GROUP BEYERS: 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.
What changed
GROUP BEYERS
NACE 42.110, Construction of roads and motorways
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€223,194
2024 · €78,471+€144,724
Equity
€518,690
2024 · €454,575+€64,115
Cash
€46,421
2024 · €45,009+€1,412
Balance sheet total
€1.5m
2024 · €1.8m-€308,670
Largest movements
Assets
- Receivables within one year -€121,743
down €121,743 (-10.7%), from €1.1m to €1.0m
of which Trade receivables: -€67,303
- Receivables after one year -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Deferred charges and accrued income -€62,246
down €62,246 (-76.5%), from €81,345 to €19,098
Equity and liabilities
- Trade debts -€428,741
down €428,741 (-47.7%), from €898,188 to €469,447
- Short-term financial debts +€75,000
up €75,000 (+150%), from €50,000 to €125,000
- Reserves +€64,115
up €64,115 (+16.7%), from €383,775 to €447,890
of which Distributable reserves: +€64,115
Income statement
- Gross operating margin +€236,660
up €236,660 (+25.2%), from €940,542 to €1.2m
- Taxes +€74,655
up €74,655 (+150%), from €49,853 to €124,508
- Financial charges +€25,314
up €25,314 (+71.5%), from €35,391 to €60,705
- Other operating charges -€23,018
down €23,018 (-78.4%), from €29,364 to €6,346
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.
Result 2024
€78,471
Gross operating margin
+€236,660
Staff costs
-€9,543
Depreciation
-€9,608
Other operating charges
+€23,018
Financial income
+€4,165
Financial charges
-€25,314
Taxes
-€74,655
Result 2025
€223,194
raises the resultlowers the result
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.
From operations
+€138,388
Investment
-€41,140
Financing
-€95,837
Cash 2024
€45,009
From operations (derived)
+€138,388
Net result for the year
+€223,194
Depreciation
+€62,646
Receivables after one year
+€100,000
Stocks and contracts
+€4,586
Receivables within one year
+€121,743
Deferred charges and accrued income
+€62,246
Trade debts
-€428,741
Tax, wage and social debts
-€4,440
Accrued charges and deferred income
-€2,847
Investment (derived)
-€41,140
Investment in fixed assets (net)
-€49,499
Current investments
+€8,359
Financing
-€95,837
Debts after one year
-€7,710
Current portion of long-term debt
-€4,047
Short-term financial debts
+€75,000
Contributions, distributions and other
-€159,080
Cash 2025
€46,421
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,798,990 | €1,490,320 | -€308,670 | -17.2% |
| Fixed assets | 21/28 | €232,666 | €219,518 | -€13,148 | -5.7% |
| Intangible fixed assets | 21 | €10,390 | €6,726 | -€3,664 | -35.3% |
| Tangible fixed assets | 22/27 | €222,276 | €212,792 | -€9,484 | -4.3% |
| Land and buildings | 22 | €91,523 | €80,612 | -€10,911 | -11.9% |
| Plant, machinery and equipment | 23 | €109,554 | €90,891 | -€18,663 | -17.0% |
| Furniture and vehicles | 24 | €21,199 | €41,289 | +€20,090 | +94.8% |
| Current assets | 29/58 | €1,566,324 | €1,270,802 | -€295,522 | -18.9% |
| Amounts receivable after more than one year | 29 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Other amounts receivable | 291 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Stocks and contracts in progress | 3 | €97,123 | €92,537 | -€4,586 | -4.7% |
| Stocks | 30/36 | €97,123 | €92,537 | -€4,586 | -4.7% |
| Amounts receivable within one year | 40/41 | €1,134,489 | €1,012,747 | -€121,743 | -10.7% |
| Trade receivables | 40 | €715,955 | €648,652 | -€67,303 | -9.4% |
| Other amounts receivable | 41 | €418,534 | €364,094 | -€54,440 | -13.0% |
| Current investments | 50/53 | €8,359 | €0 | -€8,359 | -100% |
| Cash at bank and in hand | 54/58 | €45,009 | €46,421 | +€1,412 | +3.1% |
| Deferred charges and accrued income | 490/1 | €81,345 | €19,098 | -€62,246 | -76.5% |
| Total equity and liabilities | 10/49 | €1,798,990 | €1,490,320 | -€308,670 | -17.2% |
| Equity | 10/15 | €454,575 | €518,690 | +€64,115 | +14.1% |
| Contributions | 10/11 | €70,800 | €70,800 | = | 0.0% |
| Reserves | 13 | €383,775 | €447,890 | +€64,115 | +16.7% |
| Non-distributable reserves | 130/1 | €7,080 | €7,080 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,080 | €7,080 | = | 0.0% |
| Distributable reserves | 133 | €376,695 | €440,810 | +€64,115 | +17.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,344,415 | €971,630 | -€372,784 | -27.7% |
| Amounts payable after more than one year | 17 | €31,703 | €23,993 | -€7,710 | -24.3% |
| Financial debts | 170/4 | €31,703 | €23,993 | -€7,710 | -24.3% |
| Amounts payable within one year | 42/48 | €1,266,125 | €903,898 | -€362,227 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €249,757 | €245,710 | -€4,047 | -1.6% |
| Financial debts | 43 | €50,000 | €125,000 | +€75,000 | +150% |
| Credit institutions | 430/8 | €50,000 | €125,000 | +€75,000 | +150% |
| Trade debts | 44 | €898,188 | €469,447 | -€428,741 | -47.7% |
| Suppliers | 440/4 | €898,188 | €469,447 | -€428,741 | -47.7% |
| Taxes, remuneration and social security | 45 | €68,180 | €63,740 | -€4,440 | -6.5% |
| Taxes | 450/3 | €1,046 | €1,672 | +€626 | +59.8% |
| Remuneration and social security | 454/9 | €67,134 | €62,068 | -€5,066 | -7.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €46,587 | €43,740 | -€2,847 | -6.1% |
| Remuneration, social security and pensions | 62 | €704,213 | €713,756 | +€9,543 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,038 | €62,646 | +€9,608 | +18.1% |
| Other operating charges | 640/8 | €29,364 | €6,346 | -€23,018 | -78.4% |
| Gross operating margin | 9900 | €940,542 | €1,177,202 | +€236,660 | +25.2% |
| Operating profit (loss) | 9901 | €153,927 | €394,455 | +€240,527 | +156% |
| Financial income | 75/76B | €9,787 | €13,952 | +€4,165 | +42.6% |
| Recurring financial income | 75 | €9,787 | €13,952 | +€4,165 | +42.6% |
| Financial charges | 65/66B | €35,391 | €60,705 | +€25,314 | +71.5% |
| Recurring financial charges | 65 | €35,391 | €60,705 | +€25,314 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €128,323 | €347,702 | +€219,379 | +171% |
| Income taxes | 67/77 | €49,853 | €124,508 | +€74,655 | +150% |
| Profit (loss) for the period | 9904 | €78,471 | €223,194 | +€144,724 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €78,471 | €223,194 | +€144,724 | +184% |
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.