BELLE RENO'V: what changed
BELLE RENO'V
Largest movements
- Tangible fixed assets -€5,362
down €5,362 (-45.9%), from €11,688 to €6,327
of which Furniture and vehicles: -€6,696
- Deferred charges and accrued income +€679
up €679 (+211%), from €322 to €1,002
- Cash -€578
down €578 (-17.3%), from €3,349 to €2,770
mainly Net result for the year (-€6,431) and Debts after one year (-€3,421)
- Receivables within one year -€445
down €445 (-9.9%), from €4,490 to €4,045
of which Trade receivables: -€396
- Profit (loss) carried forward -€6,431
down €6,431 (-126%), from -€5,094 to -€11,525
- Debts after one year -€3,421
down €3,421 (-33.6%), from €10,181 to €6,761
- Trade debts +€3,317
up €3,317 (+834%), from €398 to €3,715
- Other debts +€1,153
up €1,153 (+18.4%), from €6,253 to €7,405
- Tax, wage and social debts -€500
down €500 (-20.1%), from €2,484 to €1,984
of which Taxes: -€500
- Depreciation +€151
up €151 (+2.3%), from €6,696 to €6,848
- Financial charges -€117
down €117 (-13.6%), from €861 to €744
- Taxes -€49
down €49 (-18.2%), from €266 to €218
- Gross operating margin +€21
up €21 (+1.2%), from €1,757 to €1,778
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,966 | €14,260 | -€5,705 | -28.6% |
| Fixed assets | 21/28 | €11,805 | €6,443 | -€5,362 | -45.4% |
| Tangible fixed assets | 22/27 | €11,688 | €6,327 | -€5,362 | -45.9% |
| Plant, machinery and equipment | 23 | - | €1,335 | +€1,335 | |
| Furniture and vehicles | 24 | €11,688 | €4,992 | -€6,696 | -57.3% |
| Financial fixed assets | 28 | €117 | €117 | = | 0.0% |
| Current assets | 29/58 | €8,161 | €7,817 | -€344 | -4.2% |
| Amounts receivable within one year | 40/41 | €4,490 | €4,045 | -€445 | -9.9% |
| Trade receivables | 40 | €3,376 | €2,980 | -€396 | -11.7% |
| Other amounts receivable | 41 | €1,114 | €1,066 | -€48 | -4.3% |
| Cash at bank and in hand | 54/58 | €3,349 | €2,770 | -€578 | -17.3% |
| Deferred charges and accrued income | 490/1 | €322 | €1,002 | +€679 | +211% |
| Total equity and liabilities | 10/49 | €19,966 | €14,260 | -€5,705 | -28.6% |
| Equity | 10/15 | -€2,594 | -€9,025 | -€6,431 | -248% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,094 | -€11,525 | -€6,431 | -126% |
| Amounts payable | 17/49 | €22,560 | €23,285 | +€725 | +3.2% |
| Amounts payable after more than one year | 17 | €10,181 | €6,761 | -€3,421 | -33.6% |
| Financial debts | 170/4 | €10,181 | €6,761 | -€3,421 | -33.6% |
| Amounts payable within one year | 42/48 | €12,379 | €16,525 | +€4,146 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €3,244 | €3,421 | +€176 | +5.4% |
| Trade debts | 44 | €398 | €3,715 | +€3,317 | +834% |
| Suppliers | 440/4 | €398 | €3,715 | +€3,317 | +834% |
| Taxes, remuneration and social security | 45 | €2,484 | €1,984 | -€500 | -20.1% |
| Taxes | 450/3 | €984 | €484 | -€500 | -50.8% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €6,253 | €7,405 | +€1,153 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,696 | €6,848 | +€151 | +2.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,757 | €1,778 | +€21 | +1.2% |
| Operating profit (loss) | 9901 | -€5,327 | -€5,470 | -€143 | -2.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -95.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -95.5% |
| Financial charges | 65/66B | €861 | €744 | -€117 | -13.6% |
| Recurring financial charges | 65 | €861 | €744 | -€117 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,187 | -€6,213 | -€26 | -0.4% |
| Income taxes | 67/77 | €266 | €218 | -€49 | -18.2% |
| Profit (loss) for the period | 9904 | -€6,454 | -€6,431 | +€23 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,454 | -€6,431 | +€23 | +0.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.