Beiersdorf: 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.
What changed
Beiersdorf
NACE 46.450, Wholesale of perfume and cosmetics
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.7m
2024 · €14.1m-€10.4m
Equity
€125.1m
2024 · €124.9m+€182,980
Cash
€27.2m
2024 · €23.4m+€3.8m
Balance sheet total
€169.2m
2024 · €178.7m-€9.6m
Largest movements
Assets
- Receivables within one year -€13.4m
down €13.4m (-8.6%), from €154.6m to €141.3m
of which Trade receivables: -€8.9m
- Cash +€3.8m
up €3.8m (+16.4%), from €23.4m to €27.2m
mainly Receivables within one year (+€13.4m) and Net result for the year (+€3.7m)
Equity and liabilities
- Other debts -€9.9m
down €9.9m (-74.0%), from €13.3m to €3.5m
Income statement
- Turnover +€4.6m
up €4.6m (+6.2%), from €75.2m to €79.8m
- Services and other goods +€4.4m
up €4.4m (+9.9%), from €44.3m to €48.7m
- Financial income -€2.7m
down €2.7m (-42.8%), from €6.3m to €3.6m
- Other operating income +€1.5m
up €1.5m (+19.4%), from €7.9m to €9.5m
- Taxes -€901,428
down €901,428 (-26.9%), from €3.3m to €2.4m
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.
Result 2024
€14.1m
Turnover
+€4.6m
Other operating income
+€1.5m
Goods and materials
-€375,584
Services and other goods
-€4.4m
Staff costs
-€460,374
Depreciation
-€46,429
Write-downs
-€443,344
Provisions
-€495,901
Other operating charges
-€531
Other operating items
-€8.6m
Financial income
-€2.7m
Financial charges
+€1,660
Taxes
+€901,428
Result 2025
€3.7m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€7.4m
Investment
-€74,898
Financing
-€3.5m
Cash 2024
€23.4m
From operations (derived)
+€7.4m
Net result for the year
+€3.7m
Depreciation
+€130,789
Receivables within one year
+€13.4m
Deferred charges and accrued income
-€7,822
Provisions
-€96,104
Trade debts
+€673,938
Tax, wage and social debts
-€541,865
Other debts
-€9.9m
Accrued charges and deferred income
+€98,118
Investment (derived)
-€74,898
Investment in fixed assets (net)
-€74,898
Financing
-€3.5m
Contributions, distributions and other
-€3.5m
Cash 2025
€27.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,727,213 | €169,172,114 | -€9.6m | -5.3% |
| Fixed assets | 21/28 | €658,933 | €603,042 | -€55,891 | -8.5% |
| Tangible fixed assets | 22/27 | €658,933 | €603,042 | -€55,891 | -8.5% |
| Furniture and vehicles | 24 | €619,161 | €603,042 | -€16,119 | -2.6% |
| Assets under construction and advance payments | 27 | €39,772 | - | -€39,772 | |
| Current assets | 29/58 | €178,068,280 | €168,569,072 | -€9.5m | -5.3% |
| Amounts receivable within one year | 40/41 | €154,618,259 | €141,266,554 | -€13.4m | -8.6% |
| Trade receivables | 40 | €26,402,106 | €17,497,516 | -€8.9m | -33.7% |
| Other amounts receivable | 41 | €128,216,153 | €123,769,038 | -€4.4m | -3.5% |
| Cash at bank and in hand | 54/58 | €23,396,143 | €27,240,818 | +€3.8m | +16.4% |
| Deferred charges and accrued income | 490/1 | €53,878 | €61,700 | +€7,822 | +14.5% |
| Total equity and liabilities | 10/49 | €178,727,213 | €169,172,114 | -€9.6m | -5.3% |
| Equity | 10/15 | €124,939,897 | €125,122,877 | +€182,980 | +0.1% |
| Contributions | 10/11 | €99,957,870 | €99,957,870 | = | 0.0% |
| Capital | 10 | €99,957,870 | €99,957,870 | = | 0.0% |
| Issued capital | 100 | €99,957,870 | €99,957,870 | = | 0.0% |
| Reserves | 13 | €7,660,011 | €7,842,991 | +€182,980 | +2.4% |
