MF 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.
MF BEAUFAYS
Largest movements
- Cash -€203,132
down €203,132 (-35.7%), from €568,305 to €365,174
mainly Contributions, distributions and other (-€453,444) and Other debts (-€188,413)
- Tangible fixed assets -€102,983
down €102,983 (-20.5%), from €501,873 to €398,890
of which Other tangible fixed assets: -€53,451
- Current investments -€27,352
down €27,352 (-6.8%), from €400,000 to €372,648
- Deferred charges and accrued income +€20,845
up €20,845 (+85.2%), from €24,470 to €45,316
- Other debts -€188,413
down €188,413 (-38.1%), from €494,528 to €306,115
- Debts after one year -€121,431
no longer reported in 2025 (was €121,431)
- Trade debts +€40,406
up €40,406 (+5.2%), from €769,746 to €810,152
- Current portion of long-term debt -€23,426
down €23,426 (-16.2%), from €144,858 to €121,431
- Reserves -€19,077
down €19,077 (-33.3%), from €57,230 to €38,153
- Staff costs +€19,227
up €19,227 (+3.4%), from €559,172 to €578,399
- Taxes -€18,244
down €18,244 (-11.2%), from €163,350 to €145,106
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 | €1,886,553 | €1,583,548 | -€303,004 | -16.1% |
| Fixed assets | 21/28 | €502,053 | €399,070 | -€102,983 | -20.5% |
| Tangible fixed assets | 22/27 | €501,873 | €398,890 | -€102,983 | -20.5% |
| Plant, machinery and equipment | 23 | €265,554 | €250,877 | -€14,676 | -5.5% |
| Furniture and vehicles | 24 | €80,676 | €45,820 | -€34,856 | -43.2% |
| Other tangible fixed assets | 26 | €155,643 | €102,192 | -€53,451 | -34.3% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €1,384,500 | €1,184,479 | -€200,022 | -14.4% |
| Stocks and contracts in progress | 3 | €366,567 | €361,656 | -€4,911 | -1.3% |
| Stocks | 30/36 | €366,567 | €361,656 | -€4,911 | -1.3% |
| Amounts receivable within one year | 40/41 | €25,158 | €39,685 | +€14,527 | +57.7% |
| Trade receivables | 40 | €22,506 | €27,982 | +€5,476 | +24.3% |
| Other amounts receivable | 41 | €2,652 | €11,703 | +€9,051 | +341% |
| Current investments | 50/53 | €400,000 | €372,648 | -€27,352 | -6.8% |
| Cash at bank and in hand | 54/58 | €568,305 | €365,174 | -€203,132 | -35.7% |
| Deferred charges and accrued income | 490/1 | €24,470 | €45,316 | +€20,845 | +85.2% |
| Total equity and liabilities | 10/49 | €1,886,553 | €1,583,548 | -€303,004 | -16.1% |
| Equity | 10/15 | €167,230 | €148,153 | -€19,077 | -11.4% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €57,230 | €38,153 | -€19,077 | -33.3% |
| Tax-exempt reserves | 132 | €57,230 | €38,153 | -€19,077 | -33.3% |
| Provisions and deferred taxes | 16 | €19,077 | €12,718 | -€6,359 | -33.3% |
| Deferred taxes | 168 | €19,077 | €12,718 | -€6,359 | -33.3% |
| Amounts payable | 17/49 | €1,700,246 | €1,422,677 | -€277,569 | -16.3% |
| Amounts payable after more than one year | 17 | €121,431 | - | -€121,431 | |
| Financial debts | 170/4 | €121,431 | - | -€121,431 | |
| Amounts payable within one year | 42/48 | €1,499,263 | €1,339,283 | -€159,980 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €144,858 | €121,431 | -€23,426 | -16.2% |
| Trade debts | 44 | €769,746 | €810,152 | +€40,406 | +5.2% |
| Suppliers | 440/4 | €769,746 | €810,152 | +€40,406 | +5.2% |
| Taxes, remuneration and social security | 45 | €90,131 | €101,584 | +€11,453 | +12.7% |
| Taxes | 450/3 | €34,894 | €30,232 | -€4,662 | -13.4% |
| Remuneration and social security | 454/9 | €55,237 | €71,352 | +€16,115 | +29.2% |
| Other amounts payable | 47/48 | €494,528 | €306,115 | -€188,413 | -38.1% |
| Accrued charges and deferred income | 492/3 | €79,552 | €83,395 | +€3,842 | +4.8% |
| Remuneration, social security and pensions | 62 | €559,172 | €578,399 | +€19,227 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,947 | €186,533 | +€9,586 | +5.4% |
| Other operating charges | 640/8 | €21,786 | €22,450 | +€665 | +3.1% |
| Gross operating margin | 9900 | €1,368,884 | €1,356,570 | -€12,315 | -0.9% |
| Operating profit (loss) | 9901 | €610,979 | €569,187 | -€41,792 | -6.8% |
| Financial income | 75/76B | €15,802 | €6,737 | -€9,064 | -57.4% |
| Recurring financial income | 75 | €9,481 | €6,737 | -€2,744 | -28.9% |
| Non-recurring financial income | 76B | €6,320 | - | -€6,320 | |
| Financial charges | 65/66B | €3,107 | €2,810 | -€297 | -9.6% |
| Recurring financial charges | 65 | €3,107 | €2,810 | -€297 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €623,674 | €573,115 | -€50,559 | -8.1% |
| Transfer from deferred taxes | 780 | €6,359 | €6,359 | = | 0.0% |
| Income taxes | 67/77 | €163,350 | €145,106 | -€18,244 | -11.2% |
| Profit (loss) for the period | 9904 | €466,683 | €434,368 | -€32,315 | -6.9% |
| Transfer from tax-exempt reserves | 789 | €19,077 | €19,077 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €485,760 | €453,444 | -€32,315 | -6.7% |
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 14 October 2026 via checked.be.