BEADS BELGIUM: 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.
BEADS BELGIUM
Largest movements
- Receivables within one year -€290,022
down €290,022 (-8.8%), from €3.3m to €3.0m
of which Trade receivables: -€277,256
- Deferred charges and accrued income +€38,580
up €38,580 (+303%), from €12,723 to €51,303
- Other debts -€670,907
down €670,907 (-54.1%), from €1.2m to €570,276
- Trade debts +€397,833
up €397,833 (+28.1%), from €1.4m to €1.8m
- Tax, wage and social debts +€58,630
up €58,630 (+22.7%), from €258,430 to €317,060
of which Taxes: +€52,956
- Profit (loss) carried forward -€43,927
down €43,927 (-23.6%), from €186,399 to €142,472
- Services and other goods -€353,922
down €353,922 (-58.0%), from €610,344 to €256,423
- Turnover -€335,481
down €335,481 (-23.9%), from €1.4m to €1.1m
- Staff costs +€59,556
up €59,556 (+7.8%), from €768,033 to €827,589
- Financial charges -€56,958
down €56,958 (-73.5%), from €77,502 to €20,544
of which Non-recurring financial charges: -€55,644
- Taxes -€24,169
down €24,169 (-99.2%), from €24,356 to €187
of which Taxes: -€24,385
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 | €3,424,155 | €3,165,784 | -€258,372 | -7.5% |
| Fixed assets | 21/28 | €120,441 | €113,768 | -€6,673 | -5.5% |
| Intangible fixed assets | 21 | €1,855 | €402 | -€1,453 | -78.4% |
| Tangible fixed assets | 22/27 | €118,585 | €113,366 | -€5,219 | -4.4% |
| Land and buildings | 22 | €100,000 | €100,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €14,138 | €12,026 | -€2,112 | -14.9% |
| Furniture and vehicles | 24 | €4,448 | €1,340 | -€3,107 | -69.9% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Affiliated companies | 280/1 | €0 | €0 | = | |
| Participating interests | 280 | €0 | €0 | = | |
| Amounts receivable | 281 | €0 | - | = | |
| Current assets | 29/58 | €3,303,715 | €3,052,016 | -€251,699 | -7.6% |
| Amounts receivable within one year | 40/41 | €3,290,735 | €3,000,713 | -€290,022 | -8.8% |
| Trade receivables | 40 | €3,277,969 | €3,000,713 | -€277,256 | -8.5% |
| Other amounts receivable | 41 | €12,766 | €0 | -€12,766 | -100% |
| Cash at bank and in hand | 54/58 | €257 | €0 | -€257 | -100% |
| Deferred charges and accrued income | 490/1 | €12,723 | €51,303 | +€38,580 | +303% |
| Total equity and liabilities | 10/49 | €3,424,155 | €3,165,784 | -€258,372 | -7.5% |
| Equity | 10/15 | €508,158 | €464,231 | -€43,927 | -8.6% |
| Contributions | 10/11 | €292,508 | €292,508 | = | 0.0% |
| Capital | 10 | €292,508 | €292,508 | = | 0.0% |
| Issued capital | 100 | €292,508 | €292,508 | = | 0.0% |
| Reserves | 13 | €29,251 | €29,251 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,251 | €29,251 | = | 0.0% |
| Legal reserve | 130 | €29,251 | €29,251 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,399 | €142,472 | -€43,927 | -23.6% |
| Amounts payable | 17/49 | €2,915,997 | €2,701,552 | -€214,444 | -7.4% |
| Amounts payable within one year | 42/48 | €2,915,997 | €2,701,552 | -€214,444 | -7.4% |
| Trade debts | 44 | €1,416,383 | €1,814,216 | +€397,833 | +28.1% |
| Suppliers | 440/4 | €1,416,383 | €1,814,216 | +€397,833 | +28.1% |
| Taxes, remuneration and social security | 45 | €258,430 | €317,060 | +€58,630 | +22.7% |
| Taxes | 450/3 | €117,699 | €170,655 | +€52,956 | +45.0% |
| Remuneration and social security | 454/9 | €140,731 | €146,405 | +€5,674 | +4.0% |
| Other amounts payable | 47/48 | €1,241,184 | €570,276 | -€670,907 | -54.1% |
| Operating income | 70/76A | €1,461,168 | €1,068,167 | -€393,002 | -26.9% |
| Turnover | 70 | €1,403,647 | €1,068,167 | -€335,481 | -23.9% |
| Non-recurring operating income | 76A | €57,521 | - | -€57,521 | |
| Operating charges | 60/66A | €1,387,563 | €1,091,363 | -€296,200 | -21.3% |
| Services and other goods | 61 | €610,344 | €256,423 | -€353,922 | -58.0% |
| Remuneration, social security and pensions | 62 | €768,033 | €827,589 | +€59,556 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,022 | €6,673 | -€2,349 | -26.0% |
| Other operating charges | 640/8 | €164 | €679 | +€514 | +313% |
| Operating profit (loss) | 9901 | €73,605 | -€23,197 | -€96,802 | |
| Financial charges | 65/66B | €77,502 | €20,544 | -€56,958 | -73.5% |
| Recurring financial charges | 65 | €21,858 | €20,544 | -€1,314 | -6.0% |
| Debt charges | 650 | €14,210 | €17,481 | +€3,271 | +23.0% |
| Other financial charges | 652/9 | €7,648 | €3,063 | -€4,586 | -60.0% |
| Non-recurring financial charges | 66B | €55,644 | - | -€55,644 | |
| Profit (loss) for the period before taxes | 9903 | -€3,896 | -€43,740 | -€39,844 | -1,023% |
| Income taxes | 67/77 | €24,356 | €187 | -€24,169 | -99.2% |
| Taxes | 670/3 | €24,572 | €187 | -€24,385 | -99.2% |
| Tax adjustments and reversals of tax provisions | 77 | €215 | - | -€215 | |
| Profit (loss) for the period | 9904 | -€28,252 | -€43,927 | -€15,675 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,252 | -€43,927 | -€15,675 | -55.5% |
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.