Beeldmeester: 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.
Beeldmeester
Largest movements
- Cash +€124,098
up €124,098 (+146%), from €85,038 to €209,136
mainly Receivables within one year (+€63,036) and Depreciation (+€39,698)
- Receivables within one year -€63,036
down €63,036 (-69.4%), from €90,826 to €27,790
of which Trade receivables: -€59,987
- Tangible fixed assets -€30,696
down €30,696 (-24.4%), from €126,048 to €95,352
of which Furniture and vehicles: -€15,812
- Current investments -€20,000
down €20,000 (-25.0%), from €80,000 to €60,000
- Reserves +€30,541
up €30,541 (+9.6%), from €318,967 to €349,508
- Debts after one year -€9,466
down €9,466 (-55.7%), from €17,010 to €7,544
- Current portion of long-term debt -€8,318
down €8,318 (-46.8%), from €17,784 to €9,466
- Gross operating margin -€16,698
down €16,698 (-17.1%), from €97,722 to €81,024
- Taxes -€4,877
down €4,877 (-27.4%), from €17,774 to €12,897
- Financial income +€3,021
up €3,021 (+197%), from €1,532 to €4,553
- Depreciation +€1,206
up €1,206 (+3.1%), from €38,492 to €39,698
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 | €386,703 | €397,515 | +€10,813 | +2.8% |
| Fixed assets | 21/28 | €126,048 | €95,352 | -€30,696 | -24.4% |
| Tangible fixed assets | 22/27 | €126,048 | €95,352 | -€30,696 | -24.4% |
| Land and buildings | 22 | €31,463 | €29,043 | -€2,420 | -7.7% |
| Plant, machinery and equipment | 23 | €59,218 | €46,755 | -€12,464 | -21.0% |
| Furniture and vehicles | 24 | €35,367 | €19,555 | -€15,812 | -44.7% |
| Current assets | 29/58 | €260,654 | €302,163 | +€41,509 | +15.9% |
| Amounts receivable within one year | 40/41 | €90,826 | €27,790 | -€63,036 | -69.4% |
| Trade receivables | 40 | €83,312 | €23,325 | -€59,987 | -72.0% |
| Other amounts receivable | 41 | €7,514 | €4,465 | -€3,049 | -40.6% |
| Current investments | 50/53 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €85,038 | €209,136 | +€124,098 | +146% |
| Deferred charges and accrued income | 490/1 | €4,791 | €5,237 | +€446 | +9.3% |
| Total equity and liabilities | 10/49 | €386,703 | €397,515 | +€10,813 | +2.8% |
| Equity | 10/15 | €337,567 | €368,108 | +€30,541 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €318,967 | €349,508 | +€30,541 | +9.6% |
| Distributable reserves | 133 | €318,967 | €349,508 | +€30,541 | +9.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,136 | €29,407 | -€19,729 | -40.2% |
| Amounts payable after more than one year | 17 | €17,010 | €7,544 | -€9,466 | -55.7% |
| Financial debts | 170/4 | €17,010 | €7,544 | -€9,466 | -55.7% |
| Amounts payable within one year | 42/48 | €32,126 | €21,863 | -€10,263 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €17,784 | €9,466 | -€8,318 | -46.8% |
| Trade debts | 44 | €1,590 | €1,678 | +€88 | +5.5% |
| Suppliers | 440/4 | €1,590 | €1,678 | +€88 | +5.5% |
| Taxes, remuneration and social security | 45 | €8,551 | €6,578 | -€1,972 | -23.1% |
| Taxes | 450/3 | €8,551 | €6,578 | -€1,972 | -23.1% |
| Other amounts payable | 47/48 | €4,201 | €4,141 | -€60 | -1.4% |
| Non-recurring operating income | 76A | €13,000 | €0 | -€13,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,492 | €39,698 | +€1,206 | +3.1% |
| Other operating charges | 640/8 | €1,226 | €1,151 | -€74 | -6.1% |
| Non-recurring operating charges | 66A | €296 | €0 | -€296 | -100% |
| Gross operating margin | 9900 | €97,722 | €81,024 | -€16,698 | -17.1% |
| Operating profit (loss) | 9901 | €57,708 | €40,175 | -€17,533 | -30.4% |
| Financial income | 75/76B | €1,532 | €4,553 | +€3,021 | +197% |
| Recurring financial income | 75 | €1,532 | €4,553 | +€3,021 | +197% |
| Financial charges | 65/66B | €651 | €456 | -€195 | -29.9% |
| Recurring financial charges | 65 | €651 | €456 | -€195 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €58,590 | €44,272 | -€14,318 | -24.4% |
| Income taxes | 67/77 | €17,774 | €12,897 | -€4,877 | -27.4% |
| Profit (loss) for the period | 9904 | €40,815 | €31,374 | -€9,441 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,815 | €31,374 | -€9,441 | -23.1% |
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 30 October 2026 via checked.be.