BEL PROPRE: 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.
BEL PROPRE
Largest movements
- Tangible fixed assets -€20,970
no longer reported in 2025 (was €20,970)
- Receivables within one year -€16,462
down €16,462 (-18.0%), from €91,291 to €74,829
of which Trade receivables: -€21,159
- Cash -€5,909
no longer reported in 2025 (was €5,909)
mainly Trade debts (-€19,262) and Debts after one year (-€14,578)
- Trade debts -€19,262
down €19,262 (-32.2%), from €59,911 to €40,649
- Debts after one year -€14,578
no longer reported in 2025 (was €14,578)
- Tax, wage and social debts -€6,054
down €6,054 (-68.0%), from €8,897 to €2,844
- Current portion of long-term debt -€4,184
no longer reported in 2025 (was €4,184)
- Profit (loss) carried forward +€1,898
up €1,898 (+4.5%), from €42,019 to €43,917
- Other operating charges +€13,151
up €13,151 (+155.1%), from €8,477 to €21,627
- Depreciation -€4,836
no longer reported in 2025 (was €4,836)
- Financial charges -€2,319
down €2,319 (-58.2%), from €3,986 to €1,667
- Taxes -€1,600
down €1,600 (-32.9%), from €4,862 to €3,262
- Gross operating margin +€929
up €929 (+3.4%), from €27,398 to €28,327
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 | €130,134 | €87,964 | -€42,170 | -32.4% |
| Fixed assets | 21/28 | €20,970 | - | -€20,970 | |
| Tangible fixed assets | 22/27 | €20,970 | - | -€20,970 | |
| Leasing and similar rights | 25 | €20,970 | - | -€20,970 | |
| Current assets | 29/58 | €109,165 | €87,964 | -€21,201 | -19.4% |
| Amounts receivable within one year | 40/41 | €91,291 | €74,829 | -€16,462 | -18.0% |
| Trade receivables | 40 | €90,903 | €69,744 | -€21,159 | -23.3% |
| Other amounts receivable | 41 | €388 | €5,085 | +€4,697 | +1211.2% |
| Cash at bank and in hand | 54/58 | €5,909 | - | -€5,909 | |
| Deferred charges and accrued income | 490/1 | €11,964 | €13,135 | +€1,171 | +9.8% |
| Total equity and liabilities | 10/49 | €130,134 | €87,964 | -€42,170 | -32.4% |
| Equity | 10/15 | €42,319 | €44,217 | +€1,898 | +4.5% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,019 | €43,917 | +€1,898 | +4.5% |
| Amounts payable | 17/49 | €87,815 | €43,747 | -€44,068 | -50.2% |
| Amounts payable after more than one year | 17 | €14,578 | - | -€14,578 | |
| Financial debts | 170/4 | €14,578 | - | -€14,578 | |
| Amounts payable within one year | 42/48 | €73,237 | €43,747 | -€29,490 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €4,184 | - | -€4,184 | |
| Financial debts | 43 | €245 | €254 | +€9 | +3.6% |
| Credit institutions | 430/8 | €245 | €254 | +€9 | +3.6% |
| Trade debts | 44 | €59,911 | €40,649 | -€19,262 | -32.2% |
| Suppliers | 440/4 | €59,911 | €40,649 | -€19,262 | -32.2% |
| Taxes, remuneration and social security | 45 | €8,897 | €2,844 | -€6,054 | -68.0% |
| Taxes | 450/3 | €8,897 | €2,844 | -€6,054 | -68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,836 | - | -€4,836 | |
| Other operating charges | 640/8 | €8,477 | €21,627 | +€13,151 | +155.1% |
| Gross operating margin | 9900 | €27,398 | €28,327 | +€929 | +3.4% |
| Operating profit (loss) | 9901 | €14,086 | €6,700 | -€7,386 | -52.4% |
| Financial income | 75/76B | - | €128 | +€128 | |
| Recurring financial income | 75 | - | €128 | +€128 | |
| Financial charges | 65/66B | €3,986 | €1,667 | -€2,319 | -58.2% |
| Recurring financial charges | 65 | €3,986 | €1,667 | -€2,319 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €10,099 | €5,160 | -€4,939 | -48.9% |
| Income taxes | 67/77 | €4,862 | €3,262 | -€1,600 | -32.9% |
| Profit (loss) for the period | 9904 | €5,237 | €1,898 | -€3,339 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,237 | €1,898 | -€3,339 | -63.8% |
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 2 October 2026 via checked.be.