BELI & SOL: 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.
BELI & SOL
Largest movements
- Receivables within one year +€31,459
up €31,459 (+112%), from €28,093 to €59,552
of which Trade receivables: +€28,630
- Cash -€30,955
down €30,955 (-53.0%), from €58,387 to €27,432
mainly Receivables within one year (-€31,459) and Contributions, distributions and other (-€13,700)
- Tangible fixed assets -€15,979
down €15,979 (-20.1%), from €79,461 to €63,482
of which Furniture and vehicles: -€13,237
- Reserves -€17,751
down €17,751 (-19.6%), from €90,622 to €72,871
- Other debts +€13,700
up €13,700, from €0 to €13,700
- Debts after one year -€11,920
down €11,920 (-25.8%), from €46,199 to €34,280
- Depreciation +€9,927
up €9,927 (+131%), from €7,598 to €17,525
- Gross operating margin -€8,031
down €8,031 (-34.5%), from €23,263 to €15,232
- Taxes -€4,763
down €4,763 (-94.6%), from €5,033 to €270
- Financial charges +€1,150
up €1,150 (+73.3%), from €1,570 to €2,720
- Financial income -€998
down €998 (-43.8%), from €2,276 to €1,278
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 | €166,071 | €150,597 | -€15,475 | -9.3% |
| Fixed assets | 21/28 | €79,592 | €63,613 | -€15,979 | -20.1% |
| Tangible fixed assets | 22/27 | €79,461 | €63,482 | -€15,979 | -20.1% |
| Land and buildings | 22 | €3,732 | €3,006 | -€727 | -19.5% |
| Plant, machinery and equipment | 23 | €7,984 | €5,969 | -€2,015 | -25.2% |
| Furniture and vehicles | 24 | €67,745 | €54,508 | -€13,237 | -19.5% |
| Financial fixed assets | 28 | €131 | €131 | = | 0.0% |
| Current assets | 29/58 | €86,480 | €86,984 | +€504 | +0.6% |
| Amounts receivable within one year | 40/41 | €28,093 | €59,552 | +€31,459 | +112% |
| Trade receivables | 40 | €7,931 | €36,561 | +€28,630 | +361% |
| Other amounts receivable | 41 | €20,162 | €22,992 | +€2,829 | +14.0% |
| Cash at bank and in hand | 54/58 | €58,387 | €27,432 | -€30,955 | -53.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €166,071 | €150,597 | -€15,475 | -9.3% |
| Equity | 10/15 | €96,822 | €79,071 | -€17,751 | -18.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €90,622 | €72,871 | -€17,751 | -19.6% |
| Distributable reserves | 133 | €90,622 | €72,871 | -€17,751 | -19.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,250 | €71,526 | +€2,276 | +3.3% |
| Amounts payable after more than one year | 17 | €46,199 | €34,280 | -€11,920 | -25.8% |
| Financial debts | 170/4 | €46,199 | €34,280 | -€11,920 | -25.8% |
| Amounts payable within one year | 42/48 | €23,051 | €37,246 | +€14,195 | +61.6% |
| Current portion of amounts payable after more than one year | 42 | €11,441 | €11,920 | +€479 | +4.2% |
| Trade debts | 44 | €2,154 | €3,475 | +€1,321 | +61.3% |
| Suppliers | 440/4 | €2,154 | €3,475 | +€1,321 | +61.3% |
| Taxes, remuneration and social security | 45 | €9,456 | €8,152 | -€1,304 | -13.8% |
| Taxes | 450/3 | €9,456 | €8,152 | -€1,304 | -13.8% |
| Other amounts payable | 47/48 | €0 | €13,700 | +€13,700 | |
| Non-recurring operating income | 76A | €4,250 | €0 | -€4,250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,598 | €17,525 | +€9,927 | +131% |
| Other operating charges | 640/8 | €1,020 | €46 | -€974 | -95.5% |
| Gross operating margin | 9900 | €23,263 | €15,232 | -€8,031 | -34.5% |
| Operating profit (loss) | 9901 | €14,644 | -€2,339 | -€16,984 | |
| Financial income | 75/76B | €2,276 | €1,278 | -€998 | -43.8% |
| Recurring financial income | 75 | €2,276 | €1,278 | -€998 | -43.8% |
| Financial charges | 65/66B | €1,570 | €2,720 | +€1,150 | +73.3% |
| Recurring financial charges | 65 | €1,570 | €2,720 | +€1,150 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | €15,351 | -€3,781 | -€19,131 | |
| Income taxes | 67/77 | €5,033 | €270 | -€4,763 | -94.6% |
| Profit (loss) for the period | 9904 | €10,318 | -€4,051 | -€14,368 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,318 | -€4,051 | -€14,368 |
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 20 October 2026 via checked.be.