BELORIENT: 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.
BELORIENT
Largest movements
- Cash +€48,300
up €48,300 (+170,551%), from €28 to €48,328
mainly Other debts (+€89,195)
- Receivables within one year +€16,705
up €16,705 (+29.2%), from €57,131 to €73,836
of which Trade receivables: +€16,840
- Other debts +€89,195
up €89,195 (+76.5%), from €116,626 to €205,821
- Gross operating margin +€15,393
up €15,393 (+76.4%), from -€20,154 to -€4,761
- Other operating charges -€1,127
down €1,127 (-43.7%), from €2,580 to €1,453
- Financial charges -€357
down €357 (-23.7%), from €1,509 to €1,152
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 | €1,585,060 | €1,650,065 | +€65,005 | +4.1% |
| Fixed assets | 21/28 | €1,520,900 | €1,520,900 | = | 0.0% |
| Financial fixed assets | 28 | €1,520,900 | €1,520,900 | = | 0.0% |
| Current assets | 29/58 | €64,160 | €129,165 | +€65,005 | +101% |
| Amounts receivable after more than one year | 29 | €7,000 | €7,000 | = | 0.0% |
| Other amounts receivable | 291 | €7,000 | €7,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,131 | €73,836 | +€16,705 | +29.2% |
| Trade receivables | 40 | €51,758 | €68,598 | +€16,840 | +32.5% |
| Other amounts receivable | 41 | €5,373 | €5,238 | -€135 | -2.5% |
| Cash at bank and in hand | 54/58 | €28 | €48,328 | +€48,300 | +170,551% |
| Total equity and liabilities | 10/49 | €1,585,060 | €1,650,065 | +€65,005 | +4.1% |
| Equity | 10/15 | €1,371,302 | €1,363,936 | -€7,366 | -0.5% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €271,302 | €263,936 | -€7,366 | -2.7% |
| Amounts payable | 17/49 | €213,758 | €286,129 | +€72,371 | +33.9% |
| Amounts payable after more than one year | 17 | €74,952 | €64,824 | -€10,128 | -13.5% |
| Other amounts payable | 178/9 | €74,952 | €64,824 | -€10,128 | -13.5% |
| Amounts payable within one year | 42/48 | €137,934 | €220,606 | +€82,672 | +59.9% |
| Financial debts | 43 | €3,147 | €142 | -€3,005 | -95.5% |
| Credit institutions | 430/8 | €3,147 | €142 | -€3,005 | -95.5% |
| Trade debts | 44 | €18,162 | €14,643 | -€3,518 | -19.4% |
| Suppliers | 440/4 | €18,162 | €14,643 | -€3,518 | -19.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €116,626 | €205,821 | +€89,195 | +76.5% |
| Accrued charges and deferred income | 492/3 | €872 | €699 | -€173 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,580 | €1,453 | -€1,127 | -43.7% |
| Gross operating margin | 9900 | -€20,154 | -€4,761 | +€15,393 | +76.4% |
| Operating profit (loss) | 9901 | -€22,734 | -€6,214 | +€16,520 | +72.7% |
| Financial charges | 65/66B | €1,509 | €1,152 | -€357 | -23.7% |
| Recurring financial charges | 65 | €1,509 | €1,152 | -€357 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,243 | -€7,366 | +€16,877 | +69.6% |
| Profit (loss) for the period | 9904 | -€24,243 | -€7,366 | +€16,877 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,243 | -€7,366 | +€16,877 | +69.6% |
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 25 October 2026 via checked.be.