DE BEYGAERD: 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 BEYGAERD
Largest movements
- Tangible fixed assets -€42,064
down €42,064 (-6.4%), from €659,705 to €617,641
- Cash +€19,401
up €19,401 (+292%), from €6,635 to €26,036
mainly Other debts (+€239,509) and Depreciation (+€42,064)
- Other debts +€239,509
up €239,509 (+2,024%), from €11,835 to €251,344
- Debts after one year -€208,784
down €208,784 (-97.0%), from €215,159 to €6,375
of which Financial debts: -€211,184
- Current portion of long-term debt -€51,892
down €51,892 (-100%), from €51,892 to €0
- Provisions -€8,435
down €8,435 (-9.3%), from €90,896 to €82,461
- Financial charges +€5,312
up €5,312 (+242%), from €2,198 to €7,510
- Taxes +€3,047
new in 2025: €3,047
- Other operating charges -€2,494
down €2,494 (-33.6%), from €7,426 to €4,932
- Gross operating margin +€1,143
up €1,143 (+2.2%), from €53,042 to €54,185
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 | €666,645 | €645,862 | -€20,784 | -3.1% |
| Fixed assets | 21/28 | €659,705 | €617,641 | -€42,064 | -6.4% |
| Tangible fixed assets | 22/27 | €659,705 | €617,641 | -€42,064 | -6.4% |
| Land and buildings | 22 | €659,705 | €617,641 | -€42,064 | -6.4% |
| Current assets | 29/58 | €6,940 | €28,220 | +€21,280 | +307% |
| Amounts receivable within one year | 40/41 | €0 | €1,932 | +€1,932 | |
| Other amounts receivable | 41 | €0 | €1,932 | +€1,932 | |
| Cash at bank and in hand | 54/58 | €6,635 | €26,036 | +€19,401 | +292% |
| Deferred charges and accrued income | 490/1 | €305 | €252 | -€53 | -17.4% |
| Total equity and liabilities | 10/49 | €666,645 | €645,862 | -€20,784 | -3.1% |
| Equity | 10/15 | €294,974 | €300,142 | +€5,168 | +1.8% |
| Contributions | 10/11 | €18,840 | €18,840 | = | 0.0% |
| Reserves | 13 | €274,573 | €279,741 | +€5,168 | +1.9% |
| Tax-exempt reserves | 132 | €272,689 | €247,383 | -€25,306 | -9.3% |
| Distributable reserves | 133 | €1,884 | €32,358 | +€30,474 | +1,618% |
| Profit (loss) carried forward | 14 | €1,561 | €1,561 | = | 0.0% |
| Provisions and deferred taxes | 16 | €90,896 | €82,461 | -€8,435 | -9.3% |
| Deferred taxes | 168 | €90,896 | €82,461 | -€8,435 | -9.3% |
| Amounts payable | 17/49 | €280,775 | €263,259 | -€17,516 | -6.2% |
| Amounts payable after more than one year | 17 | €215,159 | €6,375 | -€208,784 | -97.0% |
| Financial debts | 170/4 | €211,184 | €0 | -€211,184 | -100% |
| Other amounts payable | 178/9 | €3,975 | €6,375 | +€2,400 | +60.4% |
| Amounts payable within one year | 42/48 | €63,916 | €256,059 | +€192,143 | +301% |
| Current portion of amounts payable after more than one year | 42 | €51,892 | €0 | -€51,892 | -100% |
| Trade debts | 44 | €189 | €105 | -€84 | -44.3% |
| Suppliers | 440/4 | €189 | €105 | -€84 | -44.3% |
| Taxes, remuneration and social security | 45 | - | €4,609 | +€4,609 | |
| Taxes | 450/3 | - | €4,609 | +€4,609 | |
| Other amounts payable | 47/48 | €11,835 | €251,344 | +€239,509 | +2,024% |
| Accrued charges and deferred income | 492/3 | €1,700 | €825 | -€875 | -51.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,064 | €42,064 | = | 0.0% |
| Other operating charges | 640/8 | €7,426 | €4,932 | -€2,494 | -33.6% |
| Gross operating margin | 9900 | €53,042 | €54,185 | +€1,143 | +2.2% |
| Operating profit (loss) | 9901 | €3,552 | €7,189 | +€3,637 | +102% |
| Financial income | 75/76B | - | €101 | +€101 | |
| Recurring financial income | 75 | - | €101 | +€101 | |
| Financial charges | 65/66B | €2,198 | €7,510 | +€5,312 | +242% |
| Recurring financial charges | 65 | €2,198 | €7,510 | +€5,312 | +242% |
| Profit (loss) for the period before taxes | 9903 | €1,353 | -€220 | -€1,574 | |
| Transfer from deferred taxes | 780 | €8,425 | €8,435 | +€10 | +0.1% |
| Income taxes | 67/77 | - | €3,047 | +€3,047 | |
| Profit (loss) for the period | 9904 | €9,778 | €5,168 | -€4,611 | -47.2% |
| Transfer from tax-exempt reserves | 789 | €25,275 | €25,306 | +€31 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,053 | €30,474 | -€4,579 | -13.1% |
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 24 October 2026 via checked.be.