BEAUVOIR: 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.
BEAUVOIR
Largest movements
- Stocks and contracts +€35,692
up €35,692 (+17.2%), from €207,966 to €243,658
- Tangible fixed assets +€33,847
up €33,847 (+1.4%), from €2.4m to €2.4m
- Cash -€32,112
down €32,112 (-23.1%), from €139,255 to €107,143
mainly Current portion of long-term debt (-€838,893) and Stocks and contracts (-€35,692)
- Debts after one year +€850,637
new in 2025: €850,637
- Current portion of long-term debt -€838,893
no longer reported in 2025 (was €838,893)
- Profit (loss) carried forward +€61,908
up €61,908 (+24.0%), from -€258,398 to -€196,490
- Gross operating margin -€8,111
down €8,111 (-8.7%), from €93,292 to €85,181
- Financial charges -€3,411
down €3,411 (-16.6%), from €20,492 to €17,081
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 | €2,975,720 | €3,027,237 | +€51,517 | +1.7% |
| Fixed assets | 21/28 | €2,389,383 | €2,423,230 | +€33,847 | +1.4% |
| Tangible fixed assets | 22/27 | €2,380,469 | €2,414,316 | +€33,847 | +1.4% |
| Land and buildings | 22 | €2,380,469 | €2,414,316 | +€33,847 | +1.4% |
| Financial fixed assets | 28 | €8,914 | €8,914 | = | 0.0% |
| Current assets | 29/58 | €586,337 | €604,007 | +€17,670 | +3.0% |
| Stocks and contracts in progress | 3 | €207,966 | €243,658 | +€35,692 | +17.2% |
| Contracts in progress | 37 | €207,966 | €243,658 | +€35,692 | +17.2% |
| Amounts receivable within one year | 40/41 | €239,117 | €253,206 | +€14,089 | +5.9% |
| Other amounts receivable | 41 | €239,117 | €253,206 | +€14,089 | +5.9% |
| Cash at bank and in hand | 54/58 | €139,255 | €107,143 | -€32,112 | -23.1% |
| Total equity and liabilities | 10/49 | €2,975,720 | €3,027,237 | +€51,517 | +1.7% |
| Equity | 10/15 | €2,021,491 | €2,083,399 | +€61,908 | +3.1% |
| Contributions | 10/11 | €2,279,629 | €2,279,629 | = | 0.0% |
| Capital | 10 | €2,279,629 | €2,279,629 | = | 0.0% |
| Issued capital | 100 | €2,279,629 | €2,279,629 | = | 0.0% |
| Reserves | 13 | €260 | €260 | = | 0.0% |
| Distributable reserves | 133 | €260 | €260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€258,398 | -€196,490 | +€61,908 | +24.0% |
| Amounts payable | 17/49 | €954,229 | €943,838 | -€10,391 | -1.1% |
| Amounts payable after more than one year | 17 | - | €850,637 | +€850,637 | |
| Other amounts payable | 178/9 | - | €850,637 | +€850,637 | |
| Amounts payable within one year | 42/48 | €953,736 | €92,948 | -€860,788 | -90.3% |
| Current portion of amounts payable after more than one year | 42 | €838,893 | - | -€838,893 | |
| Trade debts | 44 | €63,690 | €43,328 | -€20,362 | -32.0% |
| Suppliers | 440/4 | €63,690 | €43,328 | -€20,362 | -32.0% |
| Taxes, remuneration and social security | 45 | €11,056 | €9,523 | -€1,533 | -13.9% |
| Taxes | 450/3 | €6,054 | €9,523 | +€3,469 | +57.3% |
| Remuneration and social security | 454/9 | €5,002 | - | -€5,002 | |
| Other amounts payable | 47/48 | €40,097 | €40,097 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €493 | €253 | -€240 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,409 | €1,725 | +€316 | +22.4% |
| Other operating charges | 640/8 | €9,331 | €9,360 | +€28 | +0.3% |
| Gross operating margin | 9900 | €93,292 | €85,181 | -€8,111 | -8.7% |
| Operating profit (loss) | 9901 | €82,552 | €74,096 | -€8,456 | -10.2% |
| Financial income | 75/76B | €4,930 | €4,892 | -€38 | -0.8% |
| Recurring financial income | 75 | €4,930 | €4,892 | -€38 | -0.8% |
| Financial charges | 65/66B | €20,492 | €17,081 | -€3,411 | -16.6% |
| Recurring financial charges | 65 | €20,492 | €17,081 | -€3,411 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €66,991 | €61,908 | -€5,083 | -7.6% |
| Profit (loss) for the period | 9904 | €66,991 | €61,908 | -€5,083 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €66,991 | €61,908 | -€5,083 | -7.6% |
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 18 October 2026 via checked.be.