BEAGLE TRADING: 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 TRADING
Largest movements
- Tangible fixed assets +€293,025
up €293,025 (+13.3%), from €2.2m to €2.5m
of which Land and buildings: +€290,243
- Cash -€216,900
down €216,900 (-51.6%), from €419,959 to €203,060
mainly Investment in fixed assets (net) (-€360,262) and Other debts (-€286,690)
- Receivables within one year +€43,840
up €43,840 (+18.1%), from €241,850 to €285,690
of which Other amounts receivable: +€77,524
- Reserves +€602,559
up €602,559 (+88.8%), from €678,873 to €1.3m
of which Distributable reserves: +€611,394
- Other debts -€286,690
down €286,690 (-47.9%), from €599,004 to €312,314
- Debts after one year -€150,878
down €150,878 (-49.5%), from €305,055 to €154,177
- Current portion of long-term debt -€33,861
down €33,861 (-57.1%), from €59,261 to €25,399
- Financial income +€549,590
up €549,590 (+8,242%), from €6,668 to €556,259
- Gross operating margin -€451,821
down €451,821 (-51.3%), from €881,232 to €429,411
- Depreciation -€111,291
down €111,291 (-62.3%), from €178,529 to €67,238
- Staff costs -€53,889
down €53,889 (-16.4%), from €327,857 to €273,968
- Financial charges -€27,286
down €27,286 (-51.2%), from €53,311 to €26,025
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 | €3,128,029 | €3,247,994 | +€119,965 | +3.8% |
| Fixed assets | 21/28 | €2,466,220 | €2,759,245 | +€293,025 | +11.9% |
| Tangible fixed assets | 22/27 | €2,198,682 | €2,491,707 | +€293,025 | +13.3% |
| Land and buildings | 22 | €2,196,029 | €2,486,272 | +€290,243 | +13.2% |
| Furniture and vehicles | 24 | €2,653 | €5,435 | +€2,782 | +105% |
| Financial fixed assets | 28 | €267,538 | €267,538 | = | 0.0% |
| Current assets | 29/58 | €661,809 | €488,750 | -€173,060 | -26.1% |
| Amounts receivable within one year | 40/41 | €241,850 | €285,690 | +€43,840 | +18.1% |
| Trade receivables | 40 | €155,773 | €122,090 | -€33,684 | -21.6% |
| Other amounts receivable | 41 | €86,076 | €163,600 | +€77,524 | +90.1% |
| Cash at bank and in hand | 54/58 | €419,959 | €203,060 | -€216,900 | -51.6% |
| Total equity and liabilities | 10/49 | €3,128,029 | €3,247,994 | +€119,965 | +3.8% |
| Equity | 10/15 | €1,462,465 | €2,065,024 | +€602,559 | +41.2% |
| Contributions | 10/11 | €783,592 | €783,592 | = | 0.0% |
| Reserves | 13 | €678,873 | €1,281,432 | +€602,559 | +88.8% |
| Tax-exempt reserves | 132 | €534,766 | €525,931 | -€8,835 | -1.7% |
| Distributable reserves | 133 | €144,106 | €755,500 | +€611,394 | +424% |
| Provisions and deferred taxes | 16 | €225,994 | €223,049 | -€2,945 | -1.3% |
| Provisions for liabilities and charges | 160/5 | €81,835 | €81,835 | = | 0.0% |
| Pensions and similar obligations | 160 | €81,835 | €81,835 | = | 0.0% |
| Deferred taxes | 168 | €144,159 | €141,214 | -€2,945 | -2.0% |
| Amounts payable | 17/49 | €1,439,571 | €959,921 | -€479,649 | -33.3% |
| Amounts payable after more than one year | 17 | €305,055 | €154,177 | -€150,878 | -49.5% |
| Financial debts | 170/4 | €305,055 | €154,177 | -€150,878 | -49.5% |
| Amounts payable within one year | 42/48 | €1,134,516 | €805,744 | -€328,772 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €59,261 | €25,399 | -€33,861 | -57.1% |
| Trade debts | 44 | €70,163 | €72,502 | +€2,339 | +3.3% |
| Suppliers | 440/4 | €70,163 | €72,502 | +€2,339 | +3.3% |
| Advances received on contracts in progress | 46 | €359,664 | €366,716 | +€7,052 | +2.0% |
| Taxes, remuneration and social security | 45 | €46,424 | €28,812 | -€17,612 | -37.9% |
| Taxes | 450/3 | €10,867 | €1,928 | -€8,939 | -82.3% |
| Remuneration and social security | 454/9 | €35,557 | €26,884 | -€8,672 | -24.4% |
| Other amounts payable | 47/48 | €599,004 | €312,314 | -€286,690 | -47.9% |
| Non-recurring operating income | 76A | €656,893 | €316,337 | -€340,557 | -51.8% |
| Remuneration, social security and pensions | 62 | €327,857 | €273,968 | -€53,889 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,529 | €67,238 | -€111,291 | -62.3% |
| Other operating charges | 640/8 | €34,760 | €19,180 | -€15,579 | -44.8% |
| Gross operating margin | 9900 | €881,232 | €429,411 | -€451,821 | -51.3% |
| Operating profit (loss) | 9901 | €340,087 | €69,025 | -€271,062 | -79.7% |
| Financial income | 75/76B | €6,668 | €556,259 | +€549,590 | +8,242% |
| Recurring financial income | 75 | €6,668 | €556,259 | +€549,590 | +8,242% |
| Financial charges | 65/66B | €53,311 | €26,025 | -€27,286 | -51.2% |
| Recurring financial charges | 65 | €53,311 | €26,025 | -€27,286 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €293,445 | €599,259 | +€305,814 | +104% |
| Transfer from deferred taxes | 780 | €69,802 | €2,945 | -€66,857 | -95.8% |
| Transfer to deferred taxes | 680 | €145,501 | €0 | -€145,501 | -100% |
| Income taxes | 67/77 | €211 | -€355 | -€566 | |
| Profit (loss) for the period | 9904 | €217,535 | €602,559 | +€385,024 | +177% |
| Transfer from tax-exempt reserves | 789 | €134,268 | €8,835 | -€125,433 | -93.4% |
| Transfer to tax-exempt reserves | 689 | €436,504 | €0 | -€436,504 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,701 | €611,394 | +€696,095 |
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 18 October 2026 via checked.be.