| Non-distributable reserves | 130/1 | €7,660,011 | €7,842,991 | +€182,980 | +2.4% |
| Legal reserve | 130 | €7,657,185 | €7,840,165 | +€182,980 | +2.4% |
| Reserves not available under the articles | 1311 | €2,826 | €2,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,322,016 | €17,322,016 | = | 0.0% |
| Provisions and deferred taxes | 16 | €656,555 | €560,451 | -€96,104 | -14.6% |
| Provisions for liabilities and charges | 160/5 | €656,555 | €560,451 | -€96,104 | -14.6% |
| Other liabilities and charges | 164/5 | €656,555 | €560,451 | -€96,104 | -14.6% |
| Amounts payable | 17/49 | €53,130,761 | €43,488,786 | -€9.6m | -18.1% |
| Amounts payable within one year | 42/48 | €52,877,088 | €43,136,995 | -€9.7m | -18.4% |
| Trade debts | 44 | €33,655,876 | €34,329,814 | +€673,938 | +2.0% |
| Suppliers | 440/4 | €33,655,876 | €34,329,814 | +€673,938 | +2.0% |
| Taxes, remuneration and social security | 45 | €5,872,448 | €5,330,583 | -€541,865 | -9.2% |
| Taxes | 450/3 | €3,804,103 | €3,075,101 | -€729,002 | -19.2% |
| Remuneration and social security | 454/9 | €2,068,345 | €2,255,482 | +€187,137 | +9.0% |
| Other amounts payable | 47/48 | €13,348,764 | €3,476,598 | -€9.9m | -74.0% |
| Accrued charges and deferred income | 492/3 | €253,673 | €351,791 | +€98,118 | +38.7% |
| Operating income | 70/76A | €91,231,369 | €89,297,962 | -€1.9m | -2.1% |
| Turnover | 70 | €75,184,896 | €79,822,125 | +€4.6m | +6.2% |
| Other operating income | 74 | €7,934,473 | €9,475,837 | +€1.5m | +19.4% |
| Non-recurring operating income | 76A | €8,112,000 | - | -€8.1m | |
| Operating charges | 60/66A | €80,132,656 | €86,795,839 | +€6.7m | +8.3% |
| Goods for resale, raw materials and consumables | 60 | €26,169,159 | €26,544,743 | +€375,584 | +1.4% |
| Purchases | 600/8 | €26,169,159 | €26,544,743 | +€375,584 | +1.4% |
| Services and other goods | 61 | €44,273,125 | €48,672,706 | +€4.4m | +9.9% |
| Remuneration, social security and pensions | 62 | €9,768,129 | €10,228,503 | +€460,374 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,360 | €130,789 | +€46,429 | +55.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €429,889 | €873,233 | +€443,344 | +103% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€592,006 | -€96,105 | +€495,901 | +83.8% |
| Other operating charges | 640/8 | - | €531 | +€531 | |
| Non-recurring operating charges | 66A | - | €441,439 | +€441,439 | |
| Operating profit (loss) | 9901 | €11,098,713 | €2,502,123 | -€8.6m | -77.5% |
| Financial income | 75/76B | €6,303,970 | €3,605,717 | -€2.7m | -42.8% |
| Recurring financial income | 75 | €6,303,970 | €3,605,717 | -€2.7m | -42.8% |
| Income from current assets | 751 | €6,303,970 | €3,605,717 | -€2.7m | -42.8% |
| Financial charges | 65/66B | €3,567 | €1,907 | -€1,660 | -46.5% |
| Recurring financial charges | 65 | €3,567 | €1,907 | -€1,660 | -46.5% |
| Other financial charges | 652/9 | €3,567 | €1,907 | -€1,660 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €17,399,116 | €6,105,933 | -€11.3m | -64.9% |
| Income taxes | 67/77 | €3,347,785 | €2,446,357 | -€901,428 | -26.9% |
| Taxes | 670/3 | €3,347,785 | €2,446,357 | -€901,428 | -26.9% |
| Profit (loss) for the period | 9904 | €14,051,331 | €3,659,576 | -€10.4m | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,051,331 | €3,659,576 | -€10.4m | -74.0% |
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 29 October 2026 via checked.be.