BELLE CENSE: 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 CENSE
Largest movements
- Cash -€33,889
down €33,889 (-40.6%), from €83,441 to €49,552
mainly Net result for the year (-€141,382) and Investment in fixed assets (net) (-€11,063)
- Tangible fixed assets -€12,490
down €12,490 (-3.1%), from €399,135 to €386,645
of which Land and buildings: -€19,178
- Profit (loss) carried forward -€141,382
down €141,382 (-21.0%), from -€673,564 to -€814,946
- Other debts +€108,000
up €108,000 (+9.5%), from €1.1m to €1.2m
- Trade debts -€8,616
down €8,616 (-94.9%), from €9,078 to €462
- Gross operating margin -€3,725
down €3,725 (-3.4%), from -€109,195 to -€112,920
- Depreciation +€1,647
up €1,647 (+7.5%), from €21,906 to €23,553
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 | €568,235 | €526,237 | -€41,998 | -7.4% |
| Fixed assets | 21/28 | €399,135 | €386,645 | -€12,490 | -3.1% |
| Tangible fixed assets | 22/27 | €399,135 | €386,645 | -€12,490 | -3.1% |
| Land and buildings | 22 | €395,678 | €376,500 | -€19,178 | -4.8% |
| Plant, machinery and equipment | 23 | - | €7,967 | +€7,967 | |
| Furniture and vehicles | 24 | €3,457 | €2,179 | -€1,278 | -37.0% |
| Current assets | 29/58 | €169,100 | €139,591 | -€29,508 | -17.5% |
| Amounts receivable within one year | 40/41 | €85,109 | €90,040 | +€4,931 | +5.8% |
| Trade receivables | 40 | €23 | €2,241 | +€2,218 | +9643.0% |
| Other amounts receivable | 41 | €85,086 | €87,799 | +€2,713 | +3.2% |
| Cash at bank and in hand | 54/58 | €83,441 | €49,552 | -€33,889 | -40.6% |
| Deferred charges and accrued income | 490/1 | €550 | - | -€550 | |
| Total equity and liabilities | 10/49 | €568,235 | €526,237 | -€41,998 | -7.4% |
| Equity | 10/15 | -€573,564 | -€714,946 | -€141,382 | -24.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€673,564 | -€814,946 | -€141,382 | -21.0% |
| Amounts payable | 17/49 | €1,141,798 | €1,241,183 | +€99,384 | +8.7% |
| Amounts payable within one year | 42/48 | €1,141,798 | €1,241,183 | +€99,384 | +8.7% |
| Trade debts | 44 | €9,078 | €462 | -€8,616 | -94.9% |
| Suppliers | 440/4 | €9,078 | €462 | -€8,616 | -94.9% |
| Other amounts payable | 47/48 | €1,132,720 | €1,240,720 | +€108,000 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,906 | €23,553 | +€1,647 | +7.5% |
| Other operating charges | 640/8 | €4,680 | €4,827 | +€147 | +3.1% |
| Non-recurring operating charges | 66A | €2,032 | - | -€2,032 | |
| Gross operating margin | 9900 | -€109,195 | -€112,920 | -€3,725 | -3.4% |
| Operating profit (loss) | 9901 | -€137,813 | -€141,300 | -€3,487 | -2.5% |
| Financial charges | 65/66B | €82 | €82 | +€1 | +0.9% |
| Recurring financial charges | 65 | €82 | €82 | +€1 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€137,895 | -€141,382 | -€3,487 | -2.5% |
| Profit (loss) for the period | 9904 | -€137,895 | -€141,382 | -€3,487 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€137,895 | -€141,382 | -€3,487 | -2.5% |
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 11 October 2026 via checked.be.