BELAM Expertise: what changed
BELAM Expertise
Largest movements
- Cash -€29,335
down €29,335 (-17.7%), from €166,097 to €136,762
mainly Contributions, distributions and other (-€135,000) and Deferred charges and accrued income (-€546)
- Reserves -€93,000
down €93,000 (-98.0%), from €94,860 to €1,860
- Other debts +€59,577
up €59,577 (+122%), from €48,945 to €108,522
- Profit (loss) carried forward +€3,161
up €3,161 (+237%), from €1,333 to €4,494
- Trade debts +€1,834
up €1,834 (+1,043%), from €176 to €2,010
No income-statement line moved by more than 1% of the activity.
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,196 | €148,721 | -€28,475 | -16.1% |
| Current assets | 29/58 | €177,196 | €148,721 | -€28,475 | -16.1% |
| Amounts receivable within one year | 40/41 | €10,818 | €11,132 | +€315 | +2.9% |
| Trade receivables | 40 | €10,818 | €11,132 | +€315 | +2.9% |
| Cash at bank and in hand | 54/58 | €166,097 | €136,762 | -€29,335 | -17.7% |
| Deferred charges and accrued income | 490/1 | €282 | €827 | +€546 | +194% |
| Total equity and liabilities | 10/49 | €177,196 | €148,721 | -€28,475 | -16.1% |
| Equity | 10/15 | €114,793 | €24,954 | -€89,839 | -78.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,860 | €1,860 | -€93,000 | -98.0% |
| Distributable reserves | 133 | €94,860 | €1,860 | -€93,000 | -98.0% |
| Profit (loss) carried forward | 14 | €1,333 | €4,494 | +€3,161 | +237% |
| Amounts payable | 17/49 | €62,403 | €123,767 | +€61,364 | +98.3% |
| Amounts payable within one year | 42/48 | €62,403 | €123,767 | +€61,364 | +98.3% |
| Trade debts | 44 | €176 | €2,010 | +€1,834 | +1,043% |
| Suppliers | 440/4 | €176 | €2,010 | +€1,834 | +1,043% |
| Taxes, remuneration and social security | 45 | €13,282 | €13,235 | -€47 | -0.4% |
| Taxes | 450/3 | €13,282 | €13,235 | -€47 | -0.4% |
| Other amounts payable | 47/48 | €48,945 | €108,522 | +€59,577 | +122% |
| Other operating charges | 640/8 | €853 | €878 | +€25 | +2.9% |
| Gross operating margin | 9900 | €56,976 | €57,162 | +€185 | +0.3% |
| Operating profit (loss) | 9901 | €56,123 | €56,284 | +€161 | +0.3% |
| Financial income | 75/76B | €1,327 | €1,005 | -€322 | -24.2% |
| Recurring financial income | 75 | €1,327 | €1,005 | -€322 | -24.2% |
| Financial charges | 65/66B | €48 | €48 | = | 0.0% |
| Recurring financial charges | 65 | €48 | €48 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €57,402 | €57,241 | -€161 | -0.3% |
| Income taxes | 67/77 | €11,904 | €12,080 | +€175 | +1.5% |
| Profit (loss) for the period | 9904 | €45,497 | €45,161 | -€336 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,497 | €45,161 | -€336 | -0.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.