BELCENTEX: 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.
BELCENTEX
Largest movements
- Cash +€1,603
up €1,603 (+78.6%), from €2,039 to €3,642
mainly Other debts (+€1,550) and Net result for the year (+€460)
- Receivables within one year +€127
up €127 (+172.7%), from €74 to €201
- Other debts +€1,550
new in 2025: €1,550
- Profit (loss) carried forward +€460
up €460 (+55.3%), from €832 to €1,292
- Tax, wage and social debts -€280
no longer reported in 2025 (was €280)
- Turnover +€798
up €798 (+59.8%), from €1,334 to €2,132
- Provisions +€593
up €593 (+153.0%), from €387 to €980
- Gross operating margin +€584
up €584 (+44.3%), from €1,317 to €1,901
- Purchases and services +€214
up €214 (+1252.8%), from €17 to €231
- Financial charges +€208
up €208 (+241.3%), from €86 to €294
of which Non-recurring financial charges: +€184
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 | €2,113 | €3,842 | +€1,730 | +81.9% |
| Current assets | 29/58 | €2,113 | €3,842 | +€1,730 | +81.9% |
| Amounts receivable within one year | 40/41 | €74 | €201 | +€127 | +172.7% |
| Other amounts receivable | 41 | €74 | €201 | +€127 | +172.7% |
| Cash at bank and in hand | 54/58 | €2,039 | €3,642 | +€1,603 | +78.6% |
| Total equity and liabilities | 10/49 | €2,113 | €3,842 | +€1,730 | +81.9% |
| Equity | 10/15 | €1,832 | €2,292 | +€460 | +25.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €832 | €1,292 | +€460 | +55.3% |
| Amounts payable | 17/49 | €280 | €1,550 | +€1,270 | +453.3% |
| Amounts payable within one year | 42/48 | €280 | €1,550 | +€1,270 | +453.3% |
| Taxes, remuneration and social security | 45 | €280 | - | -€280 | |
| Taxes | 450/3 | €280 | - | -€280 | |
| Other amounts payable | 47/48 | - | €1,550 | +€1,550 | |
| Turnover | 70 | €1,334 | €2,132 | +€798 | +59.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €17 | €231 | +€214 | +1252.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €387 | €980 | +€593 | +153.0% |
| Gross operating margin | 9900 | €1,317 | €1,901 | +€584 | +44.3% |
| Operating profit (loss) | 9901 | €930 | €921 | -€9 | -1.0% |
| Financial charges | 65/66B | €86 | €294 | +€208 | +241.3% |
| Recurring financial charges | 65 | €86 | €110 | +€24 | +27.7% |
| Non-recurring financial charges | 66B | - | €184 | +€184 | |
| Profit (loss) for the period before taxes | 9903 | €843 | €626 | -€217 | -25.7% |
| Income taxes | 67/77 | - | €166 | +€166 | |
| Profit (loss) for the period | 9904 | €843 | €460 | -€384 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €843 | €460 | -€384 | -45.5% |
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.