Bever en Adelaar: 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.
Bever en Adelaar
Largest movements
- Tangible fixed assets -€23,168
down €23,168 (-8.9%), from €260,772 to €237,604
of which Land and buildings: -€15,451
- Receivables within one year -€17,474
down €17,474 (-16.3%), from €107,054 to €89,580
of which Trade receivables: -€15,518
- Financial fixed assets +€15,000
up €15,000 (+60.0%), from €25,000 to €40,000
- Cash -€6,570
down €6,570 (-17.9%), from €36,618 to €30,048
mainly Contributions, distributions and other (-€45,000) and Investment in fixed assets (net) (-€21,133)
- Reserves -€24,240
down €24,240 (-18.0%), from €134,640 to €110,400
- Debts after one year -€6,833
down €6,833 (-4.2%), from €164,237 to €157,404
- Short-term financial debts -€5,123
down €5,123 (-60.0%), from €8,532 to €3,409
- Current portion of long-term debt +€4,409
up €4,409 (+16.6%), from €26,574 to €30,983
- Gross operating margin +€6,751
up €6,751 (+11.1%), from €60,963 to €67,714
- Taxes +€1,928
up €1,928 (+27.3%), from €7,051 to €8,979
- Financial charges -€747
down €747 (-9.8%), from €7,624 to €6,877
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 | €436,285 | €400,212 | -€36,073 | -8.3% |
| Fixed assets | 21/28 | €285,772 | €277,604 | -€8,168 | -2.9% |
| Tangible fixed assets | 22/27 | €260,772 | €237,604 | -€23,168 | -8.9% |
| Land and buildings | 22 | €209,425 | €193,974 | -€15,451 | -7.4% |
| Plant, machinery and equipment | 23 | €10,437 | €8,359 | -€2,078 | -19.9% |
| Furniture and vehicles | 24 | €6,883 | €6,444 | -€439 | -6.4% |
| Other tangible fixed assets | 26 | €34,026 | €28,826 | -€5,200 | -15.3% |
| Financial fixed assets | 28 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Current assets | 29/58 | €150,513 | €122,608 | -€27,905 | -18.5% |
| Amounts receivable within one year | 40/41 | €107,054 | €89,580 | -€17,474 | -16.3% |
| Trade receivables | 40 | €104,174 | €88,656 | -€15,518 | -14.9% |
| Other amounts receivable | 41 | €2,881 | €924 | -€1,957 | -67.9% |
| Cash at bank and in hand | 54/58 | €36,618 | €30,048 | -€6,570 | -17.9% |
| Deferred charges and accrued income | 490/1 | €6,841 | €2,980 | -€3,861 | -56.4% |
| Total equity and liabilities | 10/49 | €436,285 | €400,212 | -€36,073 | -8.3% |
| Equity | 10/15 | €134,640 | €110,400 | -€24,240 | -18.0% |
| Reserves | 13 | €134,640 | €110,400 | -€24,240 | -18.0% |
| Distributable reserves | 133 | €134,640 | €110,400 | -€24,240 | -18.0% |
| Amounts payable | 17/49 | €301,645 | €289,812 | -€11,833 | -3.9% |
| Amounts payable after more than one year | 17 | €164,237 | €157,404 | -€6,833 | -4.2% |
| Financial debts | 170/4 | €164,237 | €157,404 | -€6,833 | -4.2% |
| Amounts payable within one year | 42/48 | €133,644 | €128,203 | -€5,441 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €26,574 | €30,983 | +€4,409 | +16.6% |
| Financial debts | 43 | €8,532 | €3,409 | -€5,123 | -60.0% |
| Credit institutions | 430/8 | €8,532 | €3,409 | -€5,123 | -60.0% |
| Trade debts | 44 | €7,585 | €8,150 | +€565 | +7.5% |
| Suppliers | 440/4 | €7,585 | €8,150 | +€565 | +7.5% |
| Taxes, remuneration and social security | 45 | €29,294 | €26,589 | -€2,705 | -9.2% |
| Taxes | 450/3 | €22,764 | €20,001 | -€2,763 | -12.1% |
| Remuneration and social security | 454/9 | €6,530 | €6,588 | +€58 | +0.9% |
| Other amounts payable | 47/48 | €61,659 | €59,072 | -€2,587 | -4.2% |
| Accrued charges and deferred income | 492/3 | €3,764 | €4,206 | +€442 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,746 | €29,301 | -€445 | -1.5% |
| Other operating charges | 640/8 | €2,205 | €2,403 | +€198 | +9.0% |
| Gross operating margin | 9900 | €60,963 | €67,714 | +€6,751 | +11.1% |
| Operating profit (loss) | 9901 | €29,013 | €36,011 | +€6,998 | +24.1% |
| Financial income | 75/76B | €356 | €604 | +€248 | +69.4% |
| Recurring financial income | 75 | €356 | €604 | +€248 | +69.4% |
| Financial charges | 65/66B | €7,624 | €6,877 | -€747 | -9.8% |
| Recurring financial charges | 65 | €7,624 | €6,877 | -€747 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €21,745 | €29,738 | +€7,993 | +36.8% |
| Income taxes | 67/77 | €7,051 | €8,979 | +€1,928 | +27.3% |
| Profit (loss) for the period | 9904 | €14,695 | €20,760 | +€6,065 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,695 | €20,760 | +€6,065 | +41.3% |
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 26 October 2026 via checked.be.