BEYERS: what changed
Two fiscal 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.
BEYERS
Largest movements
- Receivables within one year +€22,846
up €22,846 (+25.1%), from €90,879 to €113,726
of which Trade receivables: +€22,890
- Tangible fixed assets -€15,629
down €15,629 (-39.1%), from €39,984 to €24,355
of which Furniture and vehicles: -€14,966
- Stocks and contracts -€15,052
down €15,052 (-47.0%), from €32,000 to €16,948
- Cash +€5,971
up €5,971 (+4.2%), from €140,806 to €146,777
mainly Net result for the year (+€30,977) and Other debts (+€29,934)
- Deferred charges and accrued income +€5,106
up €5,106 (+339.3%), from €1,505 to €6,611
- Other debts +€29,934
new in 2025: €29,934
- Trade debts -€19,576
down €19,576 (-47.3%), from €41,378 to €21,802
- Debts after one year -€9,496
down €9,496 (-49.2%), from €19,305 to €9,809
- Tax, wage and social debts +€3,887
up €3,887 (+82.5%), from €4,713 to €8,600
of which Taxes: +€5,727
- Gross operating margin +€40,597
up €40,597 (+14.7%), from €275,639 to €316,235
- Staff costs +€21,275
up €21,275 (+9.4%), from €226,187 to €247,462
- Taxes +€6,551
up €6,551 (+71.4%), from €9,176 to €15,727
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 | €305,175 | €308,417 | +€3,242 | +1.1% |
| Fixed assets | 21/28 | €39,984 | €24,355 | -€15,629 | -39.1% |
| Tangible fixed assets | 22/27 | €39,984 | €24,355 | -€15,629 | -39.1% |
| Plant, machinery and equipment | 23 | €2,145 | €1,482 | -€663 | -30.9% |
| Furniture and vehicles | 24 | €37,840 | €22,873 | -€14,966 | -39.6% |
| Current assets | 29/58 | €265,190 | €284,062 | +€18,872 | +7.1% |
| Stocks and contracts in progress | 3 | €32,000 | €16,948 | -€15,052 | -47.0% |
| Contracts in progress | 37 | €32,000 | €16,948 | -€15,052 | -47.0% |
| Amounts receivable within one year | 40/41 | €90,879 | €113,726 | +€22,846 | +25.1% |
| Trade receivables | 40 | €77,669 | €100,559 | +€22,890 | +29.5% |
| Other amounts receivable | 41 | €13,210 | €13,167 | -€43 | -0.3% |
| Cash at bank and in hand | 54/58 | €140,806 | €146,777 | +€5,971 | +4.2% |
| Deferred charges and accrued income | 490/1 | €1,505 | €6,611 | +€5,106 | +339.3% |
| Total equity and liabilities | 10/49 | €305,175 | €308,417 | +€3,242 | +1.1% |
| Equity | 10/15 | €227,734 | €228,777 | +€1,043 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €221,534 | €222,577 | +€1,043 | +0.5% |
| Distributable reserves | 133 | €221,534 | €222,577 | +€1,043 | +0.5% |
| Amounts payable | 17/49 | €77,441 | €79,640 | +€2,199 | +2.8% |
| Amounts payable after more than one year | 17 | €19,305 | €9,809 | -€9,496 | -49.2% |
| Financial debts | 170/4 | €19,305 | €9,809 | -€9,496 | -49.2% |
| Amounts payable within one year | 42/48 | €55,284 | €69,831 | +€14,548 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €9,193 | €9,496 | +€303 | +3.3% |
| Trade debts | 44 | €41,378 | €21,802 | -€19,576 | -47.3% |
| Suppliers | 440/4 | €41,378 | €21,802 | -€19,576 | -47.3% |
| Taxes, remuneration and social security | 45 | €4,713 | €8,600 | +€3,887 | +82.5% |
| Taxes | 450/3 | - | €5,727 | +€5,727 | |
| Remuneration and social security | 454/9 | €4,713 | €2,873 | -€1,840 | -39.0% |
| Other amounts payable | 47/48 | - | €29,934 | +€29,934 | |
| Accrued charges and deferred income | 492/3 | €2,853 | - | -€2,853 | |
| Non-recurring operating income | 76A | €1,487 | €1,519 | +€33 | +2.2% |
| Remuneration, social security and pensions | 62 | €226,187 | €247,462 | +€21,275 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,664 | €15,629 | -€35 | -0.2% |
| Other operating charges | 640/8 | €642 | €1,748 | +€1,106 | +172.3% |
| Gross operating margin | 9900 | €275,639 | €316,235 | +€40,597 | +14.7% |
| Operating profit (loss) | 9901 | €33,145 | €51,396 | +€18,251 | +55.1% |
| Financial income | 75/76B | €1,304 | €2,826 | +€1,522 | +116.7% |
| Recurring financial income | 75 | €1,304 | €2,826 | +€1,522 | +116.7% |
| Financial charges | 65/66B | €8,366 | €7,518 | -€849 | -10.1% |
| Recurring financial charges | 65 | €8,366 | €7,518 | -€849 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €26,083 | €46,704 | +€20,621 | +79.1% |
| Income taxes | 67/77 | €9,176 | €15,727 | +€6,551 | +71.4% |
| Profit (loss) for the period | 9904 | €16,907 | €30,977 | +€14,070 | +83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,907 | €30,977 | +€14,070 | +83.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.