BELI: 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.
BELI
Largest movements
- Receivables within one year -€50,914
down €50,914 (-89.9%), from €56,620 to €5,706
- Cash +€20,766
up €20,766 (+5608.4%), from €370 to €21,137
mainly Receivables within one year (+€50,914) and Other debts (+€28,016)
- Tangible fixed assets -€1,342
down €1,342 (-22.3%), from €6,029 to €4,687
- Deferred charges and accrued income +€1,182
new in 2025: €1,182
- Reserves -€50,399
no longer reported in 2025 (was €50,399)
- Other debts +€28,016
new in 2025: €28,016
- Profit (loss) carried forward -€10,901
new in 2025: -€10,901
- Tax, wage and social debts +€1,908
up €1,908 (+33.8%), from €5,652 to €7,560
- Trade debts +€1,069
up €1,069 (+110.5%), from €968 to €2,037
- Gross operating margin -€13,463
down €13,463, from €4,927 to -€8,536
- Financial income -€2,890
no longer reported in 2025 (was €2,890)
- Taxes -€1,530
down €1,530 (-92.1%), from €1,662 to €132
- Other operating charges -€90
down €90 (-10.2%), from €877 to €787
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 | €63,019 | €32,711 | -€30,308 | -48.1% |
| Fixed assets | 21/28 | €6,029 | €4,687 | -€1,342 | -22.3% |
| Tangible fixed assets | 22/27 | €6,029 | €4,687 | -€1,342 | -22.3% |
| Plant, machinery and equipment | 23 | €6,029 | €4,687 | -€1,342 | -22.3% |
| Current assets | 29/58 | €56,990 | €28,024 | -€28,966 | -50.8% |
| Amounts receivable within one year | 40/41 | €56,620 | €5,706 | -€50,914 | -89.9% |
| Other amounts receivable | 41 | €56,620 | €5,706 | -€50,914 | -89.9% |
| Cash at bank and in hand | 54/58 | €370 | €21,137 | +€20,766 | +5608.4% |
| Deferred charges and accrued income | 490/1 | - | €1,182 | +€1,182 | |
| Total equity and liabilities | 10/49 | €63,019 | €32,711 | -€30,308 | -48.1% |
| Equity | 10/15 | €56,399 | -€4,901 | -€61,301 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €50,399 | - | -€50,399 | |
| Distributable reserves | 133 | €50,399 | - | -€50,399 | |
| Profit (loss) carried forward | 14 | - | -€10,901 | -€10,901 | |
| Amounts payable | 17/49 | €6,620 | €37,613 | +€30,993 | +468.2% |
| Amounts payable within one year | 42/48 | €6,620 | €37,613 | +€30,993 | +468.2% |
| Trade debts | 44 | €968 | €2,037 | +€1,069 | +110.5% |
| Suppliers | 440/4 | €968 | €2,037 | +€1,069 | +110.5% |
| Taxes, remuneration and social security | 45 | €5,652 | €7,560 | +€1,908 | +33.8% |
| Taxes | 450/3 | €5,652 | €7,560 | +€1,908 | +33.8% |
| Other amounts payable | 47/48 | - | €28,016 | +€28,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,342 | €1,342 | = | 0.0% |
| Other operating charges | 640/8 | €877 | €787 | -€90 | -10.2% |
| Gross operating margin | 9900 | €4,927 | -€8,536 | -€13,463 | |
| Operating profit (loss) | 9901 | €2,709 | -€10,664 | -€13,373 | |
| Financial income | 75/76B | €2,890 | - | -€2,890 | |
| Recurring financial income | 75 | €2,890 | - | -€2,890 | |
| Financial charges | 65/66B | €77 | €105 | +€28 | +36.9% |
| Recurring financial charges | 65 | €77 | €105 | +€28 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €5,522 | -€10,769 | -€16,291 | |
| Income taxes | 67/77 | €1,662 | €132 | -€1,530 | -92.1% |
| Profit (loss) for the period | 9904 | €3,860 | -€10,901 | -€14,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,860 | -€10,901 | -€14,761 |
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 10 October 2026 via checked.be.