BELEVEN: 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.
BELEVEN
Largest movements
- Tangible fixed assets -€66,017
down €66,017 (-6.2%), from €1.1m to €997,054
of which Land and buildings: -€59,899
- Cash +€35,926
up €35,926 (+38.6%), from €93,152 to €129,077
mainly Depreciation (+€77,462) and Trade debts (+€29,868)
- Receivables within one year -€16,432
down €16,432 (-7.5%), from €219,415 to €202,983
of which Trade receivables: -€26,308
- Debts after one year -€48,231
down €48,231 (-16.2%), from €297,512 to €249,281
- Trade debts +€29,868
up €29,868 (+37.8%), from €79,103 to €108,972
- Tax, wage and social debts -€23,474
down €23,474 (-6.6%), from €357,972 to €334,498
of which Remuneration and social security: -€30,120
- Gross operating margin +€117,000
up €117,000 (+6.2%), from €1.9m to €2.0m
- Staff costs +€65,447
up €65,447 (+3.6%), from €1.8m to €1.9m
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 | €1,430,821 | €1,381,347 | -€49,474 | -3.5% |
| Fixed assets | 21/28 | €1,063,078 | €997,061 | -€66,017 | -6.2% |
| Tangible fixed assets | 22/27 | €1,063,070 | €997,054 | -€66,017 | -6.2% |
| Land and buildings | 22 | €1,023,638 | €963,739 | -€59,899 | -5.9% |
| Plant, machinery and equipment | 23 | €14,922 | €14,434 | -€488 | -3.3% |
| Furniture and vehicles | 24 | €18,347 | €13,074 | -€5,272 | -28.7% |
| Other tangible fixed assets | 26 | €6,164 | €5,807 | -€357 | -5.8% |
| Financial fixed assets | 28 | €8 | €8 | = | 0.0% |
| Current assets | 29/58 | €367,744 | €384,286 | +€16,542 | +4.5% |
| Stocks and contracts in progress | 3 | €55,177 | €50,564 | -€4,614 | -8.4% |
| Stocks | 30/36 | €55,177 | €50,564 | -€4,614 | -8.4% |
| Amounts receivable within one year | 40/41 | €219,415 | €202,983 | -€16,432 | -7.5% |
| Trade receivables | 40 | €89,361 | €63,053 | -€26,308 | -29.4% |
| Other amounts receivable | 41 | €130,054 | €139,930 | +€9,876 | +7.6% |
| Cash at bank and in hand | 54/58 | €93,152 | €129,077 | +€35,926 | +38.6% |
| Deferred charges and accrued income | 490/1 | - | €1,663 | +€1,663 | |
| Total equity and liabilities | 10/49 | €1,430,821 | €1,381,347 | -€49,474 | -3.5% |
| Equity | 10/15 | €494,131 | €484,157 | -€9,974 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €484,938 | €484,938 | = | 0.0% |
| Tax-exempt reserves | 132 | €186,398 | €186,398 | = | 0.0% |
| Distributable reserves | 133 | €298,540 | €298,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,407 | -€19,381 | -€9,974 | -106% |
| Amounts payable | 17/49 | €936,690 | €897,190 | -€39,500 | -4.2% |
| Amounts payable after more than one year | 17 | €297,512 | €249,281 | -€48,231 | -16.2% |
| Financial debts | 170/4 | €297,512 | €249,281 | -€48,231 | -16.2% |
| Amounts payable within one year | 42/48 | €629,205 | €645,471 | +€16,266 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €138,275 | €151,791 | +€13,516 | +9.8% |
| Trade debts | 44 | €79,103 | €108,972 | +€29,868 | +37.8% |
| Suppliers | 440/4 | €79,103 | €108,972 | +€29,868 | +37.8% |
| Advances received on contracts in progress | 46 | €6,505 | €10 | -€6,495 | -99.8% |
| Taxes, remuneration and social security | 45 | €357,972 | €334,498 | -€23,474 | -6.6% |
| Taxes | 450/3 | €45,721 | €52,367 | +€6,646 | +14.5% |
| Remuneration and social security | 454/9 | €312,251 | €282,131 | -€30,120 | -9.6% |
| Other amounts payable | 47/48 | €47,350 | €50,200 | +€2,850 | +6.0% |
| Accrued charges and deferred income | 492/3 | €9,973 | €2,438 | -€7,535 | -75.6% |
| Remuneration, social security and pensions | 62 | €1,835,825 | €1,901,272 | +€65,447 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,645 | €77,462 | +€5,817 | +8.1% |
| Other operating charges | 640/8 | €10,671 | €11,417 | +€746 | +7.0% |
| Gross operating margin | 9900 | €1,877,157 | €1,994,156 | +€117,000 | +6.2% |
| Operating profit (loss) | 9901 | -€40,985 | €4,006 | +€44,990 | |
| Financial income | 75/76B | €839 | €1,032 | +€192 | +22.9% |
| Recurring financial income | 75 | €839 | €1,032 | +€192 | +22.9% |
| Financial charges | 65/66B | €15,249 | €14,875 | -€375 | -2.5% |
| Recurring financial charges | 65 | €15,249 | €14,875 | -€375 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | -€55,394 | -€9,837 | +€45,557 | +82.2% |
| Income taxes | 67/77 | €144 | €137 | -€7 | -4.8% |
| Profit (loss) for the period | 9904 | -€55,538 | -€9,974 | +€45,564 | +82.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,538 | -€9,974 | +€45,564 | +82.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.