BELDÉ: 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.
BELDÉ
Largest movements
- Cash +€46,233
up €46,233 (+57.0%), from €81,133 to €127,367
mainly Net result for the year (+€57,419) and Tax, wage and social debts (+€9,824)
- Receivables within one year +€20,420
up €20,420 (+102.2%), from €19,972 to €40,392
of which Trade receivables: +€12,837
- Reserves +€57,419
up €57,419 (+67.7%), from €84,784 to €142,203
- Tax, wage and social debts +€9,824
up €9,824 (+51.4%), from €19,116 to €28,940
of which Taxes: +€9,824
- Gross operating margin +€24,531
up €24,531 (+42.6%), from €57,596 to €82,127
- Taxes +€6,905
up €6,905 (+42.8%), from €16,142 to €23,046
- Other operating charges -€1,144
down €1,144 (-53.7%), from €2,131 to €988
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 | €112,673 | €178,946 | +€66,273 | +58.8% |
| Fixed assets | 21/28 | €11,567 | €10,774 | -€794 | -6.9% |
| Tangible fixed assets | 22/27 | €1,567 | €774 | -€794 | -50.6% |
| Furniture and vehicles | 24 | €1,567 | €774 | -€794 | -50.6% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €101,105 | €168,172 | +€67,067 | +66.3% |
| Amounts receivable within one year | 40/41 | €19,972 | €40,392 | +€20,420 | +102.2% |
| Trade receivables | 40 | €19,685 | €32,522 | +€12,837 | +65.2% |
| Other amounts receivable | 41 | €288 | €7,870 | +€7,583 | +2636.6% |
| Cash at bank and in hand | 54/58 | €81,133 | €127,367 | +€46,233 | +57.0% |
| Deferred charges and accrued income | 490/1 | - | €413 | +€413 | |
| Total equity and liabilities | 10/49 | €112,673 | €178,946 | +€66,273 | +58.8% |
| Equity | 10/15 | €87,784 | €145,203 | +€57,419 | +65.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €84,784 | €142,203 | +€57,419 | +67.7% |
| Distributable reserves | 133 | €84,784 | €142,203 | +€57,419 | +67.7% |
| Amounts payable | 17/49 | €24,889 | €33,742 | +€8,854 | +35.6% |
| Amounts payable within one year | 42/48 | €24,889 | €33,742 | +€8,854 | +35.6% |
| Trade debts | 44 | €5,004 | €4,742 | -€262 | -5.2% |
| Suppliers | 440/4 | €5,004 | €4,742 | -€262 | -5.2% |
| Taxes, remuneration and social security | 45 | €19,116 | €28,940 | +€9,824 | +51.4% |
| Taxes | 450/3 | €17,181 | €27,005 | +€9,824 | +57.2% |
| Remuneration and social security | 454/9 | €1,935 | €1,935 | = | 0.0% |
| Other amounts payable | 47/48 | €769 | €60 | -€708 | -92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €445 | €794 | +€349 | +78.4% |
| Other operating charges | 640/8 | €2,131 | €988 | -€1,144 | -53.7% |
| Gross operating margin | 9900 | €57,596 | €82,127 | +€24,531 | +42.6% |
| Operating profit (loss) | 9901 | €55,020 | €80,346 | +€25,326 | +46.0% |
| Financial income | 75/76B | - | €192 | +€192 | |
| Recurring financial income | 75 | - | €192 | +€192 | |
| Financial charges | 65/66B | €65 | €72 | +€7 | +10.8% |
| Recurring financial charges | 65 | €65 | €72 | +€7 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €54,955 | €80,466 | +€25,511 | +46.4% |
| Income taxes | 67/77 | €16,142 | €23,046 | +€6,905 | +42.8% |
| Profit (loss) for the period | 9904 | €38,813 | €57,419 | +€18,606 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,813 | €57,419 | +€18,606 | +47.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.