Beaulieu Properties II: what changed
What changed
Beaulieu Properties II
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€246,809
2024 · -€193,936-€52,873
Equity
-€316,745
2024 · -€69,936-€246,809
Cash
€4,647
2024 · €18,329-€13,682
Balance sheet total
€4.9m
2024 · €4.9m-€48,202
Largest movements
Assets
- Receivables within one year -€840,197
no longer reported in 2025 (was €840,197)
of which Other amounts receivable: -€840,000
- Financial fixed assets +€805,678
up €805,678 (+19.8%), from €4.1m to €4.9m
Equity and liabilities
- Profit (loss) carried forward -€246,809
down €246,809 (-127%), from -€193,936 to -€440,745
- Debts after one year +€177,402
up €177,402 (+20.4%), from €871,630 to €1.0m
Income statement
- Financial charges +€87,999
up €87,999 (+58.4%), from €150,703 to €238,702
- Gross operating margin +€35,139
up €35,139 (+82.0%), from -€42,846 to -€7,708
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€193,936
Gross operating margin
+€35,139
Other operating charges
-€12
Financial charges
-€87,999
Result 2025
-€246,809
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€614,594
Investment
-€805,678
Financing
+€177,402
Cash 2024
€18,329
From operations (derived)
+€614,594
Net result for the year
-€246,809
Receivables within one year
+€840,197
Trade debts
+€440
Other debts
+€20,765
Investment (derived)
-€805,678
Investment in fixed assets (net)
-€805,678
Financing
+€177,402
Debts after one year
+€177,402
Cash 2025
€4,647
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,920,526 | €4,872,324 | -€48,202 | -1.0% |
| Fixed assets | 21/28 | €4,062,000 | €4,867,678 | +€805,678 | +19.8% |
| Financial fixed assets | 28 | €4,062,000 | €4,867,678 | +€805,678 | +19.8% |
| Current assets | 29/58 | €858,526 | €4,647 | -€853,879 | -99.5% |
| Amounts receivable within one year | 40/41 | €840,197 | - | -€840,197 | |
| Trade receivables | 40 | €197 | - | -€197 | |
| Other amounts receivable | 41 | €840,000 | - | -€840,000 | |
| Cash at bank and in hand | 54/58 | €18,329 | €4,647 | -€13,682 | -74.6% |
| Total equity and liabilities | 10/49 | €4,920,526 | €4,872,324 | -€48,202 | -1.0% |
| Equity | 10/15 | -€69,936 | -€316,745 | -€246,809 | -353% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€193,936 | -€440,745 | -€246,809 | -127% |
| Amounts payable | 17/49 | €4,990,462 | €5,189,070 | +€198,607 | +4.0% |
| Amounts payable after more than one year | 17 | €871,630 | €1,049,032 | +€177,402 | +20.4% |
| Financial debts | 170/4 | €871,630 | €1,049,032 | +€177,402 | +20.4% |
| Amounts payable within one year | 42/48 | €4,118,833 | €4,140,038 | +€21,205 | +0.5% |
| Trade debts | 44 | €1,893 | €2,333 | +€440 | +23.3% |
| Suppliers | 440/4 | €1,893 | €2,333 | +€440 | +23.3% |
| Other amounts payable | 47/48 | €4,116,940 | €4,137,705 | +€20,765 | +0.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€42,846 | -€7,708 | +€35,139 | +82.0% |
| Operating profit (loss) | 9901 | -€43,234 | -€8,108 | +€35,126 | +81.2% |
| Financial charges | 65/66B | €150,703 | €238,702 | +€87,999 | +58.4% |
| Recurring financial charges | 65 | €150,703 | €238,702 | +€87,999 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | -€193,936 | -€246,809 | -€52,873 | -27.3% |
| Profit (loss) for the period | 9904 | -€193,936 | -€246,809 | -€52,873 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€193,936 | -€246,809 | -€52,873 | -27.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.