Belle & Vision: 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 & Vision
Largest movements
- Cash -€4,497
no longer reported in 2025 (was €4,497)
- Other debts -€8,759
down €8,759 (-71.2%), from €12,297 to €3,538
- Short-term financial debts +€4,880
new in 2025: €4,880
- Trade debts -€618
down €618 (-3.1%), from €19,987 to €19,369
- Depreciation -€2,531
no longer reported in 2025 (was €2,531)
- Gross operating margin -€2,158
no longer reported in 2025 (was €2,158)
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,619 | €54,122 | -€4,497 | -7.7% |
| Fixed assets | 21/28 | €3,750 | €3,750 | = | 0.0% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €54,869 | €50,372 | -€4,497 | -8.2% |
| Stocks and contracts in progress | 3 | €4,540 | €4,540 | = | 0.0% |
| Stocks | 30/36 | €4,540 | €4,540 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,832 | €45,832 | = | 0.0% |
| Trade receivables | 40 | €45,792 | €45,792 | = | 0.0% |
| Other amounts receivable | 41 | €40 | €40 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,497 | - | -€4,497 | |
| Total equity and liabilities | 10/49 | €58,619 | €54,122 | -€4,497 | -7.7% |
| Equity | 10/15 | €17,734 | €17,734 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,734 | €15,734 | = | 0.0% |
| Amounts payable | 17/49 | €40,885 | €36,388 | -€4,497 | -11.0% |
| Amounts payable within one year | 42/48 | €40,885 | €36,388 | -€4,497 | -11.0% |
| Financial debts | 43 | - | €4,880 | +€4,880 | |
| Credit institutions | 430/8 | - | €4,880 | +€4,880 | |
| Trade debts | 44 | €19,987 | €19,369 | -€618 | -3.1% |
| Suppliers | 440/4 | €19,987 | €19,369 | -€618 | -3.1% |
| Taxes, remuneration and social security | 45 | €8,601 | €8,601 | = | 0.0% |
| Taxes | 450/3 | €8,601 | €8,601 | = | 0.0% |
| Other amounts payable | 47/48 | €12,297 | €3,538 | -€8,759 | -71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,531 | - | -€2,531 | |
| Gross operating margin | 9900 | €2,158 | - | -€2,158 | |
| Operating profit (loss) | 9901 | -€374 | - | +€374 | |
| Profit (loss) for the period before taxes | 9903 | -€374 | - | +€374 | |
| Profit (loss) for the period | 9904 | -€374 | - | +€374 | |
| Profit (loss) for the period to be appropriated | 9905 | -€374 | - | +€374 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.