BELAIRBUS: what changed
What changed
BELAIRBUS
NACE 73.200, Market research and public opinion polling
filed annual accounts (NBB)
Net result for the year
-€51,070
2024 · -€99,150+€48,079
Equity
€1.1m
2024 · €1.2m-€51,070
Cash
€210,113
2024 · €46,920+€163,193
Balance sheet total
€1.1m
2024 · €2.4m-€1.3m
Largest movements
Assets
- Receivables within one year -€863,389
down €863,389 (-97.5%), from €885,346 to €21,957
of which Trade receivables: -€862,308
- Current investments -€550,000
down €550,000 (-37.9%), from €1.5m to €900,000
- Cash +€163,193
up €163,193 (+348%), from €46,920 to €210,113
mainly Receivables within one year (+€863,389) and Current investments (+€550,000)
Equity and liabilities
- Trade debts -€881,938
down €881,938 (-99.2%), from €888,651 to €6,713
- Provisions -€312,270
no longer reported in 2025 (was €312,270)
- Profit (loss) carried forward -€51,070
down €51,070 (-7.4%), from €689,139 to €638,069
Income statement
- Turnover -€320,676
no longer reported in 2025 (was €320,676)
- Goods and materials -€216,764
no longer reported in 2025 (was €216,764)
- Staff costs -€41,229
down €41,229 (-43.0%), from €95,971 to €54,743
- Other operating income +€41,082
up €41,082 (+8,835%), from €465 to €41,547
- Depreciation -€28,204
no longer reported in 2025 (was €28,204)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€99,150
Turnover
-€320,676
Other operating income
+€41,082
Goods and materials
+€216,764
Services and other goods
+€19,152
Staff costs
+€41,229
Depreciation
+€28,204
Other operating charges
+€1,164
Other operating items
+€136
Financial income
+€11,729
Financial charges
+€9,261
Taxes
+€34
Result 2025
-€51,070
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€387,056
Investment
+€550,248
Financing
€0
Cash 2024
€46,920
From operations (derived)
-€387,056
Net result for the year
-€51,070
Receivables within one year
+€863,389
Deferred charges and accrued income
+€9,880
Provisions
-€312,270
Trade debts
-€881,938
Tax, wage and social debts
-€11,052
Other debts
+€2,149
Accrued charges and deferred income
-€6,144
Investment (derived)
+€550,248
Investment in fixed assets (net)
+€248
Current investments
+€550,000
Cash 2025
€210,113
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,408,651 | €1,148,326 | -€1.3m | -52.3% |
| Fixed assets | 21/28 | €492 | €244 | -€248 | -50.4% |
| Tangible fixed assets | 22/27 | €428 | - | -€428 | |
| Furniture and vehicles | 24 | €428 | - | -€428 | |
| Financial fixed assets | 28 | €64 | €244 | +€180 | +279% |
| Other financial fixed assets | 284/8 | €64 | €244 | +€180 | +279% |
| Amounts receivable and cash guarantees | 285/8 | €64 | €244 | +€180 | +279% |
| Current assets | 29/58 | €2,408,158 | €1,148,082 | -€1.3m | -52.3% |
| Amounts receivable within one year | 40/41 | €885,346 | €21,957 | -€863,389 | -97.5% |
| Trade receivables | 40 | €862,479 | €171 | -€862,308 | -100.0% |
| Other amounts receivable | 41 | €22,867 | €21,786 | -€1,081 | -4.7% |
| Current investments | 50/53 | €1,450,000 | €900,000 | -€550,000 | -37.9% |
| Other investments | 51/53 | €1,450,000 | €900,000 | -€550,000 | -37.9% |
| Cash at bank and in hand | 54/58 | €46,920 | €210,113 | +€163,193 | +348% |
| Deferred charges and accrued income | 490/1 | €25,892 | €16,012 | -€9,880 | -38.2% |
