BIELIEVE: 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.
BIELIEVE
Largest movements
- Formation expenses +€61,660
new in 2025: €61,660
- Tangible fixed assets +€15,382
up €15,382 (+5.8%), from €263,583 to €278,965
of which Furniture and vehicles: +€24,385
- Receivables within one year +€10,707
up €10,707 (+17.8%), from €60,180 to €70,887
- Cash +€6,712
up €6,712 (+173.0%), from €3,879 to €10,591
mainly Other debts (+€221,669) and Depreciation (+€30,958)
- Deferred charges and accrued income +€5,703
up €5,703 (+60.2%), from €9,474 to €15,177
- Other debts +€221,669
up €221,669 (+58.4%), from €379,430 to €601,099
- Profit (loss) carried forward -€74,558
down €74,558 (-29.9%), from -€249,112 to -€323,670
- Debts after one year -€36,250
down €36,250 (-23.4%), from €154,591 to €118,341
- Trade debts -€12,229
down €12,229 (-93.2%), from €13,120 to €891
- Gross operating margin -€7,093
down €7,093 (-24.2%), from -€29,257 to -€36,350
- Depreciation +€5,557
up €5,557 (+21.9%), from €25,401 to €30,958
- Taxes -€3,113
down €3,113 (-90.3%), from €3,448 to €335
- Financial charges +€410
up €410 (+8.0%), from €5,156 to €5,566
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 | €337,117 | €437,280 | +€100,163 | +29.7% |
| Formation expenses | 20 | - | €61,660 | +€61,660 | |
| Fixed assets | 21/28 | €263,583 | €278,965 | +€15,382 | +5.8% |
| Tangible fixed assets | 22/27 | €263,583 | €278,965 | +€15,382 | +5.8% |
| Land and buildings | 22 | €116,294 | €108,558 | -€7,736 | -6.7% |
| Plant, machinery and equipment | 23 | €14,484 | €11,804 | -€2,680 | -18.5% |
| Furniture and vehicles | 24 | €122,253 | €146,638 | +€24,385 | +19.9% |
| Other tangible fixed assets | 26 | €10,552 | €11,965 | +€1,413 | +13.4% |
| Current assets | 29/58 | €73,534 | €96,655 | +€23,121 | +31.4% |
| Amounts receivable within one year | 40/41 | €60,180 | €70,887 | +€10,707 | +17.8% |
| Other amounts receivable | 41 | €60,180 | €70,887 | +€10,707 | +17.8% |
| Cash at bank and in hand | 54/58 | €3,879 | €10,591 | +€6,712 | +173.0% |
| Deferred charges and accrued income | 490/1 | €9,474 | €15,177 | +€5,703 | +60.2% |
| Total equity and liabilities | 10/49 | €337,117 | €437,280 | +€100,163 | +29.7% |
| Equity | 10/15 | -€245,798 | -€320,356 | -€74,558 | -30.3% |
| Reserves | 13 | €3,314 | €3,314 | -€0 | 0.0% |
| Distributable reserves | 133 | €3,314 | €3,314 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€249,112 | -€323,670 | -€74,558 | -29.9% |
| Amounts payable | 17/49 | €582,915 | €757,636 | +€174,721 | +30.0% |
| Amounts payable after more than one year | 17 | €154,591 | €118,341 | -€36,250 | -23.4% |
| Financial debts | 170/4 | €154,591 | €118,341 | -€36,250 | -23.4% |
| Amounts payable within one year | 42/48 | €427,824 | €638,395 | +€210,571 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | €35,021 | €36,252 | +€1,231 | +3.5% |
| Trade debts | 44 | €13,120 | €891 | -€12,229 | -93.2% |
| Suppliers | 440/4 | €13,120 | €891 | -€12,229 | -93.2% |
| Taxes, remuneration and social security | 45 | €253 | €153 | -€100 | -39.6% |
| Taxes | 450/3 | €253 | €153 | -€100 | -39.6% |
| Other amounts payable | 47/48 | €379,430 | €601,099 | +€221,669 | +58.4% |
| Accrued charges and deferred income | 492/3 | €500 | €900 | +€400 | +80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,401 | €30,958 | +€5,557 | +21.9% |
| Other operating charges | 640/8 | €1,523 | €1,368 | -€155 | -10.2% |
| Gross operating margin | 9900 | -€29,257 | -€36,350 | -€7,093 | -24.2% |
| Operating profit (loss) | 9901 | -€56,181 | -€68,676 | -€12,495 | -22.2% |
| Financial income | 75/76B | €206 | €19 | -€187 | -90.8% |
| Recurring financial income | 75 | €206 | €19 | -€187 | -90.8% |
| Financial charges | 65/66B | €5,156 | €5,566 | +€410 | +8.0% |
| Recurring financial charges | 65 | €5,156 | €5,566 | +€410 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | -€61,131 | -€74,223 | -€13,092 | -21.4% |
| Income taxes | 67/77 | €3,448 | €335 | -€3,113 | -90.3% |
| Profit (loss) for the period | 9904 | -€64,579 | -€74,558 | -€9,979 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,579 | -€74,558 | -€9,979 | -15.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.