BEL-ASSIST: 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-ASSIST
Largest movements
- Cash -€51,385
down €51,385 (-40.2%), from €127,764 to €76,379
mainly Net result for the year (-€26,914) and Trade debts (-€16,922)
- Deferred charges and accrued income +€7,306
up €7,306 (+639%), from €1,144 to €8,450
- Tangible fixed assets -€5,949
down €5,949 (-38.7%), from €15,380 to €9,431
- Reserves -€26,913
down €26,913 (-42.8%), from €62,852 to €35,939
of which Distributable reserves: -€26,913
- Trade debts -€16,922
down €16,922 (-20.1%), from €83,991 to €67,069
- Current portion of long-term debt -€6,355
no longer reported in 2025 (was €6,355)
- Tax, wage and social debts +€3,508
up €3,508 (+16.9%), from €20,740 to €24,248
- Debts after one year -€3,331
no longer reported in 2025 (was €3,331)
- Gross operating margin +€74,373
up €74,373 (+39.9%), from €186,443 to €260,816
- Staff costs +€59,748
up €59,748 (+27.2%), from €219,835 to €279,583
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 | €200,315 | €150,024 | -€50,291 | -25.1% |
| Fixed assets | 21/28 | €15,380 | €9,431 | -€5,949 | -38.7% |
| Tangible fixed assets | 22/27 | €15,380 | €9,431 | -€5,949 | -38.7% |
| Furniture and vehicles | 24 | €15,380 | €9,431 | -€5,949 | -38.7% |
| Current assets | 29/58 | €184,935 | €140,593 | -€44,342 | -24.0% |
| Amounts receivable within one year | 40/41 | €56,027 | €55,764 | -€263 | -0.5% |
| Trade receivables | 40 | €54,755 | €46,049 | -€8,706 | -15.9% |
| Other amounts receivable | 41 | €1,272 | €9,715 | +€8,443 | +664% |
| Cash at bank and in hand | 54/58 | €127,764 | €76,379 | -€51,385 | -40.2% |
| Deferred charges and accrued income | 490/1 | €1,144 | €8,450 | +€7,306 | +639% |
| Total equity and liabilities | 10/49 | €200,315 | €150,024 | -€50,291 | -25.1% |
| Equity | 10/15 | €81,452 | €54,539 | -€26,913 | -33.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,852 | €35,939 | -€26,913 | -42.8% |
| Non-distributable reserves | 130/1 | €498 | €498 | = | 0.0% |
| Reserves not available under the articles | 1311 | €498 | €498 | = | 0.0% |
| Distributable reserves | 133 | €62,354 | €35,441 | -€26,913 | -43.2% |
| Provisions and deferred taxes | 16 | €3,425 | €3,425 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,425 | €3,425 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,425 | €3,425 | = | 0.0% |
| Amounts payable | 17/49 | €115,438 | €92,060 | -€23,378 | -20.3% |
| Amounts payable after more than one year | 17 | €3,331 | - | -€3,331 | |
| Financial debts | 170/4 | €3,331 | - | -€3,331 | |
| Amounts payable within one year | 42/48 | €112,107 | €91,317 | -€20,790 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €6,355 | - | -€6,355 | |
| Trade debts | 44 | €83,991 | €67,069 | -€16,922 | -20.1% |
| Suppliers | 440/4 | €83,991 | €67,069 | -€16,922 | -20.1% |
| Taxes, remuneration and social security | 45 | €20,740 | €24,248 | +€3,508 | +16.9% |
| Remuneration and social security | 454/9 | €20,740 | €24,248 | +€3,508 | +16.9% |
| Other amounts payable | 47/48 | €1,021 | - | -€1,021 | |
| Accrued charges and deferred income | 492/3 | - | €743 | +€743 | |
| Remuneration, social security and pensions | 62 | €219,835 | €279,583 | +€59,748 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,432 | €5,950 | -€1,482 | -19.9% |
| Other operating charges | 640/8 | €352 | €979 | +€627 | +178% |
| Gross operating margin | 9900 | €186,443 | €260,816 | +€74,373 | +39.9% |
| Operating profit (loss) | 9901 | -€41,176 | -€25,696 | +€15,480 | +37.6% |
| Financial income | 75/76B | €3,073 | €819 | -€2,254 | -73.3% |
| Recurring financial income | 75 | €3,073 | €819 | -€2,254 | -73.3% |
| Non-recurring financial income | 76B | - | €819 | +€819 | |
| Financial charges | 65/66B | €1,381 | €2,037 | +€656 | +47.5% |
| Recurring financial charges | 65 | €1,381 | €1,000 | -€381 | -27.6% |
| Non-recurring financial charges | 66B | - | €1,037 | +€1,037 | |
| Profit (loss) for the period before taxes | 9903 | -€39,484 | -€26,914 | +€12,570 | +31.8% |
| Income taxes | 67/77 | €225 | - | -€225 | |
| Profit (loss) for the period | 9904 | -€39,709 | -€26,914 | +€12,795 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,709 | -€26,914 | +€12,795 | +32.2% |
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 29 October 2026 via checked.be.