BELIXA: 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.
BELIXA
Largest movements
- Cash -€20,021
down €20,021 (-28.5%), from €70,350 to €50,329
mainly Contributions, distributions and other (-€43,219) and Other debts (-€13,058)
- Receivables within one year +€7,180
up €7,180 (+55.8%), from €12,858 to €20,038
of which Trade receivables: +€7,180
- Deferred charges and accrued income +€1,904
up €1,904 (+288%), from €662 to €2,566
- Other debts -€13,058
down €13,058 (-23.0%), from €56,831 to €43,773
- Tax, wage and social debts +€2,871
up €2,871 (+28.7%), from €10,017 to €12,888
- Accrued charges and deferred income -€1,737
down €1,737 (-81.3%), from €2,137 to €400
- Gross operating margin -€9,018
down €9,018 (-13.3%), from €67,609 to €58,591
- Financial charges -€1,355
down €1,355 (-60.9%), from €2,225 to €871
- Taxes -€1,340
down €1,340 (-9.2%), from €14,547 to €13,207
- Financial income -€694
down €694 (-80.2%), from €865 to €171
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,535 | €75,809 | -€11,725 | -13.4% |
| Fixed assets | 21/28 | €3,665 | €2,878 | -€788 | -21.5% |
| Tangible fixed assets | 22/27 | €3,665 | €2,878 | -€788 | -21.5% |
| Furniture and vehicles | 24 | €3,665 | €2,878 | -€788 | -21.5% |
| Current assets | 29/58 | €83,869 | €72,932 | -€10,937 | -13.0% |
| Amounts receivable within one year | 40/41 | €12,858 | €20,038 | +€7,180 | +55.8% |
| Trade receivables | 40 | €12,858 | €20,038 | +€7,180 | +55.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €70,350 | €50,329 | -€20,021 | -28.5% |
| Deferred charges and accrued income | 490/1 | €662 | €2,566 | +€1,904 | +288% |
| Total equity and liabilities | 10/49 | €87,535 | €75,809 | -€11,725 | -13.4% |
| Equity | 10/15 | €18,550 | €18,550 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,985 | €57,259 | -€11,725 | -17.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €66,848 | €56,860 | -€9,988 | -14.9% |
| Trade debts | 44 | €0 | €198 | +€198 | |
| Suppliers | 440/4 | €0 | €198 | +€198 | |
| Taxes, remuneration and social security | 45 | €10,017 | €12,888 | +€2,871 | +28.7% |
| Taxes | 450/3 | €10,017 | €12,888 | +€2,871 | +28.7% |
| Other amounts payable | 47/48 | €56,831 | €43,773 | -€13,058 | -23.0% |
| Accrued charges and deferred income | 492/3 | €2,137 | €400 | -€1,737 | -81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €788 | +€381 | +93.5% |
| Other operating charges | 640/8 | €1,127 | €677 | -€450 | -39.9% |
| Gross operating margin | 9900 | €67,609 | €58,591 | -€9,018 | -13.3% |
| Operating profit (loss) | 9901 | €66,075 | €57,126 | -€8,949 | -13.5% |
| Financial income | 75/76B | €865 | €171 | -€694 | -80.2% |
| Recurring financial income | 75 | €865 | €171 | -€694 | -80.2% |
| Financial charges | 65/66B | €2,225 | €871 | -€1,355 | -60.9% |
| Recurring financial charges | 65 | €2,225 | €871 | -€1,355 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €64,715 | €56,427 | -€8,288 | -12.8% |
| Income taxes | 67/77 | €14,547 | €13,207 | -€1,340 | -9.2% |
| Profit (loss) for the period | 9904 | €50,168 | €43,219 | -€6,949 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,168 | €43,219 | -€6,949 | -13.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.