LA.BEL: 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.
LA.BEL
Largest movements
- Receivables within one year +€3,919
up €3,919 (+149.4%), from €2,623 to €6,541
of which Trade receivables: +€4,158
- Cash -€3,131
down €3,131 (-23.3%), from €13,450 to €10,319
mainly Receivables within one year (-€3,919) and Other debts (-€2,023)
- Profit (loss) carried forward +€2,167
up €2,167 (+2.2%), from -€97,277 to -€95,111
- Other debts -€2,023
down €2,023 (-80.6%), from €2,510 to €486
- Tax, wage and social debts +€1,161
up €1,161, from €0 to €1,161
- Trade debts -€550
down €550 (-100.0%), from €550 to €0
- Gross operating margin +€13,763
up €13,763, from -€10,869 to €2,895
- Depreciation -€419
down €419 (-100.0%), from €419 to €0
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 | €16,855 | €17,534 | +€679 | +4.0% |
| Fixed assets | 21/28 | €70 | €0 | -€70 | -100.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €70 | €0 | -€70 | -100.0% |
| Current assets | 29/58 | €16,785 | €17,534 | +€749 | +4.5% |
| Amounts receivable within one year | 40/41 | €2,623 | €6,541 | +€3,919 | +149.4% |
| Trade receivables | 40 | €2,359 | €6,517 | +€4,158 | +176.2% |
| Other amounts receivable | 41 | €263 | €24 | -€239 | -90.7% |
| Cash at bank and in hand | 54/58 | €13,450 | €10,319 | -€3,131 | -23.3% |
| Deferred charges and accrued income | 490/1 | €712 | €674 | -€38 | -5.4% |
| Total equity and liabilities | 10/49 | €16,855 | €17,534 | +€679 | +4.0% |
| Equity | 10/15 | -€46,280 | -€44,113 | +€2,167 | +4.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €20,011 | €20,011 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €16,912 | €16,912 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,277 | -€95,111 | +€2,167 | +2.2% |
| Amounts payable | 17/49 | €63,134 | €61,647 | -€1,487 | -2.4% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,060 | €1,647 | -€1,413 | -46.2% |
| Trade debts | 44 | €550 | €0 | -€550 | -100.0% |
| Suppliers | 440/4 | €550 | €0 | -€550 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €1,161 | +€1,161 | |
| Taxes | 450/3 | €0 | €1,161 | +€1,161 | |
| Other amounts payable | 47/48 | €2,510 | €486 | -€2,023 | -80.6% |
| Accrued charges and deferred income | 492/3 | €74 | €0 | -€74 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419 | €0 | -€419 | -100.0% |
| Other operating charges | 640/8 | €740 | €737 | -€3 | -0.4% |
| Gross operating margin | 9900 | -€10,869 | €2,895 | +€13,763 | |
| Operating profit (loss) | 9901 | -€12,028 | €2,157 | +€14,186 | |
| Financial income | 75/76B | €92 | €82 | -€11 | -11.5% |
| Recurring financial income | 75 | €92 | €82 | -€11 | -11.5% |
| Financial charges | 65/66B | €119 | €72 | -€47 | -39.5% |
| Recurring financial charges | 65 | €119 | €72 | -€47 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,055 | €2,167 | +€14,222 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€12,055 | €2,167 | +€14,222 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,055 | €2,167 | +€14,222 |
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 11 October 2026 via checked.be.