Belle-Dekoninck Development: 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-Dekoninck Development
Largest movements
- Stocks and contracts +€694,136
new in 2025: €694,136
- Cash -€62,409
down €62,409 (-81.1%), from €76,985 to €14,576
mainly Stocks and contracts (-€694,136) and Net result for the year (-€36,567)
- Other debts +€648,674
up €648,674 (+554%), from €117,000 to €765,674
- Profit (loss) carried forward -€36,567
down €36,567 (-52.5%), from -€69,634 to -€106,201
- Trade debts +€8,705
up €8,705 (+16.7%), from €52,190 to €60,895
- Gross operating margin +€36,712
up €36,712 (+71.5%), from -€51,366 to -€14,655
- Financial charges +€13,298
up €13,298 (+937%), from €1,419 to €14,717
- Depreciation +€1,621
up €1,621 (+31.4%), from €5,166 to €6,788
- Other operating charges -€913
down €913 (-69.1%), from €1,322 to €408
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 | €112,932 | €732,768 | +€619,835 | +549% |
| Formation expenses | 20 | €1,109 | €832 | -€277 | -25.0% |
| Fixed assets | 21/28 | €27,662 | €21,152 | -€6,510 | -23.5% |
| Intangible fixed assets | 21 | €27,662 | €21,152 | -€6,510 | -23.5% |
| Current assets | 29/58 | €84,161 | €710,783 | +€626,623 | +745% |
| Stocks and contracts in progress | 3 | - | €694,136 | +€694,136 | |
| Stocks | 30/36 | - | €694,136 | +€694,136 | |
| Amounts receivable within one year | 40/41 | €7,175 | €2,071 | -€5,104 | -71.1% |
| Other amounts receivable | 41 | €7,175 | €2,071 | -€5,104 | -71.1% |
| Cash at bank and in hand | 54/58 | €76,985 | €14,576 | -€62,409 | -81.1% |
| Total equity and liabilities | 10/49 | €112,932 | €732,768 | +€619,835 | +549% |
| Equity | 10/15 | -€57,234 | -€93,801 | -€36,567 | -63.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,634 | -€106,201 | -€36,567 | -52.5% |
| Amounts payable | 17/49 | €170,166 | €826,569 | +€656,403 | +386% |
| Amounts payable within one year | 42/48 | €170,166 | €826,569 | +€656,403 | +386% |
| Trade debts | 44 | €52,190 | €60,895 | +€8,705 | +16.7% |
| Suppliers | 440/4 | €52,190 | €60,895 | +€8,705 | +16.7% |
| Taxes, remuneration and social security | 45 | €976 | - | -€976 | |
| Taxes | 450/3 | €976 | - | -€976 | |
| Other amounts payable | 47/48 | €117,000 | €765,674 | +€648,674 | +554% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,166 | €6,788 | +€1,621 | +31.4% |
| Other operating charges | 640/8 | €1,322 | €408 | -€913 | -69.1% |
| Gross operating margin | 9900 | -€51,366 | -€14,655 | +€36,712 | +71.5% |
| Operating profit (loss) | 9901 | -€57,854 | -€21,850 | +€36,004 | +62.2% |
| Financial charges | 65/66B | €1,419 | €14,717 | +€13,298 | +937% |
| Recurring financial charges | 65 | €1,419 | €14,717 | +€13,298 | +937% |
| Profit (loss) for the period before taxes | 9903 | -€59,273 | -€36,567 | +€22,705 | +38.3% |
| Income taxes | 67/77 | -€149 | - | +€149 | |
| Profit (loss) for the period | 9904 | -€59,123 | -€36,567 | +€22,556 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,123 | -€36,567 | +€22,556 | +38.2% |
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 27 October 2026 via checked.be.