BELAUCIOUS: 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.
BELAUCIOUS
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€112,555
up €112,555 (+3662.6%), from €3,073 to €115,628
- Debts after one year -€82,363
down €82,363 (-22.6%), from €364,439 to €282,076
of which Financial debts: -€48,363
- Profit (loss) carried forward -€30,701
down €30,701 (-22.9%), from €134,284 to €103,583
- Financial income +€45,000
up €45,000 (+90.0%), from €49,980 to €94,980
- Gross operating margin +€2,155
up €2,155 (+9.1%), from €23,724 to €25,879
- Financial charges -€1,560
down €1,560 (-11.0%), from €14,217 to €12,658
- Taxes +€1,219
up €1,219 (+41.6%), from €2,934 to €4,153
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 | €665,078 | €661,297 | -€3,781 | -0.6% |
| Formation expenses | 20 | €699 | €349 | -€350 | -50.0% |
| Fixed assets | 21/28 | €599,253 | €599,253 | = | 0.0% |
| Financial fixed assets | 28 | €599,253 | €599,253 | = | 0.0% |
| Current assets | 29/58 | €65,125 | €61,694 | -€3,431 | -5.3% |
| Amounts receivable within one year | 40/41 | €10,364 | €10,384 | +€20 | +0.2% |
| Trade receivables | 40 | €10,364 | €10,384 | +€20 | +0.2% |
| Cash at bank and in hand | 54/58 | €54,761 | €51,310 | -€3,451 | -6.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €665,078 | €661,297 | -€3,781 | -0.6% |
| Equity | 10/15 | €234,284 | €203,583 | -€30,701 | -13.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,284 | €103,583 | -€30,701 | -22.9% |
| Amounts payable | 17/49 | €430,794 | €457,714 | +€26,920 | +6.2% |
| Amounts payable after more than one year | 17 | €364,439 | €282,076 | -€82,363 | -22.6% |
| Financial debts | 170/4 | €216,439 | €168,076 | -€48,363 | -22.3% |
| Other amounts payable | 178/9 | €148,000 | €114,000 | -€34,000 | -23.0% |
| Amounts payable within one year | 42/48 | €62,466 | €171,980 | +€109,514 | +175.3% |
| Current portion of amounts payable after more than one year | 42 | €47,488 | €48,363 | +€874 | +1.8% |
| Trade debts | 44 | €1,338 | €268 | -€1,069 | -79.9% |
| Suppliers | 440/4 | €1,338 | €268 | -€1,069 | -79.9% |
| Taxes, remuneration and social security | 45 | €10,567 | €7,721 | -€2,845 | -26.9% |
| Taxes | 450/3 | €10,567 | €7,721 | -€2,845 | -26.9% |
| Other amounts payable | 47/48 | €3,073 | €115,628 | +€112,555 | +3662.6% |
| Accrued charges and deferred income | 492/3 | €3,889 | €3,657 | -€232 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350 | €350 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €23,724 | €25,879 | +€2,155 | +9.1% |
| Operating profit (loss) | 9901 | €22,987 | €25,130 | +€2,143 | +9.3% |
| Financial income | 75/76B | €49,980 | €94,980 | +€45,000 | +90.0% |
| Recurring financial income | 75 | €49,980 | €94,980 | +€45,000 | +90.0% |
| Financial charges | 65/66B | €14,217 | €12,658 | -€1,560 | -11.0% |
| Recurring financial charges | 65 | €14,217 | €12,658 | -€1,560 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €58,750 | €107,452 | +€48,702 | +82.9% |
| Income taxes | 67/77 | €2,934 | €4,153 | +€1,219 | +41.6% |
| Profit (loss) for the period | 9904 | €55,816 | €103,299 | +€47,483 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,816 | €103,299 | +€47,483 | +85.1% |
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 10 October 2026 via checked.be.