BELLIARD VASTGOED: 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.
BELLIARD VASTGOED
Largest movements
- Stocks and contracts -€242,613
down €242,613 (-21.2%), from €1.1m to €900,891
of which Contracts in progress: -€242,613
- Other debts -€284,379
down €284,379 (-24.3%), from €1.2m to €885,564
- Trade debts +€49,244
up €49,244 (+187%), from €26,276 to €75,520
- Gross operating margin +€7,599
up €7,599 (+92.4%), from -€8,223 to -€624
- Other operating charges -€833
down €833 (-15.9%), from €5,247 to €4,414
- Financial income -€124
down €124 (-3.3%), from €3,794 to €3,671
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 | €2,264,724 | €2,022,595 | -€242,129 | -10.7% |
| Current assets | 29/58 | €2,264,724 | €2,022,595 | -€242,129 | -10.7% |
| Stocks and contracts in progress | 3 | €1,143,505 | €900,891 | -€242,613 | -21.2% |
| Stocks | 30/36 | €7,141 | €7,141 | = | 0.0% |
| Contracts in progress | 37 | €1,136,363 | €893,750 | -€242,613 | -21.3% |
| Amounts receivable within one year | 40/41 | €1,114,299 | €1,117,691 | +€3,392 | +0.3% |
| Other amounts receivable | 41 | €1,114,299 | €1,117,691 | +€3,392 | +0.3% |
| Cash at bank and in hand | 54/58 | €4,525 | €1,554 | -€2,971 | -65.7% |
| Deferred charges and accrued income | 490/1 | €2,396 | €2,459 | +€63 | +2.6% |
| Total equity and liabilities | 10/49 | €2,264,724 | €2,022,595 | -€242,129 | -10.7% |
| Equity | 10/15 | €1,068,506 | €1,061,512 | -€6,994 | -0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,000,306 | €993,312 | -€6,994 | -0.7% |
| Amounts payable | 17/49 | €1,196,218 | €961,083 | -€235,135 | -19.7% |
| Amounts payable within one year | 42/48 | €1,196,218 | €961,083 | -€235,135 | -19.7% |
| Trade debts | 44 | €26,276 | €75,520 | +€49,244 | +187% |
| Suppliers | 440/4 | €26,276 | €75,520 | +€49,244 | +187% |
| Other amounts payable | 47/48 | €1,169,943 | €885,564 | -€284,379 | -24.3% |
| Other operating charges | 640/8 | €5,247 | €4,414 | -€833 | -15.9% |
| Gross operating margin | 9900 | -€8,223 | -€624 | +€7,599 | +92.4% |
| Operating profit (loss) | 9901 | -€13,470 | -€5,038 | +€8,432 | +62.6% |
| Financial income | 75/76B | €3,794 | €3,671 | -€124 | -3.3% |
| Recurring financial income | 75 | €3,794 | €3,671 | -€124 | -3.3% |
| Financial charges | 65/66B | €5,567 | €5,627 | +€60 | +1.1% |
| Recurring financial charges | 65 | €5,567 | €5,627 | +€60 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,243 | -€6,994 | +€8,249 | +54.1% |
| Profit (loss) for the period | 9904 | -€15,243 | -€6,994 | +€8,249 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,243 | -€6,994 | +€8,249 | +54.1% |
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.