B'ELA: 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.
B'ELA
Largest movements
- Cash +€20,571
up €20,571 (+100.2%), from €20,538 to €41,108
mainly Net result for the year (+€22,485) and Short-term financial debts (+€11,898)
- Tangible fixed assets +€11,508
up €11,508 (+1346.6%), from €855 to €12,363
- Receivables within one year +€9,397
up €9,397 (+100.1%), from €9,385 to €18,781
of which Other amounts receivable: +€6,034
- Deferred charges and accrued income +€1,134
up €1,134 (+62.5%), from €1,816 to €2,950
- Profit (loss) carried forward +€22,485
up €22,485 (+108.1%), from €20,807 to €43,292
- Short-term financial debts +€11,898
new in 2025: €11,898
- Trade debts +€10,156
up €10,156 (+171.4%), from €5,925 to €16,081
- Other debts -€1,730
down €1,730 (-38.4%), from €4,500 to €2,770
- Gross operating margin +€3,107
up €3,107 (+14.6%), from €21,252 to €24,360
- Financial charges +€966
up €966 (+566.1%), from €171 to €1,137
- Depreciation +€272
up €272 (+187.4%), from €145 to €418
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.
Cash bridge derived
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 | €40,882 | €83,692 | +€42,810 | +104.7% |
| Fixed assets | 21/28 | €6,355 | €18,063 | +€11,708 | +184.2% |
| Tangible fixed assets | 22/27 | €855 | €12,363 | +€11,508 | +1346.6% |
| Furniture and vehicles | 24 | €855 | €12,363 | +€11,508 | +1346.6% |
| Financial fixed assets | 28 | €5,500 | €5,700 | +€200 | +3.6% |
| Current assets | 29/58 | €34,527 | €65,629 | +€31,101 | +90.1% |
| Stocks and contracts in progress | 3 | €2,789 | €2,789 | = | 0.0% |
| Stocks | 30/36 | €2,789 | €2,789 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,385 | €18,781 | +€9,397 | +100.1% |
| Trade receivables | 40 | €7,117 | €10,480 | +€3,363 | +47.2% |
| Other amounts receivable | 41 | €2,268 | €8,302 | +€6,034 | +266.1% |
| Cash at bank and in hand | 54/58 | €20,538 | €41,108 | +€20,571 | +100.2% |
| Deferred charges and accrued income | 490/1 | €1,816 | €2,950 | +€1,134 | +62.5% |
| Total equity and liabilities | 10/49 | €40,882 | €83,692 | +€42,810 | +104.7% |
| Equity | 10/15 | €30,457 | €52,942 | +€22,485 | +73.8% |
| Contributions | 10/11 | €9,650 | €9,650 | = | 0.0% |
| Capital | 10 | €9,650 | €9,650 | = | 0.0% |
| Issued capital | 100 | €9,650 | €9,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,807 | €43,292 | +€22,485 | +108.1% |
| Amounts payable | 17/49 | €10,425 | €30,750 | +€20,325 | +195.0% |
| Amounts payable within one year | 42/48 | €10,425 | €30,750 | +€20,325 | +195.0% |
| Financial debts | 43 | - | €11,898 | +€11,898 | |
| Credit institutions | 430/8 | - | €11,898 | +€11,898 | |
| Trade debts | 44 | €5,925 | €16,081 | +€10,156 | +171.4% |
| Suppliers | 440/4 | €5,925 | €16,081 | +€10,156 | +171.4% |
| Other amounts payable | 47/48 | €4,500 | €2,770 | -€1,730 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145 | €418 | +€272 | +187.4% |
| Other operating charges | 640/8 | €129 | €320 | +€190 | +147.2% |
| Gross operating margin | 9900 | €21,252 | €24,360 | +€3,107 | +14.6% |
| Operating profit (loss) | 9901 | €20,978 | €23,622 | +€2,645 | +12.6% |
| Financial charges | 65/66B | €171 | €1,137 | +€966 | +566.1% |
| Recurring financial charges | 65 | €171 | €1,137 | +€966 | +566.1% |
| Profit (loss) for the period before taxes | 9903 | €20,807 | €22,485 | +€1,678 | +8.1% |
| Profit (loss) for the period | 9904 | €20,807 | €22,485 | +€1,678 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,807 | €22,485 | +€1,678 | +8.1% |
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 10 October 2026 via checked.be.