BEGUARD: 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.
BEGUARD
Largest movements
- Cash -€93,638
down €93,638 (-100.0%), from €93,646 to €8
mainly Other debts (-€80,898) and Tax, wage and social debts (-€75,595)
- Tangible fixed assets +€37,970
up €37,970 (+300%), from €12,645 to €50,616
- Receivables within one year -€37,921
down €37,921 (-58.3%), from €65,042 to €27,121
of which Trade receivables: -€47,629
- Deferred charges and accrued income -€24,022
down €24,022 (-92.5%), from €25,981 to €1,958
- Other debts -€80,898
down €80,898 (-64.9%), from €124,706 to €43,807
- Tax, wage and social debts -€75,595
down €75,595 (-58.4%), from €129,529 to €53,934
of which Remuneration and social security: -€39,467
- Profit (loss) carried forward +€40,558
up €40,558 (+51.1%), from -€79,443 to -€38,886
- Gross operating margin +€193,997
up €193,997 (+78.2%), from €248,063 to €442,060
- Staff costs +€160,273
up €160,273 (+74.8%), from €214,192 to €374,465
- Depreciation +€12,466
up €12,466 (+477%), from €2,616 to €15,081
- Other operating charges +€7,598
up €7,598 (+688%), from €1,104 to €8,702
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,887 | €81,277 | -€117,610 | -59.1% |
| Fixed assets | 21/28 | €14,218 | €52,189 | +€37,970 | +267% |
| Tangible fixed assets | 22/27 | €12,645 | €50,616 | +€37,970 | +300% |
| Furniture and vehicles | 24 | €12,645 | €50,616 | +€37,970 | +300% |
| Financial fixed assets | 28 | €1,573 | €1,573 | = | 0.0% |
| Current assets | 29/58 | €184,668 | €29,088 | -€155,580 | -84.2% |
| Amounts receivable within one year | 40/41 | €65,042 | €27,121 | -€37,921 | -58.3% |
| Trade receivables | 40 | €64,233 | €16,604 | -€47,629 | -74.2% |
| Other amounts receivable | 41 | €809 | €10,517 | +€9,708 | +1,200% |
| Cash at bank and in hand | 54/58 | €93,646 | €8 | -€93,638 | -100.0% |
| Deferred charges and accrued income | 490/1 | €25,981 | €1,958 | -€24,022 | -92.5% |
| Total equity and liabilities | 10/49 | €198,887 | €81,277 | -€117,610 | -59.1% |
| Equity | 10/15 | -€64,443 | -€23,886 | +€40,558 | +62.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,443 | -€38,886 | +€40,558 | +51.1% |
| Amounts payable | 17/49 | €263,330 | €105,162 | -€158,168 | -60.1% |
| Amounts payable within one year | 42/48 | €263,330 | €105,162 | -€158,168 | -60.1% |
| Trade debts | 44 | €9,095 | €7,420 | -€1,675 | -18.4% |
| Suppliers | 440/4 | €9,095 | €7,420 | -€1,675 | -18.4% |
| Taxes, remuneration and social security | 45 | €129,529 | €53,934 | -€75,595 | -58.4% |
| Taxes | 450/3 | €42,428 | €6,300 | -€36,128 | -85.2% |
| Remuneration and social security | 454/9 | €87,101 | €47,634 | -€39,467 | -45.3% |
| Other amounts payable | 47/48 | €124,706 | €43,807 | -€80,898 | -64.9% |
| Remuneration, social security and pensions | 62 | €214,192 | €374,465 | +€160,273 | +74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,616 | €15,081 | +€12,466 | +477% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,120 | +€2,120 | |
| Other operating charges | 640/8 | €1,104 | €8,702 | +€7,598 | +688% |
| Gross operating margin | 9900 | €248,063 | €442,060 | +€193,997 | +78.2% |
| Operating profit (loss) | 9901 | €30,151 | €41,692 | +€11,541 | +38.3% |
| Financial charges | 65/66B | €736 | €1,134 | +€398 | +54.1% |
| Recurring financial charges | 65 | €736 | €1,134 | +€398 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €29,415 | €40,558 | +€11,143 | +37.9% |
| Profit (loss) for the period | 9904 | €29,415 | €40,558 | +€11,143 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,415 | €40,558 | +€11,143 | +37.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.