BEL-IDE Holding: 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-IDE Holding
Largest movements
- Cash +€7,029
up €7,029 (+162%), from €4,352 to €11,381
mainly Net result for the year (+€5,309) and Depreciation (+€2,844)
- Intangible fixed assets -€2,708
down €2,708 (-14.0%), from €19,279 to €16,572
- Receivables within one year -€666
down €666 (-16.9%), from €3,949 to €3,283
of which Trade receivables: -€666
- Profit (loss) carried forward +€5,309
up €5,309 (+21.9%), from -€24,234 to -€18,925
- Tax, wage and social debts -€2,535
down €2,535 (-43.2%), from €5,871 to €3,336
- Trade debts +€1,488
up €1,488 (+34.1%), from €4,358 to €5,845
- Accrued charges and deferred income -€723
down €723 (-78.6%), from €919 to €197
- Gross operating margin +€12,589
up €12,589, from -€3,432 to €9,157
- Other operating charges -€2,211
down €2,211 (-77.9%), from €2,836 to €625
- Financial charges +€146
up €146 (+63.0%), from €233 to €379
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 | €28,002 | €31,477 | +€3,476 | +12.4% |
| Fixed assets | 21/28 | €19,540 | €16,696 | -€2,844 | -14.6% |
| Intangible fixed assets | 21 | €19,279 | €16,572 | -€2,708 | -14.0% |
| Tangible fixed assets | 22/27 | €260 | €124 | -€136 | -52.4% |
| Furniture and vehicles | 24 | €260 | €124 | -€136 | -52.4% |
| Current assets | 29/58 | €8,462 | €14,782 | +€6,320 | +74.7% |
| Amounts receivable within one year | 40/41 | €3,949 | €3,283 | -€666 | -16.9% |
| Trade receivables | 40 | €3,949 | €3,283 | -€666 | -16.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,352 | €11,381 | +€7,029 | +162% |
| Deferred charges and accrued income | 490/1 | €161 | €117 | -€44 | -27.3% |
| Total equity and liabilities | 10/49 | €28,002 | €31,477 | +€3,476 | +12.4% |
| Equity | 10/15 | -€14,234 | -€8,925 | +€5,309 | +37.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,234 | -€18,925 | +€5,309 | +21.9% |
| Amounts payable | 17/49 | €42,236 | €40,402 | -€1,833 | -4.3% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,316 | €10,205 | -€1,111 | -9.8% |
| Trade debts | 44 | €4,358 | €5,845 | +€1,488 | +34.1% |
| Suppliers | 440/4 | €4,358 | €5,845 | +€1,488 | +34.1% |
| Taxes, remuneration and social security | 45 | €5,871 | €3,336 | -€2,535 | -43.2% |
| Taxes | 450/3 | €5,871 | €3,336 | -€2,535 | -43.2% |
| Other amounts payable | 47/48 | €1,088 | €1,024 | -€63 | -5.8% |
| Accrued charges and deferred income | 492/3 | €919 | €197 | -€723 | -78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,844 | €2,844 | = | 0.0% |
| Other operating charges | 640/8 | €2,836 | €625 | -€2,211 | -77.9% |
| Gross operating margin | 9900 | -€3,432 | €9,157 | +€12,589 | |
| Operating profit (loss) | 9901 | -€9,112 | €5,688 | +€14,800 | |
| Financial income | 75/76B | €11 | €0 | -€11 | -99.6% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -99.6% |
| Financial charges | 65/66B | €233 | €379 | +€146 | +63.0% |
| Recurring financial charges | 65 | €233 | €379 | +€146 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,334 | €5,309 | +€14,643 | |
| Profit (loss) for the period | 9904 | -€9,334 | €5,309 | +€14,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,334 | €5,309 | +€14,643 |
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 27 October 2026 via checked.be.