BELET GERT: 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.
BELET GERT
Largest movements
- Cash +€27,681
up €27,681 (+72.4%), from €38,233 to €65,914
mainly Net result for the year (+€29,339) and Depreciation (+€6,800)
- Tangible fixed assets -€6,453
down €6,453 (-29.4%), from €21,919 to €15,467
of which Furniture and vehicles: -€6,377
- Receivables within one year -€3,994
down €3,994 (-32.3%), from €12,356 to €8,362
of which Trade receivables: -€3,324
- Profit (loss) carried forward +€29,339
up €29,339 (+94.2%), from €31,155 to €60,494
- Debts after one year -€6,000
down €6,000 (-26.7%), from €22,490 to €16,490
- Other debts -€3,102
no longer reported in 2025 (was €3,102)
- Trade debts -€2,609
down €2,609 (-37.4%), from €6,971 to €4,362
- Purchases and services -€3,621
down €3,621 (-3.6%), from €101,581 to €97,960
- Depreciation +€1,903
up €1,903 (+38.9%), from €4,897 to €6,800
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 | €72,508 | €89,743 | +€17,235 | +23.8% |
| Fixed assets | 21/28 | €21,919 | €15,467 | -€6,453 | -29.4% |
| Tangible fixed assets | 22/27 | €21,919 | €15,467 | -€6,453 | -29.4% |
| Plant, machinery and equipment | 23 | €298 | €223 | -€76 | -25.4% |
| Furniture and vehicles | 24 | €21,621 | €15,244 | -€6,377 | -29.5% |
| Current assets | 29/58 | €50,589 | €74,276 | +€23,688 | +46.8% |
| Amounts receivable within one year | 40/41 | €12,356 | €8,362 | -€3,994 | -32.3% |
| Trade receivables | 40 | €11,180 | €7,856 | -€3,324 | -29.7% |
| Other amounts receivable | 41 | €1,176 | €506 | -€670 | -57.0% |
| Cash at bank and in hand | 54/58 | €38,233 | €65,914 | +€27,681 | +72.4% |
| Total equity and liabilities | 10/49 | €72,508 | €89,743 | +€17,235 | +23.8% |
| Equity | 10/15 | €32,155 | €61,494 | +€29,339 | +91.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,155 | €60,494 | +€29,339 | +94.2% |
| Amounts payable | 17/49 | €40,354 | €28,249 | -€12,105 | -30.0% |
| Amounts payable after more than one year | 17 | €22,490 | €16,490 | -€6,000 | -26.7% |
| Financial debts | 170/4 | €22,490 | €16,490 | -€6,000 | -26.7% |
| Amounts payable within one year | 42/48 | €17,864 | €11,759 | -€6,105 | -34.2% |
| Trade debts | 44 | €6,971 | €4,362 | -€2,609 | -37.4% |
| Suppliers | 440/4 | €6,971 | €4,362 | -€2,609 | -37.4% |
| Taxes, remuneration and social security | 45 | €7,790 | €7,397 | -€393 | -5.0% |
| Taxes | 450/3 | €7,790 | €7,397 | -€393 | -5.0% |
| Other amounts payable | 47/48 | €3,102 | - | -€3,102 | |
| Goods, raw materials, services and sundry goods | 60/61 | €101,581 | €97,960 | -€3,621 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,897 | €6,800 | +€1,903 | +38.9% |
| Other operating charges | 640/8 | €683 | €1,041 | +€358 | +52.5% |
| Gross operating margin | 9900 | €44,589 | €44,681 | +€92 | +0.2% |
| Operating profit (loss) | 9901 | €39,010 | €36,840 | -€2,170 | -5.6% |
| Financial income | 75/76B | €16 | €14 | -€2 | -13.8% |
| Recurring financial income | 75 | €16 | €14 | -€2 | -13.8% |
| Financial charges | 65/66B | €81 | €118 | +€37 | +45.7% |
| Recurring financial charges | 65 | €81 | €118 | +€37 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | €38,945 | €36,736 | -€2,209 | -5.7% |
| Income taxes | 67/77 | €7,790 | €7,397 | -€393 | -5.1% |
| Profit (loss) for the period | 9904 | €31,155 | €29,339 | -€1,815 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,155 | €29,339 | -€1,815 | -5.8% |
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 12 October 2026 via checked.be.