BELASIMMO: what changed
Two fiscal 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.
BELASIMMO
Largest movements
- Receivables within one year +€3.4m
up €3.4m (+1785.2%), from €189,796 to €3.6m
- Receivables after one year -€3.3m
down €3.3m (-80.7%), from €4.1m to €796,426
- Other debts +€63,620
up €63,620 (+1406.8%), from €4,522 to €68,142
- Financial income +€6,652
up €6,652 (+10.4%), from €63,863 to €70,514
- Other operating charges +€912
up €912 (+106.3%), from €858 to €1,770
- Gross operating margin -€833
down €833 (-1.4%), from -€58,890 to -€59,724
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.
Cash bridge derived
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 | €4,319,666 | €4,376,155 | +€56,489 | +1.3% |
| Fixed assets | 21/28 | €3,652 | €981 | -€2,671 | -73.1% |
| Tangible fixed assets | 22/27 | €3,652 | €981 | -€2,671 | -73.1% |
| Furniture and vehicles | 24 | €3,652 | €981 | -€2,671 | -73.1% |
| Current assets | 29/58 | €4,316,014 | €4,375,175 | +€59,160 | +1.4% |
| Amounts receivable after more than one year | 29 | €4,125,912 | €796,426 | -€3.3m | -80.7% |
| Other amounts receivable | 291 | €4,125,912 | €796,426 | -€3.3m | -80.7% |
| Amounts receivable within one year | 40/41 | €189,796 | €3,578,096 | +€3.4m | +1785.2% |
| Other amounts receivable | 41 | €189,796 | €3,578,096 | +€3.4m | +1785.2% |
| Cash at bank and in hand | 54/58 | €307 | €653 | +€346 | +112.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,319,666 | €4,376,155 | +€56,489 | +1.3% |
| Equity | 10/15 | €3,351,396 | €3,355,680 | +€4,283 | +0.1% |
| Contributions | 10/11 | €539,168 | €539,168 | = | 0.0% |
| Reserves | 13 | €2,688,520 | €2,688,520 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,994 | €9,994 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,994 | €9,994 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,678,526 | €2,678,526 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,708 | €127,991 | +€4,283 | +3.5% |
| Provisions and deferred taxes | 16 | €892,842 | €892,842 | = | 0.0% |
| Deferred taxes | 168 | €892,842 | €892,842 | = | 0.0% |
| Amounts payable | 17/49 | €75,428 | €127,634 | +€52,206 | +69.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €75,428 | €127,634 | +€52,206 | +69.2% |
| Trade debts | 44 | €58,024 | €57,917 | -€107 | -0.2% |
| Suppliers | 440/4 | €58,024 | €57,917 | -€107 | -0.2% |
| Taxes, remuneration and social security | 45 | €12,881 | €1,574 | -€11,307 | -87.8% |
| Taxes | 450/3 | €12,881 | €1,574 | -€11,307 | -87.8% |
| Other amounts payable | 47/48 | €4,522 | €68,142 | +€63,620 | +1406.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,671 | €2,671 | = | 0.0% |
| Other operating charges | 640/8 | €858 | €1,770 | +€912 | +106.3% |
| Gross operating margin | 9900 | -€58,890 | -€59,724 | -€833 | -1.4% |
| Operating profit (loss) | 9901 | -€62,419 | -€64,164 | -€1,745 | -2.8% |
| Financial income | 75/76B | €63,863 | €70,514 | +€6,652 | +10.4% |
| Recurring financial income | 75 | €63,863 | €70,514 | +€6,652 | +10.4% |
| Financial charges | 65/66B | €243 | €450 | +€207 | +85.0% |
| Recurring financial charges | 65 | €243 | €450 | +€207 | +85.0% |
| Profit (loss) for the period before taxes | 9903 | €1,200 | €5,900 | +€4,699 | +391.6% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €1,927 | €1,616 | -€311 | -16.1% |
| Profit (loss) for the period | 9904 | -€727 | €4,283 | +€5,010 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€727 | €4,283 | +€5,010 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.