VN BELLE ILE: what changed
VN BELLE ILE
Largest movements
- Receivables within one year -€73,344
down €73,344 (-76.4%), from €95,970 to €22,627
- Tangible fixed assets -€39,638
down €39,638 (-34.7%), from €114,124 to €74,486
of which Other tangible fixed assets: -€37,103
- Stocks and contracts -€21,676
down €21,676 (-7.0%), from €310,087 to €288,411
- Cash +€18,063
up €18,063 (+37.9%), from €47,664 to €65,727
mainly Receivables within one year (+€73,344) and Depreciation (+€39,638)
- Profit (loss) carried forward -€82,388
down €82,388 (-29.0%), from -€284,372 to -€366,760
- Current portion of long-term debt -€39,657
down €39,657 (-72.8%), from €54,500 to €14,843
- Trade debts +€33,130
up €33,130 (+6.3%), from €527,588 to €560,719
- Debts after one year -€14,843
down €14,843 (-66.4%), from €22,352 to €7,509
- Tax, wage and social debts -€7,695
down €7,695 (-6.8%), from €113,024 to €105,329
of which Remuneration and social security: -€7,185
- Depreciation -€39,039
down €39,039 (-49.6%), from €78,677 to €39,638
- Staff costs +€29,464
up €29,464 (+10.7%), from €276,656 to €306,121
- Financial income -€10,090
down €10,090 (-60.0%), from €16,820 to €6,730
- Gross operating margin +€3,130
up €3,130 (+1.1%), from €292,640 to €295,770
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €593,092 | €481,639 | -€111,454 | -18.8% |
| Fixed assets | 21/28 | €117,331 | €77,693 | -€39,638 | -33.8% |
| Tangible fixed assets | 22/27 | €114,124 | €74,486 | -€39,638 | -34.7% |
| Plant, machinery and equipment | 23 | €4,879 | €2,772 | -€2,107 | -43.2% |
| Furniture and vehicles | 24 | €428 | €0 | -€428 | -100% |
| Other tangible fixed assets | 26 | €108,816 | €71,713 | -€37,103 | -34.1% |
| Financial fixed assets | 28 | €3,207 | €3,207 | = | 0.0% |
| Current assets | 29/58 | €475,761 | €403,945 | -€71,816 | -15.1% |
| Stocks and contracts in progress | 3 | €310,087 | €288,411 | -€21,676 | -7.0% |
| Stocks | 30/36 | €310,087 | €288,411 | -€21,676 | -7.0% |
| Amounts receivable within one year | 40/41 | €95,970 | €22,627 | -€73,344 | -76.4% |
| Trade receivables | 40 | €95,970 | €22,627 | -€73,344 | -76.4% |
| Cash at bank and in hand | 54/58 | €47,664 | €65,727 | +€18,063 | +37.9% |
| Deferred charges and accrued income | 490/1 | €22,040 | €27,181 | +€5,141 | +23.3% |
| Total equity and liabilities | 10/49 | €593,092 | €481,639 | -€111,454 | -18.8% |
| Equity | 10/15 | -€264,372 | -€346,760 | -€82,388 | -31.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€284,372 | -€366,760 | -€82,388 | -29.0% |
| Amounts payable | 17/49 | €857,464 | €828,399 | -€29,066 | -3.4% |
| Amounts payable after more than one year | 17 | €22,352 | €7,509 | -€14,843 | -66.4% |
| Financial debts | 170/4 | €22,352 | €7,509 | -€14,843 | -66.4% |
| Amounts payable within one year | 42/48 | €835,113 | €820,890 | -€14,222 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €54,500 | €14,843 | -€39,657 | -72.8% |
| Trade debts | 44 | €527,588 | €560,719 | +€33,130 | +6.3% |
| Suppliers | 440/4 | €527,588 | €560,719 | +€33,130 | +6.3% |
| Taxes, remuneration and social security | 45 | €113,024 | €105,329 | -€7,695 | -6.8% |
| Taxes | 450/3 | €66,845 | €66,335 | -€510 | -0.8% |
| Remuneration and social security | 454/9 | €46,178 | €38,993 | -€7,185 | -15.6% |
| Other amounts payable | 47/48 | €140,000 | €140,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €276,656 | €306,121 | +€29,464 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,677 | €39,638 | -€39,039 | -49.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,284 | €7,941 | +€1,657 | +26.4% |
| Other operating charges | 640/8 | €29,177 | €28,773 | -€404 | -1.4% |
| Gross operating margin | 9900 | €292,640 | €295,770 | +€3,130 | +1.1% |
| Operating profit (loss) | 9901 | -€98,154 | -€86,702 | +€11,451 | +11.7% |
| Financial income | 75/76B | €16,820 | €6,730 | -€10,090 | -60.0% |
| Recurring financial income | 75 | €16,820 | €6,730 | -€10,090 | -60.0% |
| Financial charges | 65/66B | €2,931 | €2,416 | -€515 | -17.6% |
| Recurring financial charges | 65 | €2,931 | €2,416 | -€515 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€84,264 | -€82,388 | +€1,876 | +2.2% |
| Profit (loss) for the period | 9904 | -€84,264 | -€82,388 | +€1,876 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,264 | -€82,388 | +€1,876 | +2.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.