FREDERIK BEYLS: 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.
FREDERIK BEYLS
Largest movements
- Cash +€36,038
up €36,038 (+6.8%), from €531,970 to €568,007
mainly Net result for the year (+€188,216) and Tax, wage and social debts (+€5,023)
- Reserves +€56,532
up €56,532 (+6.4%), from €876,536 to €933,068
- Other debts -€21,350
down €21,350 (-14.0%), from €153,034 to €131,684
- Financial income +€79,973
up €79,973 (+80.0%), from €99,967 to €179,940
- Gross operating margin -€6,066
down €6,066 (-14.3%), from €42,560 to €36,493
- Taxes +€5,020
up €5,020 (+24.4%), from €20,576 to €25,596
- Staff costs +€2,227
new in 2025: €2,227
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.
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 | €1,335,463 | €1,371,500 | +€36,038 | +2.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €784,738 | €784,738 | = | 0.0% |
| Financial fixed assets | 28 | €784,738 | €784,738 | = | 0.0% |
| Current assets | 29/58 | €550,725 | €586,762 | +€36,038 | +6.5% |
| Amounts receivable within one year | 40/41 | €18,755 | €18,755 | = | 0.0% |
| Trade receivables | 40 | €18,755 | €18,755 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €531,970 | €568,007 | +€36,038 | +6.8% |
| Total equity and liabilities | 10/49 | €1,335,463 | €1,371,500 | +€36,038 | +2.7% |
| Equity | 10/15 | €1,159,934 | €1,216,466 | +€56,532 | +4.9% |
| Contributions | 10/11 | €280,005 | €280,005 | = | 0.0% |
| Reserves | 13 | €876,536 | €933,068 | +€56,532 | +6.4% |
| Distributable reserves | 133 | €876,536 | €933,068 | +€56,532 | +6.4% |
| Profit (loss) carried forward | 14 | €3,393 | €3,393 | = | 0.0% |
| Amounts payable | 17/49 | €175,529 | €155,035 | -€20,494 | -11.7% |
| Amounts payable within one year | 42/48 | €175,529 | €155,035 | -€20,494 | -11.7% |
| Financial debts | 43 | €4,167 | €0 | -€4,167 | -100% |
| Other loans | 439 | €4,167 | €0 | -€4,167 | -100% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €18,328 | €23,351 | +€5,023 | +27.4% |
| Taxes | 450/3 | €17,578 | €22,601 | +€5,023 | +28.6% |
| Remuneration and social security | 454/9 | €750 | €750 | = | 0.0% |
| Other amounts payable | 47/48 | €153,034 | €131,684 | -€21,350 | -14.0% |
| Remuneration, social security and pensions | 62 | - | €2,227 | +€2,227 | |
| Other operating charges | 640/8 | €190 | €201 | +€11 | +5.8% |
| Gross operating margin | 9900 | €42,560 | €36,493 | -€6,066 | -14.3% |
| Operating profit (loss) | 9901 | €42,370 | €34,066 | -€8,304 | -19.6% |
| Financial income | 75/76B | €99,967 | €179,940 | +€79,973 | +80.0% |
| Recurring financial income | 75 | €99,967 | €179,940 | +€79,973 | +80.0% |
| Financial charges | 65/66B | €246 | €194 | -€52 | -21.2% |
| Recurring financial charges | 65 | €246 | €194 | -€52 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €142,090 | €213,812 | +€71,722 | +50.5% |
| Income taxes | 67/77 | €20,576 | €25,596 | +€5,020 | +24.4% |
| Profit (loss) for the period | 9904 | €121,514 | €188,216 | +€66,702 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €121,514 | €188,216 | +€66,702 | +54.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.