VOGELHANDEL BEERNAERT: 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.
VOGELHANDEL BEERNAERT
Largest movements
- Tangible fixed assets -€35,876
down €35,876 (-7.4%), from €487,630 to €451,754
of which Land and buildings: -€19,364
- Receivables within one year -€25,764
down €25,764 (-22.1%), from €116,761 to €90,997
of which Trade receivables: -€27,870
- Cash -€21,639
down €21,639 (-25.4%), from €85,351 to €63,712
mainly Debts after one year (-€51,219) and Trade debts (-€41,244)
- Reserves +€53,632
up €53,632 (+45.6%), from €117,733 to €171,365
of which Distributable reserves: +€55,073
- Debts after one year -€51,219
down €51,219 (-22.2%), from €231,160 to €179,941
- Trade debts -€41,244
down €41,244 (-21.9%), from €188,759 to €147,515
- Tax, wage and social debts -€30,841
down €30,841 (-61.6%), from €50,082 to €19,242
of which Taxes: -€30,078
- Other debts -€20,775
down €20,775 (-12.4%), from €167,703 to €146,928
- Gross operating margin -€41,742
down €41,742 (-18.4%), from €226,362 to €184,619
- Taxes -€16,695
down €16,695 (-36.3%), from €46,040 to €29,345
- Write-downs +€7,678
new in 2025: €7,678
- Other operating charges +€4,629
up €4,629 (+66.0%), from €7,009 to €11,638
- Staff costs -€3,407
down €3,407 (-12.9%), from €26,394 to €22,987
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 | €812,770 | €724,291 | -€88,478 | -10.9% |
| Fixed assets | 21/28 | €487,630 | €451,754 | -€35,876 | -7.4% |
| Tangible fixed assets | 22/27 | €487,630 | €451,754 | -€35,876 | -7.4% |
| Land and buildings | 22 | €405,581 | €386,217 | -€19,364 | -4.8% |
| Plant, machinery and equipment | 23 | €22,742 | €22,227 | -€515 | -2.3% |
| Furniture and vehicles | 24 | €59,306 | €43,310 | -€15,997 | -27.0% |
| Current assets | 29/58 | €325,140 | €272,538 | -€52,602 | -16.2% |
| Stocks and contracts in progress | 3 | €117,200 | €112,690 | -€4,510 | -3.8% |
| Stocks | 30/36 | €117,200 | €112,690 | -€4,510 | -3.8% |
| Amounts receivable within one year | 40/41 | €116,761 | €90,997 | -€25,764 | -22.1% |
| Trade receivables | 40 | €115,329 | €87,459 | -€27,870 | -24.2% |
| Other amounts receivable | 41 | €1,431 | €3,538 | +€2,106 | +147% |
| Cash at bank and in hand | 54/58 | €85,351 | €63,712 | -€21,639 | -25.4% |
| Deferred charges and accrued income | 490/1 | €5,828 | €5,139 | -€689 | -11.8% |
| Total equity and liabilities | 10/49 | €812,770 | €724,291 | -€88,478 | -10.9% |
| Equity | 10/15 | €121,333 | €174,965 | +€53,632 | +44.2% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €117,733 | €171,365 | +€53,632 | +45.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €13,643 | €12,202 | -€1,441 | -10.6% |
| Distributable reserves | 133 | €104,089 | €159,163 | +€55,073 | +52.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €3,411 | €3,051 | -€360 | -10.6% |
| Deferred taxes | 168 | €3,411 | €3,051 | -€360 | -10.6% |
| Amounts payable | 17/49 | €688,026 | €546,276 | -€141,750 | -20.6% |
| Amounts payable after more than one year | 17 | €231,160 | €179,941 | -€51,219 | -22.2% |
| Financial debts | 170/4 | €231,160 | €179,941 | -€51,219 | -22.2% |
| Amounts payable within one year | 42/48 | €455,846 | €364,903 | -€90,943 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €49,302 | €51,219 | +€1,917 | +3.9% |
| Trade debts | 44 | €188,759 | €147,515 | -€41,244 | -21.9% |
| Suppliers | 440/4 | €188,759 | €147,515 | -€41,244 | -21.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €50,082 | €19,242 | -€30,841 | -61.6% |
| Taxes | 450/3 | €44,683 | €14,604 | -€30,078 | -67.3% |
| Remuneration and social security | 454/9 | €5,400 | €4,637 | -€762 | -14.1% |
| Other amounts payable | 47/48 | €167,703 | €146,928 | -€20,775 | -12.4% |
| Accrued charges and deferred income | 492/3 | €1,020 | €1,431 | +€411 | +40.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €26,394 | €22,987 | -€3,407 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,714 | €39,052 | +€2,338 | +6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,678 | +€7,678 | |
| Other operating charges | 640/8 | €7,009 | €11,638 | +€4,629 | +66.0% |
| Gross operating margin | 9900 | €226,362 | €184,619 | -€41,742 | -18.4% |
| Operating profit (loss) | 9901 | €156,245 | €103,265 | -€52,980 | -33.9% |
| Financial income | 75/76B | €1,189 | €2,196 | +€1,007 | +84.6% |
| Recurring financial income | 75 | €1,189 | €2,196 | +€1,007 | +84.6% |
| Financial charges | 65/66B | €23,435 | €21,177 | -€2,258 | -9.6% |
| Recurring financial charges | 65 | €23,435 | €21,177 | -€2,258 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €133,999 | €84,283 | -€49,716 | -37.1% |
| Transfer from deferred taxes | 780 | €360 | €360 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €46,040 | €29,345 | -€16,695 | -36.3% |
| Profit (loss) for the period | 9904 | €88,319 | €55,298 | -€33,020 | -37.4% |
| Transfer from tax-exempt reserves | 789 | €1,441 | €1,441 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €89,760 | €56,739 | -€33,020 | -36.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.