| Total equity and liabilities | 10/49 | €2,408,651 | €1,148,326 | -€1.3m | -52.3% |
| Equity | 10/15 | €1,184,926 | €1,133,856 | -€51,070 | -4.3% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €1,239,468 | €1,239,468 | = | 0.0% |
| Uncalled capital | 101 | €867,627 | €867,627 | = | 0.0% |
| Reserves | 13 | €123,947 | €123,947 | = | 0.0% |
| Non-distributable reserves | 130/1 | €123,947 | €123,947 | = | 0.0% |
| Legal reserve | 130 | €123,947 | €123,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | €689,139 | €638,069 | -€51,070 | -7.4% |
| Provisions and deferred taxes | 16 | €312,270 | - | -€312,270 | |
| Provisions for liabilities and charges | 160/5 | €312,270 | - | -€312,270 | |
| Other liabilities and charges | 164/5 | €312,270 | - | -€312,270 | |
| Amounts payable | 17/49 | €911,455 | €14,471 | -€896,985 | -98.4% |
| Amounts payable within one year | 42/48 | €904,200 | €13,359 | -€890,841 | -98.5% |
| Trade debts | 44 | €888,651 | €6,713 | -€881,938 | -99.2% |
| Suppliers | 440/4 | €888,651 | €6,713 | -€881,938 | -99.2% |
| Taxes, remuneration and social security | 45 | €11,052 | - | -€11,052 | |
| Taxes | 450/3 | €265 | - | -€265 | |
| Remuneration and social security | 454/9 | €10,788 | - | -€10,788 | |
| Other amounts payable | 47/48 | €4,497 | €6,646 | +€2,149 | +47.8% |
| Accrued charges and deferred income | 492/3 | €7,255 | €1,112 | -€6,144 | -84.7% |
| Operating income | 70/76A | €321,431 | €355,341 | +€33,910 | +10.5% |
| Turnover | 70 | €320,676 | - | -€320,676 | |
| Other operating income | 74 | €465 | €41,547 | +€41,082 | +8,835% |
| Non-recurring operating income | 76A | €289 | €313,794 | +€313,505 | +108,382% |
| Operating charges | 60/66A | €430,361 | €437,216 | +€6,855 | +1.6% |
| Goods for resale, raw materials and consumables | 60 | €216,764 | - | -€216,764 | |
| Purchases | 600/8 | €216,764 | - | -€216,764 | |
| Services and other goods | 61 | €87,009 | €67,857 | -€19,152 | -22.0% |
| Remuneration, social security and pensions | 62 | €95,971 | €54,743 | -€41,229 | -43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,204 | - | -€28,204 | |
| Other operating charges | 640/8 | €2,413 | €1,248 | -€1,164 | -48.3% |
| Non-recurring operating charges | 66A | - | €313,369 | +€313,369 | |
| Operating profit (loss) | 9901 | -€108,930 | -€81,876 | +€27,055 | +24.8% |
| Financial income | 75/76B | €21,659 | €33,388 | +€11,729 | +54.2% |
| Recurring financial income | 75 | €21,659 | €33,388 | +€11,729 | +54.2% |
| Income from current assets | 751 | €20,393 | €24,336 | +€3,943 | +19.3% |
| Other financial income | 752/9 | €1,265 | €9,052 | +€7,786 | +615% |
| Financial charges | 65/66B | €11,613 | €2,353 | -€9,261 | -79.7% |
| Recurring financial charges | 65 | €11,613 | €2,353 | -€9,261 | -79.7% |
| Other financial charges | 652/9 | €11,613 | €2,353 | -€9,261 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | -€98,885 | -€50,840 | +€48,045 | +48.6% |
| Income taxes | 67/77 | €265 | €230 | -€34 | -13.0% |
| Taxes | 670/3 | €265 | €230 | -€34 | -13.0% |
| Profit (loss) for the period | 9904 | -€99,150 | -€51,070 | +€48,079 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,150 | -€51,070 | +€48,079 | +48.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.