S Beck: what changed
Two fiscal 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.
S Beck
Largest movements
- Deferred charges and accrued income +€36,735
up €36,735 (+75.6%), from €48,614 to €85,348
- Cash -€34,817
down €34,817 (-31.4%), from €110,871 to €76,055
mainly Deferred charges and accrued income (-€36,735) and Contributions, distributions and other (-€35,970)
- Tangible fixed assets +€18,397
up €18,397 (+65.1%), from €28,269 to €46,667
of which Furniture and vehicles: +€14,435
- Intangible fixed assets -€17,519
down €17,519 (-87.6%), from €20,000 to €2,481
- Receivables within one year +€7,708
up €7,708 (+965.4%), from €798 to €8,506
of which Trade receivables: +€7,870
- Other debts +€10,724
up €10,724 (+6.1%), from €176,625 to €187,349
- Accrued charges and deferred income -€3,009
down €3,009 (-100.0%), from €3,009 to €0
- Trade debts +€2,369
up €2,369 (+54.1%), from €4,382 to €6,751
- Gross operating margin +€15,049
up €15,049 (+23.8%), from €63,107 to €78,156
- Other operating charges +€3,122
up €3,122 (+240.8%), from €1,296 to €4,418
- Taxes +€2,647
up €2,647 (+33.8%), from €7,838 to €10,485
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.
Cash bridge derived
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 | €208,553 | €219,057 | +€10,504 | +5.0% |
| Fixed assets | 21/28 | €48,269 | €49,147 | +€878 | +1.8% |
| Intangible fixed assets | 21 | €20,000 | €2,481 | -€17,519 | -87.6% |
| Tangible fixed assets | 22/27 | €28,269 | €46,667 | +€18,397 | +65.1% |
| Furniture and vehicles | 24 | €3,067 | €17,502 | +€14,435 | +470.6% |
| Other tangible fixed assets | 26 | €25,202 | €29,165 | +€3,963 | +15.7% |
| Current assets | 29/58 | €160,283 | €169,910 | +€9,626 | +6.0% |
| Amounts receivable within one year | 40/41 | €798 | €8,506 | +€7,708 | +965.4% |
| Trade receivables | 40 | €636 | €8,506 | +€7,870 | +1236.7% |
| Other amounts receivable | 41 | €162 | €0 | -€162 | -100.0% |
| Cash at bank and in hand | 54/58 | €110,871 | €76,055 | -€34,817 | -31.4% |
| Deferred charges and accrued income | 490/1 | €48,614 | €85,348 | +€36,735 | +75.6% |
| Total equity and liabilities | 10/49 | €208,553 | €219,057 | +€10,504 | +5.0% |
| Equity | 10/15 | €20,666 | €20,674 | +€8 | 0.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206 | €214 | +€8 | +4.0% |
| Amounts payable | 17/49 | €187,887 | €198,383 | +€10,496 | +5.6% |
| Amounts payable within one year | 42/48 | €184,878 | €198,383 | +€13,505 | +7.3% |
| Trade debts | 44 | €4,382 | €6,751 | +€2,369 | +54.1% |
| Suppliers | 440/4 | €4,382 | €6,751 | +€2,369 | +54.1% |
| Taxes, remuneration and social security | 45 | €3,871 | €4,282 | +€411 | +10.6% |
| Taxes | 450/3 | - | €386 | +€386 | |
| Remuneration and social security | 454/9 | €3,871 | €3,896 | +€25 | +0.6% |
| Other amounts payable | 47/48 | €176,625 | €187,349 | +€10,724 | +6.1% |
| Accrued charges and deferred income | 492/3 | €3,009 | €0 | -€3,009 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €40 | +€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,499 | €27,180 | +€681 | +2.6% |
| Other operating charges | 640/8 | €1,296 | €4,418 | +€3,122 | +240.8% |
| Gross operating margin | 9900 | €63,107 | €78,156 | +€15,049 | +23.8% |
| Operating profit (loss) | 9901 | €35,312 | €46,518 | +€11,207 | +31.7% |
| Financial income | 75/76B | €132 | €350 | +€218 | +165.4% |
| Recurring financial income | 75 | €132 | €350 | +€218 | +165.4% |
| Financial charges | 65/66B | €380 | €405 | +€25 | +6.5% |
| Recurring financial charges | 65 | €380 | €405 | +€25 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €35,064 | €46,463 | +€11,400 | +32.5% |
| Income taxes | 67/77 | €7,838 | €10,485 | +€2,647 | +33.8% |
| Profit (loss) for the period | 9904 | €27,226 | €35,978 | +€8,753 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,226 | €35,978 | +€8,753 | +32.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.