BELIKA: what changed
Two fiscal 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.
BELIKA
Largest movements
- Deferred charges and accrued income -€12,558
no longer reported in 2026 (was €12,558)
- Profit (loss) carried forward +€72,064
up €72,064 (+15.4%), from €469,457 to €541,521
- Debts after one year -€44,213
down €44,213 (-28.4%), from €155,717 to €111,504
- Current portion of long-term debt -€20,524
down €20,524 (-27.3%), from €75,213 to €54,689
- Other debts -€19,727
down €19,727 (-39.7%), from €49,732 to €30,005
- Gross operating margin -€27,384
down €27,384 (-14.6%), from €187,648 to €160,264
- Financial income -€12,601
down €12,601 (-99.8%), from €12,628 to €27
- Taxes -€9,364
down €9,364 (-19.9%), from €46,998 to €37,634
- Depreciation +€3,019
up €3,019 (+7200.7%), from €42 to €3,060
From the 2025 result to the 2026 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €817,419 | €798,161 | -€19,258 | -2.4% |
| Fixed assets | 21/28 | €779,140 | €776,080 | -€3,060 | -0.4% |
| Tangible fixed assets | 22/27 | €9,140 | €6,080 | -€3,060 | -33.5% |
| Furniture and vehicles | 24 | €9,140 | €6,080 | -€3,060 | -33.5% |
| Financial fixed assets | 28 | €770,000 | €770,000 | = | 0.0% |
| Current assets | 29/58 | €38,279 | €22,081 | -€16,198 | -42.3% |
| Amounts receivable within one year | 40/41 | €25,721 | €22,081 | -€3,640 | -14.2% |
| Trade receivables | 40 | €25,721 | €14,786 | -€10,935 | -42.5% |
| Other amounts receivable | 41 | - | €7,296 | +€7,296 | |
| Deferred charges and accrued income | 490/1 | €12,558 | - | -€12,558 | |
| Total equity and liabilities | 10/49 | €817,419 | €798,161 | -€19,258 | -2.4% |
| Equity | 10/15 | €470,957 | €543,021 | +€72,064 | +15.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €469,457 | €541,521 | +€72,064 | +15.4% |
| Amounts payable | 17/49 | €346,462 | €255,140 | -€91,322 | -26.4% |
| Amounts payable after more than one year | 17 | €155,717 | €111,504 | -€44,213 | -28.4% |
| Financial debts | 170/4 | €155,717 | €111,504 | -€44,213 | -28.4% |
| Amounts payable within one year | 42/48 | €190,745 | €143,636 | -€47,109 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €75,213 | €54,689 | -€20,524 | -27.3% |
| Financial debts | 43 | €27,267 | €25,401 | -€1,866 | -6.8% |
| Credit institutions | 430/8 | €27,267 | €25,401 | -€1,866 | -6.8% |
| Trade debts | 44 | €355 | €444 | +€89 | +25.1% |
| Suppliers | 440/4 | €355 | €444 | +€89 | +25.1% |
| Taxes, remuneration and social security | 45 | €38,179 | €33,097 | -€5,082 | -13.3% |
| Taxes | 450/3 | €38,179 | €33,097 | -€5,082 | -13.3% |
| Other amounts payable | 47/48 | €49,732 | €30,005 | -€19,727 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42 | €3,060 | +€3,019 | +7200.7% |
| Other operating charges | 640/8 | €980 | €1,013 | +€33 | +3.4% |
| Gross operating margin | 9900 | €187,648 | €160,264 | -€27,384 | -14.6% |
| Operating profit (loss) | 9901 | €186,626 | €156,190 | -€30,435 | -16.3% |
| Financial income | 75/76B | €12,628 | €27 | -€12,601 | -99.8% |
| Recurring financial income | 75 | €12,628 | €27 | -€12,601 | -99.8% |
| Financial charges | 65/66B | €10,181 | €11,219 | +€1,038 | +10.2% |
| Recurring financial charges | 65 | €10,181 | €11,219 | +€1,038 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €189,073 | €144,999 | -€44,074 | -23.3% |
| Income taxes | 67/77 | €46,998 | €37,634 | -€9,364 | -19.9% |
| Profit (loss) for the period | 9904 | €142,075 | €107,364 | -€34,711 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €142,075 | €107,364 | -€34,711 | -24.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.