DR. BELAID: 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.
DR. BELAID
Largest movements
- Receivables within one year +€46,562
up €46,562 (+62,083%), from €75 to €46,637
of which Other amounts receivable: +€46,302
- Intangible fixed assets -€17,672
down €17,672 (-11.8%), from €150,186 to €132,514
- Cash -€6,788
down €6,788 (-12.5%), from €54,096 to €47,308
mainly Contributions, distributions and other (-€150,000) and Receivables within one year (-€46,562)
- Other debts +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Profit (loss) carried forward -€35,622
down €35,622 (-13.9%), from €255,826 to €220,204
- Tax, wage and social debts +€8,782
up €8,782 (+9.1%), from €96,193 to €104,974
of which Taxes: +€27,982
- Gross operating margin +€17,279
up €17,279 (+11.5%), from €150,846 to €168,125
- Financial income -€11,132
down €11,132 (-89.9%), from €12,387 to €1,255
- Taxes +€4,437
up €4,437 (+14.5%), from €30,669 to €35,105
- Depreciation -€3,534
down €3,534 (-16.7%), from €21,206 to €17,672
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 | €476,247 | €498,349 | +€22,102 | +4.6% |
| Fixed assets | 21/28 | €150,186 | €132,514 | -€17,672 | -11.8% |
| Intangible fixed assets | 21 | €150,186 | €132,514 | -€17,672 | -11.8% |
| Current assets | 29/58 | €326,060 | €365,834 | +€39,774 | +12.2% |
| Amounts receivable after more than one year | 29 | €271,890 | €271,890 | = | 0.0% |
| Other amounts receivable | 291 | €271,890 | €271,890 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €75 | €46,637 | +€46,562 | +62,083% |
| Trade receivables | 40 | €75 | €335 | +€260 | +347% |
| Other amounts receivable | 41 | - | €46,302 | +€46,302 | |
| Cash at bank and in hand | 54/58 | €54,096 | €47,308 | -€6,788 | -12.5% |
| Total equity and liabilities | 10/49 | €476,247 | €498,349 | +€22,102 | +4.6% |
| Equity | 10/15 | €258,826 | €223,204 | -€35,622 | -13.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,826 | €220,204 | -€35,622 | -13.9% |
| Amounts payable | 17/49 | €217,420 | €275,145 | +€57,724 | +26.5% |
| Amounts payable within one year | 42/48 | €217,420 | €275,145 | +€57,724 | +26.5% |
| Trade debts | 44 | €21,228 | €20,171 | -€1,057 | -5.0% |
| Suppliers | 440/4 | €21,228 | €20,171 | -€1,057 | -5.0% |
| Taxes, remuneration and social security | 45 | €96,193 | €104,974 | +€8,782 | +9.1% |
| Taxes | 450/3 | €76,993 | €104,974 | +€27,982 | +36.3% |
| Remuneration and social security | 454/9 | €19,200 | - | -€19,200 | |
| Other amounts payable | 47/48 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,206 | €17,672 | -€3,534 | -16.7% |
| Other operating charges | 640/8 | - | €225 | +€225 | |
| Non-recurring operating charges | 66A | €1,271 | €614 | -€657 | -51.7% |
| Gross operating margin | 9900 | €150,846 | €168,125 | +€17,279 | +11.5% |
| Operating profit (loss) | 9901 | €128,369 | €149,613 | +€21,245 | +16.5% |
| Financial income | 75/76B | €12,387 | €1,255 | -€11,132 | -89.9% |
| Recurring financial income | 75 | €12,387 | €1,255 | -€11,132 | -89.9% |
| Financial charges | 65/66B | - | €1,385 | +€1,385 | |
| Recurring financial charges | 65 | - | €1,385 | +€1,385 | |
| Profit (loss) for the period before taxes | 9903 | €140,755 | €149,483 | +€8,728 | +6.2% |
| Income taxes | 67/77 | €30,669 | €35,105 | +€4,437 | +14.5% |
| Profit (loss) for the period | 9904 | €110,087 | €114,378 | +€4,291 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €110,087 | €114,378 | +€4,291 | +3.9% |
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 22 October 2026 via checked.be.