BELECO CONSULT: 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.
BELECO CONSULT
Largest movements
- Cash +€19,936
up €19,936 (+98.6%), from €20,216 to €40,152
mainly Tax, wage and social debts (+€14,101) and Net result for the year (+€8,616)
- Tangible fixed assets +€8,673
up €8,673 (+146%), from €5,931 to €14,604
of which Furniture and vehicles: +€10,030
- Receivables within one year -€6,842
down €6,842 (-53.9%), from €12,685 to €5,844
of which Trade receivables: -€12,419
- Tax, wage and social debts +€14,101
up €14,101 (+87.7%), from €16,070 to €30,170
of which Remuneration and social security: +€14,347
- Reserves +€8,616
up €8,616 (+60.6%), from €14,224 to €22,840
- Trade debts -€949
down €949 (-51.6%), from €1,838 to €889
- Gross operating margin +€10,142
up €10,142 (+122%), from €8,308 to €18,450
- Depreciation +€3,468
up €3,468 (+255%), from €1,363 to €4,831
- Taxes +€2,619
up €2,619 (+181%), from €1,445 to €4,064
- Financial charges -€1,967
down €1,967 (-96.0%), from €2,049 to €82
- Other operating charges -€481
down €481 (-36.0%), from €1,339 to €857
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 | €38,832 | €60,599 | +€21,767 | +56.1% |
| Fixed assets | 21/28 | €5,931 | €14,604 | +€8,673 | +146% |
| Tangible fixed assets | 22/27 | €5,931 | €14,604 | +€8,673 | +146% |
| Plant, machinery and equipment | 23 | €3,027 | €1,818 | -€1,208 | -39.9% |
| Furniture and vehicles | 24 | €2,310 | €12,340 | +€10,030 | +434% |
| Other tangible fixed assets | 26 | €594 | €445 | -€149 | -25.0% |
| Current assets | 29/58 | €32,902 | €45,995 | +€13,094 | +39.8% |
| Amounts receivable within one year | 40/41 | €12,685 | €5,844 | -€6,842 | -53.9% |
| Trade receivables | 40 | €12,419 | - | -€12,419 | |
| Other amounts receivable | 41 | €266 | €5,844 | +€5,578 | +2,097% |
| Cash at bank and in hand | 54/58 | €20,216 | €40,152 | +€19,936 | +98.6% |
| Total equity and liabilities | 10/49 | €38,832 | €60,599 | +€21,767 | +56.1% |
| Equity | 10/15 | €20,924 | €29,540 | +€8,616 | +41.2% |
| Contributions | 10/11 | €6,700 | €6,700 | = | 0.0% |
| Reserves | 13 | €14,224 | €22,840 | +€8,616 | +60.6% |
| Distributable reserves | 133 | €14,224 | €22,840 | +€8,616 | +60.6% |
| Amounts payable | 17/49 | €17,908 | €31,059 | +€13,151 | +73.4% |
| Amounts payable within one year | 42/48 | €17,908 | €31,059 | +€13,151 | +73.4% |
| Trade debts | 44 | €1,838 | €889 | -€949 | -51.6% |
| Suppliers | 440/4 | €1,838 | €889 | -€949 | -51.6% |
| Taxes, remuneration and social security | 45 | €16,070 | €30,170 | +€14,101 | +87.7% |
| Taxes | 450/3 | €12,570 | €12,323 | -€246 | -2.0% |
| Remuneration and social security | 454/9 | €3,500 | €17,847 | +€14,347 | +410% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,363 | €4,831 | +€3,468 | +255% |
| Other operating charges | 640/8 | €1,339 | €857 | -€481 | -36.0% |
| Gross operating margin | 9900 | €8,308 | €18,450 | +€10,142 | +122% |
| Operating profit (loss) | 9901 | €5,606 | €12,762 | +€7,155 | +128% |
| Financial charges | 65/66B | €2,049 | €82 | -€1,967 | -96.0% |
| Recurring financial charges | 65 | €2,049 | €82 | -€1,967 | -96.0% |
| Profit (loss) for the period before taxes | 9903 | €3,557 | €12,680 | +€9,123 | +256% |
| Income taxes | 67/77 | €1,445 | €4,064 | +€2,619 | +181% |
| Profit (loss) for the period | 9904 | €2,112 | €8,616 | +€6,503 | +308% |
| Profit (loss) for the period to be appropriated | 9905 | €2,112 | €8,616 | +€6,503 | +308% |
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 15 October 2026 via checked.be.