Belenergie: 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.
Belenergie
Largest movements
- Cash +€13,453
up €13,453 (+623%), from €2,158 to €15,611
mainly Investment in fixed assets (net) (+€9,830) and Trade debts (+€3,539)
- Tangible fixed assets -€9,830
down €9,830 (-100%), from €9,830 to €0
- Stocks and contracts +€4,218
up €4,218 (+5.4%), from €78,248 to €82,466
- Receivables within one year -€2,765
down €2,765 (-55.7%), from €4,963 to €2,198
of which Other amounts receivable: -€2,765
- Trade debts +€3,539
up €3,539 (+1,787%), from €198 to €3,737
- Tax, wage and social debts +€1,522
new in 2025: €1,522
- Other operating charges +€4,842
up €4,842 (+1,248%), from €388 to €5,230
- Gross operating margin -€1,541
down €1,541 (-22.4%), from €6,893 to €5,352
- Financial charges +€98
up €98 (+979%), from €10 to €108
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 | €95,199 | €100,274 | +€5,075 | +5.3% |
| Fixed assets | 21/28 | €9,830 | €0 | -€9,830 | -100% |
| Tangible fixed assets | 22/27 | €9,830 | €0 | -€9,830 | -100% |
| Land and buildings | 22 | €9,830 | €0 | -€9,830 | -100% |
| Current assets | 29/58 | €85,369 | €100,274 | +€14,905 | +17.5% |
| Stocks and contracts in progress | 3 | €78,248 | €82,466 | +€4,218 | +5.4% |
| Stocks | 30/36 | €78,248 | €82,466 | +€4,218 | +5.4% |
| Amounts receivable within one year | 40/41 | €4,963 | €2,198 | -€2,765 | -55.7% |
| Trade receivables | 40 | €2,178 | €2,178 | = | 0.0% |
| Other amounts receivable | 41 | €2,785 | €20 | -€2,765 | -99.3% |
| Cash at bank and in hand | 54/58 | €2,158 | €15,611 | +€13,453 | +623% |
| Total equity and liabilities | 10/49 | €95,199 | €100,274 | +€5,075 | +5.3% |
| Equity | 10/15 | -€134,999 | -€134,985 | +€14 | 0.0% |
| Contributions | 10/11 | €9,050 | €9,050 | = | 0.0% |
| Reserves | 13 | €50,138 | €50,138 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €48,638 | €48,638 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€194,187 | -€194,172 | +€15 | 0.0% |
| Amounts payable | 17/49 | €230,198 | €235,259 | +€5,061 | +2.2% |
| Amounts payable within one year | 42/48 | €230,198 | €235,259 | +€5,061 | +2.2% |
| Trade debts | 44 | €198 | €3,737 | +€3,539 | +1,787% |
| Suppliers | 440/4 | €198 | €3,737 | +€3,539 | +1,787% |
| Taxes, remuneration and social security | 45 | - | €1,522 | +€1,522 | |
| Taxes | 450/3 | - | €1,522 | +€1,522 | |
| Other amounts payable | 47/48 | €230,000 | €230,000 | = | 0.0% |
| Other operating charges | 640/8 | €388 | €5,230 | +€4,842 | +1,248% |
| Gross operating margin | 9900 | €6,893 | €5,352 | -€1,541 | -22.4% |
| Operating profit (loss) | 9901 | €6,505 | €122 | -€6,383 | -98.1% |
| Financial charges | 65/66B | €10 | €108 | +€98 | +979% |
| Recurring financial charges | 65 | €10 | €108 | +€98 | +979% |
| Profit (loss) for the period before taxes | 9903 | €6,495 | €15 | -€6,480 | -99.8% |
| Profit (loss) for the period | 9904 | €6,495 | €15 | -€6,480 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,495 | €15 | -€6,480 | -99.8% |
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 28 October 2026 via checked.be.