BELIDENT: 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.
BELIDENT
Largest movements
- Current investments -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Intangible fixed assets -€51,000
down €51,000 (-22.2%), from €229,427 to €178,427
- Cash +€26,760
up €26,760 (+25.2%), from €106,019 to €132,778
mainly Current investments (+€250,000) and Net result for the year (+€230,044)
- Tangible fixed assets +€16,105
up €16,105 (+3.7%), from €439,481 to €455,585
of which Furniture and vehicles: +€18,053
- Other debts -€112,612
down €112,612 (-34.9%), from €322,222 to €209,610
- Debts after one year -€64,700
down €64,700 (-45.1%), from €143,434 to €78,734
- Tax, wage and social debts -€26,487
down €26,487 (-63.0%), from €42,030 to €15,543
of which Taxes: -€38,471
- Trade debts -€19,163
down €19,163 (-33.2%), from €57,749 to €38,586
- Advances received -€16,033
down €16,033 (-59.9%), from €26,768 to €10,735
- Gross operating margin +€19,065
up €19,065 (+3.6%), from €533,563 to €552,628
- Financial charges -€10,699
down €10,699 (-47.7%), from €22,416 to €11,716
- Depreciation +€8,579
up €8,579 (+7.2%), from €119,070 to €127,649
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 | €1,041,224 | €788,821 | -€252,402 | -24.2% |
| Fixed assets | 21/28 | €668,907 | €634,012 | -€34,895 | -5.2% |
| Intangible fixed assets | 21 | €229,427 | €178,427 | -€51,000 | -22.2% |
| Tangible fixed assets | 22/27 | €439,481 | €455,585 | +€16,105 | +3.7% |
| Land and buildings | 22 | €350,376 | €346,130 | -€4,246 | -1.2% |
| Plant, machinery and equipment | 23 | €72,823 | €75,120 | +€2,298 | +3.2% |
| Furniture and vehicles | 24 | €16,282 | €34,335 | +€18,053 | +110.9% |
| Current assets | 29/58 | €372,316 | €154,809 | -€217,507 | -58.4% |
| Amounts receivable within one year | 40/41 | €1,987 | €11,753 | +€9,765 | +491.4% |
| Trade receivables | 40 | €315 | €0 | -€315 | -100.0% |
| Other amounts receivable | 41 | €1,672 | €11,753 | +€10,080 | +602.8% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €106,019 | €132,778 | +€26,760 | +25.2% |
| Deferred charges and accrued income | 490/1 | €14,310 | €10,278 | -€4,032 | -28.2% |
| Total equity and liabilities | 10/49 | €1,041,224 | €788,821 | -€252,402 | -24.2% |
| Equity | 10/15 | €370,560 | €370,604 | +€44 | 0.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €364,560 | €364,560 | = | 0.0% |
| Distributable reserves | 133 | €364,560 | €364,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €44 | +€44 | |
| Amounts payable | 17/49 | €670,664 | €418,217 | -€252,447 | -37.6% |
| Amounts payable after more than one year | 17 | €143,434 | €78,734 | -€64,700 | -45.1% |
| Financial debts | 170/4 | €143,434 | €78,734 | -€64,700 | -45.1% |
| Amounts payable within one year | 42/48 | €527,164 | €339,175 | -€187,990 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €78,395 | €64,700 | -€13,695 | -17.5% |
| Trade debts | 44 | €57,749 | €38,586 | -€19,163 | -33.2% |
| Suppliers | 440/4 | €57,749 | €38,586 | -€19,163 | -33.2% |
| Advances received on contracts in progress | 46 | €26,768 | €10,735 | -€16,033 | -59.9% |
| Taxes, remuneration and social security | 45 | €42,030 | €15,543 | -€26,487 | -63.0% |
| Taxes | 450/3 | €42,030 | €3,559 | -€38,471 | -91.5% |
| Remuneration and social security | 454/9 | - | €11,984 | +€11,984 | |
| Other amounts payable | 47/48 | €322,222 | €209,610 | -€112,612 | -34.9% |
| Accrued charges and deferred income | 492/3 | €65 | €308 | +€243 | +372.8% |
| Remuneration, social security and pensions | 62 | €106,244 | €109,858 | +€3,615 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,070 | €127,649 | +€8,579 | +7.2% |
| Other operating charges | 640/8 | €4,460 | €4,773 | +€312 | +7.0% |
| Gross operating margin | 9900 | €533,563 | €552,628 | +€19,065 | +3.6% |
| Operating profit (loss) | 9901 | €303,789 | €310,348 | +€6,559 | +2.2% |
| Financial income | 75/76B | €4,812 | €2,696 | -€2,116 | -44.0% |
| Recurring financial income | 75 | €4,812 | €2,696 | -€2,116 | -44.0% |
| Financial charges | 65/66B | €22,416 | €11,716 | -€10,699 | -47.7% |
| Recurring financial charges | 65 | €22,416 | €11,716 | -€10,699 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €286,186 | €301,328 | +€15,142 | +5.3% |
| Income taxes | 67/77 | €66,968 | €71,284 | +€4,316 | +6.4% |
| Profit (loss) for the period | 9904 | €219,218 | €230,044 | +€10,826 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €219,218 | €230,044 | +€10,826 | +4.9% |
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 3 October 2026 via checked.be.