IL BELVEDERE: 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.
IL BELVEDERE
Largest movements
- Tangible fixed assets -€349
down €349 (-94.3%), from €370 to €21
of which Furniture and vehicles: -€237
- Profit (loss) carried forward -€349
down €349 (-0.2%), from -€209,241 to -€209,590
- Other operating charges -€2,000
no longer reported in 2025 (was €2,000)
- Depreciation -€786
down €786 (-69.3%), from €1,134 to €349
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 | €10,038 | €9,690 | -€349 | -3.5% |
| Fixed assets | 21/28 | €590 | €241 | -€349 | -59.1% |
| Tangible fixed assets | 22/27 | €370 | €21 | -€349 | -94.3% |
| Plant, machinery and equipment | 23 | €133 | €21 | -€112 | -84.1% |
| Furniture and vehicles | 24 | €237 | - | -€237 | |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €9,449 | €9,449 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,443 | €9,443 | = | 0.0% |
| Other amounts receivable | 41 | €9,443 | €9,443 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6 | €6 | = | 0.0% |
| Total equity and liabilities | 10/49 | €10,038 | €9,690 | -€349 | -3.5% |
| Equity | 10/15 | -€190,641 | -€190,990 | -€349 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€209,241 | -€209,590 | -€349 | -0.2% |
| Amounts payable | 17/49 | €200,679 | €200,679 | = | 0.0% |
| Amounts payable within one year | 42/48 | €200,679 | €200,679 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,052 | €5,052 | = | 0.0% |
| Suppliers | 440/4 | €5,052 | €5,052 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €195,628 | €195,628 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,134 | €349 | -€786 | -69.3% |
| Other operating charges | 640/8 | €2,000 | - | -€2,000 | |
| Gross operating margin | 9900 | €0 | - | = | |
| Operating profit (loss) | 9901 | -€3,134 | -€349 | +€2,786 | +88.9% |
| Financial charges | 65/66B | €0 | - | = | |
| Recurring financial charges | 65 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€3,134 | -€349 | +€2,786 | +88.9% |
| Profit (loss) for the period | 9904 | -€3,134 | -€349 | +€2,786 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,134 | -€349 | +€2,786 | +88.9% |
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 18 October 2026 via checked.be.