BELLEPLANT: 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.
BELLEPLANT
Largest movements
- Current investments +€74,788
up €74,788 (+10.0%), from €749,360 to €824,147
- Cash +€56,385
up €56,385 (+187%), from €30,210 to €86,596
mainly Net result for the year (+€146,792) and Depreciation (+€66,135)
- Tangible fixed assets -€42,312
down €42,312 (-12.9%), from €328,333 to €286,021
of which Land and buildings: -€24,823
- Stocks and contracts +€21,250
up €21,250 (+7.8%), from €270,979 to €292,229
- Reserves +€114,428
up €114,428 (+10.4%), from €1.1m to €1.2m
- Gross operating margin -€36,159
down €36,159 (-9.3%), from €390,652 to €354,493
- Depreciation -€10,537
down €10,537 (-13.7%), from €76,672 to €66,135
- Staff costs +€9,946
up €9,946 (+12.7%), from €78,196 to €88,142
- Taxes -€7,547
down €7,547 (-11.0%), from €68,459 to €60,912
- Financial income +€7,498
up €7,498 (+54.9%), from €13,659 to €21,158
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 | €1,406,887 | €1,522,514 | +€115,627 | +8.2% |
| Fixed assets | 21/28 | €330,238 | €293,966 | -€36,272 | -11.0% |
| Intangible fixed assets | 21 | €1,769 | €7,944 | +€6,175 | +349% |
| Tangible fixed assets | 22/27 | €328,333 | €286,021 | -€42,312 | -12.9% |
| Land and buildings | 22 | €211,118 | €186,294 | -€24,823 | -11.8% |
| Plant, machinery and equipment | 23 | €11,568 | €13,637 | +€2,069 | +17.9% |
| Furniture and vehicles | 24 | €21,528 | €17,666 | -€3,862 | -17.9% |
| Other tangible fixed assets | 26 | €84,119 | €68,424 | -€15,696 | -18.7% |
| Financial fixed assets | 28 | €135 | €0 | -€135 | -100% |
| Current assets | 29/58 | €1,076,649 | €1,228,548 | +€151,899 | +14.1% |
| Stocks and contracts in progress | 3 | €270,979 | €292,229 | +€21,250 | +7.8% |
| Stocks | 30/36 | €270,979 | €292,229 | +€21,250 | +7.8% |
| Amounts receivable within one year | 40/41 | €19,183 | €17,218 | -€1,965 | -10.2% |
| Trade receivables | 40 | €1,143 | €8,776 | +€7,632 | +668% |
| Other amounts receivable | 41 | €18,039 | €8,442 | -€9,597 | -53.2% |
| Current investments | 50/53 | €749,360 | €824,147 | +€74,788 | +10.0% |
| Cash at bank and in hand | 54/58 | €30,210 | €86,596 | +€56,385 | +187% |
| Deferred charges and accrued income | 490/1 | €6,917 | €8,358 | +€1,441 | +20.8% |
| Total equity and liabilities | 10/49 | €1,406,887 | €1,522,514 | +€115,627 | +8.2% |
| Equity | 10/15 | €1,383,090 | €1,497,518 | +€114,428 | +8.3% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Reserves | 13 | €1,103,090 | €1,217,518 | +€114,428 | +10.4% |
| Distributable reserves | 133 | €1,103,090 | €1,217,518 | +€114,428 | +10.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €23,797 | €24,996 | +€1,200 | +5.0% |
| Amounts payable within one year | 42/48 | €23,797 | €24,996 | +€1,200 | +5.0% |
| Trade debts | 44 | €0 | €8,522 | +€8,522 | |
| Suppliers | 440/4 | €0 | €8,522 | +€8,522 | |
| Taxes, remuneration and social security | 45 | €19,770 | €11,290 | -€8,480 | -42.9% |
| Taxes | 450/3 | €16,573 | €7,981 | -€8,592 | -51.8% |
| Remuneration and social security | 454/9 | €3,197 | €3,309 | +€112 | +3.5% |
| Other amounts payable | 47/48 | €4,026 | €5,185 | +€1,158 | +28.8% |
| Non-recurring operating income | 76A | - | €5,430 | +€5,430 | |
| Remuneration, social security and pensions | 62 | €78,196 | €88,142 | +€9,946 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,672 | €66,135 | -€10,537 | -13.7% |
| Other operating charges | 640/8 | €7,160 | €7,515 | +€355 | +5.0% |
| Non-recurring operating charges | 66A | €7,111 | €4,955 | -€2,156 | -30.3% |
| Gross operating margin | 9900 | €390,652 | €354,493 | -€36,159 | -9.3% |
| Operating profit (loss) | 9901 | €221,513 | €187,746 | -€33,767 | -15.2% |
| Financial income | 75/76B | €13,659 | €21,158 | +€7,498 | +54.9% |
| Recurring financial income | 75 | €13,659 | €21,158 | +€7,498 | +54.9% |
| Financial charges | 65/66B | €356 | €1,200 | +€844 | +237% |
| Recurring financial charges | 65 | €356 | €1,200 | +€844 | +237% |
| Profit (loss) for the period before taxes | 9903 | €234,817 | €207,704 | -€27,113 | -11.5% |
| Income taxes | 67/77 | €68,459 | €60,912 | -€7,547 | -11.0% |
| Profit (loss) for the period | 9904 | €166,357 | €146,792 | -€19,566 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €166,357 | €146,792 | -€19,566 | -11.8% |
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 13 October 2026 via checked.be.