LA BELLE DOREE: 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 BELLE DOREE
Largest movements
- Tangible fixed assets -€12,796
down €12,796 (-24.4%), from €52,428 to €39,632
- Cash +€9,167
up €9,167 (+21,816%), from €42 to €9,209
mainly Depreciation (+€15,958) and Tax, wage and social debts (+€5,035)
- Intangible fixed assets -€3,000
down €3,000 (-10.8%), from €27,753 to €24,753
- Stocks and contracts -€1,856
down €1,856 (-54.0%), from €3,437 to €1,581
- Other debts -€10,538
down €10,538 (-20.3%), from €51,823 to €41,285
- Tax, wage and social debts +€5,035
up €5,035 (+52.3%), from €9,622 to €14,657
of which Remuneration and social security: +€3,834
- Trade debts -€4,263
down €4,263 (-43.5%), from €9,791 to €5,527
- Profit (loss) carried forward +€984
up €984 (+12.1%), from €8,158 to €9,143
- Staff costs +€7,864
up €7,864 (+33.5%), from €23,505 to €31,368
- Gross operating margin +€5,030
up €5,030 (+10.6%), from €47,556 to €52,586
- Depreciation +€3,681
up €3,681 (+30.0%), from €12,277 to €15,958
- Taxes -€1,575
down €1,575 (-70.9%), from €2,220 to €645
- Other operating charges +€1,040
up €1,040 (+133%), from €783 to €1,823
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 | €85,748 | €77,385 | -€8,363 | -9.8% |
| Formation expenses | 20 | €162 | - | -€162 | |
| Fixed assets | 21/28 | €80,181 | €64,385 | -€15,796 | -19.7% |
| Intangible fixed assets | 21 | €27,753 | €24,753 | -€3,000 | -10.8% |
| Tangible fixed assets | 22/27 | €52,428 | €39,632 | -€12,796 | -24.4% |
| Furniture and vehicles | 24 | €52,428 | €39,632 | -€12,796 | -24.4% |
| Current assets | 29/58 | €5,404 | €13,000 | +€7,596 | +141% |
| Stocks and contracts in progress | 3 | €3,437 | €1,581 | -€1,856 | -54.0% |
| Stocks | 30/36 | €3,437 | €1,581 | -€1,856 | -54.0% |
| Amounts receivable within one year | 40/41 | €1,515 | €1,719 | +€205 | +13.5% |
| Trade receivables | 40 | €29 | - | -€29 | |
| Other amounts receivable | 41 | €1,485 | €1,719 | +€234 | +15.8% |
| Cash at bank and in hand | 54/58 | €42 | €9,209 | +€9,167 | +21,816% |
| Deferred charges and accrued income | 490/1 | €411 | €490 | +€80 | +19.4% |
| Total equity and liabilities | 10/49 | €85,748 | €77,385 | -€8,363 | -9.8% |
| Equity | 10/15 | €10,158 | €11,143 | +€984 | +9.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,158 | €9,143 | +€984 | +12.1% |
| Amounts payable | 17/49 | €75,590 | €66,242 | -€9,347 | -12.4% |
| Amounts payable within one year | 42/48 | €75,590 | €66,242 | -€9,347 | -12.4% |
| Financial debts | 43 | €4,354 | €4,773 | +€419 | +9.6% |
| Credit institutions | 430/8 | €4,354 | €4,773 | +€419 | +9.6% |
| Trade debts | 44 | €9,791 | €5,527 | -€4,263 | -43.5% |
| Suppliers | 440/4 | €9,791 | €5,527 | -€4,263 | -43.5% |
| Taxes, remuneration and social security | 45 | €9,622 | €14,657 | +€5,035 | +52.3% |
| Taxes | 450/3 | €5,073 | €6,274 | +€1,201 | +23.7% |
| Remuneration and social security | 454/9 | €4,549 | €8,383 | +€3,834 | +84.3% |
| Other amounts payable | 47/48 | €51,823 | €41,285 | -€10,538 | -20.3% |
| Remuneration, social security and pensions | 62 | €23,505 | €31,368 | +€7,864 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,277 | €15,958 | +€3,681 | +30.0% |
| Other operating charges | 640/8 | €783 | €1,823 | +€1,040 | +133% |
| Gross operating margin | 9900 | €47,556 | €52,586 | +€5,030 | +10.6% |
| Operating profit (loss) | 9901 | €10,992 | €3,437 | -€7,555 | -68.7% |
| Financial income | 75/76B | €604 | €6 | -€598 | -99.0% |
| Recurring financial income | 75 | €604 | €6 | -€598 | -99.0% |
| Financial charges | 65/66B | €1,217 | €1,814 | +€596 | +49.0% |
| Recurring financial charges | 65 | €1,217 | €1,814 | +€596 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | €10,378 | €1,629 | -€8,749 | -84.3% |
| Income taxes | 67/77 | €2,220 | €645 | -€1,575 | -70.9% |
| Profit (loss) for the period | 9904 | €8,158 | €984 | -€7,174 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,158 | €984 | -€7,174 | -87.9% |
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 16 October 2026 via checked.be.