Belle & Stichel: what changed
What changed
Belle & Stichel
NACE 56.301, Cafés and bars
filed annual accounts (NBB)
Net result for the year
€1,160
2024 · €2,832-€1,672
Equity
€23,670
2024 · €22,511+€1,160
Cash
€3,585
2024 · €3,737-€152
Balance sheet total
€48,442
2024 · €60,114-€11,672
Largest movements
Assets
- Tangible fixed assets -€11,827
down €11,827 (-26.8%), from €44,135 to €32,308
of which Furniture and vehicles: -€10,678
- Receivables within one year +€626
up €626 (+9.5%), from €6,562 to €7,189
of which Other amounts receivable: +€971
Equity and liabilities
- Debts after one year -€7,979
down €7,979 (-64.8%), from €12,306 to €4,327
- Other debts -€4,266
down €4,266 (-35.4%), from €12,039 to €7,773
- Current portion of long-term debt -€2,801
down €2,801 (-26.0%), from €10,781 to €7,979
- Tax, wage and social debts +€1,987
up €1,987 (+88.4%), from €2,247 to €4,234
- Reserves +€1,160
up €1,160 (+6.6%), from €17,511 to €18,670
Income statement
- Depreciation +€2,080
up €2,080 (+20.1%), from €10,347 to €12,427
- Taxes -€741
down €741 (-69.7%), from €1,064 to €323
- Gross operating margin -€519
down €519 (-3.1%), from €16,505 to €15,986
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.
Result 2024
€2,832
Gross operating margin
-€519
Depreciation
-€2,080
Other operating charges
+€15
Financial income
+€7
Financial charges
+€163
Taxes
+€741
Result 2025
€1,160
raises the resultlowers the result
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.
From operations
+€10,629
Investment
€0
Financing
-€10,781
Cash 2024
€3,737
From operations (derived)
+€10,629
Net result for the year
+€1,160
Depreciation
+€12,427
Stocks and contracts
+€263
Receivables within one year
-€626
Deferred charges and accrued income
-€543
Trade debts
+€228
Tax, wage and social debts
+€1,987
Other debts
-€4,266
Financing
-€10,781
Debts after one year
-€7,979
Current portion of long-term debt
-€2,801
Cash 2025
€3,585
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,114 | €48,442 | -€11,672 | -19.4% |
| Fixed assets | 21/28 | €45,812 | €33,385 | -€12,427 | -27.1% |
| Intangible fixed assets | 21 | €1,677 | €1,077 | -€600 | -35.8% |
| Tangible fixed assets | 22/27 | €44,135 | €32,308 | -€11,827 | -26.8% |
| Plant, machinery and equipment | 23 | €7,593 | €6,444 | -€1,149 | -15.1% |
| Furniture and vehicles | 24 | €36,542 | €25,864 | -€10,678 | -29.2% |
| Current assets | 29/58 | €14,303 | €15,058 | +€755 | +5.3% |
| Stocks and contracts in progress | 3 | €3,078 | €2,815 | -€263 | -8.5% |
| Stocks | 30/36 | €3,078 | €2,815 | -€263 | -8.5% |
| Amounts receivable within one year | 40/41 | €6,562 | €7,189 | +€626 | +9.5% |
| Trade receivables | 40 | €1,064 | €720 | -€344 | -32.4% |
| Other amounts receivable | 41 | €5,498 | €6,469 | +€971 | +17.7% |
| Cash at bank and in hand | 54/58 | €3,737 | €3,585 | -€152 | -4.1% |
| Deferred charges and accrued income | 490/1 | €926 | €1,469 | +€543 | +58.6% |
| Total equity and liabilities | 10/49 | €60,114 | €48,442 | -€11,672 | -19.4% |
| Equity | 10/15 | €22,511 | €23,670 | +€1,160 | +5.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,511 | €18,670 | +€1,160 | +6.6% |
| Distributable reserves | 133 | €17,511 | €18,670 | +€1,160 | +6.6% |
| Amounts payable | 17/49 | €37,604 | €24,772 | -€12,832 | -34.1% |
| Amounts payable after more than one year | 17 | €12,306 | €4,327 | -€7,979 | -64.8% |
| Financial debts | 170/4 | €12,306 | €4,327 | -€7,979 | -64.8% |
| Amounts payable within one year | 42/48 | €25,298 | €20,445 | -€4,853 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €10,781 | €7,979 | -€2,801 | -26.0% |
| Trade debts | 44 | €231 | €458 | +€228 | +98.5% |
| Suppliers | 440/4 | €231 | €458 | +€228 | +98.5% |
| Taxes, remuneration and social security | 45 | €2,247 | €4,234 | +€1,987 | +88.4% |
| Taxes | 450/3 | €2,247 | €4,234 | +€1,987 | +88.4% |
| Other amounts payable | 47/48 | €12,039 | €7,773 | -€4,266 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,347 | €12,427 | +€2,080 | +20.1% |
| Other operating charges | 640/8 | €1,167 | €1,151 | -€15 | -1.3% |
| Gross operating margin | 9900 | €16,505 | €15,986 | -€519 | -3.1% |
| Operating profit (loss) | 9901 | €4,991 | €2,407 | -€2,584 | -51.8% |
| Financial income | 75/76B | €3 | €10 | +€7 | +202% |
| Recurring financial income | 75 | €3 | €10 | +€7 | +202% |
| Financial charges | 65/66B | €1,098 | €935 | -€163 | -14.9% |
| Recurring financial charges | 65 | €1,098 | €935 | -€163 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €3,896 | €1,483 | -€2,414 | -61.9% |
| Income taxes | 67/77 | €1,064 | €323 | -€741 | -69.7% |
| Profit (loss) for the period | 9904 | €2,832 | €1,160 | -€1,672 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,832 | €1,160 | -€1,672 | -59.1% |
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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 4 November 2026 via checked.be.