BELLINE: 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.
BELLINE
Largest movements
- Tangible fixed assets +€570,124
up €570,124 (+1624.6%), from €35,093 to €605,217
- Cash -€230,031
down €230,031 (-48.1%), from €478,252 to €248,221
mainly Investment in fixed assets (net) (-€589,771) and Net result for the year (-€4,272)
- Receivables within one year -€208,423
down €208,423 (-59.5%), from €350,000 to €141,577
- Other debts +€87,383
up €87,383 (+101.0%), from €86,506 to €173,889
- Trade debts +€54,014
new in 2025: €54,014
- Gross operating margin -€727,112
down €727,112 (-97.9%), from €742,528 to €15,417
- Depreciation +€19,097
up €19,097 (+3469.1%), from €550 to €19,647
- Purchases and services -€14,507
no longer reported in 2025 (was €14,507)
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 | €864,095 | €997,720 | +€133,625 | +15.5% |
| Fixed assets | 21/28 | €35,093 | €605,217 | +€570,124 | +1624.6% |
| Tangible fixed assets | 22/27 | €35,093 | €605,217 | +€570,124 | +1624.6% |
| Land and buildings | 22 | €35,093 | €605,217 | +€570,124 | +1624.6% |
| Current assets | 29/58 | €829,002 | €392,503 | -€436,499 | -52.7% |
| Amounts receivable within one year | 40/41 | €350,000 | €141,577 | -€208,423 | -59.5% |
| Other amounts receivable | 41 | €350,000 | €141,577 | -€208,423 | -59.5% |
| Cash at bank and in hand | 54/58 | €478,252 | €248,221 | -€230,031 | -48.1% |
| Deferred charges and accrued income | 490/1 | €750 | €2,705 | +€1,955 | +260.7% |
| Total equity and liabilities | 10/49 | €864,095 | €997,720 | +€133,625 | +15.5% |
| Equity | 10/15 | €599,697 | €595,425 | -€4,272 | -0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €563,627 | €563,627 | = | 0.0% |
| Tax-exempt reserves | 132 | €523,177 | €523,177 | = | 0.0% |
| Distributable reserves | 133 | €40,450 | €40,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,069 | €11,797 | -€4,272 | -26.6% |
| Provisions and deferred taxes | 16 | €174,392 | €174,392 | = | 0.0% |
| Deferred taxes | 168 | €174,392 | €174,392 | = | 0.0% |
| Amounts payable | 17/49 | €90,006 | €227,903 | +€137,897 | +153.2% |
| Amounts payable within one year | 42/48 | €90,006 | €227,903 | +€137,897 | +153.2% |
| Trade debts | 44 | - | €54,014 | +€54,014 | |
| Suppliers | 440/4 | - | €54,014 | +€54,014 | |
| Taxes, remuneration and social security | 45 | €3,500 | - | -€3,500 | |
| Taxes | 450/3 | €3,500 | - | -€3,500 | |
| Other amounts payable | 47/48 | €86,506 | €173,889 | +€87,383 | +101.0% |
| Non-recurring operating income | 76A | €727,821 | - | -€727,821 | |
| Goods, raw materials, services and sundry goods | 60/61 | €14,507 | - | -€14,507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550 | €19,647 | +€19,097 | +3469.1% |
| Other operating charges | 640/8 | €37 | €5,393 | +€5,357 | +14500.6% |
| Non-recurring operating charges | 66A | €30,251 | - | -€30,251 | |
| Gross operating margin | 9900 | €742,528 | €15,417 | -€727,112 | -97.9% |
| Operating profit (loss) | 9901 | €711,690 | -€9,624 | -€721,314 | |
| Financial income | 75/76B | €7,822 | €5,258 | -€2,564 | -32.8% |
| Recurring financial income | 75 | €7,822 | €5,258 | -€2,564 | -32.8% |
| Financial charges | 65/66B | €69 | €74 | +€5 | +6.5% |
| Recurring financial charges | 65 | €69 | €74 | +€5 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €719,443 | -€4,440 | -€723,882 | |
| Transfer to deferred taxes | 680 | €174,392 | - | -€174,392 | |
| Income taxes | 67/77 | €5,847 | -€168 | -€6,014 | |
| Profit (loss) for the period | 9904 | €539,204 | -€4,272 | -€543,476 | |
| Transfer to tax-exempt reserves | 689 | €523,177 | - | -€523,177 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,026 | -€4,272 | -€20,298 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.