BeLa Group: 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.
BeLa Group
Largest movements
- Stocks and contracts -€4,396
down €4,396 (-13.7%), from €32,088 to €27,692
of which Contracts in progress: -€6,327
- Receivables within one year -€3,158
down €3,158 (-10.0%), from €31,716 to €28,558
of which Trade receivables: -€4,910
- Tangible fixed assets -€2,354
down €2,354 (-27.0%), from €8,730 to €6,376
of which Furniture and vehicles: -€6,193
- Accrued charges and deferred income -€16,450
down €16,450 (-95.6%), from €17,200 to €750
- Trade debts +€3,866
up €3,866 (+65.3%), from €5,918 to €9,783
- Debts after one year +€3,396
up €3,396 (+45.4%), from €7,481 to €10,877
- Tax, wage and social debts -€910
down €910 (-26.2%), from €3,471 to €2,561
of which Remuneration and social security: -€1,860
- Short-term financial debts -€867
down €867 (-14.6%), from €5,934 to €5,067
- Depreciation +€2,691
up €2,691 (+73.5%), from €3,663 to €6,354
- Gross operating margin -€1,186
down €1,186 (-11.6%), from €10,226 to €9,041
- Taxes -€661
down €661 (-41.4%), from €1,597 to €936
- Financial charges -€358
down €358 (-29.0%), from €1,236 to €878
- Financial income +€210
up €210 (+59.3%), from €355 to €565
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 | €73,898 | €63,602 | -€10,296 | -13.9% |
| Fixed assets | 21/28 | €8,730 | €6,376 | -€2,354 | -27.0% |
| Tangible fixed assets | 22/27 | €8,730 | €6,376 | -€2,354 | -27.0% |
| Plant, machinery and equipment | 23 | - | €3,839 | +€3,839 | |
| Furniture and vehicles | 24 | €8,730 | €2,537 | -€6,193 | -70.9% |
| Current assets | 29/58 | €65,168 | €57,226 | -€7,942 | -12.2% |
| Stocks and contracts in progress | 3 | €32,088 | €27,692 | -€4,396 | -13.7% |
| Stocks | 30/36 | €12,195 | €14,125 | +€1,930 | +15.8% |
| Contracts in progress | 37 | €19,893 | €13,567 | -€6,327 | -31.8% |
| Amounts receivable within one year | 40/41 | €31,716 | €28,558 | -€3,158 | -10.0% |
| Trade receivables | 40 | €31,055 | €26,145 | -€4,910 | -15.8% |
| Other amounts receivable | 41 | €661 | €2,412 | +€1,751 | +265% |
| Cash at bank and in hand | 54/58 | - | €20 | +€20 | |
| Deferred charges and accrued income | 490/1 | €1,364 | €957 | -€407 | -29.8% |
| Total equity and liabilities | 10/49 | €73,898 | €63,602 | -€10,296 | -13.9% |
| Equity | 10/15 | €33,893 | €34,563 | +€670 | +2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €21,650 | €22,163 | +€514 | +2.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,790 | €20,303 | +€514 | +2.6% |
| Profit (loss) carried forward | 14 | -€157 | €0 | +€157 | |
| Amounts payable | 17/49 | €40,004 | €29,039 | -€10,966 | -27.4% |
| Amounts payable after more than one year | 17 | €7,481 | €10,877 | +€3,396 | +45.4% |
| Other amounts payable | 178/9 | €7,481 | €10,877 | +€3,396 | +45.4% |
| Amounts payable within one year | 42/48 | €15,323 | €17,412 | +€2,089 | +13.6% |
| Financial debts | 43 | €5,934 | €5,067 | -€867 | -14.6% |
| Credit institutions | 430/8 | €5,934 | €5,067 | -€867 | -14.6% |
| Trade debts | 44 | €5,918 | €9,783 | +€3,866 | +65.3% |
| Suppliers | 440/4 | €5,918 | €9,783 | +€3,866 | +65.3% |
| Taxes, remuneration and social security | 45 | €3,471 | €2,561 | -€910 | -26.2% |
| Taxes | 450/3 | €1,611 | €2,561 | +€950 | +59.0% |
| Remuneration and social security | 454/9 | €1,860 | €0 | -€1,860 | -100% |
| Accrued charges and deferred income | 492/3 | €17,200 | €750 | -€16,450 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,663 | €6,354 | +€2,691 | +73.5% |
| Other operating charges | 640/8 | €955 | €768 | -€187 | -19.6% |
| Gross operating margin | 9900 | €10,226 | €9,041 | -€1,186 | -11.6% |
| Operating profit (loss) | 9901 | €5,609 | €1,919 | -€3,690 | -65.8% |
| Financial income | 75/76B | €355 | €565 | +€210 | +59.3% |
| Recurring financial income | 75 | €355 | €565 | +€210 | +59.3% |
| Financial charges | 65/66B | €1,236 | €878 | -€358 | -29.0% |
| Recurring financial charges | 65 | €1,236 | €878 | -€358 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €4,727 | €1,606 | -€3,122 | -66.0% |
| Income taxes | 67/77 | €1,597 | €936 | -€661 | -41.4% |
| Profit (loss) for the period | 9904 | €3,131 | €670 | -€2,461 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,131 | €670 | -€2,461 | -78.6% |
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 14 October 2026 via checked.be.