BEL CONSULT: 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 CONSULT
Largest movements
- Cash +€8,835
up €8,835 (+30.2%), from €29,216 to €38,050
mainly Net result for the year (+€18,462) and Tax, wage and social debts (+€193)
- Receivables within one year +€8,821
up €8,821 (+15819.1%), from €56 to €8,877
of which Trade receivables: +€7,204
- Profit (loss) carried forward +€17,129
up €17,129 (+89.5%), from €19,143 to €36,272
- Gross operating margin +€4,685
up €4,685 (+21.9%), from €21,372 to €26,056
- Other operating charges -€2,229
down €2,229 (-57.9%), from €3,851 to €1,622
- Taxes +€1,046
up €1,046 (+24.9%), from €4,198 to €5,244
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 | €29,937 | €47,454 | +€17,517 | +58.5% |
| Current assets | 29/58 | €29,937 | €47,454 | +€17,517 | +58.5% |
| Amounts receivable within one year | 40/41 | €56 | €8,877 | +€8,821 | +15819.1% |
| Trade receivables | 40 | €56 | €7,260 | +€7,204 | +12920.1% |
| Other amounts receivable | 41 | - | €1,617 | +€1,617 | |
| Cash at bank and in hand | 54/58 | €29,216 | €38,050 | +€8,835 | +30.2% |
| Deferred charges and accrued income | 490/1 | €666 | €527 | -€139 | -20.9% |
| Total equity and liabilities | 10/49 | €29,937 | €47,454 | +€17,517 | +58.5% |
| Equity | 10/15 | €21,143 | €38,272 | +€17,129 | +81.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,143 | €36,272 | +€17,129 | +89.5% |
| Amounts payable | 17/49 | €8,794 | €9,182 | +€388 | +4.4% |
| Amounts payable within one year | 42/48 | €8,794 | €9,182 | +€388 | +4.4% |
| Trade debts | 44 | - | €57 | +€57 | |
| Suppliers | 440/4 | - | €57 | +€57 | |
| Taxes, remuneration and social security | 45 | €7,600 | €7,792 | +€193 | +2.5% |
| Taxes | 450/3 | €6,000 | €6,192 | +€193 | +3.2% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 47/48 | €1,194 | €1,333 | +€139 | +11.6% |
| Other operating charges | 640/8 | €3,851 | €1,622 | -€2,229 | -57.9% |
| Gross operating margin | 9900 | €21,372 | €26,056 | +€4,685 | +21.9% |
| Operating profit (loss) | 9901 | €17,521 | €24,435 | +€6,913 | +39.5% |
| Financial income | 75/76B | €0 | €44 | +€44 | +21780.0% |
| Recurring financial income | 75 | €0 | €44 | +€44 | +21780.0% |
| Financial charges | 65/66B | €568 | €773 | +€205 | +36.1% |
| Recurring financial charges | 65 | €568 | €773 | +€205 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €16,954 | €23,706 | +€6,752 | +39.8% |
| Income taxes | 67/77 | €4,198 | €5,244 | +€1,046 | +24.9% |
| Profit (loss) for the period | 9904 | €12,755 | €18,462 | +€5,706 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,755 | €18,462 | +€5,706 | +44.7% |
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 4 October 2026 via checked.be.