DEN BEUK: 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.
DEN BEUK
Largest movements
- Receivables within one year +€101,133
up €101,133 (+922%), from €10,974 to €112,107
of which Other amounts receivable: +€101,895
- Tangible fixed assets -€30,745
down €30,745 (-9.8%), from €314,749 to €284,003
of which Land and buildings: -€27,307
- Cash +€17,638
up €17,638 (+128%), from €13,810 to €31,448
mainly Tax, wage and social debts (+€63,755) and Net result for the year (+€41,402)
- Tax, wage and social debts +€63,755
up €63,755 (+288%), from €22,168 to €85,924
of which Remuneration and social security: +€45,128
- Reserves +€41,402
up €41,402 (+183%), from €22,663 to €64,065
- Debts after one year -€11,651
down €11,651 (-5.4%), from €214,244 to €202,593
- Accrued charges and deferred income -€10,503
no longer reported in 2025 (was €10,503)
- Trade debts +€8,360
up €8,360 (+23.0%), from €36,374 to €44,733
- Gross operating margin +€113,202
up €113,202 (+24.4%), from €464,778 to €577,980
- Staff costs +€81,522
up €81,522 (+21.0%), from €388,269 to €469,791
- Taxes +€13,625
up €13,625 (+272%), from €5,002 to €18,627
- Depreciation +€9,718
up €9,718 (+39.9%), from €24,382 to €34,100
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 | €339,914 | €427,558 | +€87,644 | +25.8% |
| Fixed assets | 21/28 | €315,130 | €284,003 | -€31,127 | -9.9% |
| Tangible fixed assets | 22/27 | €314,749 | €284,003 | -€30,745 | -9.8% |
| Land and buildings | 22 | €292,609 | €265,302 | -€27,307 | -9.3% |
| Plant, machinery and equipment | 23 | €20,169 | €17,413 | -€2,757 | -13.7% |
| Furniture and vehicles | 24 | €1,970 | €1,288 | -€682 | -34.6% |
| Financial fixed assets | 28 | €382 | - | -€382 | |
| Current assets | 29/58 | €24,783 | €143,555 | +€118,771 | +479% |
| Amounts receivable within one year | 40/41 | €10,974 | €112,107 | +€101,133 | +922% |
| Trade receivables | 40 | €10,897 | €10,135 | -€762 | -7.0% |
| Other amounts receivable | 41 | €76 | €101,972 | +€101,895 | +133,283% |
| Cash at bank and in hand | 54/58 | €13,810 | €31,448 | +€17,638 | +128% |
| Total equity and liabilities | 10/49 | €339,914 | €427,558 | +€87,644 | +25.8% |
| Equity | 10/15 | €41,255 | €82,657 | +€41,402 | +100% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €22,663 | €64,065 | +€41,402 | +183% |
| Distributable reserves | 133 | €22,663 | €64,065 | +€41,402 | +183% |
| Amounts payable | 17/49 | €298,659 | €344,901 | +€46,242 | +15.5% |
| Amounts payable after more than one year | 17 | €214,244 | €202,593 | -€11,651 | -5.4% |
| Financial debts | 170/4 | €214,244 | €202,593 | -€11,651 | -5.4% |
| Amounts payable within one year | 42/48 | €73,912 | €142,308 | +€68,396 | +92.5% |
| Current portion of amounts payable after more than one year | 42 | €11,133 | €11,651 | +€518 | +4.7% |
| Trade debts | 44 | €36,374 | €44,733 | +€8,360 | +23.0% |
| Suppliers | 440/4 | €36,374 | €44,733 | +€8,360 | +23.0% |
| Taxes, remuneration and social security | 45 | €22,168 | €85,924 | +€63,755 | +288% |
| Taxes | 450/3 | €5,002 | €23,629 | +€18,627 | +372% |
| Remuneration and social security | 454/9 | €17,167 | €62,295 | +€45,128 | +263% |
| Other amounts payable | 47/48 | €4,237 | - | -€4,237 | |
| Accrued charges and deferred income | 492/3 | €10,503 | - | -€10,503 | |
| Remuneration, social security and pensions | 62 | €388,269 | €469,791 | +€81,522 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,382 | €34,100 | +€9,718 | +39.9% |
| Other operating charges | 640/8 | €4,080 | €3,883 | -€196 | -4.8% |
| Gross operating margin | 9900 | €464,778 | €577,980 | +€113,202 | +24.4% |
| Operating profit (loss) | 9901 | €48,047 | €70,206 | +€22,159 | +46.1% |
| Financial income | 75/76B | €13 | €6 | -€7 | -56.6% |
| Recurring financial income | 75 | €13 | €6 | -€7 | -56.6% |
| Financial charges | 65/66B | €5,825 | €10,183 | +€4,358 | +74.8% |
| Recurring financial charges | 65 | €5,825 | €10,183 | +€4,358 | +74.8% |
| Profit (loss) for the period before taxes | 9903 | €42,235 | €60,029 | +€17,794 | +42.1% |
| Income taxes | 67/77 | €5,002 | €18,627 | +€13,625 | +272% |
| Profit (loss) for the period | 9904 | €37,233 | €41,402 | +€4,168 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,233 | €41,402 | +€4,168 | +11.2% |
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.