BEVA - INVEST: 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
BEVA - INVEST
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€810,914
2024 · €1.6m-€776,896
Equity
€7.8m
2024 · €7.2m+€610,914
Cash
€223,211
2024 · €391,832-€168,621
Balance sheet total
€19.5m
2024 · €20.5m-€928,438
Largest movements
Assets
- Tangible fixed assets -€735,422
down €735,422 (-5.9%), from €12.4m to €11.7m
of which Land and buildings: -€717,865
- Stocks and contracts -€685,831
down €685,831 (-9.4%), from €7.3m to €6.6m
- Receivables within one year +€636,284
up €636,284 (+246%), from €258,794 to €895,078
of which Trade receivables: +€636,220
Equity and liabilities
- Other debts -€3.1m
down €3.1m (-23.4%), from €13.0m to €10.0m
- Short-term financial debts +€1.6m
new in 2025: €1.6m
- Reserves +€611,000
up €611,000 (+16.7%), from €3.7m to €4.3m
of which Tax-exempt reserves: +€421,000
Income statement
- Gross operating margin -€632,582
down €632,582 (-31.6%), from €2.0m to €1.4m
- Taxes +€188,405
up €188,405 (+1,314%), from €14,343 to €202,749
- Financial charges -€51,311
down €51,311 (-30.7%), from €167,203 to €115,891
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
€1.6m
Gross operating margin
-€632,582
Depreciation
+€2,944
Other operating charges
-€5,194
Financial income
-€4,969
Financial charges
+€51,311
Taxes
-€188,405
Result 2025
€810,914
raises the resultlowers the result
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
-€2.1m
Investment
+€550,457
Financing
+€1.4m
Cash 2024
€391,832
From operations (derived)
-€2.1m
Net result for the year
+€810,914
Depreciation
+€184,966
Stocks and contracts
+€685,831
Receivables within one year
-€636,284
Deferred charges and accrued income
-€25,152
Trade debts
-€22,946
Tax, wage and social debts
-€14,573
Advances received
-€1,662
Other debts
-€3.1m
Accrued charges and deferred income
-€22,824
Investment (derived)
+€550,457
Investment in fixed assets (net)
+€550,457
Financing
+€1.4m
Short-term financial debts
+€1.6m
Contributions, distributions and other
-€200,000
Cash 2025
€223,211
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,459,153 | €19,530,715 | -€928,438 | -4.5% |
| Fixed assets | 21/28 | €12,521,919 | €11,786,496 | -€735,422 | -5.9% |
| Tangible fixed assets | 22/27 | €12,421,919 | €11,686,496 | -€735,422 | -5.9% |
| Land and buildings | 22 | €12,356,444 | €11,638,579 | -€717,865 | -5.8% |
| Plant, machinery and equipment | 23 | €61,679 | €47,825 | -€13,855 | -22.5% |
| Furniture and vehicles | 24 | €3,795 | €93 | -€3,703 | -97.6% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €7,937,235 | €7,744,219 | -€193,016 | -2.4% |
| Stocks and contracts in progress | 3 | €7,281,584 | €6,595,753 | -€685,831 | -9.4% |
| Stocks | 30/36 | €7,281,584 | €6,595,753 | -€685,831 | -9.4% |
| Amounts receivable within one year | 40/41 | €258,794 | €895,078 | +€636,284 | +246% |
| Trade receivables | 40 | €258,794 | €895,014 | +€636,220 | +246% |
| Other amounts receivable | 41 | - | €64 | +€64 | |
| Cash at bank and in hand | 54/58 | €391,832 | €223,211 | -€168,621 | -43.0% |
| Deferred charges and accrued income | 490/1 | €5,025 | €30,177 | +€25,152 | +500% |
| Total equity and liabilities | 10/49 | €20,459,153 | €19,530,715 | -€928,438 | -4.5% |
| Equity | 10/15 | €7,183,986 | €7,794,900 | +€610,914 | +8.5% |
| Contributions | 10/11 | €67,266 | €67,266 | = | 0.0% |
| Capital | 10 | €67,266 | €67,266 | = | 0.0% |
| Issued capital | 100 | €67,266 | €67,266 | = | 0.0% |
| Revaluation surpluses | 12 | €3,374,132 | €3,374,132 | = | 0.0% |
| Reserves | 13 | €3,661,727 | €4,272,727 | +€611,000 | +16.7% |
| Non-distributable reserves | 130/1 | €6,727 | €6,727 | = | 0.0% |
| Legal reserve | 130 | €6,727 | €6,727 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €421,000 | +€421,000 | |
| Distributable reserves | 133 | €3,655,000 | €3,845,000 | +€190,000 | +5.2% |
| Profit (loss) carried forward | 14 | €80,862 | €80,776 | -€86 | -0.1% |
| Amounts payable | 17/49 | €13,275,167 | €11,735,815 | -€1.5m | -11.6% |
| Amounts payable within one year | 42/48 | €13,252,344 | €11,735,815 | -€1.5m | -11.4% |
| Financial debts | 43 | - | €1,580,000 | +€1.6m | |
| Credit institutions | 430/8 | - | €1,580,000 | +€1.6m | |
| Trade debts | 44 | €117,641 | €94,695 | -€22,946 | -19.5% |
| Suppliers | 440/4 | €117,641 | €94,695 | -€22,946 | -19.5% |
| Advances received on contracts in progress | 46 | €1,662 | - | -€1,662 | |
| Taxes, remuneration and social security | 45 | €95,040 | €80,468 | -€14,573 | -15.3% |
| Taxes | 450/3 | €95,040 | €80,468 | -€14,573 | -15.3% |
| Other amounts payable | 47/48 | €13,038,000 | €9,980,652 | -€3.1m | -23.4% |
| Accrued charges and deferred income | 492/3 | €22,824 | - | -€22,824 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,910 | €184,966 | -€2,944 | -1.6% |
| Other operating charges | 640/8 | €59,611 | €64,805 | +€5,194 | +8.7% |
| Gross operating margin | 9900 | €2,002,099 | €1,369,516 | -€632,582 | -31.6% |
| Operating profit (loss) | 9901 | €1,754,577 | €1,119,745 | -€634,832 | -36.2% |
| Financial income | 75/76B | €14,779 | €9,809 | -€4,969 | -33.6% |
| Recurring financial income | 75 | €14,779 | €9,809 | -€4,969 | -33.6% |
| Financial charges | 65/66B | €167,203 | €115,891 | -€51,311 | -30.7% |
| Recurring financial charges | 65 | €167,203 | €115,891 | -€51,311 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €1,602,154 | €1,013,663 | -€588,490 | -36.7% |
| Income taxes | 67/77 | €14,343 | €202,749 | +€188,405 | +1,314% |
| Profit (loss) for the period | 9904 | €1,587,810 | €810,914 | -€776,896 | -48.9% |
| Transfer to tax-exempt reserves | 689 | - | €421,000 | +€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,587,810 | €389,914 | -€1.2m | -75.4% |
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 26 October 2026 via checked.be.