Belimmo: 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.
Belimmo
Largest movements
- Cash +€234,499
up €234,499 (+12.7%), from €1.9m to €2.1m
mainly Net result for the year (+€158,108) and Tax, wage and social debts (+€65,022)
- Tangible fixed assets -€38,612
down €38,612 (-4.6%), from €847,035 to €808,423
of which Land and buildings: -€40,263
- Reserves +€158,108
up €158,108 (+9.1%), from €1.7m to €1.9m
of which Distributable reserves: +€158,108
- Tax, wage and social debts +€65,022
new in 2025: €65,022
- Turnover -€557,846
no longer reported in 2025 (was €557,846)
- Purchases and services -€176,486
no longer reported in 2025 (was €176,486)
- Taxes +€100,630
up €100,630 (+211.7%), from €47,528 to €148,159
- Financial income -€24,238
down €24,238 (-47.4%), from €51,172 to €26,935
- Staff costs -€11,956
down €11,956 (-31.5%), from €37,972 to €26,016
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 | €3,417,643 | €3,623,575 | +€205,932 | +6.0% |
| Fixed assets | 21/28 | €1,561,720 | €1,523,108 | -€38,612 | -2.5% |
| Tangible fixed assets | 22/27 | €847,035 | €808,423 | -€38,612 | -4.6% |
| Land and buildings | 22 | €846,310 | €806,047 | -€40,263 | -4.8% |
| Furniture and vehicles | 24 | €725 | €2,376 | +€1,651 | +227.6% |
| Financial fixed assets | 28 | €714,685 | €714,685 | = | 0.0% |
| Current assets | 29/58 | €1,855,923 | €2,100,467 | +€244,545 | +13.2% |
| Amounts receivable within one year | 40/41 | €4,645 | €13,680 | +€9,035 | +194.5% |
| Trade receivables | 40 | €1,924 | €11,835 | +€9,911 | +515.1% |
| Other amounts receivable | 41 | €2,721 | €1,845 | -€876 | -32.2% |
| Cash at bank and in hand | 54/58 | €1,851,278 | €2,085,776 | +€234,499 | +12.7% |
| Deferred charges and accrued income | 490/1 | - | €1,011 | +€1,011 | |
| Total equity and liabilities | 10/49 | €3,417,643 | €3,623,575 | +€205,932 | +6.0% |
| Equity | 10/15 | €3,333,422 | €3,491,530 | +€158,108 | +4.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,735,790 | €1,893,897 | +€158,108 | +9.1% |
| Non-distributable reserves | 130/1 | €6,445 | €6,445 | = | 0.0% |
| Legal reserve | 130 | €6,445 | €6,445 | = | 0.0% |
| Distributable reserves | 133 | €1,729,345 | €1,887,452 | +€158,108 | +9.1% |
| Profit (loss) carried forward | 14 | €1,535,632 | €1,535,632 | = | 0.0% |
| Amounts payable | 17/49 | €84,221 | €132,046 | +€47,824 | +56.8% |
| Amounts payable within one year | 42/48 | €84,221 | €132,046 | +€47,824 | +56.8% |
| Financial debts | 43 | €7,500 | €7,500 | = | 0.0% |
| Credit institutions | 430/8 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €10,613 | €6,861 | -€3,752 | -35.4% |
| Suppliers | 440/4 | €10,613 | €6,861 | -€3,752 | -35.4% |
| Taxes, remuneration and social security | 45 | - | €65,022 | +€65,022 | |
| Taxes | 450/3 | - | €65,022 | +€65,022 | |
| Other amounts payable | 47/48 | €66,108 | €52,663 | -€13,445 | -20.3% |
| Turnover | 70 | €557,846 | - | -€557,846 | |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Goods, raw materials, services and sundry goods | 60/61 | €176,486 | - | -€176,486 | |
| Remuneration, social security and pensions | 62 | €37,972 | €26,016 | -€11,956 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,296 | €41,062 | +€3,766 | +10.1% |
| Other operating charges | 640/8 | €27,075 | €28,363 | +€1,288 | +4.8% |
| Gross operating margin | 9900 | €381,360 | €376,886 | -€4,474 | -1.2% |
| Operating profit (loss) | 9901 | €279,017 | €281,445 | +€2,428 | +0.9% |
| Financial income | 75/76B | €51,172 | €26,935 | -€24,238 | -47.4% |
| Recurring financial income | 75 | €51,172 | €26,935 | -€24,238 | -47.4% |
| Financial charges | 65/66B | €2,059 | €2,114 | +€55 | +2.6% |
| Recurring financial charges | 65 | €2,059 | €2,114 | +€55 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €328,130 | €306,266 | -€21,864 | -6.7% |
| Income taxes | 67/77 | €47,528 | €148,159 | +€100,630 | +211.7% |
| Profit (loss) for the period | 9904 | €280,602 | €158,108 | -€122,494 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €280,602 | €158,108 | -€122,494 | -43.7% |
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.