
Equity and liabilities
- Other debts -€224,808
down €224,808 (-74.6%), from €301,401 to €76,593
Income statement
- Financial income -€351,684
down €351,684 (-24.7%), from €1.4m to €1.1m
of which Financial income: -€912,964
- Financial charges -€114,407
down €114,407 (-13.7%), from €835,993 to €721,586
of which Non-recurring financial charges: -€115,710
- Depreciation -€9,982
down €9,982 (-11.3%), from €88,559 to €78,577
- Taxes -€2,752
down €2,752 (-15.4%), from €17,925 to €15,174
- Gross operating margin +€2,266
up €2,266 (+2.2%), from -€104,295 to -€102,028
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.
Result 2024
€368,990
Gross operating margin
+€2,266
Depreciation
+€9,982
Other operating charges
+€977
Other operating items
-€6,733
Financial income
-€351,684
Financial charges
+€114,407
Taxes
+€2,752
Deferred taxes and other
-€723
Result 2025
€140,233
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€42,831
Investment
-€883,170
Financing
€0
Cash 2024
€1.5m
From operations (derived)
-€42,831
Net result for the year
+€140,233
Depreciation
+€78,577
Receivables after one year
-€72,831
Receivables within one year
+€17,837
Smaller working-capital items
+€2,147
Provisions
-€2,286
Trade debts
+€20,931
Tax, wage and social debts
-€2,633
Other debts
-€224,808
Investment (derived)
-€883,170
Investment in fixed assets (net)
-€570,738
Current investments
-€312,432
Cash 2025
€544,450
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,313,855 | €18,246,176 | -€67,679 | -0.4% |
| Fixed assets | 21/28 | €3,291,042 | €3,783,203 | +€492,160 | +15.0% |
| Tangible fixed assets | 22/27 | €3,290,795 | €3,782,955 | +€492,160 | +15.0% |
| Land and buildings | 22 | €3,277,725 | €3,196,091 | -€81,634 | -2.5% |
| Plant, machinery and equipment | 23 | €5,515 | €2,768 | -€2,747 | -49.8% |
| Furniture and vehicles | 24 | €7,555 | €6,625 | -€930 | -12.3% |
| Other tangible fixed assets | 26 | - | €24,956 | +€24,956 | |
| Assets under construction and advance payments | 27 | - | €552,515 | +€552,515 | |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €15,022,813 | €14,462,973 | -€559,840 | -3.7% |
| Amounts receivable after more than one year | 29 | €3,651,750 | €3,724,581 | +€72,831 | +2.0% |
| Other amounts receivable | 291 | €3,651,750 | €3,724,581 | +€72,831 | +2.0% |
| Amounts receivable within one year | 40/41 | €176,858 | €159,021 | -€17,837 | -10.1% |
| Trade receivables | 40 | €3,988 | €0 | -€3,988 | -100% |
| Other amounts receivable | 41 | €172,870 | €159,021 | -€13,849 | -8.0% |
| Current investments | 50/53 | €9,722,488 | €10,034,921 | +€312,432 | +3.2% |
| Cash at bank and in hand | 54/58 | €1,470,452 | €544,450 | -€926,001 | -63.0% |
| Deferred charges and accrued income | 490/1 | €1,264 | €0 | -€1,264 | -100% |
| Total equity and liabilities | 10/49 | €18,313,855 | €18,246,176 | -€67,679 | -0.4% |
| Equity | 10/15 | €17,944,279 | €18,084,512 | +€140,233 | +0.8% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Capital | 10 | €66,000 | €66,000 | = | 0.0% |
| Issued capital | 100 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €17,878,279 | €18,018,512 | +€140,233 | +0.8% |
| Non-distributable reserves | 130/1 | €180,600 | €180,600 | = | 0.0% |
| Legal reserve | 130 | €180,600 | €180,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €116,941 | €105,481 | -€11,460 | -9.8% |
| Distributable reserves | 133 | €17,580,737 | €17,732,431 | +€151,693 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €37,447 | €35,160 | -€2,286 | -6.1% |
| Deferred taxes | 168 | €37,447 | €35,160 | -€2,286 | -6.1% |
| Amounts payable | 17/49 | €332,130 | €126,504 | -€205,626 | -61.9% |
| Amounts payable within one year | 42/48 | €327,130 | €120,621 | -€206,509 | -63.1% |
| Trade debts | 44 | €7,927 | €28,859 | +€20,931 | +264% |
| Suppliers | 440/4 | €7,927 | €28,859 | +€20,931 | +264% |
| Taxes, remuneration and social security | 45 | €17,802 | €15,169 | -€2,633 | -14.8% |
| Taxes | 450/3 | €17,802 | €15,169 | -€2,633 | -14.8% |
| Other amounts payable | 47/48 | €301,401 | €76,593 | -€224,808 | -74.6% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,883 | +€883 | +17.7% |
| Non-recurring operating income | 76A | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,559 | €78,577 | -€9,982 | -11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,927 | €8,950 | -€977 | -9.8% |
| Non-recurring operating charges | 66A | - | €6,733 | +€6,733 | |
| Gross operating margin | 9900 | -€104,295 | -€102,028 | +€2,266 | +2.2% |
| Operating profit (loss) | 9901 | -€202,781 | -€196,289 | +€6,492 | +3.2% |
| Financial income | 75/76B | €1,422,680 | €1,070,996 | -€351,684 | -24.7% |
| Recurring financial income | 75 | €1,124,680 | €211,716 | -€912,964 | -81.2% |
| Non-recurring financial income | 76B | €298,000 | €859,280 | +€561,280 | +188% |
| Financial charges | 65/66B | €835,993 | €721,586 | -€114,407 | -13.7% |
| Recurring financial charges | 65 | €1,330 | €2,634 | +€1,304 | +98.0% |
| Non-recurring financial charges | 66B | €834,663 | €718,953 | -€115,710 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €383,906 | €153,121 | -€230,785 | -60.1% |
| Transfer from deferred taxes | 780 | €3,010 | €2,286 | -€723 | -24.0% |
| Income taxes | 67/77 | €17,925 | €15,174 | -€2,752 | -15.4% |
| Profit (loss) for the period | 9904 | €368,990 | €140,233 | -€228,757 | -62.0% |
| Transfer from tax-exempt reserves | 789 | €9,029 | €11,460 | +€2,431 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €378,019 | €151,693 | -€226,326 | -59.9% |
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 15 October 2026 via checked.be.