BELBAT: 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.
BELBAT
Largest movements
- Receivables within one year -€12,336
down €12,336 (-28.5%), from €43,282 to €30,945
of which Other amounts receivable: -€11,879
- Receivables after one year -€3,525
down €3,525 (-70.2%), from €5,020 to €1,495
- Profit (loss) carried forward -€15,236
down €15,236 (-18.4%), from €82,983 to €67,747
- Trade debts -€1,737
down €1,737 (-23.6%), from €7,369 to €5,631
of which Suppliers: -€1,440
- Turnover -€18,263
down €18,263 (-23.5%), from €77,864 to €59,601
- Purchases and services -€10,977
down €10,977 (-13.8%), from €79,800 to €68,823
- Gross operating margin -€7,286
down €7,286 (-376%), from -€1,936 to -€9,222
- Depreciation -€889
down €889 (-22.2%), from €4,010 to €3,121
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 | €128,322 | €112,115 | -€16,207 | -12.6% |
| Fixed assets | 21/28 | €79,163 | €79,424 | +€262 | +0.3% |
| Tangible fixed assets | 22/27 | €79,088 | €79,349 | +€262 | +0.3% |
| Land and buildings | 22 | €79,088 | €76,107 | -€2,980 | -3.8% |
| Furniture and vehicles | 24 | - | €3,242 | +€3,242 | |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €49,159 | €32,691 | -€16,469 | -33.5% |
| Amounts receivable after more than one year | 29 | €5,020 | €1,495 | -€3,525 | -70.2% |
| Other amounts receivable | 291 | €5,020 | €1,495 | -€3,525 | -70.2% |
| Amounts receivable within one year | 40/41 | €43,282 | €30,945 | -€12,336 | -28.5% |
| Trade receivables | 40 | €12,946 | €12,489 | -€457 | -3.5% |
| Other amounts receivable | 41 | €30,335 | €18,456 | -€11,879 | -39.2% |
| Cash at bank and in hand | 54/58 | €858 | €250 | -€608 | -70.8% |
| Total equity and liabilities | 10/49 | €128,322 | €112,115 | -€16,207 | -12.6% |
| Equity | 10/15 | €103,443 | €88,207 | -€15,236 | -14.7% |
| 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 | €82,983 | €67,747 | -€15,236 | -18.4% |
| Provisions and deferred taxes | 16 | €16,455 | €16,455 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,455 | €16,455 | = | 0.0% |
| Environmental obligations | 163 | €16,455 | €16,455 | = | 0.0% |
| Amounts payable | 17/49 | €8,424 | €7,453 | -€971 | -11.5% |
| Amounts payable within one year | 42/48 | €8,424 | €7,453 | -€971 | -11.5% |
| Financial debts | 43 | €1,055 | €1,708 | +€652 | +61.8% |
| Credit institutions | 430/8 | €1,055 | €1,708 | +€652 | +61.8% |
| Trade debts | 44 | €7,369 | €5,631 | -€1,737 | -23.6% |
| Suppliers | 440/4 | €3,534 | €2,094 | -€1,440 | -40.7% |
| Bills of exchange payable | 441 | €3,835 | €3,537 | -€297 | -7.8% |
| Taxes, remuneration and social security | 45 | - | €114 | +€114 | |
| Taxes | 450/3 | - | €114 | +€114 | |
| Turnover | 70 | €77,864 | €59,601 | -€18,263 | -23.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €79,800 | €68,823 | -€10,977 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,010 | €3,121 | -€889 | -22.2% |
| Other operating charges | 640/8 | €1,853 | €2,426 | +€573 | +30.9% |
| Gross operating margin | 9900 | -€1,936 | -€9,222 | -€7,286 | -376% |
| Operating profit (loss) | 9901 | -€7,799 | -€14,769 | -€6,970 | -89.4% |
| Financial charges | 65/66B | €492 | €467 | -€25 | -5.1% |
| Recurring financial charges | 65 | €492 | €467 | -€25 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,291 | -€15,236 | -€6,945 | -83.8% |
| Profit (loss) for the period | 9904 | -€8,291 | -€15,236 | -€6,945 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,291 | -€15,236 | -€6,945 | -83.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.