BELFRIQUE: 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.
BELFRIQUE
Largest movements
- Cash +€5,328
up €5,328 (+37.6%), from €14,177 to €19,505
mainly Other debts (+€9,779) and Tax, wage and social debts (+€6,547)
- Stocks and contracts +€2,500
new in 2025: €2,500
- Other debts +€9,779
up €9,779 (+68.1%), from €14,358 to €24,137
- Profit (loss) carried forward -€8,452
down €8,452 (-11.0%), from -€76,832 to -€85,284
- Tax, wage and social debts +€6,547
up €6,547 (+328.6%), from €1,992 to €8,539
of which Taxes: +€5,048
- Staff costs +€25,267
up €25,267 (+1339.2%), from €1,887 to €27,154
- Gross operating margin -€4,029
down €4,029 (-17.6%), from €22,896 to €18,867
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 | €14,177 | €22,005 | +€7,828 | +55.2% |
| Current assets | 29/58 | €14,177 | €22,005 | +€7,828 | +55.2% |
| Stocks and contracts in progress | 3 | - | €2,500 | +€2,500 | |
| Stocks | 30/36 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €14,177 | €19,505 | +€5,328 | +37.6% |
| Total equity and liabilities | 10/49 | €14,177 | €22,005 | +€7,828 | +55.2% |
| Equity | 10/15 | -€62,572 | -€71,024 | -€8,452 | -13.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€76,832 | -€85,284 | -€8,452 | -11.0% |
| Amounts payable | 17/49 | €76,749 | €93,029 | +€16,280 | +21.2% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Financial debts | 170/4 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,749 | €33,029 | +€16,280 | +97.2% |
| Trade debts | 44 | €399 | €353 | -€46 | -11.5% |
| Suppliers | 440/4 | €399 | €353 | -€46 | -11.5% |
| Taxes, remuneration and social security | 45 | €1,992 | €8,539 | +€6,547 | +328.6% |
| Taxes | 450/3 | €193 | €5,242 | +€5,048 | +2611.9% |
| Remuneration and social security | 454/9 | €1,799 | €3,297 | +€1,498 | +83.3% |
| Other amounts payable | 47/48 | €14,358 | €24,137 | +€9,779 | +68.1% |
| Remuneration, social security and pensions | 62 | €1,887 | €27,154 | +€25,267 | +1339.2% |
| Gross operating margin | 9900 | €22,896 | €18,867 | -€4,029 | -17.6% |
| Operating profit (loss) | 9901 | €21,009 | -€8,287 | -€29,296 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €118 | €165 | +€47 | +39.8% |
| Recurring financial charges | 65 | €118 | €165 | +€47 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €20,891 | -€8,452 | -€29,343 | |
| Profit (loss) for the period | 9904 | €20,891 | -€8,452 | -€29,343 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,891 | -€8,452 | -€29,343 |
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 9 October 2026 via checked.be.