BEYAERT: 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.
BEYAERT
Largest movements
- Cash +€18,128
up €18,128 (+35.7%), from €50,849 to €68,977
mainly Net result for the year (+€43,030) and Depreciation (+€3,507)
- Tangible fixed assets +€5,632
up €5,632 (+117.7%), from €4,785 to €10,417
- Receivables within one year +€3,349
up €3,349 (+27.4%), from €12,209 to €15,558
of which Other amounts receivable: +€2,709
- Reserves +€32,821
up €32,821 (+100.1%), from €32,784 to €65,605
of which Distributable reserves: +€32,821
- Current portion of long-term debt -€13,889
down €13,889 (-100.0%), from €13,889 to €0
- Profit (loss) carried forward +€10,208
up €10,208, from -€10,208 to €0
- Trade debts -€3,777
down €3,777 (-26.1%), from €14,453 to €10,676
- Tax, wage and social debts +€1,882
up €1,882 (+70.2%), from €2,680 to €4,562
of which Taxes: +€4,186
- Gross operating margin +€17,471
up €17,471 (+36.3%), from €48,189 to €65,660
- Depreciation -€16,324
down €16,324 (-82.3%), from €19,831 to €3,507
- Taxes +€10,104
up €10,104 (+134.1%), from €7,533 to €17,637
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 | €72,430 | €99,436 | +€27,006 | +37.3% |
| Fixed assets | 21/28 | €7,815 | €12,721 | +€4,906 | +62.8% |
| Intangible fixed assets | 21 | €3,030 | €2,304 | -€726 | -24.0% |
| Tangible fixed assets | 22/27 | €4,785 | €10,417 | +€5,632 | +117.7% |
| Land and buildings | 22 | €47 | €0 | -€47 | -100.0% |
| Plant, machinery and equipment | 23 | €4,087 | €5,508 | +€1,421 | +34.8% |
| Furniture and vehicles | 24 | €651 | €2,710 | +€2,059 | +316.5% |
| Other tangible fixed assets | 26 | €0 | €2,199 | +€2,199 | |
| Current assets | 29/58 | €64,615 | €86,715 | +€22,100 | +34.2% |
| Amounts receivable within one year | 40/41 | €12,209 | €15,558 | +€3,349 | +27.4% |
| Trade receivables | 40 | €237 | €877 | +€641 | +270.7% |
| Other amounts receivable | 41 | €11,972 | €14,681 | +€2,709 | +22.6% |
| Cash at bank and in hand | 54/58 | €50,849 | €68,977 | +€18,128 | +35.7% |
| Deferred charges and accrued income | 490/1 | €1,557 | €2,179 | +€622 | +40.0% |
| Total equity and liabilities | 10/49 | €72,430 | €99,436 | +€27,006 | +37.3% |
| Equity | 10/15 | €41,168 | €84,197 | +€43,030 | +104.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €32,784 | €65,605 | +€32,821 | +100.1% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,962 | €1,962 | = | 0.0% |
| Distributable reserves | 133 | €27,104 | €59,925 | +€32,821 | +121.1% |
| Profit (loss) carried forward | 14 | -€10,208 | €0 | +€10,208 | |
| Amounts payable | 17/49 | €31,262 | €15,239 | -€16,023 | -51.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €31,022 | €15,239 | -€15,784 | -50.9% |
| Current portion of amounts payable after more than one year | 42 | €13,889 | €0 | -€13,889 | -100.0% |
| Trade debts | 44 | €14,453 | €10,676 | -€3,777 | -26.1% |
| Suppliers | 440/4 | €14,453 | €10,676 | -€3,777 | -26.1% |
| Taxes, remuneration and social security | 45 | €2,680 | €4,562 | +€1,882 | +70.2% |
| Taxes | 450/3 | €376 | €4,562 | +€4,186 | +1113.8% |
| Remuneration and social security | 454/9 | €2,304 | €0 | -€2,304 | -100.0% |
| Accrued charges and deferred income | 492/3 | €240 | €0 | -€240 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,831 | €3,507 | -€16,324 | -82.3% |
| Other operating charges | 640/8 | €2,105 | €2,078 | -€26 | -1.2% |
| Gross operating margin | 9900 | €48,189 | €65,660 | +€17,471 | +36.3% |
| Operating profit (loss) | 9901 | €26,254 | €60,075 | +€33,821 | +128.8% |
| Financial income | 75/76B | €690 | €1,011 | +€320 | +46.4% |
| Recurring financial income | 75 | €690 | €1,011 | +€320 | +46.4% |
| Financial charges | 65/66B | €885 | €418 | -€466 | -52.7% |
| Recurring financial charges | 65 | €885 | €418 | -€466 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €26,060 | €60,667 | +€34,607 | +132.8% |
| Income taxes | 67/77 | €7,533 | €17,637 | +€10,104 | +134.1% |
| Profit (loss) for the period | 9904 | €18,527 | €43,030 | +€24,503 | +132.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,527 | €43,030 | +€24,503 | +132.3% |
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 12 October 2026 via checked.be.