WIM BEYAERT PROJECTS: 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.
WIM BEYAERT PROJECTS
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+2,410%), from €55,897 to €1.4m
of which Trade receivables: +€1.4m
- Stocks and contracts -€1.0m
down €1.0m (-38.5%), from €2.7m to €1.7m
- Current investments +€380,000
up €380,000 (+1,900%), from €20,000 to €400,000
- Tangible fixed assets +€191,552
new in 2025: €191,552
- Other debts +€520,000
up €520,000 (+21.8%), from €2.4m to €2.9m
- Reserves +€362,255
up €362,255 (+123%), from €294,621 to €656,876
of which Distributable reserves: +€362,255
- Gross operating margin +€358,196
up €358,196 (+316%), from €113,344 to €471,540
- Taxes +€85,581
up €85,581 (+234%), from €36,505 to €122,086
- Financial income -€15,220
down €15,220 (-44.1%), from €34,480 to €19,261
- Depreciation +€4,963
new in 2025: €4,963
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 | €2,837,268 | €3,713,391 | +€876,123 | +30.9% |
| Fixed assets | 21/28 | €1 | €191,553 | +€191,552 | +19,155,199% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | - | €191,552 | +€191,552 | |
| Land and buildings | 22 | - | €191,552 | +€191,552 | |
| Current assets | 29/58 | €2,837,267 | €3,521,838 | +€684,571 | +24.1% |
| Stocks and contracts in progress | 3 | €2,684,658 | €1,650,160 | -€1.0m | -38.5% |
| Stocks | 30/36 | €2,684,658 | €1,650,160 | -€1.0m | -38.5% |
| Amounts receivable within one year | 40/41 | €55,897 | €1,402,995 | +€1.3m | +2,410% |
| Trade receivables | 40 | €14,983 | €1,397,147 | +€1.4m | +9,225% |
| Other amounts receivable | 41 | €40,914 | €5,848 | -€35,066 | -85.7% |
| Current investments | 50/53 | €20,000 | €400,000 | +€380,000 | +1,900% |
| Cash at bank and in hand | 54/58 | €76,712 | €68,683 | -€8,029 | -10.5% |
| Total equity and liabilities | 10/49 | €2,837,268 | €3,713,391 | +€876,123 | +30.9% |
| Equity | 10/15 | €319,621 | €681,876 | +€362,255 | +113% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €294,621 | €656,876 | +€362,255 | +123% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €292,121 | €654,376 | +€362,255 | +124% |
| Amounts payable | 17/49 | €2,517,647 | €3,031,515 | +€513,868 | +20.4% |
| Amounts payable within one year | 42/48 | €2,517,647 | €3,031,515 | +€513,868 | +20.4% |
| Trade debts | 44 | €83,514 | €66,386 | -€17,128 | -20.5% |
| Suppliers | 440/4 | €83,514 | €66,386 | -€17,128 | -20.5% |
| Taxes, remuneration and social security | 45 | €54,133 | €65,129 | +€10,996 | +20.3% |
| Taxes | 450/3 | €54,133 | €65,129 | +€10,996 | +20.3% |
| Other amounts payable | 47/48 | €2,380,000 | €2,900,000 | +€520,000 | +21.8% |
| Non-recurring operating income | 76A | €27,498 | €0 | -€27,498 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,963 | +€4,963 | |
| Other operating charges | 640/8 | €1,438 | €1,178 | -€260 | -18.1% |
| Gross operating margin | 9900 | €113,344 | €471,540 | +€358,196 | +316% |
| Operating profit (loss) | 9901 | €111,907 | €465,400 | +€353,493 | +316% |
| Financial income | 75/76B | €34,480 | €19,261 | -€15,220 | -44.1% |
| Recurring financial income | 75 | €34,480 | €19,261 | -€15,220 | -44.1% |
| Financial charges | 65/66B | €483 | €320 | -€163 | -33.8% |
| Recurring financial charges | 65 | €483 | €320 | -€163 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €145,904 | €484,341 | +€338,436 | +232% |
| Income taxes | 67/77 | €36,505 | €122,086 | +€85,581 | +234% |
| Profit (loss) for the period | 9904 | €109,399 | €362,255 | +€252,855 | +231% |
| Profit (loss) for the period to be appropriated | 9905 | €109,399 | €362,255 | +€252,855 | +231% |
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 21 October 2026 via checked.be.