Beleto: 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.
Beleto
Largest movements
- Cash +€57,242
up €57,242 (+80.1%), from €71,433 to €128,675
mainly Net result for the year (+€40,330) and Other debts (+€27,636)
- Tangible fixed assets -€9,208
down €9,208 (-53.1%), from €17,328 to €8,121
of which Furniture and vehicles: -€8,482
- Deferred charges and accrued income +€7,865
up €7,865 (+553%), from €1,423 to €9,288
- Profit (loss) carried forward +€40,330
up €40,330 (+60.6%), from €66,594 to €106,924
- Other debts +€27,636
up €27,636 (+223%), from €12,397 to €40,034
- Current portion of long-term debt -€7,739
no longer reported in 2025 (was €7,739)
- Tax, wage and social debts -€3,125
down €3,125 (-29.7%), from €10,517 to €7,392
of which Remuneration and social security: -€3,000
- Depreciation -€3,843
down €3,843 (-26.3%), from €14,635 to €10,791
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 | €122,063 | €179,241 | +€57,179 | +46.8% |
| Fixed assets | 21/28 | €17,328 | €8,121 | -€9,208 | -53.1% |
| Tangible fixed assets | 22/27 | €17,328 | €8,121 | -€9,208 | -53.1% |
| Plant, machinery and equipment | 23 | €3,472 | €2,745 | -€726 | -20.9% |
| Furniture and vehicles | 24 | €13,857 | €5,375 | -€8,482 | -61.2% |
| Current assets | 29/58 | €104,734 | €171,120 | +€66,386 | +63.4% |
| Amounts receivable within one year | 40/41 | €31,878 | €33,158 | +€1,280 | +4.0% |
| Trade receivables | 40 | €30,250 | €30,406 | +€156 | +0.5% |
| Other amounts receivable | 41 | €1,628 | €2,752 | +€1,124 | +69.0% |
| Cash at bank and in hand | 54/58 | €71,433 | €128,675 | +€57,242 | +80.1% |
| Deferred charges and accrued income | 490/1 | €1,423 | €9,288 | +€7,865 | +553% |
| Total equity and liabilities | 10/49 | €122,063 | €179,241 | +€57,179 | +46.8% |
| Equity | 10/15 | €90,094 | €130,424 | +€40,330 | +44.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €13,500 | €13,500 | = | 0.0% |
| Distributable reserves | 133 | €13,500 | €13,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,594 | €106,924 | +€40,330 | +60.6% |
| Amounts payable | 17/49 | €31,968 | €48,817 | +€16,849 | +52.7% |
| Amounts payable within one year | 42/48 | €31,968 | €48,817 | +€16,849 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €7,739 | - | -€7,739 | |
| Trade debts | 44 | €1,314 | €1,391 | +€77 | +5.9% |
| Suppliers | 440/4 | €1,314 | €1,391 | +€77 | +5.9% |
| Taxes, remuneration and social security | 45 | €10,517 | €7,392 | -€3,125 | -29.7% |
| Taxes | 450/3 | €7,517 | €7,392 | -€125 | -1.7% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €12,397 | €40,034 | +€27,636 | +223% |
| Remuneration, social security and pensions | 62 | €1,493 | €1,493 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,635 | €10,791 | -€3,843 | -26.3% |
| Other operating charges | 640/8 | €216 | €227 | +€11 | +5.2% |
| Non-recurring operating charges | 66A | - | €1,128 | +€1,128 | |
| Gross operating margin | 9900 | €65,419 | €65,003 | -€415 | -0.6% |
| Operating profit (loss) | 9901 | €49,076 | €51,365 | +€2,289 | +4.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €357 | €159 | -€197 | -55.3% |
| Recurring financial charges | 65 | €357 | €159 | -€197 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €48,719 | €51,206 | +€2,486 | +5.1% |
| Income taxes | 67/77 | €10,364 | €10,876 | +€512 | +4.9% |
| Profit (loss) for the period | 9904 | €38,355 | €40,330 | +€1,974 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,355 | €40,330 | +€1,974 | +5.1% |
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 13 October 2026 via checked.be.