G.BEYNAERTS: 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.
G.BEYNAERTS
Largest movements
- Cash +€175,306
up €175,306 (+50.9%), from €344,163 to €519,469
mainly Depreciation (+€80,917) and Trade debts (+€61,589)
- Tangible fixed assets -€86,354
down €86,354 (-14.4%), from €597,922 to €511,568
of which Leasing and similar rights: -€160,721
- Receivables within one year -€47,007
down €47,007 (-21.6%), from €217,217 to €170,209
of which Other amounts receivable: -€71,156
- Stocks and contracts -€33,222
down €33,222 (-47.6%), from €69,749 to €36,527
of which Contracts in progress: -€33,396
- Debts after one year -€71,566
down €71,566 (-19.4%), from €368,775 to €297,209
- Trade debts +€61,589
up €61,589 (+201%), from €30,694 to €92,283
- Reserves +€34,152
up €34,152 (+5.4%), from €636,698 to €670,851
- Other debts -€13,035
down €13,035 (-17.3%), from €75,428 to €62,393
- Gross operating margin +€62,320
up €62,320 (+23.9%), from €260,252 to €322,572
- Staff costs +€33,199
up €33,199 (+31.4%), from €105,741 to €138,941
- Taxes +€8,776
up €8,776 (+133%), from €6,615 to €15,390
- Other operating charges +€7,028
up €7,028 (+46.4%), from €15,149 to €22,177
- Financial charges -€5,280
down €5,280 (-14.0%), from €37,625 to €32,345
of which Financial charges: -€5,932
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 | €1,266,130 | €1,265,822 | -€308 | 0.0% |
| Fixed assets | 21/28 | €600,669 | €514,315 | -€86,354 | -14.4% |
| Tangible fixed assets | 22/27 | €597,922 | €511,568 | -€86,354 | -14.4% |
| Land and buildings | 22 | €1,038 | €469 | -€569 | -54.8% |
| Plant, machinery and equipment | 23 | €7,602 | €4,390 | -€3,212 | -42.3% |
| Furniture and vehicles | 24 | €59,583 | €137,732 | +€78,149 | +131% |
| Leasing and similar rights | 25 | €529,699 | €368,978 | -€160,721 | -30.3% |
| Financial fixed assets | 28 | €2,746 | €2,746 | = | 0.0% |
| Current assets | 29/58 | €665,462 | €751,507 | +€86,046 | +12.9% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €69,749 | €36,527 | -€33,222 | -47.6% |
| Stocks | 30/36 | €13,867 | €14,041 | +€174 | +1.3% |
| Contracts in progress | 37 | €55,882 | €22,486 | -€33,396 | -59.8% |
| Amounts receivable within one year | 40/41 | €217,217 | €170,209 | -€47,007 | -21.6% |
| Trade receivables | 40 | €114,124 | €138,274 | +€24,149 | +21.2% |
| Other amounts receivable | 41 | €103,092 | €31,936 | -€71,156 | -69.0% |
| Cash at bank and in hand | 54/58 | €344,163 | €519,469 | +€175,306 | +50.9% |
| Deferred charges and accrued income | 490/1 | €14,333 | €5,302 | -€9,031 | -63.0% |
| Total equity and liabilities | 10/49 | €1,266,130 | €1,265,822 | -€308 | 0.0% |
| Equity | 10/15 | €655,298 | €689,451 | +€34,152 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €636,698 | €670,851 | +€34,152 | +5.4% |
| Distributable reserves | 133 | €636,698 | €670,851 | +€34,152 | +5.4% |
| Amounts payable | 17/49 | €610,832 | €576,371 | -€34,461 | -5.6% |
| Amounts payable after more than one year | 17 | €368,775 | €297,209 | -€71,566 | -19.4% |
| Financial debts | 170/4 | €368,775 | €297,209 | -€71,566 | -19.4% |
| Amounts payable within one year | 42/48 | €239,527 | €276,550 | +€37,023 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €123,193 | €111,493 | -€11,700 | -9.5% |
| Trade debts | 44 | €30,694 | €92,283 | +€61,589 | +201% |
| Suppliers | 440/4 | €30,694 | €92,283 | +€61,589 | +201% |
| Taxes, remuneration and social security | 45 | €10,213 | €10,381 | +€169 | +1.7% |
| Taxes | 450/3 | €1,802 | €2,169 | +€366 | +20.3% |
| Remuneration and social security | 454/9 | €8,410 | €8,213 | -€197 | -2.3% |
| Other amounts payable | 47/48 | €75,428 | €62,393 | -€13,035 | -17.3% |
| Accrued charges and deferred income | 492/3 | €2,530 | €2,612 | +€82 | +3.2% |
| Non-recurring operating income | 76A | €5,843 | €38,463 | +€32,620 | +558% |
| Remuneration, social security and pensions | 62 | €105,741 | €138,941 | +€33,199 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,728 | €80,917 | -€2,811 | -3.4% |
| Other operating charges | 640/8 | €15,149 | €22,177 | +€7,028 | +46.4% |
| Gross operating margin | 9900 | €260,252 | €322,572 | +€62,320 | +23.9% |
| Operating profit (loss) | 9901 | €55,634 | €80,537 | +€24,903 | +44.8% |
| Financial income | 75/76B | €1,210 | €1,351 | +€141 | +11.6% |
| Recurring financial income | 75 | €1,210 | €1,351 | +€141 | +11.6% |
| Financial charges | 65/66B | €37,625 | €32,345 | -€5,280 | -14.0% |
| Recurring financial charges | 65 | €37,377 | €31,445 | -€5,932 | -15.9% |
| Non-recurring financial charges | 66B | €248 | €900 | +€652 | +263% |
| Profit (loss) for the period before taxes | 9903 | €19,219 | €49,543 | +€30,324 | +158% |
| Income taxes | 67/77 | €6,615 | €15,390 | +€8,776 | +133% |
| Profit (loss) for the period | 9904 | €12,604 | €34,152 | +€21,548 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €12,604 | €34,152 | +€21,548 | +171% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.