BELASSET02: 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.
BELASSET02
Largest movements
- Tangible fixed assets -€52,393
down €52,393 (-4.4%), from €1.2m to €1.1m
- Cash -€14,746
down €14,746 (-97.0%), from €15,198 to €452
mainly Debts after one year (-€65,957) and Receivables within one year (-€3,425)
- Debts after one year -€65,957
down €65,957 (-7.9%), from €830,330 to €764,373
- Gross operating margin -€15,263
down €15,263 (-15.7%), from €97,211 to €81,948
- Purchases and services +€11,798
up €11,798 (+150.5%), from €7,838 to €19,637
- Turnover -€3,465
down €3,465 (-3.3%), from €105,049 to €101,584
- Financial charges -€1,272
down €1,272 (-5.8%), from €21,892 to €20,620
- Other operating charges +€1,070
up €1,070 (+8.7%), from €12,315 to €13,384
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 | €1,207,739 | €1,144,025 | -€63,714 | -5.3% |
| Fixed assets | 21/28 | €1,190,676 | €1,138,282 | -€52,393 | -4.4% |
| Tangible fixed assets | 22/27 | €1,190,676 | €1,138,282 | -€52,393 | -4.4% |
| Land and buildings | 22 | €1,190,676 | €1,138,282 | -€52,393 | -4.4% |
| Current assets | 29/58 | €17,063 | €5,742 | -€11,321 | -66.3% |
| Amounts receivable within one year | 40/41 | €1,865 | €5,290 | +€3,425 | +183.7% |
| Trade receivables | 40 | €1,865 | - | -€1,865 | |
| Other amounts receivable | 41 | - | €5,290 | +€5,290 | |
| Cash at bank and in hand | 54/58 | €15,198 | €452 | -€14,746 | -97.0% |
| Total equity and liabilities | 10/49 | €1,207,739 | €1,144,025 | -€63,714 | -5.3% |
| Equity | 10/15 | €49,458 | €46,046 | -€3,412 | -6.9% |
| Contributions | 10/11 | €49,800 | €49,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€342 | -€3,754 | -€3,412 | -998.1% |
| Amounts payable | 17/49 | €1,158,281 | €1,097,978 | -€60,302 | -5.2% |
| Amounts payable after more than one year | 17 | €830,330 | €764,373 | -€65,957 | -7.9% |
| Financial debts | 170/4 | €830,330 | €764,373 | -€65,957 | -7.9% |
| Amounts payable within one year | 42/48 | €327,950 | €333,605 | +€5,655 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €59,738 | €61,057 | +€1,319 | +2.2% |
| Trade debts | 44 | €1,679 | €716 | -€964 | -57.4% |
| Suppliers | 440/4 | €1,679 | €716 | -€964 | -57.4% |
| Other amounts payable | 47/48 | €266,533 | €271,833 | +€5,300 | +2.0% |
| Turnover | 70 | €105,049 | €101,584 | -€3,465 | -3.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,838 | €19,637 | +€11,798 | +150.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,443 | €52,393 | -€49 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,038 | -€1,038 | |
| Other operating charges | 640/8 | €12,315 | €13,384 | +€1,070 | +8.7% |
| Gross operating margin | 9900 | €97,211 | €81,948 | -€15,263 | -15.7% |
| Operating profit (loss) | 9901 | €32,454 | €17,208 | -€15,245 | -47.0% |
| Financial charges | 65/66B | €21,892 | €20,620 | -€1,272 | -5.8% |
| Recurring financial charges | 65 | €21,892 | €20,620 | -€1,272 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €10,562 | -€3,412 | -€13,973 | |
| Profit (loss) for the period | 9904 | €10,562 | -€3,412 | -€13,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,562 | -€3,412 | -€13,973 |
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 8 October 2026 via checked.be.