BELING 32: 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.
BELING 32
Largest movements
- Tangible fixed assets -€35,161
down €35,161 (-11.0%), from €318,561 to €283,400
of which Land and buildings: -€18,395
- Receivables within one year +€8,188
up €8,188 (+1,208%), from €678 to €8,866
of which Trade receivables: +€8,500
- Cash -€6,596
down €6,596 (-76.8%), from €8,586 to €1,990
mainly Debts after one year (-€90,838) and Receivables within one year (-€8,188)
- Deferred charges and accrued income -€6,082
down €6,082 (-92.4%), from €6,580 to €498
- Debts after one year -€90,838
down €90,838 (-57.8%), from €157,135 to €66,297
of which Financial debts: -€90,838
- Current portion of long-term debt +€46,431
new in 2025: €46,431
- Gross operating margin +€39,549
up €39,549 (+703%), from €5,628 to €45,177
- Depreciation +€3,353
up €3,353 (+10.5%), from €31,808 to €35,161
- Other operating charges -€1,200
down €1,200 (-73.0%), from €1,644 to €444
- Financial charges -€920
down €920 (-12.1%), from €7,590 to €6,670
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.
Derived cash bridge
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 | €334,405 | €294,754 | -€39,651 | -11.9% |
| Fixed assets | 21/28 | €318,561 | €283,400 | -€35,161 | -11.0% |
| Tangible fixed assets | 22/27 | €318,561 | €283,400 | -€35,161 | -11.0% |
| Land and buildings | 22 | €239,135 | €220,740 | -€18,395 | -7.7% |
| Plant, machinery and equipment | 23 | €3,197 | €2,452 | -€745 | -23.3% |
| Furniture and vehicles | 24 | €59,619 | €45,552 | -€14,067 | -23.6% |
| Other tangible fixed assets | 26 | €16,610 | €14,656 | -€1,954 | -11.8% |
| Current assets | 29/58 | €15,844 | €11,354 | -€4,490 | -28.3% |
| Amounts receivable within one year | 40/41 | €678 | €8,866 | +€8,188 | +1,208% |
| Trade receivables | 40 | - | €8,500 | +€8,500 | |
| Other amounts receivable | 41 | €678 | €366 | -€312 | -46.0% |
| Cash at bank and in hand | 54/58 | €8,586 | €1,990 | -€6,596 | -76.8% |
| Deferred charges and accrued income | 490/1 | €6,580 | €498 | -€6,082 | -92.4% |
| Total equity and liabilities | 10/49 | €334,405 | €294,754 | -€39,651 | -11.9% |
| Equity | 10/15 | €118,495 | €121,615 | +€3,120 | +2.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,945 | €103,065 | +€3,120 | +3.1% |
| Amounts payable | 17/49 | €215,910 | €173,139 | -€42,771 | -19.8% |
| Amounts payable after more than one year | 17 | €157,135 | €66,297 | -€90,838 | -57.8% |
| Financial debts | 170/4 | €156,095 | €65,257 | -€90,838 | -58.2% |
| Other amounts payable | 178/9 | €1,040 | €1,040 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,775 | €106,842 | +€48,067 | +81.8% |
| Current portion of amounts payable after more than one year | 42 | - | €46,431 | +€46,431 | |
| Trade debts | 44 | €2,460 | €4,819 | +€2,359 | +95.9% |
| Suppliers | 440/4 | €2,460 | €4,819 | +€2,359 | +95.9% |
| Taxes, remuneration and social security | 45 | €6,315 | €3,509 | -€2,806 | -44.4% |
| Taxes | 450/3 | €2,005 | €292 | -€1,713 | -85.4% |
| Remuneration and social security | 454/9 | €4,310 | €3,217 | -€1,093 | -25.4% |
| Other amounts payable | 47/48 | €50,000 | €52,084 | +€2,084 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,808 | €35,161 | +€3,353 | +10.5% |
| Other operating charges | 640/8 | €1,644 | €444 | -€1,200 | -73.0% |
| Gross operating margin | 9900 | €5,628 | €45,177 | +€39,549 | +703% |
| Operating profit (loss) | 9901 | -€27,824 | €9,573 | +€37,397 | |
| Financial charges | 65/66B | €7,590 | €6,670 | -€920 | -12.1% |
| Recurring financial charges | 65 | €7,590 | €6,670 | -€920 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€35,414 | €2,903 | +€38,317 | |
| Income taxes | 67/77 | €4 | -€217 | -€221 | |
| Profit (loss) for the period | 9904 | -€35,418 | €3,120 | +€38,538 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,418 | €3,120 | +€38,538 |
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 15 October 2026 via checked.be.