Belly & Brain: 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.
Belly & Brain
Largest movements
- Receivables within one year -€58,308
down €58,308 (-64.9%), from €89,841 to €31,533
- Cash -€4,766
down €4,766 (-17.5%), from €27,270 to €22,504
mainly Net result for the year (-€45,340) and Tax, wage and social debts (-€9,471)
- Profit (loss) carried forward -€45,340
down €45,340 (-37.4%), from -€121,258 to -€166,599
- Tax, wage and social debts -€9,471
down €9,471 (-89.2%), from €10,614 to €1,143
- Trade debts -€8,843
down €8,843 (-10.7%), from €82,843 to €74,000
- Gross operating margin -€22,276
down €22,276 (-100.3%), from -€22,199 to -€44,475
- Financial charges -€587
down €587 (-70.0%), from €839 to €252
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 | €119,878 | €55,850 | -€64,028 | -53.4% |
| Fixed assets | 21/28 | €125 | - | -€125 | |
| Financial fixed assets | 28 | €125 | - | -€125 | |
| Current assets | 29/58 | €119,753 | €55,850 | -€63,903 | -53.4% |
| Amounts receivable within one year | 40/41 | €89,841 | €31,533 | -€58,308 | -64.9% |
| Trade receivables | 40 | €89,841 | €31,533 | -€58,308 | -64.9% |
| Cash at bank and in hand | 54/58 | €27,270 | €22,504 | -€4,766 | -17.5% |
| Deferred charges and accrued income | 490/1 | €2,642 | €1,813 | -€829 | -31.4% |
| Total equity and liabilities | 10/49 | €119,878 | €55,850 | -€64,028 | -53.4% |
| Equity | 10/15 | -€2,972 | -€48,313 | -€45,340 | -1525.4% |
| Contributions | 10/11 | €7,697 | €7,697 | = | 0.0% |
| Reserves | 13 | €110,589 | €110,589 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €108,689 | €108,689 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,258 | -€166,599 | -€45,340 | -37.4% |
| Amounts payable | 17/49 | €122,850 | €104,162 | -€18,688 | -15.2% |
| Amounts payable within one year | 42/48 | €122,850 | €104,162 | -€18,688 | -15.2% |
| Trade debts | 44 | €82,843 | €74,000 | -€8,843 | -10.7% |
| Suppliers | 440/4 | €82,843 | €74,000 | -€8,843 | -10.7% |
| Taxes, remuneration and social security | 45 | €10,614 | €1,143 | -€9,471 | -89.2% |
| Taxes | 450/3 | €10,614 | €1,143 | -€9,471 | -89.2% |
| Other amounts payable | 47/48 | €29,393 | €29,020 | -€374 | -1.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €214 | +€214 | |
| Gross operating margin | 9900 | -€22,199 | -€44,475 | -€22,276 | -100.3% |
| Operating profit (loss) | 9901 | -€22,587 | -€45,089 | -€22,502 | -99.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €839 | €252 | -€587 | -70.0% |
| Recurring financial charges | 65 | €839 | €252 | -€587 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,425 | -€45,340 | -€21,916 | -93.6% |
| Profit (loss) for the period | 9904 | -€23,425 | -€45,340 | -€21,916 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,425 | -€45,340 | -€21,916 | -93.6% |
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 11 October 2026 via checked.be.