BEAPART: 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.
BEAPART
Largest movements
- Cash -€669,031
down €669,031 (-74.4%), from €899,126 to €230,095
mainly Net result for the year (-€2.8m) and Trade debts (-€615,624)
- Deferred charges and accrued income -€308,956
down €308,956 (-40.6%), from €761,441 to €452,485
- Tangible fixed assets +€242,159
up €242,159 (+97.9%), from €247,331 to €489,490
of which Assets under construction and advance payments: +€203,608
- Receivables within one year +€63,691
up €63,691 (+4.4%), from €1.4m to €1.5m
of which Other amounts receivable: +€787,697
- Profit (loss) carried forward -€2.8m
down €2.8m (-149%), from -€1.9m to -€4.7m
- Contributions +€1.0m
up €1.0m (+48.5%), from €2.1m to €3.1m
- Accrued charges and deferred income +€631,970
up €631,970 (+848%), from €74,534 to €706,504
- Trade debts -€615,624
down €615,624 (-37.1%), from €1.7m to €1.0m
- Short-term financial debts +€575,769
new in 2025: €575,769
- Gross operating margin -€2.3m
down €2.3m (-69.0%), from €3.3m to €1.0m
- Depreciation -€406,046
down €406,046 (-90.2%), from €450,387 to €44,341
- Staff costs -€331,309
down €331,309 (-20.1%), from €1.6m to €1.3m
- Other operating charges +€211,949
up €211,949 (+66.1%), from €320,709 to €532,658
- Financial income -€166,362
down €166,362 (-100.0%), from €166,394 to €32
of which Non-recurring financial income: -€158,073
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 | €5,218,953 | €4,494,541 | -€724,412 | -13.9% |
| Formation expenses | 20 | €1,475 | €0 | -€1,475 | -100% |
| Fixed assets | 21/28 | €2,108,654 | €2,300,013 | +€191,359 | +9.1% |
| Intangible fixed assets | 21 | €67,519 | €16,719 | -€50,800 | -75.2% |
| Tangible fixed assets | 22/27 | €247,331 | €489,490 | +€242,159 | +97.9% |
| Land and buildings | 22 | €4,144 | €91,025 | +€86,881 | +2,097% |
| Plant, machinery and equipment | 23 | €123,034 | €98,759 | -€24,275 | -19.7% |
| Furniture and vehicles | 24 | €120,153 | €96,098 | -€24,055 | -20.0% |
| Assets under construction and advance payments | 27 | - | €203,608 | +€203,608 | |
| Financial fixed assets | 28 | €1,793,804 | €1,793,804 | = | 0.0% |
| Current assets | 29/58 | €3,108,824 | €2,194,528 | -€914,296 | -29.4% |
| Amounts receivable within one year | 40/41 | €1,448,257 | €1,511,948 | +€63,691 | +4.4% |
| Trade receivables | 40 | €1,276,498 | €552,492 | -€724,006 | -56.7% |
| Other amounts receivable | 41 | €171,759 | €959,456 | +€787,697 | +459% |
| Cash at bank and in hand | 54/58 | €899,126 | €230,095 | -€669,031 | -74.4% |
| Deferred charges and accrued income | 490/1 | €761,441 | €452,485 | -€308,956 | -40.6% |
| Total equity and liabilities | 10/49 | €5,218,953 | €4,494,541 | -€724,412 | -13.9% |
| Equity | 10/15 | €188,838 | -€1,608,848 | -€1.8m | |
| Contributions | 10/11 | €2,061,500 | €3,061,500 | +€1.0m | +48.5% |
| Capital | 10 | €2,061,500 | €3,061,500 | +€1.0m | +48.5% |
| Issued capital | 100 | €2,061,500 | €3,061,500 | +€1.0m | +48.5% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,878,812 | -€4,676,498 | -€2.8m | -149% |
| Provisions and deferred taxes | 16 | - | €350,000 | +€350,000 | |
| Provisions for liabilities and charges | 160/5 | - | €350,000 | +€350,000 | |
| Other liabilities and charges | 164/5 | - | €350,000 | +€350,000 | |
| Amounts payable | 17/49 | €5,030,115 | €5,753,389 | +€723,274 | +14.4% |
| Amounts payable after more than one year | 17 | €383,791 | €264,366 | -€119,425 | -31.1% |
| Financial debts | 170/4 | €383,791 | €264,366 | -€119,425 | -31.1% |
| Amounts payable within one year | 42/48 | €4,571,790 | €4,782,519 | +€210,729 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €133,535 | €138,877 | +€5,342 | +4.0% |
| Financial debts | 43 | - | €575,769 | +€575,769 | |
| Other loans | 439 | - | €575,769 | +€575,769 | |
| Trade debts | 44 | €1,657,722 | €1,042,098 | -€615,624 | -37.1% |
| Suppliers | 440/4 | €1,657,722 | €1,042,098 | -€615,624 | -37.1% |
| Advances received on contracts in progress | 46 | - | €169,553 | +€169,553 | |
| Taxes, remuneration and social security | 45 | €441,150 | €596,154 | +€155,004 | +35.1% |
| Taxes | 450/3 | €231,074 | €494,699 | +€263,625 | +114% |
| Remuneration and social security | 454/9 | €210,076 | €101,455 | -€108,621 | -51.7% |
| Other amounts payable | 47/48 | €2,339,383 | €2,260,068 | -€79,315 | -3.4% |
| Accrued charges and deferred income | 492/3 | €74,534 | €706,504 | +€631,970 | +848% |
| Remuneration, social security and pensions | 62 | €1,646,765 | €1,315,456 | -€331,309 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €450,387 | €44,341 | -€406,046 | -90.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €320,709 | €532,658 | +€211,949 | +66.1% |
| Non-recurring operating charges | 66A | €266,763 | €1,462,255 | +€1.2m | +448% |
| Gross operating margin | 9900 | €3,262,710 | €1,010,320 | -€2.3m | -69.0% |
| Operating profit (loss) | 9901 | €578,086 | -€2,344,390 | -€2.9m | |
| Financial income | 75/76B | €166,394 | €32 | -€166,362 | -100.0% |
| Recurring financial income | 75 | €8,321 | €32 | -€8,289 | -99.6% |
| Non-recurring financial income | 76B | €158,073 | - | -€158,073 | |
| Financial charges | 65/66B | €174,508 | €318,355 | +€143,847 | +82.4% |
| Recurring financial charges | 65 | €92,202 | €318,355 | +€226,153 | +245% |
| Non-recurring financial charges | 66B | €82,306 | - | -€82,306 | |
| Profit (loss) for the period before taxes | 9903 | €569,972 | -€2,662,713 | -€3.2m | |
| Income taxes | 67/77 | €10,664 | €134,973 | +€124,309 | +1,166% |
| Profit (loss) for the period | 9904 | €559,308 | -€2,797,686 | -€3.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €559,308 | -€2,797,686 | -€3.4m |
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 14 October 2026 via checked.be.