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
- Current investments +€160,999
up €160,999 (+16.7%), from €964,641 to €1.1m
- Receivables within one year -€44,350
down €44,350 (-42.6%), from €104,056 to €59,707
of which Other amounts receivable: -€44,350
- Cash +€37,122
up €37,122 (+112%), from €33,262 to €70,383
mainly Other debts (+€212,460) and Net result for the year (+€155,713)
- Tangible fixed assets -€20,710
down €20,710 (-16.2%), from €127,830 to €107,121
of which Land and buildings: -€25,426
- Other debts +€212,460
up €212,460, from €0 to €212,460
- Reserves -€74,287
down €74,287 (-6.3%), from €1.2m to €1.1m
of which Distributable reserves: -€74,287
- Gross operating margin -€43,869
down €43,869 (-14.2%), from €308,358 to €264,489
- Taxes -€16,849
down €16,849 (-18.7%), from €90,310 to €73,461
- Financial income -€5,457
down €5,457 (-92.1%), from €5,922 to €465
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 | €1,239,350 | €1,372,371 | +€133,021 | +10.7% |
| Fixed assets | 21/28 | €127,830 | €107,121 | -€20,710 | -16.2% |
| Tangible fixed assets | 22/27 | €127,830 | €107,121 | -€20,710 | -16.2% |
| Land and buildings | 22 | €127,830 | €102,404 | -€25,426 | -19.9% |
| Furniture and vehicles | 24 | €0 | €4,716 | +€4,716 | |
| Current assets | 29/58 | €1,111,520 | €1,265,251 | +€153,731 | +13.8% |
| Amounts receivable within one year | 40/41 | €104,056 | €59,707 | -€44,350 | -42.6% |
| Trade receivables | 40 | €57,596 | €57,596 | = | 0.0% |
| Other amounts receivable | 41 | €46,460 | €2,111 | -€44,350 | -95.5% |
| Current investments | 50/53 | €964,641 | €1,125,640 | +€160,999 | +16.7% |
| Cash at bank and in hand | 54/58 | €33,262 | €70,383 | +€37,122 | +112% |
| Deferred charges and accrued income | 490/1 | €9,561 | €9,521 | -€40 | -0.4% |
| Total equity and liabilities | 10/49 | €1,239,350 | €1,372,371 | +€133,021 | +10.7% |
| Equity | 10/15 | €1,203,212 | €1,128,925 | -€74,287 | -6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,184,612 | €1,110,325 | -€74,287 | -6.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,244 | €4,244 | = | 0.0% |
| Distributable reserves | 133 | €1,178,508 | €1,104,221 | -€74,287 | -6.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,138 | €243,446 | +€207,308 | +574% |
| Amounts payable within one year | 42/48 | €36,138 | €243,446 | +€207,308 | +574% |
| Trade debts | 44 | €1,908 | €992 | -€916 | -48.0% |
| Suppliers | 440/4 | €1,908 | €992 | -€916 | -48.0% |
| Taxes, remuneration and social security | 45 | €34,230 | €29,994 | -€4,236 | -12.4% |
| Taxes | 450/3 | €34,230 | €29,994 | -€4,236 | -12.4% |
| Other amounts payable | 47/48 | €0 | €212,460 | +€212,460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,832 | €26,600 | +€768 | +3.0% |
| Other operating charges | 640/8 | €4,333 | €4,701 | +€368 | +8.5% |
| Gross operating margin | 9900 | €308,358 | €264,489 | -€43,869 | -14.2% |
| Operating profit (loss) | 9901 | €278,193 | €233,187 | -€45,005 | -16.2% |
| Financial income | 75/76B | €5,922 | €465 | -€5,457 | -92.1% |
| Recurring financial income | 75 | €5,922 | €465 | -€5,457 | -92.1% |
| Financial charges | 65/66B | €2,748 | €4,479 | +€1,731 | +63.0% |
| Recurring financial charges | 65 | €2,748 | €4,479 | +€1,731 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | €281,367 | €229,174 | -€52,193 | -18.5% |
| Income taxes | 67/77 | €90,310 | €73,461 | -€16,849 | -18.7% |
| Profit (loss) for the period | 9904 | €191,057 | €155,713 | -€35,344 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €191,057 | €155,713 | -€35,344 | -18.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.