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 +€112,590
up €112,590 (+82.0%), from €137,300 to €249,889
mainly Other debts (+€98,292) and Net result for the year (+€89,791)
- Tangible fixed assets -€18,651
down €18,651 (-18.9%), from €98,785 to €80,134
of which Furniture and vehicles: -€15,849
- Receivables after one year -€14,577
down €14,577 (-2.6%), from €556,458 to €541,881
- Other debts +€98,292
up €98,292 (+1733.6%), from €5,670 to €103,962
- Financial income +€7,690
up €7,690 (+59.1%), from €13,023 to €20,713
- Depreciation +€6,866
up €6,866 (+54.4%), from €12,610 to €19,477
- Gross operating margin -€4,685
down €4,685 (-3.9%), from €120,936 to €116,251
- Other operating charges -€1,729
down €1,729 (-38.3%), from €4,517 to €2,788
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 | €986,050 | €1,073,591 | +€87,541 | +8.9% |
| Fixed assets | 21/28 | €98,785 | €80,134 | -€18,651 | -18.9% |
| Tangible fixed assets | 22/27 | €98,785 | €80,134 | -€18,651 | -18.9% |
| Land and buildings | 22 | €28,537 | €25,181 | -€3,356 | -11.8% |
| Plant, machinery and equipment | 23 | €794 | €1,348 | +€554 | +69.7% |
| Furniture and vehicles | 24 | €69,454 | €53,605 | -€15,849 | -22.8% |
| Current assets | 29/58 | €887,265 | €993,457 | +€106,192 | +12.0% |
| Amounts receivable after more than one year | 29 | €556,458 | €541,881 | -€14,577 | -2.6% |
| Other amounts receivable | 291 | €556,458 | €541,881 | -€14,577 | -2.6% |
| Amounts receivable within one year | 40/41 | - | €700 | +€700 | |
| Other amounts receivable | 41 | - | €700 | +€700 | |
| Current investments | 50/53 | €151,188 | €152,115 | +€927 | +0.6% |
| Cash at bank and in hand | 54/58 | €137,300 | €249,889 | +€112,590 | +82.0% |
| Deferred charges and accrued income | 490/1 | €42,319 | €48,872 | +€6,553 | +15.5% |
| Total equity and liabilities | 10/49 | €986,050 | €1,073,591 | +€87,541 | +8.9% |
| Equity | 10/15 | €963,367 | €953,158 | -€10,209 | -1.1% |
| Contributions | 10/11 | €20,462 | €20,462 | = | 0.0% |
| Reserves | 13 | €76,418 | €76,418 | = | 0.0% |
| Distributable reserves | 133 | €76,418 | €76,418 | = | 0.0% |
| Profit (loss) carried forward | 14 | €866,487 | €856,278 | -€10,209 | -1.2% |
| Amounts payable | 17/49 | €22,684 | €120,433 | +€97,750 | +430.9% |
| Amounts payable within one year | 42/48 | €22,684 | €120,433 | +€97,750 | +430.9% |
| Trade debts | 44 | €6,322 | €8,766 | +€2,444 | +38.7% |
| Suppliers | 440/4 | €6,322 | €8,766 | +€2,444 | +38.7% |
| Taxes, remuneration and social security | 45 | €10,692 | €7,705 | -€2,987 | -27.9% |
| Taxes | 450/3 | €10,692 | €7,705 | -€2,987 | -27.9% |
| Other amounts payable | 47/48 | €5,670 | €103,962 | +€98,292 | +1733.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,610 | €19,477 | +€6,866 | +54.4% |
| Other operating charges | 640/8 | €4,517 | €2,788 | -€1,729 | -38.3% |
| Gross operating margin | 9900 | €120,936 | €116,251 | -€4,685 | -3.9% |
| Operating profit (loss) | 9901 | €103,808 | €93,986 | -€9,822 | -9.5% |
| Financial income | 75/76B | €13,023 | €20,713 | +€7,690 | +59.1% |
| Recurring financial income | 75 | €13,023 | €20,713 | +€7,690 | +59.1% |
| Financial charges | 65/66B | €327 | €210 | -€117 | -35.7% |
| Recurring financial charges | 65 | €327 | €210 | -€117 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €116,503 | €114,489 | -€2,015 | -1.7% |
| Income taxes | 67/77 | €25,130 | €24,697 | -€433 | -1.7% |
| Profit (loss) for the period | 9904 | €91,373 | €89,791 | -€1,581 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €91,373 | €89,791 | -€1,581 | -1.7% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.