BEAU Masters: 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 Masters
Largest movements
- Receivables within one year +€15,170
up €15,170 (+33.2%), from €45,756 to €60,926
of which Other amounts receivable: +€37,630
- Tangible fixed assets -€14,331
down €14,331 (-25.6%), from €55,911 to €41,580
of which Furniture and vehicles: -€14,121
- Cash -€5,000
down €5,000 (-100%), from €5,000 to €0
mainly Net result for the year (-€39,238) and Receivables within one year (-€15,170)
- Trade debts +€43,037
up €43,037 (+845%), from €5,095 to €48,132
- Profit (loss) carried forward -€39,238
new in 2025: -€39,238
- Debts after one year -€9,855
down €9,855 (-29.1%), from €33,872 to €24,017
- Short-term financial debts +€3,093
new in 2025: €3,093
- Other debts -€1,385
down €1,385 (-100%), from €1,385 to €0
- Gross operating margin -€52,363
down €52,363, from €34,428 to -€17,935
- Taxes -€4,115
down €4,115 (-92.8%), from €4,436 to €321
- Depreciation +€3,007
up €3,007 (+26.6%), from €11,324 to €14,331
- Financial charges +€1,729
up €1,729 (+42.5%), from €4,070 to €5,800
- Financial income +€1,059
up €1,059 (+34,620%), from €3 to €1,062
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 | €107,015 | €102,553 | -€4,463 | -4.2% |
| Fixed assets | 21/28 | €55,911 | €41,580 | -€14,331 | -25.6% |
| Tangible fixed assets | 22/27 | €55,911 | €41,580 | -€14,331 | -25.6% |
| Plant, machinery and equipment | 23 | €838 | €628 | -€210 | -25.1% |
| Furniture and vehicles | 24 | €55,073 | €40,952 | -€14,121 | -25.6% |
| Current assets | 29/58 | €51,104 | €60,973 | +€9,868 | +19.3% |
| Amounts receivable within one year | 40/41 | €45,756 | €60,926 | +€15,170 | +33.2% |
| Trade receivables | 40 | €44,891 | €22,432 | -€22,460 | -50.0% |
| Other amounts receivable | 41 | €865 | €38,495 | +€37,630 | +4,351% |
| Cash at bank and in hand | 54/58 | €5,000 | €0 | -€5,000 | -100% |
| Deferred charges and accrued income | 490/1 | €348 | €46 | -€302 | -86.7% |
| Total equity and liabilities | 10/49 | €107,015 | €102,553 | -€4,463 | -4.2% |
| Equity | 10/15 | €45,666 | €6,428 | -€39,238 | -85.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €33,266 | €33,266 | = | 0.0% |
| Distributable reserves | 133 | €33,266 | €33,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€39,238 | -€39,238 | |
| Amounts payable | 17/49 | €61,349 | €96,125 | +€34,776 | +56.7% |
| Amounts payable after more than one year | 17 | €33,872 | €24,017 | -€9,855 | -29.1% |
| Financial debts | 170/4 | €33,872 | €24,017 | -€9,855 | -29.1% |
| Amounts payable within one year | 42/48 | €27,450 | €71,720 | +€44,270 | +161% |
| Current portion of amounts payable after more than one year | 42 | €9,385 | €9,855 | +€470 | +5.0% |
| Financial debts | 43 | - | €3,093 | +€3,093 | |
| Credit institutions | 430/8 | - | €3,093 | +€3,093 | |
| Trade debts | 44 | €5,095 | €48,132 | +€43,037 | +845% |
| Suppliers | 440/4 | €5,095 | €48,132 | +€43,037 | +845% |
| Taxes, remuneration and social security | 45 | €11,586 | €10,641 | -€945 | -8.2% |
| Taxes | 450/3 | €10,227 | €8,549 | -€1,678 | -16.4% |
| Remuneration and social security | 454/9 | €1,359 | €2,091 | +€733 | +53.9% |
| Other amounts payable | 47/48 | €1,385 | €0 | -€1,385 | -100% |
| Accrued charges and deferred income | 492/3 | €27 | €387 | +€360 | +1,329% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,324 | €14,331 | +€3,007 | +26.6% |
| Other operating charges | 640/8 | €1,188 | €1,914 | +€726 | +61.2% |
| Gross operating margin | 9900 | €34,428 | -€17,935 | -€52,363 | |
| Operating profit (loss) | 9901 | €21,917 | -€34,180 | -€56,097 | |
| Financial income | 75/76B | €3 | €1,062 | +€1,059 | +34,620% |
| Recurring financial income | 75 | €3 | €1,062 | +€1,059 | +34,620% |
| Financial charges | 65/66B | €4,070 | €5,800 | +€1,729 | +42.5% |
| Recurring financial charges | 65 | €4,070 | €5,800 | +€1,729 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €17,850 | -€38,917 | -€56,767 | |
| Income taxes | 67/77 | €4,436 | €321 | -€4,115 | -92.8% |
| Profit (loss) for the period | 9904 | €13,414 | -€39,238 | -€52,652 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,414 | -€39,238 | -€52,652 |
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 26 October 2026 via checked.be.