ALL BEL CONSTRUCT: 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.
ALL BEL CONSTRUCT
Largest movements
- Cash +€5,587
up €5,587 (+1321.6%), from €423 to €6,010
mainly Receivables within one year (+€4,008) and Stocks and contracts (+€2,505)
- Receivables within one year -€4,008
down €4,008 (-41.9%), from €9,565 to €5,556
of which Other amounts receivable: -€3,584
- Stocks and contracts -€2,505
down €2,505 (-49.7%), from €5,042 to €2,536
- Trade debts -€2,403
down €2,403 (-84.3%), from €2,852 to €449
- Profit (loss) carried forward +€1,476
up €1,476 (+10.8%), from €13,678 to €15,153
- Other operating charges -€703
down €703 (-68.9%), from €1,020 to €318
- Gross operating margin +€200
up €200 (+9.9%), from €2,020 to €2,220
- Depreciation -€179
down €179 (-44.6%), from €400 to €221
- Financial charges +€117
up €117 (+133.9%), from €88 to €205
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 | €16,629 | €15,702 | -€927 | -5.6% |
| Fixed assets | 21/28 | €1,600 | €1,600 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,600 | €1,600 | = | 0.0% |
| Furniture and vehicles | 24 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €15,029 | €14,102 | -€927 | -6.2% |
| Stocks and contracts in progress | 3 | €5,042 | €2,536 | -€2,505 | -49.7% |
| Stocks | 30/36 | €5,042 | €2,536 | -€2,505 | -49.7% |
| Amounts receivable within one year | 40/41 | €9,565 | €5,556 | -€4,008 | -41.9% |
| Trade receivables | 40 | €822 | €398 | -€424 | -51.6% |
| Other amounts receivable | 41 | €8,743 | €5,158 | -€3,584 | -41.0% |
| Cash at bank and in hand | 54/58 | €423 | €6,010 | +€5,587 | +1321.6% |
| Total equity and liabilities | 10/49 | €16,629 | €15,702 | -€927 | -5.6% |
| Equity | 10/15 | €13,778 | €15,253 | +€1,476 | +10.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | €100 | = | 0.0% |
| Issued capital | 100 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,678 | €15,153 | +€1,476 | +10.8% |
| Amounts payable | 17/49 | €2,852 | €449 | -€2,403 | -84.3% |
| Amounts payable within one year | 42/48 | €2,852 | €449 | -€2,403 | -84.3% |
| Trade debts | 44 | €2,852 | €449 | -€2,403 | -84.3% |
| Suppliers | 440/4 | €2,852 | €449 | -€2,403 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €221 | -€179 | -44.6% |
| Other operating charges | 640/8 | €1,020 | €318 | -€703 | -68.9% |
| Gross operating margin | 9900 | €2,020 | €2,220 | +€200 | +9.9% |
| Operating profit (loss) | 9901 | €599 | €1,681 | +€1,081 | +180.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €88 | €205 | +€117 | +133.9% |
| Recurring financial charges | 65 | €88 | €205 | +€117 | +133.9% |
| Profit (loss) for the period before taxes | 9903 | €512 | €1,476 | +€964 | +188.3% |
| Profit (loss) for the period | 9904 | €512 | €1,476 | +€964 | +188.3% |
| Profit (loss) for the period to be appropriated | 9905 | €512 | €1,476 | +€964 | +188.3% |
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 10 October 2026 via checked.be.