BELIDEE: 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.
BELIDEE
Largest movements
- Cash +€112,228
up €112,228 (+297%), from €37,794 to €150,022
mainly Investment in fixed assets (net) (+€98,840) and Net result for the year (+€7,276)
- Financial fixed assets -€100,000
down €100,000 (-27.6%), from €362,875 to €262,875
- Profit (loss) carried forward +€7,276
up €7,276 (+1.1%), from -€636,256 to -€628,979
- Debts after one year +€4,401
up €4,401 (+1.2%), from €375,919 to €380,321
- Gross operating margin +€5,983
up €5,983 (+52.5%), from €11,390 to €17,372
- Depreciation +€1,000
up €1,000 (+28.9%), from €3,464 to €4,464
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 | €430,617 | €437,303 | +€6,686 | +1.6% |
| Fixed assets | 21/28 | €385,506 | €282,202 | -€103,304 | -26.8% |
| Tangible fixed assets | 22/27 | €22,631 | €19,327 | -€3,304 | -14.6% |
| Plant, machinery and equipment | 23 | €2,495 | €1,831 | -€664 | -26.6% |
| Furniture and vehicles | 24 | €8,508 | €7,396 | -€1,111 | -13.1% |
| Other tangible fixed assets | 26 | €11,628 | €10,099 | -€1,529 | -13.1% |
| Financial fixed assets | 28 | €362,875 | €262,875 | -€100,000 | -27.6% |
| Current assets | 29/58 | €45,111 | €155,101 | +€109,990 | +244% |
| Amounts receivable within one year | 40/41 | €7,312 | €5,074 | -€2,239 | -30.6% |
| Trade receivables | 40 | €7,312 | €5,074 | -€2,239 | -30.6% |
| Cash at bank and in hand | 54/58 | €37,794 | €150,022 | +€112,228 | +297% |
| Deferred charges and accrued income | 490/1 | €5 | €6 | +€1 | +12.8% |
| Total equity and liabilities | 10/49 | €430,617 | €437,303 | +€6,686 | +1.6% |
| Equity | 10/15 | -€584,656 | -€577,379 | +€7,276 | +1.2% |
| Contributions | 10/11 | €51,600 | €51,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€636,256 | -€628,979 | +€7,276 | +1.1% |
| Amounts payable | 17/49 | €1,015,273 | €1,014,682 | -€590 | -0.1% |
| Amounts payable after more than one year | 17 | €375,919 | €380,321 | +€4,401 | +1.2% |
| Financial debts | 170/4 | €375,919 | €380,321 | +€4,401 | +1.2% |
| Amounts payable within one year | 42/48 | €639,354 | €634,362 | -€4,992 | -0.8% |
| Trade debts | 44 | €3,408 | €99 | -€3,309 | -97.1% |
| Suppliers | 440/4 | €3,408 | €99 | -€3,309 | -97.1% |
| Taxes, remuneration and social security | 45 | €5,809 | €6,675 | +€866 | +14.9% |
| Taxes | 450/3 | €4,509 | €5,375 | +€866 | +19.2% |
| Remuneration and social security | 454/9 | €1,300 | €1,300 | = | 0.0% |
| Other amounts payable | 47/48 | €630,137 | €627,588 | -€2,549 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,464 | €4,464 | +€1,000 | +28.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €11,390 | €17,372 | +€5,983 | +52.5% |
| Operating profit (loss) | 9901 | €7,538 | €12,509 | +€4,971 | +65.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,325 | €5,232 | -€93 | -1.7% |
| Recurring financial charges | 65 | €5,325 | €5,232 | -€93 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €2,213 | €7,276 | +€5,064 | +229% |
| Profit (loss) for the period | 9904 | €2,213 | €7,276 | +€5,064 | +229% |
| Profit (loss) for the period to be appropriated | 9905 | €2,213 | €7,276 | +€5,064 | +229% |
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 16 October 2026 via checked.be.