BELEBA: 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.
BELEBA
Largest movements
- Cash -€23,017
down €23,017 (-64.8%), from €35,531 to €12,514
mainly Net result for the year (-€19,173) and Debts after one year (-€13,050)
- Tangible fixed assets -€15,471
down €15,471 (-9.8%), from €157,505 to €142,034
of which Furniture and vehicles: -€9,491
- Receivables within one year -€3,175
down €3,175 (-84.2%), from €3,771 to €597
of which Trade receivables: -€1,823
- Profit (loss) carried forward -€19,173
down €19,173 (-881%), from -€2,176 to -€21,349
- Debts after one year -€13,050
down €13,050 (-73.3%), from €17,800 to €4,750
- Current portion of long-term debt -€6,550
down €6,550 (-56.1%), from €11,675 to €5,125
- Gross operating margin -€26,034
down €26,034 (-78.3%), from €33,262 to €7,228
- Financial charges -€1,403
down €1,403 (-71.0%), from €1,977 to €573
- Taxes -€764
down €764 (-69.3%), from €1,102 to €338
- Depreciation -€727
down €727 (-3.6%), from €20,125 to €19,399
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 | €200,686 | €160,903 | -€39,783 | -19.8% |
| Fixed assets | 21/28 | €157,505 | €142,034 | -€15,471 | -9.8% |
| Tangible fixed assets | 22/27 | €157,505 | €142,034 | -€15,471 | -9.8% |
| Land and buildings | 22 | €117,011 | €113,739 | -€3,272 | -2.8% |
| Plant, machinery and equipment | 23 | €29,195 | €26,487 | -€2,707 | -9.3% |
| Furniture and vehicles | 24 | €11,299 | €1,808 | -€9,491 | -84.0% |
| Current assets | 29/58 | €43,181 | €18,869 | -€24,312 | -56.3% |
| Amounts receivable within one year | 40/41 | €3,771 | €597 | -€3,175 | -84.2% |
| Trade receivables | 40 | €1,872 | €48 | -€1,823 | -97.4% |
| Other amounts receivable | 41 | €1,900 | €548 | -€1,351 | -71.1% |
| Cash at bank and in hand | 54/58 | €35,531 | €12,514 | -€23,017 | -64.8% |
| Deferred charges and accrued income | 490/1 | €3,879 | €5,758 | +€1,880 | +48.5% |
| Total equity and liabilities | 10/49 | €200,686 | €160,903 | -€39,783 | -19.8% |
| Equity | 10/15 | €167,974 | €148,801 | -€19,173 | -11.4% |
| Contributions | 10/11 | €136,500 | €136,500 | = | 0.0% |
| Reserves | 13 | €33,650 | €33,650 | = | 0.0% |
| Distributable reserves | 133 | €33,650 | €33,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,176 | -€21,349 | -€19,173 | -881% |
| Amounts payable | 17/49 | €32,712 | €12,102 | -€20,610 | -63.0% |
| Amounts payable after more than one year | 17 | €17,800 | €4,750 | -€13,050 | -73.3% |
| Other amounts payable | 178/9 | €17,800 | €4,750 | -€13,050 | -73.3% |
| Amounts payable within one year | 42/48 | €14,912 | €7,352 | -€7,560 | -50.7% |
| Current portion of amounts payable after more than one year | 42 | €11,675 | €5,125 | -€6,550 | -56.1% |
| Trade debts | 44 | - | €640 | +€640 | |
| Suppliers | 440/4 | - | €640 | +€640 | |
| Taxes, remuneration and social security | 45 | €3,237 | €1,587 | -€1,650 | -51.0% |
| Taxes | 450/3 | €3,237 | €1,587 | -€1,650 | -51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,125 | €19,399 | -€727 | -3.6% |
| Other operating charges | 640/8 | €5,907 | €6,091 | +€184 | +3.1% |
| Non-recurring operating charges | 66A | €2,700 | - | -€2,700 | |
| Gross operating margin | 9900 | €33,262 | €7,228 | -€26,034 | -78.3% |
| Operating profit (loss) | 9901 | €4,529 | -€18,262 | -€22,791 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €1,977 | €573 | -€1,403 | -71.0% |
| Recurring financial charges | 65 | €1,977 | €573 | -€1,403 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €2,561 | -€18,835 | -€21,396 | |
| Income taxes | 67/77 | €1,102 | €338 | -€764 | -69.3% |
| Profit (loss) for the period | 9904 | €1,459 | -€19,173 | -€20,632 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,459 | -€19,173 | -€20,632 |
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 14 October 2026 via checked.be.