BEL: 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.
BEL
Largest movements
- Receivables within one year -€4,309
down €4,309 (-95.0%), from €4,535 to €226
of which Other amounts receivable: -€3,281
- Cash -€113
down €113 (-36.7%), from €307 to €194
mainly Other debts (-€1,764) and Net result for the year (-€1,647)
- Other debts -€1,764
down €1,764 (-20.5%), from €8,594 to €6,829
- Profit (loss) carried forward -€1,647
down €1,647 (-7.0%), from -€23,410 to -€25,057
- Trade debts -€1,011
down €1,011 (-95.5%), from €1,059 to €48
- Gross operating margin -€7,368
down €7,368, from €5,811 to -€1,556
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 | €4,842 | €421 | -€4,422 | -91.3% |
| Current assets | 29/58 | €4,842 | €421 | -€4,422 | -91.3% |
| Amounts receivable within one year | 40/41 | €4,535 | €226 | -€4,309 | -95.0% |
| Trade receivables | 40 | €1,029 | - | -€1,029 | |
| Other amounts receivable | 41 | €3,507 | €226 | -€3,281 | -93.6% |
| Cash at bank and in hand | 54/58 | €307 | €194 | -€113 | -36.7% |
| Total equity and liabilities | 10/49 | €4,842 | €421 | -€4,422 | -91.3% |
| Equity | 10/15 | -€4,810 | -€6,457 | -€1,647 | -34.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,410 | -€25,057 | -€1,647 | -7.0% |
| Amounts payable | 17/49 | €9,652 | €6,877 | -€2,775 | -28.7% |
| Amounts payable within one year | 42/48 | €9,652 | €6,877 | -€2,775 | -28.7% |
| Trade debts | 44 | €1,059 | €48 | -€1,011 | -95.5% |
| Suppliers | 440/4 | €1,059 | €48 | -€1,011 | -95.5% |
| Other amounts payable | 47/48 | €8,594 | €6,829 | -€1,764 | -20.5% |
| Gross operating margin | 9900 | €5,811 | -€1,556 | -€7,368 | |
| Operating profit (loss) | 9901 | €5,811 | -€1,556 | -€7,368 | |
| Financial charges | 65/66B | €59 | €91 | +€32 | +53.3% |
| Recurring financial charges | 65 | €59 | €91 | +€32 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | €5,752 | -€1,647 | -€7,399 | |
| Profit (loss) for the period | 9904 | €5,752 | -€1,647 | -€7,399 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,752 | -€1,647 | -€7,399 |
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 14 October 2026 via checked.be.