Daenens-Beernaert: 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.
Daenens-Beernaert
Largest movements
- Cash +€27,897
up €27,897 (+348%), from €8,028 to €35,925
mainly Depreciation (+€23,807) and Net result for the year (+€20,265)
- Tangible fixed assets -€17,319
down €17,319 (-26.8%), from €64,697 to €47,377
of which Plant, machinery and equipment: -€20,104
- Receivables within one year +€8,380
up €8,380 (+142%), from €5,894 to €14,274
of which Other amounts receivable: +€6,833
- Deferred charges and accrued income -€3,264
down €3,264 (-11.2%), from €29,115 to €25,851
- Stocks and contracts +€2,932
up €2,932 (+26.5%), from €11,055 to €13,987
- Short-term financial debts +€9,984
up €9,984 (+212%), from €4,715 to €14,699
- Debts after one year -€8,267
down €8,267 (-35.5%), from €23,315 to €15,048
of which Financial debts: -€13,817
- Trade debts +€7,681
up €7,681 (+28.3%), from €27,168 to €34,849
- Accrued charges and deferred income +€6,051
up €6,051 (+741%), from €817 to €6,868
- Tax, wage and social debts +€3,264
up €3,264 (+47.2%), from €6,920 to €10,184
of which Remuneration and social security: +€5,703
- Gross operating margin +€40,892
up €40,892 (+45.3%), from €90,206 to €131,099
- Staff costs +€20,012
up €20,012 (+40.4%), from €49,541 to €69,553
- Taxes +€5,180
up €5,180 (+112%), from €4,625 to €9,805
- Financial charges +€2,604
up €2,604 (+120%), from €2,164 to €4,768
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 | €122,919 | €141,831 | +€18,911 | +15.4% |
| Fixed assets | 21/28 | €68,827 | €51,793 | -€17,034 | -24.7% |
| Intangible fixed assets | 21 | €728 | €628 | -€100 | -13.7% |
| Tangible fixed assets | 22/27 | €64,697 | €47,377 | -€17,319 | -26.8% |
| Plant, machinery and equipment | 23 | €52,583 | €32,480 | -€20,104 | -38.2% |
| Furniture and vehicles | 24 | €10,453 | €13,414 | +€2,960 | +28.3% |
| Other tangible fixed assets | 26 | €1,660 | €1,484 | -€176 | -10.6% |
| Financial fixed assets | 28 | €3,403 | €3,788 | +€386 | +11.3% |
| Current assets | 29/58 | €54,092 | €90,037 | +€35,945 | +66.5% |
| Stocks and contracts in progress | 3 | €11,055 | €13,987 | +€2,932 | +26.5% |
| Stocks | 30/36 | €11,055 | €13,987 | +€2,932 | +26.5% |
| Amounts receivable within one year | 40/41 | €5,894 | €14,274 | +€8,380 | +142% |
| Trade receivables | 40 | €1,157 | €2,704 | +€1,547 | +134% |
| Other amounts receivable | 41 | €4,737 | €11,570 | +€6,833 | +144% |
| Cash at bank and in hand | 54/58 | €8,028 | €35,925 | +€27,897 | +348% |
| Deferred charges and accrued income | 490/1 | €29,115 | €25,851 | -€3,264 | -11.2% |
| Total equity and liabilities | 10/49 | €122,919 | €141,831 | +€18,911 | +15.4% |
| Equity | 10/15 | €36,480 | €36,745 | +€265 | +0.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €34,980 | €35,245 | +€265 | +0.8% |
| Distributable reserves | 133 | €34,980 | €35,245 | +€265 | +0.8% |
| Amounts payable | 17/49 | €86,440 | €105,086 | +€18,646 | +21.6% |
| Amounts payable after more than one year | 17 | €23,315 | €15,048 | -€8,267 | -35.5% |
| Financial debts | 170/4 | €16,147 | €2,330 | -€13,817 | -85.6% |
| Other amounts payable | 178/9 | €7,168 | €12,718 | +€5,550 | +77.4% |
| Amounts payable within one year | 42/48 | €62,307 | €83,170 | +€20,862 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €23,504 | €23,439 | -€66 | -0.3% |
| Financial debts | 43 | €4,715 | €14,699 | +€9,984 | +212% |
| Credit institutions | 430/8 | €4,715 | €14,699 | +€9,984 | +212% |
| Trade debts | 44 | €27,168 | €34,849 | +€7,681 | +28.3% |
| Suppliers | 440/4 | €27,168 | €34,849 | +€7,681 | +28.3% |
| Taxes, remuneration and social security | 45 | €6,920 | €10,184 | +€3,264 | +47.2% |
| Taxes | 450/3 | €4,089 | €1,650 | -€2,439 | -59.7% |
| Remuneration and social security | 454/9 | €2,831 | €8,534 | +€5,703 | +201% |
| Accrued charges and deferred income | 492/3 | €817 | €6,868 | +€6,051 | +741% |
| Non-recurring operating income | 76A | - | €290 | +€290 | |
| Remuneration, social security and pensions | 62 | €49,541 | €69,553 | +€20,012 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,587 | €23,807 | +€1,220 | +5.4% |
| Other operating charges | 640/8 | €1,229 | €397 | -€831 | -67.7% |
| Non-recurring operating charges | 66A | - | €2,548 | +€2,548 | |
| Gross operating margin | 9900 | €90,206 | €131,099 | +€40,892 | +45.3% |
| Operating profit (loss) | 9901 | €16,851 | €34,794 | +€17,943 | +106% |
| Financial income | 75/76B | €2 | €45 | +€42 | +1,849% |
| Recurring financial income | 75 | €2 | €45 | +€42 | +1,849% |
| Financial charges | 65/66B | €2,164 | €4,768 | +€2,604 | +120% |
| Recurring financial charges | 65 | €2,164 | €4,768 | +€2,604 | +120% |
| Profit (loss) for the period before taxes | 9903 | €14,689 | €30,070 | +€15,382 | +105% |
| Income taxes | 67/77 | €4,625 | €9,805 | +€5,180 | +112% |
| Profit (loss) for the period | 9904 | €10,064 | €20,265 | +€10,201 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €10,064 | €20,265 | +€10,201 | +101% |
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 17 October 2026 via checked.be.