BELIMMO: 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.
BELIMMO
Largest movements
- Tangible fixed assets +€255,130
up €255,130 (+33.6%), from €760,172 to €1.0m
of which Land and buildings: +€254,421
- Other debts +€393,076
up €393,076 (+92.1%), from €426,603 to €819,679
- Profit (loss) carried forward -€88,920
down €88,920 (-110%), from -€80,644 to -€169,564
- Debts after one year -€32,403
down €32,403 (-20.6%), from €157,099 to €124,696
of which Financial debts: -€33,353
- Trade debts -€13,113
down €13,113 (-24.0%), from €54,708 to €41,595
- Gross operating margin -€5,101
down €5,101, from €1,858 to -€3,243
- Other operating charges -€5,027
down €5,027 (-25.0%), from €20,129 to €15,101
- Depreciation +€3,857
up €3,857 (+6.2%), from €62,541 to €66,398
- Financial charges -€1,985
down €1,985 (-32.2%), from €6,162 to €4,177
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 | €804,984 | €1,057,154 | +€252,170 | +31.3% |
| Fixed assets | 21/28 | €760,197 | €1,015,326 | +€255,130 | +33.6% |
| Tangible fixed assets | 22/27 | €760,172 | €1,015,301 | +€255,130 | +33.6% |
| Land and buildings | 22 | €602,310 | €856,731 | +€254,421 | +42.2% |
| Plant, machinery and equipment | 23 | €150,946 | €155,035 | +€4,089 | +2.7% |
| Furniture and vehicles | 24 | €6,915 | €3,535 | -€3,380 | -48.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €44,787 | €41,828 | -€2,959 | -6.6% |
| Amounts receivable within one year | 40/41 | €32,165 | €32,165 | = | 0.0% |
| Trade receivables | 40 | €31,582 | €31,582 | = | 0.0% |
| Other amounts receivable | 41 | €582 | €582 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,831 | €5,243 | -€2,587 | -33.0% |
| Deferred charges and accrued income | 490/1 | €4,792 | €4,420 | -€372 | -7.8% |
| Total equity and liabilities | 10/49 | €804,984 | €1,057,154 | +€252,170 | +31.3% |
| Equity | 10/15 | €126,706 | €37,786 | -€88,920 | -70.2% |
| 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 | €145,349 | €145,349 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €139,149 | €139,149 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,644 | -€169,564 | -€88,920 | -110% |
| Amounts payable | 17/49 | €678,278 | €1,019,369 | +€341,090 | +50.3% |
| Amounts payable after more than one year | 17 | €157,099 | €124,696 | -€32,403 | -20.6% |
| Financial debts | 170/4 | €154,799 | €121,446 | -€33,353 | -21.5% |
| Other amounts payable | 178/9 | €2,300 | €3,250 | +€950 | +41.3% |
| Amounts payable within one year | 42/48 | €520,505 | €894,626 | +€374,122 | +71.9% |
| Current portion of amounts payable after more than one year | 42 | €32,963 | €33,353 | +€390 | +1.2% |
| Financial debts | 43 | €2,000 | - | -€2,000 | |
| Credit institutions | 430/8 | €2,000 | - | -€2,000 | |
| Trade debts | 44 | €54,708 | €41,595 | -€13,113 | -24.0% |
| Suppliers | 440/4 | €54,708 | €41,595 | -€13,113 | -24.0% |
| Taxes, remuneration and social security | 45 | €4,231 | - | -€4,231 | |
| Taxes | 450/3 | €4,231 | - | -€4,231 | |
| Other amounts payable | 47/48 | €426,603 | €819,679 | +€393,076 | +92.1% |
| Accrued charges and deferred income | 492/3 | €675 | €46 | -€629 | -93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,541 | €66,398 | +€3,857 | +6.2% |
| Other operating charges | 640/8 | €20,129 | €15,101 | -€5,027 | -25.0% |
| Gross operating margin | 9900 | €1,858 | -€3,243 | -€5,101 | |
| Operating profit (loss) | 9901 | -€80,812 | -€84,743 | -€3,931 | -4.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,162 | €4,177 | -€1,985 | -32.2% |
| Recurring financial charges | 65 | €6,162 | €4,177 | -€1,985 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | -€86,974 | -€88,920 | -€1,946 | -2.2% |
| Profit (loss) for the period | 9904 | -€86,974 | -€88,920 | -€1,946 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,974 | -€88,920 | -€1,946 | -2.2% |
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.