NEW BEAM: what changed
Two fiscal 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.
NEW BEAM
Largest movements
- Tangible fixed assets -€36,583
down €36,583 (-3.9%), from €946,373 to €909,791
of which Land and buildings: -€167,065
- Reserves -€18,654
down €18,654 (-3.9%), from €481,218 to €462,565
of which Tax-exempt reserves: -€18,654
- Profit (loss) carried forward -€16,595
down €16,595 (-13.9%), from -€119,412 to -€136,007
- Gross operating margin +€137,614
up €137,614, from -€4,781 to €132,833
- Depreciation +€3,627
up €3,627 (+11.0%), from €32,956 to €36,583
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 | €952,084 | €911,647 | -€40,437 | -4.2% |
| Fixed assets | 21/28 | €946,373 | €909,791 | -€36,583 | -3.9% |
| Tangible fixed assets | 22/27 | €946,373 | €909,791 | -€36,583 | -3.9% |
| Land and buildings | 22 | €943,829 | €776,765 | -€167,065 | -17.7% |
| Plant, machinery and equipment | 23 | €2,544 | €1,981 | -€563 | -22.1% |
| Other tangible fixed assets | 26 | - | €131,045 | +€131,045 | |
| Current assets | 29/58 | €5,710 | €1,856 | -€3,854 | -67.5% |
| Amounts receivable within one year | 40/41 | €68 | €0 | -€68 | -100.0% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €68 | - | -€68 | |
| Cash at bank and in hand | 54/58 | €5,643 | €1,856 | -€3,786 | -67.1% |
| Total equity and liabilities | 10/49 | €952,084 | €911,647 | -€40,437 | -4.2% |
| Equity | 10/15 | €529,374 | €494,125 | -€35,249 | -6.7% |
| Contributions | 10/11 | €167,568 | €167,568 | = | 0.0% |
| Outside capital | 11 | €167,568 | - | -€167,568 | |
| Other | 1109/19 | €167,568 | - | -€167,568 | |
| Reserves | 13 | €481,218 | €462,565 | -€18,654 | -3.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €475,018 | €456,365 | -€18,654 | -3.9% |
| Profit (loss) carried forward | 14 | -€119,412 | -€136,007 | -€16,595 | -13.9% |
| Provisions and deferred taxes | 16 | €158,339 | €152,122 | -€6,218 | -3.9% |
| Deferred taxes | 168 | €158,339 | €152,122 | -€6,218 | -3.9% |
| Amounts payable | 17/49 | €264,370 | €265,400 | +€1,030 | +0.4% |
| Amounts payable within one year | 42/48 | €264,370 | €265,400 | +€1,030 | +0.4% |
| Trade debts | 44 | - | €30 | +€30 | |
| Suppliers | 440/4 | - | €30 | +€30 | |
| Other amounts payable | 47/48 | €264,370 | €265,370 | +€1,000 | +0.4% |
| Non-recurring operating income | 76A | - | €136,007 | +€136,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,956 | €36,583 | +€3,627 | +11.0% |
| Other operating charges | 640/8 | €315 | €998 | +€683 | +216.7% |
| Gross operating margin | 9900 | -€4,781 | €132,833 | +€137,614 | |
| Operating profit (loss) | 9901 | -€38,051 | €95,252 | +€133,304 | |
| Financial income | 75/76B | €28 | €0 | -€28 | -99.6% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -99.6% |
| Financial charges | 65/66B | €495 | €720 | +€226 | +45.7% |
| Recurring financial charges | 65 | €495 | €720 | +€226 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | -€38,518 | €94,532 | +€133,050 | |
| Transfer from deferred taxes | 780 | €6,137 | €6,218 | +€80 | +1.3% |
| Income taxes | 67/77 | €9 | -€8 | -€17 | |
| Profit (loss) for the period | 9904 | -€32,389 | €100,758 | +€133,147 | |
| Transfer from tax-exempt reserves | 789 | €18,412 | €18,654 | +€241 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,977 | €119,412 | +€133,389 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.