BEUSERIE DAVID: 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.
BEUSERIE DAVID
Largest movements
- Tangible fixed assets -€15,999
down €15,999 (-33.2%), from €48,173 to €32,174
- Cash -€13,137
down €13,137 (-44.9%), from €29,246 to €16,109
mainly Trade debts (-€20,560) and Other debts (-€10,721)
- Receivables within one year -€4,959
down €4,959 (-17.8%), from €27,866 to €22,908
of which Other amounts receivable: -€3,314
- Trade debts -€20,560
down €20,560 (-74.5%), from €27,615 to €7,054
- Other debts -€10,721
down €10,721 (-27.5%), from €39,012 to €28,291
- Debts after one year -€9,832
down €9,832 (-32.8%), from €29,995 to €20,162
- Profit (loss) carried forward +€4,961
up €4,961 (+8.3%), from -€59,840 to -€54,879
- Tax, wage and social debts +€2,345
up €2,345 (+81.1%), from €2,891 to €5,235
- Gross operating margin -€7,052
down €7,052 (-21.3%), from €33,169 to €26,117
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 | €112,616 | €78,257 | -€34,359 | -30.5% |
| Fixed assets | 21/28 | €48,173 | €32,174 | -€15,999 | -33.2% |
| Tangible fixed assets | 22/27 | €48,173 | €32,174 | -€15,999 | -33.2% |
| Land and buildings | 22 | €15,135 | €9,659 | -€5,476 | -36.2% |
| Plant, machinery and equipment | 23 | €19,950 | €15,202 | -€4,748 | -23.8% |
| Furniture and vehicles | 24 | €13,088 | €7,314 | -€5,775 | -44.1% |
| Current assets | 29/58 | €64,443 | €46,083 | -€18,360 | -28.5% |
| Stocks and contracts in progress | 3 | €6,268 | €6,322 | +€54 | +0.9% |
| Stocks | 30/36 | €6,268 | €6,322 | +€54 | +0.9% |
| Amounts receivable within one year | 40/41 | €27,866 | €22,908 | -€4,959 | -17.8% |
| Trade receivables | 40 | €22,154 | €20,510 | -€1,645 | -7.4% |
| Other amounts receivable | 41 | €5,712 | €2,398 | -€3,314 | -58.0% |
| Cash at bank and in hand | 54/58 | €29,246 | €16,109 | -€13,137 | -44.9% |
| Deferred charges and accrued income | 490/1 | €1,063 | €744 | -€319 | -30.0% |
| Total equity and liabilities | 10/49 | €112,616 | €78,257 | -€34,359 | -30.5% |
| Equity | 10/15 | €3,597 | €7,682 | +€4,085 | +114% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,511 | €42,511 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €17,501 | €17,501 | = | 0.0% |
| Distributable reserves | 133 | €25,010 | €25,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,840 | -€54,879 | +€4,961 | +8.3% |
| Investment grants | 15 | €2,326 | €1,450 | -€876 | -37.7% |
| Amounts payable | 17/49 | €109,019 | €70,575 | -€38,444 | -35.3% |
| Amounts payable after more than one year | 17 | €29,995 | €20,162 | -€9,832 | -32.8% |
| Financial debts | 170/4 | €29,995 | €20,162 | -€9,832 | -32.8% |
| Amounts payable within one year | 42/48 | €79,024 | €50,413 | -€28,612 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €9,507 | €9,832 | +€325 | +3.4% |
| Trade debts | 44 | €27,615 | €7,054 | -€20,560 | -74.5% |
| Suppliers | 440/4 | €27,615 | €7,054 | -€20,560 | -74.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,891 | €5,235 | +€2,345 | +81.1% |
| Taxes | 450/3 | €2,891 | €5,235 | +€2,345 | +81.1% |
| Other amounts payable | 47/48 | €39,012 | €28,291 | -€10,721 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,779 | €15,999 | +€219 | +1.4% |
| Other operating charges | 640/8 | €1,991 | €1,877 | -€115 | -5.8% |
| Gross operating margin | 9900 | €33,169 | €26,117 | -€7,052 | -21.3% |
| Operating profit (loss) | 9901 | €15,399 | €8,242 | -€7,157 | -46.5% |
| Financial income | 75/76B | €1,037 | €967 | -€70 | -6.8% |
| Recurring financial income | 75 | €1,037 | €967 | -€70 | -6.8% |
| Financial charges | 65/66B | €4,001 | €4,218 | +€216 | +5.4% |
| Recurring financial charges | 65 | €4,001 | €4,218 | +€216 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €12,434 | €4,991 | -€7,444 | -59.9% |
| Income taxes | 67/77 | €8 | €30 | +€21 | +249% |
| Profit (loss) for the period | 9904 | €12,426 | €4,961 | -€7,465 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,426 | €4,961 | -€7,465 | -60.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.