THE 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.
THE BEACH
Largest movements
- Tangible fixed assets +€12,451
new in 2025: €12,451
- Stocks and contracts -€4,575
down €4,575 (-8.3%), from €54,820 to €50,245
- Receivables within one year +€1,612
up €1,612 (+32.2%), from €5,000 to €6,612
- Other debts +€32,279
up €32,279 (+28.2%), from €114,662 to €146,942
- Profit (loss) carried forward -€19,973
down €19,973 (-33.6%), from -€59,440 to -€79,413
- Trade debts -€3,203
down €3,203 (-82.8%), from €3,868 to €665
- Gross operating margin +€5,717
up €5,717 (+53.9%), from -€10,614 to -€4,897
- Depreciation +€1,023
new in 2025: €1,023
- Staff costs -€342
down €342 (-2.8%), from €12,424 to €12,083
- Financial charges +€261
up €261 (+134%), from €194 to €455
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 | €68,155 | €77,100 | +€8,945 | +13.1% |
| Fixed assets | 21/28 | - | €12,451 | +€12,451 | |
| Tangible fixed assets | 22/27 | - | €12,451 | +€12,451 | |
| Plant, machinery and equipment | 23 | - | €12,451 | +€12,451 | |
| Current assets | 29/58 | €68,155 | €64,650 | -€3,505 | -5.1% |
| Stocks and contracts in progress | 3 | €54,820 | €50,245 | -€4,575 | -8.3% |
| Stocks | 30/36 | €54,820 | €50,245 | -€4,575 | -8.3% |
| Amounts receivable within one year | 40/41 | €5,000 | €6,612 | +€1,612 | +32.2% |
| Other amounts receivable | 41 | €5,000 | €6,612 | +€1,612 | +32.2% |
| Cash at bank and in hand | 54/58 | €5,525 | €4,913 | -€612 | -11.1% |
| Deferred charges and accrued income | 490/1 | €2,810 | €2,879 | +€69 | +2.5% |
| Total equity and liabilities | 10/49 | €68,155 | €77,100 | +€8,945 | +13.1% |
| Equity | 10/15 | -€51,034 | -€71,007 | -€19,973 | -39.1% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €2,156 | €2,156 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €296 | €296 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,440 | -€79,413 | -€19,973 | -33.6% |
| Amounts payable | 17/49 | €119,189 | €148,107 | +€28,918 | +24.3% |
| Amounts payable within one year | 42/48 | €119,189 | €148,107 | +€28,918 | +24.3% |
| Trade debts | 44 | €3,868 | €665 | -€3,203 | -82.8% |
| Suppliers | 440/4 | €3,868 | €665 | -€3,203 | -82.8% |
| Taxes, remuneration and social security | 45 | €659 | €500 | -€159 | -24.1% |
| Taxes | 450/3 | €659 | €500 | -€159 | -24.1% |
| Other amounts payable | 47/48 | €114,662 | €146,942 | +€32,279 | +28.2% |
| Remuneration, social security and pensions | 62 | €12,424 | €12,083 | -€342 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,023 | +€1,023 | |
| Other operating charges | 640/8 | €1,671 | €1,632 | -€39 | -2.3% |
| Gross operating margin | 9900 | -€10,614 | -€4,897 | +€5,717 | +53.9% |
| Operating profit (loss) | 9901 | -€24,709 | -€19,634 | +€5,075 | +20.5% |
| Financial income | 75/76B | €79 | €116 | +€37 | +46.4% |
| Recurring financial income | 75 | €79 | €116 | +€37 | +46.4% |
| Financial charges | 65/66B | €194 | €455 | +€261 | +134% |
| Recurring financial charges | 65 | €194 | €455 | +€261 | +134% |
| Profit (loss) for the period before taxes | 9903 | -€24,824 | -€19,973 | +€4,851 | +19.5% |
| Profit (loss) for the period | 9904 | -€24,824 | -€19,973 | +€4,851 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,824 | -€19,973 | +€4,851 | +19.5% |
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 15 October 2026 via checked.be.