SOUTH BEACH: 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.
SOUTH BEACH
Largest movements
- Current assets -€383,762
down €383,762 (-50.9%), from €753,342 to €369,580
of which Receivables within one year: -€734,442
- Debts -€389,748
down €389,748 (-99.6%), from €391,248 to €1,500
- Gross operating margin -€4,337
down €4,337 (-12,006%), from -€36 to -€4,373
- Taxes +€1,766
no longer reported in 2013 (was -€1,766)
From the 2012 result to the 2013 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2012 | 2013 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €753,702 | €369,580 | -€384,122 | -51.0% |
| Fixed assets | 21/28 | €360 | - | -€360 | |
| Financial fixed assets | 28 | €360 | - | -€360 | |
| Current assets | 29/58 | €753,342 | €369,580 | -€383,762 | -50.9% |
| Amounts receivable within one year | 40/41 | €753,197 | €18,755 | -€734,442 | -97.5% |
| Cash at bank and in hand | 54/58 | - | €350,000 | +€350,000 | |
| Total equity and liabilities | 10/49 | €753,702 | €369,580 | -€384,122 | -51.0% |
| Equity | 10/15 | €291,142 | €296,768 | +€5,626 | +1.9% |
| Contributions | 10/11 | €18,558 | €18,558 | = | 0.0% |
| Reserves | 13 | €245,346 | €245,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,238 | €32,864 | +€5,626 | +20.7% |
| Provisions and deferred taxes | 16 | €71,312 | €71,312 | = | 0.0% |
| Amounts payable | 17/49 | €391,248 | €1,500 | -€389,748 | -99.6% |
| Amounts payable within one year | 42/48 | €391,248 | - | -€391,248 | |
| Gross operating margin | 9900 | -€36 | -€4,373 | -€4,337 | -12,006% |
| Operating profit (loss) | 9901 | -€1,540 | -€4,860 | -€3,320 | -216% |
| Recurring financial income | 75 | €47,894 | €10,486 | -€37,408 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €46,354 | €5,626 | -€40,728 | -87.9% |
| Income taxes | 67/77 | -€1,766 | - | +€1,766 | |
| Profit (loss) for the period | 9904 | €48,120 | €5,626 | -€42,494 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,120 | €5,626 | -€42,494 | -88.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2012 and 31 December 2013. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.