Belleste: 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.
Belleste
Largest movements
- Cash -€41,967
down €41,967 (-54.7%), from €76,709 to €34,741
mainly Receivables within one year (-€23,562) and Net result for the year (-€18,965)
- Receivables within one year +€23,562
up €23,562 (+158%), from €14,932 to €38,494
of which Other amounts receivable: +€24,182
- Tangible fixed assets -€1,972
down €1,972 (-77.0%), from €2,562 to €590
- Reserves -€18,965
down €18,965 (-21.2%), from €89,302 to €70,337
- Tax, wage and social debts -€1,923
no longer reported in 2025 (was €1,923)
- Trade debts +€1,124
new in 2025: €1,124
- Gross operating margin +€4,298
up €4,298 (+20.1%), from -€21,362 to -€17,064
- Other operating charges +€738
up €738 (+188%), from €393 to €1,131
- Depreciation -€577
down €577 (-22.6%), from €2,549 to €1,972
- Financial income +€384
up €384 (+36.7%), from €1,046 to €1,431
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 | €94,225 | €74,461 | -€19,764 | -21.0% |
| Fixed assets | 21/28 | €2,562 | €590 | -€1,972 | -77.0% |
| Tangible fixed assets | 22/27 | €2,562 | €590 | -€1,972 | -77.0% |
| Furniture and vehicles | 24 | €2,562 | €590 | -€1,972 | -77.0% |
| Current assets | 29/58 | €91,662 | €73,870 | -€17,792 | -19.4% |
| Amounts receivable within one year | 40/41 | €14,932 | €38,494 | +€23,562 | +158% |
| Trade receivables | 40 | €620 | - | -€620 | |
| Other amounts receivable | 41 | €14,312 | €38,494 | +€24,182 | +169% |
| Cash at bank and in hand | 54/58 | €76,709 | €34,741 | -€41,967 | -54.7% |
| Deferred charges and accrued income | 490/1 | €22 | €635 | +€613 | +2,818% |
| Total equity and liabilities | 10/49 | €94,225 | €74,461 | -€19,764 | -21.0% |
| Equity | 10/15 | €92,302 | €73,337 | -€18,965 | -20.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €89,302 | €70,337 | -€18,965 | -21.2% |
| Distributable reserves | 133 | €89,302 | €70,337 | -€18,965 | -21.2% |
| Amounts payable | 17/49 | €1,923 | €1,124 | -€799 | -41.6% |
| Amounts payable within one year | 42/48 | €1,923 | €1,124 | -€799 | -41.6% |
| Trade debts | 44 | - | €1,124 | +€1,124 | |
| Suppliers | 440/4 | - | €1,124 | +€1,124 | |
| Taxes, remuneration and social security | 45 | €1,923 | - | -€1,923 | |
| Taxes | 450/3 | €1,923 | - | -€1,923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,549 | €1,972 | -€577 | -22.6% |
| Other operating charges | 640/8 | €393 | €1,131 | +€738 | +188% |
| Gross operating margin | 9900 | -€21,362 | -€17,064 | +€4,298 | +20.1% |
| Operating profit (loss) | 9901 | -€24,303 | -€20,167 | +€4,137 | +17.0% |
| Financial income | 75/76B | €1,046 | €1,431 | +€384 | +36.7% |
| Recurring financial income | 75 | €1,046 | €1,431 | +€384 | +36.7% |
| Financial charges | 65/66B | €230 | €229 | -€1 | -0.6% |
| Recurring financial charges | 65 | €230 | €229 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,487 | -€18,965 | +€4,522 | +19.3% |
| Profit (loss) for the period | 9904 | -€23,487 | -€18,965 | +€4,522 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,487 | -€18,965 | +€4,522 | +19.3% |
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 15 October 2026 via checked.be.