BELCOSOFT: 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.
BELCOSOFT
Largest movements
- Cash +€140,564
up €140,564 (+782.7%), from €17,960 to €158,524
mainly Current investments (+€82,000) and Net result for the year (+€55,682)
- Current investments -€82,000
down €82,000 (-100.0%), from €82,000 to €0
- Reserves +€55,682
up €55,682 (+63.5%), from €87,690 to €143,372
- Tax, wage and social debts +€2,037
up €2,037 (+8.5%), from €23,866 to €25,902
- Gross operating margin +€4,534
up €4,534 (+6.6%), from €68,513 to €73,047
- Financial income +€1,962
up €1,962 (+302.1%), from €649 to €2,611
- Taxes +€1,782
up €1,782 (+12.9%), from €13,842 to €15,623
- Depreciation +€1,266
up €1,266 (+66.6%), from €1,900 to €3,166
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 | €112,733 | €170,459 | +€57,725 | +51.2% |
| Fixed assets | 21/28 | €11,428 | €10,730 | -€698 | -6.1% |
| Tangible fixed assets | 22/27 | €11,428 | €10,730 | -€698 | -6.1% |
| Plant, machinery and equipment | 23 | €7,292 | €5,539 | -€1,753 | -24.0% |
| Furniture and vehicles | 24 | €2,520 | €3,742 | +€1,222 | +48.5% |
| Other tangible fixed assets | 26 | €1,616 | €1,449 | -€166 | -10.3% |
| Current assets | 29/58 | €101,305 | €159,728 | +€58,423 | +57.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €82,000 | €0 | -€82,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €17,960 | €158,524 | +€140,564 | +782.7% |
| Deferred charges and accrued income | 490/1 | €1,345 | €1,204 | -€142 | -10.5% |
| Total equity and liabilities | 10/49 | €112,733 | €170,459 | +€57,725 | +51.2% |
| Equity | 10/15 | €88,690 | €144,372 | +€55,682 | +62.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €87,690 | €143,372 | +€55,682 | +63.5% |
| Distributable reserves | 133 | €87,690 | €143,372 | +€55,682 | +63.5% |
| Amounts payable | 17/49 | €24,043 | €26,086 | +€2,044 | +8.5% |
| Amounts payable within one year | 42/48 | €24,043 | €26,086 | +€2,044 | +8.5% |
| Trade debts | 44 | €177 | €184 | +€7 | +3.8% |
| Suppliers | 440/4 | €177 | €184 | +€7 | +3.8% |
| Taxes, remuneration and social security | 45 | €23,866 | €25,902 | +€2,037 | +8.5% |
| Taxes | 450/3 | €23,866 | €25,902 | +€2,037 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,900 | €3,166 | +€1,266 | +66.6% |
| Other operating charges | 640/8 | €690 | €832 | +€143 | +20.7% |
| Gross operating margin | 9900 | €68,513 | €73,047 | +€4,534 | +6.6% |
| Operating profit (loss) | 9901 | €65,923 | €69,048 | +€3,126 | +4.7% |
| Financial income | 75/76B | €649 | €2,611 | +€1,962 | +302.1% |
| Recurring financial income | 75 | €649 | €2,611 | +€1,962 | +302.1% |
| Financial charges | 65/66B | €330 | €355 | +€25 | +7.5% |
| Recurring financial charges | 65 | €330 | €355 | +€25 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €66,242 | €71,305 | +€5,063 | +7.6% |
| Income taxes | 67/77 | €13,842 | €15,623 | +€1,782 | +12.9% |
| Profit (loss) for the period | 9904 | €52,401 | €55,682 | +€3,281 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,401 | €55,682 | +€3,281 | +6.3% |
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.