BELISA: 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.
BELISA
Largest movements
- Cash +€105,611
up €105,611 (+267%), from €39,584 to €145,195
mainly Current investments (+€75,000) and Net result for the year (+€36,439)
- Current investments -€75,000
down €75,000 (-100%), from €75,000 to €0
- Tangible fixed assets -€19,229
down €19,229 (-22.2%), from €86,487 to €67,258
of which Furniture and vehicles: -€17,985
- Receivables within one year +€12,973
up €12,973 (+38.4%), from €33,788 to €46,761
- Reserves +€36,439
up €36,439 (+18.7%), from €194,739 to €231,178
of which Distributable reserves: +€36,439
- Tax, wage and social debts -€10,603
down €10,603 (-46.6%), from €22,734 to €12,131
of which Taxes: -€9,741
- Gross operating margin -€48,444
down €48,444 (-40.1%), from €120,912 to €72,468
- Staff costs -€19,878
down €19,878 (-100%), from €19,878 to €0
- Taxes -€8,375
down €8,375 (-36.5%), from €22,962 to €14,587
- Depreciation +€6,602
up €6,602 (+42.7%), from €15,453 to €22,055
- Financial income +€1,222
up €1,222 (+401%), from €305 to €1,527
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 | €244,781 | €269,417 | +€24,635 | +10.1% |
| Fixed assets | 21/28 | €86,487 | €67,258 | -€19,229 | -22.2% |
| Tangible fixed assets | 22/27 | €86,487 | €67,258 | -€19,229 | -22.2% |
| Plant, machinery and equipment | 23 | €795 | €465 | -€330 | -41.5% |
| Furniture and vehicles | 24 | €79,591 | €61,605 | -€17,985 | -22.6% |
| Other tangible fixed assets | 26 | €6,101 | €5,187 | -€914 | -15.0% |
| Current assets | 29/58 | €158,294 | €202,159 | +€43,865 | +27.7% |
| Amounts receivable within one year | 40/41 | €33,788 | €46,761 | +€12,973 | +38.4% |
| Trade receivables | 40 | €33,788 | €46,761 | +€12,973 | +38.4% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €39,584 | €145,195 | +€105,611 | +267% |
| Deferred charges and accrued income | 490/1 | €9,922 | €10,202 | +€281 | +2.8% |
| Total equity and liabilities | 10/49 | €244,781 | €269,417 | +€24,635 | +10.1% |
| Equity | 10/15 | €208,648 | €243,756 | +€35,109 | +16.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €194,739 | €231,178 | +€36,439 | +18.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €194,739 | €231,178 | +€36,439 | +18.7% |
| Profit (loss) carried forward | 14 | €7,709 | €6,379 | -€1,330 | -17.3% |
| Amounts payable | 17/49 | €36,134 | €25,660 | -€10,473 | -29.0% |
| Amounts payable within one year | 42/48 | €26,539 | €17,003 | -€9,536 | -35.9% |
| Trade debts | 44 | €2,475 | €3,542 | +€1,067 | +43.1% |
| Suppliers | 440/4 | €2,475 | €3,542 | +€1,067 | +43.1% |
| Taxes, remuneration and social security | 45 | €22,734 | €12,131 | -€10,603 | -46.6% |
| Taxes | 450/3 | €21,872 | €12,131 | -€9,741 | -44.5% |
| Remuneration and social security | 454/9 | €862 | €0 | -€862 | -100% |
| Other amounts payable | 47/48 | €1,330 | €1,330 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,594 | €8,657 | -€937 | -9.8% |
| Non-recurring operating income | 76A | €16,380 | €0 | -€16,380 | -100% |
| Remuneration, social security and pensions | 62 | €19,878 | €0 | -€19,878 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,453 | €22,055 | +€6,602 | +42.7% |
| Other operating charges | 640/8 | €918 | €843 | -€75 | -8.2% |
| Gross operating margin | 9900 | €120,912 | €72,468 | -€48,444 | -40.1% |
| Operating profit (loss) | 9901 | €84,663 | €49,570 | -€35,093 | -41.4% |
| Financial income | 75/76B | €305 | €1,527 | +€1,222 | +401% |
| Recurring financial income | 75 | €305 | €1,527 | +€1,222 | +401% |
| Financial charges | 65/66B | €101 | €71 | -€30 | -29.5% |
| Recurring financial charges | 65 | €101 | €71 | -€30 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €84,866 | €51,025 | -€33,841 | -39.9% |
| Income taxes | 67/77 | €22,962 | €14,587 | -€8,375 | -36.5% |
| Profit (loss) for the period | 9904 | €61,904 | €36,439 | -€25,466 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,904 | €36,439 | -€25,466 | -41.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.