SB BELOR: 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.
SB BELOR
Largest movements
- Receivables within one year -€5,398
down €5,398 (-99.3%), from €5,436 to €39
- Tax, wage and social debts -€5,858
no longer reported in 2025 (was €5,858)
- Other debts +€1,431
new in 2025: €1,431
- Profit (loss) carried forward -€1,390
down €1,390 (-6.7%), from -€20,882 to -€22,272
- Trade debts +€419
new in 2025: €419
- Gross operating margin -€5,034
down €5,034, from €4,432 to -€603
- Other operating charges -€84
down €84 (-9.6%), from €871 to €788
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,436 | €39 | -€5,398 | -99.3% |
| Current assets | 29/58 | €5,436 | €39 | -€5,398 | -99.3% |
| Amounts receivable within one year | 40/41 | €5,436 | €39 | -€5,398 | -99.3% |
| Other amounts receivable | 41 | €5,436 | €39 | -€5,398 | -99.3% |
| Total equity and liabilities | 10/49 | €5,436 | €39 | -€5,398 | -99.3% |
| Equity | 10/15 | -€422 | -€1,812 | -€1,390 | -330% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,882 | -€22,272 | -€1,390 | -6.7% |
| Amounts payable | 17/49 | €5,858 | €1,851 | -€4,007 | -68.4% |
| Amounts payable within one year | 42/48 | €5,858 | €1,851 | -€4,007 | -68.4% |
| Trade debts | 44 | - | €419 | +€419 | |
| Suppliers | 440/4 | - | €419 | +€419 | |
| Taxes, remuneration and social security | 45 | €5,858 | - | -€5,858 | |
| Taxes | 450/3 | €5,858 | - | -€5,858 | |
| Other amounts payable | 47/48 | - | €1,431 | +€1,431 | |
| Other operating charges | 640/8 | €871 | €788 | -€84 | -9.6% |
| Gross operating margin | 9900 | €4,432 | -€603 | -€5,034 | |
| Operating profit (loss) | 9901 | €3,560 | -€1,390 | -€4,951 | |
| Financial charges | 65/66B | €37 | - | -€37 | |
| Recurring financial charges | 65 | €37 | - | -€37 | |
| Profit (loss) for the period before taxes | 9903 | €3,523 | -€1,390 | -€4,913 | |
| Profit (loss) for the period | 9904 | €3,523 | -€1,390 | -€4,913 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,523 | -€1,390 | -€4,913 |
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 24 October 2026 via checked.be.