BEAR ON THE BEACH: 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.
BEAR ON THE BEACH
Largest movements
- Current investments -€35,054
down €35,054 (-100%), from €35,054 to €0
- Cash -€28,297
down €28,297 (-45.2%), from €62,651 to €34,354
mainly Investment in fixed assets (net) (-€35,114) and Current portion of long-term debt (-€14,096)
- Tangible fixed assets +€22,711
up €22,711 (+82.6%), from €27,479 to €50,190
of which Furniture and vehicles: +€25,740
- Receivables within one year +€11,694
up €11,694 (+5.9%), from €197,600 to €209,294
of which Other amounts receivable: +€12,338
- Current portion of long-term debt -€14,096
down €14,096 (-100%), from €14,096 to €0
- Other debts -€9,281
down €9,281 (-3.5%), from €267,274 to €257,992
- Profit (loss) carried forward -€5,292
down €5,292 (-24.9%), from €21,276 to €15,984
- Gross operating margin +€13,452
up €13,452 (+81.9%), from -€16,434 to -€2,982
- Financial income -€7,727
down €7,727 (-39.0%), from €19,799 to €12,072
- Depreciation -€2,545
down €2,545 (-17.0%), from €14,948 to €12,403
- Other operating charges -€1,018
down €1,018 (-40.5%), from €2,514 to €1,496
- Financial charges -€264
down €264 (-48.3%), from €546 to €283
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,780 | €296,082 | -€28,699 | -8.8% |
| Fixed assets | 21/28 | €27,479 | €50,190 | +€22,711 | +82.6% |
| Tangible fixed assets | 22/27 | €27,479 | €50,190 | +€22,711 | +82.6% |
| Plant, machinery and equipment | 23 | €5,359 | €2,330 | -€3,029 | -56.5% |
| Furniture and vehicles | 24 | €22,121 | €47,861 | +€25,740 | +116% |
| Current assets | 29/58 | €297,301 | €245,891 | -€51,410 | -17.3% |
| Amounts receivable within one year | 40/41 | €197,600 | €209,294 | +€11,694 | +5.9% |
| Trade receivables | 40 | €7,302 | €6,659 | -€643 | -8.8% |
| Other amounts receivable | 41 | €190,297 | €202,635 | +€12,338 | +6.5% |
| Current investments | 50/53 | €35,054 | €0 | -€35,054 | -100% |
| Cash at bank and in hand | 54/58 | €62,651 | €34,354 | -€28,297 | -45.2% |
| Deferred charges and accrued income | 490/1 | €1,996 | €2,244 | +€247 | +12.4% |
| Total equity and liabilities | 10/49 | €324,780 | €296,082 | -€28,699 | -8.8% |
| Equity | 10/15 | €41,901 | €36,609 | -€5,292 | -12.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,276 | €15,984 | -€5,292 | -24.9% |
| Amounts payable | 17/49 | €282,880 | €259,473 | -€23,407 | -8.3% |
| Amounts payable within one year | 42/48 | €282,880 | €259,473 | -€23,407 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €14,096 | €0 | -€14,096 | -100% |
| Trade debts | 44 | €78 | €171 | +€94 | +120% |
| Suppliers | 440/4 | €78 | €171 | +€94 | +120% |
| Taxes, remuneration and social security | 45 | €1,432 | €1,309 | -€123 | -8.6% |
| Taxes | 450/3 | €1,432 | €1,309 | -€123 | -8.6% |
| Other amounts payable | 47/48 | €267,274 | €257,992 | -€9,281 | -3.5% |
| Non-recurring operating income | 76A | - | €9,351 | +€9,351 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,948 | €12,403 | -€2,545 | -17.0% |
| Other operating charges | 640/8 | €2,514 | €1,496 | -€1,018 | -40.5% |
| Gross operating margin | 9900 | -€16,434 | -€2,982 | +€13,452 | +81.9% |
| Operating profit (loss) | 9901 | -€33,897 | -€16,881 | +€17,016 | +50.2% |
| Financial income | 75/76B | €19,799 | €12,072 | -€7,727 | -39.0% |
| Recurring financial income | 75 | €19,799 | €12,072 | -€7,727 | -39.0% |
| Financial charges | 65/66B | €546 | €283 | -€264 | -48.3% |
| Recurring financial charges | 65 | €546 | €283 | -€264 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,644 | -€5,091 | +€9,552 | +65.2% |
| Income taxes | 67/77 | €265 | €200 | -€64 | -24.3% |
| Profit (loss) for the period | 9904 | -€14,908 | -€5,292 | +€9,617 | +64.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,908 | -€5,292 | +€9,617 | +64.5% |
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 19 October 2026 via checked.be.