BELBATIS: 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.
BELBATIS
Largest movements
- Tangible fixed assets +€12,548
up €12,548 (+28.5%), from €44,046 to €56,594
of which Plant, machinery and equipment: +€15,781
- Cash +€6,583
up €6,583 (+19.3%), from €34,172 to €40,755
mainly Net result for the year (+€22,794) and Depreciation (+€8,892)
- Receivables within one year +€5,420
up €5,420 (+230.9%), from €2,347 to €7,767
of which Trade receivables: +€6,546
- Profit (loss) carried forward +€22,794
up €22,794 (+24.5%), from -€93,001 to -€70,207
- Turnover -€145,064
no longer reported in 2025 (was €145,064)
- Purchases and services -€125,326
no longer reported in 2025 (was €125,326)
- Gross operating margin +€12,104
up €12,104 (+61.3%), from €19,738 to €31,842
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 | €82,714 | €106,460 | +€23,746 | +28.7% |
| Fixed assets | 21/28 | €44,227 | €56,776 | +€12,548 | +28.4% |
| Tangible fixed assets | 22/27 | €44,046 | €56,594 | +€12,548 | +28.5% |
| Land and buildings | 22 | €23,000 | €21,500 | -€1,500 | -6.5% |
| Plant, machinery and equipment | 23 | €19,063 | €34,844 | +€15,781 | +82.8% |
| Furniture and vehicles | 24 | €1,983 | €250 | -€1,733 | -87.4% |
| Financial fixed assets | 28 | €182 | €182 | = | 0.0% |
| Current assets | 29/58 | €38,486 | €49,684 | +€11,198 | +29.1% |
| Stocks and contracts in progress | 3 | €1,967 | €1,163 | -€805 | -40.9% |
| Stocks | 30/36 | €1,967 | €1,163 | -€805 | -40.9% |
| Amounts receivable within one year | 40/41 | €2,347 | €7,767 | +€5,420 | +230.9% |
| Trade receivables | 40 | €803 | €7,350 | +€6,546 | +815.1% |
| Other amounts receivable | 41 | €1,544 | €417 | -€1,126 | -73.0% |
| Cash at bank and in hand | 54/58 | €34,172 | €40,755 | +€6,583 | +19.3% |
| Total equity and liabilities | 10/49 | €82,714 | €106,460 | +€23,746 | +28.7% |
| Equity | 10/15 | -€31,001 | -€8,207 | +€22,794 | +73.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,001 | -€70,207 | +€22,794 | +24.5% |
| Amounts payable | 17/49 | €113,715 | €114,667 | +€952 | +0.8% |
| Amounts payable after more than one year | 17 | €108,375 | €108,375 | = | 0.0% |
| Financial debts | 170/4 | €108,375 | €108,375 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,340 | €6,293 | +€952 | +17.8% |
| Trade debts | 44 | €4,415 | €4,561 | +€147 | +3.3% |
| Suppliers | 440/4 | €4,415 | €4,561 | +€147 | +3.3% |
| Advances received on contracts in progress | 46 | - | €40 | +€40 | |
| Taxes, remuneration and social security | 45 | - | €615 | +€615 | |
| Taxes | 450/3 | - | €615 | +€615 | |
| Other amounts payable | 47/48 | €926 | €1,077 | +€151 | +16.4% |
| Turnover | 70 | €145,064 | - | -€145,064 | |
| Goods, raw materials, services and sundry goods | 60/61 | €125,326 | - | -€125,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,931 | €8,892 | +€960 | +12.1% |
| Other operating charges | 640/8 | €300 | €390 | +€90 | +30.0% |
| Gross operating margin | 9900 | €19,738 | €31,842 | +€12,104 | +61.3% |
| Operating profit (loss) | 9901 | €11,507 | €22,560 | +€11,054 | +96.1% |
| Financial income | 75/76B | €1,533 | €250 | -€1,283 | -83.7% |
| Recurring financial income | 75 | €1,533 | €250 | -€1,283 | -83.7% |
| Financial charges | 65/66B | €114 | €16 | -€98 | -86.1% |
| Recurring financial charges | 65 | €114 | €16 | -€98 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | €12,925 | €22,794 | +€9,869 | +76.4% |
| Profit (loss) for the period | 9904 | €12,925 | €22,794 | +€9,869 | +76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,925 | €22,794 | +€9,869 | +76.4% |
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.