J. Beckx: 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.
J. Beckx
Largest movements
- Stocks and contracts +€113,531
up €113,531 (+9.7%), from €1.2m to €1.3m
- Cash +€104,520
up €104,520 (+432%), from €24,222 to €128,741
mainly Trade debts (+€180,291) and Short-term financial debts (+€150,000)
- Receivables within one year +€61,399
up €61,399 (+17.8%), from €344,437 to €405,836
of which Trade receivables: +€80,449
- Tangible fixed assets +€27,829
up €27,829 (+14.9%), from €187,056 to €214,885
of which Furniture and vehicles: +€52,239
- Trade debts +€180,291
up €180,291 (+39.4%), from €458,059 to €638,350
- Short-term financial debts +€150,000
up €150,000 (+33.3%), from €450,000 to €600,000
- Debts after one year -€52,704
down €52,704 (-28.2%), from €186,587 to €133,883
- Current portion of long-term debt +€30,650
up €30,650 (+22.6%), from €135,564 to €166,213
- Gross operating margin +€75,290
up €75,290 (+10.6%), from €710,615 to €785,904
- Staff costs +€57,098
up €57,098 (+11.4%), from €499,886 to €556,985
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 | €1,734,698 | €2,052,098 | +€317,399 | +18.3% |
| Fixed assets | 21/28 | €187,056 | €214,885 | +€27,829 | +14.9% |
| Tangible fixed assets | 22/27 | €187,056 | €214,885 | +€27,829 | +14.9% |
| Land and buildings | 22 | €159,176 | €126,844 | -€32,331 | -20.3% |
| Plant, machinery and equipment | 23 | €20,273 | €28,194 | +€7,921 | +39.1% |
| Furniture and vehicles | 24 | €7,607 | €59,846 | +€52,239 | +687% |
| Current assets | 29/58 | €1,547,643 | €1,837,213 | +€289,570 | +18.7% |
| Stocks and contracts in progress | 3 | €1,169,586 | €1,283,117 | +€113,531 | +9.7% |
| Stocks | 30/36 | €1,169,586 | €1,283,117 | +€113,531 | +9.7% |
| Amounts receivable within one year | 40/41 | €344,437 | €405,836 | +€61,399 | +17.8% |
| Trade receivables | 40 | €312,005 | €392,454 | +€80,449 | +25.8% |
| Other amounts receivable | 41 | €32,432 | €13,382 | -€19,050 | -58.7% |
| Cash at bank and in hand | 54/58 | €24,222 | €128,741 | +€104,520 | +432% |
| Deferred charges and accrued income | 490/1 | €9,398 | €19,519 | +€10,121 | +108% |
| Total equity and liabilities | 10/49 | €1,734,698 | €2,052,098 | +€317,399 | +18.3% |
| Equity | 10/15 | €410,879 | €424,738 | +€13,859 | +3.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €392,287 | €406,146 | +€13,859 | +3.5% |
| Non-distributable reserves | 130/1 | - | €1,859 | +€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | €392,287 | €404,287 | +€12,000 | +3.1% |
| Amounts payable | 17/49 | €1,323,820 | €1,627,359 | +€303,540 | +22.9% |
| Amounts payable after more than one year | 17 | €186,587 | €133,883 | -€52,704 | -28.2% |
| Financial debts | 170/4 | €186,587 | €133,883 | -€52,704 | -28.2% |
| Amounts payable within one year | 42/48 | €1,137,232 | €1,493,476 | +€356,244 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €135,564 | €166,213 | +€30,650 | +22.6% |
| Financial debts | 43 | €450,000 | €600,000 | +€150,000 | +33.3% |
| Credit institutions | 430/8 | €450,000 | €600,000 | +€150,000 | +33.3% |
| Trade debts | 44 | €458,059 | €638,350 | +€180,291 | +39.4% |
| Suppliers | 440/4 | €458,059 | €638,350 | +€180,291 | +39.4% |
| Taxes, remuneration and social security | 45 | €77,990 | €86,859 | +€8,869 | +11.4% |
| Taxes | 450/3 | €19,495 | €20,233 | +€738 | +3.8% |
| Remuneration and social security | 454/9 | €58,495 | €66,626 | +€8,131 | +13.9% |
| Other amounts payable | 47/48 | €15,619 | €2,054 | -€13,565 | -86.9% |
| Remuneration, social security and pensions | 62 | €499,886 | €556,985 | +€57,098 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,910 | €54,393 | +€5,483 | +11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €785 | +€785 | |
| Other operating charges | 640/8 | €14,306 | €12,235 | -€2,071 | -14.5% |
| Gross operating margin | 9900 | €710,615 | €785,904 | +€75,290 | +10.6% |
| Operating profit (loss) | 9901 | €147,512 | €161,506 | +€13,994 | +9.5% |
| Financial income | 75/76B | €2,202 | €8,736 | +€6,534 | +297% |
| Recurring financial income | 75 | €2,202 | €8,736 | +€6,534 | +297% |
| Financial charges | 65/66B | €52,714 | €48,967 | -€3,747 | -7.1% |
| Recurring financial charges | 65 | €52,714 | €48,967 | -€3,747 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €97,001 | €121,275 | +€24,274 | +25.0% |
| Income taxes | 67/77 | €22,612 | €30,416 | +€7,804 | +34.5% |
| Profit (loss) for the period | 9904 | €74,389 | €90,859 | +€16,471 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,389 | €90,859 | +€16,471 | +22.1% |
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 25 October 2026 via checked.be.