Belant-Project: 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.
Belant-Project
Largest movements
- Receivables after one year +€44,111
new in 2025: €44,111
- Receivables within one year -€19,959
down €19,959 (-97.3%), from €20,509 to €550
of which Trade receivables: -€20,000
- Cash -€2,118
down €2,118 (-75.9%), from €2,790 to €671
mainly Receivables after one year (-€44,111) and Debts after one year (-€30,905)
- Profit (loss) carried forward +€53,187
up €53,187 (+11.6%), from -€456,943 to -€403,756
- Debts after one year -€30,905
down €30,905 (-8.9%), from €346,336 to €315,431
No income-statement line moved by more than 1% of the activity.
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 | €23,299 | €45,332 | +€22,033 | +94.6% |
| Current assets | 29/58 | €23,299 | €45,332 | +€22,033 | +94.6% |
| Amounts receivable after more than one year | 29 | - | €44,111 | +€44,111 | |
| Other amounts receivable | 291 | - | €44,111 | +€44,111 | |
| Amounts receivable within one year | 40/41 | €20,509 | €550 | -€19,959 | -97.3% |
| Trade receivables | 40 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts receivable | 41 | €509 | €550 | +€41 | +8.1% |
| Cash at bank and in hand | 54/58 | €2,790 | €671 | -€2,118 | -75.9% |
| Total equity and liabilities | 10/49 | €23,299 | €45,332 | +€22,033 | +94.6% |
| Equity | 10/15 | -€326,572 | -€273,385 | +€53,187 | +16.3% |
| Contributions | 10/11 | €130,200 | €130,200 | = | 0.0% |
| Capital | 10 | €130,200 | €130,200 | = | 0.0% |
| Issued capital | 100 | €130,200 | €130,200 | = | 0.0% |
| Reserves | 13 | €171 | €171 | = | 0.0% |
| Non-distributable reserves | 130/1 | €171 | €171 | = | 0.0% |
| Legal reserve | 130 | €171 | €171 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€456,943 | -€403,756 | +€53,187 | +11.6% |
| Amounts payable | 17/49 | €349,871 | €318,717 | -€31,153 | -8.9% |
| Amounts payable after more than one year | 17 | €346,336 | €315,431 | -€30,905 | -8.9% |
| Other amounts payable | 178/9 | €346,336 | €315,431 | -€30,905 | -8.9% |
| Amounts payable within one year | 42/48 | - | €22 | +€22 | |
| Trade debts | 44 | - | €22 | +€22 | |
| Suppliers | 440/4 | - | €22 | +€22 | |
| Accrued charges and deferred income | 492/3 | €3,534 | €3,265 | -€270 | -7.6% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €57,563 | €57,187 | -€376 | -0.7% |
| Operating profit (loss) | 9901 | €57,058 | €56,667 | -€391 | -0.7% |
| Financial charges | 65/66B | €3,718 | €3,481 | -€237 | -6.4% |
| Recurring financial charges | 65 | €3,718 | €3,481 | -€237 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €53,340 | €53,187 | -€154 | -0.3% |
| Profit (loss) for the period | 9904 | €53,340 | €53,187 | -€154 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,340 | €53,187 | -€154 | -0.3% |
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 18 October 2026 via checked.be.