BELINCO: 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.
What changed
BELINCO
NACE 69.109, Other legal services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€202,399
2024 · -€376,423+€174,024
Equity
-€1.0m
2024 · -€827,961-€202,399
Cash
€172,959
2024 · €48,123+€124,836
Balance sheet total
€12.7m
2024 · €12.8m-€159,657
Largest movements
Assets
- Tangible fixed assets -€348,104
down €348,104 (-2.7%), from €12.7m to €12.3m
Equity and liabilities
- Profit (loss) carried forward -€202,399
down €202,399 (-24.2%), from -€836,021 to -€1.0m
Income statement
- Gross operating margin +€180,802
up €180,802 (+24.3%), from €745,298 to €926,100
- Purchases and services -€47,297
down €47,297 (-50.3%), from €93,956 to €46,658
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.
Result 2024
-€376,423
Gross operating margin
+€180,802
Depreciation
-€565
Other operating charges
-€8,697
Financial income
+€861
Financial charges
+€1,622
Result 2025
-€202,399
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.
From operations
+€129,252
Investment
-€4,417
Financing
€0
Cash 2024
€48,123
From operations (derived)
+€129,252
Net result for the year
-€202,399
Depreciation
+€352,520
Receivables within one year
-€114,481
Deferred charges and accrued income
+€50,870
Trade debts
+€1,284
Tax, wage and social debts
+€750
Accrued charges and deferred income
+€40,709
Investment (derived)
-€4,417
Investment in fixed assets (net)
-€4,417
Cash 2025
€172,959
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,848,049 | €12,688,392 | -€159,657 | -1.2% |
| Fixed assets | 21/28 | €12,659,635 | €12,311,531 | -€348,104 | -2.7% |
| Tangible fixed assets | 22/27 | €12,659,635 | €12,311,531 | -€348,104 | -2.7% |
| Land and buildings | 22 | €12,659,635 | €12,311,531 | -€348,104 | -2.7% |
| Current assets | 29/58 | €188,415 | €376,861 | +€188,447 | +100.0% |
| Amounts receivable within one year | 40/41 | €87,262 | €201,742 | +€114,481 | +131.2% |
| Trade receivables | 40 | €87,262 | €201,742 | +€114,481 | +131.2% |
| Cash at bank and in hand | 54/58 | €48,123 | €172,959 | +€124,836 | +259.4% |
| Deferred charges and accrued income | 490/1 | €53,031 | €2,161 | -€50,870 | -95.9% |
| Total equity and liabilities | 10/49 | €12,848,049 | €12,688,392 | -€159,657 | -1.2% |
| Equity | 10/15 | -€827,961 | -€1,030,360 | -€202,399 | -24.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€836,021 | -€1,038,420 | -€202,399 | -24.2% |
| Amounts payable | 17/49 | €13,676,010 | €13,718,752 | +€42,742 | +0.3% |
| Amounts payable after more than one year | 17 | €13,360,639 | €13,360,639 | = | 0.0% |
| Financial debts | 170/4 | €13,360,639 | €13,360,639 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,286 | €22,319 | +€2,034 | +10.0% |
| Trade debts | 44 | €19,581 | €20,865 | +€1,284 | +6.6% |
| Suppliers | 440/4 | €19,581 | €20,865 | +€1,284 | +6.6% |
| Taxes, remuneration and social security | 45 | €705 | €1,454 | +€750 | +106.4% |
| Taxes | 450/3 | €705 | €1,454 | +€750 | +106.4% |
| Accrued charges and deferred income | 492/3 | €295,085 | €335,794 | +€40,709 | +13.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €93,956 | €46,658 | -€47,297 | -50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351,955 | €352,520 | +€565 | +0.2% |
| Other operating charges | 640/8 | €186,485 | €195,182 | +€8,697 | +4.7% |
| Gross operating margin | 9900 | €745,298 | €926,100 | +€180,802 | +24.3% |
| Operating profit (loss) | 9901 | €206,858 | €378,399 | +€171,540 | +82.9% |
| Financial income | 75/76B | €206 | €1,067 | +€861 | +418.3% |
| Recurring financial income | 75 | €203 | €1,067 | +€864 | +425.0% |
| Non-recurring financial income | 76B | €3 | - | -€3 | |
| Financial charges | 65/66B | €583,487 | €581,865 | -€1,622 | -0.3% |
| Recurring financial charges | 65 | €583,487 | €581,865 | -€1,622 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€376,423 | -€202,399 | +€174,024 | +46.2% |
| Profit (loss) for the period | 9904 | -€376,423 | -€202,399 | +€174,024 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€376,423 | -€202,399 | +€174,024 | +46.2% |
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.