BE BELLE: what changed
Two fiscal 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.
BE BELLE
Largest movements
- Intangible fixed assets +€75,706
new in 2025: €75,706
- Tangible fixed assets +€27,722
up €27,722 (+380.1%), from €7,293 to €35,015
of which Furniture and vehicles: +€30,153
- Receivables within one year +€15,566
up €15,566 (+184.2%), from €8,452 to €24,018
of which Trade receivables: +€10,476
- Cash +€6,337
up €6,337 (+130.9%), from €4,842 to €11,179
mainly Other debts (+€59,176) and Trade debts (+€31,782)
- Stocks and contracts -€3,904
down €3,904 (-35.1%), from €11,125 to €7,222
- Other debts +€59,176
up €59,176 (+55.0%), from €107,647 to €166,823
- Trade debts +€31,782
up €31,782 (+648.6%), from €4,900 to €36,682
- Debts after one year +€20,000
new in 2025: €20,000
- Accrued charges and deferred income +€4,430
new in 2025: €4,430
- Tax, wage and social debts +€3,384
up €3,384 (+331.0%), from €1,023 to €4,407
- Other operating charges -€9,081
down €9,081 (-92.2%), from €9,855 to €774
- Financial charges +€4,931
up €4,931 (+8236.8%), from €60 to €4,990
- Depreciation +€4,413
up €4,413 (+175.7%), from €2,512 to €6,925
- Gross operating margin -€3,736
down €3,736 (-19.3%), from €19,317 to €15,580
- Taxes -€216
down €216 (-46.0%), from €469 to €254
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 | €31,712 | €153,140 | +€121,428 | +382.9% |
| Fixed assets | 21/28 | €7,293 | €110,721 | +€103,428 | +1418.2% |
| Intangible fixed assets | 21 | - | €75,706 | +€75,706 | |
| Tangible fixed assets | 22/27 | €7,293 | €35,015 | +€27,722 | +380.1% |
| Plant, machinery and equipment | 23 | €7,293 | €4,861 | -€2,431 | -33.3% |
| Furniture and vehicles | 24 | - | €30,153 | +€30,153 | |
| Current assets | 29/58 | €24,419 | €42,419 | +€18,000 | +73.7% |
| Stocks and contracts in progress | 3 | €11,125 | €7,222 | -€3,904 | -35.1% |
| Stocks | 30/36 | €11,125 | €7,222 | -€3,904 | -35.1% |
| Amounts receivable within one year | 40/41 | €8,452 | €24,018 | +€15,566 | +184.2% |
| Trade receivables | 40 | €8,452 | €18,928 | +€10,476 | +123.9% |
| Other amounts receivable | 41 | €0 | €5,090 | +€5,090 | |
| Cash at bank and in hand | 54/58 | €4,842 | €11,179 | +€6,337 | +130.9% |
| Total equity and liabilities | 10/49 | €31,712 | €153,140 | +€121,428 | +382.9% |
| Equity | 10/15 | -€81,857 | -€79,202 | +€2,655 | +3.2% |
| Contributions | 10/11 | €88,600 | €88,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,457 | -€167,802 | +€2,655 | +1.6% |
| Amounts payable | 17/49 | €113,569 | €232,342 | +€118,773 | +104.6% |
| Amounts payable after more than one year | 17 | - | €20,000 | +€20,000 | |
| Financial debts | 170/4 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €113,569 | €207,912 | +€94,343 | +83.1% |
| Trade debts | 44 | €4,900 | €36,682 | +€31,782 | +648.6% |
| Suppliers | 440/4 | €4,900 | €36,682 | +€31,782 | +648.6% |
| Taxes, remuneration and social security | 45 | €1,023 | €4,407 | +€3,384 | +331.0% |
| Taxes | 450/3 | €1,023 | €4,407 | +€3,384 | +331.0% |
| Other amounts payable | 47/48 | €107,647 | €166,823 | +€59,176 | +55.0% |
| Accrued charges and deferred income | 492/3 | - | €4,430 | +€4,430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,512 | €6,925 | +€4,413 | +175.7% |
| Other operating charges | 640/8 | €9,855 | €774 | -€9,081 | -92.2% |
| Gross operating margin | 9900 | €19,317 | €15,580 | -€3,736 | -19.3% |
| Operating profit (loss) | 9901 | €6,950 | €7,882 | +€931 | +13.4% |
| Financial income | 75/76B | €3 | €17 | +€14 | +472.3% |
| Recurring financial income | 75 | €3 | €17 | +€14 | +472.3% |
| Financial charges | 65/66B | €60 | €4,990 | +€4,931 | +8236.8% |
| Recurring financial charges | 65 | €60 | €4,990 | +€4,931 | +8236.8% |
| Profit (loss) for the period before taxes | 9903 | €6,894 | €2,909 | -€3,985 | -57.8% |
| Income taxes | 67/77 | €469 | €254 | -€216 | -46.0% |
| Profit (loss) for the period | 9904 | €6,424 | €2,655 | -€3,769 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,424 | €2,655 | -€3,769 | -58.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.