BELINI: 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.
BELINI
Largest movements
- Receivables within one year -€18,531
down €18,531 (-99.6%), from €18,604 to €73
- Cash -€11,381
down €11,381 (-33.3%), from €34,164 to €22,783
mainly Other debts (-€17,679) and Net result for the year (-€12,516)
- Deferred charges and accrued income -€598
down €598 (-100.0%), from €598 to €0
- Other debts -€17,679
down €17,679 (-100.0%), from €17,679 to €0
- Profit (loss) carried forward -€12,516
down €12,516 (-15.7%), from -€79,840 to -€92,355
- Depreciation -€11,860
down €11,860 (-98.4%), from €12,055 to €194
- Financial charges -€288
down €288 (-39.7%), from €726 to €438
- Gross operating margin -€281
down €281 (-2.6%), from -€10,799 to -€11,080
- Financial income +€121
up €121 (+604900.0%), from €0 to €121
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 | €53,560 | €22,855 | -€30,705 | -57.3% |
| Fixed assets | 21/28 | €194 | €0 | -€194 | -100.0% |
| Tangible fixed assets | 22/27 | €194 | €0 | -€194 | -100.0% |
| Furniture and vehicles | 24 | €194 | €0 | -€194 | -100.0% |
| Current assets | 29/58 | €53,366 | €22,855 | -€30,510 | -57.2% |
| Amounts receivable within one year | 40/41 | €18,604 | €73 | -€18,531 | -99.6% |
| Other amounts receivable | 41 | €18,604 | €73 | -€18,531 | -99.6% |
| Cash at bank and in hand | 54/58 | €34,164 | €22,783 | -€11,381 | -33.3% |
| Deferred charges and accrued income | 490/1 | €598 | €0 | -€598 | -100.0% |
| Total equity and liabilities | 10/49 | €53,560 | €22,855 | -€30,705 | -57.3% |
| Equity | 10/15 | €34,284 | €21,769 | -€12,516 | -36.5% |
| Contributions | 10/11 | €7,600 | €7,600 | = | 0.0% |
| Reserves | 13 | €106,524 | €106,524 | = | 0.0% |
| Distributable reserves | 133 | €106,524 | €106,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,840 | -€92,355 | -€12,516 | -15.7% |
| Amounts payable | 17/49 | €19,276 | €1,087 | -€18,189 | -94.4% |
| Amounts payable within one year | 42/48 | €19,276 | €1,087 | -€18,189 | -94.4% |
| Trade debts | 44 | €1,061 | €652 | -€409 | -38.5% |
| Suppliers | 440/4 | €1,061 | €652 | -€409 | -38.5% |
| Taxes, remuneration and social security | 45 | €535 | €434 | -€101 | -18.8% |
| Taxes | 450/3 | €535 | €434 | -€101 | -18.8% |
| Other amounts payable | 47/48 | €17,679 | €0 | -€17,679 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,055 | €194 | -€11,860 | -98.4% |
| Other operating charges | 640/8 | €774 | €706 | -€68 | -8.8% |
| Gross operating margin | 9900 | -€10,799 | -€11,080 | -€281 | -2.6% |
| Operating profit (loss) | 9901 | -€23,628 | -€11,981 | +€11,647 | +49.3% |
| Financial income | 75/76B | €0 | €121 | +€121 | +604900.0% |
| Recurring financial income | 75 | €0 | €121 | +€121 | +604900.0% |
| Financial charges | 65/66B | €726 | €438 | -€288 | -39.7% |
| Recurring financial charges | 65 | €726 | €438 | -€288 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,354 | -€12,298 | +€12,056 | +49.5% |
| Income taxes | 67/77 | €216 | €218 | +€2 | +0.7% |
| Profit (loss) for the period | 9904 | -€24,570 | -€12,516 | +€12,054 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,570 | -€12,516 | +€12,054 | +49.1% |
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 8 October 2026 via checked.be.