MD BEAUFAYS: 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.
MD BEAUFAYS
Largest movements
- Receivables within one year +€66,368
up €66,368 (+3,045%), from €2,180 to €68,547
of which Other amounts receivable: +€65,869
- Current investments -€30,689
down €30,689 (-24.5%), from €125,188 to €94,499
- Cash +€2,814
up €2,814 (+9.2%), from €30,753 to €33,567
mainly Other debts (+€83,700) and Net result for the year (+€35,753)
- Other debts +€83,700
new in 2025: €83,700
- Reserves -€47,950
down €47,950 (-31.2%), from €153,560 to €105,610
- Debts after one year -€11,412
down €11,412 (-79.8%), from €14,301 to €2,889
- Tax, wage and social debts +€9,798
up €9,798 (+100%), from €9,793 to €19,592
of which Taxes: +€9,694
- Trade debts +€3,048
up €3,048 (+73.7%), from €4,136 to €7,184
- Financial income +€11,555
up €11,555 (+1,899%), from €608 to €12,163
of which Non-recurring financial income: +€9,535
- Gross operating margin +€6,844
up €6,844 (+8.6%), from €79,593 to €86,437
- Taxes +€3,347
up €3,347 (+27.5%), from €12,175 to €15,521
- Financial charges +€1,598
up €1,598 (+126%), from €1,267 to €2,865
of which Non-recurring financial charges: +€1,928
- Staff costs +€1,322
up €1,322 (+3.9%), from €33,700 to €35,022
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 | €212,658 | €249,977 | +€37,318 | +17.5% |
| Fixed assets | 21/28 | €15,777 | €16,754 | +€977 | +6.2% |
| Tangible fixed assets | 22/27 | €15,777 | €16,754 | +€977 | +6.2% |
| Other tangible fixed assets | 26 | €15,777 | €16,754 | +€977 | +6.2% |
| Current assets | 29/58 | €196,882 | €233,223 | +€36,341 | +18.5% |
| Stocks and contracts in progress | 3 | €38,761 | €36,528 | -€2,233 | -5.8% |
| Stocks | 30/36 | €38,761 | €36,528 | -€2,233 | -5.8% |
| Amounts receivable within one year | 40/41 | €2,180 | €68,547 | +€66,368 | +3,045% |
| Trade receivables | 40 | €1,818 | €2,316 | +€499 | +27.4% |
| Other amounts receivable | 41 | €362 | €66,231 | +€65,869 | +18,189% |
| Current investments | 50/53 | €125,188 | €94,499 | -€30,689 | -24.5% |
| Cash at bank and in hand | 54/58 | €30,753 | €33,567 | +€2,814 | +9.2% |
| Deferred charges and accrued income | 490/1 | - | €82 | +€82 | |
| Total equity and liabilities | 10/49 | €212,658 | €249,977 | +€37,318 | +17.5% |
| Equity | 10/15 | €172,972 | €125,025 | -€47,947 | -27.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,560 | €105,610 | -€47,950 | -31.2% |
| Distributable reserves | 133 | €153,560 | €105,610 | -€47,950 | -31.2% |
| Profit (loss) carried forward | 14 | €812 | €815 | +€3 | +0.3% |
| Amounts payable | 17/49 | €39,686 | €124,952 | +€85,266 | +215% |
| Amounts payable after more than one year | 17 | €14,301 | €2,889 | -€11,412 | -79.8% |
| Financial debts | 170/4 | €14,301 | €2,889 | -€11,412 | -79.8% |
| Amounts payable within one year | 42/48 | €25,116 | €121,888 | +€96,772 | +385% |
| Current portion of amounts payable after more than one year | 42 | €11,186 | €11,412 | +€226 | +2.0% |
| Trade debts | 44 | €4,136 | €7,184 | +€3,048 | +73.7% |
| Suppliers | 440/4 | €4,136 | €7,184 | +€3,048 | +73.7% |
| Taxes, remuneration and social security | 45 | €9,793 | €19,592 | +€9,798 | +100% |
| Taxes | 450/3 | €4,887 | €14,581 | +€9,694 | +198% |
| Remuneration and social security | 454/9 | €4,907 | €5,011 | +€105 | +2.1% |
| Other amounts payable | 47/48 | - | €83,700 | +€83,700 | |
| Accrued charges and deferred income | 492/3 | €270 | €175 | -€95 | -35.2% |
| Remuneration, social security and pensions | 62 | €33,700 | €35,022 | +€1,322 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,555 | €7,664 | +€109 | +1.4% |
| Other operating charges | 640/8 | €527 | €1,776 | +€1,249 | +237% |
| Gross operating margin | 9900 | €79,593 | €86,437 | +€6,844 | +8.6% |
| Operating profit (loss) | 9901 | €37,811 | €41,975 | +€4,164 | +11.0% |
| Financial income | 75/76B | €608 | €12,163 | +€11,555 | +1,899% |
| Recurring financial income | 75 | €608 | €2,628 | +€2,020 | +332% |
| Non-recurring financial income | 76B | - | €9,535 | +€9,535 | |
| Financial charges | 65/66B | €1,267 | €2,865 | +€1,598 | +126% |
| Recurring financial charges | 65 | €1,267 | €936 | -€331 | -26.1% |
| Non-recurring financial charges | 66B | - | €1,928 | +€1,928 | |
| Profit (loss) for the period before taxes | 9903 | €37,153 | €51,274 | +€14,121 | +38.0% |
| Income taxes | 67/77 | €12,175 | €15,521 | +€3,347 | +27.5% |
| Profit (loss) for the period | 9904 | €24,978 | €35,753 | +€10,775 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,978 | €35,753 | +€10,775 | +43.1% |
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 23 October 2026 via checked.be.