De Beule Projects: 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 Beule Projects
Largest movements
- Cash +€30,085
up €30,085 (+48.0%), from €62,655 to €92,740
mainly Other debts (+€63,181) and Net result for the year (+€49,507)
- Tangible fixed assets +€14,861
up €14,861 (+20.8%), from €71,597 to €86,458
of which Other tangible fixed assets: +€17,429
- Other debts +€63,181
up €63,181 (+157.5%), from €40,114 to €103,295
- Profit (loss) carried forward -€40,000
down €40,000 (-98.7%), from €40,517 to €517
- Reserves +€19,507
up €19,507 (+118.1%), from €16,513 to €36,020
- Debts after one year -€10,214
down €10,214 (-45.4%), from €22,473 to €12,260
- Trade debts +€6,250
up €6,250 (+1418.9%), from €440 to €6,690
- Gross operating margin +€15,482
up €15,482 (+24.8%), from €62,348 to €77,830
- Taxes +€5,181
up €5,181 (+50.0%), from €10,360 to €15,541
- Depreciation +€1,078
up €1,078 (+11.8%), from €9,149 to €10,227
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 | €154,130 | €197,005 | +€42,875 | +27.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €71,597 | €86,458 | +€14,861 | +20.8% |
| Tangible fixed assets | 22/27 | €71,597 | €86,458 | +€14,861 | +20.8% |
| Plant, machinery and equipment | 23 | €8,414 | €5,419 | -€2,994 | -35.6% |
| Furniture and vehicles | 24 | €10,809 | €11,235 | +€426 | +3.9% |
| Other tangible fixed assets | 26 | €52,375 | €69,803 | +€17,429 | +33.3% |
| Current assets | 29/58 | €82,533 | €110,547 | +€28,014 | +33.9% |
| Amounts receivable within one year | 40/41 | €17,173 | €16,675 | -€498 | -2.9% |
| Trade receivables | 40 | €15,496 | €14,998 | -€498 | -3.2% |
| Other amounts receivable | 41 | €1,677 | €1,677 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,655 | €92,740 | +€30,085 | +48.0% |
| Deferred charges and accrued income | 490/1 | €2,704 | €1,132 | -€1,572 | -58.1% |
| Total equity and liabilities | 10/49 | €154,130 | €197,005 | +€42,875 | +27.8% |
| Equity | 10/15 | €61,030 | €40,536 | -€20,493 | -33.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €16,513 | €36,020 | +€19,507 | +118.1% |
| Distributable reserves | 133 | €16,513 | €36,020 | +€19,507 | +118.1% |
| Profit (loss) carried forward | 14 | €40,517 | €517 | -€40,000 | -98.7% |
| Amounts payable | 17/49 | €93,100 | €156,468 | +€63,368 | +68.1% |
| Amounts payable after more than one year | 17 | €22,473 | €12,260 | -€10,214 | -45.4% |
| Financial debts | 170/4 | €22,473 | €12,260 | -€10,214 | -45.4% |
| Amounts payable within one year | 42/48 | €70,294 | €143,051 | +€72,757 | +103.5% |
| Current portion of amounts payable after more than one year | 42 | €17,013 | €19,575 | +€2,562 | +15.1% |
| Trade debts | 44 | €440 | €6,690 | +€6,250 | +1418.9% |
| Suppliers | 440/4 | €440 | €6,690 | +€6,250 | +1418.9% |
| Taxes, remuneration and social security | 45 | €12,727 | €13,491 | +€764 | +6.0% |
| Taxes | 450/3 | €12,727 | €13,491 | +€764 | +6.0% |
| Other amounts payable | 47/48 | €40,114 | €103,295 | +€63,181 | +157.5% |
| Accrued charges and deferred income | 492/3 | €333 | €1,157 | +€825 | +247.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,149 | €10,227 | +€1,078 | +11.8% |
| Other operating charges | 640/8 | €2,377 | €2,140 | -€237 | -10.0% |
| Gross operating margin | 9900 | €62,348 | €77,830 | +€15,482 | +24.8% |
| Operating profit (loss) | 9901 | €50,823 | €65,463 | +€14,640 | +28.8% |
| Financial income | 75/76B | €197 | €502 | +€305 | +154.8% |
| Recurring financial income | 75 | €197 | €502 | +€305 | +154.8% |
| Financial charges | 65/66B | €1,265 | €916 | -€349 | -27.6% |
| Recurring financial charges | 65 | €1,265 | €916 | -€349 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €49,755 | €65,048 | +€15,293 | +30.7% |
| Income taxes | 67/77 | €10,360 | €15,541 | +€5,181 | +50.0% |
| Profit (loss) for the period | 9904 | €39,394 | €49,507 | +€10,113 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,394 | €49,507 | +€10,113 | +25.7% |
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.