Belleon: what changed
Belleon
Largest movements
- Cash +€18,415
up €18,415 (+20.4%), from €90,210 to €108,625
mainly Net result for the year (+€24,726) and Receivables within one year (+€16,981)
- Receivables within one year -€16,981
down €16,981 (-93.0%), from €18,250 to €1,269
of which Other amounts receivable: -€15,730
- Tangible fixed assets -€2,515
down €2,515 (-24.0%), from €10,471 to €7,956
of which Furniture and vehicles: -€1,421
- Profit (loss) carried forward +€4,726
up €4,726 (+666%), from €710 to €5,436
- Other debts -€4,267
down €4,267 (-4.1%), from €102,886 to €98,620
- Tax, wage and social debts -€1,769
down €1,769 (-16.7%), from €10,594 to €8,825
- Gross operating margin +€33,598
up €33,598 (+657%), from €5,116 to €38,714
- Taxes +€8,588
up €8,588 (+1,230%), from €698 to €9,286
- Financial income -€550
down €550 (-74.5%), from €739 to €188
- Depreciation +€393
up €393 (+18.5%), from €2,122 to €2,515
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 | €119,670 | €118,464 | -€1,206 | -1.0% |
| Fixed assets | 21/28 | €10,471 | €7,956 | -€2,515 | -24.0% |
| Tangible fixed assets | 22/27 | €10,471 | €7,956 | -€2,515 | -24.0% |
| Furniture and vehicles | 24 | €2,881 | €1,460 | -€1,421 | -49.3% |
| Other tangible fixed assets | 26 | €7,589 | €6,495 | -€1,094 | -14.4% |
| Current assets | 29/58 | €109,199 | €110,508 | +€1,309 | +1.2% |
| Amounts receivable within one year | 40/41 | €18,250 | €1,269 | -€16,981 | -93.0% |
| Trade receivables | 40 | €1,251 | €0 | -€1,251 | -100% |
| Other amounts receivable | 41 | €16,999 | €1,269 | -€15,730 | -92.5% |
| Cash at bank and in hand | 54/58 | €90,210 | €108,625 | +€18,415 | +20.4% |
| Deferred charges and accrued income | 490/1 | €739 | €614 | -€126 | -17.0% |
| Total equity and liabilities | 10/49 | €119,670 | €118,464 | -€1,206 | -1.0% |
| Equity | 10/15 | €3,210 | €7,936 | +€4,726 | +147% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €710 | €5,436 | +€4,726 | +666% |
| Amounts payable | 17/49 | €116,460 | €110,527 | -€5,932 | -5.1% |
| Amounts payable within one year | 42/48 | €114,700 | €109,480 | -€5,220 | -4.6% |
| Trade debts | 44 | €1,219 | €2,035 | +€816 | +66.9% |
| Suppliers | 440/4 | €1,219 | €2,035 | +€816 | +66.9% |
| Taxes, remuneration and social security | 45 | €10,594 | €8,825 | -€1,769 | -16.7% |
| Taxes | 450/3 | €10,594 | €8,825 | -€1,769 | -16.7% |
| Other amounts payable | 47/48 | €102,886 | €98,620 | -€4,267 | -4.1% |
| Accrued charges and deferred income | 492/3 | €1,760 | €1,048 | -€712 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,122 | €2,515 | +€393 | +18.5% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €5,116 | €38,714 | +€33,598 | +657% |
| Operating profit (loss) | 9901 | €2,543 | €35,734 | +€33,191 | +1,305% |
| Financial income | 75/76B | €739 | €188 | -€550 | -74.5% |
| Recurring financial income | 75 | €739 | €188 | -€550 | -74.5% |
| Financial charges | 65/66B | €1,874 | €1,910 | +€37 | +1.9% |
| Recurring financial charges | 65 | €1,874 | €1,910 | +€37 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €1,408 | €34,012 | +€32,604 | +2,316% |
| Income taxes | 67/77 | €698 | €9,286 | +€8,588 | +1,230% |
| Profit (loss) for the period | 9904 | €710 | €24,726 | +€24,016 | +3,383% |
| Profit (loss) for the period to be appropriated | 9905 | €710 | €24,726 | +€24,016 | +3,383% |
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 1 November 2026 via checked.be.