BELACOUSTICS: 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.
BELACOUSTICS
Largest movements
- Receivables within one year +€96,487
up €96,487 (+252%), from €38,223 to €134,710
of which Other amounts receivable: +€84,444
- Tangible fixed assets +€49,324
up €49,324 (+711%), from €6,942 to €56,266
of which Leasing and similar rights: +€47,969
- Deferred charges and accrued income +€3,172
new in 2025: €3,172
- Profit (loss) carried forward +€80,321
up €80,321 (+17.1%), from -€470,410 to -€390,088
- Debts after one year +€39,070
new in 2025: €39,070
- Short-term financial debts +€30,000
new in 2025: €30,000
- Current portion of long-term debt +€9,142
new in 2025: €9,142
- Trade debts -€6,645
down €6,645 (-6.6%), from €101,385 to €94,740
- Gross operating margin +€98,718
up €98,718, from -€89,975 to €8,743
- Financial income +€85,254
up €85,254 (+262,321%), from €33 to €85,287
of which Non-recurring financial income: +€83,566
- Depreciation +€2,393
up €2,393 (+188%), from €1,271 to €3,663
- Other operating charges +€1,764
up €1,764 (+353%), from €499 to €2,264
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,289 | €200,662 | +€149,372 | +291% |
| Fixed assets | 21/28 | €6,942 | €56,266 | +€49,324 | +711% |
| Tangible fixed assets | 22/27 | €6,942 | €56,266 | +€49,324 | +711% |
| Plant, machinery and equipment | 23 | €4,542 | €5,211 | +€669 | +14.7% |
| Furniture and vehicles | 24 | €2,400 | €3,085 | +€685 | +28.5% |
| Leasing and similar rights | 25 | - | €47,969 | +€47,969 | |
| Current assets | 29/58 | €44,347 | €144,396 | +€100,049 | +226% |
| Amounts receivable within one year | 40/41 | €38,223 | €134,710 | +€96,487 | +252% |
| Trade receivables | 40 | €17,642 | €29,685 | +€12,043 | +68.3% |
| Other amounts receivable | 41 | €20,581 | €105,025 | +€84,444 | +410% |
| Cash at bank and in hand | 54/58 | €6,124 | €6,514 | +€390 | +6.4% |
| Deferred charges and accrued income | 490/1 | - | €3,172 | +€3,172 | |
| Total equity and liabilities | 10/49 | €51,289 | €200,662 | +€149,372 | +291% |
| Equity | 10/15 | -€53,734 | €26,587 | +€80,321 | |
| Contributions | 10/11 | €415,402 | €415,402 | = | 0.0% |
| Reserves | 13 | €1,273 | €1,273 | = | 0.0% |
| Distributable reserves | 133 | €1,273 | €1,273 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€470,410 | -€390,088 | +€80,321 | +17.1% |
| Amounts payable | 17/49 | €105,023 | €174,074 | +€69,051 | +65.7% |
| Amounts payable after more than one year | 17 | - | €39,070 | +€39,070 | |
| Financial debts | 170/4 | - | €39,070 | +€39,070 | |
| Amounts payable within one year | 42/48 | €105,023 | €134,974 | +€29,951 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,142 | +€9,142 | |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €101,385 | €94,740 | -€6,645 | -6.6% |
| Suppliers | 440/4 | €101,385 | €94,740 | -€6,645 | -6.6% |
| Advances received on contracts in progress | 46 | - | €908 | +€908 | |
| Taxes, remuneration and social security | 45 | €138 | €0 | -€138 | -100% |
| Taxes | 450/3 | €138 | €0 | -€138 | -100% |
| Other amounts payable | 47/48 | €3,500 | €184 | -€3,316 | -94.7% |
| Accrued charges and deferred income | 492/3 | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,271 | €3,663 | +€2,393 | +188% |
| Other operating charges | 640/8 | €499 | €2,264 | +€1,764 | +353% |
| Non-recurring operating charges | 66A | - | €2,400 | +€2,400 | |
| Gross operating margin | 9900 | -€89,975 | €8,743 | +€98,718 | |
| Operating profit (loss) | 9901 | -€91,745 | €416 | +€92,161 | |
| Financial income | 75/76B | €33 | €85,287 | +€85,254 | +262,321% |
| Recurring financial income | 75 | €33 | €1,721 | +€1,688 | +5,195% |
| Non-recurring financial income | 76B | - | €83,566 | +€83,566 | |
| Financial charges | 65/66B | €6,195 | €5,382 | -€813 | -13.1% |
| Recurring financial charges | 65 | €6,195 | €5,382 | -€813 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€97,907 | €80,321 | +€178,229 | |
| Profit (loss) for the period | 9904 | -€97,907 | €80,321 | +€178,229 | |
| Profit (loss) for the period to be appropriated | 9905 | -€97,907 | €80,321 | +€178,229 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.