BELLE BARRUS: 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 BARRUS
Largest movements
- Cash +€315,062
up €315,062 (+168%), from €187,693 to €502,755
mainly Net result for the year (+€376,946) and Investment in fixed assets (net) (+€149,760)
- Tangible fixed assets -€170,152
down €170,152 (-57.0%), from €298,450 to €128,299
of which Land and buildings: -€164,713
- Receivables within one year +€104,554
up €104,554 (+236%), from €44,222 to €148,776
of which Trade receivables: +€115,308
- Current investments +€100,000
up €100,000 (+8.3%), from €1.2m to €1.3m
- Reserves +€289,146
up €289,146 (+18.9%), from €1.5m to €1.8m
- Tax, wage and social debts +€29,076
up €29,076 (+141%), from €20,662 to €49,738
- Other debts +€27,960
up €27,960 (+4.2%), from €673,000 to €700,960
- Gross operating margin -€214,744
down €214,744 (-26.5%), from €809,340 to €594,597
- Taxes -€79,919
down €79,919 (-31.6%), from €252,525 to €172,607
- Financial charges +€52,973
up €52,973 (+46,128%), from €115 to €53,088
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 | €2,400,365 | €2,749,830 | +€349,465 | +14.6% |
| Fixed assets | 21/28 | €298,450 | €128,299 | -€170,152 | -57.0% |
| Tangible fixed assets | 22/27 | €298,450 | €128,299 | -€170,152 | -57.0% |
| Land and buildings | 22 | €263,939 | €99,226 | -€164,713 | -62.4% |
| Plant, machinery and equipment | 23 | €30,532 | €27,067 | -€3,465 | -11.3% |
| Furniture and vehicles | 24 | €3,979 | €2,006 | -€1,973 | -49.6% |
| Current assets | 29/58 | €2,101,915 | €2,621,532 | +€519,617 | +24.7% |
| Amounts receivable after more than one year | 29 | €670,000 | €670,000 | = | 0.0% |
| Other amounts receivable | 291 | €670,000 | €670,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,222 | €148,776 | +€104,554 | +236% |
| Trade receivables | 40 | €33,468 | €148,776 | +€115,308 | +345% |
| Other amounts receivable | 41 | €10,754 | - | -€10,754 | |
| Current investments | 50/53 | €1,200,000 | €1,300,000 | +€100,000 | +8.3% |
| Cash at bank and in hand | 54/58 | €187,693 | €502,755 | +€315,062 | +168% |
| Total equity and liabilities | 10/49 | €2,400,365 | €2,749,830 | +€349,465 | +14.6% |
| Equity | 10/15 | €1,705,939 | €1,995,085 | +€289,146 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,527,859 | €1,817,005 | +€289,146 | +18.9% |
| Distributable reserves | 133 | €1,527,859 | €1,817,005 | +€289,146 | +18.9% |
| Profit (loss) carried forward | 14 | €159,480 | €159,480 | = | 0.0% |
| Amounts payable | 17/49 | €694,426 | €754,745 | +€60,320 | +8.7% |
| Amounts payable within one year | 42/48 | €694,426 | €754,745 | +€60,320 | +8.7% |
| Trade debts | 44 | €764 | €4,048 | +€3,283 | +430% |
| Suppliers | 440/4 | €764 | €4,048 | +€3,283 | +430% |
| Taxes, remuneration and social security | 45 | €20,662 | €49,738 | +€29,076 | +141% |
| Taxes | 450/3 | €20,662 | €49,738 | +€29,076 | +141% |
| Other amounts payable | 47/48 | €673,000 | €700,960 | +€27,960 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,019 | €20,392 | -€2,627 | -11.4% |
| Other operating charges | 640/8 | €3,812 | €901 | -€2,911 | -76.4% |
| Gross operating margin | 9900 | €809,340 | €594,597 | -€214,744 | -26.5% |
| Operating profit (loss) | 9901 | €782,509 | €573,304 | -€209,205 | -26.7% |
| Financial income | 75/76B | €22,122 | €29,337 | +€7,215 | +32.6% |
| Recurring financial income | 75 | €22,122 | €29,337 | +€7,215 | +32.6% |
| Financial charges | 65/66B | €115 | €53,088 | +€52,973 | +46,128% |
| Recurring financial charges | 65 | €115 | €53,088 | +€52,973 | +46,128% |
| Profit (loss) for the period before taxes | 9903 | €804,515 | €549,552 | -€254,963 | -31.7% |
| Income taxes | 67/77 | €252,525 | €172,607 | -€79,919 | -31.6% |
| Profit (loss) for the period | 9904 | €551,990 | €376,946 | -€175,044 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €551,990 | €376,946 | -€175,044 | -31.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.