BELETIS: what changed
Two fiscal 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.
BELETIS
Largest movements
- Receivables within one year +€16,811
up €16,811 (+79.1%), from €21,256 to €38,067
of which Trade receivables: +€16,811
- Tangible fixed assets -€13,649
down €13,649 (-35.0%), from €39,049 to €25,400
- Cash -€2,049
down €2,049 (-94.8%), from €2,161 to €112
mainly Tax, wage and social debts (-€17,308) and Receivables within one year (-€16,811)
- Other debts +€21,299
up €21,299 (+204.0%), from €10,440 to €31,739
- Tax, wage and social debts -€17,308
down €17,308 (-42.6%), from €40,673 to €23,365
of which Taxes: -€9,899
- Profit (loss) carried forward -€7,896
down €7,896, from €1,961 to -€5,936
- Trade debts +€5,436
up €5,436 (+114.9%), from €4,732 to €10,168
- Gross operating margin +€52,797
up €52,797, from -€4,802 to €47,995
- Staff costs +€30,139
new in 2025: €30,139
- Depreciation +€11,751
up €11,751 (+619.2%), from €1,898 to €13,649
- Taxes +€2,999
new in 2025: €2,999
- Other operating charges +€1,727
up €1,727 (+27.3%), from €6,322 to €8,049
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 | €62,849 | €64,653 | +€1,804 | +2.9% |
| Fixed assets | 21/28 | €39,431 | €26,082 | -€13,349 | -33.9% |
| Tangible fixed assets | 22/27 | €39,049 | €25,400 | -€13,649 | -35.0% |
| Furniture and vehicles | 24 | €39,049 | €25,400 | -€13,649 | -35.0% |
| Financial fixed assets | 28 | €382 | €682 | +€300 | +78.5% |
| Current assets | 29/58 | €23,417 | €38,570 | +€15,153 | +64.7% |
| Amounts receivable within one year | 40/41 | €21,256 | €38,067 | +€16,811 | +79.1% |
| Trade receivables | 40 | €13,334 | €30,145 | +€16,811 | +126.1% |
| Other amounts receivable | 41 | €7,922 | €7,922 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,161 | €112 | -€2,049 | -94.8% |
| Deferred charges and accrued income | 490/1 | - | €391 | +€391 | |
| Total equity and liabilities | 10/49 | €62,849 | €64,653 | +€1,804 | +2.9% |
| Equity | 10/15 | €7,004 | -€893 | -€7,896 | |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €543 | €543 | = | 0.0% |
| Distributable reserves | 133 | €543 | €543 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,961 | -€5,936 | -€7,896 | |
| Amounts payable | 17/49 | €55,845 | €65,545 | +€9,700 | +17.4% |
| Amounts payable within one year | 42/48 | €55,845 | €65,545 | +€9,700 | +17.4% |
| Financial debts | 43 | - | €273 | +€273 | |
| Credit institutions | 430/8 | - | €273 | +€273 | |
| Trade debts | 44 | €4,732 | €10,168 | +€5,436 | +114.9% |
| Suppliers | 440/4 | €4,732 | €10,168 | +€5,436 | +114.9% |
| Taxes, remuneration and social security | 45 | €40,673 | €23,365 | -€17,308 | -42.6% |
| Taxes | 450/3 | €15,625 | €5,726 | -€9,899 | -63.4% |
| Remuneration and social security | 454/9 | €25,048 | €17,639 | -€7,408 | -29.6% |
| Other amounts payable | 47/48 | €10,440 | €31,739 | +€21,299 | +204.0% |
| Remuneration, social security and pensions | 62 | - | €30,139 | +€30,139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,898 | €13,649 | +€11,751 | +619.2% |
| Other operating charges | 640/8 | €6,322 | €8,049 | +€1,727 | +27.3% |
| Gross operating margin | 9900 | -€4,802 | €47,995 | +€52,797 | |
| Operating profit (loss) | 9901 | -€13,022 | -€3,843 | +€9,179 | +70.5% |
| Financial income | 75/76B | €0 | €27 | +€26 | +6304.8% |
| Recurring financial income | 75 | €0 | €27 | +€26 | +6304.8% |
| Financial charges | 65/66B | €288 | €1,081 | +€792 | +274.8% |
| Recurring financial charges | 65 | €288 | €1,081 | +€792 | +274.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,310 | -€4,897 | +€8,413 | +63.2% |
| Income taxes | 67/77 | - | €2,999 | +€2,999 | |
| Profit (loss) for the period | 9904 | -€13,310 | -€7,896 | +€5,414 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,310 | -€7,896 | +€5,414 | +40.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.