BELISSA: 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.
BELISSA
Largest movements
- Tangible fixed assets +€99,063
up €99,063 (+298.0%), from €33,240 to €132,303
of which Land and buildings: +€73,600
- Cash +€6,608
up €6,608 (+3.9%), from €171,095 to €177,702
mainly Other debts (+€139,193) and Net result for the year (+€77,252)
- Other debts +€139,193
up €139,193 (+16709.8%), from €833 to €140,026
- Reserves -€62,748
down €62,748 (-40.6%), from €154,602 to €91,854
- Debts after one year +€32,393
up €32,393 (+541.2%), from €5,985 to €38,378
- Trade debts -€18,975
down €18,975 (-96.7%), from €19,625 to €651
- Current portion of long-term debt +€10,118
up €10,118 (+114.4%), from €8,847 to €18,965
- Staff costs -€21,941
down €21,941 (-18.2%), from €120,646 to €98,705
- Gross operating margin -€8,300
down €8,300 (-3.6%), from €233,700 to €225,401
- Depreciation +€7,294
up €7,294 (+96.7%), from €7,543 to €14,837
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 | €216,823 | €322,177 | +€105,354 | +48.6% |
| Fixed assets | 21/28 | €33,240 | €132,303 | +€99,063 | +298.0% |
| Tangible fixed assets | 22/27 | €33,240 | €132,303 | +€99,063 | +298.0% |
| Land and buildings | 22 | - | €73,600 | +€73,600 | |
| Plant, machinery and equipment | 23 | €28,915 | €22,152 | -€6,763 | -23.4% |
| Furniture and vehicles | 24 | €4,325 | €36,551 | +€32,226 | +745.1% |
| Current assets | 29/58 | €183,583 | €189,874 | +€6,291 | +3.4% |
| Amounts receivable within one year | 40/41 | €10,238 | €12,171 | +€1,934 | +18.9% |
| Trade receivables | 40 | €6,032 | - | -€6,032 | |
| Other amounts receivable | 41 | €4,206 | €12,171 | +€7,966 | +189.4% |
| Cash at bank and in hand | 54/58 | €171,095 | €177,702 | +€6,608 | +3.9% |
| Deferred charges and accrued income | 490/1 | €2,250 | - | -€2,250 | |
| Total equity and liabilities | 10/49 | €216,823 | €322,177 | +€105,354 | +48.6% |
| Equity | 10/15 | €156,602 | €93,854 | -€62,748 | -40.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €154,602 | €91,854 | -€62,748 | -40.6% |
| Distributable reserves | 133 | €154,602 | €91,854 | -€62,748 | -40.6% |
| Amounts payable | 17/49 | €60,222 | €228,323 | +€168,102 | +279.1% |
| Amounts payable after more than one year | 17 | €5,985 | €38,378 | +€32,393 | +541.2% |
| Financial debts | 170/4 | €5,985 | €38,378 | +€32,393 | +541.2% |
| Amounts payable within one year | 42/48 | €54,237 | €189,330 | +€135,093 | +249.1% |
| Current portion of amounts payable after more than one year | 42 | €8,847 | €18,965 | +€10,118 | +114.4% |
| Trade debts | 44 | €19,625 | €651 | -€18,975 | -96.7% |
| Suppliers | 440/4 | €19,625 | €651 | -€18,975 | -96.7% |
| Taxes, remuneration and social security | 45 | €24,931 | €29,689 | +€4,758 | +19.1% |
| Taxes | 450/3 | €17,261 | €18,783 | +€1,521 | +8.8% |
| Remuneration and social security | 454/9 | €7,670 | €10,906 | +€3,236 | +42.2% |
| Other amounts payable | 47/48 | €833 | €140,026 | +€139,193 | +16709.8% |
| Accrued charges and deferred income | 492/3 | - | €615 | +€615 | |
| Remuneration, social security and pensions | 62 | €120,646 | €98,705 | -€21,941 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,543 | €14,837 | +€7,294 | +96.7% |
| Other operating charges | 640/8 | €1,370 | €2,600 | +€1,230 | +89.7% |
| Gross operating margin | 9900 | €233,700 | €225,401 | -€8,300 | -3.6% |
| Operating profit (loss) | 9901 | €104,140 | €109,258 | +€5,118 | +4.9% |
| Financial income | 75/76B | €20 | €122 | +€102 | +498.8% |
| Recurring financial income | 75 | €20 | €122 | +€102 | +498.8% |
| Financial charges | 65/66B | €3,283 | €3,486 | +€203 | +6.2% |
| Recurring financial charges | 65 | €3,283 | €3,486 | +€203 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €100,877 | €105,894 | +€5,017 | +5.0% |
| Income taxes | 67/77 | €26,898 | €28,642 | +€1,745 | +6.5% |
| Profit (loss) for the period | 9904 | €73,980 | €77,252 | +€3,272 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,980 | €77,252 | +€3,272 | +4.4% |
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.