BELIP: 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.
BELIP
Largest movements
- Receivables within one year +€33,543
up €33,543 (+8086.7%), from €415 to €33,958
- Reserves +€31,710
up €31,710 (+16.5%), from €192,279 to €223,990
- Tax, wage and social debts +€3,182
up €3,182 (+56.7%), from €5,614 to €8,796
of which Taxes: +€3,182
- Gross operating margin +€10,756
up €10,756 (+32.1%), from €33,533 to €44,288
- Taxes +€2,860
up €2,860 (+29.8%), from €9,585 to €12,446
- Other operating charges -€619
down €619 (-27.6%), from €2,238 to €1,620
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 | €219,935 | €253,761 | +€33,826 | +15.4% |
| Fixed assets | 21/28 | €4,395 | €2,865 | -€1,530 | -34.8% |
| Tangible fixed assets | 22/27 | €4,395 | €2,865 | -€1,530 | -34.8% |
| Land and buildings | 22 | €3,711 | €2,474 | -€1,237 | -33.3% |
| Plant, machinery and equipment | 23 | €684 | €391 | -€293 | -42.8% |
| Current assets | 29/58 | €215,540 | €250,896 | +€35,356 | +16.4% |
| Amounts receivable after more than one year | 29 | €214,971 | €214,971 | = | 0.0% |
| Other amounts receivable | 291 | €214,971 | €214,971 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €415 | €33,958 | +€33,543 | +8086.7% |
| Other amounts receivable | 41 | €415 | €33,958 | +€33,543 | +8086.7% |
| Cash at bank and in hand | 54/58 | €110 | €1,939 | +€1,829 | +1662.3% |
| Deferred charges and accrued income | 490/1 | €44 | €28 | -€16 | -37.1% |
| Total equity and liabilities | 10/49 | €219,935 | €253,761 | +€33,826 | +15.4% |
| Equity | 10/15 | €210,879 | €242,590 | +€31,710 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €192,279 | €223,990 | +€31,710 | +16.5% |
| Distributable reserves | 133 | €192,279 | €223,990 | +€31,710 | +16.5% |
| Amounts payable | 17/49 | €9,056 | €11,172 | +€2,116 | +23.4% |
| Amounts payable within one year | 42/48 | €9,056 | €11,172 | +€2,116 | +23.4% |
| Financial debts | 43 | €940 | - | -€940 | |
| Credit institutions | 430/8 | €940 | - | -€940 | |
| Trade debts | 44 | €2,502 | €2,375 | -€127 | -5.1% |
| Suppliers | 440/4 | €2,502 | €2,375 | -€127 | -5.1% |
| Taxes, remuneration and social security | 45 | €5,614 | €8,796 | +€3,182 | +56.7% |
| Taxes | 450/3 | €1,614 | €4,796 | +€3,182 | +197.2% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,530 | €1,530 | = | 0.0% |
| Other operating charges | 640/8 | €2,238 | €1,620 | -€619 | -27.6% |
| Gross operating margin | 9900 | €33,533 | €44,288 | +€10,756 | +32.1% |
| Operating profit (loss) | 9901 | €29,765 | €41,139 | +€11,374 | +38.2% |
| Financial income | 75/76B | €3,938 | €4,300 | +€362 | +9.2% |
| Recurring financial income | 75 | €3,938 | €4,300 | +€362 | +9.2% |
| Financial charges | 65/66B | €1,071 | €1,283 | +€212 | +19.8% |
| Recurring financial charges | 65 | €1,071 | €1,283 | +€212 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €32,631 | €44,156 | +€11,525 | +35.3% |
| Income taxes | 67/77 | €9,585 | €12,446 | +€2,860 | +29.8% |
| Profit (loss) for the period | 9904 | €23,046 | €31,710 | +€8,664 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,046 | €31,710 | +€8,664 | +37.6% |
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 2 October 2026 via checked.be.