BELVINA: 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.
BELVINA
Largest movements
- Receivables within one year -€34,703
no longer reported in 2025 (was €34,703)
- Cash -€4,910
down €4,910 (-93.7%), from €5,240 to €331
mainly Debts after one year (-€32,000) and Tax, wage and social debts (-€6,044)
- Debts after one year -€32,000
no longer reported in 2025 (was €32,000)
- Tax, wage and social debts -€6,044
no longer reported in 2025 (was €6,044)
- Profit (loss) carried forward -€1,569
down €1,569 (-5.6%), from -€27,807 to -€29,376
- Gross operating margin +€10,623
up €10,623 (+97.7%), from -€10,869 to -€245
- Other operating charges +€436
up €436 (+49.1%), from €887 to €1,323
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 | €45,572 | €5,959 | -€39,612 | -86.9% |
| Current assets | 29/58 | €45,572 | €5,959 | -€39,612 | -86.9% |
| Stocks and contracts in progress | 3 | €5,629 | €5,629 | = | 0.0% |
| Stocks | 30/36 | €5,629 | €5,629 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,703 | - | -€34,703 | |
| Trade receivables | 40 | €34,703 | - | -€34,703 | |
| Cash at bank and in hand | 54/58 | €5,240 | €331 | -€4,910 | -93.7% |
| Total equity and liabilities | 10/49 | €45,572 | €5,959 | -€39,612 | -86.9% |
| Equity | 10/15 | €7,528 | €5,959 | -€1,569 | -20.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,336 | €15,336 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €13,336 | €13,336 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,807 | -€29,376 | -€1,569 | -5.6% |
| Amounts payable | 17/49 | €38,044 | - | -€38,044 | |
| Amounts payable after more than one year | 17 | €32,000 | - | -€32,000 | |
| Financial debts | 170/4 | €32,000 | - | -€32,000 | |
| Amounts payable within one year | 42/48 | €6,044 | - | -€6,044 | |
| Taxes, remuneration and social security | 45 | €6,044 | - | -€6,044 | |
| Taxes | 450/3 | €6,044 | - | -€6,044 | |
| Other operating charges | 640/8 | €887 | €1,323 | +€436 | +49.1% |
| Gross operating margin | 9900 | -€10,869 | -€245 | +€10,623 | +97.7% |
| Operating profit (loss) | 9901 | -€11,756 | -€1,569 | +€10,188 | +86.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,756 | -€1,569 | +€10,188 | +86.7% |
| Profit (loss) for the period | 9904 | -€11,756 | -€1,569 | +€10,188 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,756 | -€1,569 | +€10,188 | +86.7% |
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 12 October 2026 via checked.be.