BELIBASTE: 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.
BELIBASTE
Largest movements
- Current investments +€200,886
new in 2025: €200,886
- Cash -€141,790
down €141,790 (-66.8%), from €212,286 to €70,496
mainly Current investments (-€200,886) and Contributions, distributions and other (-€158,389)
- Receivables within one year -€84,233
down €84,233 (-82.4%), from €102,284 to €18,050
of which Other amounts receivable: -€88,429
- Tangible fixed assets -€19,935
down €19,935 (-4.0%), from €504,492 to €484,557
of which Land and buildings: -€15,558
- Debts after one year -€62,587
down €62,587 (-35.1%), from €178,314 to €115,728
- Other debts +€25,268
new in 2025: €25,268
- Short-term financial debts +€18,455
up €18,455 (+156%), from €11,832 to €30,286
- Reserves -€16,907
down €16,907 (-3.2%), from €520,951 to €504,045
of which Distributable reserves: -€16,907
- Trade debts -€16,432
down €16,432 (-80.3%), from €20,464 to €4,032
- Gross operating margin +€99,004
up €99,004 (+71.7%), from €138,122 to €237,125
- Taxes +€29,196
up €29,196 (+87.8%), from €33,272 to €62,467
- Financial income -€5,629
down €5,629 (-69.2%), from €8,139 to €2,511
- Depreciation +€3,852
up €3,852 (+20.7%), from €18,619 to €22,471
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 | €819,061 | €773,989 | -€45,072 | -5.5% |
| Fixed assets | 21/28 | €504,492 | €484,557 | -€19,935 | -4.0% |
| Tangible fixed assets | 22/27 | €504,492 | €484,557 | -€19,935 | -4.0% |
| Land and buildings | 22 | €484,461 | €468,903 | -€15,558 | -3.2% |
| Furniture and vehicles | 24 | €20,031 | €15,654 | -€4,377 | -21.9% |
| Current assets | 29/58 | €314,570 | €289,432 | -€25,137 | -8.0% |
| Amounts receivable within one year | 40/41 | €102,284 | €18,050 | -€84,233 | -82.4% |
| Trade receivables | 40 | €12,422 | €16,618 | +€4,196 | +33.8% |
| Other amounts receivable | 41 | €89,862 | €1,433 | -€88,429 | -98.4% |
| Current investments | 50/53 | - | €200,886 | +€200,886 | |
| Cash at bank and in hand | 54/58 | €212,286 | €70,496 | -€141,790 | -66.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €819,061 | €773,989 | -€45,072 | -5.5% |
| Equity | 10/15 | €527,151 | €510,245 | -€16,907 | -3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €520,951 | €504,045 | -€16,907 | -3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €519,091 | €502,185 | -€16,907 | -3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €291,910 | €263,745 | -€28,165 | -9.6% |
| Amounts payable after more than one year | 17 | €178,314 | €115,728 | -€62,587 | -35.1% |
| Financial debts | 170/4 | €178,314 | €115,728 | -€62,587 | -35.1% |
| Amounts payable within one year | 42/48 | €113,595 | €148,017 | +€34,421 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €56,613 | €58,683 | +€2,070 | +3.7% |
| Financial debts | 43 | €11,832 | €30,286 | +€18,455 | +156% |
| Other loans | 439 | €11,832 | €30,286 | +€18,455 | +156% |
| Trade debts | 44 | €20,464 | €4,032 | -€16,432 | -80.3% |
| Suppliers | 440/4 | €20,464 | €4,032 | -€16,432 | -80.3% |
| Taxes, remuneration and social security | 45 | €24,687 | €29,747 | +€5,060 | +20.5% |
| Taxes | 450/3 | €24,687 | €29,747 | +€5,060 | +20.5% |
| Other amounts payable | 47/48 | - | €25,268 | +€25,268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,619 | €22,471 | +€3,852 | +20.7% |
| Other operating charges | 640/8 | €3,493 | €3,607 | +€114 | +3.3% |
| Gross operating margin | 9900 | €138,122 | €237,125 | +€99,004 | +71.7% |
| Operating profit (loss) | 9901 | €116,010 | €211,048 | +€95,038 | +81.9% |
| Financial income | 75/76B | €8,139 | €2,511 | -€5,629 | -69.2% |
| Recurring financial income | 75 | €8,139 | €2,511 | -€5,629 | -69.2% |
| Financial charges | 65/66B | €10,538 | €9,608 | -€930 | -8.8% |
| Recurring financial charges | 65 | €10,538 | €9,608 | -€930 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €113,611 | €203,950 | +€90,340 | +79.5% |
| Income taxes | 67/77 | €33,272 | €62,467 | +€29,196 | +87.8% |
| Profit (loss) for the period | 9904 | €80,339 | €141,483 | +€61,144 | +76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,339 | €141,483 | +€61,144 | +76.1% |
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 19 October 2026 via checked.be.