Belle Amour: 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.
Belle Amour
Largest movements
- Tangible fixed assets -€9,004
down €9,004 (-1.2%), from €773,264 to €764,260
of which Land and buildings: -€5,831
- Other debts -€154,192
down €154,192 (-78.5%), from €196,395 to €42,203
- Debts after one year +€121,079
up €121,079 (+19.9%), from €608,016 to €729,095
of which Other amounts payable: +€150,000
- Reserves +€27,687
new in 2025: €27,687
- Trade debts -€14,794
down €14,794 (-74.1%), from €19,957 to €5,163
- Profit (loss) carried forward +€9,730
no longer reported in 2025 (was -€9,730)
- Gross operating margin +€17,247
up €17,247 (+16.9%), from €102,143 to €119,390
- Depreciation +€7,901
up €7,901 (+14.7%), from €53,790 to €61,690
- Financial income +€3,271
up €3,271 (+41.4%), from €7,899 to €11,170
- Taxes +€1,899
up €1,899 (+481%), from €395 to €2,294
- Financial charges -€1,418
down €1,418 (-5.0%), from €28,195 to €26,777
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 | €865,555 | €853,287 | -€12,268 | -1.4% |
| Fixed assets | 21/28 | €779,070 | €768,365 | -€10,704 | -1.4% |
| Intangible fixed assets | 21 | €5,806 | €4,106 | -€1,700 | -29.3% |
| Tangible fixed assets | 22/27 | €773,264 | €764,260 | -€9,004 | -1.2% |
| Land and buildings | 22 | €761,990 | €756,159 | -€5,831 | -0.8% |
| Plant, machinery and equipment | 23 | €4,708 | €3,036 | -€1,672 | -35.5% |
| Furniture and vehicles | 24 | €6,567 | €5,065 | -€1,502 | -22.9% |
| Current assets | 29/58 | €86,485 | €84,922 | -€1,564 | -1.8% |
| Stocks and contracts in progress | 3 | €23,047 | €26,210 | +€3,163 | +13.7% |
| Stocks | 30/36 | €23,047 | €26,210 | +€3,163 | +13.7% |
| Amounts receivable within one year | 40/41 | €37,861 | €31,984 | -€5,877 | -15.5% |
| Trade receivables | 40 | €26,513 | €31,886 | +€5,373 | +20.3% |
| Other amounts receivable | 41 | €11,348 | €98 | -€11,250 | -99.1% |
| Cash at bank and in hand | 54/58 | €25,393 | €26,000 | +€608 | +2.4% |
| Deferred charges and accrued income | 490/1 | €184 | €727 | +€543 | +294% |
| Total equity and liabilities | 10/49 | €865,555 | €853,287 | -€12,268 | -1.4% |
| Equity | 10/15 | €270 | €37,687 | +€37,416 | +13,836% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €27,687 | +€27,687 | |
| Distributable reserves | 133 | - | €27,687 | +€27,687 | |
| Profit (loss) carried forward | 14 | -€9,730 | - | +€9,730 | |
| Amounts payable | 17/49 | €865,285 | €815,600 | -€49,684 | -5.7% |
| Amounts payable after more than one year | 17 | €608,016 | €729,095 | +€121,079 | +19.9% |
| Financial debts | 170/4 | €608,016 | €579,095 | -€28,921 | -4.8% |
| Other amounts payable | 178/9 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €252,390 | €83,844 | -€168,546 | -66.8% |
| Current portion of amounts payable after more than one year | 42 | €28,109 | €28,921 | +€811 | +2.9% |
| Trade debts | 44 | €19,957 | €5,163 | -€14,794 | -74.1% |
| Suppliers | 440/4 | €19,957 | €5,163 | -€14,794 | -74.1% |
| Taxes, remuneration and social security | 45 | €7,929 | €7,557 | -€372 | -4.7% |
| Taxes | 450/3 | €7,929 | €7,557 | -€372 | -4.7% |
| Other amounts payable | 47/48 | €196,395 | €42,203 | -€154,192 | -78.5% |
| Accrued charges and deferred income | 492/3 | €4,879 | €2,662 | -€2,218 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,790 | €61,690 | +€7,901 | +14.7% |
| Other operating charges | 640/8 | €2,547 | €2,382 | -€165 | -6.5% |
| Gross operating margin | 9900 | €102,143 | €119,390 | +€17,247 | +16.9% |
| Operating profit (loss) | 9901 | €45,806 | €55,318 | +€9,512 | +20.8% |
| Financial income | 75/76B | €7,899 | €11,170 | +€3,271 | +41.4% |
| Recurring financial income | 75 | €7,899 | €11,170 | +€3,271 | +41.4% |
| Financial charges | 65/66B | €28,195 | €26,777 | -€1,418 | -5.0% |
| Recurring financial charges | 65 | €28,195 | €26,777 | -€1,418 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €25,510 | €39,711 | +€14,201 | +55.7% |
| Income taxes | 67/77 | €395 | €2,294 | +€1,899 | +481% |
| Profit (loss) for the period | 9904 | €25,115 | €37,416 | +€12,301 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,115 | €37,416 | +€12,301 | +49.0% |
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 25 October 2026 via checked.be.