belbi: 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.
belbi
Largest movements
- Cash +€24,405
up €24,405 (+78.9%), from €30,914 to €55,319
mainly Depreciation (+€25,792) and Trade debts (+€13,686)
- Tangible fixed assets -€21,205
down €21,205 (-4.5%), from €471,142 to €449,937
of which Land and buildings: -€15,484
- Stocks and contracts +€6,500
up €6,500 (+108.3%), from €6,000 to €12,500
- Debts after one year -€26,156
down €26,156 (-14.3%), from €182,734 to €156,579
- Trade debts +€13,686
up €13,686 (+52.4%), from €26,124 to €39,811
- Other debts +€11,755
up €11,755 (+18.6%), from €63,273 to €75,029
- Profit (loss) carried forward +€11,713
up €11,713 (+15.1%), from €77,608 to €89,321
- Financial charges -€6,075
down €6,075 (-56.6%), from €10,734 to €4,658
- Gross operating margin -€5,325
down €5,325 (-9.9%), from €53,518 to €48,194
- Depreciation -€2,312
down €2,312 (-8.2%), from €28,104 to €25,792
- Staff costs +€588
new in 2025: €588
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 | €543,526 | €551,514 | +€7,988 | +1.5% |
| Fixed assets | 21/28 | €471,271 | €450,067 | -€21,205 | -4.5% |
| Tangible fixed assets | 22/27 | €471,142 | €449,937 | -€21,205 | -4.5% |
| Land and buildings | 22 | €457,228 | €441,744 | -€15,484 | -3.4% |
| Plant, machinery and equipment | 23 | €11,328 | €6,817 | -€4,511 | -39.8% |
| Furniture and vehicles | 24 | €2,586 | €1,376 | -€1,210 | -46.8% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €72,255 | €101,448 | +€29,193 | +40.4% |
| Stocks and contracts in progress | 3 | €6,000 | €12,500 | +€6,500 | +108.3% |
| Stocks | 30/36 | €6,000 | €12,500 | +€6,500 | +108.3% |
| Amounts receivable within one year | 40/41 | €33,986 | €32,503 | -€1,484 | -4.4% |
| Trade receivables | 40 | €33,696 | €32,325 | -€1,371 | -4.1% |
| Other amounts receivable | 41 | €291 | €178 | -€113 | -38.9% |
| Cash at bank and in hand | 54/58 | €30,914 | €55,319 | +€24,405 | +78.9% |
| Deferred charges and accrued income | 490/1 | €1,354 | €1,126 | -€228 | -16.8% |
| Total equity and liabilities | 10/49 | €543,526 | €551,514 | +€7,988 | +1.5% |
| Equity | 10/15 | €229,968 | €239,205 | +€9,237 | +4.0% |
| Contributions | 10/11 | €25,533 | €25,533 | = | 0.0% |
| Reserves | 13 | €126,827 | €124,351 | -€2,476 | -2.0% |
| Non-distributable reserves | 130/1 | €1,281 | €1,281 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €1,281 | €1,281 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,409 | €22,934 | -€2,476 | -9.7% |
| Distributable reserves | 133 | €100,136 | €100,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,608 | €89,321 | +€11,713 | +15.1% |
| Provisions and deferred taxes | 16 | €6,119 | €5,294 | -€825 | -13.5% |
| Deferred taxes | 168 | €6,119 | €5,294 | -€825 | -13.5% |
| Amounts payable | 17/49 | €307,439 | €307,015 | -€424 | -0.1% |
| Amounts payable after more than one year | 17 | €182,734 | €156,579 | -€26,156 | -14.3% |
| Financial debts | 170/4 | €182,734 | €156,579 | -€26,156 | -14.3% |
| Amounts payable within one year | 42/48 | €124,704 | €150,437 | +€25,732 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €25,823 | €26,156 | +€333 | +1.3% |
| Trade debts | 44 | €26,124 | €39,811 | +€13,686 | +52.4% |
| Suppliers | 440/4 | €26,124 | €39,811 | +€13,686 | +52.4% |
| Taxes, remuneration and social security | 45 | €9,483 | €9,441 | -€42 | -0.4% |
| Taxes | 450/3 | €9,483 | €9,441 | -€42 | -0.4% |
| Other amounts payable | 47/48 | €63,273 | €75,029 | +€11,755 | +18.6% |
| Remuneration, social security and pensions | 62 | - | €588 | +€588 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,104 | €25,792 | -€2,312 | -8.2% |
| Other operating charges | 640/8 | €5,238 | €5,730 | +€493 | +9.4% |
| Gross operating margin | 9900 | €53,518 | €48,194 | -€5,325 | -9.9% |
| Operating profit (loss) | 9901 | €20,177 | €16,083 | -€4,093 | -20.3% |
| Financial income | 75/76B | €23 | €6 | -€18 | -76.2% |
| Recurring financial income | 75 | €23 | €6 | -€18 | -76.2% |
| Financial charges | 65/66B | €10,734 | €4,658 | -€6,075 | -56.6% |
| Recurring financial charges | 65 | €10,734 | €4,658 | -€6,075 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | €9,466 | €11,430 | +€1,964 | +20.7% |
| Transfer from deferred taxes | 780 | €934 | €825 | -€108 | -11.6% |
| Income taxes | 67/77 | €2,897 | €3,018 | +€121 | +4.2% |
| Profit (loss) for the period | 9904 | €7,503 | €9,237 | +€1,734 | +23.1% |
| Transfer from tax-exempt reserves | 789 | €2,801 | €2,476 | -€325 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,303 | €11,713 | +€1,409 | +13.7% |
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 11 October 2026 via checked.be.