BELACCOUNT: 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.
BELACCOUNT
Largest movements
- Tangible fixed assets -€49,783
down €49,783 (-15.7%), from €317,593 to €267,810
of which Furniture and vehicles: -€30,459
- Receivables within one year +€19,638
up €19,638 (+6.3%), from €312,043 to €331,681
of which Trade receivables: +€13,612
- Cash +€19,617
up €19,617 (+44.9%), from €43,716 to €63,333
mainly Depreciation (+€49,783) and Other debts (+€15,906)
- Debts after one year -€40,203
down €40,203 (-22.5%), from €178,619 to €138,416
- Other debts +€15,906
up €15,906 (+8.3%), from €192,496 to €208,402
- Reserves +€7,500
up €7,500 (+403%), from €1,860 to €9,360
- Gross operating margin +€37,060
up €37,060 (+52.4%), from €70,769 to €107,830
- Staff costs +€1,318
up €1,318 (+3.4%), from €38,569 to €39,887
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 | €673,352 | €662,824 | -€10,528 | -1.6% |
| Fixed assets | 21/28 | €317,593 | €267,810 | -€49,783 | -15.7% |
| Tangible fixed assets | 22/27 | €317,593 | €267,810 | -€49,783 | -15.7% |
| Land and buildings | 22 | €143,199 | €131,130 | -€12,068 | -8.4% |
| Plant, machinery and equipment | 23 | €61,124 | €53,869 | -€7,256 | -11.9% |
| Furniture and vehicles | 24 | €113,270 | €82,812 | -€30,459 | -26.9% |
| Current assets | 29/58 | €355,759 | €395,014 | +€39,255 | +11.0% |
| Amounts receivable within one year | 40/41 | €312,043 | €331,681 | +€19,638 | +6.3% |
| Trade receivables | 40 | €290,087 | €303,699 | +€13,612 | +4.7% |
| Other amounts receivable | 41 | €21,956 | €27,982 | +€6,026 | +27.4% |
| Cash at bank and in hand | 54/58 | €43,716 | €63,333 | +€19,617 | +44.9% |
| Total equity and liabilities | 10/49 | €673,352 | €662,824 | -€10,528 | -1.6% |
| Equity | 10/15 | €223,614 | €231,334 | +€7,720 | +3.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €9,360 | +€7,500 | +403% |
| Distributable reserves | 133 | €1,860 | €9,360 | +€7,500 | +403% |
| Profit (loss) carried forward | 14 | €209,254 | €209,474 | +€220 | +0.1% |
| Amounts payable | 17/49 | €449,738 | €431,490 | -€18,247 | -4.1% |
| Amounts payable after more than one year | 17 | €178,619 | €138,416 | -€40,203 | -22.5% |
| Financial debts | 170/4 | €178,619 | €138,416 | -€40,203 | -22.5% |
| Amounts payable within one year | 42/48 | €271,119 | €293,074 | +€21,956 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €39,525 | €40,203 | +€678 | +1.7% |
| Trade debts | 44 | €11,824 | €16,515 | +€4,691 | +39.7% |
| Suppliers | 440/4 | €11,824 | €16,515 | +€4,691 | +39.7% |
| Taxes, remuneration and social security | 45 | €27,273 | €27,954 | +€681 | +2.5% |
| Taxes | 450/3 | €22,344 | €22,603 | +€259 | +1.2% |
| Remuneration and social security | 454/9 | €4,930 | €5,352 | +€422 | +8.6% |
| Other amounts payable | 47/48 | €192,496 | €208,402 | +€15,906 | +8.3% |
| Remuneration, social security and pensions | 62 | €38,569 | €39,887 | +€1,318 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,311 | €49,783 | -€528 | -1.1% |
| Other operating charges | 640/8 | €4,048 | €3,795 | -€253 | -6.2% |
| Gross operating margin | 9900 | €70,769 | €107,830 | +€37,060 | +52.4% |
| Operating profit (loss) | 9901 | -€22,159 | €14,364 | +€36,523 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.8% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.8% |
| Financial charges | 65/66B | €6,164 | €5,195 | -€969 | -15.7% |
| Recurring financial charges | 65 | €6,164 | €5,195 | -€969 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,313 | €9,170 | +€37,483 | |
| Income taxes | 67/77 | €632 | €1,450 | +€818 | +129% |
| Profit (loss) for the period | 9904 | -€28,945 | €7,720 | +€36,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,945 | €7,720 | +€36,665 |
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 17 October 2026 via checked.be.