BELGALEIRO: 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.
BELGALEIRO
Largest movements
- Cash -€8,360
down €8,360 (-58.1%), from €14,381 to €6,020
mainly Trade debts (-€10,192) and Stocks and contracts (-€3,459)
- Stocks and contracts +€3,459
up €3,459 (+902%), from €383 to €3,842
- Receivables within one year +€1,976
new in 2025: €1,976
- Tangible fixed assets -€1,835
down €1,835 (-20.7%), from €8,853 to €7,017
of which Other tangible fixed assets: -€4,003
- Intangible fixed assets -€1,000
down €1,000 (-11.8%), from €8,500 to €7,500
- Trade debts -€10,192
down €10,192 (-78.8%), from €12,937 to €2,746
- Other debts +€4,825
up €4,825 (+45.1%), from €10,703 to €15,528
- Tax, wage and social debts -€2,542
down €2,542 (-88.6%), from €2,870 to €327
- Profit (loss) carried forward +€2,148
up €2,148 (+31.1%), from -€6,906 to -€4,759
- Gross operating margin -€11,588
down €11,588 (-55.7%), from €20,811 to €9,224
- Other operating charges +€566
up €566 (+72.6%), from €779 to €1,345
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 | €32,117 | €26,355 | -€5,762 | -17.9% |
| Fixed assets | 21/28 | €17,353 | €14,517 | -€2,835 | -16.3% |
| Intangible fixed assets | 21 | €8,500 | €7,500 | -€1,000 | -11.8% |
| Tangible fixed assets | 22/27 | €8,853 | €7,017 | -€1,835 | -20.7% |
| Plant, machinery and equipment | 23 | €190 | €2,358 | +€2,167 | +1,139% |
| Other tangible fixed assets | 26 | €8,663 | €4,660 | -€4,003 | -46.2% |
| Current assets | 29/58 | €14,764 | €11,837 | -€2,926 | -19.8% |
| Stocks and contracts in progress | 3 | €383 | €3,842 | +€3,459 | +902% |
| Stocks | 30/36 | €383 | €3,842 | +€3,459 | +902% |
| Amounts receivable within one year | 40/41 | - | €1,976 | +€1,976 | |
| Other amounts receivable | 41 | - | €1,976 | +€1,976 | |
| Cash at bank and in hand | 54/58 | €14,381 | €6,020 | -€8,360 | -58.1% |
| Total equity and liabilities | 10/49 | €32,117 | €26,355 | -€5,762 | -17.9% |
| Equity | 10/15 | €5,606 | €7,754 | +€2,148 | +38.3% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €6,112 | €6,112 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,252 | €4,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,906 | -€4,759 | +€2,148 | +31.1% |
| Amounts payable | 17/49 | €26,511 | €18,601 | -€7,909 | -29.8% |
| Amounts payable within one year | 42/48 | €26,511 | €18,601 | -€7,909 | -29.8% |
| Trade debts | 44 | €12,937 | €2,746 | -€10,192 | -78.8% |
| Suppliers | 440/4 | €12,937 | €2,746 | -€10,192 | -78.8% |
| Taxes, remuneration and social security | 45 | €2,870 | €327 | -€2,542 | -88.6% |
| Taxes | 450/3 | €2,870 | €327 | -€2,542 | -88.6% |
| Other amounts payable | 47/48 | €10,703 | €15,528 | +€4,825 | +45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,080 | €5,217 | +€137 | +2.7% |
| Other operating charges | 640/8 | €779 | €1,345 | +€566 | +72.6% |
| Gross operating margin | 9900 | €20,811 | €9,224 | -€11,588 | -55.7% |
| Operating profit (loss) | 9901 | €14,952 | €2,662 | -€12,290 | -82.2% |
| Financial income | 75/76B | €16 | €19 | +€4 | +22.7% |
| Recurring financial income | 75 | €16 | €19 | +€4 | +22.7% |
| Financial charges | 65/66B | €398 | €365 | -€32 | -8.1% |
| Recurring financial charges | 65 | €398 | €365 | -€32 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €14,570 | €2,315 | -€12,255 | -84.1% |
| Income taxes | 67/77 | €164 | €168 | +€4 | +2.3% |
| Profit (loss) for the period | 9904 | €14,406 | €2,148 | -€12,258 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,406 | €2,148 | -€12,258 | -85.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.