DE BEIAARD: 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.
DE BEIAARD
Largest movements
- Tangible fixed assets +€58,962
up €58,962 (+14.4%), from €410,152 to €469,114
of which Plant, machinery and equipment: +€73,466
- Cash -€27,607
down €27,607 (-64.3%), from €42,938 to €15,331
mainly Investment in fixed assets (net) (-€104,477) and Receivables within one year (-€19,019)
- Receivables within one year +€19,019
up €19,019 (+305%), from €6,230 to €25,248
of which Other amounts receivable: +€11,947
- Trade debts +€25,235
up €25,235 (+75.6%), from €33,388 to €58,623
- Reserves +€10,000
up €10,000 (+18.2%), from €55,088 to €65,088
- Debts after one year +€7,522
up €7,522 (+3.0%), from €251,652 to €259,174
- Current portion of long-term debt +€5,271
up €5,271 (+11.1%), from €47,285 to €52,556
- Gross operating margin +€18,543
up €18,543 (+7.9%), from €234,829 to €253,372
- Staff costs +€14,344
up €14,344 (+8.8%), from €162,168 to €176,512
- Other operating charges +€2,997
up €2,997 (+90.7%), from €3,304 to €6,301
- Depreciation +€2,815
up €2,815 (+6.6%), from €42,626 to €45,440
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 | €475,001 | €521,601 | +€46,599 | +9.8% |
| Fixed assets | 21/28 | €410,152 | €469,189 | +€59,037 | +14.4% |
| Tangible fixed assets | 22/27 | €410,152 | €469,114 | +€58,962 | +14.4% |
| Land and buildings | 22 | €246,815 | €230,880 | -€15,935 | -6.5% |
| Plant, machinery and equipment | 23 | €110,981 | €184,447 | +€73,466 | +66.2% |
| Furniture and vehicles | 24 | €52,356 | €53,787 | +€1,431 | +2.7% |
| Financial fixed assets | 28 | - | €75 | +€75 | |
| Current assets | 29/58 | €64,850 | €52,412 | -€12,438 | -19.2% |
| Stocks and contracts in progress | 3 | €7,256 | €4,847 | -€2,409 | -33.2% |
| Stocks | 30/36 | €7,256 | €4,847 | -€2,409 | -33.2% |
| Amounts receivable within one year | 40/41 | €6,230 | €25,248 | +€19,019 | +305% |
| Trade receivables | 40 | €3,942 | €11,014 | +€7,072 | +179% |
| Other amounts receivable | 41 | €2,287 | €14,234 | +€11,947 | +522% |
| Cash at bank and in hand | 54/58 | €42,938 | €15,331 | -€27,607 | -64.3% |
| Deferred charges and accrued income | 490/1 | €8,426 | €6,986 | -€1,440 | -17.1% |
| Total equity and liabilities | 10/49 | €475,001 | €521,601 | +€46,599 | +9.8% |
| Equity | 10/15 | €113,041 | €123,908 | +€10,867 | +9.6% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €55,088 | €65,088 | +€10,000 | +18.2% |
| Distributable reserves | 133 | €55,088 | €65,088 | +€10,000 | +18.2% |
| Profit (loss) carried forward | 14 | €20,769 | €21,636 | +€867 | +4.2% |
| Amounts payable | 17/49 | €361,960 | €397,692 | +€35,732 | +9.9% |
| Amounts payable after more than one year | 17 | €251,652 | €259,174 | +€7,522 | +3.0% |
| Financial debts | 170/4 | €251,652 | €259,174 | +€7,522 | +3.0% |
| Amounts payable within one year | 42/48 | €109,543 | €137,703 | +€28,160 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €47,285 | €52,556 | +€5,271 | +11.1% |
| Trade debts | 44 | €33,388 | €58,623 | +€25,235 | +75.6% |
| Suppliers | 440/4 | €33,388 | €58,623 | +€25,235 | +75.6% |
| Taxes, remuneration and social security | 45 | €25,771 | €24,388 | -€1,383 | -5.4% |
| Taxes | 450/3 | €8,714 | €4,473 | -€4,241 | -48.7% |
| Remuneration and social security | 454/9 | €17,057 | €19,915 | +€2,859 | +16.8% |
| Other amounts payable | 47/48 | €3,098 | €2,135 | -€963 | -31.1% |
| Accrued charges and deferred income | 492/3 | €765 | €815 | +€50 | +6.5% |
| Remuneration, social security and pensions | 62 | €162,168 | €176,512 | +€14,344 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,626 | €45,440 | +€2,815 | +6.6% |
| Other operating charges | 640/8 | €3,304 | €6,301 | +€2,997 | +90.7% |
| Gross operating margin | 9900 | €234,829 | €253,372 | +€18,543 | +7.9% |
| Operating profit (loss) | 9901 | €26,732 | €25,119 | -€1,613 | -6.0% |
| Financial income | 75/76B | €55 | €174 | +€120 | +220% |
| Recurring financial income | 75 | €55 | €174 | +€120 | +220% |
| Financial charges | 65/66B | €10,525 | €10,548 | +€23 | +0.2% |
| Recurring financial charges | 65 | €10,525 | €10,548 | +€23 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €16,261 | €14,745 | -€1,515 | -9.3% |
| Income taxes | 67/77 | €4,911 | €3,878 | -€1,033 | -21.0% |
| Profit (loss) for the period | 9904 | €11,350 | €10,867 | -€483 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,350 | €10,867 | -€483 | -4.3% |
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 19 October 2026 via checked.be.