IMMO A. BEIRENS: 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.
IMMO A. BEIRENS
Largest movements
- Tangible fixed assets -€39,529
down €39,529 (-4.2%), from €948,827 to €909,298
of which Land and buildings: -€25,422
- Cash -€21,938
down €21,938 (-9.9%), from €221,135 to €199,197
mainly Debts after one year (-€46,123) and Current portion of long-term debt (-€12,067)
- Debts after one year -€46,123
down €46,123 (-13.9%), from €331,711 to €285,589
- Gross operating margin -€66,837
down €66,837 (-51.2%), from €130,573 to €63,736
- Staff costs -€48,114
down €48,114 (-99.8%), from €48,202 to €88
- Financial charges -€10,996
down €10,996 (-50.4%), from €21,801 to €10,805
of which Financial charges: -€13,054
- Depreciation -€3,521
down €3,521 (-7.2%), from €48,704 to €45,183
- Taxes +€1,779
up €1,779 (+41.2%), from €4,317 to €6,096
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.
Cash bridge derived
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 | €1,228,541 | €1,153,734 | -€74,807 | -6.1% |
| Fixed assets | 21/28 | €948,827 | €909,298 | -€39,529 | -4.2% |
| Tangible fixed assets | 22/27 | €948,827 | €909,298 | -€39,529 | -4.2% |
| Land and buildings | 22 | €831,219 | €805,797 | -€25,422 | -3.1% |
| Plant, machinery and equipment | 23 | €3,816 | €3,045 | -€771 | -20.2% |
| Furniture and vehicles | 24 | €9,158 | €5,545 | -€3,613 | -39.5% |
| Other tangible fixed assets | 26 | €104,635 | €94,912 | -€9,723 | -9.3% |
| Current assets | 29/58 | €279,714 | €244,436 | -€35,278 | -12.6% |
| Amounts receivable within one year | 40/41 | €43,031 | €33,853 | -€9,178 | -21.3% |
| Trade receivables | 40 | €13,392 | €23,170 | +€9,778 | +73.0% |
| Other amounts receivable | 41 | €29,639 | €10,683 | -€18,956 | -64.0% |
| Cash at bank and in hand | 54/58 | €221,135 | €199,197 | -€21,938 | -9.9% |
| Deferred charges and accrued income | 490/1 | €15,548 | €11,385 | -€4,162 | -26.8% |
| Total equity and liabilities | 10/49 | €1,228,541 | €1,153,734 | -€74,807 | -6.1% |
| Equity | 10/15 | €695,994 | €693,380 | -€2,614 | -0.4% |
| Contributions | 10/11 | €197,000 | €197,000 | = | 0.0% |
| Capital | 10 | €197,000 | €197,000 | = | 0.0% |
| Issued capital | 100 | €197,000 | €197,000 | = | 0.0% |
| Reserves | 13 | €498,994 | €496,380 | -€2,614 | -0.5% |
| Non-distributable reserves | 130/1 | €19,700 | €19,700 | = | 0.0% |
| Legal reserve | 130 | €19,700 | €19,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €465,294 | €462,680 | -€2,614 | -0.6% |
| Amounts payable | 17/49 | €532,547 | €460,354 | -€72,193 | -13.6% |
| Amounts payable after more than one year | 17 | €331,711 | €285,589 | -€46,123 | -13.9% |
| Financial debts | 170/4 | €331,711 | €285,589 | -€46,123 | -13.9% |
| Amounts payable within one year | 42/48 | €193,880 | €174,765 | -€19,115 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €58,189 | €46,123 | -€12,067 | -20.7% |
| Trade debts | 44 | €8,013 | €3,499 | -€4,514 | -56.3% |
| Suppliers | 440/4 | €8,013 | €3,499 | -€4,514 | -56.3% |
| Taxes, remuneration and social security | 45 | €3,743 | €857 | -€2,886 | -77.1% |
| Taxes | 450/3 | €3,743 | €857 | -€2,886 | -77.1% |
| Other amounts payable | 47/48 | €123,934 | €124,286 | +€352 | +0.3% |
| Accrued charges and deferred income | 492/3 | €6,956 | - | -€6,956 | |
| Remuneration, social security and pensions | 62 | €48,202 | €88 | -€48,114 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,704 | €45,183 | -€3,521 | -7.2% |
| Other operating charges | 640/8 | €7,092 | €6,607 | -€485 | -6.8% |
| Gross operating margin | 9900 | €130,573 | €63,736 | -€66,837 | -51.2% |
| Operating profit (loss) | 9901 | €26,575 | €11,858 | -€14,717 | -55.4% |
| Financial income | 75/76B | €1,664 | €2,429 | +€765 | +46.0% |
| Recurring financial income | 75 | €1,664 | €2,429 | +€765 | +46.0% |
| Financial charges | 65/66B | €21,801 | €10,805 | -€10,996 | -50.4% |
| Recurring financial charges | 65 | €21,107 | €8,054 | -€13,054 | -61.8% |
| Non-recurring financial charges | 66B | €694 | €2,752 | +€2,058 | +296.7% |
| Profit (loss) for the period before taxes | 9903 | €6,439 | €3,482 | -€2,956 | -45.9% |
| Income taxes | 67/77 | €4,317 | €6,096 | +€1,779 | +41.2% |
| Profit (loss) for the period | 9904 | €2,122 | -€2,614 | -€4,736 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,122 | -€2,614 | -€4,736 |
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 9 October 2026 via checked.be.