BEAUFORT: 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.
BEAUFORT
Largest movements
- Tangible fixed assets +€640,838
up €640,838 (+30.8%), from €2.1m to €2.7m
of which Land and buildings: +€641,458
- Cash +€197,767
up €197,767 (+226.9%), from €87,175 to €284,942
mainly Other debts (+€345,757) and Debts after one year (+€234,167)
- Other debts +€345,757
up €345,757 (+130.7%), from €264,641 to €610,398
- Debts after one year +€234,167
up €234,167 (+257.1%), from €91,094 to €325,260
- Trade debts +€107,175
up €107,175 (+172.6%), from €62,086 to €169,262
- Reserves +€83,535
up €83,535 (+10.3%), from €810,946 to €894,481
- Accrued charges and deferred income +€54,801
up €54,801 (+243.2%), from €22,535 to €77,336
- Gross operating margin +€46,298
up €46,298 (+7.6%), from €607,703 to €654,001
- Taxes -€11,742
down €11,742 (-52.5%), from €22,375 to €10,632
- Financial charges +€11,458
up €11,458 (+34.4%), from €33,294 to €44,752
- Staff costs +€8,511
up €8,511 (+2.7%), from €316,462 to €324,973
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 | €2,208,109 | €3,059,127 | +€851,018 | +38.5% |
| Fixed assets | 21/28 | €2,079,302 | €2,720,141 | +€640,838 | +30.8% |
| Tangible fixed assets | 22/27 | €2,079,144 | €2,719,982 | +€640,838 | +30.8% |
| Land and buildings | 22 | €2,043,026 | €2,684,484 | +€641,458 | +31.4% |
| Plant, machinery and equipment | 23 | €13,086 | €19,456 | +€6,370 | +48.7% |
| Furniture and vehicles | 24 | €23,032 | €16,042 | -€6,990 | -30.3% |
| Financial fixed assets | 28 | €158 | €158 | = | 0.0% |
| Current assets | 29/58 | €128,807 | €338,986 | +€210,180 | +163.2% |
| Stocks and contracts in progress | 3 | €33,655 | €27,755 | -€5,901 | -17.5% |
| Stocks | 30/36 | €33,655 | €27,755 | -€5,901 | -17.5% |
| Amounts receivable within one year | 40/41 | €6,696 | €21,897 | +€15,201 | +227.0% |
| Trade receivables | 40 | €6,692 | €12,476 | +€5,784 | +86.4% |
| Other amounts receivable | 41 | €4 | €9,421 | +€9,417 | +211617.1% |
| Cash at bank and in hand | 54/58 | €87,175 | €284,942 | +€197,767 | +226.9% |
| Deferred charges and accrued income | 490/1 | €1,280 | €4,393 | +€3,112 | +243.1% |
| Total equity and liabilities | 10/49 | €2,208,109 | €3,059,127 | +€851,018 | +38.5% |
| Equity | 10/15 | €1,633,946 | €1,717,481 | +€83,535 | +5.1% |
| Contributions | 10/11 | €823,000 | €823,000 | = | 0.0% |
| Reserves | 13 | €810,946 | €894,481 | +€83,535 | +10.3% |
| Distributable reserves | 133 | €810,946 | €894,481 | +€83,535 | +10.3% |
| Amounts payable | 17/49 | €574,163 | €1,341,645 | +€767,483 | +133.7% |
| Amounts payable after more than one year | 17 | €91,094 | €325,260 | +€234,167 | +257.1% |
| Financial debts | 170/4 | €91,094 | €325,260 | +€234,167 | +257.1% |
| Amounts payable within one year | 42/48 | €460,534 | €939,049 | +€478,516 | +103.9% |
| Current portion of amounts payable after more than one year | 42 | €95,787 | €95,891 | +€104 | +0.1% |
| Trade debts | 44 | €62,086 | €169,262 | +€107,175 | +172.6% |
| Suppliers | 440/4 | €62,086 | €169,262 | +€107,175 | +172.6% |
| Taxes, remuneration and social security | 45 | €38,020 | €63,499 | +€25,479 | +67.0% |
| Taxes | 450/3 | €17,890 | €33,415 | +€15,526 | +86.8% |
| Remuneration and social security | 454/9 | €20,130 | €30,084 | +€9,953 | +49.4% |
| Other amounts payable | 47/48 | €264,641 | €610,398 | +€345,757 | +130.7% |
| Accrued charges and deferred income | 492/3 | €22,535 | €77,336 | +€54,801 | +243.2% |
| Non-recurring operating income | 76A | €0 | €31,250 | +€31,250 | |
| Remuneration, social security and pensions | 62 | €316,462 | €324,973 | +€8,511 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,878 | €176,237 | +€6,359 | +3.7% |
| Other operating charges | 640/8 | €11,487 | €13,872 | +€2,385 | +20.8% |
| Gross operating margin | 9900 | €607,703 | €654,001 | +€46,298 | +7.6% |
| Operating profit (loss) | 9901 | €109,876 | €138,919 | +€29,043 | +26.4% |
| Financial charges | 65/66B | €33,294 | €44,752 | +€11,458 | +34.4% |
| Recurring financial charges | 65 | €33,294 | €44,752 | +€11,458 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €76,582 | €94,167 | +€17,586 | +23.0% |
| Income taxes | 67/77 | €22,375 | €10,632 | -€11,742 | -52.5% |
| Profit (loss) for the period | 9904 | €54,207 | €83,535 | +€29,328 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,207 | €83,535 | +€29,328 | +54.1% |
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.