BELLE DE JOUR: 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 DE JOUR
Largest movements
- Tangible fixed assets -€27,889
down €27,889 (-16.9%), from €164,774 to €136,885
- Receivables within one year +€14,680
up €14,680 (+67.8%), from €21,652 to €36,332
of which Other amounts receivable: +€12,284
- Intangible fixed assets -€13,179
down €13,179 (-50.0%), from €26,357 to €13,179
- Stocks and contracts -€7,523
down €7,523 (-38.7%), from €19,440 to €11,917
- Profit (loss) carried forward -€54,588
down €54,588 (-522%), from -€10,462 to -€65,050
- Trade debts +€26,310
up €26,310 (+56.9%), from €46,272 to €72,582
- Current portion of long-term debt -€3,520
down €3,520 (-9.6%), from €36,601 to €33,081
- Other debts -€3,497
down €3,497 (-58.3%), from €5,997 to €2,500
- Gross operating margin -€45,995
down €45,995 (-28.1%), from €163,830 to €117,835
- Financial charges +€9,501
up €9,501 (+87.7%), from €10,836 to €20,336
- Staff costs -€2,174
down €2,174 (-2.0%), from €110,392 to €108,218
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 | €255,418 | €221,650 | -€33,768 | -13.2% |
| Fixed assets | 21/28 | €210,789 | €169,721 | -€41,068 | -19.5% |
| Intangible fixed assets | 21 | €26,357 | €13,179 | -€13,179 | -50.0% |
| Tangible fixed assets | 22/27 | €164,774 | €136,885 | -€27,889 | -16.9% |
| Plant, machinery and equipment | 23 | €31,932 | €22,407 | -€9,525 | -29.8% |
| Furniture and vehicles | 24 | €15,961 | €11,395 | -€4,565 | -28.6% |
| Other tangible fixed assets | 26 | €116,881 | €103,083 | -€13,799 | -11.8% |
| Financial fixed assets | 28 | €19,658 | €19,658 | = | 0.0% |
| Current assets | 29/58 | €44,629 | €51,929 | +€7,300 | +16.4% |
| Stocks and contracts in progress | 3 | €19,440 | €11,917 | -€7,523 | -38.7% |
| Stocks | 30/36 | €19,440 | €11,917 | -€7,523 | -38.7% |
| Amounts receivable within one year | 40/41 | €21,652 | €36,332 | +€14,680 | +67.8% |
| Trade receivables | 40 | €20,402 | €22,797 | +€2,395 | +11.7% |
| Other amounts receivable | 41 | €1,250 | €13,534 | +€12,284 | +983% |
| Cash at bank and in hand | 54/58 | €1,511 | €3,026 | +€1,515 | +100% |
| Deferred charges and accrued income | 490/1 | €2,026 | €654 | -€1,372 | -67.7% |
| Total equity and liabilities | 10/49 | €255,418 | €221,650 | -€33,768 | -13.2% |
| Equity | 10/15 | €11,853 | -€42,735 | -€54,588 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,714 | €3,714 | = | 0.0% |
| Distributable reserves | 133 | €3,714 | €3,714 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,462 | -€65,050 | -€54,588 | -522% |
| Amounts payable | 17/49 | €243,565 | €264,385 | +€20,820 | +8.5% |
| Amounts payable after more than one year | 17 | €113,519 | €113,008 | -€511 | -0.5% |
| Financial debts | 170/4 | €112,444 | €113,008 | +€564 | +0.5% |
| Other amounts payable | 178/9 | €1,075 | - | -€1,075 | |
| Amounts payable within one year | 42/48 | €130,046 | €150,590 | +€20,544 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €36,601 | €33,081 | -€3,520 | -9.6% |
| Financial debts | 43 | €2,458 | €3,212 | +€754 | +30.7% |
| Credit institutions | 430/8 | €2,458 | €3,212 | +€754 | +30.7% |
| Trade debts | 44 | €46,272 | €72,582 | +€26,310 | +56.9% |
| Suppliers | 440/4 | €46,272 | €72,582 | +€26,310 | +56.9% |
| Advances received on contracts in progress | 46 | €128 | - | -€128 | |
| Taxes, remuneration and social security | 45 | €38,590 | €39,216 | +€626 | +1.6% |
| Taxes | 450/3 | €7,131 | €9,321 | +€2,190 | +30.7% |
| Remuneration and social security | 454/9 | €31,459 | €29,895 | -€1,564 | -5.0% |
| Other amounts payable | 47/48 | €5,997 | €2,500 | -€3,497 | -58.3% |
| Accrued charges and deferred income | 492/3 | - | €787 | +€787 | |
| Remuneration, social security and pensions | 62 | €110,392 | €108,218 | -€2,174 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,708 | €41,068 | -€640 | -1.5% |
| Other operating charges | 640/8 | €2,986 | €3,063 | +€76 | +2.5% |
| Gross operating margin | 9900 | €163,830 | €117,835 | -€45,995 | -28.1% |
| Operating profit (loss) | 9901 | €8,744 | -€34,513 | -€43,257 | |
| Financial income | 75/76B | €1,174 | €447 | -€726 | -61.9% |
| Recurring financial income | 75 | €1,174 | €447 | -€726 | -61.9% |
| Financial charges | 65/66B | €10,836 | €20,336 | +€9,501 | +87.7% |
| Recurring financial charges | 65 | €10,836 | €20,336 | +€9,501 | +87.7% |
| Profit (loss) for the period before taxes | 9903 | -€918 | -€54,402 | -€53,484 | -5,829% |
| Income taxes | 67/77 | €1,033 | €186 | -€847 | -82.0% |
| Profit (loss) for the period | 9904 | -€1,950 | -€54,588 | -€52,638 | -2,699% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,950 | -€54,588 | -€52,638 | -2,699% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.