BEL-FACADE: 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-FACADE
Largest movements
- Cash +€4,604
up €4,604 (+639,436%), from €1 to €4,605
mainly Net result for the year (+€51,269) and Advances received (+€24,555)
- Receivables within one year +€3,403
up €3,403 (+53.0%), from €6,422 to €9,825
of which Other amounts receivable: +€7,987
- Stocks and contracts -€2,500
no longer reported in 2025 (was €2,500)
- Tangible fixed assets +€1,423
up €1,423 (+2.9%), from €49,095 to €50,517
of which Furniture and vehicles: +€14,116
- Profit (loss) carried forward +€51,269
up €51,269 (+76.1%), from -€67,370 to -€16,102
- Tax, wage and social debts -€48,254
down €48,254 (-71.3%), from €67,667 to €19,413
of which Remuneration and social security: -€57,631
- Advances received +€24,555
new in 2025: €24,555
- Short-term financial debts -€11,369
no longer reported in 2025 (was €11,369)
- Debts after one year -€6,419
down €6,419 (-33.8%), from €18,977 to €12,558
- Staff costs -€104,979
down €104,979 (-98.6%), from €106,479 to €1,501
- Gross operating margin -€35,505
down €35,505 (-29.2%), from €121,544 to €86,040
- Taxes +€10,886
up €10,886 (+3,101%), from €351 to €11,237
- Financial charges -€8,776
down €8,776 (-60.9%), from €14,414 to €5,638
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 | €58,896 | €65,459 | +€6,563 | +11.1% |
| Fixed assets | 21/28 | €49,501 | €50,517 | +€1,017 | +2.1% |
| Tangible fixed assets | 22/27 | €49,095 | €50,517 | +€1,423 | +2.9% |
| Plant, machinery and equipment | 23 | €21,939 | €16,404 | -€5,535 | -25.2% |
| Furniture and vehicles | 24 | €345 | €14,462 | +€14,116 | +4,088% |
| Leasing and similar rights | 25 | €26,811 | €19,652 | -€7,159 | -26.7% |
| Financial fixed assets | 28 | €406 | - | -€406 | |
| Current assets | 29/58 | €9,395 | €14,942 | +€5,547 | +59.0% |
| Stocks and contracts in progress | 3 | €2,500 | - | -€2,500 | |
| Stocks | 30/36 | €2,500 | - | -€2,500 | |
| Amounts receivable within one year | 40/41 | €6,422 | €9,825 | +€3,403 | +53.0% |
| Trade receivables | 40 | €4,584 | - | -€4,584 | |
| Other amounts receivable | 41 | €1,837 | €9,825 | +€7,987 | +435% |
| Cash at bank and in hand | 54/58 | €1 | €4,605 | +€4,604 | +639,436% |
| Deferred charges and accrued income | 490/1 | €473 | €513 | +€40 | +8.4% |
| Total equity and liabilities | 10/49 | €58,896 | €65,459 | +€6,563 | +11.1% |
| Equity | 10/15 | -€50,310 | €958 | +€51,269 | |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €10,860 | €9,000 | -€1,860 | -17.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,370 | -€16,102 | +€51,269 | +76.1% |
| Amounts payable | 17/49 | €109,206 | €64,501 | -€44,705 | -40.9% |
| Amounts payable after more than one year | 17 | €18,977 | €12,558 | -€6,419 | -33.8% |
| Financial debts | 170/4 | €18,977 | €12,558 | -€6,419 | -33.8% |
| Amounts payable within one year | 42/48 | €88,512 | €51,877 | -€36,636 | -41.4% |
| Current portion of amounts payable after more than one year | 42 | €5,921 | €6,419 | +€498 | +8.4% |
| Financial debts | 43 | €11,369 | - | -€11,369 | |
| Credit institutions | 430/8 | €11,369 | - | -€11,369 | |
| Trade debts | 44 | €1,779 | €1,490 | -€289 | -16.3% |
| Suppliers | 440/4 | €1,779 | €1,490 | -€289 | -16.3% |
| Advances received on contracts in progress | 46 | - | €24,555 | +€24,555 | |
| Taxes, remuneration and social security | 45 | €67,667 | €19,413 | -€48,254 | -71.3% |
| Taxes | 450/3 | €4,373 | €13,750 | +€9,377 | +214% |
| Remuneration and social security | 454/9 | €63,294 | €5,663 | -€57,631 | -91.1% |
| Other amounts payable | 47/48 | €1,777 | - | -€1,777 | |
| Accrued charges and deferred income | 492/3 | €1,717 | €66 | -€1,651 | -96.2% |
| Remuneration, social security and pensions | 62 | €106,479 | €1,501 | -€104,979 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,504 | €14,715 | +€1,210 | +9.0% |
| Other operating charges | 640/8 | €1,588 | €1,732 | +€144 | +9.1% |
| Gross operating margin | 9900 | €121,544 | €86,040 | -€35,505 | -29.2% |
| Operating profit (loss) | 9901 | -€27 | €68,092 | +€68,119 | |
| Financial income | 75/76B | €39 | €52 | +€13 | +33.0% |
| Recurring financial income | 75 | €39 | €52 | +€13 | +33.0% |
| Financial charges | 65/66B | €14,414 | €5,638 | -€8,776 | -60.9% |
| Recurring financial charges | 65 | €14,414 | €5,638 | -€8,776 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,402 | €62,506 | +€76,908 | |
| Income taxes | 67/77 | €351 | €11,237 | +€10,886 | +3,101% |
| Profit (loss) for the period | 9904 | -€14,753 | €51,269 | +€66,022 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,753 | €51,269 | +€66,022 |
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.