Belexa & Partners: 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.
Belexa & Partners
Largest movements
- Cash -€34,979
down €34,979 (-87.8%), from €39,853 to €4,874
mainly Contributions, distributions and other (-€165,017) and Trade debts (-€45,824)
- Receivables within one year -€20,684
down €20,684 (-67.7%), from €30,543 to €9,859
of which Other amounts receivable: -€16,207
- Trade debts -€45,824
down €45,824 (-84.3%), from €54,331 to €8,508
- Tax, wage and social debts -€8,926
down €8,926 (-76.5%), from €11,666 to €2,740
- Other debts -€874
down €874 (-10.4%), from €8,401 to €7,527
- Financial income +€131,424
up €131,424 (+504%), from €26,066 to €157,490
- Taxes -€718
down €718 (-20.8%), from €3,458 to €2,740
- Gross operating margin -€653
down €653 (-5.6%), from €11,683 to €11,030
- Other operating charges +€185
up €185 (+32.0%), from €577 to €762
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 | €76,396 | €20,773 | -€55,623 | -72.8% |
| Fixed assets | 21/28 | €6,000 | €6,000 | = | 0.0% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €70,396 | €14,773 | -€55,623 | -79.0% |
| Amounts receivable within one year | 40/41 | €30,543 | €9,859 | -€20,684 | -67.7% |
| Trade receivables | 40 | €4,477 | €0 | -€4,477 | -100% |
| Other amounts receivable | 41 | €26,066 | €9,859 | -€16,207 | -62.2% |
| Cash at bank and in hand | 54/58 | €39,853 | €4,874 | -€34,979 | -87.8% |
| Deferred charges and accrued income | 490/1 | - | €40 | +€40 | |
| Total equity and liabilities | 10/49 | €76,396 | €20,773 | -€55,623 | -72.8% |
| Equity | 10/15 | €1,998 | €1,998 | = | 0.0% |
| Contributions | 10/11 | €48 | €48 | = | 0.0% |
| Reserves | 13 | €1,949 | €1,949 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6 | €6 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6 | €6 | = | 0.0% |
| Tax-exempt reserves | 132 | €2 | €2 | = | 0.0% |
| Distributable reserves | 133 | €1,942 | €1,942 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,398 | €18,775 | -€55,623 | -74.8% |
| Amounts payable within one year | 42/48 | €74,398 | €18,775 | -€55,623 | -74.8% |
| Trade debts | 44 | €54,331 | €8,508 | -€45,824 | -84.3% |
| Suppliers | 440/4 | €54,331 | €8,508 | -€45,824 | -84.3% |
| Taxes, remuneration and social security | 45 | €11,666 | €2,740 | -€8,926 | -76.5% |
| Taxes | 450/3 | €11,666 | €2,740 | -€8,926 | -76.5% |
| Other amounts payable | 47/48 | €8,401 | €7,527 | -€874 | -10.4% |
| Other operating charges | 640/8 | €577 | €762 | +€185 | +32.0% |
| Gross operating margin | 9900 | €11,683 | €11,030 | -€653 | -5.6% |
| Operating profit (loss) | 9901 | €11,106 | €10,268 | -€838 | -7.5% |
| Financial income | 75/76B | €26,066 | €157,490 | +€131,424 | +504% |
| Recurring financial income | 75 | €26,066 | €157,490 | +€131,424 | +504% |
| Financial charges | 65/66B | €0 | - | = | |
| Recurring financial charges | 65 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €37,172 | €167,758 | +€130,586 | +351% |
| Income taxes | 67/77 | €3,458 | €2,740 | -€718 | -20.8% |
| Profit (loss) for the period | 9904 | €33,714 | €165,017 | +€131,304 | +389% |
| Profit (loss) for the period to be appropriated | 9905 | €33,714 | €165,017 | +€131,304 | +389% |
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 15 October 2026 via checked.be.