BEL RENOVATIONS: 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 RENOVATIONS
Largest movements
- Cash +€15,343
up €15,343 (+81.3%), from €18,877 to €34,220
mainly Net result for the year (+€8,153) and Receivables within one year (+€3,942)
- Receivables within one year -€3,942
down €3,942 (-23.1%), from €17,036 to €13,094
of which Other amounts receivable: -€2,698
- Profit (loss) carried forward +€8,153
up €8,153 (+51.4%), from €15,856 to €24,009
- Tax, wage and social debts +€2,872
up €2,872 (+53.6%), from €5,359 to €8,231
- Other debts +€2,127
up €2,127 (+50.1%), from €4,247 to €6,374
- Trade debts -€1,751
down €1,751 (-32.1%), from €5,451 to €3,700
- Gross operating margin -€10,449
down €10,449 (-48.4%), from €21,570 to €11,121
- Taxes -€2,496
down €2,496 (-46.6%), from €5,359 to €2,862
- Other operating charges -€265
down €265 (-80.1%), from €330 to €66
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 | €35,913 | €47,314 | +€11,401 | +31.7% |
| Current assets | 29/58 | €35,913 | €47,314 | +€11,401 | +31.7% |
| Amounts receivable within one year | 40/41 | €17,036 | €13,094 | -€3,942 | -23.1% |
| Trade receivables | 40 | €13,968 | €12,725 | -€1,244 | -8.9% |
| Other amounts receivable | 41 | €3,068 | €369 | -€2,698 | -88.0% |
| Cash at bank and in hand | 54/58 | €18,877 | €34,220 | +€15,343 | +81.3% |
| Total equity and liabilities | 10/49 | €35,913 | €47,314 | +€11,401 | +31.7% |
| Equity | 10/15 | €20,856 | €29,009 | +€8,153 | +39.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,856 | €24,009 | +€8,153 | +51.4% |
| Amounts payable | 17/49 | €15,057 | €18,305 | +€3,248 | +21.6% |
| Amounts payable within one year | 42/48 | €15,057 | €18,305 | +€3,248 | +21.6% |
| Trade debts | 44 | €5,451 | €3,700 | -€1,751 | -32.1% |
| Suppliers | 440/4 | €5,451 | €3,700 | -€1,751 | -32.1% |
| Taxes, remuneration and social security | 45 | €5,359 | €8,231 | +€2,872 | +53.6% |
| Taxes | 450/3 | €5,359 | €8,231 | +€2,872 | +53.6% |
| Other amounts payable | 47/48 | €4,247 | €6,374 | +€2,127 | +50.1% |
| Other operating charges | 640/8 | €330 | €66 | -€265 | -80.1% |
| Gross operating margin | 9900 | €21,570 | €11,121 | -€10,449 | -48.4% |
| Operating profit (loss) | 9901 | €21,240 | €11,056 | -€10,184 | -47.9% |
| Financial charges | 65/66B | €25 | €41 | +€16 | +63.9% |
| Recurring financial charges | 65 | €25 | €41 | +€16 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | €21,215 | €11,015 | -€10,200 | -48.1% |
| Income taxes | 67/77 | €5,359 | €2,862 | -€2,496 | -46.6% |
| Profit (loss) for the period | 9904 | €15,856 | €8,153 | -€7,704 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,856 | €8,153 | -€7,704 | -48.6% |
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 31 October 2026 via checked.be.