BEAGLE: 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.
BEAGLE
Largest movements
- Current investments -€27,127
down €27,127 (-7.9%), from €343,669 to €316,542
- Cash +€15,360
up €15,360 (+16.9%), from €91,118 to €106,478
mainly Current investments (+€27,127) and Other debts (+€10,028)
- Reserves -€26,994
down €26,994 (-4.2%), from €642,478 to €615,484
- Other debts +€10,028
new in 2025: €10,028
- Gross operating margin -€10,530
down €10,530 (-59.5%), from -€17,689 to -€28,219
- Financial income +€2,180
up €2,180 (+69.7%), from €3,130 to €5,310
- Depreciation +€1,418
up €1,418 (+97.8%), from €1,449 to €2,867
- Other operating charges -€1,233
down €1,233 (-55.0%), from €2,241 to €1,008
- Taxes -€419
down €419 (-100%), from €419 to €0
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 | €666,477 | €645,972 | -€20,506 | -3.1% |
| Fixed assets | 21/28 | €171,362 | €168,495 | -€2,867 | -1.7% |
| Intangible fixed assets | 21 | €349 | €310 | -€39 | -11.0% |
| Tangible fixed assets | 22/27 | €122,331 | €119,503 | -€2,828 | -2.3% |
| Plant, machinery and equipment | 23 | €3,728 | €2,359 | -€1,369 | -36.7% |
| Furniture and vehicles | 24 | €111,925 | €111,925 | = | 0.0% |
| Other tangible fixed assets | 26 | €6,678 | €5,219 | -€1,459 | -21.8% |
| Financial fixed assets | 28 | €48,682 | €48,682 | = | 0.0% |
| Current assets | 29/58 | €495,115 | €477,476 | -€17,639 | -3.6% |
| Stocks and contracts in progress | 3 | €47,691 | €50,370 | +€2,680 | +5.6% |
| Stocks | 30/36 | €47,691 | €50,370 | +€2,680 | +5.6% |
| Amounts receivable within one year | 40/41 | €9,530 | €3,483 | -€6,047 | -63.4% |
| Trade receivables | 40 | €1,551 | €1,645 | +€94 | +6.0% |
| Other amounts receivable | 41 | €7,979 | €1,839 | -€6,140 | -77.0% |
| Current investments | 50/53 | €343,669 | €316,542 | -€27,127 | -7.9% |
| Cash at bank and in hand | 54/58 | €91,118 | €106,478 | +€15,360 | +16.9% |
| Deferred charges and accrued income | 490/1 | €3,108 | €603 | -€2,505 | -80.6% |
| Total equity and liabilities | 10/49 | €666,477 | €645,972 | -€20,506 | -3.1% |
| Equity | 10/15 | €661,478 | €634,484 | -€26,994 | -4.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €642,478 | €615,484 | -€26,994 | -4.2% |
| Distributable reserves | 133 | €642,478 | €615,484 | -€26,994 | -4.2% |
| Amounts payable | 17/49 | €5,000 | €11,488 | +€6,488 | +130% |
| Amounts payable within one year | 42/48 | €4,980 | €11,488 | +€6,508 | +131% |
| Trade debts | 44 | €34 | €409 | +€375 | +1,093% |
| Suppliers | 440/4 | €34 | €409 | +€375 | +1,093% |
| Taxes, remuneration and social security | 45 | €4,946 | €1,051 | -€3,895 | -78.8% |
| Taxes | 450/3 | €4,946 | €1,051 | -€3,895 | -78.8% |
| Other amounts payable | 47/48 | - | €10,028 | +€10,028 | |
| Accrued charges and deferred income | 492/3 | €19 | €0 | -€19 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,449 | €2,867 | +€1,418 | +97.8% |
| Other operating charges | 640/8 | €2,241 | €1,008 | -€1,233 | -55.0% |
| Gross operating margin | 9900 | -€17,689 | -€28,219 | -€10,530 | -59.5% |
| Operating profit (loss) | 9901 | -€21,380 | -€32,094 | -€10,714 | -50.1% |
| Financial income | 75/76B | €3,130 | €5,310 | +€2,180 | +69.7% |
| Recurring financial income | 75 | €3,130 | €5,310 | +€2,180 | +69.7% |
| Financial charges | 65/66B | €187 | €210 | +€24 | +12.6% |
| Recurring financial charges | 65 | €187 | €210 | +€24 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,437 | -€26,994 | -€8,557 | -46.4% |
| Income taxes | 67/77 | €419 | €0 | -€419 | -100% |
| Profit (loss) for the period | 9904 | -€18,856 | -€26,994 | -€8,138 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,856 | -€26,994 | -€8,138 | -43.2% |
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 23 October 2026 via checked.be.