BELING: 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.
BELING
Largest movements
- Cash +€59,505
up €59,505 (+77.0%), from €77,318 to €136,823
mainly Net result for the year (+€79,603) and Current portion of long-term debt (+€20,000)
- Receivables within one year +€38,050
up €38,050 (+261.4%), from €14,555 to €52,605
- Reserves +€60,590
up €60,590 (+3257.5%), from €1,860 to €62,450
- Trade debts -€22,068
down €22,068 (-59.5%), from €37,059 to €14,990
- Current portion of long-term debt +€20,000
new in 2025: €20,000
- Profit (loss) carried forward +€19,013
no longer reported in 2025 (was -€19,013)
- Tax, wage and social debts +€10,040
up €10,040 (+231.1%), from €4,344 to €14,384
- Gross operating margin +€78,945
up €78,945 (+218.2%), from €36,185 to €115,129
- Taxes +€29,319
up €29,319 (+2103.0%), from €1,394 to €30,713
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 | €96,647 | €195,520 | +€98,874 | +102.3% |
| Fixed assets | 21/28 | €4,620 | €5,222 | +€603 | +13.1% |
| Tangible fixed assets | 22/27 | €4,620 | €5,222 | +€603 | +13.1% |
| Plant, machinery and equipment | 23 | €153 | €1,078 | +€925 | +603.8% |
| Furniture and vehicles | 24 | €4,466 | €4,144 | -€322 | -7.2% |
| Current assets | 29/58 | €92,027 | €190,298 | +€98,271 | +106.8% |
| Amounts receivable within one year | 40/41 | €14,555 | €52,605 | +€38,050 | +261.4% |
| Trade receivables | 40 | €14,555 | €52,605 | +€38,050 | +261.4% |
| Cash at bank and in hand | 54/58 | €77,318 | €136,823 | +€59,505 | +77.0% |
| Deferred charges and accrued income | 490/1 | €154 | €870 | +€716 | +464.1% |
| Total equity and liabilities | 10/49 | €96,647 | €195,520 | +€98,874 | +102.3% |
| Equity | 10/15 | €1,447 | €81,050 | +€79,603 | +5500.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €62,450 | +€60,590 | +3257.5% |
| Distributable reserves | 133 | €1,860 | €62,450 | +€60,590 | +3257.5% |
| Profit (loss) carried forward | 14 | -€19,013 | - | +€19,013 | |
| Amounts payable | 17/49 | €95,199 | €114,470 | +€19,271 | +20.2% |
| Amounts payable after more than one year | 17 | €45,000 | €45,000 | = | 0.0% |
| Financial debts | 170/4 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,199 | €65,512 | +€15,313 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €37,059 | €14,990 | -€22,068 | -59.5% |
| Suppliers | 440/4 | €37,059 | €14,990 | -€22,068 | -59.5% |
| Taxes, remuneration and social security | 45 | €4,344 | €14,384 | +€10,040 | +231.1% |
| Taxes | 450/3 | €4,344 | €14,384 | +€10,040 | +231.1% |
| Other amounts payable | 47/48 | €8,797 | €16,137 | +€7,341 | +83.4% |
| Accrued charges and deferred income | 492/3 | - | €3,958 | +€3,958 | |
| Remuneration, social security and pensions | 62 | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,028 | €1,834 | +€807 | +78.5% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €36,185 | €115,129 | +€78,945 | +218.2% |
| Operating profit (loss) | 9901 | €34,539 | €113,175 | +€78,636 | +227.7% |
| Financial income | 75/76B | €0 | €5 | +€5 | +46100.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +46100.0% |
| Financial charges | 65/66B | €1,892 | €2,864 | +€973 | +51.4% |
| Recurring financial charges | 65 | €1,892 | €2,864 | +€973 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | €32,648 | €110,316 | +€77,668 | +237.9% |
| Income taxes | 67/77 | €1,394 | €30,713 | +€29,319 | +2103.0% |
| Profit (loss) for the period | 9904 | €31,253 | €79,603 | +€48,349 | +154.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,253 | €79,603 | +€48,349 | +154.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.