VAN BEERS PROJECTS: 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.
VAN BEERS PROJECTS
Largest movements
- Stocks and contracts +€78,935
up €78,935 (+40.5%), from €194,966 to €273,901
of which Contracts in progress: +€84,575
- Cash -€40,332
down €40,332 (-55.7%), from €72,402 to €32,070
mainly Stocks and contracts (-€78,935) and Debts after one year (-€59,788)
- Tangible fixed assets -€20,313
down €20,313 (-49.3%), from €41,216 to €20,903
of which Furniture and vehicles: -€13,290
- Receivables within one year +€11,155
up €11,155 (+6.6%), from €170,051 to €181,205
of which Trade receivables: +€15,460
- Reserves +€97,053
up €97,053 (+32.3%), from €300,861 to €397,914
- Debts after one year -€59,788
down €59,788 (-33.0%), from €180,943 to €121,155
of which Other amounts payable: -€36,000
- Accrued charges and deferred income -€10,944
down €10,944 (-83.3%), from €13,143 to €2,199
- Short-term financial debts +€10,118
up €10,118 (+7.2%), from €140,000 to €150,118
- Gross operating margin +€87,144
up €87,144 (+46.1%), from €189,227 to €276,371
- Staff costs +€39,429
up €39,429 (+133.0%), from €29,644 to €69,073
- Other operating charges +€23,673
up €23,673 (+427.5%), from €5,537 to €29,210
- Taxes +€5,623
up €5,623 (+16.2%), from €34,814 to €40,437
- Financial charges +€3,456
up €3,456 (+27.3%), from €12,678 to €16,134
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 | €879,816 | €910,808 | +€30,993 | +3.5% |
| Fixed assets | 21/28 | €434,428 | €419,515 | -€14,913 | -3.4% |
| Tangible fixed assets | 22/27 | €41,216 | €20,903 | -€20,313 | -49.3% |
| Land and buildings | 22 | €3,307 | €2,810 | -€497 | -15.0% |
| Plant, machinery and equipment | 23 | €9,198 | €3,171 | -€6,027 | -65.5% |
| Furniture and vehicles | 24 | €28,212 | €14,921 | -€13,290 | -47.1% |
| Leasing and similar rights | 25 | €499 | €0 | -€499 | -100.0% |
| Financial fixed assets | 28 | €393,212 | €398,612 | +€5,400 | +1.4% |
| Current assets | 29/58 | €445,388 | €491,293 | +€45,906 | +10.3% |
| Stocks and contracts in progress | 3 | €194,966 | €273,901 | +€78,935 | +40.5% |
| Stocks | 30/36 | €15,468 | €9,828 | -€5,640 | -36.5% |
| Contracts in progress | 37 | €179,498 | €264,073 | +€84,575 | +47.1% |
| Amounts receivable within one year | 40/41 | €170,051 | €181,205 | +€11,155 | +6.6% |
| Trade receivables | 40 | €159,107 | €174,567 | +€15,460 | +9.7% |
| Other amounts receivable | 41 | €10,943 | €6,638 | -€4,305 | -39.3% |
| Cash at bank and in hand | 54/58 | €72,402 | €32,070 | -€40,332 | -55.7% |
| Deferred charges and accrued income | 490/1 | €7,969 | €4,117 | -€3,852 | -48.3% |
| Total equity and liabilities | 10/49 | €879,816 | €910,808 | +€30,993 | +3.5% |
| Equity | 10/15 | €319,461 | €416,514 | +€97,053 | +30.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €300,861 | €397,914 | +€97,053 | +32.3% |
| Distributable reserves | 133 | €300,861 | €397,914 | +€97,053 | +32.3% |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €530,355 | €464,294 | -€66,061 | -12.5% |
| Amounts payable after more than one year | 17 | €180,943 | €121,155 | -€59,788 | -33.0% |
| Financial debts | 170/4 | €62,943 | €39,155 | -€23,788 | -37.8% |
| Other amounts payable | 178/9 | €118,000 | €82,000 | -€36,000 | -30.5% |
| Amounts payable within one year | 42/48 | €336,269 | €340,941 | +€4,672 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €63,302 | €59,788 | -€3,514 | -5.6% |
| Financial debts | 43 | €140,000 | €150,118 | +€10,118 | +7.2% |
| Credit institutions | 430/8 | €140,000 | €150,118 | +€10,118 | +7.2% |
| Trade debts | 44 | €85,610 | €86,957 | +€1,347 | +1.6% |
| Suppliers | 440/4 | €85,610 | €86,957 | +€1,347 | +1.6% |
| Taxes, remuneration and social security | 45 | €16,595 | €13,057 | -€3,537 | -21.3% |
| Taxes | 450/3 | €14,595 | €11,057 | -€3,537 | -24.2% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €30,762 | €31,021 | +€259 | +0.8% |
| Accrued charges and deferred income | 492/3 | €13,143 | €2,199 | -€10,944 | -83.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €29,644 | €69,073 | +€39,429 | +133.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,686 | €25,825 | +€139 | +0.5% |
| Other operating charges | 640/8 | €5,537 | €29,210 | +€23,673 | +427.5% |
| Gross operating margin | 9900 | €189,227 | €276,371 | +€87,144 | +46.1% |
| Operating profit (loss) | 9901 | €128,360 | €152,264 | +€23,904 | +18.6% |
| Financial income | 75/76B | €4,384 | €1,360 | -€3,024 | -69.0% |
| Recurring financial income | 75 | €4,384 | €1,360 | -€3,024 | -69.0% |
| Financial charges | 65/66B | €12,678 | €16,134 | +€3,456 | +27.3% |
| Recurring financial charges | 65 | €12,678 | €16,134 | +€3,456 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €120,066 | €137,490 | +€17,424 | +14.5% |
| Income taxes | 67/77 | €34,814 | €40,437 | +€5,623 | +16.2% |
| Profit (loss) for the period | 9904 | €85,253 | €97,053 | +€11,801 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,253 | €97,053 | +€11,801 | +13.8% |
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 6 October 2026 via checked.be.