BELHOPE CONSULTING: what changed
BELHOPE CONSULTING
Largest movements
- Receivables within one year +€314,235
up €314,235 (+123%), from €256,092 to €570,327
of which Other amounts receivable: +€223,588
- Cash -€15,528
down €15,528 (-17.7%), from €87,810 to €72,283
mainly Receivables within one year (-€314,235) and Investment in fixed assets (net) (-€29,500)
- Stocks and contracts +€11,959
new in 2025: €11,959
- Tangible fixed assets +€10,376
up €10,376 (+5.1%), from €203,629 to €214,004
of which Furniture and vehicles: +€15,331
- Reserves +€300,000
up €300,000 (+147%), from €204,350 to €504,350
of which Distributable reserves: +€300,000
- Tax, wage and social debts +€18,738
up €18,738 (+85.5%), from €21,927 to €40,665
of which Taxes: +€21,171
- Profit (loss) carried forward +€17,568
up €17,568 (+13.2%), from €133,076 to €150,644
- Trade debts -€8,954
down €8,954 (-77.8%), from €11,504 to €2,550
- Gross operating margin +€201,550
up €201,550 (+52.9%), from €381,143 to €582,693
- Taxes +€59,059
up €59,059 (+63.7%), from €92,766 to €151,825
- Write-downs +€41,390
new in 2025: €41,390
- Financial income +€9,944
up €9,944 (+173%), from €5,733 to €15,677
- Staff costs -€9,187
down €9,187 (-13.4%), from €68,694 to €59,507
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €547,770 | €868,850 | +€321,080 | +58.6% |
| Fixed assets | 21/28 | €203,629 | €214,004 | +€10,376 | +5.1% |
| Tangible fixed assets | 22/27 | €203,629 | €214,004 | +€10,376 | +5.1% |
| Land and buildings | 22 | €145,361 | €140,406 | -€4,955 | -3.4% |
| Furniture and vehicles | 24 | €58,268 | €73,598 | +€15,331 | +26.3% |
| Current assets | 29/58 | €344,141 | €654,846 | +€310,705 | +90.3% |
| Stocks and contracts in progress | 3 | - | €11,959 | +€11,959 | |
| Stocks | 30/36 | - | €11,959 | +€11,959 | |
| Amounts receivable within one year | 40/41 | €256,092 | €570,327 | +€314,235 | +123% |
| Trade receivables | 40 | €5,780 | €96,427 | +€90,647 | +1,568% |
| Other amounts receivable | 41 | €250,312 | €473,900 | +€223,588 | +89.3% |
| Cash at bank and in hand | 54/58 | €87,810 | €72,283 | -€15,528 | -17.7% |
| Deferred charges and accrued income | 490/1 | €239 | €277 | +€38 | +15.9% |
| Total equity and liabilities | 10/49 | €547,770 | €868,850 | +€321,080 | +58.6% |
| Equity | 10/15 | €381,026 | €698,594 | +€317,568 | +83.3% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €204,350 | €504,350 | +€300,000 | +147% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €204,350 | €504,350 | +€300,000 | +147% |
| Profit (loss) carried forward | 14 | €133,076 | €150,644 | +€17,568 | +13.2% |
| Amounts payable | 17/49 | €166,744 | €170,256 | +€3,512 | +2.1% |
| Amounts payable after more than one year | 17 | €89,156 | €82,447 | -€6,709 | -7.5% |
| Financial debts | 170/4 | €89,156 | €82,447 | -€6,709 | -7.5% |
| Amounts payable within one year | 42/48 | €77,588 | €87,809 | +€10,221 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €44,158 | €44,594 | +€436 | +1.0% |
| Trade debts | 44 | €11,504 | €2,550 | -€8,954 | -77.8% |
| Suppliers | 440/4 | €11,504 | €2,550 | -€8,954 | -77.8% |
| Taxes, remuneration and social security | 45 | €21,927 | €40,665 | +€18,738 | +85.5% |
| Taxes | 450/3 | €12,126 | €33,296 | +€21,171 | +175% |
| Remuneration and social security | 454/9 | €9,801 | €7,369 | -€2,432 | -24.8% |
| Remuneration, social security and pensions | 62 | €68,694 | €59,507 | -€9,187 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,472 | €19,125 | +€6,653 | +53.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €41,390 | +€41,390 | |
| Other operating charges | 640/8 | €7,164 | €3,769 | -€3,395 | -47.4% |
| Gross operating margin | 9900 | €381,143 | €582,693 | +€201,550 | +52.9% |
| Operating profit (loss) | 9901 | €292,813 | €458,903 | +€166,089 | +56.7% |
| Financial income | 75/76B | €5,733 | €15,677 | +€9,944 | +173% |
| Recurring financial income | 75 | €5,733 | €15,677 | +€9,944 | +173% |
| Financial charges | 65/66B | €4,457 | €5,187 | +€729 | +16.4% |
| Recurring financial charges | 65 | €4,457 | €5,187 | +€729 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €294,089 | €469,393 | +€175,304 | +59.6% |
| Income taxes | 67/77 | €92,766 | €151,825 | +€59,059 | +63.7% |
| Profit (loss) for the period | 9904 | €201,324 | €317,568 | +€116,245 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €201,324 | €317,568 | +€116,245 | +57.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.