BELIXIR: 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.
BELIXIR
Largest movements
- Tangible fixed assets -€2,519
down €2,519 (-21.5%), from €11,702 to €9,183
of which Other tangible fixed assets: -€1,534
- Cash +€1,316
up €1,316 (+51.7%), from €2,544 to €3,859
mainly Depreciation (+€2,519) and Receivables within one year (+€176)
- Receivables within one year -€176
down €176 (-60.8%), from €289 to €113
of which Trade receivables: -€213
- Other debts -€1,550
down €1,550 (-10.4%), from €14,921 to €13,371
- Gross operating margin +€3,455
up €3,455, from -€219 to €3,236
- Depreciation -€506
down €506 (-16.7%), from €3,025 to €2,519
- Other operating charges +€203
up €203 (+49.2%), from €413 to €616
- Financial charges +€33
up €33 (+77.0%), from €42 to €75
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.
Derived cash bridge
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 | €14,535 | €13,156 | -€1,379 | -9.5% |
| Fixed assets | 21/28 | €11,702 | €9,183 | -€2,519 | -21.5% |
| Tangible fixed assets | 22/27 | €11,702 | €9,183 | -€2,519 | -21.5% |
| Land and buildings | 22 | €1,755 | €1,560 | -€195 | -11.1% |
| Furniture and vehicles | 24 | €1,580 | €790 | -€790 | -50.0% |
| Other tangible fixed assets | 26 | €8,367 | €6,833 | -€1,534 | -18.3% |
| Current assets | 29/58 | €2,833 | €3,973 | +€1,140 | +40.2% |
| Amounts receivable within one year | 40/41 | €289 | €113 | -€176 | -60.8% |
| Trade receivables | 40 | €289 | €76 | -€213 | -73.6% |
| Other amounts receivable | 41 | - | €37 | +€37 | |
| Cash at bank and in hand | 54/58 | €2,544 | €3,859 | +€1,316 | +51.7% |
| Total equity and liabilities | 10/49 | €14,535 | €13,156 | -€1,379 | -9.5% |
| Equity | 10/15 | -€962 | -€937 | +€26 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,562 | -€19,537 | +€26 | +0.1% |
| Amounts payable | 17/49 | €15,497 | €14,093 | -€1,405 | -9.1% |
| Amounts payable within one year | 42/48 | €15,497 | €14,093 | -€1,405 | -9.1% |
| Trade debts | 44 | €577 | €722 | +€145 | +25.2% |
| Suppliers | 440/4 | €577 | €722 | +€145 | +25.2% |
| Other amounts payable | 47/48 | €14,921 | €13,371 | -€1,550 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,025 | €2,519 | -€506 | -16.7% |
| Other operating charges | 640/8 | €413 | €616 | +€203 | +49.2% |
| Gross operating margin | 9900 | -€219 | €3,236 | +€3,455 | |
| Operating profit (loss) | 9901 | -€3,658 | €101 | +€3,759 | |
| Financial charges | 65/66B | €42 | €75 | +€33 | +77.0% |
| Recurring financial charges | 65 | €42 | €75 | +€33 | +77.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,700 | €26 | +€3,726 | |
| Profit (loss) for the period | 9904 | -€3,700 | €26 | +€3,726 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,700 | €26 | +€3,726 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.