BEL Computing: what changed
Two fiscal 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 Computing
Largest movements
- Tangible fixed assets +€14,291
up €14,291 (+323.6%), from €4,417 to €18,707
- Cash +€10,452
up €10,452 (+19.9%), from €52,558 to €63,011
mainly Net result for the year (+€31,451) and Other debts (+€12,782)
- Receivables within one year -€9,313
down €9,313 (-67.1%), from €13,885 to €4,571
of which Trade receivables: -€12,185
- Other debts +€12,782
up €12,782 (+64.9%), from €19,695 to €32,477
- Reserves +€3,720
up €3,720 (+13.4%), from €27,730 to €31,451
- Accrued charges and deferred income -€1,104
no longer reported in 2025 (was €1,104)
- Tax, wage and social debts -€880
down €880 (-14.1%), from €6,238 to €5,358
- Gross operating margin +€7,496
up €7,496 (+18.2%), from €41,216 to €48,712
- Depreciation +€2,722
up €2,722 (+80.8%), from €3,371 to €6,093
- Other operating charges -€1,400
down €1,400 (-85.8%), from €1,632 to €232
- Financial charges +€930
up €930 (+49.5%), from €1,878 to €2,808
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 | €73,368 | €87,964 | +€14,597 | +19.9% |
| Fixed assets | 21/28 | €6,282 | €19,729 | +€13,447 | +214.1% |
| Intangible fixed assets | 21 | €1,865 | €1,021 | -€844 | -45.2% |
| Tangible fixed assets | 22/27 | €4,417 | €18,707 | +€14,291 | +323.6% |
| Plant, machinery and equipment | 23 | €4,417 | €18,707 | +€14,291 | +323.6% |
| Current assets | 29/58 | €67,086 | €68,236 | +€1,150 | +1.7% |
| Amounts receivable within one year | 40/41 | €13,885 | €4,571 | -€9,313 | -67.1% |
| Trade receivables | 40 | €12,185 | - | -€12,185 | |
| Other amounts receivable | 41 | €1,700 | €4,571 | +€2,871 | +168.9% |
| Cash at bank and in hand | 54/58 | €52,558 | €63,011 | +€10,452 | +19.9% |
| Deferred charges and accrued income | 490/1 | €643 | €654 | +€11 | +1.7% |
| Total equity and liabilities | 10/49 | €73,368 | €87,964 | +€14,597 | +19.9% |
| Equity | 10/15 | €46,330 | €50,051 | +€3,720 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,730 | €31,451 | +€3,720 | +13.4% |
| Distributable reserves | 133 | €27,730 | €31,451 | +€3,720 | +13.4% |
| Amounts payable | 17/49 | €27,038 | €37,914 | +€10,876 | +40.2% |
| Amounts payable within one year | 42/48 | €25,933 | €37,914 | +€11,980 | +46.2% |
| Trade debts | 44 | - | €79 | +€79 | |
| Suppliers | 440/4 | - | €79 | +€79 | |
| Taxes, remuneration and social security | 45 | €6,238 | €5,358 | -€880 | -14.1% |
| Taxes | 450/3 | €6,238 | €5,358 | -€880 | -14.1% |
| Other amounts payable | 47/48 | €19,695 | €32,477 | +€12,782 | +64.9% |
| Accrued charges and deferred income | 492/3 | €1,104 | - | -€1,104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,371 | €6,093 | +€2,722 | +80.8% |
| Other operating charges | 640/8 | €1,632 | €232 | -€1,400 | -85.8% |
| Gross operating margin | 9900 | €41,216 | €48,712 | +€7,496 | +18.2% |
| Operating profit (loss) | 9901 | €36,213 | €42,388 | +€6,174 | +17.0% |
| Financial charges | 65/66B | €1,878 | €2,808 | +€930 | +49.5% |
| Recurring financial charges | 65 | €1,878 | €2,808 | +€930 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €34,335 | €39,579 | +€5,244 | +15.3% |
| Income taxes | 67/77 | €8,465 | €8,129 | -€337 | -4.0% |
| Profit (loss) for the period | 9904 | €25,870 | €31,451 | +€5,580 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,870 | €31,451 | +€5,580 | +21.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.