BELASSET01: 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.
BELASSET01
Largest movements
- Intangible fixed assets -€403,893
no longer reported in 2025 (was €403,893)
- Tangible fixed assets -€198,346
down €198,346 (-5.4%), from €3.7m to €3.5m
of which Land and buildings: -€199,942
- Receivables within one year +€84,354
up €84,354 (+43.3%), from €194,948 to €279,302
of which Other amounts receivable: +€87,399
- Cash -€73,232
down €73,232 (-67.1%), from €109,147 to €35,915
mainly Net result for the year (-€418,222) and Debts after one year (-€140,857)
- Profit (loss) carried forward -€404,423
down €404,423 (-24.4%), from -€1.7m to -€2.1m
- Debts after one year -€140,857
down €140,857 (-10.0%), from €1.4m to €1.3m
- Gross operating margin +€56,961
up €56,961 (+26.3%), from €216,576 to €273,538
- Turnover +€50,317
up €50,317 (+19.7%), from €255,584 to €305,901
- Depreciation +€33,341
up €33,341 (+5.8%), from €571,317 to €604,658
- Purchases and services -€6,645
down €6,645 (-17.0%), from €39,008 to €32,363
- Other operating charges +€5,284
up €5,284 (+20.8%), from €25,397 to €30,681
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,365,219 | €3,774,111 | -€591,108 | -13.5% |
| Fixed assets | 21/28 | €4,060,942 | €3,458,704 | -€602,238 | -14.8% |
| Intangible fixed assets | 21 | €403,893 | - | -€403,893 | |
| Tangible fixed assets | 22/27 | €3,657,050 | €3,458,704 | -€198,346 | -5.4% |
| Land and buildings | 22 | €3,656,226 | €3,456,284 | -€199,942 | -5.5% |
| Furniture and vehicles | 24 | €824 | €2,420 | +€1,596 | +194% |
| Current assets | 29/58 | €304,276 | €315,407 | +€11,130 | +3.7% |
| Amounts receivable within one year | 40/41 | €194,948 | €279,302 | +€84,354 | +43.3% |
| Trade receivables | 40 | €3,070 | €26 | -€3,045 | -99.2% |
| Other amounts receivable | 41 | €191,878 | €279,277 | +€87,399 | +45.5% |
| Cash at bank and in hand | 54/58 | €109,147 | €35,915 | -€73,232 | -67.1% |
| Deferred charges and accrued income | 490/1 | €181 | €190 | +€9 | +4.8% |
| Total equity and liabilities | 10/49 | €4,365,219 | €3,774,111 | -€591,108 | -13.5% |
| Equity | 10/15 | €2,465,591 | €2,047,369 | -€418,222 | -17.0% |
| Contributions | 10/11 | €1,374,800 | €1,374,800 | = | 0.0% |
| Revaluation surpluses | 12 | €2,582,678 | €2,582,678 | = | 0.0% |
| Reserves | 13 | €162,849 | €149,050 | -€13,799 | -8.5% |
| Non-distributable reserves | 130/1 | €162,849 | - | -€162,849 | |
| Other | 1319 | €162,849 | - | -€162,849 | |
| Tax-exempt reserves | 132 | - | €149,050 | +€149,050 | |
| Profit (loss) carried forward | 14 | -€1,654,735 | -€2,059,158 | -€404,423 | -24.4% |
| Provisions and deferred taxes | 16 | €297,140 | €292,539 | -€4,600 | -1.5% |
| Deferred taxes | 168 | €297,140 | €292,539 | -€4,600 | -1.5% |
| Amounts payable | 17/49 | €1,602,488 | €1,434,202 | -€168,286 | -10.5% |
| Amounts payable after more than one year | 17 | €1,411,910 | €1,271,053 | -€140,857 | -10.0% |
| Financial debts | 170/4 | €1,411,910 | €1,271,053 | -€140,857 | -10.0% |
| Amounts payable within one year | 42/48 | €164,646 | €155,454 | -€9,192 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €139,208 | €140,967 | +€1,759 | +1.3% |
| Trade debts | 44 | €8,420 | €71 | -€8,349 | -99.2% |
| Suppliers | 440/4 | €8,420 | €71 | -€8,349 | -99.2% |
| Taxes, remuneration and social security | 45 | €17,019 | €14,417 | -€2,602 | -15.3% |
| Taxes | 450/3 | €17,019 | €14,417 | -€2,602 | -15.3% |
| Accrued charges and deferred income | 492/3 | €25,932 | €7,695 | -€18,237 | -70.3% |
| Turnover | 70 | €255,584 | €305,901 | +€50,317 | +19.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €39,008 | €32,363 | -€6,645 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €571,317 | €604,658 | +€33,341 | +5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,655 | +€4,655 | |
| Other operating charges | 640/8 | €25,397 | €30,681 | +€5,284 | +20.8% |
| Gross operating margin | 9900 | €216,576 | €273,538 | +€56,961 | +26.3% |
| Operating profit (loss) | 9901 | -€380,137 | -€366,456 | +€13,681 | +3.6% |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €20,155 | €18,275 | -€1,879 | -9.3% |
| Recurring financial charges | 65 | €20,155 | €18,275 | -€1,879 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | -€400,292 | -€384,665 | +€15,627 | +3.9% |
| Transfer from deferred taxes | 780 | €772 | €4,600 | +€3,828 | +496% |
| Income taxes | 67/77 | €38,927 | €38,157 | -€769 | -2.0% |
| Profit (loss) for the period | 9904 | -€438,447 | -€418,222 | +€20,225 | +4.6% |
| Transfer from tax-exempt reserves | 789 | €2,316 | €13,799 | +€11,483 | +496% |
| Profit (loss) for the period to be appropriated | 9905 | -€436,131 | -€404,423 | +€31,708 | +7.3% |
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 1 November 2026 via checked.be.