Beau-group: what changed
Two fiscal 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-group
Largest movements
- Current investments +€4.7m
new in 2025: €4.7m
- Cash -€751,129
down €751,129 (-96.9%), from €774,943 to €23,814
mainly Current investments (-€4.7m) and Contributions, distributions and other (-€376,589)
- Receivables within one year +€120,136
up €120,136 (+2829.5%), from €4,246 to €124,382
of which Other amounts receivable: +€109,111
- Receivables after one year -€110,215
down €110,215 (-100.0%), from €110,215 to €0
- Debts after one year +€4.1m
up €4.1m (+13347.9%), from €30,634 to €4.1m
- Reserves -€260,086
down €260,086 (-14.3%), from €1.8m to €1.6m
of which Distributable reserves: -€260,086
- Other debts +€82,462
up €82,462 (+274.3%), from €30,062 to €112,525
- Financial charges +€120,943
up €120,943 (+3375.6%), from €3,583 to €124,526
- Financial income +€102,530
up €102,530 (+312.2%), from €32,838 to €135,367
- Gross operating margin +€96,041
up €96,041 (+125.7%), from €76,409 to €172,450
- Taxes +€12,378
up €12,378 (+51.5%), from €24,044 to €36,422
- Depreciation +€9,848
up €9,848 (+52.9%), from €18,619 to €28,467
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 | €1,948,352 | €5,869,081 | +€3.9m | +201.2% |
| Fixed assets | 21/28 | €1,051,977 | €1,033,845 | -€18,132 | -1.7% |
| Tangible fixed assets | 22/27 | €91,977 | €73,845 | -€18,132 | -19.7% |
| Plant, machinery and equipment | 23 | €2,140 | €11,096 | +€8,956 | +418.4% |
| Furniture and vehicles | 24 | €49,353 | €39,211 | -€10,142 | -20.6% |
| Leasing and similar rights | 25 | €40,484 | €23,538 | -€16,946 | -41.9% |
| Financial fixed assets | 28 | €960,000 | €960,000 | = | 0.0% |
| Current assets | 29/58 | €896,374 | €4,835,235 | +€3.9m | +439.4% |
| Amounts receivable after more than one year | 29 | €110,215 | €0 | -€110,215 | -100.0% |
| Other amounts receivable | 291 | €110,215 | €0 | -€110,215 | -100.0% |
| Amounts receivable within one year | 40/41 | €4,246 | €124,382 | +€120,136 | +2829.5% |
| Trade receivables | 40 | €0 | €11,025 | +€11,025 | |
| Other amounts receivable | 41 | €4,246 | €113,357 | +€109,111 | +2569.8% |
| Current investments | 50/53 | - | €4,686,974 | +€4.7m | |
| Cash at bank and in hand | 54/58 | €774,943 | €23,814 | -€751,129 | -96.9% |
| Deferred charges and accrued income | 490/1 | €6,971 | €66 | -€6,906 | -99.1% |
| Total equity and liabilities | 10/49 | €1,948,352 | €5,869,081 | +€3.9m | +201.2% |
| Equity | 10/15 | €1,862,873 | €1,602,787 | -€260,086 | -14.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,817,991 | €1,557,905 | -€260,086 | -14.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,817,991 | €1,557,905 | -€260,086 | -14.3% |
| Profit (loss) carried forward | 14 | -€5,118 | -€5,118 | = | 0.0% |
| Amounts payable | 17/49 | €85,479 | €4,266,294 | +€4.2m | +4891.1% |
| Amounts payable after more than one year | 17 | €30,634 | €4,119,656 | +€4.1m | +13347.9% |
| Financial debts | 170/4 | €30,634 | €4,119,656 | +€4.1m | +13347.9% |
| Amounts payable within one year | 42/48 | €51,052 | €142,724 | +€91,671 | +179.6% |
| Current portion of amounts payable after more than one year | 42 | €14,394 | €14,978 | +€584 | +4.1% |
| Trade debts | 44 | €1,270 | €1,122 | -€148 | -11.7% |
| Suppliers | 440/4 | €1,270 | €1,122 | -€148 | -11.7% |
| Advances received on contracts in progress | 46 | - | €4,362 | +€4,362 | |
| Taxes, remuneration and social security | 45 | €5,326 | €9,738 | +€4,412 | +82.8% |
| Taxes | 450/3 | €5,326 | €9,738 | +€4,412 | +82.8% |
| Other amounts payable | 47/48 | €30,062 | €112,525 | +€82,462 | +274.3% |
| Accrued charges and deferred income | 492/3 | €3,792 | €3,914 | +€122 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,619 | €28,467 | +€9,848 | +52.9% |
| Other operating charges | 640/8 | €660 | €1,900 | +€1,240 | +188.0% |
| Gross operating margin | 9900 | €76,409 | €172,450 | +€96,041 | +125.7% |
| Operating profit (loss) | 9901 | €57,130 | €142,083 | +€84,953 | +148.7% |
| Financial income | 75/76B | €32,838 | €135,367 | +€102,530 | +312.2% |
| Recurring financial income | 75 | €32,838 | €135,367 | +€102,530 | +312.2% |
| Financial charges | 65/66B | €3,583 | €124,526 | +€120,943 | +3375.6% |
| Recurring financial charges | 65 | €3,583 | €124,526 | +€120,943 | +3375.6% |
| Profit (loss) for the period before taxes | 9903 | €86,385 | €152,925 | +€66,540 | +77.0% |
| Income taxes | 67/77 | €24,044 | €36,422 | +€12,378 | +51.5% |
| Profit (loss) for the period | 9904 | €62,341 | €116,503 | +€54,162 | +86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,341 | €116,503 | +€54,162 | +86.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.