Beard-studio: 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-studio
Largest movements
- Cash +€13,148
up €13,148 (+26.9%), from €48,793 to €61,940
mainly Net result for the year (+€20,718) and Depreciation (+€4,657)
- Tangible fixed assets -€4,657
down €4,657 (-29.2%), from €15,931 to €11,273
of which Furniture and vehicles: -€4,115
- Current investments +€2,255
up €2,255 (+3.8%), from €59,049 to €61,303
- Reserves +€19,885
up €19,885 (+43.0%), from €46,209 to €66,094
- Other debts -€12,365
down €12,365 (-18.3%), from €67,674 to €55,310
- Tax, wage and social debts +€4,016
up €4,016 (+45.4%), from €8,836 to €12,851
- Gross operating margin +€19,537
up €19,537 (+121%), from €16,137 to €35,674
- Taxes +€5,330
up €5,330 (+121%), from €4,414 to €9,744
- Financial income +€2,565
new in 2025: €2,565
- Financial charges +€1,267
up €1,267 (+159%), from €799 to €2,066
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 | €138,377 | €148,908 | +€10,532 | +7.6% |
| Fixed assets | 21/28 | €15,931 | €11,273 | -€4,657 | -29.2% |
| Tangible fixed assets | 22/27 | €15,931 | €11,273 | -€4,657 | -29.2% |
| Furniture and vehicles | 24 | €10,120 | €6,006 | -€4,115 | -40.7% |
| Other tangible fixed assets | 26 | €5,811 | €5,268 | -€543 | -9.3% |
| Current assets | 29/58 | €122,446 | €137,635 | +€15,189 | +12.4% |
| Amounts receivable within one year | 40/41 | €13,361 | €13,342 | -€19 | -0.1% |
| Trade receivables | 40 | €13,361 | €13,342 | -€19 | -0.1% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Current investments | 50/53 | €59,049 | €61,303 | +€2,255 | +3.8% |
| Cash at bank and in hand | 54/58 | €48,793 | €61,940 | +€13,148 | +26.9% |
| Deferred charges and accrued income | 490/1 | €1,243 | €1,049 | -€194 | -15.6% |
| Total equity and liabilities | 10/49 | €138,377 | €148,908 | +€10,532 | +7.6% |
| Equity | 10/15 | €60,469 | €80,354 | +€19,885 | +32.9% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €46,209 | €66,094 | +€19,885 | +43.0% |
| Distributable reserves | 133 | €46,209 | €66,094 | +€19,885 | +43.0% |
| Amounts payable | 17/49 | €77,907 | €68,554 | -€9,353 | -12.0% |
| Amounts payable within one year | 42/48 | €77,907 | €68,554 | -€9,353 | -12.0% |
| Trade debts | 44 | €1,398 | €394 | -€1,004 | -71.8% |
| Suppliers | 440/4 | €1,398 | €394 | -€1,004 | -71.8% |
| Taxes, remuneration and social security | 45 | €8,836 | €12,851 | +€4,016 | +45.4% |
| Taxes | 450/3 | €8,836 | €12,851 | +€4,016 | +45.4% |
| Other amounts payable | 47/48 | €67,674 | €55,310 | -€12,365 | -18.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,986 | €4,657 | -€328 | -6.6% |
| Other operating charges | 640/8 | €1,021 | €1,054 | +€33 | +3.2% |
| Gross operating margin | 9900 | €16,137 | €35,674 | +€19,537 | +121% |
| Operating profit (loss) | 9901 | €10,130 | €29,963 | +€19,832 | +196% |
| Financial income | 75/76B | - | €2,565 | +€2,565 | |
| Recurring financial income | 75 | - | €2,565 | +€2,565 | |
| Financial charges | 65/66B | €799 | €2,066 | +€1,267 | +159% |
| Recurring financial charges | 65 | €799 | €2,066 | +€1,267 | +159% |
| Profit (loss) for the period before taxes | 9903 | €9,331 | €30,462 | +€21,131 | +226% |
| Income taxes | 67/77 | €4,414 | €9,744 | +€5,330 | +121% |
| Profit (loss) for the period | 9904 | €4,917 | €20,718 | +€15,801 | +321% |
| Profit (loss) for the period to be appropriated | 9905 | €4,917 | €20,718 | +€15,801 | +321% |
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.