BEL.COME: 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.COME
Largest movements
- Receivables within one year -€16,118
down €16,118 (-61.5%), from €26,202 to €10,084
of which Trade receivables: -€16,524
- Cash +€3,307
up €3,307 (+482%), from €686 to €3,994
mainly Receivables within one year (+€16,118) and Net result for the year (+€879)
- Stocks and contracts +€2,857
up €2,857 (+39.9%), from €7,159 to €10,017
- Trade debts -€12,083
down €12,083 (-43.3%), from €27,886 to €15,803
- Profit (loss) carried forward +€879
up €879 (+10.5%), from -€8,347 to -€7,468
- Other debts +€846
new in 2025: €846
- Accrued charges and deferred income +€405
up €405 (+163%), from €249 to €654
- Gross operating margin +€12,619
up €12,619, from -€9,286 to €3,333
- Other operating charges +€1,668
up €1,668 (+434%), from €384 to €2,053
- Financial charges -€108
down €108 (-21.1%), from €509 to €402
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 | €34,048 | €24,094 | -€9,953 | -29.2% |
| Current assets | 29/58 | €34,048 | €24,094 | -€9,953 | -29.2% |
| Stocks and contracts in progress | 3 | €7,159 | €10,017 | +€2,857 | +39.9% |
| Stocks | 30/36 | €7,159 | €10,017 | +€2,857 | +39.9% |
| Amounts receivable within one year | 40/41 | €26,202 | €10,084 | -€16,118 | -61.5% |
| Trade receivables | 40 | €25,655 | €9,131 | -€16,524 | -64.4% |
| Other amounts receivable | 41 | €547 | €953 | +€406 | +74.2% |
| Cash at bank and in hand | 54/58 | €686 | €3,994 | +€3,307 | +482% |
| Total equity and liabilities | 10/49 | €34,048 | €24,094 | -€9,953 | -29.2% |
| Equity | 10/15 | €5,913 | €6,792 | +€879 | +14.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,347 | -€7,468 | +€879 | +10.5% |
| Amounts payable | 17/49 | €28,135 | €17,302 | -€10,832 | -38.5% |
| Amounts payable within one year | 42/48 | €27,886 | €16,649 | -€11,237 | -40.3% |
| Trade debts | 44 | €27,886 | €15,803 | -€12,083 | -43.3% |
| Suppliers | 440/4 | €27,886 | €15,803 | -€12,083 | -43.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €846 | +€846 | |
| Accrued charges and deferred income | 492/3 | €249 | €654 | +€405 | +163% |
| Other operating charges | 640/8 | €384 | €2,053 | +€1,668 | +434% |
| Gross operating margin | 9900 | -€9,286 | €3,333 | +€12,619 | |
| Operating profit (loss) | 9901 | -€9,670 | €1,280 | +€10,950 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +367% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +367% |
| Financial charges | 65/66B | €509 | €402 | -€108 | -21.1% |
| Recurring financial charges | 65 | €509 | €402 | -€108 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,180 | €879 | +€11,058 | |
| Profit (loss) for the period | 9904 | -€10,180 | €879 | +€11,058 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,180 | €879 | +€11,058 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.