BELARE: 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.
BELARE
Largest movements
- Receivables within one year +€359,201
up €359,201 (+70.8%), from €507,697 to €866,898
of which Trade receivables: +€400,776
- Cash -€101,134
down €101,134 (-87.6%), from €115,476 to €14,342
mainly Receivables within one year (-€359,201) and Deferred charges and accrued income (-€24,067)
- Deferred charges and accrued income +€24,067
up €24,067 (+62.1%), from €38,786 to €62,853
- Debts within one year +€282,134
up €282,134 (+42.6%), from €662,001 to €944,135
- Turnover +€189,791
up €189,791 (+4.9%), from €3.9m to €4.1m
- Purchases and services +€167,256
up €167,256 (+4.3%), from €3.9m to €4.0m
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 | €662,009 | €944,143 | +€282,134 | +42.6% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €661,959 | €944,093 | +€282,134 | +42.6% |
| Amounts receivable within one year | 40/41 | €507,697 | €866,898 | +€359,201 | +70.8% |
| Trade receivables | 40 | €369,924 | €770,700 | +€400,776 | +108.3% |
| Other amounts receivable | 41 | €137,773 | €96,198 | -€41,575 | -30.2% |
| Cash at bank and in hand | 54/58 | €115,476 | €14,342 | -€101,134 | -87.6% |
| Deferred charges and accrued income | 490/1 | €38,786 | €62,853 | +€24,067 | +62.1% |
| Total equity and liabilities | 10/49 | €662,009 | €944,143 | +€282,134 | +42.6% |
| Equity | 10/15 | €8 | €8 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8 | €8 | = | 0.0% |
| Investment grants | 15 | €0 | €0 | = | |
| Amounts payable | 17/49 | €662,001 | €944,135 | +€282,134 | +42.6% |
| Amounts payable within one year | 42/48 | €662,001 | €944,135 | +€282,134 | +42.6% |
| Trade debts | 44 | €113,132 | €943,397 | +€830,265 | +733.9% |
| Suppliers | 440/4 | €113,132 | €943,397 | +€830,265 | +733.9% |
| Turnover | 70 | €3,861,109 | €4,050,900 | +€189,791 | +4.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,866,361 | €4,033,617 | +€167,256 | +4.3% |
| Remuneration, social security and pensions | 62 | - | €18,246 | +€18,246 | |
| Gross operating margin | 9900 | €0 | €18,246 | +€18,246 | |
| Operating profit (loss) | 9901 | €0 | €0 | = | |
| Financial charges | 65/66B | €0 | - | = | |
| Recurring financial charges | 65 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | €0 | = |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.