Beau-Fort: 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.
Beau-Fort
Largest movements
- Cash -€95,788
down €95,788 (-59.4%), from €161,280 to €65,492
mainly Debts after one year (-€271,050) and Contributions, distributions and other (-€75,000)
- Tangible fixed assets -€79,457
down €79,457 (-7.8%), from €1.0m to €941,572
of which Land and buildings: -€41,476
- Stocks and contracts +€47,339
up €47,339 (+12.1%), from €390,236 to €437,575
- Receivables within one year -€38,067
down €38,067 (-69.0%), from €55,158 to €17,091
of which Trade receivables: -€28,725
- Debts after one year -€271,050
down €271,050 (-32.5%), from €834,970 to €563,920
- Short-term financial debts +€100,000
new in 2025: €100,000
- Other debts +€75,000
new in 2025: €75,000
- Reserves -€43,000
down €43,000 (-7.0%), from €618,393 to €575,393
- Current portion of long-term debt -€20,678
down €20,678 (-22.5%), from €91,727 to €71,050
- Gross operating margin -€24,843
down €24,843 (-7.2%), from €344,086 to €319,243
- Staff costs -€12,317
down €12,317 (-8.2%), from €150,974 to €138,657
- Depreciation +€9,410
up €9,410 (+12.4%), from €75,664 to €85,073
- Financial charges -€9,173
down €9,173 (-18.4%), from €49,959 to €40,786
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 | €1,628,295 | €1,467,294 | -€161,000 | -9.9% |
| Fixed assets | 21/28 | €1,021,385 | €947,136 | -€74,249 | -7.3% |
| Intangible fixed assets | 21 | - | €5,208 | +€5,208 | |
| Tangible fixed assets | 22/27 | €1,021,029 | €941,572 | -€79,457 | -7.8% |
| Land and buildings | 22 | €837,214 | €795,738 | -€41,476 | -5.0% |
| Plant, machinery and equipment | 23 | €35,040 | €31,592 | -€3,448 | -9.8% |
| Furniture and vehicles | 24 | €148,775 | €114,242 | -€34,534 | -23.2% |
| Financial fixed assets | 28 | €357 | €357 | = | 0.0% |
| Current assets | 29/58 | €606,909 | €520,158 | -€86,751 | -14.3% |
| Stocks and contracts in progress | 3 | €390,236 | €437,575 | +€47,339 | +12.1% |
| Stocks | 30/36 | €390,236 | €437,575 | +€47,339 | +12.1% |
| Amounts receivable within one year | 40/41 | €55,158 | €17,091 | -€38,067 | -69.0% |
| Trade receivables | 40 | €43,342 | €14,617 | -€28,725 | -66.3% |
| Other amounts receivable | 41 | €11,817 | €2,474 | -€9,342 | -79.1% |
| Cash at bank and in hand | 54/58 | €161,280 | €65,492 | -€95,788 | -59.4% |
| Deferred charges and accrued income | 490/1 | €235 | €0 | -€235 | -100.0% |
| Total equity and liabilities | 10/49 | €1,628,295 | €1,467,294 | -€161,000 | -9.9% |
| Equity | 10/15 | €623,393 | €580,393 | -€43,000 | -6.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €618,393 | €575,393 | -€43,000 | -7.0% |
| Distributable reserves | 133 | €618,393 | €575,393 | -€43,000 | -7.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,004,902 | €886,902 | -€118,000 | -11.7% |
| Amounts payable after more than one year | 17 | €834,970 | €563,920 | -€271,050 | -32.5% |
| Financial debts | 170/4 | €834,970 | €563,920 | -€271,050 | -32.5% |
| Amounts payable within one year | 42/48 | €124,836 | €289,799 | +€164,963 | +132.1% |
| Current portion of amounts payable after more than one year | 42 | €91,727 | €71,050 | -€20,678 | -22.5% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €1,600 | €16,857 | +€15,258 | +953.9% |
| Suppliers | 440/4 | €1,600 | €16,857 | +€15,258 | +953.9% |
| Taxes, remuneration and social security | 45 | €31,509 | €26,893 | -€4,617 | -14.7% |
| Taxes | 450/3 | €5,624 | €3,412 | -€2,212 | -39.3% |
| Remuneration and social security | 454/9 | €25,885 | €23,480 | -€2,405 | -9.3% |
| Other amounts payable | 47/48 | - | €75,000 | +€75,000 | |
| Accrued charges and deferred income | 492/3 | €45,096 | €33,182 | -€11,914 | -26.4% |
| Non-recurring operating income | 76A | €22,428 | €0 | -€22,428 | -100.0% |
| Remuneration, social security and pensions | 62 | €150,974 | €138,657 | -€12,317 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,664 | €85,073 | +€9,410 | +12.4% |
| Other operating charges | 640/8 | €8,388 | €8,224 | -€164 | -2.0% |
| Gross operating margin | 9900 | €344,086 | €319,243 | -€24,843 | -7.2% |
| Operating profit (loss) | 9901 | €109,060 | €87,289 | -€21,772 | -20.0% |
| Financial income | 75/76B | €1,864 | €868 | -€997 | -53.5% |
| Recurring financial income | 75 | €1,864 | €868 | -€997 | -53.5% |
| Financial charges | 65/66B | €49,959 | €40,786 | -€9,173 | -18.4% |
| Recurring financial charges | 65 | €49,959 | €40,786 | -€9,173 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €60,966 | €47,370 | -€13,596 | -22.3% |
| Income taxes | 67/77 | €15,840 | €15,370 | -€470 | -3.0% |
| Profit (loss) for the period | 9904 | €45,126 | €32,000 | -€13,126 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,126 | €32,000 | -€13,126 | -29.1% |
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 10 October 2026 via checked.be.