AL BELMONTE: 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.
AL BELMONTE
Largest movements
- Tangible fixed assets -€8,391
down €8,391 (-20.8%), from €40,270 to €31,879
of which Furniture and vehicles: -€9,773
- Cash +€6,052
up €6,052 (+67.6%), from €8,956 to €15,008
mainly Depreciation (+€12,511) and Net result for the year (+€7,209)
- Deferred charges and accrued income -€4,721
down €4,721 (-90.7%), from €5,205 to €484
- Receivables within one year +€2,947
up €2,947 (+18.1%), from €16,296 to €19,243
of which Other amounts receivable: +€3,213
- Stocks and contracts +€2,102
up €2,102 (+36.1%), from €5,817 to €7,919
- Other debts -€10,519
down €10,519 (-50.8%), from €20,692 to €10,174
- Profit (loss) carried forward +€7,209
up €7,209 (+2.9%), from -€251,632 to -€244,423
- Tax, wage and social debts +€7,054
up €7,054 (+12.3%), from €57,438 to €64,491
of which Remuneration and social security: +€8,833
- Short-term financial debts +€5,656
up €5,656, from €0 to €5,656
- Debts after one year -€5,529
no longer reported in 2025 (was €5,529)
- Staff costs -€19,937
down €19,937 (-6.5%), from €308,549 to €288,613
- Gross operating margin +€6,734
up €6,734 (+2.1%), from €316,571 to €323,304
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 | €76,643 | €74,632 | -€2,011 | -2.6% |
| Fixed assets | 21/28 | €40,369 | €31,978 | -€8,391 | -20.8% |
| Tangible fixed assets | 22/27 | €40,270 | €31,879 | -€8,391 | -20.8% |
| Land and buildings | 22 | €9,196 | €8,996 | -€200 | -2.2% |
| Plant, machinery and equipment | 23 | €3,533 | €5,115 | +€1,582 | +44.8% |
| Furniture and vehicles | 24 | €27,542 | €17,769 | -€9,773 | -35.5% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €36,274 | €42,653 | +€6,380 | +17.6% |
| Stocks and contracts in progress | 3 | €5,817 | €7,919 | +€2,102 | +36.1% |
| Stocks | 30/36 | €5,817 | €7,919 | +€2,102 | +36.1% |
| Amounts receivable within one year | 40/41 | €16,296 | €19,243 | +€2,947 | +18.1% |
| Trade receivables | 40 | €16,063 | €15,797 | -€266 | -1.7% |
| Other amounts receivable | 41 | €233 | €3,445 | +€3,213 | +1,380% |
| Cash at bank and in hand | 54/58 | €8,956 | €15,008 | +€6,052 | +67.6% |
| Deferred charges and accrued income | 490/1 | €5,205 | €484 | -€4,721 | -90.7% |
| Total equity and liabilities | 10/49 | €76,643 | €74,632 | -€2,011 | -2.6% |
| Equity | 10/15 | -€77,647 | -€70,438 | +€7,209 | +9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155,385 | €155,385 | = | 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% |
| Tax-exempt reserves | 132 | €153,525 | €153,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€251,632 | -€244,423 | +€7,209 | +2.9% |
| Amounts payable | 17/49 | €154,290 | €145,070 | -€9,220 | -6.0% |
| Amounts payable after more than one year | 17 | €5,529 | - | -€5,529 | |
| Financial debts | 170/4 | €5,529 | - | -€5,529 | |
| Amounts payable within one year | 42/48 | €148,571 | €145,070 | -€3,501 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €9,455 | €5,529 | -€3,926 | -41.5% |
| Financial debts | 43 | €0 | €5,656 | +€5,656 | |
| Credit institutions | 430/8 | €0 | €5,656 | +€5,656 | |
| Trade debts | 44 | €60,986 | €59,219 | -€1,767 | -2.9% |
| Suppliers | 440/4 | €60,986 | €59,219 | -€1,767 | -2.9% |
| Taxes, remuneration and social security | 45 | €57,438 | €64,491 | +€7,054 | +12.3% |
| Taxes | 450/3 | €16,383 | €14,603 | -€1,780 | -10.9% |
| Remuneration and social security | 454/9 | €41,055 | €49,888 | +€8,833 | +21.5% |
| Other amounts payable | 47/48 | €20,692 | €10,174 | -€10,519 | -50.8% |
| Accrued charges and deferred income | 492/3 | €189 | - | -€189 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €308,549 | €288,613 | -€19,937 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,214 | €12,511 | -€1,703 | -12.0% |
| Other operating charges | 640/8 | €3,470 | €5,278 | +€1,808 | +52.1% |
| Gross operating margin | 9900 | €316,571 | €323,304 | +€6,734 | +2.1% |
| Operating profit (loss) | 9901 | -€9,662 | €16,903 | +€26,565 | |
| Financial income | 75/76B | €460 | €120 | -€341 | -74.0% |
| Recurring financial income | 75 | €460 | €120 | -€341 | -74.0% |
| Financial charges | 65/66B | €7,719 | €9,321 | +€1,603 | +20.8% |
| Recurring financial charges | 65 | €7,627 | €9,321 | +€1,694 | +22.2% |
| Non-recurring financial charges | 66B | €91 | - | -€91 | |
| Profit (loss) for the period before taxes | 9903 | -€16,921 | €7,701 | +€24,622 | |
| Income taxes | 67/77 | €22 | €492 | +€470 | +2,138% |
| Profit (loss) for the period | 9904 | -€16,943 | €7,209 | +€24,152 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,943 | €7,209 | +€24,152 |
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 17 October 2026 via checked.be.