BELLEMANS ALAIN: 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.
BELLEMANS ALAIN
Largest movements
- Receivables within one year -€10,942
down €10,942 (-66.5%), from €16,454 to €5,512
of which Trade receivables: -€11,661
- Cash -€8,412
down €8,412 (-27.4%), from €30,702 to €22,290
mainly Net result for the year (-€20,186) and Current portion of long-term debt (-€7,221)
- Tangible fixed assets -€5,012
down €5,012 (-21.8%), from €22,972 to €17,960
of which Plant, machinery and equipment: -€4,397
- Profit (loss) carried forward -€20,186
down €20,186, from €0 to -€20,186
- Current portion of long-term debt -€7,221
down €7,221 (-100%), from €7,221 to €0
- Other debts +€4,314
up €4,314 (+14.6%), from €29,524 to €33,838
- Tax, wage and social debts -€1,487
down €1,487 (-52.7%), from €2,820 to €1,333
of which Taxes: -€769
- Gross operating margin -€63,565
down €63,565 (-72.1%), from €88,120 to €24,556
- Staff costs -€22,533
down €22,533 (-43.4%), from €51,904 to €29,371
- Taxes -€1,619
down €1,619 (-90.2%), from €1,795 to €176
- Other operating charges +€1,265
up €1,265 (+34.5%), from €3,671 to €4,936
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 | €72,295 | €47,500 | -€24,795 | -34.3% |
| Fixed assets | 21/28 | €22,972 | €17,960 | -€5,012 | -21.8% |
| Tangible fixed assets | 22/27 | €22,972 | €17,960 | -€5,012 | -21.8% |
| Plant, machinery and equipment | 23 | €18,651 | €14,254 | -€4,397 | -23.6% |
| Other tangible fixed assets | 26 | €4,321 | €3,706 | -€615 | -14.2% |
| Current assets | 29/58 | €49,323 | €29,540 | -€19,783 | -40.1% |
| Amounts receivable within one year | 40/41 | €16,454 | €5,512 | -€10,942 | -66.5% |
| Trade receivables | 40 | €14,657 | €2,996 | -€11,661 | -79.6% |
| Other amounts receivable | 41 | €1,797 | €2,516 | +€719 | +40.0% |
| Cash at bank and in hand | 54/58 | €30,702 | €22,290 | -€8,412 | -27.4% |
| Deferred charges and accrued income | 490/1 | €2,168 | €1,738 | -€429 | -19.8% |
| Total equity and liabilities | 10/49 | €72,295 | €47,500 | -€24,795 | -34.3% |
| Equity | 10/15 | €28,824 | €8,639 | -€20,186 | -70.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €22,627 | €22,627 | = | 0.0% |
| Distributable reserves | 133 | €22,627 | €22,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€20,186 | -€20,186 | |
| Amounts payable | 17/49 | €43,471 | €38,862 | -€4,609 | -10.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €43,471 | €38,862 | -€4,609 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €7,221 | €0 | -€7,221 | -100% |
| Trade debts | 44 | €3,906 | €3,691 | -€214 | -5.5% |
| Suppliers | 440/4 | €3,906 | €3,691 | -€214 | -5.5% |
| Taxes, remuneration and social security | 45 | €2,820 | €1,333 | -€1,487 | -52.7% |
| Taxes | 450/3 | €2,102 | €1,333 | -€769 | -36.6% |
| Remuneration and social security | 454/9 | €718 | €0 | -€718 | -100% |
| Other amounts payable | 47/48 | €29,524 | €33,838 | +€4,314 | +14.6% |
| Remuneration, social security and pensions | 62 | €51,904 | €29,371 | -€22,533 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,240 | €9,012 | -€228 | -2.5% |
| Other operating charges | 640/8 | €3,671 | €4,936 | +€1,265 | +34.5% |
| Gross operating margin | 9900 | €88,120 | €24,556 | -€63,565 | -72.1% |
| Operating profit (loss) | 9901 | €23,306 | -€18,764 | -€42,069 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -40.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -40.0% |
| Financial charges | 65/66B | €1,250 | €1,246 | -€4 | -0.3% |
| Recurring financial charges | 65 | €1,250 | €1,246 | -€4 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €22,055 | -€20,010 | -€42,065 | |
| Income taxes | 67/77 | €1,795 | €176 | -€1,619 | -90.2% |
| Profit (loss) for the period | 9904 | €20,260 | -€20,186 | -€40,446 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,260 | -€20,186 | -€40,446 |
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 26 October 2026 via checked.be.