BELEON: what changed
BELEON
Largest movements
- Tangible fixed assets +€19,268
up €19,268 (+17.1%), from €112,680 to €131,948
of which Furniture and vehicles: +€31,794
- Cash +€9,035
up €9,035 (+2,655%), from €340 to €9,375
mainly Depreciation (+€35,004) and Net result for the year (+€15,377)
- Receivables within one year -€8,939
down €8,939 (-23.4%), from €38,263 to €29,324
of which Other amounts receivable: -€22,196
- Trade debts -€15,402
down €15,402 (-84.5%), from €18,221 to €2,819
- Reserves +€15,377
up €15,377 (+21.3%), from €72,183 to €87,560
of which Distributable reserves: +€15,377
- Current portion of long-term debt +€9,276
up €9,276 (+60.8%), from €15,246 to €24,522
- Debts after one year +€7,535
up €7,535 (+19.2%), from €39,269 to €46,805
- Tax, wage and social debts +€3,055
up €3,055 (+59.6%), from €5,128 to €8,184
- Gross operating margin +€51,709
up €51,709 (+544%), from €9,509 to €61,217
- Depreciation +€10,910
up €10,910 (+45.3%), from €24,093 to €35,004
- Financial charges +€1,327
up €1,327 (+89.2%), from €1,487 to €2,815
- Other operating charges +€727
up €727 (+40.9%), from €1,776 to €2,502
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,005 | €244,829 | +€19,824 | +8.8% |
| Fixed assets | 21/28 | €112,680 | €131,948 | +€19,268 | +17.1% |
| Tangible fixed assets | 22/27 | €112,680 | €131,948 | +€19,268 | +17.1% |
| Plant, machinery and equipment | 23 | €1,829 | €9,365 | +€7,536 | +412% |
| Furniture and vehicles | 24 | €276 | €32,070 | +€31,794 | +11,500% |
| Other tangible fixed assets | 26 | €110,575 | €90,514 | -€20,061 | -18.1% |
| Current assets | 29/58 | €112,324 | €112,881 | +€556 | +0.5% |
| Amounts receivable within one year | 40/41 | €38,263 | €29,324 | -€8,939 | -23.4% |
| Trade receivables | 40 | €15,595 | €28,852 | +€13,257 | +85.0% |
| Other amounts receivable | 41 | €22,668 | €472 | -€22,196 | -97.9% |
| Current investments | 50/53 | €72,208 | €72,208 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €340 | €9,375 | +€9,035 | +2,655% |
| Deferred charges and accrued income | 490/1 | €1,512 | €1,973 | +€460 | +30.4% |
| Total equity and liabilities | 10/49 | €225,005 | €244,829 | +€19,824 | +8.8% |
| Equity | 10/15 | €60,164 | €75,541 | +€15,377 | +25.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,183 | €87,560 | +€15,377 | +21.3% |
| Non-distributable reserves | 130/1 | €10,855 | €10,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,855 | €10,855 | = | 0.0% |
| Distributable reserves | 133 | €61,328 | €76,705 | +€15,377 | +25.1% |
| Profit (loss) carried forward | 14 | -€18,218 | -€18,218 | = | 0.0% |
| Amounts payable | 17/49 | €164,840 | €169,288 | +€4,447 | +2.7% |
| Amounts payable after more than one year | 17 | €39,269 | €46,805 | +€7,535 | +19.2% |
| Financial debts | 170/4 | €39,269 | €46,805 | +€7,535 | +19.2% |
| Amounts payable within one year | 42/48 | €124,005 | €120,916 | -€3,090 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €15,246 | €24,522 | +€9,276 | +60.8% |
| Trade debts | 44 | €18,221 | €2,819 | -€15,402 | -84.5% |
| Suppliers | 440/4 | €18,221 | €2,819 | -€15,402 | -84.5% |
| Taxes, remuneration and social security | 45 | €5,128 | €8,184 | +€3,055 | +59.6% |
| Taxes | 450/3 | €5,128 | €8,184 | +€3,055 | +59.6% |
| Other amounts payable | 47/48 | €85,410 | €85,391 | -€19 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,567 | +€1 | +0.1% |
| Non-recurring operating income | 76A | €10,118 | €6,644 | -€3,474 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,093 | €35,004 | +€10,910 | +45.3% |
| Other operating charges | 640/8 | €1,776 | €2,502 | +€727 | +40.9% |
| Gross operating margin | 9900 | €9,509 | €61,217 | +€51,709 | +544% |
| Operating profit (loss) | 9901 | -€16,361 | €23,711 | +€40,072 | |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €1,487 | €2,815 | +€1,327 | +89.2% |
| Recurring financial charges | 65 | €1,487 | €2,815 | +€1,327 | +89.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,848 | €20,905 | +€38,753 | |
| Income taxes | 67/77 | €5,128 | €5,528 | +€399 | +7.8% |
| Profit (loss) for the period | 9904 | -€22,976 | €15,377 | +€38,354 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,976 | €15,377 | +€38,354 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.