BEAU’M: 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’M
Largest movements
- Cash +€90,741
up €90,741 (+253.2%), from €35,836 to €126,577
mainly Depreciation (+€41,690) and Trade debts (+€27,251)
- Intangible fixed assets -€27,534
down €27,534 (-11.2%), from €246,072 to €218,538
- Stocks and contracts -€26,146
down €26,146 (-9.2%), from €284,599 to €258,453
- Tangible fixed assets -€14,156
down €14,156 (-42.2%), from €33,511 to €19,355
of which Plant, machinery and equipment: -€12,338
- Receivables within one year +€7,869
up €7,869 (+10.7%), from €73,867 to €81,736
of which Trade receivables: +€9,439
- Debts after one year -€38,308
down €38,308 (-24.4%), from €156,798 to €118,490
- Trade debts +€27,251
up €27,251 (+88.8%), from €30,697 to €57,948
- Reserves +€18,565
up €18,565 (+5.1%), from €361,075 to €379,640
of which Distributable reserves: +€18,565
- Tax, wage and social debts +€18,262
up €18,262 (+188.8%), from €9,674 to €27,936
of which Taxes: +€18,262
- Gross operating margin +€20,648
up €20,648 (+32.5%), from €63,449 to €84,097
- Taxes +€6,754
up €6,754 (+179.8%), from €3,756 to €10,511
- Financial income -€2,988
down €2,988 (-73.6%), from €4,058 to €1,070
- Other operating charges +€2,628
up €2,628 (+62.3%), from €4,221 to €6,849
- Financial charges -€1,833
down €1,833 (-19.5%), from €9,385 to €7,552
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 | €684,090 | €708,898 | +€24,808 | +3.6% |
| Fixed assets | 21/28 | €280,583 | €238,893 | -€41,690 | -14.9% |
| Intangible fixed assets | 21 | €246,072 | €218,538 | -€27,534 | -11.2% |
| Tangible fixed assets | 22/27 | €33,511 | €19,355 | -€14,156 | -42.2% |
| Plant, machinery and equipment | 23 | €31,693 | €19,355 | -€12,338 | -38.9% |
| Furniture and vehicles | 24 | €1,818 | €0 | -€1,818 | -100.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €403,507 | €470,005 | +€66,498 | +16.5% |
| Stocks and contracts in progress | 3 | €284,599 | €258,453 | -€26,146 | -9.2% |
| Stocks | 30/36 | €284,599 | €258,453 | -€26,146 | -9.2% |
| Amounts receivable within one year | 40/41 | €73,867 | €81,736 | +€7,869 | +10.7% |
| Trade receivables | 40 | €72,297 | €81,736 | +€9,439 | +13.1% |
| Other amounts receivable | 41 | €1,570 | €0 | -€1,570 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €35,836 | €126,577 | +€90,741 | +253.2% |
| Deferred charges and accrued income | 490/1 | €9,206 | €3,239 | -€5,967 | -64.8% |
| Total equity and liabilities | 10/49 | €684,090 | €708,898 | +€24,808 | +3.6% |
| Equity | 10/15 | €379,675 | €398,240 | +€18,565 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €361,075 | €379,640 | +€18,565 | +5.1% |
| Tax-exempt reserves | 132 | €190,372 | €190,372 | = | 0.0% |
| Distributable reserves | 133 | €170,703 | €189,268 | +€18,565 | +10.9% |
| Provisions and deferred taxes | 16 | €63,457 | €63,457 | = | 0.0% |
| Deferred taxes | 168 | €63,457 | €63,457 | = | 0.0% |
| Amounts payable | 17/49 | €240,957 | €247,200 | +€6,243 | +2.6% |
| Amounts payable after more than one year | 17 | €156,798 | €118,490 | -€38,308 | -24.4% |
| Financial debts | 170/4 | €156,798 | €118,490 | -€38,308 | -24.4% |
| Amounts payable within one year | 42/48 | €84,159 | €128,710 | +€44,551 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €43,788 | €38,308 | -€5,480 | -12.5% |
| Trade debts | 44 | €30,697 | €57,948 | +€27,251 | +88.8% |
| Suppliers | 440/4 | €30,697 | €57,948 | +€27,251 | +88.8% |
| Taxes, remuneration and social security | 45 | €9,674 | €27,936 | +€18,262 | +188.8% |
| Taxes | 450/3 | €9,674 | €27,936 | +€18,262 | +188.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €4,518 | +€4,518 | |
| Non-recurring operating income | 76A | €6,154 | €0 | -€6,154 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,510 | €41,690 | -€820 | -1.9% |
| Other operating charges | 640/8 | €4,221 | €6,849 | +€2,628 | +62.3% |
| Gross operating margin | 9900 | €63,449 | €84,097 | +€20,648 | +32.5% |
| Operating profit (loss) | 9901 | €16,718 | €35,558 | +€18,840 | +112.7% |
| Financial income | 75/76B | €4,058 | €1,070 | -€2,988 | -73.6% |
| Recurring financial income | 75 | €4,058 | €1,070 | -€2,988 | -73.6% |
| Financial charges | 65/66B | €9,385 | €7,552 | -€1,833 | -19.5% |
| Recurring financial charges | 65 | €9,385 | €7,552 | -€1,833 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €11,391 | €29,076 | +€17,685 | +155.2% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €3,756 | €10,511 | +€6,754 | +179.8% |
| Profit (loss) for the period | 9904 | €7,635 | €18,565 | +€10,930 | +143.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €7,635 | €18,565 | +€10,930 | +143.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.