BELHABIT: 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.
BELHABIT
Largest movements
- Cash -€7,248
down €7,248 (-70.3%), from €10,313 to €3,065
mainly Tax, wage and social debts (-€9,630) and Debts after one year (-€8,961)
- Tangible fixed assets -€3,871
down €3,871 (-21.2%), from €18,286 to €14,415
of which Furniture and vehicles: -€4,978
- Tax, wage and social debts -€9,630
down €9,630 (-81.7%), from €11,790 to €2,160
of which Remuneration and social security: -€8,000
- Debts after one year -€8,961
down €8,961 (-10.6%), from €84,606 to €75,644
of which Other amounts payable: -€4,800
- Other debts +€8,244
up €8,244 (+150.8%), from €5,466 to €13,710
- Gross operating margin +€38,460
up €38,460, from -€31,936 to €6,524
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.
Cash bridge derived
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 | €115,788 | €104,745 | -€11,043 | -9.5% |
| Fixed assets | 21/28 | €18,286 | €14,415 | -€3,871 | -21.2% |
| Tangible fixed assets | 22/27 | €18,286 | €14,415 | -€3,871 | -21.2% |
| Land and buildings | 22 | €2,693 | €2,020 | -€673 | -25.0% |
| Plant, machinery and equipment | 23 | - | €3,952 | +€3,952 | |
| Furniture and vehicles | 24 | €13,420 | €8,442 | -€4,978 | -37.1% |
| Assets under construction and advance payments | 27 | €2,172 | - | -€2,172 | |
| Current assets | 29/58 | €97,503 | €90,331 | -€7,172 | -7.4% |
| Stocks and contracts in progress | 3 | €87,190 | €87,265 | +€76 | +0.1% |
| Stocks | 30/36 | €87,190 | €87,265 | +€76 | +0.1% |
| Cash at bank and in hand | 54/58 | €10,313 | €3,065 | -€7,248 | -70.3% |
| Total equity and liabilities | 10/49 | €115,788 | €104,745 | -€11,043 | -9.5% |
| Equity | 10/15 | €7,474 | €6,549 | -€925 | -12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,035 | €3,035 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,035 | €3,035 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,761 | -€2,686 | -€925 | -52.5% |
| Amounts payable | 17/49 | €108,314 | €98,196 | -€10,118 | -9.3% |
| Amounts payable after more than one year | 17 | €84,606 | €75,644 | -€8,961 | -10.6% |
| Financial debts | 170/4 | €7,372 | €3,211 | -€4,161 | -56.4% |
| Other amounts payable | 178/9 | €77,234 | €72,434 | -€4,800 | -6.2% |
| Amounts payable within one year | 42/48 | €23,709 | €22,551 | -€1,157 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €4,028 | €4,161 | +€133 | +3.3% |
| Trade debts | 44 | €2,424 | €2,520 | +€96 | +3.9% |
| Suppliers | 440/4 | €2,424 | €2,520 | +€96 | +3.9% |
| Taxes, remuneration and social security | 45 | €11,790 | €2,160 | -€9,630 | -81.7% |
| Taxes | 450/3 | €3,790 | €2,160 | -€1,630 | -43.0% |
| Remuneration and social security | 454/9 | €8,000 | - | -€8,000 | |
| Other amounts payable | 47/48 | €5,466 | €13,710 | +€8,244 | +150.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,818 | €6,043 | +€225 | +3.9% |
| Other operating charges | 640/8 | €270 | €279 | +€9 | +3.2% |
| Gross operating margin | 9900 | -€31,936 | €6,524 | +€38,460 | |
| Operating profit (loss) | 9901 | -€38,024 | €203 | +€38,227 | |
| Financial income | 75/76B | €240 | - | -€240 | |
| Recurring financial income | 75 | €240 | - | -€240 | |
| Financial charges | 65/66B | €1,256 | €975 | -€281 | -22.4% |
| Recurring financial charges | 65 | €1,256 | €975 | -€281 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€39,040 | -€772 | +€38,268 | +98.0% |
| Income taxes | 67/77 | €147 | €153 | +€6 | +3.8% |
| Profit (loss) for the period | 9904 | -€39,187 | -€925 | +€38,262 | +97.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,187 | -€925 | +€38,262 | +97.6% |
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 10 October 2026 via checked.be.