BELAIR: 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.
What changed
BELAIR
NACE 81.210, General cleaning of buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€30,342
2024 · €112,047-€81,704
Equity
€2.0m
2024 · €2.0m+€30,342
Cash
€935,604
2024 · €1.0m-€65,113
Balance sheet total
€3.5m
2024 · €3.2m+€282,985
Largest movements
Assets
- Current investments +€243,560
up €243,560 (+23.2%), from €1.1m to €1.3m
- Financial fixed assets +€190,710
up €190,710 (+288%), from €66,328 to €257,038
- Receivables within one year -€82,675
down €82,675 (-12.1%), from €685,828 to €603,153
of which Other amounts receivable: -€86,149
- Cash -€65,113
down €65,113 (-6.5%), from €1.0m to €935,604
mainly Investment in fixed assets (net) (-€339,656) and Provisions (-€280,647)
- Tangible fixed assets +€38,859
up €38,859 (+11.9%), from €327,086 to €365,946
of which Furniture and vehicles: +€47,655
Equity and liabilities
- Debts within one year +€532,228
up €532,228 (+56.4%), from €943,221 to €1.5m
- Provisions -€280,647
down €280,647 (-100%), from €280,647 to €0
Income statement
- Gross operating margin +€194,404
up €194,404 (+5.4%), from €3.6m to €3.8m
- Write-downs +€42,158
new in 2025: €42,158
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.
Result 2024
€112,047
Gross operating margin
+€194,404
Staff costs
-€3,231
Depreciation
-€36,870
Write-downs
-€42,158
Other operating charges
+€1,406
Other operating items
-€177,393
Financial income
-€27,877
Financial charges
+€330
Taxes
+€9,685
Result 2025
€30,342
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€518,103
Investment
-€583,216
Financing
€0
Cash 2024
€1.0m
From operations (derived)
+€518,103
Net result for the year
+€30,342
Depreciation
+€113,286
Receivables after one year
+€2,500
Smaller working-capital items
+€2,216
Receivables within one year
+€82,675
Deferred charges and accrued income
+€35,503
Provisions
-€280,647
Debts within one year
+€532,228
Investment (derived)
-€583,216
Investment in fixed assets (net)
-€339,656
Current investments
-€243,560
Cash 2025
€935,604
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,191,094 | €3,474,079 | +€282,985 | +8.9% |
| Fixed assets | 21/28 | €399,918 | €626,289 | +€226,370 | +56.6% |
| Intangible fixed assets | 21 | €6,504 | €3,305 | -€3,199 | -49.2% |
| Tangible fixed assets | 22/27 | €327,086 | €365,946 | +€38,859 | +11.9% |
| Plant, machinery and equipment | 23 | €91,902 | €83,107 | -€8,796 | -9.6% |
| Furniture and vehicles | 24 | €235,184 | €282,839 | +€47,655 | +20.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €66,328 | €257,038 | +€190,710 | +288% |
| Current assets | 29/58 | €2,791,176 | €2,847,791 | +€56,615 | +2.0% |
| Amounts receivable after more than one year | 29 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts receivable | 291 | €2,500 | €0 | -€2,500 | -100% |
| Stocks and contracts in progress | 3 | €8,967 | €7,812 | -€1,155 | -12.9% |
| Stocks | 30/36 | €8,967 | €7,812 | -€1,155 | -12.9% |
| Amounts receivable within one year | 40/41 | €685,828 | €603,153 | -€82,675 | -12.1% |
| Trade receivables | 40 | €551,584 | €555,058 | +€3,474 | +0.6% |
| Other amounts receivable | 41 | €134,244 | €48,096 | -€86,149 | -64.2% |
| Current investments | 50/53 | €1,050,000 | €1,293,560 | +€243,560 | +23.2% |
| Cash at bank and in hand | 54/58 | €1,000,716 | €935,604 | -€65,113 | -6.5% |
| Deferred charges and accrued income | 490/1 | €43,165 | €7,662 | -€35,503 | -82.2% |
| Total equity and liabilities | 10/49 | €3,191,094 | €3,474,079 | +€282,985 | +8.9% |
| Equity | 10/15 | €1,967,226 | €1,997,569 | +€30,342 | +1.5% |
| Profit (loss) carried forward | 14 | €1,967,226 | €1,997,569 | +€30,342 | +1.5% |
| Provisions and deferred taxes | 16 | €280,647 | €0 | -€280,647 | -100% |
| Provisions for liabilities and charges | 160/5 | €280,647 | €0 | -€280,647 | -100% |
| Other liabilities and charges | 164/5 | €280,647 | €0 | -€280,647 | -100% |
| Amounts payable | 17/49 | €943,221 | €1,476,511 | +€533,289 | +56.5% |
| Amounts payable within one year | 42/48 | €943,221 | €1,475,449 | +€532,228 | +56.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,336 | €796 | -€540 | -40.4% |
| Credit institutions | 430/8 | €1,336 | €796 | -€540 | -40.4% |
| Trade debts | 44 | €179,906 | €114,330 | -€65,575 | -36.4% |
| Suppliers | 440/4 | €179,906 | €114,330 | -€65,575 | -36.4% |
| Taxes, remuneration and social security | 45 | €592,559 | €712,321 | +€119,762 | +20.2% |
| Taxes | 450/3 | €11,651 | €9,579 | -€2,072 | -17.8% |
| Remuneration and social security | 454/9 | €580,908 | €702,742 | +€121,834 | +21.0% |
| Accrued charges and deferred income | 492/3 | - | €1,061 | +€1,061 | |
| Non-recurring operating income | 76A | €2,577 | €0 | -€2,577 | -100% |
| Remuneration, social security and pensions | 62 | €3,428,958 | €3,432,189 | +€3,231 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,416 | €113,286 | +€36,870 | +48.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €42,158 | +€42,158 | |
| Other operating charges | 640/8 | €10,719 | €9,313 | -€1,406 | -13.1% |
| Non-recurring operating charges | 66A | €3,066 | €180,460 | +€177,393 | +5,786% |
| Gross operating margin | 9900 | €3,604,864 | €3,799,268 | +€194,404 | +5.4% |
| Operating profit (loss) | 9901 | €85,706 | €21,864 | -€63,841 | -74.5% |
| Financial income | 75/76B | €41,986 | €14,108 | -€27,877 | -66.4% |
| Recurring financial income | 75 | €41,986 | €14,108 | -€27,877 | -66.4% |
| Financial charges | 65/66B | €1,347 | €1,017 | -€330 | -24.5% |
| Recurring financial charges | 65 | €1,347 | €1,017 | -€330 | -24.5% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €126,345 | €34,956 | -€91,389 | -72.3% |
| Income taxes | 67/77 | €14,298 | €4,614 | -€9,685 | -67.7% |
| Profit (loss) for the period | 9904 | €112,047 | €30,342 | -€81,704 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €112,047 | €30,342 | -€81,704 | -72.9% |
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.