BelleRoute: 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.
BelleRoute
Largest movements
- Stocks and contracts +€36,959
new in 2025: €36,959
- Receivables within one year +€3,903
new in 2025: €3,903
- Cash +€2,480
up €2,480 (+39.4%), from €6,292 to €8,772
mainly Other debts (+€46,800) and Accrued charges and deferred income (+€13)
- Other debts +€46,800
up €46,800 (+17274.5%), from €271 to €47,071
- Profit (loss) carried forward -€2,625
new in 2025: -€2,625
- Tax, wage and social debts -€661
no longer reported in 2025 (was €661)
- Gross operating margin -€5,334
down €5,334, from €3,304 to -€2,030
- Other operating charges -€583
down €583 (-69.3%), from €841 to €259
- Taxes -€389
down €389 (-77.8%), from €500 to €111
- Financial charges +€206
up €206 (+1125.3%), from €18 to €225
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.
Cash bridge derived
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 | €6,292 | €49,633 | +€43,342 | +688.9% |
| Current assets | 29/58 | €6,292 | €49,633 | +€43,342 | +688.9% |
| Stocks and contracts in progress | 3 | - | €36,959 | +€36,959 | |
| Stocks | 30/36 | - | €36,959 | +€36,959 | |
| Amounts receivable within one year | 40/41 | - | €3,903 | +€3,903 | |
| Other amounts receivable | 41 | - | €3,903 | +€3,903 | |
| Cash at bank and in hand | 54/58 | €6,292 | €8,772 | +€2,480 | +39.4% |
| Total equity and liabilities | 10/49 | €6,292 | €49,633 | +€43,342 | +688.9% |
| Equity | 10/15 | €4,944 | €2,319 | -€2,625 | -53.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,944 | €1,944 | = | 0.0% |
| Distributable reserves | 133 | €1,944 | €1,944 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,625 | -€2,625 | |
| Amounts payable | 17/49 | €1,348 | €47,314 | +€45,966 | +3411.2% |
| Amounts payable within one year | 42/48 | €1,348 | €47,300 | +€45,953 | +3410.2% |
| Trade debts | 44 | €416 | €229 | -€186 | -44.8% |
| Suppliers | 440/4 | €416 | €229 | -€186 | -44.8% |
| Taxes, remuneration and social security | 45 | €661 | - | -€661 | |
| Taxes | 450/3 | €661 | - | -€661 | |
| Other amounts payable | 47/48 | €271 | €47,071 | +€46,800 | +17274.5% |
| Accrued charges and deferred income | 492/3 | - | €13 | +€13 | |
| Other operating charges | 640/8 | €841 | €259 | -€583 | -69.3% |
| Gross operating margin | 9900 | €3,304 | -€2,030 | -€5,334 | |
| Operating profit (loss) | 9901 | €2,463 | -€2,289 | -€4,752 | |
| Financial charges | 65/66B | €18 | €225 | +€206 | +1125.3% |
| Recurring financial charges | 65 | €18 | €225 | +€206 | +1125.3% |
| Profit (loss) for the period before taxes | 9903 | €2,444 | -€2,514 | -€4,958 | |
| Income taxes | 67/77 | €500 | €111 | -€389 | -77.8% |
| Profit (loss) for the period | 9904 | €1,944 | -€2,625 | -€4,569 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,944 | -€2,625 | -€4,569 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.