Bel-Four Storage: 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-Four Storage
Largest movements
- Tangible fixed assets -€121,940
down €121,940 (-6.9%), from €1.8m to €1.6m
of which Land and buildings: -€118,706
- Receivables within one year -€118,342
down €118,342 (-87.9%), from €134,681 to €16,339
of which Trade receivables: -€121,591
- Profit (loss) carried forward -€222,862
down €222,862 (-9,090%), from -€2,452 to -€225,314
- Accrued charges and deferred income +€21,731
up €21,731 (+37.9%), from €57,321 to €79,052
- Gross operating margin -€222,839
down €222,839 (-87.3%), from €255,278 to €32,439
- Other operating charges +€14,618
up €14,618 (+56.0%), from €26,124 to €40,742
- Staff costs +€6,914
up €6,914 (+8.4%), from €81,935 to €88,849
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 | €1,972,653 | €1,750,379 | -€222,274 | -11.3% |
| Fixed assets | 21/28 | €1,768,295 | €1,646,356 | -€121,940 | -6.9% |
| Tangible fixed assets | 22/27 | €1,768,295 | €1,646,356 | -€121,940 | -6.9% |
| Land and buildings | 22 | €1,750,447 | €1,631,742 | -€118,706 | -6.8% |
| Plant, machinery and equipment | 23 | €6,598 | €7,114 | +€516 | +7.8% |
| Furniture and vehicles | 24 | €11,250 | €7,500 | -€3,750 | -33.3% |
| Current assets | 29/58 | €204,358 | €104,023 | -€100,335 | -49.1% |
| Amounts receivable within one year | 40/41 | €134,681 | €16,339 | -€118,342 | -87.9% |
| Trade receivables | 40 | €133,502 | €11,911 | -€121,591 | -91.1% |
| Other amounts receivable | 41 | €1,179 | €4,428 | +€3,249 | +276% |
| Cash at bank and in hand | 54/58 | €66,955 | €86,524 | +€19,568 | +29.2% |
| Deferred charges and accrued income | 490/1 | €2,722 | €1,161 | -€1,561 | -57.4% |
| Total equity and liabilities | 10/49 | €1,972,653 | €1,750,379 | -€222,274 | -11.3% |
| Equity | 10/15 | €397,895 | €175,033 | -€222,862 | -56.0% |
| Contributions | 10/11 | €273,043 | €273,043 | = | 0.0% |
| Capital | 10 | €273,043 | €273,043 | = | 0.0% |
| Issued capital | 100 | €273,043 | €273,043 | = | 0.0% |
| Reserves | 13 | €127,304 | €127,304 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,304 | €27,304 | = | 0.0% |
| Legal reserve | 130 | €27,304 | €27,304 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,452 | -€225,314 | -€222,862 | -9,090% |
| Amounts payable | 17/49 | €1,574,758 | €1,575,346 | +€588 | 0.0% |
| Amounts payable after more than one year | 17 | €1,455,026 | €1,455,026 | = | 0.0% |
| Financial debts | 170/4 | €1,455,026 | €1,455,026 | = | 0.0% |
| Amounts payable within one year | 42/48 | €62,411 | €41,268 | -€21,143 | -33.9% |
| Trade debts | 44 | €47,795 | €33,934 | -€13,861 | -29.0% |
| Suppliers | 440/4 | €47,795 | €33,934 | -€13,861 | -29.0% |
| Taxes, remuneration and social security | 45 | €13,496 | €6,213 | -€7,282 | -54.0% |
| Taxes | 450/3 | €7,553 | €11 | -€7,542 | -99.9% |
| Remuneration and social security | 454/9 | €5,943 | €6,203 | +€260 | +4.4% |
| Other amounts payable | 47/48 | €1,120 | €1,120 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €57,321 | €79,052 | +€21,731 | +37.9% |
| Remuneration, social security and pensions | 62 | €81,935 | €88,849 | +€6,914 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,681 | €103,476 | -€1,205 | -1.2% |
| Other operating charges | 640/8 | €26,124 | €40,742 | +€14,618 | +56.0% |
| Gross operating margin | 9900 | €255,278 | €32,439 | -€222,839 | -87.3% |
| Operating profit (loss) | 9901 | €42,539 | -€200,627 | -€243,166 | |
| Financial income | 75/76B | €46 | €12 | -€34 | -73.7% |
| Recurring financial income | 75 | €46 | €12 | -€34 | -73.7% |
| Financial charges | 65/66B | €22,059 | €22,247 | +€188 | +0.9% |
| Recurring financial charges | 65 | €22,059 | €22,247 | +€188 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €20,527 | -€222,862 | -€243,389 | |
| Profit (loss) for the period | 9904 | €20,527 | -€222,862 | -€243,389 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,527 | -€222,862 | -€243,389 |
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 22 October 2026 via checked.be.