BELECTROTEC: 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.
BELECTROTEC
Largest movements
- Receivables within one year +€38,548
up €38,548 (+141.7%), from €27,206 to €65,754
of which Trade receivables: +€37,133
- Cash -€36,147
down €36,147 (-81.1%), from €44,593 to €8,446
mainly Receivables within one year (-€38,548) and Other debts (-€36,740)
- Stocks and contracts -€7,000
down €7,000 (-58.6%), from €11,954 to €4,954
- Other debts -€36,740
down €36,740 (-79.4%), from €46,250 to €9,510
- Profit (loss) carried forward +€17,511
up €17,511, from -€17,511 to €0
- Trade debts +€11,615
up €11,615 (+121.1%), from €9,594 to €21,209
- Reserves +€2,897
up €2,897 (+10.6%), from €27,258 to €30,155
of which Tax-exempt reserves: +€2,897
- Turnover +€30,093
up €30,093 (+31.4%), from €95,975 to €126,067
- Purchases and services +€18,312
up €18,312 (+21.3%), from €85,850 to €104,162
- Other operating charges -€14,629
down €14,629 (-98.3%), from €14,884 to €254
- Gross operating margin +€11,781
up €11,781 (+116.4%), from €10,124 to €21,905
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 | €84,325 | €80,050 | -€4,275 | -5.1% |
| Fixed assets | 21/28 | €572 | €352 | -€220 | -38.5% |
| Tangible fixed assets | 22/27 | €572 | €352 | -€220 | -38.5% |
| Plant, machinery and equipment | 23 | €446 | €352 | -€94 | -21.2% |
| Furniture and vehicles | 24 | €126 | €0 | -€126 | -100.0% |
| Current assets | 29/58 | €83,753 | €79,698 | -€4,055 | -4.8% |
| Stocks and contracts in progress | 3 | €11,954 | €4,954 | -€7,000 | -58.6% |
| Stocks | 30/36 | €11,954 | €4,954 | -€7,000 | -58.6% |
| Amounts receivable within one year | 40/41 | €27,206 | €65,754 | +€38,548 | +141.7% |
| Trade receivables | 40 | €25,796 | €62,929 | +€37,133 | +143.9% |
| Other amounts receivable | 41 | €1,410 | €2,825 | +€1,415 | +100.4% |
| Cash at bank and in hand | 54/58 | €44,593 | €8,446 | -€36,147 | -81.1% |
| Deferred charges and accrued income | 490/1 | - | €544 | +€544 | |
| Total equity and liabilities | 10/49 | €84,325 | €80,050 | -€4,275 | -5.1% |
| Equity | 10/15 | €28,346 | €48,755 | +€20,409 | +72.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,258 | €30,155 | +€2,897 | +10.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,398 | €28,295 | +€2,897 | +11.4% |
| Profit (loss) carried forward | 14 | -€17,511 | €0 | +€17,511 | |
| Amounts payable | 17/49 | €55,979 | €31,294 | -€24,684 | -44.1% |
| Amounts payable within one year | 42/48 | €55,979 | €31,294 | -€24,684 | -44.1% |
| Trade debts | 44 | €9,594 | €21,209 | +€11,615 | +121.1% |
| Suppliers | 440/4 | €9,594 | €21,209 | +€11,615 | +121.1% |
| Taxes, remuneration and social security | 45 | €135 | €576 | +€441 | +327.9% |
| Taxes | 450/3 | €135 | €576 | +€441 | +327.9% |
| Other amounts payable | 47/48 | €46,250 | €9,510 | -€36,740 | -79.4% |
| Turnover | 70 | €95,975 | €126,067 | +€30,093 | +31.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €85,850 | €104,162 | +€18,312 | +21.3% |
| Remuneration, social security and pensions | 62 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251 | €220 | -€31 | -12.3% |
| Other operating charges | 640/8 | €14,884 | €254 | -€14,629 | -98.3% |
| Gross operating margin | 9900 | €10,124 | €21,905 | +€11,781 | +116.4% |
| Operating profit (loss) | 9901 | -€5,010 | €21,230 | +€26,241 | |
| Financial income | 75/76B | €32 | €0 | -€32 | -99.9% |
| Recurring financial income | 75 | €32 | €0 | -€32 | -99.9% |
| Financial charges | 65/66B | €973 | €381 | -€592 | -60.9% |
| Recurring financial charges | 65 | €973 | €381 | -€592 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,951 | €20,850 | +€26,801 | |
| Income taxes | 67/77 | -€94 | €441 | +€535 | |
| Profit (loss) for the period | 9904 | -€5,857 | €20,409 | +€26,266 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,857 | €20,409 | +€26,266 |
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 12 October 2026 via checked.be.