TEN BEAUFORT: 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.
TEN BEAUFORT
Largest movements
- Receivables within one year -€22,492
down €22,492 (-7.0%), from €319,886 to €297,394
of which Other amounts receivable: -€24,760
- Tangible fixed assets -€12,368
down €12,368 (-25.9%), from €47,796 to €35,428
of which Furniture and vehicles: -€12,301
- Debts after one year -€115,402
no longer reported in 2025 (was €115,402)
- Other debts +€112,892
up €112,892 (+116%), from €97,699 to €210,591
- Current portion of long-term debt -€54,928
no longer reported in 2025 (was €54,928)
- Profit (loss) carried forward +€18,181
up €18,181 (+17.8%), from -€102,007 to -€83,826
- Trade debts +€5,018
up €5,018 (+9.1%), from €55,299 to €60,317
- Write-downs -€15,757
no longer reported in 2025 (was €15,757)
- Gross operating margin -€10,767
down €10,767 (-27.3%), from €39,414 to €28,647
- Financial income -€544
down €544 (-4.1%), from €13,407 to €12,863
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 | €463,746 | €429,440 | -€34,306 | -7.4% |
| Fixed assets | 21/28 | €47,796 | €35,428 | -€12,368 | -25.9% |
| Tangible fixed assets | 22/27 | €47,796 | €35,428 | -€12,368 | -25.9% |
| Plant, machinery and equipment | 23 | €5,514 | €5,447 | -€67 | -1.2% |
| Furniture and vehicles | 24 | €42,282 | €29,981 | -€12,301 | -29.1% |
| Current assets | 29/58 | €415,950 | €394,012 | -€21,938 | -5.3% |
| Amounts receivable within one year | 40/41 | €319,886 | €297,394 | -€22,492 | -7.0% |
| Trade receivables | 40 | €26,329 | €28,597 | +€2,268 | +8.6% |
| Other amounts receivable | 41 | €293,557 | €268,797 | -€24,760 | -8.4% |
| Current investments | 50/53 | €95,000 | €95,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €668 | €1,222 | +€554 | +82.9% |
| Deferred charges and accrued income | 490/1 | €396 | €396 | = | 0.0% |
| Total equity and liabilities | 10/49 | €463,746 | €429,440 | -€34,306 | -7.4% |
| Equity | 10/15 | €139,981 | €158,162 | +€18,181 | +13.0% |
| Contributions | 10/11 | €205,000 | €205,000 | = | 0.0% |
| Reserves | 13 | €36,988 | €36,988 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,650 | €2,650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,650 | €2,650 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,663 | €7,663 | = | 0.0% |
| Distributable reserves | 133 | €26,674 | €26,674 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,007 | -€83,826 | +€18,181 | +17.8% |
| Amounts payable | 17/49 | €323,765 | €271,278 | -€52,487 | -16.2% |
| Amounts payable after more than one year | 17 | €115,402 | - | -€115,402 | |
| Financial debts | 170/4 | €115,402 | - | -€115,402 | |
| Amounts payable within one year | 42/48 | €208,363 | €271,278 | +€62,915 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €54,928 | - | -€54,928 | |
| Trade debts | 44 | €55,299 | €60,317 | +€5,018 | +9.1% |
| Suppliers | 440/4 | €55,299 | €60,317 | +€5,018 | +9.1% |
| Taxes, remuneration and social security | 45 | €437 | €370 | -€67 | -15.2% |
| Taxes | 450/3 | €437 | €370 | -€67 | -15.2% |
| Other amounts payable | 47/48 | €97,699 | €210,591 | +€112,892 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,159 | €15,531 | +€372 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,757 | - | -€15,757 | |
| Other operating charges | 640/8 | €767 | €906 | +€139 | +18.1% |
| Gross operating margin | 9900 | €39,414 | €28,647 | -€10,767 | -27.3% |
| Operating profit (loss) | 9901 | €7,731 | €12,210 | +€4,479 | +57.9% |
| Financial income | 75/76B | €13,407 | €12,863 | -€544 | -4.1% |
| Recurring financial income | 75 | €13,407 | €12,863 | -€544 | -4.1% |
| Financial charges | 65/66B | €6,797 | €6,714 | -€83 | -1.2% |
| Recurring financial charges | 65 | €6,797 | €6,714 | -€83 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €14,341 | €18,359 | +€4,018 | +28.0% |
| Income taxes | 67/77 | €194 | €178 | -€16 | -8.3% |
| Profit (loss) for the period | 9904 | €14,147 | €18,181 | +€4,034 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,147 | €18,181 | +€4,034 | +28.5% |
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 31 October 2026 via checked.be.