BELISTYLE: what changed
What changed
BELISTYLE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€85,014
2024 · €660,313-€745,327
Equity
-€589,115
2024 · -€504,101-€85,014
Cash
€1,985
2024 · €2,246-€260
Balance sheet total
€542,219
2024 · €2.2m-€1.7m
Largest movements
Assets
- Receivables within one year -€1.7m
down €1.7m (-75.8%), from €2.2m to €540,022
of which Other amounts receivable: -€1.5m
Equity and liabilities
- Trade debts -€2.5m
down €2.5m (-98.2%), from €2.5m to €44,049
- Other debts +€970,525
up €970,525 (+8,698%), from €11,158 to €981,683
- Accrued charges and deferred income -€85,800
down €85,800 (-100%), from €85,800 to €0
- Profit (loss) carried forward -€85,014
down €85,014 (-14.9%), from -€571,580 to -€656,594
- Current portion of long-term debt -€35,165
down €35,165 (-26.3%), from €133,778 to €98,613
Income statement
- Gross operating margin -€1.6m
down €1.6m, from €1.6m to -€29,287
- Staff costs -€869,647
down €869,647 (-99.9%), from €870,342 to €695
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€660,313
Gross operating margin
-€1.6m
Staff costs
+€869,647
Write-downs
-€373
Other operating charges
+€7,321
Financial income
-€3,063
Financial charges
+€3,856
Taxes
-€1,368
Result 2025
-€85,014
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€34,904
Investment
€0
Financing
-€35,165
Cash 2024
€2,246
From operations (derived)
+€34,904
Net result for the year
-€85,014
Receivables within one year
+€1.7m
Smaller working-capital items
+€3,606
Trade debts
-€2.5m
Other debts
+€970,525
Accrued charges and deferred income
-€85,800
Financing
-€35,165
Current portion of long-term debt
-€35,165
Cash 2025
€1,985
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,232,623 | €542,219 | -€1.7m | -75.7% |
| Fixed assets | 21/28 | €0 | - | = | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,232,623 | €542,219 | -€1.7m | -75.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,230,378 | €540,022 | -€1.7m | -75.8% |
| Trade receivables | 40 | €234,758 | €78,515 | -€156,243 | -66.6% |
| Other amounts receivable | 41 | €1,995,619 | €461,507 | -€1.5m | -76.9% |
| Cash at bank and in hand | 54/58 | €2,246 | €1,985 | -€260 | -11.6% |
| Deferred charges and accrued income | 490/1 | €0 | €212 | +€212 | |
| Total equity and liabilities | 10/49 | €2,232,623 | €542,219 | -€1.7m | -75.7% |
| Equity | 10/15 | -€504,101 | -€589,115 | -€85,014 | -16.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €42,480 | €42,480 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €39,980 | €39,980 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€571,580 | -€656,594 | -€85,014 | -14.9% |
| Amounts payable | 17/49 | €2,736,724 | €1,131,334 | -€1.6m | -58.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,650,924 | €1,131,334 | -€1.5m | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €133,778 | €98,613 | -€35,165 | -26.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,502,818 | €44,049 | -€2.5m | -98.2% |
| Suppliers | 440/4 | €2,502,818 | €44,049 | -€2.5m | -98.2% |
| Taxes, remuneration and social security | 45 | €3,171 | €6,988 | +€3,818 | +120% |
| Taxes | 450/3 | €3,171 | €6,988 | +€3,818 | +120% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,158 | €981,683 | +€970,525 | +8,698% |
| Accrued charges and deferred income | 492/3 | €85,800 | €0 | -€85,800 | -100% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €870,342 | €695 | -€869,647 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,285 | -€15,912 | +€373 | +2.3% |
| Other operating charges | 640/8 | €17,021 | €9,701 | -€7,321 | -43.0% |
| Gross operating margin | 9900 | €1,592,060 | -€29,287 | -€1.6m | |
| Operating profit (loss) | 9901 | €720,981 | -€23,770 | -€744,752 | |
| Financial income | 75/76B | €3,063 | €0 | -€3,063 | -100.0% |
| Recurring financial income | 75 | €3,063 | €0 | -€3,063 | -100.0% |
| Financial charges | 65/66B | €63,732 | €59,876 | -€3,856 | -6.1% |
| Recurring financial charges | 65 | €63,732 | €59,876 | -€3,856 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €660,313 | -€83,646 | -€743,959 | |
| Income taxes | 67/77 | €0 | €1,368 | +€1,368 | |
| Profit (loss) for the period | 9904 | €660,313 | -€85,014 | -€745,327 | |
| Profit (loss) for the period to be appropriated | 9905 | €660,313 | -€85,014 | -€745,327 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.