Beaufort 3: 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 3
Largest movements
- Cash -€21,982
down €21,982 (-93.8%), from €23,428 to €1,446
mainly Net result for the year (-€23,674) and Debts after one year (-€16,404)
- Tangible fixed assets -€13,458
down €13,458 (-9.8%), from €136,794 to €123,336
- Profit (loss) carried forward -€23,674
down €23,674 (-66.1%), from -€35,809 to -€59,483
- Other debts +€17,432
up €17,432 (+7,100%), from €246 to €17,678
- Debts after one year -€16,404
down €16,404 (-21.0%), from €78,130 to €61,726
- Tax, wage and social debts -€14,769
down €14,769 (-89.6%), from €16,481 to €1,711
- Gross operating margin +€11,320
up €11,320 (+69.4%), from -€16,322 to -€5,002
- Financial charges -€425
down €425 (-16.0%), from €2,663 to €2,237
- Other operating charges -€370
down €370 (-12.8%), from €2,892 to €2,522
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 | €163,159 | €126,848 | -€36,311 | -22.3% |
| Fixed assets | 21/28 | €136,794 | €123,336 | -€13,458 | -9.8% |
| Tangible fixed assets | 22/27 | €136,794 | €123,336 | -€13,458 | -9.8% |
| Land and buildings | 22 | €117,582 | €111,005 | -€6,577 | -5.6% |
| Furniture and vehicles | 24 | €1,757 | €909 | -€848 | -48.3% |
| Leasing and similar rights | 25 | €17,455 | €11,421 | -€6,033 | -34.6% |
| Current assets | 29/58 | €26,365 | €3,512 | -€22,853 | -86.7% |
| Stocks and contracts in progress | 3 | €550 | - | -€550 | |
| Stocks | 30/36 | €550 | - | -€550 | |
| Amounts receivable within one year | 40/41 | €1,769 | €1,432 | -€337 | -19.1% |
| Trade receivables | 40 | €1,186 | €678 | -€507 | -42.8% |
| Other amounts receivable | 41 | €583 | €753 | +€170 | +29.2% |
| Cash at bank and in hand | 54/58 | €23,428 | €1,446 | -€21,982 | -93.8% |
| Deferred charges and accrued income | 490/1 | €618 | €634 | +€16 | +2.6% |
| Total equity and liabilities | 10/49 | €163,159 | €126,848 | -€36,311 | -22.3% |
| Equity | 10/15 | €49,440 | €25,766 | -€23,674 | -47.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €72,849 | €72,849 | = | 0.0% |
| Distributable reserves | 133 | €72,849 | €72,849 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,809 | -€59,483 | -€23,674 | -66.1% |
| Amounts payable | 17/49 | €113,719 | €101,082 | -€12,637 | -11.1% |
| Amounts payable after more than one year | 17 | €78,130 | €61,726 | -€16,404 | -21.0% |
| Financial debts | 170/4 | €78,130 | €61,726 | -€16,404 | -21.0% |
| Amounts payable within one year | 42/48 | €35,590 | €39,357 | +€3,767 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €15,966 | €16,404 | +€438 | +2.7% |
| Trade debts | 44 | €2,897 | €3,564 | +€667 | +23.0% |
| Suppliers | 440/4 | €2,897 | €3,564 | +€667 | +23.0% |
| Taxes, remuneration and social security | 45 | €16,481 | €1,711 | -€14,769 | -89.6% |
| Taxes | 450/3 | €16,481 | €1,711 | -€14,769 | -89.6% |
| Other amounts payable | 47/48 | €246 | €17,678 | +€17,432 | +7,100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,458 | €13,458 | = | 0.0% |
| Other operating charges | 640/8 | €2,892 | €2,522 | -€370 | -12.8% |
| Gross operating margin | 9900 | -€16,322 | -€5,002 | +€11,320 | +69.4% |
| Operating profit (loss) | 9901 | -€32,672 | -€20,982 | +€11,690 | +35.8% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €2,663 | €2,237 | -€425 | -16.0% |
| Recurring financial charges | 65 | €2,663 | €2,237 | -€425 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€35,329 | -€23,219 | +€12,110 | +34.3% |
| Income taxes | 67/77 | €480 | €455 | -€25 | -5.3% |
| Profit (loss) for the period | 9904 | -€35,809 | -€23,674 | +€12,135 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,809 | -€23,674 | +€12,135 | +33.9% |
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 30 October 2026 via checked.be.