BELUGA SERVICES: 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.
BELUGA SERVICES
Largest movements
- Receivables within one year -€12,881
down €12,881 (-84.3%), from €15,275 to €2,394
- Trade debts -€7,567
down €7,567 (-78.6%), from €9,631 to €2,064
- Debts after one year -€2,938
down €2,938 (-22.9%), from €12,835 to €9,897
- Tax, wage and social debts -€2,032
down €2,032 (-84.0%), from €2,420 to €388
- Profit (loss) carried forward -€1,230
down €1,230 (-8.6%), from -€14,351 to -€15,581
- Taxes -€2,000
down €2,000, from €806 to -€1,194
- Gross operating margin -€1,108
down €1,108, from €629 to -€479
- Other operating charges -€297
down €297 (-14.4%), from €2,063 to €1,766
- Financial charges -€14
down €14 (-7.3%), from €193 to €179
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 | €103,037 | €89,270 | -€13,767 | -13.4% |
| Fixed assets | 21/28 | €85,981 | €85,981 | = | 0.0% |
| Tangible fixed assets | 22/27 | €85,928 | €85,928 | = | 0.0% |
| Land and buildings | 22 | €85,928 | €85,928 | = | 0.0% |
| Financial fixed assets | 28 | €53 | €53 | = | 0.0% |
| Current assets | 29/58 | €17,056 | €3,289 | -€13,767 | -80.7% |
| Amounts receivable within one year | 40/41 | €15,275 | €2,394 | -€12,881 | -84.3% |
| Trade receivables | 40 | €15,275 | €2,394 | -€12,881 | -84.3% |
| Cash at bank and in hand | 54/58 | €1,781 | €895 | -€886 | -49.7% |
| Total equity and liabilities | 10/49 | €103,037 | €89,270 | -€13,767 | -13.4% |
| Equity | 10/15 | €72,151 | €70,921 | -€1,230 | -1.7% |
| Contributions | 10/11 | €86,032 | €86,032 | = | 0.0% |
| Capital | 10 | €86,032 | €86,032 | = | 0.0% |
| Issued capital | 100 | €86,032 | €86,032 | = | 0.0% |
| Reserves | 13 | €470 | €470 | = | 0.0% |
| Non-distributable reserves | 130/1 | €470 | €470 | = | 0.0% |
| Legal reserve | 130 | €470 | €470 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,351 | -€15,581 | -€1,230 | -8.6% |
| Provisions and deferred taxes | 16 | €6,000 | €6,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €6,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable | 17/49 | €24,886 | €12,349 | -€12,537 | -50.4% |
| Amounts payable after more than one year | 17 | €12,835 | €9,897 | -€2,938 | -22.9% |
| Other amounts payable | 178/9 | €12,835 | €9,897 | -€2,938 | -22.9% |
| Amounts payable within one year | 42/48 | €12,051 | €2,452 | -€9,599 | -79.7% |
| Trade debts | 44 | €9,631 | €2,064 | -€7,567 | -78.6% |
| Suppliers | 440/4 | €9,631 | €2,064 | -€7,567 | -78.6% |
| Taxes, remuneration and social security | 45 | €2,420 | €388 | -€2,032 | -84.0% |
| Taxes | 450/3 | €2,420 | €388 | -€2,032 | -84.0% |
| Other operating charges | 640/8 | €2,063 | €1,766 | -€297 | -14.4% |
| Gross operating margin | 9900 | €629 | -€479 | -€1,108 | |
| Operating profit (loss) | 9901 | -€1,434 | -€2,245 | -€811 | -56.6% |
| Financial charges | 65/66B | €193 | €179 | -€14 | -7.3% |
| Recurring financial charges | 65 | €193 | €179 | -€14 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,627 | -€2,424 | -€797 | -49.0% |
| Income taxes | 67/77 | €806 | -€1,194 | -€2,000 | |
| Profit (loss) for the period | 9904 | -€2,433 | -€1,230 | +€1,203 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,433 | -€1,230 | +€1,203 | +49.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.