BELEGANCE DESIGN: 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.
BELEGANCE DESIGN
Largest movements
- Tangible fixed assets -€9,836
down €9,836 (-52.7%), from €18,672 to €8,835
of which Furniture and vehicles: -€9,616
- Cash -€6,465
down €6,465 (-99.1%), from €6,522 to €57
mainly Trade debts (-€27,740) and Debts after one year (-€5,521)
- Stocks and contracts -€5,326
down €5,326 (-25.7%), from €20,750 to €15,424
- Financial fixed assets +€1,600
new in 2025: €1,600
- Receivables within one year +€1,049
up €1,049 (+1.9%), from €55,058 to €56,106
of which Other amounts receivable: +€3,547
- Trade debts -€27,740
down €27,740 (-57.8%), from €47,992 to €20,251
- Reserves +€10,227
up €10,227 (+133%), from €7,684 to €17,911
- Debts after one year -€5,521
down €5,521 (-42.5%), from €12,977 to €7,456
- Other debts +€1,993
up €1,993 (+9.4%), from €21,119 to €23,112
- Tax, wage and social debts +€1,069
up €1,069 (+43.3%), from €2,468 to €3,537
of which Taxes: +€2,847
- Depreciation -€7,719
down €7,719 (-41.3%), from €18,686 to €10,967
- Staff costs -€2,972
down €2,972 (-100%), from €2,972 to €0
- Taxes +€2,657
up €2,657 (+339%), from €785 to €3,441
- Gross operating margin +€1,997
up €1,997 (+7.6%), from €26,124 to €28,121
- Other operating charges +€1,440
up €1,440 (+185%), from €780 to €2,219
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 | €101,314 | €82,188 | -€19,126 | -18.9% |
| Fixed assets | 21/28 | €18,672 | €10,435 | -€8,236 | -44.1% |
| Tangible fixed assets | 22/27 | €18,672 | €8,835 | -€9,836 | -52.7% |
| Plant, machinery and equipment | 23 | €989 | €769 | -€220 | -22.2% |
| Furniture and vehicles | 24 | €17,682 | €8,066 | -€9,616 | -54.4% |
| Financial fixed assets | 28 | - | €1,600 | +€1,600 | |
| Current assets | 29/58 | €82,642 | €71,753 | -€10,889 | -13.2% |
| Stocks and contracts in progress | 3 | €20,750 | €15,424 | -€5,326 | -25.7% |
| Stocks | 30/36 | €20,750 | €15,424 | -€5,326 | -25.7% |
| Amounts receivable within one year | 40/41 | €55,058 | €56,106 | +€1,049 | +1.9% |
| Trade receivables | 40 | €53,139 | €50,640 | -€2,498 | -4.7% |
| Other amounts receivable | 41 | €1,919 | €5,466 | +€3,547 | +185% |
| Cash at bank and in hand | 54/58 | €6,522 | €57 | -€6,465 | -99.1% |
| Deferred charges and accrued income | 490/1 | €312 | €166 | -€147 | -46.9% |
| Total equity and liabilities | 10/49 | €101,314 | €82,188 | -€19,126 | -18.9% |
| Equity | 10/15 | €12,684 | €22,911 | +€10,227 | +80.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,684 | €17,911 | +€10,227 | +133% |
| Distributable reserves | 133 | €7,684 | €17,911 | +€10,227 | +133% |
| Amounts payable | 17/49 | €88,630 | €59,277 | -€29,352 | -33.1% |
| Amounts payable after more than one year | 17 | €12,977 | €7,456 | -€5,521 | -42.5% |
| Financial debts | 170/4 | €12,977 | €7,456 | -€5,521 | -42.5% |
| Amounts payable within one year | 42/48 | €75,652 | €51,821 | -€23,831 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €4,074 | €4,921 | +€848 | +20.8% |
| Trade debts | 44 | €47,992 | €20,251 | -€27,740 | -57.8% |
| Suppliers | 440/4 | €47,992 | €20,251 | -€27,740 | -57.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,468 | €3,537 | +€1,069 | +43.3% |
| Taxes | 450/3 | €689 | €3,537 | +€2,847 | +413% |
| Remuneration and social security | 454/9 | €1,778 | €0 | -€1,778 | -100% |
| Other amounts payable | 47/48 | €21,119 | €23,112 | +€1,993 | +9.4% |
| Remuneration, social security and pensions | 62 | €2,972 | €0 | -€2,972 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,686 | €10,967 | -€7,719 | -41.3% |
| Other operating charges | 640/8 | €780 | €2,219 | +€1,440 | +185% |
| Gross operating margin | 9900 | €26,124 | €28,121 | +€1,997 | +7.6% |
| Operating profit (loss) | 9901 | €3,686 | €14,935 | +€11,249 | +305% |
| Financial income | 75/76B | €12 | €818 | +€806 | +6,655% |
| Recurring financial income | 75 | €12 | €818 | +€806 | +6,655% |
| Financial charges | 65/66B | €1,742 | €2,086 | +€343 | +19.7% |
| Recurring financial charges | 65 | €1,742 | €2,086 | +€343 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €1,956 | €13,668 | +€11,712 | +599% |
| Income taxes | 67/77 | €785 | €3,441 | +€2,657 | +339% |
| Profit (loss) for the period | 9904 | €1,172 | €10,227 | +€9,055 | +773% |
| Profit (loss) for the period to be appropriated | 9905 | €1,172 | €10,227 | +€9,055 | +773% |
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 21 October 2026 via checked.be.