Belleris: what changed
Two fiscal 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.
Belleris
Largest movements
- Tangible fixed assets -€25,866
down €25,866 (-15.9%), from €162,803 to €136,936
of which Land and buildings: -€23,452
- Receivables within one year -€3,841
down €3,841 (-91.9%), from €4,180 to €338
of which Trade receivables: -€4,180
- Debts after one year -€23,654
down €23,654 (-14.2%), from €167,151 to €143,497
- Profit (loss) carried forward -€22,729
down €22,729 (-9.2%), from -€245,739 to -€268,468
- Other debts +€15,020
up €15,020 (+7.3%), from €207,164 to €222,183
- Current portion of long-term debt +€8,149
up €8,149 (+51.8%), from €15,723 to €23,872
- Trade debts -€6,386
down €6,386 (-86.9%), from €7,346 to €959
- Depreciation -€17,357
down €17,357 (-39.2%), from €44,290 to €26,933
- Financial charges -€3,094
down €3,094 (-36.5%), from €8,476 to €5,382
- Gross operating margin -€2,504
down €2,504 (-18.1%), from €13,819 to €11,314
- Other operating charges -€1,234
down €1,234 (-41.6%), from €2,963 to €1,729
- Staff costs -€188
no longer reported in 2024 (was €188)
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,025 | €142,043 | -€29,981 | -17.4% |
| Fixed assets | 21/28 | €162,803 | €136,936 | -€25,866 | -15.9% |
| Tangible fixed assets | 22/27 | €162,803 | €136,936 | -€25,866 | -15.9% |
| Land and buildings | 22 | €159,340 | €135,888 | -€23,452 | -14.7% |
| Plant, machinery and equipment | 23 | €2,164 | €326 | -€1,838 | -85.0% |
| Furniture and vehicles | 24 | €141 | €722 | +€581 | +411.9% |
| Other tangible fixed assets | 26 | €1,158 | - | -€1,158 | |
| Current assets | 29/58 | €9,222 | €5,107 | -€4,115 | -44.6% |
| Stocks and contracts in progress | 3 | €3,623 | €2,419 | -€1,203 | -33.2% |
| Stocks | 30/36 | €3,623 | €2,419 | -€1,203 | -33.2% |
| Amounts receivable within one year | 40/41 | €4,180 | €338 | -€3,841 | -91.9% |
| Trade receivables | 40 | €4,180 | - | -€4,180 | |
| Other amounts receivable | 41 | - | €338 | +€338 | |
| Cash at bank and in hand | 54/58 | €1,061 | €2,281 | +€1,220 | +114.9% |
| Deferred charges and accrued income | 490/1 | €359 | €69 | -€290 | -80.8% |
| Total equity and liabilities | 10/49 | €172,025 | €142,043 | -€29,981 | -17.4% |
| Equity | 10/15 | -€225,739 | -€248,468 | -€22,729 | -10.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€245,739 | -€268,468 | -€22,729 | -9.2% |
| Amounts payable | 17/49 | €397,764 | €390,512 | -€7,252 | -1.8% |
| Amounts payable after more than one year | 17 | €167,151 | €143,497 | -€23,654 | -14.2% |
| Financial debts | 170/4 | €167,151 | €143,497 | -€23,654 | -14.2% |
| Amounts payable within one year | 42/48 | €230,612 | €247,015 | +€16,402 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €15,723 | €23,872 | +€8,149 | +51.8% |
| Trade debts | 44 | €7,346 | €959 | -€6,386 | -86.9% |
| Suppliers | 440/4 | €7,346 | €959 | -€6,386 | -86.9% |
| Taxes, remuneration and social security | 45 | €380 | - | -€380 | |
| Taxes | 450/3 | €380 | - | -€380 | |
| Other amounts payable | 47/48 | €207,164 | €222,183 | +€15,020 | +7.3% |
| Remuneration, social security and pensions | 62 | €188 | - | -€188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,290 | €26,933 | -€17,357 | -39.2% |
| Other operating charges | 640/8 | €2,963 | €1,729 | -€1,234 | -41.6% |
| Gross operating margin | 9900 | €13,819 | €11,314 | -€2,504 | -18.1% |
| Operating profit (loss) | 9901 | -€33,622 | -€17,347 | +€16,275 | +48.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,476 | €5,382 | -€3,094 | -36.5% |
| Recurring financial charges | 65 | €8,476 | €5,382 | -€3,094 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | -€42,098 | -€22,729 | +€19,368 | +46.0% |
| Profit (loss) for the period | 9904 | -€42,098 | -€22,729 | +€19,368 | +46.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,098 | -€22,729 | +€19,368 | +46.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.