LE BELUGA: what changed
Two fiscal 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 BELUGA
Largest movements
- Cash +€6,875
up €6,875 (+264.2%), from €2,602 to €9,477
mainly Trade debts (+€6,798) and Other debts (+€2,966)
- Stocks and contracts +€4,650
new in 2025: €4,650
- Deferred charges and accrued income +€884
up €884 (+701.3%), from €126 to €1,010
- Trade debts +€6,798
up €6,798 (+1146.7%), from €593 to €7,391
- Other debts +€2,966
up €2,966 (+73.9%), from €4,014 to €6,980
- Tax, wage and social debts +€1,698
new in 2025: €1,698
- Profit (loss) carried forward +€845
up €845 (+20.0%), from -€4,215 to -€3,371
- Gross operating margin +€19,850
up €19,850, from -€646 to €19,204
- Staff costs +€17,074
new in 2025: €17,074
- Purchases and services -€646
no longer reported in 2025 (was €646)
- Financial charges +€497
up €497 (+355.2%), from €140 to €637
- Other operating charges +€430
up €430 (+195.3%), from €220 to €650
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 | €3,391 | €15,697 | +€12,306 | +362.9% |
| Current assets | 29/58 | €3,391 | €15,697 | +€12,306 | +362.9% |
| Stocks and contracts in progress | 3 | - | €4,650 | +€4,650 | |
| Stocks | 30/36 | - | €4,650 | +€4,650 | |
| Amounts receivable within one year | 40/41 | €663 | €561 | -€102 | -15.4% |
| Other amounts receivable | 41 | €663 | €561 | -€102 | -15.4% |
| Cash at bank and in hand | 54/58 | €2,602 | €9,477 | +€6,875 | +264.2% |
| Deferred charges and accrued income | 490/1 | €126 | €1,010 | +€884 | +701.3% |
| Total equity and liabilities | 10/49 | €3,391 | €15,697 | +€12,306 | +362.9% |
| Equity | 10/15 | -€1,215 | -€371 | +€845 | +69.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,215 | -€3,371 | +€845 | +20.0% |
| Amounts payable | 17/49 | €4,607 | €16,068 | +€11,462 | +248.8% |
| Amounts payable within one year | 42/48 | €4,607 | €16,068 | +€11,462 | +248.8% |
| Trade debts | 44 | €593 | €7,391 | +€6,798 | +1146.7% |
| Suppliers | 440/4 | €593 | €7,391 | +€6,798 | +1146.7% |
| Taxes, remuneration and social security | 45 | - | €1,698 | +€1,698 | |
| Remuneration and social security | 454/9 | - | €1,698 | +€1,698 | |
| Other amounts payable | 47/48 | €4,014 | €6,980 | +€2,966 | +73.9% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €646 | - | -€646 | |
| Remuneration, social security and pensions | 62 | - | €17,074 | +€17,074 | |
| Other operating charges | 640/8 | €220 | €650 | +€430 | +195.3% |
| Gross operating margin | 9900 | -€646 | €19,204 | +€19,850 | |
| Operating profit (loss) | 9901 | -€866 | €1,481 | +€2,347 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €140 | €637 | +€497 | +355.2% |
| Recurring financial charges | 65 | €140 | €637 | +€497 | +355.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,006 | €845 | +€1,851 | |
| Profit (loss) for the period | 9904 | -€1,006 | €845 | +€1,851 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,006 | €845 | +€1,851 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.