BEL EDEN: 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 EDEN
Largest movements
- Cash +€1.4m
up €1.4m (+3,869%), from €35,671 to €1.4m
mainly Debts after one year (+€1.3m) and Current portion of long-term debt (+€125,000)
- Debts after one year +€1.3m
up €1.3m (+8,495%), from €15,009 to €1.3m
of which Financial debts: +€1.3m
- Current portion of long-term debt +€125,000
new in 2025: €125,000
- Profit (loss) carried forward -€55,694
down €55,694 (-14.8%), from €375,455 to €319,761
- Other debts +€30,553
up €30,553 (+30.6%), from €100,000 to €130,553
- Financial charges -€84,802
down €84,802 (-96.0%), from €88,360 to €3,558
of which Non-recurring financial charges: -€86,924
- Gross operating margin +€2,595
up €2,595 (+3.6%), from €72,241 to €74,836
- Depreciation -€2,498
down €2,498 (-17.7%), from €14,110 to €11,612
- Financial income +€2,243
up €2,243 (+25.3%), from €8,871 to €11,115
- Taxes +€1,685
up €1,685 (+12.3%), from €13,707 to €15,392
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 | €683,642 | €2,066,405 | +€1.4m | +202% |
| Fixed assets | 21/28 | €95,695 | €84,082 | -€11,612 | -12.1% |
| Tangible fixed assets | 22/27 | €95,695 | €84,082 | -€11,612 | -12.1% |
| Land and buildings | 22 | €95,695 | €84,082 | -€11,612 | -12.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €587,947 | €1,982,323 | +€1.4m | +237% |
| Amounts receivable within one year | 40/41 | €551,346 | €565,510 | +€14,165 | +2.6% |
| Other amounts receivable | 41 | €551,346 | €565,510 | +€14,165 | +2.6% |
| Cash at bank and in hand | 54/58 | €35,671 | €1,415,764 | +€1.4m | +3,869% |
| Deferred charges and accrued income | 490/1 | €931 | €1,048 | +€118 | +12.7% |
| Total equity and liabilities | 10/49 | €683,642 | €2,066,405 | +€1.4m | +202% |
| Equity | 10/15 | €565,755 | €510,061 | -€55,694 | -9.8% |
| Contributions | 10/11 | €173,000 | €173,000 | = | 0.0% |
| Capital | 10 | €173,000 | €173,000 | = | 0.0% |
| Issued capital | 100 | €173,000 | €173,000 | = | 0.0% |
| Reserves | 13 | €17,300 | €17,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,300 | €17,300 | = | 0.0% |
| Legal reserve | 130 | €17,300 | €17,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €375,455 | €319,761 | -€55,694 | -14.8% |
| Amounts payable | 17/49 | €117,887 | €1,556,344 | +€1.4m | +1,220% |
| Amounts payable after more than one year | 17 | €15,009 | €1,290,009 | +€1.3m | +8,495% |
| Financial debts | 170/4 | - | €1,275,000 | +€1.3m | |
| Other amounts payable | 178/9 | €15,009 | €15,009 | = | 0.0% |
| Amounts payable within one year | 42/48 | €102,878 | €266,028 | +€163,149 | +159% |
| Current portion of amounts payable after more than one year | 42 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €2,878 | €3,083 | +€204 | +7.1% |
| Suppliers | 440/4 | €2,878 | €3,083 | +€204 | +7.1% |
| Taxes, remuneration and social security | 45 | - | €7,392 | +€7,392 | |
| Taxes | 450/3 | - | €7,392 | +€7,392 | |
| Other amounts payable | 47/48 | €100,000 | €130,553 | +€30,553 | +30.6% |
| Accrued charges and deferred income | 492/3 | - | €308 | +€308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,110 | €11,612 | -€2,498 | -17.7% |
| Other operating charges | 640/8 | €10,737 | €11,082 | +€346 | +3.2% |
| Gross operating margin | 9900 | €72,241 | €74,836 | +€2,595 | +3.6% |
| Operating profit (loss) | 9901 | €47,394 | €52,141 | +€4,747 | +10.0% |
| Financial income | 75/76B | €8,871 | €11,115 | +€2,243 | +25.3% |
| Recurring financial income | 75 | €8,871 | €11,115 | +€2,243 | +25.3% |
| Financial charges | 65/66B | €88,360 | €3,558 | -€84,802 | -96.0% |
| Recurring financial charges | 65 | €1,437 | €3,558 | +€2,121 | +148% |
| Non-recurring financial charges | 66B | €86,924 | €0 | -€86,924 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€32,095 | €59,698 | +€91,793 | |
| Income taxes | 67/77 | €13,707 | €15,392 | +€1,685 | +12.3% |
| Profit (loss) for the period | 9904 | -€45,802 | €44,306 | +€90,108 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,802 | €44,306 | +€90,108 |
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 18 October 2026 via checked.be.