BELCATRA: 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.
BELCATRA
Largest movements
- Tangible fixed assets -€6,961
down €6,961 (-2.2%), from €319,420 to €312,459
- Debts after one year -€15,890
down €15,890 (-23.2%), from €68,498 to €52,608
of which Financial debts: -€15,890
- Profit (loss) carried forward +€4,077
up €4,077 (+78.6%), from -€5,185 to -€1,109
- Gross operating margin +€13,548
up €13,548 (+520.8%), from €2,601 to €16,149
- Financial charges +€373
up €373 (+12.5%), from €2,985 to €3,358
- Other operating charges -€333
down €333 (-15.9%), from €2,086 to €1,753
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 | €324,784 | €316,181 | -€8,603 | -2.6% |
| Fixed assets | 21/28 | €319,420 | €312,459 | -€6,961 | -2.2% |
| Tangible fixed assets | 22/27 | €319,420 | €312,459 | -€6,961 | -2.2% |
| Land and buildings | 22 | €319,420 | €312,459 | -€6,961 | -2.2% |
| Current assets | 29/58 | €5,364 | €3,722 | -€1,642 | -30.6% |
| Cash at bank and in hand | 54/58 | €5,364 | €3,722 | -€1,642 | -30.6% |
| Total equity and liabilities | 10/49 | €324,784 | €316,181 | -€8,603 | -2.6% |
| Equity | 10/15 | €106,852 | €110,929 | +€4,077 | +3.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €93,445 | €93,445 | = | 0.0% |
| Distributable reserves | 133 | €93,445 | €93,445 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,185 | -€1,109 | +€4,077 | +78.6% |
| Amounts payable | 17/49 | €217,932 | €205,252 | -€12,680 | -5.8% |
| Amounts payable after more than one year | 17 | €68,498 | €52,608 | -€15,890 | -23.2% |
| Financial debts | 170/4 | €64,898 | €49,008 | -€15,890 | -24.5% |
| Other amounts payable | 178/9 | €3,600 | €3,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €147,634 | €150,844 | +€3,210 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €15,268 | €15,890 | +€622 | +4.1% |
| Other amounts payable | 47/48 | €132,366 | €134,954 | +€2,588 | +2.0% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,961 | €6,961 | = | 0.0% |
| Other operating charges | 640/8 | €2,086 | €1,753 | -€333 | -15.9% |
| Gross operating margin | 9900 | €2,601 | €16,149 | +€13,548 | +520.8% |
| Operating profit (loss) | 9901 | -€6,446 | €7,435 | +€13,880 | |
| Financial charges | 65/66B | €2,985 | €3,358 | +€373 | +12.5% |
| Recurring financial charges | 65 | €2,985 | €3,358 | +€373 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,430 | €4,077 | +€13,507 | |
| Profit (loss) for the period | 9904 | -€9,430 | €4,077 | +€13,507 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,430 | €4,077 | +€13,507 |
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 10 October 2026 via checked.be.