BELALI: 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.
BELALI
Largest movements
- Tangible fixed assets -€7,515
down €7,515 (-9.8%), from €76,425 to €68,911
of which Furniture and vehicles: -€6,147
- Receivables within one year -€3,151
down €3,151 (-23.4%), from €13,482 to €10,331
of which Trade receivables: -€4,864
- Cash +€1,023
up €1,023 (+84.3%), from €1,214 to €2,237
mainly Depreciation (+€7,515) and Other debts (+€5,041)
- Trade debts -€7,385
down €7,385 (-94.3%), from €7,835 to €450
- Other debts +€5,041
up €5,041 (+6.3%), from €79,846 to €84,888
- Profit (loss) carried forward -€4,298
down €4,298 (-23.7%), from -€18,160 to -€22,458
- Tax, wage and social debts -€3,000
no longer reported in 2025 (was €3,000)
- Gross operating margin +€6,619
up €6,619, from -€3,243 to €3,376
- Other operating charges -€2,615
down €2,615 (-95.7%), from €2,733 to €118
- Depreciation +€37
up €37 (+0.5%), from €7,477 to €7,515
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 | €91,121 | €81,479 | -€9,642 | -10.6% |
| Fixed assets | 21/28 | €76,425 | €68,911 | -€7,515 | -9.8% |
| Tangible fixed assets | 22/27 | €76,425 | €68,911 | -€7,515 | -9.8% |
| Land and buildings | 22 | €56,739 | €55,372 | -€1,367 | -2.4% |
| Furniture and vehicles | 24 | €19,686 | €13,539 | -€6,147 | -31.2% |
| Current assets | 29/58 | €14,696 | €12,568 | -€2,128 | -14.5% |
| Amounts receivable within one year | 40/41 | €13,482 | €10,331 | -€3,151 | -23.4% |
| Trade receivables | 40 | €11,903 | €7,039 | -€4,864 | -40.9% |
| Other amounts receivable | 41 | €1,580 | €3,293 | +€1,713 | +108.5% |
| Cash at bank and in hand | 54/58 | €1,214 | €2,237 | +€1,023 | +84.3% |
| Total equity and liabilities | 10/49 | €91,121 | €81,479 | -€9,642 | -10.6% |
| Equity | 10/15 | €440 | -€3,858 | -€4,298 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,160 | -€22,458 | -€4,298 | -23.7% |
| Amounts payable | 17/49 | €90,681 | €85,338 | -€5,344 | -5.9% |
| Amounts payable within one year | 42/48 | €90,681 | €85,338 | -€5,344 | -5.9% |
| Trade debts | 44 | €7,835 | €450 | -€7,385 | -94.3% |
| Suppliers | 440/4 | €7,835 | €450 | -€7,385 | -94.3% |
| Taxes, remuneration and social security | 45 | €3,000 | - | -€3,000 | |
| Taxes | 450/3 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €79,846 | €84,888 | +€5,041 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,477 | €7,515 | +€37 | +0.5% |
| Other operating charges | 640/8 | €2,733 | €118 | -€2,615 | -95.7% |
| Gross operating margin | 9900 | -€3,243 | €3,376 | +€6,619 | |
| Operating profit (loss) | 9901 | -€13,453 | -€4,256 | +€9,196 | +68.4% |
| Financial income | 75/76B | €0 | €4 | +€4 | +40000.0% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +40000.0% |
| Financial charges | 65/66B | €50 | €46 | -€4 | -7.7% |
| Recurring financial charges | 65 | €50 | €46 | -€4 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,503 | -€4,298 | +€9,204 | +68.2% |
| Profit (loss) for the period | 9904 | -€13,503 | -€4,298 | +€9,204 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,503 | -€4,298 | +€9,204 | +68.2% |
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 5 October 2026 via checked.be.