Beliën Patrick: 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.
Beliën Patrick
Largest movements
- Tangible fixed assets -€31,091
down €31,091 (-16.0%), from €194,788 to €163,697
of which Land and buildings: -€23,276
- Receivables within one year +€15,834
up €15,834 (+1,674%), from €946 to €16,780
- Cash +€5,974
up €5,974 (+28.6%), from €20,883 to €26,856
mainly Depreciation (+€28,262) and Net result for the year (+€21,122)
- Profit (loss) carried forward +€21,122
up €21,122 (+68.8%), from -€30,692 to -€9,571
- Other debts -€17,421
down €17,421 (-34.7%), from €50,203 to €32,783
- Debts after one year -€15,326
down €15,326 (-58.6%), from €26,146 to €10,820
of which Financial debts: -€11,614
- Gross operating margin +€72,500
up €72,500, from -€17,934 to €54,565
- Taxes -€14,939
down €14,939 (-98.3%), from €15,200 to €262
- Depreciation -€9,445
down €9,445 (-25.0%), from €37,707 to €28,262
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 | €219,953 | €210,366 | -€9,587 | -4.4% |
| Fixed assets | 21/28 | €194,788 | €163,697 | -€31,091 | -16.0% |
| Tangible fixed assets | 22/27 | €194,788 | €163,697 | -€31,091 | -16.0% |
| Land and buildings | 22 | €178,897 | €155,620 | -€23,276 | -13.0% |
| Plant, machinery and equipment | 23 | €8,148 | €7,715 | -€433 | -5.3% |
| Furniture and vehicles | 24 | €7,743 | €362 | -€7,381 | -95.3% |
| Current assets | 29/58 | €25,165 | €46,669 | +€21,504 | +85.5% |
| Amounts receivable within one year | 40/41 | €946 | €16,780 | +€15,834 | +1,674% |
| Other amounts receivable | 41 | €946 | €16,780 | +€15,834 | +1,674% |
| Current investments | 50/53 | €980 | €977 | -€3 | -0.3% |
| Cash at bank and in hand | 54/58 | €20,883 | €26,856 | +€5,974 | +28.6% |
| Deferred charges and accrued income | 490/1 | €2,357 | €2,056 | -€301 | -12.8% |
| Total equity and liabilities | 10/49 | €219,953 | €210,366 | -€9,587 | -4.4% |
| Equity | 10/15 | €128,851 | €149,973 | +€21,122 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,944 | €140,944 | = | 0.0% |
| Distributable reserves | 133 | €140,944 | €140,944 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,692 | -€9,571 | +€21,122 | +68.8% |
| Amounts payable | 17/49 | €91,101 | €60,393 | -€30,708 | -33.7% |
| Amounts payable after more than one year | 17 | €26,146 | €10,820 | -€15,326 | -58.6% |
| Financial debts | 170/4 | €22,434 | €10,820 | -€11,614 | -51.8% |
| Other amounts payable | 178/9 | €3,712 | - | -€3,712 | |
| Amounts payable within one year | 42/48 | €63,963 | €48,581 | -€15,382 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €11,420 | €12,883 | +€1,464 | +12.8% |
| Trade debts | 44 | €1,149 | €1,758 | +€609 | +53.0% |
| Suppliers | 440/4 | €1,149 | €1,758 | +€609 | +53.0% |
| Taxes, remuneration and social security | 45 | €1,191 | €1,157 | -€34 | -2.9% |
| Taxes | 450/3 | €1,191 | €1,157 | -€34 | -2.9% |
| Other amounts payable | 47/48 | €50,203 | €32,783 | -€17,421 | -34.7% |
| Accrued charges and deferred income | 492/3 | €992 | €992 | = | 0.0% |
| Non-recurring operating income | 76A | - | €4,598 | +€4,598 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,707 | €28,262 | -€9,445 | -25.0% |
| Other operating charges | 640/8 | €3,774 | €3,936 | +€162 | +4.3% |
| Gross operating margin | 9900 | -€17,934 | €54,565 | +€72,500 | |
| Operating profit (loss) | 9901 | -€59,415 | €22,367 | +€81,783 | |
| Financial income | 75/76B | €3 | €29 | +€26 | +972% |
| Recurring financial income | 75 | €3 | €29 | +€26 | +972% |
| Financial charges | 65/66B | €1,094 | €1,013 | -€82 | -7.5% |
| Recurring financial charges | 65 | €1,094 | €1,013 | -€82 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€60,507 | €21,383 | +€81,890 | |
| Income taxes | 67/77 | €15,200 | €262 | -€14,939 | -98.3% |
| Profit (loss) for the period | 9904 | -€75,707 | €21,122 | +€96,829 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,707 | €21,122 | +€96,829 |
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.