BELBAN: 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.
BELBAN
Largest movements
- Cash +€30,610
up €30,610 (+162.8%), from €18,802 to €49,412
mainly Trade debts (+€31,421) and Net result for the year (+€1,500)
- Receivables within one year +€2,801
up €2,801 (+113.4%), from €2,471 to €5,272
of which Trade receivables: +€2,570
- Trade debts +€31,421
up €31,421 (+370.2%), from €8,487 to €39,909
- Profit (loss) carried forward +€1,500
up €1,500 (+8.9%), from -€16,864 to -€15,364
- Taxes +€1,711
new in 2025: €1,711
- Gross operating margin -€1,069
down €1,069 (-13.3%), from €8,013 to €6,944
- Financial charges +€313
up €313 (+33.9%), from €921 to €1,233
- Depreciation -€141
no longer reported in 2025 (was €141)
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 | €22,943 | €56,368 | +€33,425 | +145.7% |
| Fixed assets | 21/28 | €42 | €42 | = | 0.0% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Current assets | 29/58 | €22,901 | €56,326 | +€33,425 | +146.0% |
| Stocks and contracts in progress | 3 | €1,174 | €1,174 | = | 0.0% |
| Stocks | 30/36 | €1,174 | €1,174 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,471 | €5,272 | +€2,801 | +113.4% |
| Trade receivables | 40 | - | €2,570 | +€2,570 | |
| Other amounts receivable | 41 | €2,471 | €2,702 | +€231 | +9.4% |
| Cash at bank and in hand | 54/58 | €18,802 | €49,412 | +€30,610 | +162.8% |
| Deferred charges and accrued income | 490/1 | €454 | €468 | +€14 | +3.1% |
| Total equity and liabilities | 10/49 | €22,943 | €56,368 | +€33,425 | +145.7% |
| Equity | 10/15 | €3,597 | €5,096 | +€1,500 | +41.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,864 | -€15,364 | +€1,500 | +8.9% |
| Amounts payable | 17/49 | €19,347 | €51,272 | +€31,925 | +165.0% |
| Amounts payable within one year | 42/48 | €19,347 | €51,272 | +€31,925 | +165.0% |
| Trade debts | 44 | €8,487 | €39,909 | +€31,421 | +370.2% |
| Suppliers | 440/4 | €8,487 | €39,909 | +€31,421 | +370.2% |
| Taxes, remuneration and social security | 45 | €1,750 | €2,254 | +€504 | +28.8% |
| Taxes | 450/3 | - | €504 | +€504 | |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €9,110 | €9,110 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141 | - | -€141 | |
| Other operating charges | 640/8 | €2,500 | €2,500 | = | 0.0% |
| Gross operating margin | 9900 | €8,013 | €6,944 | -€1,069 | -13.3% |
| Operating profit (loss) | 9901 | €5,372 | €4,444 | -€928 | -17.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €921 | €1,233 | +€313 | +33.9% |
| Recurring financial charges | 65 | €921 | €1,233 | +€313 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €4,452 | €3,211 | -€1,241 | -27.9% |
| Income taxes | 67/77 | - | €1,711 | +€1,711 | |
| Profit (loss) for the period | 9904 | €4,452 | €1,500 | -€2,952 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,452 | €1,500 | -€2,952 | -66.3% |
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 6 October 2026 via checked.be.