BELIVA: 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.
BELIVA
Largest movements
- Current investments +€1.3m
up €1.3m (+7.8%), from €17.4m to €18.7m
- Cash -€717,278
down €717,278 (-20.8%), from €3.5m to €2.7m
mainly Current investments (-€1.3m) and Receivables within one year (-€84,243)
- Profit (loss) carried forward +€705,950
up €705,950 (+1.8%), from €40.0m to €40.7m
- Financial income +€411,197
up €411,197 (+97.5%), from €421,578 to €832,774
- Gross operating margin -€56,068
down €56,068 (-521.8%), from -€10,745 to -€66,813
- Taxes -€51,308
down €51,308 (-98.5%), from €52,103 to €795
- Financial charges +€15,593
up €15,593 (+57.4%), from €27,182 to €42,775
- Other operating charges +€6,252
up €6,252 (+61.4%), from €10,190 to €16,441
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 | €40,899,812 | €41,608,712 | +€708,900 | +1.7% |
| Current assets | 29/58 | €40,899,812 | €41,608,712 | +€708,900 | +1.7% |
| Amounts receivable within one year | 40/41 | €20,074,250 | €20,158,493 | +€84,243 | +0.4% |
| Other amounts receivable | 41 | €20,074,250 | €20,158,493 | +€84,243 | +0.4% |
| Current investments | 50/53 | €17,358,703 | €18,705,418 | +€1.3m | +7.8% |
| Cash at bank and in hand | 54/58 | €3,454,523 | €2,737,244 | -€717,278 | -20.8% |
| Deferred charges and accrued income | 490/1 | €12,336 | €7,556 | -€4,779 | -38.7% |
| Total equity and liabilities | 10/49 | €40,899,812 | €41,608,712 | +€708,900 | +1.7% |
| Equity | 10/15 | €40,895,143 | €41,601,093 | +€705,950 | +1.7% |
| Contributions | 10/11 | €348,072 | €348,072 | = | 0.0% |
| Reserves | 13 | €519,006 | €519,006 | = | 0.0% |
| Tax-exempt reserves | 132 | €136,341 | €136,341 | = | 0.0% |
| Distributable reserves | 133 | €382,665 | €382,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,028,065 | €40,734,015 | +€705,950 | +1.8% |
| Amounts payable | 17/49 | €4,668 | €7,618 | +€2,950 | +63.2% |
| Amounts payable within one year | 42/48 | - | €5,351 | +€5,351 | |
| Trade debts | 44 | - | €998 | +€998 | |
| Suppliers | 440/4 | - | €998 | +€998 | |
| Taxes, remuneration and social security | 45 | - | €4,353 | +€4,353 | |
| Taxes | 450/3 | - | €4,353 | +€4,353 | |
| Accrued charges and deferred income | 492/3 | €4,668 | €2,267 | -€2,401 | -51.4% |
| Other operating charges | 640/8 | €10,190 | €16,441 | +€6,252 | +61.4% |
| Gross operating margin | 9900 | -€10,745 | -€66,813 | -€56,068 | -521.8% |
| Operating profit (loss) | 9901 | -€20,934 | -€83,254 | -€62,320 | -297.7% |
| Financial income | 75/76B | €421,578 | €832,774 | +€411,197 | +97.5% |
| Recurring financial income | 75 | €421,578 | €832,774 | +€411,197 | +97.5% |
| Financial charges | 65/66B | €27,182 | €42,775 | +€15,593 | +57.4% |
| Recurring financial charges | 65 | €27,182 | €42,775 | +€15,593 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | €373,461 | €706,745 | +€333,284 | +89.2% |
| Income taxes | 67/77 | €52,103 | €795 | -€51,308 | -98.5% |
| Profit (loss) for the period | 9904 | €321,358 | €705,950 | +€384,592 | +119.7% |
| Transfer from tax-exempt reserves | 789 | €1,623,275 | €0 | -€1.6m | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,944,634 | €705,950 | -€1.2m | -63.7% |
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.