The Beau: 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 Beau
Largest movements
- Receivables within one year -€612,057
down €612,057 (-27.5%), from €2.2m to €1.6m
of which Other amounts receivable: -€616,681
- Tangible fixed assets +€506,461
up €506,461 (+79.6%), from €635,904 to €1.1m
of which Land and buildings: +€519,676
- Cash +€96,921
up €96,921 (+235%), from €41,303 to €138,223
mainly Receivables within one year (+€612,057) and Depreciation (+€99,702)
- Reserves +€67,779
up €67,779 (+76.3%), from €88,821 to €156,600
- Accrued charges and deferred income -€41,982
down €41,982 (-77.1%), from €54,464 to €12,482
- Gross operating margin +€113,817
up €113,817, from -€56,170 to €57,647
- Financial income -€105,248
down €105,248 (-41.0%), from €256,559 to €151,312
of which Non-recurring financial income: -€59,972
- Depreciation +€18,702
up €18,702 (+23.1%), from €81,000 to €99,702
- Taxes +€13,230
up €13,230 (+127%), from €10,388 to €23,618
- Other operating charges +€5,550
up €5,550 (+54.8%), from €10,130 to €15,681
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 | €3,019,670 | €2,999,984 | -€19,687 | -0.7% |
| Fixed assets | 21/28 | €695,009 | €1,200,835 | +€505,826 | +72.8% |
| Intangible fixed assets | 21 | €1,438 | €803 | -€635 | -44.2% |
| Tangible fixed assets | 22/27 | €635,904 | €1,142,365 | +€506,461 | +79.6% |
| Land and buildings | 22 | €455,578 | €975,254 | +€519,676 | +114% |
| Plant, machinery and equipment | 23 | €67,944 | €53,204 | -€14,740 | -21.7% |
| Furniture and vehicles | 24 | €112,382 | €113,907 | +€1,525 | +1.4% |
| Financial fixed assets | 28 | €57,667 | €57,667 | = | 0.0% |
| Current assets | 29/58 | €2,324,661 | €1,799,149 | -€525,512 | -22.6% |
| Amounts receivable after more than one year | 29 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Other amounts receivable | 291 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Stocks and contracts in progress | 3 | €31,863 | €34,937 | +€3,074 | +9.6% |
| Stocks | 30/36 | €31,863 | €34,937 | +€3,074 | +9.6% |
| Amounts receivable within one year | 40/41 | €2,222,833 | €1,610,776 | -€612,057 | -27.5% |
| Trade receivables | 40 | €25,457 | €30,081 | +€4,624 | +18.2% |
| Other amounts receivable | 41 | €2,197,377 | €1,580,695 | -€616,681 | -28.1% |
| Cash at bank and in hand | 54/58 | €41,303 | €138,223 | +€96,921 | +235% |
| Deferred charges and accrued income | 490/1 | €10,662 | €3,212 | -€7,450 | -69.9% |
| Total equity and liabilities | 10/49 | €3,019,670 | €2,999,984 | -€19,687 | -0.7% |
| Equity | 10/15 | €107,421 | €175,200 | +€67,779 | +63.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €88,821 | €156,600 | +€67,779 | +76.3% |
| Distributable reserves | 133 | €88,821 | €156,600 | +€67,779 | +76.3% |
| Amounts payable | 17/49 | €2,912,250 | €2,824,784 | -€87,466 | -3.0% |
| Amounts payable after more than one year | 17 | €2,715,344 | €2,708,980 | -€6,364 | -0.2% |
| Other amounts payable | 178/9 | €2,715,344 | €2,708,980 | -€6,364 | -0.2% |
| Amounts payable within one year | 42/48 | €142,443 | €103,322 | -€39,121 | -27.5% |
| Trade debts | 44 | €128,723 | €103,322 | -€25,402 | -19.7% |
| Suppliers | 440/4 | €128,723 | €103,322 | -€25,402 | -19.7% |
| Taxes, remuneration and social security | 45 | €13,719 | - | -€13,719 | |
| Taxes | 450/3 | €10,388 | - | -€10,388 | |
| Remuneration and social security | 454/9 | €3,331 | - | -€3,331 | |
| Accrued charges and deferred income | 492/3 | €54,464 | €12,482 | -€41,982 | -77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,000 | €99,702 | +€18,702 | +23.1% |
| Other operating charges | 640/8 | €10,130 | €15,681 | +€5,550 | +54.8% |
| Gross operating margin | 9900 | -€56,170 | €57,647 | +€113,817 | |
| Operating profit (loss) | 9901 | -€147,300 | -€57,736 | +€89,564 | +60.8% |
| Financial income | 75/76B | €256,559 | €151,312 | -€105,248 | -41.0% |
| Recurring financial income | 75 | €196,587 | €151,312 | -€45,275 | -23.0% |
| Non-recurring financial income | 76B | €59,972 | - | -€59,972 | |
| Financial charges | 65/66B | €1,533 | €2,178 | +€645 | +42.1% |
| Recurring financial charges | 65 | €1,533 | €2,178 | +€645 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €107,726 | €91,397 | -€16,329 | -15.2% |
| Income taxes | 67/77 | €10,388 | €23,618 | +€13,230 | +127% |
| Profit (loss) for the period | 9904 | €97,338 | €67,779 | -€29,559 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €97,338 | €67,779 | -€29,559 | -30.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.