LE BELIER: 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.
LE BELIER
Largest movements
- Deferred charges and accrued income +€11,219
new in 2025: €11,219
- Profit (loss) carried forward +€22,046
up €22,046 (+18.3%), from €120,778 to €142,824
- Trade debts -€5,406
down €5,406 (-35.4%), from €15,274 to €9,868
- Gross operating margin +€36,438
up €36,438, from -€4,527 to €31,911
- Financial income -€9,000
no longer reported in 2025 (was €9,000)
- Taxes +€7,422
up €7,422 (+2,229%), from €333 to €7,755
- Staff costs -€7,263
down €7,263, from €7,228 to -€35
- Other operating charges +€859
up €859 (+6,608%), from €13 to €872
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 | €406,560 | €418,654 | +€12,094 | +3.0% |
| Fixed assets | 21/28 | €689 | €689 | = | 0.0% |
| Financial fixed assets | 28 | €689 | €689 | = | 0.0% |
| Current assets | 29/58 | €405,871 | €417,965 | +€12,094 | +3.0% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €105,871 | €106,733 | +€862 | +0.8% |
| Trade receivables | 40 | €33,035 | €44,986 | +€11,951 | +36.2% |
| Other amounts receivable | 41 | €72,836 | €61,747 | -€11,089 | -15.2% |
| Cash at bank and in hand | 54/58 | - | €13 | +€13 | |
| Deferred charges and accrued income | 490/1 | - | €11,219 | +€11,219 | |
| Total equity and liabilities | 10/49 | €406,560 | €418,654 | +€12,094 | +3.0% |
| Equity | 10/15 | €366,229 | €388,275 | +€22,046 | +6.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €226,859 | €226,859 | = | 0.0% |
| Distributable reserves | 133 | €226,859 | €226,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,778 | €142,824 | +€22,046 | +18.3% |
| Amounts payable | 17/49 | €40,331 | €30,379 | -€9,952 | -24.7% |
| Amounts payable within one year | 42/48 | €39,982 | €30,379 | -€9,603 | -24.0% |
| Financial debts | 43 | €6,998 | €6,982 | -€16 | -0.2% |
| Credit institutions | 430/8 | €6,998 | €6,982 | -€16 | -0.2% |
| Trade debts | 44 | €15,274 | €9,868 | -€5,406 | -35.4% |
| Suppliers | 440/4 | €15,274 | €9,868 | -€5,406 | -35.4% |
| Taxes, remuneration and social security | 45 | €17,710 | €13,529 | -€4,181 | -23.6% |
| Taxes | 450/3 | €17,314 | €13,132 | -€4,182 | -24.2% |
| Remuneration and social security | 454/9 | €396 | €397 | +€1 | +0.3% |
| Accrued charges and deferred income | 492/3 | €349 | - | -€349 | |
| Remuneration, social security and pensions | 62 | €7,228 | -€35 | -€7,263 | |
| Other operating charges | 640/8 | €13 | €872 | +€859 | +6,608% |
| Gross operating margin | 9900 | -€4,527 | €31,911 | +€36,438 | |
| Operating profit (loss) | 9901 | -€11,768 | €31,074 | +€42,842 | |
| Financial income | 75/76B | €9,000 | - | -€9,000 | |
| Recurring financial income | 75 | €9,000 | - | -€9,000 | |
| Financial charges | 65/66B | €1,256 | €1,273 | +€17 | +1.4% |
| Recurring financial charges | 65 | €1,256 | €1,273 | +€17 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,024 | €29,801 | +€33,825 | |
| Income taxes | 67/77 | €333 | €7,755 | +€7,422 | +2,229% |
| Profit (loss) for the period | 9904 | -€4,357 | €22,046 | +€26,403 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,357 | €22,046 | +€26,403 |
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.