BEL BOT: 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.
BEL BOT
Largest movements
- Stocks and contracts -€47,052
down €47,052 (-53.4%), from €88,136 to €41,084
- Cash -€13,308
down €13,308 (-18.8%), from €70,623 to €57,316
mainly Tax, wage and social debts (-€113,094) and Trade debts (-€16,189)
- Deferred charges and accrued income -€9,024
down €9,024 (-86.3%), from €10,462 to €1,438
- Tax, wage and social debts -€113,094
down €113,094 (-59.5%), from €190,065 to €76,971
of which Taxes: -€117,778
- Profit (loss) carried forward +€34,521
up €34,521 (+79.5%), from -€43,405 to -€8,884
- Other debts +€25,000
up €25,000 (+947%), from €2,641 to €27,641
- Trade debts -€16,189
down €16,189 (-30.7%), from €52,767 to €36,578
- Gross operating margin +€81,019
up €81,019, from -€2,965 to €78,054
- Taxes -€64,608
down €64,608 (-77.5%), from €83,313 to €18,705
- Purchases and services -€53,243
down €53,243 (-7.7%), from €695,043 to €641,801
- Other operating charges -€47,400
down €47,400 (-96.9%), from €48,913 to €1,513
- Staff costs +€19,556
up €19,556 (+816%), from €2,396 to €21,952
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 | €222,583 | €152,822 | -€69,761 | -31.3% |
| Fixed assets | 21/28 | €42,557 | €42,869 | +€311 | +0.7% |
| Tangible fixed assets | 22/27 | €2,816 | €1,507 | -€1,309 | -46.5% |
| Furniture and vehicles | 24 | €766 | €366 | -€400 | -52.2% |
| Other tangible fixed assets | 26 | €2,050 | €1,141 | -€909 | -44.4% |
| Financial fixed assets | 28 | €39,742 | €41,362 | +€1,620 | +4.1% |
| Current assets | 29/58 | €180,026 | €109,953 | -€70,073 | -38.9% |
| Stocks and contracts in progress | 3 | €88,136 | €41,084 | -€47,052 | -53.4% |
| Stocks | 30/36 | €88,136 | €41,084 | -€47,052 | -53.4% |
| Amounts receivable within one year | 40/41 | €10,804 | €10,115 | -€689 | -6.4% |
| Other amounts receivable | 41 | €10,804 | €10,115 | -€689 | -6.4% |
| Cash at bank and in hand | 54/58 | €70,623 | €57,316 | -€13,308 | -18.8% |
| Deferred charges and accrued income | 490/1 | €10,462 | €1,438 | -€9,024 | -86.3% |
| Total equity and liabilities | 10/49 | €222,583 | €152,822 | -€69,761 | -31.3% |
| Equity | 10/15 | -€22,890 | €11,631 | +€34,521 | |
| Contributions | 10/11 | €18,650 | €18,650 | = | 0.0% |
| Reserves | 13 | €1,865 | €1,865 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,865 | €1,865 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,865 | €1,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,405 | -€8,884 | +€34,521 | +79.5% |
| Amounts payable | 17/49 | €245,473 | €141,190 | -€104,283 | -42.5% |
| Amounts payable within one year | 42/48 | €245,473 | €141,190 | -€104,283 | -42.5% |
| Trade debts | 44 | €52,767 | €36,578 | -€16,189 | -30.7% |
| Suppliers | 440/4 | €52,767 | €36,578 | -€16,189 | -30.7% |
| Taxes, remuneration and social security | 45 | €190,065 | €76,971 | -€113,094 | -59.5% |
| Taxes | 450/3 | €171,122 | €53,344 | -€117,778 | -68.8% |
| Remuneration and social security | 454/9 | €18,943 | €23,627 | +€4,684 | +24.7% |
| Other amounts payable | 47/48 | €2,641 | €27,641 | +€25,000 | +947% |
| Goods, raw materials, services and sundry goods | 60/61 | €695,043 | €641,801 | -€53,243 | -7.7% |
| Remuneration, social security and pensions | 62 | €2,396 | €21,952 | +€19,556 | +816% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,309 | €1,309 | = | 0.0% |
| Other operating charges | 640/8 | €48,913 | €1,513 | -€47,400 | -96.9% |
| Gross operating margin | 9900 | -€2,965 | €78,054 | +€81,019 | |
| Operating profit (loss) | 9901 | -€55,582 | €53,281 | +€108,863 | |
| Financial income | 75/76B | €237 | €0 | -€237 | -100.0% |
| Recurring financial income | 75 | €237 | €0 | -€237 | -100.0% |
| Financial charges | 65/66B | €4,319 | €54 | -€4,265 | -98.7% |
| Recurring financial charges | 65 | €81 | €54 | -€27 | -33.3% |
| Non-recurring financial charges | 66B | €4,238 | - | -€4,238 | |
| Profit (loss) for the period before taxes | 9903 | -€59,665 | €53,227 | +€112,892 | |
| Income taxes | 67/77 | €83,313 | €18,705 | -€64,608 | -77.5% |
| Profit (loss) for the period | 9904 | -€142,978 | €34,521 | +€177,499 | |
| Profit (loss) for the period to be appropriated | 9905 | -€142,978 | €34,521 | +€177,499 |
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 19 October 2026 via checked.be.