Belgytra: 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.
Belgytra
Largest movements
- Cash -€16,068
down €16,068 (-95.0%), from €16,907 to €839
mainly Net result for the year (-€43,337) and Investment in fixed assets (net) (-€4,573)
- Deferred charges and accrued income -€2,055
down €2,055 (-44.0%), from €4,673 to €2,618
- Tangible fixed assets +€1,359
up €1,359 (+12.2%), from €11,122 to €12,482
of which Furniture and vehicles: +€2,815
- Receivables within one year -€991
down €991 (-3.0%), from €33,483 to €32,492
of which Other amounts receivable: -€8,672
- Intangible fixed assets -€743
down €743 (-85.7%), from €867 to €124
- Profit (loss) carried forward -€43,337
down €43,337 (-234%), from -€18,538 to -€61,875
- Current portion of long-term debt +€17,500
up €17,500 (+70.0%), from €25,000 to €42,500
- Trade debts +€10,749
up €10,749 (+142%), from €7,549 to €18,297
- Tax, wage and social debts -€3,608
down €3,608 (-100%), from €3,608 to €0
of which Taxes: -€2,532
- Gross operating margin -€80,815
down €80,815, from €45,777 to -€35,038
- Taxes -€12,420
down €12,420 (-99.1%), from €12,537 to €118
- Depreciation +€1,849
up €1,849 (+87.7%), from €2,108 to €3,957
- Financial charges -€1,139
down €1,139 (-25.6%), from €4,453 to €3,314
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 | €67,052 | €48,555 | -€18,498 | -27.6% |
| Fixed assets | 21/28 | €11,989 | €12,605 | +€616 | +5.1% |
| Intangible fixed assets | 21 | €867 | €124 | -€743 | -85.7% |
| Tangible fixed assets | 22/27 | €11,122 | €12,482 | +€1,359 | +12.2% |
| Plant, machinery and equipment | 23 | €2,513 | €1,635 | -€877 | -34.9% |
| Furniture and vehicles | 24 | €2,758 | €5,573 | +€2,815 | +102% |
| Other tangible fixed assets | 26 | €5,851 | €5,273 | -€579 | -9.9% |
| Current assets | 29/58 | €55,063 | €35,949 | -€19,114 | -34.7% |
| Amounts receivable within one year | 40/41 | €33,483 | €32,492 | -€991 | -3.0% |
| Trade receivables | 40 | €11,547 | €19,228 | +€7,681 | +66.5% |
| Other amounts receivable | 41 | €21,936 | €13,264 | -€8,672 | -39.5% |
| Cash at bank and in hand | 54/58 | €16,907 | €839 | -€16,068 | -95.0% |
| Deferred charges and accrued income | 490/1 | €4,673 | €2,618 | -€2,055 | -44.0% |
| Total equity and liabilities | 10/49 | €67,052 | €48,555 | -€18,498 | -27.6% |
| Equity | 10/15 | €30,198 | -€13,139 | -€43,337 | |
| Contributions | 10/11 | €42,156 | €42,156 | = | 0.0% |
| Reserves | 13 | €6,580 | €6,580 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €80 | €80 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,538 | -€61,875 | -€43,337 | -234% |
| Amounts payable | 17/49 | €36,854 | €61,694 | +€24,840 | +67.4% |
| Amounts payable within one year | 42/48 | €36,157 | €60,797 | +€24,641 | +68.1% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €42,500 | +€17,500 | +70.0% |
| Trade debts | 44 | €7,549 | €18,297 | +€10,749 | +142% |
| Suppliers | 440/4 | €7,549 | €18,297 | +€10,749 | +142% |
| Taxes, remuneration and social security | 45 | €3,608 | €0 | -€3,608 | -100% |
| Taxes | 450/3 | €2,532 | €0 | -€2,532 | -100% |
| Remuneration and social security | 454/9 | €1,076 | €0 | -€1,076 | -100% |
| Accrued charges and deferred income | 492/3 | €697 | €896 | +€199 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,108 | €3,957 | +€1,849 | +87.7% |
| Other operating charges | 640/8 | €1,029 | €912 | -€117 | -11.4% |
| Gross operating margin | 9900 | €45,777 | -€35,038 | -€80,815 | |
| Operating profit (loss) | 9901 | €42,639 | -€39,908 | -€82,547 | |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €4,453 | €3,314 | -€1,139 | -25.6% |
| Recurring financial charges | 65 | €4,453 | €3,314 | -€1,139 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €38,186 | -€43,219 | -€81,406 | |
| Income taxes | 67/77 | €12,537 | €118 | -€12,420 | -99.1% |
| Profit (loss) for the period | 9904 | €25,649 | -€43,337 | -€68,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,649 | -€43,337 | -€68,986 |
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 27 October 2026 via checked.be.