BELVIVE: 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.
BELVIVE
Largest movements
- Tangible fixed assets -€16,030
down €16,030 (-24.9%), from €64,440 to €48,411
of which Furniture and vehicles: -€10,998
- Cash -€11,745
down €11,745 (-42.3%), from €27,744 to €15,999
mainly Tax, wage and social debts (-€10,872) and Other debts (-€10,218)
- Stocks and contracts +€6,582
up €6,582 (+47.5%), from €13,859 to €20,441
- Tax, wage and social debts -€10,872
down €10,872 (-71.4%), from €15,236 to €4,364
of which Remuneration and social security: -€8,502
- Other debts -€10,218
down €10,218 (-25.5%), from €40,119 to €29,900
- Debts after one year -€8,421
down €8,421 (-27.7%), from €30,425 to €22,003
- Reserves +€4,296
up €4,296 (+72.7%), from €5,907 to €10,203
- Trade debts +€2,957
up €2,957 (+63.2%), from €4,675 to €7,632
- Depreciation +€3,125
up €3,125 (+24.2%), from €12,905 to €16,030
- Gross operating margin +€1,843
up €1,843 (+8.1%), from €22,783 to €24,626
- Financial charges +€595
up €595 (+51.1%), from €1,166 to €1,761
- Taxes -€375
down €375 (-13.9%), from €2,698 to €2,323
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 | €106,909 | €85,827 | -€21,082 | -19.7% |
| Fixed assets | 21/28 | €64,440 | €48,411 | -€16,030 | -24.9% |
| Tangible fixed assets | 22/27 | €64,440 | €48,411 | -€16,030 | -24.9% |
| Plant, machinery and equipment | 23 | €20,128 | €15,096 | -€5,032 | -25.0% |
| Furniture and vehicles | 24 | €44,312 | €33,315 | -€10,998 | -24.8% |
| Current assets | 29/58 | €42,469 | €37,417 | -€5,052 | -11.9% |
| Stocks and contracts in progress | 3 | €13,859 | €20,441 | +€6,582 | +47.5% |
| Stocks | 30/36 | €13,859 | €20,441 | +€6,582 | +47.5% |
| Amounts receivable within one year | 40/41 | - | €48 | +€48 | |
| Other amounts receivable | 41 | - | €48 | +€48 | |
| Cash at bank and in hand | 54/58 | €27,744 | €15,999 | -€11,745 | -42.3% |
| Deferred charges and accrued income | 490/1 | €865 | €928 | +€62 | +7.2% |
| Total equity and liabilities | 10/49 | €106,909 | €85,827 | -€21,082 | -19.7% |
| Equity | 10/15 | €8,407 | €12,703 | +€4,296 | +51.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €5,907 | €10,203 | +€4,296 | +72.7% |
| Distributable reserves | 133 | €5,907 | €10,203 | +€4,296 | +72.7% |
| Amounts payable | 17/49 | €98,502 | €73,124 | -€25,378 | -25.8% |
| Amounts payable after more than one year | 17 | €30,425 | €22,003 | -€8,421 | -27.7% |
| Financial debts | 170/4 | €30,425 | €22,003 | -€8,421 | -27.7% |
| Amounts payable within one year | 42/48 | €68,077 | €51,003 | -€17,075 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €8,047 | €9,106 | +€1,059 | +13.2% |
| Trade debts | 44 | €4,675 | €7,632 | +€2,957 | +63.2% |
| Suppliers | 440/4 | €4,675 | €7,632 | +€2,957 | +63.2% |
| Taxes, remuneration and social security | 45 | €15,236 | €4,364 | -€10,872 | -71.4% |
| Taxes | 450/3 | €6,734 | €4,364 | -€2,370 | -35.2% |
| Remuneration and social security | 454/9 | €8,502 | €0 | -€8,502 | -100.0% |
| Other amounts payable | 47/48 | €40,119 | €29,900 | -€10,218 | -25.5% |
| Accrued charges and deferred income | 492/3 | - | €118 | +€118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,905 | €16,030 | +€3,125 | +24.2% |
| Other operating charges | 640/8 | €200 | €299 | +€99 | +49.4% |
| Gross operating margin | 9900 | €22,783 | €24,626 | +€1,843 | +8.1% |
| Operating profit (loss) | 9901 | €9,678 | €8,298 | -€1,381 | -14.3% |
| Financial income | 75/76B | €92 | €82 | -€11 | -11.5% |
| Recurring financial income | 75 | €92 | €82 | -€11 | -11.5% |
| Financial charges | 65/66B | €1,166 | €1,761 | +€595 | +51.1% |
| Recurring financial charges | 65 | €1,166 | €1,761 | +€595 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | €8,605 | €6,619 | -€1,986 | -23.1% |
| Income taxes | 67/77 | €2,698 | €2,323 | -€375 | -13.9% |
| Profit (loss) for the period | 9904 | €5,907 | €4,296 | -€1,611 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,907 | €4,296 | -€1,611 | -27.3% |
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 1 October 2026 via checked.be.