BELIVER: 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.
BELIVER
Largest movements
- Tangible fixed assets -€17,533
down €17,533 (-7.0%), from €250,761 to €233,228
of which Furniture and vehicles: -€11,670
- Current investments +€9,206
up €9,206 (+2.2%), from €409,387 to €418,593
- Reserves -€9,327
down €9,327 (-1.4%), from €645,422 to €636,095
of which Distributable reserves: -€9,327
- Tax, wage and social debts -€7,989
down €7,989 (-40.8%), from €19,582 to €11,593
- Other debts +€7,158
up €7,158 (+275.3%), from €2,600 to €9,758
- Gross operating margin -€60,647
down €60,647 (-89.9%), from €67,461 to €6,814
- Taxes -€17,249
down €17,249 (-96.3%), from €17,916 to €667
- Financial charges +€10,504
up €10,504 (+99.4%), from -€10,570 to -€66
- Financial income -€2,898
down €2,898 (-42.4%), from €6,843 to €3,945
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 | €693,839 | €680,161 | -€13,678 | -2.0% |
| Fixed assets | 21/28 | €250,761 | €233,228 | -€17,533 | -7.0% |
| Tangible fixed assets | 22/27 | €250,761 | €233,228 | -€17,533 | -7.0% |
| Land and buildings | 22 | €223,714 | €217,851 | -€5,863 | -2.6% |
| Furniture and vehicles | 24 | €27,047 | €15,377 | -€11,670 | -43.1% |
| Current assets | 29/58 | €443,078 | €446,933 | +€3,855 | +0.9% |
| Amounts receivable within one year | 40/41 | €16,268 | €13,245 | -€3,023 | -18.6% |
| Trade receivables | 40 | €14,520 | €12,100 | -€2,420 | -16.7% |
| Other amounts receivable | 41 | €1,748 | €1,145 | -€603 | -34.5% |
| Current investments | 50/53 | €409,387 | €418,593 | +€9,206 | +2.2% |
| Cash at bank and in hand | 54/58 | €11,318 | €9,556 | -€1,762 | -15.6% |
| Deferred charges and accrued income | 490/1 | €6,105 | €5,539 | -€566 | -9.3% |
| Total equity and liabilities | 10/49 | €693,839 | €680,161 | -€13,678 | -2.0% |
| Equity | 10/15 | €664,022 | €654,695 | -€9,327 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €645,422 | €636,095 | -€9,327 | -1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €643,562 | €634,235 | -€9,327 | -1.4% |
| Amounts payable | 17/49 | €29,817 | €25,466 | -€4,351 | -14.6% |
| Amounts payable within one year | 42/48 | €29,307 | €21,669 | -€7,638 | -26.1% |
| Trade debts | 44 | €7,126 | €318 | -€6,808 | -95.5% |
| Suppliers | 440/4 | €7,126 | €318 | -€6,808 | -95.5% |
| Taxes, remuneration and social security | 45 | €19,582 | €11,593 | -€7,989 | -40.8% |
| Taxes | 450/3 | €19,582 | €11,593 | -€7,989 | -40.8% |
| Other amounts payable | 47/48 | €2,600 | €9,758 | +€7,158 | +275.3% |
| Accrued charges and deferred income | 492/3 | €509 | €3,797 | +€3,288 | +645.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,296 | €17,533 | +€237 | +1.4% |
| Other operating charges | 640/8 | €1,889 | €1,952 | +€63 | +3.3% |
| Gross operating margin | 9900 | €67,461 | €6,814 | -€60,647 | -89.9% |
| Operating profit (loss) | 9901 | €48,277 | -€12,671 | -€60,948 | |
| Financial income | 75/76B | €6,843 | €3,945 | -€2,898 | -42.4% |
| Recurring financial income | 75 | €6,843 | €3,945 | -€2,898 | -42.4% |
| Financial charges | 65/66B | -€10,570 | -€66 | +€10,504 | +99.4% |
| Recurring financial charges | 65 | -€10,570 | -€66 | +€10,504 | +99.4% |
| Profit (loss) for the period before taxes | 9903 | €65,690 | -€8,660 | -€74,350 | |
| Income taxes | 67/77 | €17,916 | €667 | -€17,249 | -96.3% |
| Profit (loss) for the period | 9904 | €47,774 | -€9,327 | -€57,101 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,774 | -€9,327 | -€57,101 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.