DU BEAUSART: 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.
DU BEAUSART
Largest movements
- Deferred charges and accrued income -€109,735
no longer reported in 2025 (was €109,735)
- Tangible fixed assets -€84,652
down €84,652 (-9.0%), from €935,944 to €851,293
of which Plant, machinery and equipment: -€70,584
- Receivables within one year -€48,281
down €48,281 (-28.8%), from €167,812 to €119,531
of which Trade receivables: -€44,998
- Profit (loss) carried forward -€120,876
down €120,876, from €70,709 to -€50,167
- Short-term financial debts -€59,713
down €59,713 (-30.0%), from €198,969 to €139,256
- Trade debts -€30,779
down €30,779 (-30.3%), from €101,578 to €70,799
- Reserves -€23,010
down €23,010 (-71.0%), from €32,425 to €9,415
of which Tax-exempt reserves: -€23,010
- Debts after one year +€22,149
up €22,149 (+4.8%), from €461,305 to €483,455
- Gross operating margin -€153,335
down €153,335 (-37.4%), from €409,878 to €256,543
- Depreciation +€57,107
up €57,107 (+23.0%), from €247,921 to €305,028
- Financial income -€21,735
down €21,735 (-92.0%), from €23,629 to €1,894
of which Financial income: -€21,179
- Staff costs +€18,011
up €18,011 (+44.1%), from €40,853 to €58,864
- Financial charges -€13,303
down €13,303 (-31.2%), from €42,638 to €29,335
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 | €1,250,341 | €1,023,833 | -€226,509 | -18.1% |
| Fixed assets | 21/28 | €935,994 | €851,343 | -€84,652 | -9.0% |
| Tangible fixed assets | 22/27 | €935,944 | €851,293 | -€84,652 | -9.0% |
| Land and buildings | 22 | €364,164 | €351,667 | -€12,497 | -3.4% |
| Plant, machinery and equipment | 23 | €568,954 | €498,370 | -€70,584 | -12.4% |
| Furniture and vehicles | 24 | €2,826 | €1,256 | -€1,570 | -55.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €314,347 | €172,490 | -€141,857 | -45.1% |
| Stocks and contracts in progress | 3 | €22,614 | €27,595 | +€4,981 | +22.0% |
| Stocks | 30/36 | €22,614 | €27,595 | +€4,981 | +22.0% |
| Amounts receivable within one year | 40/41 | €167,812 | €119,531 | -€48,281 | -28.8% |
| Trade receivables | 40 | €164,411 | €119,413 | -€44,998 | -27.4% |
| Other amounts receivable | 41 | €3,401 | €118 | -€3,283 | -96.5% |
| Cash at bank and in hand | 54/58 | €14,186 | €25,364 | +€11,178 | +78.8% |
| Deferred charges and accrued income | 490/1 | €109,735 | - | -€109,735 | |
| Total equity and liabilities | 10/49 | €1,250,341 | €1,023,833 | -€226,509 | -18.1% |
| Equity | 10/15 | €327,448 | €181,836 | -€145,612 | -44.5% |
| Contributions | 10/11 | €38,592 | €38,592 | = | 0.0% |
| Revaluation surpluses | 12 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €32,425 | €9,415 | -€23,010 | -71.0% |
| Tax-exempt reserves | 132 | €28,566 | €5,556 | -€23,010 | -80.6% |
| Distributable reserves | 133 | €3,859 | €3,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,709 | -€50,167 | -€120,876 | |
| Investment grants | 15 | €25,721 | €23,996 | -€1,726 | -6.7% |
| Amounts payable | 17/49 | €922,894 | €841,997 | -€80,897 | -8.8% |
| Amounts payable after more than one year | 17 | €461,305 | €483,455 | +€22,149 | +4.8% |
| Financial debts | 170/4 | €461,305 | €483,455 | +€22,149 | +4.8% |
| Amounts payable within one year | 42/48 | €444,348 | €356,815 | -€87,533 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €119,376 | €125,351 | +€5,975 | +5.0% |
| Financial debts | 43 | €198,969 | €139,256 | -€59,713 | -30.0% |
| Credit institutions | 430/8 | €198,969 | €139,256 | -€59,713 | -30.0% |
| Trade debts | 44 | €101,578 | €70,799 | -€30,779 | -30.3% |
| Suppliers | 440/4 | €101,578 | €70,799 | -€30,779 | -30.3% |
| Taxes, remuneration and social security | 45 | €1,884 | €15,475 | +€13,591 | +721% |
| Taxes | 450/3 | €653 | €3,066 | +€2,412 | +369% |
| Remuneration and social security | 454/9 | €1,230 | €12,409 | +€11,179 | +909% |
| Other amounts payable | 47/48 | €22,540 | €5,934 | -€16,607 | -73.7% |
| Accrued charges and deferred income | 492/3 | €17,241 | €1,727 | -€15,514 | -90.0% |
| Remuneration, social security and pensions | 62 | €40,853 | €58,864 | +€18,011 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,921 | €305,028 | +€57,107 | +23.0% |
| Other operating charges | 640/8 | €12,772 | €9,096 | -€3,676 | -28.8% |
| Non-recurring operating charges | 66A | €18,418 | - | -€18,418 | |
| Gross operating margin | 9900 | €409,878 | €256,543 | -€153,335 | -37.4% |
| Operating profit (loss) | 9901 | €89,914 | -€116,445 | -€206,359 | |
| Financial income | 75/76B | €23,629 | €1,894 | -€21,735 | -92.0% |
| Recurring financial income | 75 | €23,073 | €1,894 | -€21,179 | -91.8% |
| Non-recurring financial income | 76B | €556 | - | -€556 | |
| Financial charges | 65/66B | €42,638 | €29,335 | -€13,303 | -31.2% |
| Recurring financial charges | 65 | €42,638 | €29,335 | -€13,303 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €70,905 | -€143,886 | -€214,791 | |
| Profit (loss) for the period | 9904 | €70,905 | -€143,886 | -€214,791 | |
| Transfer from tax-exempt reserves | 789 | €23,010 | €23,010 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,915 | -€120,876 | -€214,791 |
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 20 October 2026 via checked.be.