BELNESS: 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.
BELNESS
Largest movements
- Stocks and contracts -€11,344
down €11,344 (-17.2%), from €66,025 to €54,681
- Tangible fixed assets +€9,396
up €9,396 (+17.9%), from €52,468 to €61,864
of which Furniture and vehicles: +€13,680
- Current investments -€5,464
down €5,464 (-70.1%), from €7,797 to €2,333
- Cash -€4,937
down €4,937 (-49.1%), from €10,053 to €5,117
mainly Net result for the year (-€17,160) and Investment in fixed assets (net) (-€15,457)
- Receivables within one year -€3,592
down €3,592 (-33.0%), from €10,898 to €7,306
of which Other amounts receivable: -€3,096
- Reserves -€10,000
down €10,000 (-18.6%), from €53,710 to €43,710
of which Distributable reserves: -€10,000
- Other debts +€7,546
up €7,546 (+36.7%), from €20,569 to €28,115
- Profit (loss) carried forward -€7,160
down €7,160, from €4,003 to -€3,157
- Debts after one year -€3,155
down €3,155 (-12.8%), from €24,593 to €21,438
- Trade debts -€2,410
down €2,410 (-62.6%), from €3,850 to €1,440
- Gross operating margin -€18,680
down €18,680, from €11,582 to -€7,099
- Other operating charges +€451
up €451 (+22.8%), from €1,977 to €2,427
- Taxes -€433
down €433, from €426 to -€6
- Financial income -€318
down €318 (-33.4%), from €952 to €634
- Depreciation +€220
up €220 (+3.6%), from €6,141 to €6,361
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 | €148,141 | €131,901 | -€16,240 | -11.0% |
| Fixed assets | 21/28 | €53,368 | €62,464 | +€9,096 | +17.0% |
| Tangible fixed assets | 22/27 | €52,468 | €61,864 | +€9,396 | +17.9% |
| Land and buildings | 22 | €41,129 | €38,536 | -€2,593 | -6.3% |
| Plant, machinery and equipment | 23 | €4,151 | €2,460 | -€1,691 | -40.7% |
| Furniture and vehicles | 24 | €7,187 | €20,867 | +€13,680 | +190% |
| Financial fixed assets | 28 | €900 | €600 | -€300 | -33.3% |
| Current assets | 29/58 | €94,773 | €69,437 | -€25,336 | -26.7% |
| Stocks and contracts in progress | 3 | €66,025 | €54,681 | -€11,344 | -17.2% |
| Stocks | 30/36 | €66,025 | €54,681 | -€11,344 | -17.2% |
| Amounts receivable within one year | 40/41 | €10,898 | €7,306 | -€3,592 | -33.0% |
| Trade receivables | 40 | €2,033 | €1,538 | -€496 | -24.4% |
| Other amounts receivable | 41 | €8,865 | €5,769 | -€3,096 | -34.9% |
| Current investments | 50/53 | €7,797 | €2,333 | -€5,464 | -70.1% |
| Cash at bank and in hand | 54/58 | €10,053 | €5,117 | -€4,937 | -49.1% |
| Total equity and liabilities | 10/49 | €148,141 | €131,901 | -€16,240 | -11.0% |
| Equity | 10/15 | €94,913 | €77,753 | -€17,160 | -18.1% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €53,710 | €43,710 | -€10,000 | -18.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €51,850 | €41,850 | -€10,000 | -19.3% |
| Profit (loss) carried forward | 14 | €4,003 | -€3,157 | -€7,160 | |
| Amounts payable | 17/49 | €53,228 | €54,148 | +€919 | +1.7% |
| Amounts payable after more than one year | 17 | €24,593 | €21,438 | -€3,155 | -12.8% |
| Financial debts | 170/4 | €24,593 | €21,438 | -€3,155 | -12.8% |
| Amounts payable within one year | 42/48 | €28,636 | €32,710 | +€4,074 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €3,033 | €3,155 | +€122 | +4.0% |
| Financial debts | 43 | €4 | - | -€4 | |
| Credit institutions | 430/8 | €4 | - | -€4 | |
| Trade debts | 44 | €3,850 | €1,440 | -€2,410 | -62.6% |
| Suppliers | 440/4 | €3,850 | €1,440 | -€2,410 | -62.6% |
| Taxes, remuneration and social security | 45 | €1,180 | - | -€1,180 | |
| Taxes | 450/3 | €1,180 | - | -€1,180 | |
| Other amounts payable | 47/48 | €20,569 | €28,115 | +€7,546 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,141 | €6,361 | +€220 | +3.6% |
| Other operating charges | 640/8 | €1,977 | €2,427 | +€451 | +22.8% |
| Gross operating margin | 9900 | €11,582 | -€7,099 | -€18,680 | |
| Operating profit (loss) | 9901 | €3,464 | -€15,887 | -€19,351 | |
| Financial income | 75/76B | €952 | €634 | -€318 | -33.4% |
| Recurring financial income | 75 | €952 | €634 | -€318 | -33.4% |
| Financial charges | 65/66B | €2,063 | €1,913 | -€150 | -7.3% |
| Recurring financial charges | 65 | €2,063 | €1,913 | -€150 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €2,353 | -€17,166 | -€19,519 | |
| Income taxes | 67/77 | €426 | -€6 | -€433 | |
| Profit (loss) for the period | 9904 | €1,926 | -€17,160 | -€19,086 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,926 | -€17,160 | -€19,086 |
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 19 October 2026 via checked.be.