BELFINITY: 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.
BELFINITY
Largest movements
- Cash +€24,067
up €24,067 (+75.3%), from €31,946 to €56,012
mainly Other debts (+€49,529) and Net result for the year (+€33,111)
- Receivables within one year +€15,114
up €15,114 (+346%), from €4,371 to €19,486
- Tangible fixed assets +€6,507
new in 2025: €6,507
- Deferred charges and accrued income -€2,250
down €2,250 (-83.4%), from €2,698 to €448
- Other debts +€49,529
up €49,529 (+1,913%), from €2,589 to €52,118
- Profit (loss) carried forward -€23,416
down €23,416 (-100%), from €23,416 to €0
- Tax, wage and social debts +€17,154
up €17,154 (+810%), from €2,119 to €19,273
- Gross operating margin +€40,193
up €40,193 (+420%), from €9,565 to €49,757
- Taxes +€7,899
up €7,899 (+255%), from €3,092 to €10,991
- Depreciation +€4,438
new in 2025: €4,438
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 | €39,015 | €82,453 | +€43,438 | +111% |
| Fixed assets | 21/28 | - | €6,507 | +€6,507 | |
| Tangible fixed assets | 22/27 | - | €6,507 | +€6,507 | |
| Furniture and vehicles | 24 | - | €6,507 | +€6,507 | |
| Current assets | 29/58 | €39,015 | €75,946 | +€36,931 | +94.7% |
| Amounts receivable within one year | 40/41 | €4,371 | €19,486 | +€15,114 | +346% |
| Trade receivables | 40 | €4,371 | €19,486 | +€15,114 | +346% |
| Cash at bank and in hand | 54/58 | €31,946 | €56,012 | +€24,067 | +75.3% |
| Deferred charges and accrued income | 490/1 | €2,698 | €448 | -€2,250 | -83.4% |
| Total equity and liabilities | 10/49 | €39,015 | €82,453 | +€43,438 | +111% |
| Equity | 10/15 | €33,416 | €10,000 | -€23,416 | -70.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,416 | €0 | -€23,416 | -100% |
| Amounts payable | 17/49 | €5,599 | €72,453 | +€66,854 | +1,194% |
| Amounts payable within one year | 42/48 | €5,599 | €72,453 | +€66,854 | +1,194% |
| Trade debts | 44 | €891 | €1,062 | +€171 | +19.2% |
| Suppliers | 440/4 | €891 | €1,062 | +€171 | +19.2% |
| Taxes, remuneration and social security | 45 | €2,119 | €19,273 | +€17,154 | +810% |
| Taxes | 450/3 | €2,119 | €19,273 | +€17,154 | +810% |
| Other amounts payable | 47/48 | €2,589 | €52,118 | +€49,529 | +1,913% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,438 | +€4,438 | |
| Other operating charges | 640/8 | €858 | €844 | -€14 | -1.7% |
| Gross operating margin | 9900 | €9,565 | €49,757 | +€40,193 | +420% |
| Operating profit (loss) | 9901 | €8,707 | €44,476 | +€35,769 | +411% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €774 | €376 | -€399 | -51.5% |
| Recurring financial charges | 65 | €774 | €376 | -€399 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €7,932 | €44,102 | +€36,170 | +456% |
| Income taxes | 67/77 | €3,092 | €10,991 | +€7,899 | +255% |
| Profit (loss) for the period | 9904 | €4,840 | €33,111 | +€28,271 | +584% |
| Profit (loss) for the period to be appropriated | 9905 | €4,840 | €33,111 | +€28,271 | +584% |
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 1 November 2026 via checked.be.