BELHA Consulting: 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.
BELHA Consulting
Largest movements
- Current investments -€53,492
down €53,492 (-100.0%), from €53,500 to €8
- Cash +€10,081
up €10,081 (+356%), from €2,835 to €12,917
mainly Current investments (+€53,492) and Trade debts (+€11,708)
- Tangible fixed assets -€5,608
down €5,608 (-5.6%), from €99,557 to €93,949
- Receivables within one year -€2,707
down €2,707 (-41.7%), from €6,490 to €3,783
of which Trade receivables: -€1,968
- Reserves -€55,410
down €55,410 (-64.4%), from €86,065 to €30,655
- Trade debts +€11,708
up €11,708 (+1,765%), from €663 to €12,372
- Debts after one year -€9,059
down €9,059 (-19.9%), from €45,618 to €36,559
- Financial income -€451
down €451 (-73.9%), from €611 to €159
- Financial charges -€302
down €302 (-15.4%), from €1,955 to €1,653
- Other operating charges -€231
down €231 (-23.7%), from €972 to €741
- Gross operating margin -€175
down €175 (-1.4%), from €12,749 to €12,575
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 | €162,382 | €110,829 | -€51,552 | -31.7% |
| Fixed assets | 21/28 | €99,557 | €93,949 | -€5,608 | -5.6% |
| Tangible fixed assets | 22/27 | €99,557 | €93,949 | -€5,608 | -5.6% |
| Land and buildings | 22 | €80,766 | €78,517 | -€2,250 | -2.8% |
| Plant, machinery and equipment | 23 | €16,219 | €13,613 | -€2,606 | -16.1% |
| Furniture and vehicles | 24 | €2,571 | €1,819 | -€752 | -29.2% |
| Current assets | 29/58 | €62,825 | €16,881 | -€45,945 | -73.1% |
| Amounts receivable within one year | 40/41 | €6,490 | €3,783 | -€2,707 | -41.7% |
| Trade receivables | 40 | €5,751 | €3,783 | -€1,968 | -34.2% |
| Other amounts receivable | 41 | €739 | - | -€739 | |
| Current investments | 50/53 | €53,500 | €8 | -€53,492 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,835 | €12,917 | +€10,081 | +356% |
| Deferred charges and accrued income | 490/1 | - | €173 | +€173 | |
| Total equity and liabilities | 10/49 | €162,382 | €110,829 | -€51,552 | -31.7% |
| Equity | 10/15 | €104,717 | €49,313 | -€55,404 | -52.9% |
| Contributions | 10/11 | €18,650 | €18,650 | = | 0.0% |
| Reserves | 13 | €86,065 | €30,655 | -€55,410 | -64.4% |
| Distributable reserves | 133 | €86,065 | €30,655 | -€55,410 | -64.4% |
| Profit (loss) carried forward | 14 | €2 | €8 | +€6 | +360% |
| Amounts payable | 17/49 | €57,665 | €61,517 | +€3,852 | +6.7% |
| Amounts payable after more than one year | 17 | €45,618 | €36,559 | -€9,059 | -19.9% |
| Financial debts | 170/4 | €45,618 | €36,559 | -€9,059 | -19.9% |
| Amounts payable within one year | 42/48 | €12,047 | €24,958 | +€12,910 | +107% |
| Current portion of amounts payable after more than one year | 42 | €8,949 | €9,059 | +€110 | +1.2% |
| Trade debts | 44 | €663 | €12,372 | +€11,708 | +1,765% |
| Suppliers | 440/4 | €663 | €12,372 | +€11,708 | +1,765% |
| Taxes, remuneration and social security | 45 | €2,335 | €3,468 | +€1,134 | +48.6% |
| Taxes | 450/3 | €2,335 | €3,468 | +€1,134 | +48.6% |
| Other amounts payable | 47/48 | €100 | €59 | -€41 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,608 | €5,608 | = | 0.0% |
| Other operating charges | 640/8 | €972 | €741 | -€231 | -23.7% |
| Gross operating margin | 9900 | €12,749 | €12,575 | -€175 | -1.4% |
| Operating profit (loss) | 9901 | €6,169 | €6,225 | +€56 | +0.9% |
| Financial income | 75/76B | €611 | €159 | -€451 | -73.9% |
| Recurring financial income | 75 | €611 | €159 | -€451 | -73.9% |
| Financial charges | 65/66B | €1,955 | €1,653 | -€302 | -15.4% |
| Recurring financial charges | 65 | €1,955 | €1,653 | -€302 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €4,825 | €4,731 | -€94 | -1.9% |
| Income taxes | 67/77 | €1,469 | €1,596 | +€126 | +8.6% |
| Profit (loss) for the period | 9904 | €3,356 | €3,136 | -€220 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,356 | €3,136 | -€220 | -6.6% |
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 19 October 2026 via checked.be.