BELCRUX: 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.
BELCRUX
Largest movements
- Receivables within one year +€56,966
up €56,966 (+19.8%), from €287,708 to €344,675
of which Other amounts receivable: +€56,966
- Profit (loss) carried forward +€204,196
up €204,196 (+118.0%), from €173,040 to €377,236
- Other debts -€177,457
down €177,457 (-93.9%), from €189,055 to €11,599
- Accrued charges and deferred income +€28,508
new in 2025: €28,508
- Financial income +€241,376
up €241,376 (+1513.3%), from €15,951 to €257,327
- Financial charges +€44,865
up €44,865 (+16831.1%), from €267 to €45,131
- Gross operating margin -€4,836
down €4,836 (-184.6%), from -€2,620 to -€7,456
- Other operating charges -€1,926
down €1,926 (-78.0%), from €2,470 to €544
- Taxes -€287
down €287 (-100.0%), from €287 to €0
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 | €368,033 | €424,852 | +€56,820 | +15.4% |
| Fixed assets | 21/28 | €80,000 | €80,000 | = | 0.0% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €288,033 | €344,852 | +€56,820 | +19.7% |
| Amounts receivable within one year | 40/41 | €287,708 | €344,675 | +€56,966 | +19.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €287,708 | €344,675 | +€56,966 | +19.8% |
| Cash at bank and in hand | 54/58 | €103 | €12 | -€92 | -88.8% |
| Deferred charges and accrued income | 490/1 | €221 | €166 | -€55 | -24.8% |
| Total equity and liabilities | 10/49 | €368,033 | €424,852 | +€56,820 | +15.4% |
| Equity | 10/15 | €175,040 | €379,236 | +€204,196 | +116.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,040 | €377,236 | +€204,196 | +118.0% |
| Amounts payable | 17/49 | €192,993 | €45,617 | -€147,376 | -76.4% |
| Amounts payable within one year | 42/48 | €192,993 | €17,109 | -€175,884 | -91.1% |
| Trade debts | 44 | €3,650 | €5,223 | +€1,573 | +43.1% |
| Suppliers | 440/4 | €3,650 | €5,223 | +€1,573 | +43.1% |
| Taxes, remuneration and social security | 45 | €287 | €287 | = | 0.0% |
| Taxes | 450/3 | €287 | €287 | = | 0.0% |
| Other amounts payable | 47/48 | €189,055 | €11,599 | -€177,457 | -93.9% |
| Accrued charges and deferred income | 492/3 | - | €28,508 | +€28,508 | |
| Other operating charges | 640/8 | €2,470 | €544 | -€1,926 | -78.0% |
| Gross operating margin | 9900 | -€2,620 | -€7,456 | -€4,836 | -184.6% |
| Operating profit (loss) | 9901 | -€5,089 | -€8,000 | -€2,911 | -57.2% |
| Financial income | 75/76B | €15,951 | €257,327 | +€241,376 | +1513.3% |
| Recurring financial income | 75 | €15,951 | €257,327 | +€241,376 | +1513.3% |
| Financial charges | 65/66B | €267 | €45,131 | +€44,865 | +16831.1% |
| Recurring financial charges | 65 | €267 | €45,131 | +€44,865 | +16831.1% |
| Profit (loss) for the period before taxes | 9903 | €10,595 | €204,196 | +€193,601 | +1827.3% |
| Income taxes | 67/77 | €287 | €0 | -€287 | -100.0% |
| Profit (loss) for the period | 9904 | €10,308 | €204,196 | +€193,888 | +1881.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,308 | €204,196 | +€193,888 | +1881.0% |
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.