Philippe Beer: what changed
What changed
Philippe Beer
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€6,421
2024 · €10,110-€3,689
Equity
€694,663
2024 · €688,242+€6,421
Cash
€62,060
2024 · €39,980+€22,080
Balance sheet total
€836,208
2024 · €869,302-€33,094
Largest movements
Assets
- Receivables within one year -€29,228
down €29,228 (-68.6%), from €42,602 to €13,374
of which Trade receivables: -€23,676
- Tangible fixed assets -€28,291
down €28,291 (-3.6%), from €780,342 to €752,052
of which Land and buildings: -€20,944
- Cash +€22,080
up €22,080 (+55.2%), from €39,980 to €62,060
mainly Depreciation (+€30,662) and Receivables within one year (+€29,228)
Equity and liabilities
- Debts after one year -€38,189
down €38,189 (-29.7%), from €128,587 to €90,398
of which Financial debts: -€38,189
Income statement
- Staff costs +€41,481
new in 2025: €41,481
- Gross operating margin +€36,803
up €36,803 (+67.0%), from €54,922 to €91,726
- Financial charges -€2,710
down €2,710 (-35.4%), from €7,664 to €4,954
- Other operating charges +€2,119
up €2,119 (+37.6%), from €5,638 to €7,756
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,110
Gross operating margin
+€36,803
Staff costs
-€41,481
Depreciation
+€315
Other operating charges
-€2,119
Financial income
-€59
Financial charges
+€2,710
Taxes
+€141
Result 2025
€6,421
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€61,295
Investment
-€2,371
Financing
-€36,843
Cash 2024
€39,980
From operations (derived)
+€61,295
Net result for the year
+€6,421
Depreciation
+€30,662
Receivables within one year
+€29,228
Deferred charges and accrued income
-€2,344
Trade debts
-€6,480
Tax, wage and social debts
+€3,638
Other debts
+€547
Accrued charges and deferred income
-€378
Investment (derived)
-€2,371
Investment in fixed assets (net)
-€2,371
Financing
-€36,843
Debts after one year
-€38,189
Current portion of long-term debt
+€1,346
Cash 2025
€62,060
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €869,302 | €836,208 | -€33,094 | -3.8% |
| Fixed assets | 21/28 | €780,463 | €752,173 | -€28,291 | -3.6% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €780,342 | €752,052 | -€28,291 | -3.6% |
| Land and buildings | 22 | €754,137 | €733,193 | -€20,944 | -2.8% |
| Plant, machinery and equipment | 23 | €4,942 | €5,166 | +€224 | +4.5% |
| Furniture and vehicles | 24 | €21,263 | €13,692 | -€7,571 | -35.6% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €88,839 | €84,035 | -€4,804 | -5.4% |
| Amounts receivable within one year | 40/41 | €42,602 | €13,374 | -€29,228 | -68.6% |
| Trade receivables | 40 | €37,049 | €13,374 | -€23,676 | -63.9% |
| Other amounts receivable | 41 | €5,552 | €0 | -€5,552 | -100% |
| Cash at bank and in hand | 54/58 | €39,980 | €62,060 | +€22,080 | +55.2% |
| Deferred charges and accrued income | 490/1 | €6,257 | €8,601 | +€2,344 | +37.5% |
| Total equity and liabilities | 10/49 | €869,302 | €836,208 | -€33,094 | -3.8% |
| Equity | 10/15 | €688,242 | €694,663 | +€6,421 | +0.9% |
| Contributions | 10/11 | €712,600 | €712,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,218 | -€19,797 | +€6,421 | +24.5% |
| Amounts payable | 17/49 | €181,060 | €141,545 | -€39,515 | -21.8% |
| Amounts payable after more than one year | 17 | €128,587 | €90,398 | -€38,189 | -29.7% |
| Financial debts | 170/4 | €123,867 | €85,678 | -€38,189 | -30.8% |
| Other amounts payable | 178/9 | €4,720 | €4,720 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,543 | €49,594 | -€949 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €36,843 | €38,189 | +€1,346 | +3.7% |
| Trade debts | 44 | €12,064 | €5,584 | -€6,480 | -53.7% |
| Suppliers | 440/4 | €12,064 | €5,584 | -€6,480 | -53.7% |
| Taxes, remuneration and social security | 45 | €0 | €3,638 | +€3,638 | |
| Taxes | 450/3 | €0 | €3,540 | +€3,540 | |
| Remuneration and social security | 454/9 | - | €98 | +€98 | |
| Other amounts payable | 47/48 | €1,636 | €2,183 | +€547 | +33.4% |
| Accrued charges and deferred income | 492/3 | €1,931 | €1,553 | -€378 | -19.6% |
| Remuneration, social security and pensions | 62 | - | €41,481 | +€41,481 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,977 | €30,662 | -€315 | -1.0% |
| Other operating charges | 640/8 | €5,638 | €7,756 | +€2,119 | +37.6% |
| Gross operating margin | 9900 | €54,922 | €91,726 | +€36,803 | +67.0% |
| Operating profit (loss) | 9901 | €18,308 | €11,826 | -€6,482 | -35.4% |
| Financial income | 75/76B | €60 | €1 | -€59 | -98.4% |
| Recurring financial income | 75 | €60 | €1 | -€59 | -98.4% |
| Financial charges | 65/66B | €7,664 | €4,954 | -€2,710 | -35.4% |
| Recurring financial charges | 65 | €7,664 | €4,954 | -€2,710 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €10,703 | €6,873 | -€3,830 | -35.8% |
| Income taxes | 67/77 | €593 | €452 | -€141 | -23.8% |
| Profit (loss) for the period | 9904 | €10,110 | €6,421 | -€3,689 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,110 | €6,421 | -€3,689 | -36.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.