DR. BEIRINCKX: 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.
DR. BEIRINCKX
Largest movements
- Cash +€77,650
up €77,650 (+26.7%), from €290,803 to €368,453
mainly Net result for the year (+€190,746) and Depreciation (+€22,643)
- Tangible fixed assets -€19,155
down €19,155 (-33.5%), from €57,097 to €37,942
of which Land and buildings: -€12,221
- Reserves +€70,746
up €70,746 (+42.8%), from €165,366 to €236,112
- Other debts -€25,619
down €25,619 (-16.8%), from €152,831 to €127,211
- Debts after one year -€18,924
down €18,924 (-74.3%), from €25,484 to €6,560
- Tax, wage and social debts +€18,376
up €18,376 (+263%), from €6,975 to €25,351
of which Taxes: +€18,376
- Accrued charges and deferred income +€9,591
new in 2025: €9,591
- Gross operating margin +€20,123
up €20,123 (+7.7%), from €260,384 to €280,507
- Taxes +€9,214
up €9,214 (+15.3%), from €60,312 to €69,526
- Financial income +€2,852
up €2,852 (+278%), from €1,024 to €3,876
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 | €381,465 | €436,571 | +€55,106 | +14.4% |
| Fixed assets | 21/28 | €63,397 | €44,242 | -€19,155 | -30.2% |
| Tangible fixed assets | 22/27 | €57,097 | €37,942 | -€19,155 | -33.5% |
| Land and buildings | 22 | €25,805 | €13,584 | -€12,221 | -47.4% |
| Plant, machinery and equipment | 23 | €86 | - | -€86 | |
| Furniture and vehicles | 24 | €31,206 | €24,358 | -€6,848 | -21.9% |
| Financial fixed assets | 28 | €6,300 | €6,300 | = | 0.0% |
| Current assets | 29/58 | €318,068 | €392,329 | +€74,261 | +23.3% |
| Amounts receivable within one year | 40/41 | €17,877 | €17,264 | -€613 | -3.4% |
| Trade receivables | 40 | €7,093 | €7,264 | +€172 | +2.4% |
| Other amounts receivable | 41 | €10,785 | €10,000 | -€785 | -7.3% |
| Cash at bank and in hand | 54/58 | €290,803 | €368,453 | +€77,650 | +26.7% |
| Deferred charges and accrued income | 490/1 | €9,388 | €6,612 | -€2,776 | -29.6% |
| Total equity and liabilities | 10/49 | €381,465 | €436,571 | +€55,106 | +14.4% |
| Equity | 10/15 | €177,766 | €248,512 | +€70,746 | +39.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €165,366 | €236,112 | +€70,746 | +42.8% |
| Distributable reserves | 133 | €165,366 | €236,112 | +€70,746 | +42.8% |
| Amounts payable | 17/49 | €203,699 | €188,059 | -€15,640 | -7.7% |
| Amounts payable after more than one year | 17 | €25,484 | €6,560 | -€18,924 | -74.3% |
| Financial debts | 170/4 | €25,484 | €6,560 | -€18,924 | -74.3% |
| Amounts payable within one year | 42/48 | €178,215 | €171,909 | -€6,307 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €18,410 | €18,924 | +€514 | +2.8% |
| Trade debts | 44 | - | €422 | +€422 | |
| Suppliers | 440/4 | - | €422 | +€422 | |
| Taxes, remuneration and social security | 45 | €6,975 | €25,351 | +€18,376 | +263% |
| Taxes | 450/3 | €4,492 | €22,868 | +€18,376 | +409% |
| Remuneration and social security | 454/9 | €2,483 | €2,483 | = | 0.0% |
| Other amounts payable | 47/48 | €152,831 | €127,211 | -€25,619 | -16.8% |
| Accrued charges and deferred income | 492/3 | - | €9,591 | +€9,591 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,279 | €22,643 | +€364 | +1.6% |
| Gross operating margin | 9900 | €260,384 | €280,507 | +€20,123 | +7.7% |
| Operating profit (loss) | 9901 | €238,105 | €257,864 | +€19,759 | +8.3% |
| Financial income | 75/76B | €1,024 | €3,876 | +€2,852 | +278% |
| Recurring financial income | 75 | €1,024 | €3,876 | +€2,852 | +278% |
| Financial charges | 65/66B | €1,893 | €1,469 | -€424 | -22.4% |
| Recurring financial charges | 65 | €1,893 | €1,469 | -€424 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €237,237 | €260,272 | +€23,035 | +9.7% |
| Income taxes | 67/77 | €60,312 | €69,526 | +€9,214 | +15.3% |
| Profit (loss) for the period | 9904 | €176,925 | €190,746 | +€13,821 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €176,925 | €190,746 | +€13,821 | +7.8% |
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 14 October 2026 via checked.be.