Belent: 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.
Belent
Largest movements
- Current investments -€218,987
down €218,987 (-63.7%), from €343,987 to €125,000
- Tangible fixed assets +€12,747
up €12,747 (+20.9%), from €60,850 to €73,597
of which Land and buildings: +€12,273
- Receivables within one year -€10,883
down €10,883 (-11.9%), from €91,598 to €80,715
- Cash +€10,679
up €10,679 (+21.9%), from €48,750 to €59,428
mainly Net result for the year (+€278,940) and Current investments (+€218,987)
- Reserves -€107,938
down €107,938 (-27.9%), from €386,878 to €278,940
- Other debts -€52,251
down €52,251 (-51.2%), from €102,067 to €49,816
- Tax, wage and social debts -€49,647
down €49,647 (-86.6%), from €57,330 to €7,684
- Gross operating margin +€119,105
up €119,105 (+46.9%), from €253,757 to €372,861
- Taxes +€28,300
up €28,300 (+48.8%), from €57,966 to €86,266
- Depreciation +€4,790
up €4,790 (+113.9%), from €4,206 to €8,996
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 | €551,914 | €341,004 | -€210,910 | -38.2% |
| Fixed assets | 21/28 | €60,850 | €73,597 | +€12,747 | +20.9% |
| Tangible fixed assets | 22/27 | €60,850 | €73,597 | +€12,747 | +20.9% |
| Land and buildings | 22 | €59,709 | €71,982 | +€12,273 | +20.6% |
| Plant, machinery and equipment | 23 | - | €1,047 | +€1,047 | |
| Furniture and vehicles | 24 | €1,141 | €568 | -€572 | -50.2% |
| Current assets | 29/58 | €491,064 | €267,407 | -€223,657 | -45.5% |
| Amounts receivable within one year | 40/41 | €91,598 | €80,715 | -€10,883 | -11.9% |
| Trade receivables | 40 | €91,598 | €80,715 | -€10,883 | -11.9% |
| Current investments | 50/53 | €343,987 | €125,000 | -€218,987 | -63.7% |
| Cash at bank and in hand | 54/58 | €48,750 | €59,428 | +€10,679 | +21.9% |
| Deferred charges and accrued income | 490/1 | €6,729 | €2,263 | -€4,466 | -66.4% |
| Total equity and liabilities | 10/49 | €551,914 | €341,004 | -€210,910 | -38.2% |
| Equity | 10/15 | €387,878 | €279,940 | -€107,938 | -27.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €386,878 | €278,940 | -€107,938 | -27.9% |
| Distributable reserves | 133 | €386,878 | €278,940 | -€107,938 | -27.9% |
| Amounts payable | 17/49 | €164,036 | €61,064 | -€102,972 | -62.8% |
| Amounts payable within one year | 42/48 | €163,532 | €61,064 | -€102,468 | -62.7% |
| Trade debts | 44 | €4,134 | €3,564 | -€570 | -13.8% |
| Suppliers | 440/4 | €4,134 | €3,564 | -€570 | -13.8% |
| Taxes, remuneration and social security | 45 | €57,330 | €7,684 | -€49,647 | -86.6% |
| Taxes | 450/3 | €57,330 | €7,684 | -€49,647 | -86.6% |
| Other amounts payable | 47/48 | €102,067 | €49,816 | -€52,251 | -51.2% |
| Accrued charges and deferred income | 492/3 | €504 | - | -€504 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,206 | €8,996 | +€4,790 | +113.9% |
| Other operating charges | 640/8 | €392 | €462 | +€70 | +17.9% |
| Gross operating margin | 9900 | €253,757 | €372,861 | +€119,105 | +46.9% |
| Operating profit (loss) | 9901 | €249,159 | €363,403 | +€114,244 | +45.9% |
| Financial income | 75/76B | €6,949 | €10,268 | +€3,319 | +47.8% |
| Recurring financial income | 75 | €6,949 | €10,268 | +€3,319 | +47.8% |
| Financial charges | 65/66B | €4,909 | €8,466 | +€3,556 | +72.4% |
| Recurring financial charges | 65 | €4,909 | €8,466 | +€3,556 | +72.4% |
| Profit (loss) for the period before taxes | 9903 | €251,199 | €365,206 | +€114,007 | +45.4% |
| Income taxes | 67/77 | €57,966 | €86,266 | +€28,300 | +48.8% |
| Profit (loss) for the period | 9904 | €193,232 | €278,940 | +€85,707 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €193,232 | €278,940 | +€85,707 | +44.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.