DE BELIE: 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.
DE BELIE
Largest movements
- Receivables within one year -€8,502
down €8,502 (-88.5%), from €9,608 to €1,106
of which Trade receivables: -€5,681
- Deferred charges and accrued income +€5,904
new in 2025: €5,904
- Tangible fixed assets +€4,179
up €4,179 (+41.4%), from €10,084 to €14,263
- Profit (loss) carried forward -€2,252
down €2,252 (-1.5%), from -€145,307 to -€147,560
- Tax, wage and social debts +€1,872
up €1,872 (+422%), from €443 to €2,315
- Trade debts +€1,501
new in 2025: €1,501
- Gross operating margin -€102,267
down €102,267 (-92.1%), from €111,046 to €8,778
- Staff costs -€43,447
down €43,447 (-100%), from €43,447 to €0
- Financial charges +€4,629
up €4,629 (+1,378%), from €336 to €4,965
- Other operating charges -€3,487
down €3,487 (-61.3%), from €5,689 to €2,202
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 | €93,560 | €94,332 | +€772 | +0.8% |
| Fixed assets | 21/28 | €10,084 | €14,263 | +€4,179 | +41.4% |
| Tangible fixed assets | 22/27 | €10,084 | €14,263 | +€4,179 | +41.4% |
| Furniture and vehicles | 24 | €10,084 | €14,263 | +€4,179 | +41.4% |
| Current assets | 29/58 | €83,477 | €80,069 | -€3,407 | -4.1% |
| Amounts receivable within one year | 40/41 | €9,608 | €1,106 | -€8,502 | -88.5% |
| Trade receivables | 40 | €5,977 | €296 | -€5,681 | -95.0% |
| Other amounts receivable | 41 | €3,631 | €810 | -€2,821 | -77.7% |
| Cash at bank and in hand | 54/58 | €73,869 | €73,059 | -€810 | -1.1% |
| Deferred charges and accrued income | 490/1 | - | €5,904 | +€5,904 | |
| Total equity and liabilities | 10/49 | €93,560 | €94,332 | +€772 | +0.8% |
| Equity | 10/15 | €92,378 | €90,126 | -€2,252 | -2.4% |
| Contributions | 10/11 | €234,592 | €234,592 | = | 0.0% |
| Reserves | 13 | €3,094 | €3,094 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,234 | €1,234 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,307 | -€147,560 | -€2,252 | -1.5% |
| Amounts payable | 17/49 | €1,182 | €4,206 | +€3,024 | +256% |
| Amounts payable within one year | 42/48 | €1,182 | €4,206 | +€3,024 | +256% |
| Financial debts | 43 | - | €198 | +€198 | |
| Credit institutions | 430/8 | - | €198 | +€198 | |
| Trade debts | 44 | - | €1,501 | +€1,501 | |
| Suppliers | 440/4 | - | €1,501 | +€1,501 | |
| Taxes, remuneration and social security | 45 | €443 | €2,315 | +€1,872 | +422% |
| Taxes | 450/3 | €443 | €2,315 | +€1,872 | +422% |
| Other amounts payable | 47/48 | €739 | €192 | -€547 | -74.0% |
| Non-recurring operating income | 76A | €40,099 | €0 | -€40,099 | -100% |
| Remuneration, social security and pensions | 62 | €43,447 | €0 | -€43,447 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,360 | €3,716 | +€356 | +10.6% |
| Other operating charges | 640/8 | €5,689 | €2,202 | -€3,487 | -61.3% |
| Gross operating margin | 9900 | €111,046 | €8,778 | -€102,267 | -92.1% |
| Operating profit (loss) | 9901 | €58,550 | €2,860 | -€55,689 | -95.1% |
| Financial income | 75/76B | €0 | €23 | +€23 | +46,840% |
| Recurring financial income | 75 | €0 | €23 | +€23 | +46,840% |
| Financial charges | 65/66B | €336 | €4,965 | +€4,629 | +1,378% |
| Recurring financial charges | 65 | €336 | €4,965 | +€4,629 | +1,378% |
| Profit (loss) for the period before taxes | 9903 | €58,214 | -€2,081 | -€60,295 | |
| Income taxes | 67/77 | €265 | €171 | -€94 | -35.5% |
| Profit (loss) for the period | 9904 | €57,949 | -€2,252 | -€60,201 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,949 | -€2,252 | -€60,201 |
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.