BEARD: 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.
BEARD
Largest movements
- Tangible fixed assets -€2,675
down €2,675 (-100.0%), from €2,675 to €0
of which Furniture and vehicles: -€1,852
- Receivables within one year +€484
up €484 (+100.2%), from €484 to €968
- Cash -€378
down €378 (-12.3%), from €3,078 to €2,701
mainly Net result for the year (-€17,853) and Tax, wage and social debts (-€3,063)
- Other debts +€18,272
up €18,272 (+9571.0%), from €191 to €18,463
- Profit (loss) carried forward -€17,853
down €17,853 (-4583.0%), from -€390 to -€18,243
- Tax, wage and social debts -€3,063
down €3,063 (-90.9%), from €3,368 to €305
of which Remuneration and social security: -€2,768
- Trade debts +€77
up €77 (+114.6%), from €67 to €144
- Gross operating margin -€16,351
down €16,351, from €267 to -€16,085
- Depreciation -€683
down €683 (-100.0%), from €683 to €0
- Other operating charges +€403
up €403 (+239.4%), from €169 to €572
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 | €6,237 | €3,669 | -€2,568 | -41.2% |
| Fixed assets | 21/28 | €2,675 | €0 | -€2,675 | -100.0% |
| Tangible fixed assets | 22/27 | €2,675 | €0 | -€2,675 | -100.0% |
| Plant, machinery and equipment | 23 | €823 | €0 | -€823 | -100.0% |
| Furniture and vehicles | 24 | €1,852 | €0 | -€1,852 | -100.0% |
| Current assets | 29/58 | €3,562 | €3,669 | +€107 | +3.0% |
| Amounts receivable within one year | 40/41 | €484 | €968 | +€484 | +100.2% |
| Trade receivables | 40 | €484 | €968 | +€484 | +100.2% |
| Cash at bank and in hand | 54/58 | €3,078 | €2,701 | -€378 | -12.3% |
| Total equity and liabilities | 10/49 | €6,237 | €3,669 | -€2,568 | -41.2% |
| Equity | 10/15 | €2,610 | -€15,243 | -€17,853 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€390 | -€18,243 | -€17,853 | -4583.0% |
| Amounts payable | 17/49 | €3,626 | €18,912 | +€15,286 | +421.5% |
| Amounts payable within one year | 42/48 | €3,626 | €18,912 | +€15,286 | +421.5% |
| Trade debts | 44 | €67 | €144 | +€77 | +114.6% |
| Suppliers | 440/4 | €67 | €144 | +€77 | +114.6% |
| Taxes, remuneration and social security | 45 | €3,368 | €305 | -€3,063 | -90.9% |
| Taxes | 450/3 | €600 | €305 | -€295 | -49.2% |
| Remuneration and social security | 454/9 | €2,768 | €0 | -€2,768 | -100.0% |
| Other amounts payable | 47/48 | €191 | €18,463 | +€18,272 | +9571.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €683 | €0 | -€683 | -100.0% |
| Other operating charges | 640/8 | €169 | €572 | +€403 | +239.4% |
| Non-recurring operating charges | 66A | - | €1,125 | +€1,125 | |
| Gross operating margin | 9900 | €267 | -€16,085 | -€16,351 | |
| Operating profit (loss) | 9901 | -€585 | -€17,781 | -€17,196 | -2940.2% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€652 | -€17,853 | -€17,201 | -2638.1% |
| Profit (loss) for the period | 9904 | -€652 | -€17,853 | -€17,201 | -2638.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€652 | -€17,853 | -€17,201 | -2638.1% |
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 12 October 2026 via checked.be.