BEAFER: 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.
BEAFER
Largest movements
- Cash +€41,858
up €41,858 (+15.5%), from €270,515 to €312,373
mainly Depreciation (+€41,181) and Net result for the year (+€34,616)
- Tangible fixed assets -€41,181
down €41,181 (-9.6%), from €427,668 to €386,487
- Reserves +€34,616
up €34,616 (+15.4%), from €225,026 to €259,641
of which Distributable reserves: +€34,616
- Debts after one year -€28,467
down €28,467 (-8.5%), from €335,953 to €307,486
of which Financial debts: -€28,571
- Gross operating margin -€11,763
down €11,763 (-8.5%), from €138,423 to €126,660
- Financial charges -€5,110
down €5,110 (-24.2%), from €21,132 to €16,022
- Taxes -€2,125
down €2,125 (-11.6%), from €18,279 to €16,154
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 | €709,760 | €711,695 | +€1,935 | +0.3% |
| Fixed assets | 21/28 | €427,668 | €386,487 | -€41,181 | -9.6% |
| Tangible fixed assets | 22/27 | €427,668 | €386,487 | -€41,181 | -9.6% |
| Land and buildings | 22 | €427,668 | €386,487 | -€41,181 | -9.6% |
| Current assets | 29/58 | €282,091 | €325,208 | +€43,116 | +15.3% |
| Amounts receivable within one year | 40/41 | €7,325 | €8,421 | +€1,096 | +15.0% |
| Other amounts receivable | 41 | €7,325 | €8,421 | +€1,096 | +15.0% |
| Cash at bank and in hand | 54/58 | €270,515 | €312,373 | +€41,858 | +15.5% |
| Deferred charges and accrued income | 490/1 | €4,252 | €4,415 | +€163 | +3.8% |
| Total equity and liabilities | 10/49 | €709,760 | €711,695 | +€1,935 | +0.3% |
| Equity | 10/15 | €286,526 | €321,141 | +€34,616 | +12.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €225,026 | €259,641 | +€34,616 | +15.4% |
| Non-distributable reserves | 130/1 | €10,604 | €10,604 | = | 0.0% |
| Legal reserve | 130 | €10,604 | €10,604 | = | 0.0% |
| Distributable reserves | 133 | €214,422 | €249,037 | +€34,616 | +16.1% |
| Amounts payable | 17/49 | €423,234 | €390,553 | -€32,680 | -7.7% |
| Amounts payable after more than one year | 17 | €335,953 | €307,486 | -€28,467 | -8.5% |
| Financial debts | 170/4 | €330,953 | €302,381 | -€28,571 | -8.6% |
| Other amounts payable | 178/9 | €5,001 | €5,105 | +€104 | +2.1% |
| Amounts payable within one year | 42/48 | €79,489 | €78,768 | -€721 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €28,571 | €28,571 | = | 0.0% |
| Trade debts | 44 | €2,356 | €907 | -€1,449 | -61.5% |
| Suppliers | 440/4 | €2,356 | €907 | -€1,449 | -61.5% |
| Taxes, remuneration and social security | 45 | €2,325 | €279 | -€2,046 | -88.0% |
| Taxes | 450/3 | €2,325 | €279 | -€2,046 | -88.0% |
| Other amounts payable | 47/48 | €46,237 | €49,011 | +€2,774 | +6.0% |
| Accrued charges and deferred income | 492/3 | €7,791 | €4,299 | -€3,492 | -44.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,181 | €41,181 | = | 0.0% |
| Other operating charges | 640/8 | €18,975 | €18,970 | -€6 | 0.0% |
| Gross operating margin | 9900 | €138,423 | €126,660 | -€11,763 | -8.5% |
| Operating profit (loss) | 9901 | €78,267 | €66,510 | -€11,757 | -15.0% |
| Financial income | 75/76B | €315 | €282 | -€33 | -10.4% |
| Recurring financial income | 75 | €315 | €282 | -€33 | -10.4% |
| Financial charges | 65/66B | €21,132 | €16,022 | -€5,110 | -24.2% |
| Recurring financial charges | 65 | €21,132 | €16,022 | -€5,110 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €57,450 | €50,770 | -€6,680 | -11.6% |
| Income taxes | 67/77 | €18,279 | €16,154 | -€2,125 | -11.6% |
| Profit (loss) for the period | 9904 | €39,170 | €34,616 | -€4,554 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,170 | €34,616 | -€4,554 | -11.6% |
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 8 October 2026 via checked.be.