BELCA M: 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.
BELCA M
Largest movements
- Deferred charges and accrued income -€1,903
down €1,903 (-66.5%), from €2,863 to €960
- Cash +€143
up €143 (+15.8%), from €905 to €1,048
mainly Deferred charges and accrued income (+€1,903) and Net result for the year (+€1,319)
- Tax, wage and social debts -€4,186
down €4,186 (-73.6%), from €5,686 to €1,500
of which Remuneration and social security: -€4,000
- Profit (loss) carried forward +€1,319
up €1,319 (+8.2%), from -€16,133 to -€14,814
- Other debts +€792
new in 2025: €792
- Trade debts +€315
up €315 (+24.2%), from €1,302 to €1,617
- Turnover -€2,995
down €2,995 (-11.3%), from €26,617 to €23,622
- Purchases and services -€2,136
down €2,136 (-8.9%), from €23,913 to €21,777
- Gross operating margin -€859
down €859 (-31.8%), from €2,704 to €1,845
- Other operating charges +€423
up €423 (+8460.0%), from €5 to €428
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 | €9,455 | €7,695 | -€1,760 | -18.6% |
| Current assets | 29/58 | €9,455 | €7,695 | -€1,760 | -18.6% |
| Amounts receivable within one year | 40/41 | €5,687 | €5,687 | = | 0.0% |
| Trade receivables | 40 | €5,687 | €5,687 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €905 | €1,048 | +€143 | +15.8% |
| Deferred charges and accrued income | 490/1 | €2,863 | €960 | -€1,903 | -66.5% |
| Total equity and liabilities | 10/49 | €9,455 | €7,695 | -€1,760 | -18.6% |
| Equity | 10/15 | €2,467 | €3,786 | +€1,319 | +53.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,133 | -€14,814 | +€1,319 | +8.2% |
| Amounts payable | 17/49 | €6,988 | €3,909 | -€3,079 | -44.1% |
| Amounts payable within one year | 42/48 | €6,988 | €3,909 | -€3,079 | -44.1% |
| Trade debts | 44 | €1,302 | €1,617 | +€315 | +24.2% |
| Suppliers | 440/4 | €1,302 | €1,617 | +€315 | +24.2% |
| Taxes, remuneration and social security | 45 | €5,686 | €1,500 | -€4,186 | -73.6% |
| Taxes | 450/3 | €1,686 | €1,500 | -€186 | -11.0% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | - | €792 | +€792 | |
| Turnover | 70 | €26,617 | €23,622 | -€2,995 | -11.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €23,913 | €21,777 | -€2,136 | -8.9% |
| Other operating charges | 640/8 | €5 | €428 | +€423 | +8460.0% |
| Gross operating margin | 9900 | €2,704 | €1,845 | -€859 | -31.8% |
| Operating profit (loss) | 9901 | €2,699 | €1,417 | -€1,282 | -47.5% |
| Financial charges | 65/66B | €118 | €98 | -€20 | -16.9% |
| Recurring financial charges | 65 | €118 | €98 | -€20 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €2,581 | €1,319 | -€1,262 | -48.9% |
| Profit (loss) for the period | 9904 | €2,581 | €1,319 | -€1,262 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,581 | €1,319 | -€1,262 | -48.9% |
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 4 October 2026 via checked.be.