Anne Bellinck: what changed
Anne Bellinck
Largest movements
- Cash -€9,650
down €9,650 (-20.0%), from €48,302 to €38,651
mainly Other debts (-€12,647) and Contributions, distributions and other (-€10,000)
- Receivables within one year +€1,138
up €1,138 (+3.9%), from €28,969 to €30,106
of which Trade receivables: +€5,895
- Other debts -€12,647
down €12,647 (-55.0%), from €23,001 to €10,354
- Reserves +€5,911
up €5,911 (+13.0%), from €45,395 to €51,306
- Tax, wage and social debts -€806
down €806 (-12.0%), from €6,715 to €5,909
- Gross operating margin -€18,362
down €18,362 (-43.0%), from €42,698 to €24,335
- Taxes -€2,806
down €2,806 (-28.6%), from €9,803 to €6,997
- Depreciation -€2,202
down €2,202 (-79.2%), from €2,782 to €580
- Financial charges -€965
down €965 (-89.1%), from €1,083 to €118
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,193 | €71,184 | -€9,009 | -11.2% |
| Fixed assets | 21/28 | €580 | €0 | -€580 | -100% |
| Tangible fixed assets | 22/27 | €580 | €0 | -€580 | -100% |
| Furniture and vehicles | 24 | €528 | €0 | -€528 | -100% |
| Other tangible fixed assets | 26 | €52 | €0 | -€52 | -100% |
| Current assets | 29/58 | €79,613 | €71,184 | -€8,429 | -10.6% |
| Amounts receivable within one year | 40/41 | €28,969 | €30,106 | +€1,138 | +3.9% |
| Trade receivables | 40 | €23,208 | €29,103 | +€5,895 | +25.4% |
| Other amounts receivable | 41 | €5,760 | €1,003 | -€4,758 | -82.6% |
| Cash at bank and in hand | 54/58 | €48,302 | €38,651 | -€9,650 | -20.0% |
| Deferred charges and accrued income | 490/1 | €2,343 | €2,426 | +€84 | +3.6% |
| Total equity and liabilities | 10/49 | €80,193 | €71,184 | -€9,009 | -11.2% |
| Equity | 10/15 | €47,895 | €53,806 | +€5,911 | +12.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €45,395 | €51,306 | +€5,911 | +13.0% |
| Distributable reserves | 133 | €45,395 | €51,306 | +€5,911 | +13.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,297 | €17,378 | -€14,920 | -46.2% |
| Amounts payable within one year | 42/48 | €31,615 | €17,378 | -€14,237 | -45.0% |
| Trade debts | 44 | €1,900 | €1,115 | -€785 | -41.3% |
| Suppliers | 440/4 | €1,900 | €1,115 | -€785 | -41.3% |
| Taxes, remuneration and social security | 45 | €6,715 | €5,909 | -€806 | -12.0% |
| Taxes | 450/3 | €6,715 | €5,909 | -€806 | -12.0% |
| Other amounts payable | 47/48 | €23,001 | €10,354 | -€12,647 | -55.0% |
| Accrued charges and deferred income | 492/3 | €682 | €0 | -€682 | -100% |
| Non-recurring operating income | 76A | €51 | €0 | -€51 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,782 | €580 | -€2,202 | -79.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,030 | €745 | -€285 | -27.7% |
| Gross operating margin | 9900 | €42,698 | €24,335 | -€18,362 | -43.0% |
| Operating profit (loss) | 9901 | €38,886 | €23,011 | -€15,875 | -40.8% |
| Financial income | 75/76B | €0 | €15 | +€15 | +18,225% |
| Recurring financial income | 75 | €0 | €15 | +€15 | +18,225% |
| Financial charges | 65/66B | €1,083 | €118 | -€965 | -89.1% |
| Recurring financial charges | 65 | €1,083 | €118 | -€965 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | €37,803 | €22,908 | -€14,895 | -39.4% |
| Income taxes | 67/77 | €9,803 | €6,997 | -€2,806 | -28.6% |
| Profit (loss) for the period | 9904 | €28,001 | €15,911 | -€12,090 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,001 | €15,911 | -€12,090 | -43.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.