BELCHEM SOLUTIONS: 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.
BELCHEM SOLUTIONS
Largest movements
- Receivables within one year +€4.4m
up €4.4m (+66.0%), from €6.7m to €11.2m
of which Trade receivables: +€4.4m
- Cash -€1.1m
down €1.1m (-93.0%), from €1.1m to €79,203
mainly Receivables within one year (-€4.4m) and Trade debts (-€475,143)
- Stocks and contracts -€225,449
down €225,449 (-63.3%), from €356,265 to €130,816
- Short-term financial debts +€3.5m
new in 2025: €3.5m
- Trade debts -€475,143
down €475,143 (-6.1%), from €7.8m to €7.3m
- Profit (loss) carried forward +€132,709
up €132,709 (+35.8%), from €371,077 to €503,787
- Turnover +€16.5m
new in 2025: €16.5m
- Goods and materials +€16.0m
new in 2025: €16.0m
of which Purchases: +€15.8m
- Financial charges +€670,559
up €670,559 (+1,024%), from €65,467 to €736,025
- Financial income +€499,145
up €499,145 (+2,833%), from €17,619 to €516,764
- Gross operating margin -€301,729
no longer reported in 2025 (was €301,729)
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 | €8,209,663 | €11,370,819 | +€3.2m | +38.5% |
| Fixed assets | 21/28 | €348 | €348 | = | 0.0% |
| Financial fixed assets | 28 | €348 | €348 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €348 | +€348 | |
| Amounts receivable and cash guarantees | 285/8 | - | €348 | +€348 | |
| Current assets | 29/58 | €8,209,315 | €11,370,471 | +€3.2m | +38.5% |
| Stocks and contracts in progress | 3 | €356,265 | €130,816 | -€225,449 | -63.3% |
| Stocks | 30/36 | €356,265 | €130,816 | -€225,449 | -63.3% |
| Goods purchased for resale | 34 | - | €130,816 | +€130,816 | |
| Amounts receivable within one year | 40/41 | €6,723,334 | €11,160,452 | +€4.4m | +66.0% |
| Trade receivables | 40 | €6,718,148 | €11,153,143 | +€4.4m | +66.0% |
| Other amounts receivable | 41 | €5,186 | €7,309 | +€2,123 | +40.9% |
| Cash at bank and in hand | 54/58 | €1,129,715 | €79,203 | -€1.1m | -93.0% |
| Total equity and liabilities | 10/49 | €8,209,663 | €11,370,819 | +€3.2m | +38.5% |
| Equity | 10/15 | €389,677 | €522,387 | +€132,709 | +34.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €371,077 | €503,787 | +€132,709 | +35.8% |
| Amounts payable | 17/49 | €7,819,985 | €10,848,433 | +€3.0m | +38.7% |
| Amounts payable within one year | 42/48 | €7,819,985 | €10,809,614 | +€3.0m | +38.2% |
| Financial debts | 43 | - | €3,454,439 | +€3.5m | |
| Credit institutions | 430/8 | - | €3,454,439 | +€3.5m | |
| Trade debts | 44 | €7,796,660 | €7,321,518 | -€475,143 | -6.1% |
| Suppliers | 440/4 | €7,796,660 | €7,321,518 | -€475,143 | -6.1% |
| Taxes, remuneration and social security | 45 | €23,325 | €33,658 | +€10,333 | +44.3% |
| Taxes | 450/3 | €18,283 | €30,483 | +€12,200 | +66.7% |
| Remuneration and social security | 454/9 | €5,042 | €3,175 | -€1,867 | -37.0% |
| Accrued charges and deferred income | 492/3 | - | €38,818 | +€38,818 | |
| Operating income | 70/76A | - | €16,609,867 | +€16.6m | |
| Turnover | 70 | - | €16,532,220 | +€16.5m | |
| Other operating income | 74 | - | €77,647 | +€77,647 | |
| Operating charges | 60/66A | - | €16,210,696 | +€16.2m | |
| Goods for resale, raw materials and consumables | 60 | - | €15,981,327 | +€16.0m | |
| Purchases | 600/8 | - | €15,755,878 | +€15.8m | |
| Change in stocks: decrease (increase) | 609 | - | €225,449 | +€225,449 | |
| Services and other goods | 61 | - | €188,145 | +€188,145 | |
| Remuneration, social security and pensions | 62 | €35,295 | €37,372 | +€2,077 | +5.9% |
| Other operating charges | 640/8 | €14,321 | €3,852 | -€10,469 | -73.1% |
| Gross operating margin | 9900 | €301,729 | - | -€301,729 | |
| Operating profit (loss) | 9901 | €252,113 | €399,171 | +€147,058 | +58.3% |
| Financial income | 75/76B | €17,619 | €516,764 | +€499,145 | +2,833% |
| Recurring financial income | 75 | €17,619 | €516,764 | +€499,145 | +2,833% |
| Other financial income | 752/9 | - | €516,764 | +€516,764 | |
| Financial charges | 65/66B | €65,467 | €736,025 | +€670,559 | +1,024% |
| Recurring financial charges | 65 | €65,467 | €736,025 | +€670,559 | +1,024% |
| Other financial charges | 652/9 | - | €736,025 | +€736,025 | |
| Profit (loss) for the period before taxes | 9903 | €204,265 | €179,909 | -€24,356 | -11.9% |
| Income taxes | 67/77 | €84,626 | €47,200 | -€37,427 | -44.2% |
| Taxes | 670/3 | - | €47,200 | +€47,200 | |
| Profit (loss) for the period | 9904 | €119,639 | €132,709 | +€13,071 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €119,639 | €132,709 | +€13,071 | +10.9% |
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 19 October 2026 via checked.be.