BELIEVIN: what changed
BELIEVIN
Largest movements
- Cash +€35,534
up €35,534 (+41.9%), from €84,775 to €120,309
mainly Net result for the year (+€37,673) and Trade debts (+€36,663)
- Receivables within one year +€25,671
up €25,671 (+106%), from €24,139 to €49,809
of which Trade receivables: +€14,507
- Tangible fixed assets +€8,599
up €8,599 (+186%), from €4,634 to €13,233
of which Furniture and vehicles: +€8,599
- Reserves +€37,673
up €37,673 (+11.2%), from €336,085 to €373,759
of which Distributable reserves: +€37,673
- Trade debts +€36,663
up €36,663 (+696%), from €5,269 to €41,933
- Tax, wage and social debts -€4,612
down €4,612 (-37.6%), from €12,269 to €7,657
of which Taxes: -€8,502
- Financial charges +€18,515
up €18,515, from -€18,428 to €87
- Gross operating margin -€16,936
down €16,936 (-16.5%), from €102,925 to €85,989
- Taxes -€12,572
down €12,572 (-44.5%), from €28,240 to €15,668
- Staff costs +€8,420
up €8,420 (+38.4%), from €21,937 to €30,357
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,562 | €446,539 | +€69,977 | +18.6% |
| Fixed assets | 21/28 | €4,830 | €13,428 | +€8,599 | +178% |
| Tangible fixed assets | 22/27 | €4,634 | €13,233 | +€8,599 | +186% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,634 | €13,233 | +€8,599 | +186% |
| Financial fixed assets | 28 | €196 | €196 | = | 0.0% |
| Current assets | 29/58 | €371,732 | €433,110 | +€61,378 | +16.5% |
| Amounts receivable within one year | 40/41 | €24,139 | €49,809 | +€25,671 | +106% |
| Trade receivables | 40 | €24,139 | €38,646 | +€14,507 | +60.1% |
| Other amounts receivable | 41 | €0 | €11,163 | +€11,163 | |
| Current investments | 50/53 | €260,723 | €260,723 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €84,775 | €120,309 | +€35,534 | +41.9% |
| Deferred charges and accrued income | 490/1 | €2,096 | €2,268 | +€173 | +8.3% |
| Total equity and liabilities | 10/49 | €376,562 | €446,539 | +€69,977 | +18.6% |
| Equity | 10/15 | €357,893 | €395,566 | +€37,673 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €336,085 | €373,759 | +€37,673 | +11.2% |
| 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 | €334,225 | €371,899 | +€37,673 | +11.3% |
| Profit (loss) carried forward | 14 | €3,207 | €3,207 | = | 0.0% |
| Amounts payable | 17/49 | €18,669 | €50,973 | +€32,303 | +173% |
| Amounts payable within one year | 42/48 | €18,669 | €50,973 | +€32,303 | +173% |
| Trade debts | 44 | €5,269 | €41,933 | +€36,663 | +696% |
| Suppliers | 440/4 | €5,269 | €41,933 | +€36,663 | +696% |
| Taxes, remuneration and social security | 45 | €12,269 | €7,657 | -€4,612 | -37.6% |
| Taxes | 450/3 | €12,269 | €3,767 | -€8,502 | -69.3% |
| Remuneration and social security | 454/9 | €0 | €3,890 | +€3,890 | |
| Other amounts payable | 47/48 | €1,130 | €1,382 | +€252 | +22.3% |
| Remuneration, social security and pensions | 62 | €21,937 | €30,357 | +€8,420 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,169 | €1,500 | +€332 | +28.4% |
| Other operating charges | 640/8 | €1,218 | €1,314 | +€96 | +7.9% |
| Gross operating margin | 9900 | €102,925 | €85,989 | -€16,936 | -16.5% |
| Operating profit (loss) | 9901 | €78,601 | €52,817 | -€25,783 | -32.8% |
| Financial income | 75/76B | €393 | €611 | +€219 | +55.7% |
| Recurring financial income | 75 | €393 | €611 | +€219 | +55.7% |
| Financial charges | 65/66B | -€18,428 | €87 | +€18,515 | |
| Recurring financial charges | 65 | -€18,428 | €87 | +€18,515 | |
| Profit (loss) for the period before taxes | 9903 | €97,421 | €53,342 | -€44,079 | -45.2% |
| Income taxes | 67/77 | €28,240 | €15,668 | -€12,572 | -44.5% |
| Profit (loss) for the period | 9904 | €69,181 | €37,673 | -€31,508 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,181 | €37,673 | -€31,508 | -45.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.