BEEFOUNDERS: 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.
BEEFOUNDERS
Largest movements
- Financial fixed assets -€21,570
down €21,570 (-87.6%), from €24,630 to €3,060
- Cash -€17,210
down €17,210 (-27.2%), from €63,173 to €45,964
mainly Net result for the year (-€38,797) and Trade debts (-€7,915)
- Intangible fixed assets -€4,000
down €4,000 (-34.8%), from €11,507 to €7,507
- Receivables within one year -€1,624
down €1,624 (-12.7%), from €12,835 to €11,212
of which Trade receivables: -€1,539
- Profit (loss) carried forward -€38,797
down €38,797 (-2.3%), from -€1.7m to -€1.7m
- Trade debts -€7,915
down €7,915 (-97.6%), from €8,113 to €198
- Tax, wage and social debts +€1,867
up €1,867 (+660.2%), from €283 to €2,150
- Financial charges +€21,500
up €21,500 (+13988.2%), from €154 to €21,654
of which Non-recurring financial charges: +€21,500
- Gross operating margin +€15,034
up €15,034 (+53.5%), from -€28,120 to -€13,086
- Financial income -€402
down €402 (-100.0%), from €402 to €0
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 | €113,103 | €68,272 | -€44,831 | -39.6% |
| Fixed assets | 21/28 | €36,574 | €10,567 | -€26,007 | -71.1% |
| Intangible fixed assets | 21 | €11,507 | €7,507 | -€4,000 | -34.8% |
| Tangible fixed assets | 22/27 | €437 | €0 | -€437 | -100.0% |
| Furniture and vehicles | 24 | €437 | €0 | -€437 | -100.0% |
| Financial fixed assets | 28 | €24,630 | €3,060 | -€21,570 | -87.6% |
| Current assets | 29/58 | €76,529 | €57,705 | -€18,824 | -24.6% |
| Amounts receivable within one year | 40/41 | €12,835 | €11,212 | -€1,624 | -12.7% |
| Trade receivables | 40 | €11,842 | €10,303 | -€1,539 | -13.0% |
| Other amounts receivable | 41 | €994 | €909 | -€85 | -8.6% |
| Cash at bank and in hand | 54/58 | €63,173 | €45,964 | -€17,210 | -27.2% |
| Deferred charges and accrued income | 490/1 | €520 | €530 | +€10 | +1.9% |
| Total equity and liabilities | 10/49 | €113,103 | €68,272 | -€44,831 | -39.6% |
| Equity | 10/15 | €104,631 | €65,835 | -€38,797 | -37.1% |
| Contributions | 10/11 | €1,756,146 | €1,756,146 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €1,694,646 | €1,694,646 | = | 0.0% |
| Share premium | 1100/10 | €1,694,646 | €1,694,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,651,515 | -€1,690,311 | -€38,797 | -2.3% |
| Amounts payable | 17/49 | €8,471 | €2,437 | -€6,035 | -71.2% |
| Amounts payable within one year | 42/48 | €8,471 | €2,437 | -€6,035 | -71.2% |
| Financial debts | 43 | €76 | €89 | +€13 | +17.4% |
| Credit institutions | 430/8 | €76 | €89 | +€13 | +17.4% |
| Trade debts | 44 | €8,113 | €198 | -€7,915 | -97.6% |
| Suppliers | 440/4 | €8,113 | €198 | -€7,915 | -97.6% |
| Taxes, remuneration and social security | 45 | €283 | €2,150 | +€1,867 | +660.2% |
| Taxes | 450/3 | €283 | €2,150 | +€1,867 | +660.2% |
| Remuneration, social security and pensions | 62 | -€72 | €0 | +€72 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,214 | €4,000 | -€214 | -5.1% |
| Other operating charges | 640/8 | €0 | €57 | +€57 | |
| Gross operating margin | 9900 | -€28,120 | -€13,086 | +€15,034 | +53.5% |
| Operating profit (loss) | 9901 | -€32,262 | -€17,143 | +€15,119 | +46.9% |
| Financial income | 75/76B | €402 | €0 | -€402 | -100.0% |
| Recurring financial income | 75 | €402 | €0 | -€402 | -100.0% |
| Financial charges | 65/66B | €154 | €21,654 | +€21,500 | +13988.2% |
| Recurring financial charges | 65 | €154 | €154 | -€0 | -0.1% |
| Non-recurring financial charges | 66B | €0 | €21,500 | +€21,500 | |
| Profit (loss) for the period before taxes | 9903 | -€32,014 | -€38,797 | -€6,783 | -21.2% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -100.0% |
| Profit (loss) for the period | 9904 | -€32,014 | -€38,797 | -€6,782 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,014 | -€38,797 | -€6,782 | -21.2% |
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 12 October 2026 via checked.be.