BELI TECH: what changed
Two fiscal 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 TECH
Largest movements
- Current investments -€3.7m
down €3.7m (-73.0%), from €5.1m to €1.4m
- Financial fixed assets -€2.9m
down €2.9m (-53.9%), from €5.4m to €2.5m
- Receivables after one year +€2.0m
up €2.0m (+47.7%), from €4.1m to €6.1m
- Cash -€486,543
down €486,543 (-38.2%), from €1.3m to €788,473
mainly Other debts (-€5.3m) and Receivables after one year (-€2.0m)
- Tangible fixed assets +€456,486
up €456,486 (+27.8%), from €1.6m to €2.1m
of which Land and buildings: +€456,481
- Other debts -€5.3m
down €5.3m (-98.6%), from €5.4m to €77,317
- Debts after one year +€796,449
up €796,449 (+305.2%), from €260,925 to €1.1m
- Tax, wage and social debts -€302,355
down €302,355 (-97.5%), from €310,179 to €7,824
of which Taxes: -€288,605
- Financial income -€9.0m
down €9.0m (-95.0%), from €9.5m to €473,410
- Taxes -€238,965
down €238,965 (-77.5%), from €308,263 to €69,298
- Gross operating margin -€115,511
down €115,511, from €10,033 to -€105,479
- Financial charges +€67,810
up €67,810 (+564.3%), from €12,017 to €79,828
- Depreciation +€30,459
up €30,459 (+55.2%), from €55,136 to €85,594
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 | €18,888,333 | €14,172,140 | -€4.7m | -25.0% |
| Fixed assets | 21/28 | €6,991,866 | €4,567,116 | -€2.4m | -34.7% |
| Tangible fixed assets | 22/27 | €1,641,866 | €2,098,353 | +€456,486 | +27.8% |
| Land and buildings | 22 | €1,570,964 | €2,027,445 | +€456,481 | +29.1% |
| Plant, machinery and equipment | 23 | €3,201 | €4,462 | +€1,261 | +39.4% |
| Furniture and vehicles | 24 | €5,201 | €3,945 | -€1,256 | -24.1% |
| Other tangible fixed assets | 26 | €62,500 | €62,500 | = | 0.0% |
| Financial fixed assets | 28 | €5,350,000 | €2,468,763 | -€2.9m | -53.9% |
| Current assets | 29/58 | €11,896,467 | €9,605,024 | -€2.3m | -19.3% |
| Amounts receivable after more than one year | 29 | €4,149,370 | €6,126,910 | +€2.0m | +47.7% |
| Other amounts receivable | 291 | €4,149,370 | €6,126,910 | +€2.0m | +47.7% |
| Amounts receivable within one year | 40/41 | €1,367,555 | €1,295,679 | -€71,875 | -5.3% |
| Trade receivables | 40 | €67,061 | €44,452 | -€22,610 | -33.7% |
| Other amounts receivable | 41 | €1,300,493 | €1,251,228 | -€49,265 | -3.8% |
| Current investments | 50/53 | €5,100,000 | €1,378,445 | -€3.7m | -73.0% |
| Cash at bank and in hand | 54/58 | €1,275,016 | €788,473 | -€486,543 | -38.2% |
| Deferred charges and accrued income | 490/1 | €4,525 | €15,515 | +€10,990 | +242.9% |
| Total equity and liabilities | 10/49 | €18,888,333 | €14,172,140 | -€4.7m | -25.0% |
| Equity | 10/15 | €12,775,698 | €12,817,228 | +€41,531 | +0.3% |
| Contributions | 10/11 | €3,467 | €3,467 | = | 0.0% |
| Reserves | 13 | €12,684,732 | €12,726,263 | +€41,531 | +0.3% |
| Distributable reserves | 133 | €12,684,732 | €12,726,263 | +€41,531 | +0.3% |
| Profit (loss) carried forward | 14 | €87,498 | €87,498 | = | 0.0% |
| Amounts payable | 17/49 | €6,112,635 | €1,354,911 | -€4.8m | -77.8% |
| Amounts payable after more than one year | 17 | €260,925 | €1,057,373 | +€796,449 | +305.2% |
| Financial debts | 170/4 | €260,925 | €1,057,373 | +€796,449 | +305.2% |
| Amounts payable within one year | 42/48 | €5,851,218 | €297,043 | -€5.6m | -94.9% |
| Current portion of amounts payable after more than one year | 42 | €103,496 | €133,334 | +€29,838 | +28.8% |
| Trade debts | 44 | €41,216 | €78,568 | +€37,352 | +90.6% |
| Suppliers | 440/4 | €41,216 | €78,568 | +€37,352 | +90.6% |
| Taxes, remuneration and social security | 45 | €310,179 | €7,824 | -€302,355 | -97.5% |
| Taxes | 450/3 | €296,429 | €7,824 | -€288,605 | -97.4% |
| Remuneration and social security | 454/9 | €13,750 | - | -€13,750 | |
| Other amounts payable | 47/48 | €5,396,327 | €77,317 | -€5.3m | -98.6% |
| Accrued charges and deferred income | 492/3 | €493 | €494 | +€1 | +0.3% |
| Non-recurring operating income | 76A | - | €55,386 | +€55,386 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,136 | €85,594 | +€30,459 | +55.2% |
| Other operating charges | 640/8 | €7,153 | €10,294 | +€3,141 | +43.9% |
| Non-recurring operating charges | 66A | €122,258 | - | -€122,258 | |
| Gross operating margin | 9900 | €10,033 | -€105,479 | -€115,511 | |
| Operating profit (loss) | 9901 | -€174,514 | -€201,367 | -€26,853 | -15.4% |
| Financial income | 75/76B | €9,497,674 | €473,410 | -€9.0m | -95.0% |
| Recurring financial income | 75 | €9,497,674 | €473,410 | -€9.0m | -95.0% |
| Financial charges | 65/66B | €12,017 | €79,828 | +€67,810 | +564.3% |
| Recurring financial charges | 65 | €12,017 | €79,828 | +€67,810 | +564.3% |
| Profit (loss) for the period before taxes | 9903 | €9,311,144 | €192,215 | -€9.1m | -97.9% |
| Income taxes | 67/77 | €308,263 | €69,298 | -€238,965 | -77.5% |
| Profit (loss) for the period | 9904 | €9,002,880 | €122,917 | -€8.9m | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,002,880 | €122,917 | -€8.9m | -98.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.