BELARIS: 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.
BELARIS
Largest movements
- Receivables within one year +€5,156
up €5,156 (+51.7%), from €9,966 to €15,122
of which Other amounts receivable: +€7,284
- Tangible fixed assets +€2,064
up €2,064 (+96.2%), from €2,146 to €4,210
- Cash -€782
down €782 (-10.4%), from €7,510 to €6,728
mainly Receivables within one year (-€5,156) and Investment in fixed assets (net) (-€3,280)
- Deferred charges and accrued income +€683
new in 2025: €683
- Trade debts +€5,786
up €5,786 (+491.1%), from €1,178 to €6,964
- Profit (loss) carried forward +€2,378
up €2,378 (+22.2%), from €10,730 to €13,108
- Tax, wage and social debts -€1,388
down €1,388 (-26.7%), from €5,203 to €3,814
of which Remuneration and social security: -€2,500
- Other debts +€346
up €346 (+67.8%), from €511 to €857
- Gross operating margin -€7,186
down €7,186 (-53.4%), from €13,467 to €6,281
- Taxes -€1,591
down €1,591 (-58.9%), from €2,703 to €1,112
- Financial charges +€1,424
new in 2025: €1,424
- Depreciation +€1,155
up €1,155 (+1891.8%), from €61 to €1,216
- Other operating charges +€155
new in 2025: €155
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 | €19,622 | €26,743 | +€7,121 | +36.3% |
| Fixed assets | 21/28 | €2,146 | €4,210 | +€2,064 | +96.2% |
| Tangible fixed assets | 22/27 | €2,146 | €4,210 | +€2,064 | +96.2% |
| Plant, machinery and equipment | 23 | €2,146 | €4,210 | +€2,064 | +96.2% |
| Current assets | 29/58 | €17,476 | €22,533 | +€5,057 | +28.9% |
| Amounts receivable within one year | 40/41 | €9,966 | €15,122 | +€5,156 | +51.7% |
| Trade receivables | 40 | €9,200 | €7,072 | -€2,128 | -23.1% |
| Other amounts receivable | 41 | €766 | €8,050 | +€7,284 | +950.7% |
| Cash at bank and in hand | 54/58 | €7,510 | €6,728 | -€782 | -10.4% |
| Deferred charges and accrued income | 490/1 | - | €683 | +€683 | |
| Total equity and liabilities | 10/49 | €19,622 | €26,743 | +€7,121 | +36.3% |
| Equity | 10/15 | €12,730 | €15,108 | +€2,378 | +18.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,730 | €13,108 | +€2,378 | +22.2% |
| Amounts payable | 17/49 | €6,891 | €11,635 | +€4,744 | +68.8% |
| Amounts payable within one year | 42/48 | €6,891 | €11,635 | +€4,744 | +68.8% |
| Trade debts | 44 | €1,178 | €6,964 | +€5,786 | +491.1% |
| Suppliers | 440/4 | €1,178 | €6,964 | +€5,786 | +491.1% |
| Taxes, remuneration and social security | 45 | €5,203 | €3,814 | -€1,388 | -26.7% |
| Taxes | 450/3 | €2,703 | €3,814 | +€1,112 | +41.1% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €511 | €857 | +€346 | +67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61 | €1,216 | +€1,155 | +1891.8% |
| Other operating charges | 640/8 | - | €155 | +€155 | |
| Gross operating margin | 9900 | €13,467 | €6,281 | -€7,186 | -53.4% |
| Operating profit (loss) | 9901 | €13,406 | €4,910 | -€8,496 | -63.4% |
| Financial income | 75/76B | €27 | €4 | -€24 | -86.7% |
| Recurring financial income | 75 | €27 | €4 | -€24 | -86.7% |
| Financial charges | 65/66B | - | €1,424 | +€1,424 | |
| Recurring financial charges | 65 | - | €1,424 | +€1,424 | |
| Profit (loss) for the period before taxes | 9903 | €13,433 | €3,489 | -€9,944 | -74.0% |
| Income taxes | 67/77 | €2,703 | €1,112 | -€1,591 | -58.9% |
| Profit (loss) for the period | 9904 | €10,730 | €2,378 | -€8,353 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,730 | €2,378 | -€8,353 | -77.8% |
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 7 October 2026 via checked.be.