BELIER: 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.
BELIER
Largest movements
- Cash -€16,816
down €16,816 (-55.6%), from €30,261 to €13,445
mainly Net result for the year (-€20,124) and Other debts (-€8,848)
- Tangible fixed assets -€14,155
down €14,155 (-50.0%), from €28,310 to €14,155
- Receivables within one year +€1,186
up €1,186 (+177.5%), from €668 to €1,854
of which Trade receivables: +€1,089
- Profit (loss) carried forward -€20,124
down €20,124 (-27.1%), from -€74,381 to -€94,505
- Other debts -€8,848
down €8,848 (-57.8%), from €15,311 to €6,463
- Trade debts -€990
down €990 (-60.0%), from €1,650 to €661
- Gross operating margin +€2,926
up €2,926 (+37.1%), from -€7,889 to -€4,963
- Other operating charges -€148
down €148 (-16.0%), from €924 to €776
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 | €59,239 | €29,455 | -€29,785 | -50.3% |
| Fixed assets | 21/28 | €28,310 | €14,155 | -€14,155 | -50.0% |
| Tangible fixed assets | 22/27 | €28,310 | €14,155 | -€14,155 | -50.0% |
| Furniture and vehicles | 24 | €28,310 | €14,155 | -€14,155 | -50.0% |
| Current assets | 29/58 | €30,929 | €15,300 | -€15,630 | -50.5% |
| Amounts receivable within one year | 40/41 | €668 | €1,854 | +€1,186 | +177.5% |
| Trade receivables | 40 | €120 | €1,209 | +€1,089 | +907.1% |
| Other amounts receivable | 41 | €548 | €645 | +€97 | +17.7% |
| Cash at bank and in hand | 54/58 | €30,261 | €13,445 | -€16,816 | -55.6% |
| Total equity and liabilities | 10/49 | €59,239 | €29,455 | -€29,785 | -50.3% |
| Equity | 10/15 | €42,074 | €21,951 | -€20,124 | -47.8% |
| Contributions | 10/11 | €39,663 | €39,663 | = | 0.0% |
| Reserves | 13 | €76,793 | €76,793 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,966 | €3,966 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,966 | €3,966 | = | 0.0% |
| Distributable reserves | 133 | €72,827 | €72,827 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,381 | -€94,505 | -€20,124 | -27.1% |
| Amounts payable | 17/49 | €17,165 | €7,504 | -€9,661 | -56.3% |
| Amounts payable within one year | 42/48 | €17,165 | €7,504 | -€9,661 | -56.3% |
| Trade debts | 44 | €1,650 | €661 | -€990 | -60.0% |
| Suppliers | 440/4 | €1,650 | €661 | -€990 | -60.0% |
| Taxes, remuneration and social security | 45 | €203 | €380 | +€176 | +86.6% |
| Taxes | 450/3 | €203 | €380 | +€176 | +86.6% |
| Other amounts payable | 47/48 | €15,311 | €6,463 | -€8,848 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,155 | €14,155 | = | 0.0% |
| Other operating charges | 640/8 | €924 | €776 | -€148 | -16.0% |
| Gross operating margin | 9900 | -€7,889 | -€4,963 | +€2,926 | +37.1% |
| Operating profit (loss) | 9901 | -€22,968 | -€19,894 | +€3,074 | +13.4% |
| Financial charges | 65/66B | €40 | €54 | +€14 | +35.8% |
| Recurring financial charges | 65 | €40 | €54 | +€14 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,007 | -€19,947 | +€3,060 | +13.3% |
| Income taxes | 67/77 | €203 | €176 | -€27 | -13.4% |
| Profit (loss) for the period | 9904 | -€23,211 | -€20,124 | +€3,087 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,211 | -€20,124 | +€3,087 | +13.3% |
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.