BELAMANDIER: 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.
BELAMANDIER
Largest movements
- Cash +€1,086
up €1,086 (+30.5%), from €3,564 to €4,650
mainly Receivables within one year (+€1,034) and Net result for the year (+€483)
- Receivables within one year -€1,034
down €1,034 (-1.4%), from €76,329 to €75,295
of which Trade receivables: -€829
No liability line moved by more than 1% of the balance sheet total.
- Write-downs -€1,268
no longer reported in 2025 (was €1,268)
- Gross operating margin -€340
down €340 (-26.9%), from €1,265 to €925
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 | €80,043 | €80,095 | +€52 | +0.1% |
| Fixed assets | 21/28 | €150 | €150 | = | 0.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €79,893 | €79,945 | +€52 | +0.1% |
| Amounts receivable within one year | 40/41 | €76,329 | €75,295 | -€1,034 | -1.4% |
| Trade receivables | 40 | €2,724 | €1,895 | -€829 | -30.4% |
| Other amounts receivable | 41 | €73,605 | €73,400 | -€205 | -0.3% |
| Cash at bank and in hand | 54/58 | €3,564 | €4,650 | +€1,086 | +30.5% |
| Total equity and liabilities | 10/49 | €80,043 | €80,095 | +€52 | +0.1% |
| Equity | 10/15 | €79,612 | €80,095 | +€483 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,152 | €59,635 | +€483 | +0.8% |
| Amounts payable | 17/49 | €431 | - | -€431 | |
| Amounts payable within one year | 42/48 | €431 | - | -€431 | |
| Taxes, remuneration and social security | 45 | €431 | - | -€431 | |
| Taxes | 450/3 | €431 | - | -€431 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,268 | - | -€1,268 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,265 | €925 | -€340 | -26.9% |
| Operating profit (loss) | 9901 | -€390 | €526 | +€916 | |
| Financial charges | 65/66B | €40 | €42 | +€2 | +6.1% |
| Recurring financial charges | 65 | €40 | €42 | +€2 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€430 | €483 | +€913 | |
| Profit (loss) for the period | 9904 | -€430 | €483 | +€913 | |
| Profit (loss) for the period to be appropriated | 9905 | -€430 | €483 | +€913 |
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.