BELA SOINS: 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.
BELA SOINS
Largest movements
- Cash +€20,784
up €20,784 (+76.2%), from €27,275 to €48,059
mainly Depreciation (+€28,093) and Receivables within one year (+€11,889)
- Tangible fixed assets -€18,544
down €18,544 (-14.2%), from €130,400 to €111,857
of which Leasing and similar rights: -€24,602
- Receivables within one year -€11,889
down €11,889 (-26.3%), from €45,247 to €33,358
of which Trade receivables: -€12,589
- Deferred charges and accrued income -€11,017
down €11,017 (-35.2%), from €31,313 to €20,295
- Debts after one year -€28,018
down €28,018 (-28.7%), from €97,541 to €69,522
of which Advances received on contracts in progress: -€15,551
- Reserves +€20,524
up €20,524 (+31.0%), from €66,159 to €86,684
- Profit (loss) carried forward -€15,388
down €15,388 (-75.0%), from €20,524 to €5,137
- Current portion of long-term debt +€4,952
up €4,952 (+16.7%), from €29,733 to €34,685
- Trade debts -€2,737
down €2,737 (-53.9%), from €5,078 to €2,342
- Gross operating margin -€69,989
down €69,989 (-62.7%), from €111,648 to €41,659
- Other operating charges -€69,580
down €69,580 (-97.7%), from €71,237 to €1,656
- Depreciation +€10,669
up €10,669 (+61.2%), from €17,424 to €28,093
- Staff costs +€6,619
up €6,619 (+743%), from €891 to €7,510
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 | €234,235 | €213,569 | -€20,666 | -8.8% |
| Fixed assets | 21/28 | €130,400 | €111,857 | -€18,544 | -14.2% |
| Tangible fixed assets | 22/27 | €130,400 | €111,857 | -€18,544 | -14.2% |
| Leasing and similar rights | 25 | €108,071 | €83,469 | -€24,602 | -22.8% |
| Other tangible fixed assets | 26 | €22,330 | €28,388 | +€6,058 | +27.1% |
| Current assets | 29/58 | €103,835 | €101,712 | -€2,123 | -2.0% |
| Amounts receivable within one year | 40/41 | €45,247 | €33,358 | -€11,889 | -26.3% |
| Trade receivables | 40 | €25,247 | €12,658 | -€12,589 | -49.9% |
| Other amounts receivable | 41 | €20,000 | €20,700 | +€700 | +3.5% |
| Cash at bank and in hand | 54/58 | €27,275 | €48,059 | +€20,784 | +76.2% |
| Deferred charges and accrued income | 490/1 | €31,313 | €20,295 | -€11,017 | -35.2% |
| Total equity and liabilities | 10/49 | €234,235 | €213,569 | -€20,666 | -8.8% |
| Equity | 10/15 | €92,884 | €98,020 | +€5,137 | +5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,159 | €86,684 | +€20,524 | +31.0% |
| Distributable reserves | 133 | €66,159 | €86,684 | +€20,524 | +31.0% |
| Profit (loss) carried forward | 14 | €20,524 | €5,137 | -€15,388 | -75.0% |
| Amounts payable | 17/49 | €141,352 | €115,549 | -€25,803 | -18.3% |
| Amounts payable after more than one year | 17 | €97,541 | €69,522 | -€28,018 | -28.7% |
| Financial debts | 170/4 | €48,268 | €35,801 | -€12,467 | -25.8% |
| Advances received on contracts in progress | 176 | €49,273 | €33,721 | -€15,551 | -31.6% |
| Amounts payable within one year | 42/48 | €43,811 | €46,027 | +€2,216 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €29,733 | €34,685 | +€4,952 | +16.7% |
| Trade debts | 44 | €5,078 | €2,342 | -€2,737 | -53.9% |
| Suppliers | 440/4 | €5,078 | €2,342 | -€2,737 | -53.9% |
| Taxes, remuneration and social security | 45 | €9,000 | €9,000 | = | 0.0% |
| Taxes | 450/3 | €9,000 | €9,000 | = | 0.0% |
| Non-recurring operating income | 76A | €104,143 | - | -€104,143 | |
| Remuneration, social security and pensions | 62 | €891 | €7,510 | +€6,619 | +743% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,424 | €28,093 | +€10,669 | +61.2% |
| Other operating charges | 640/8 | €71,237 | €1,656 | -€69,580 | -97.7% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €111,648 | €41,659 | -€69,989 | -62.7% |
| Operating profit (loss) | 9901 | €22,097 | €4,400 | -€17,697 | -80.1% |
| Financial income | 75/76B | €2,984 | €4,061 | +€1,077 | +36.1% |
| Recurring financial income | 75 | €64 | €4,061 | +€3,998 | +6,289% |
| Non-recurring financial income | 76B | €2,920 | €4,061 | +€1,141 | +39.1% |
| Financial charges | 65/66B | €3,989 | €3,233 | -€757 | -19.0% |
| Recurring financial charges | 65 | €3,989 | €3,231 | -€758 | -19.0% |
| Non-recurring financial charges | 66B | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | €21,092 | €5,228 | -€15,863 | -75.2% |
| Income taxes | 67/77 | €567 | €92 | -€476 | -83.8% |
| Profit (loss) for the period | 9904 | €20,524 | €5,137 | -€15,388 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,524 | €5,137 | -€15,388 | -75.0% |
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 24 October 2026 via checked.be.