BELIMMO 18: 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 18
Largest movements
- Tangible fixed assets -€75,669
down €75,669 (-3.5%), from €2.2m to €2.1m
- Profit (loss) carried forward -€77,587
down €77,587 (-5.6%), from -€1.4m to -€1.5m
- Gross operating margin -€104,682
down €104,682 (-74.6%), from €140,278 to €35,597
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 | €2,263,004 | €2,166,283 | -€96,721 | -4.3% |
| Fixed assets | 21/28 | €2,187,015 | €2,111,346 | -€75,669 | -3.5% |
| Tangible fixed assets | 22/27 | €2,187,015 | €2,111,346 | -€75,669 | -3.5% |
| Land and buildings | 22 | €2,187,015 | €2,111,346 | -€75,669 | -3.5% |
| Current assets | 29/58 | €75,989 | €54,936 | -€21,052 | -27.7% |
| Cash at bank and in hand | 54/58 | €75,389 | €54,936 | -€20,452 | -27.1% |
| Deferred charges and accrued income | 490/1 | €600 | - | -€600 | |
| Total equity and liabilities | 10/49 | €2,263,004 | €2,166,283 | -€96,721 | -4.3% |
| Equity | 10/15 | -€1,357,700 | -€1,435,287 | -€77,587 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,376,300 | -€1,453,887 | -€77,587 | -5.6% |
| Amounts payable | 17/49 | €3,620,704 | €3,601,569 | -€19,135 | -0.5% |
| Amounts payable after more than one year | 17 | €395,956 | €383,731 | -€12,225 | -3.1% |
| Financial debts | 170/4 | €365,994 | €359,994 | -€6,000 | -1.6% |
| Other amounts payable | 178/9 | €29,962 | €23,737 | -€6,225 | -20.8% |
| Amounts payable within one year | 42/48 | €3,224,748 | €3,217,839 | -€6,910 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €6,000 | = | 0.0% |
| Trade debts | 44 | €10,163 | €3,253 | -€6,910 | -68.0% |
| Suppliers | 440/4 | €10,163 | €3,253 | -€6,910 | -68.0% |
| Other amounts payable | 47/48 | €3,208,585 | €3,208,585 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,636 | €75,669 | +€33 | 0.0% |
| Other operating charges | 640/8 | €36,089 | €37,222 | +€1,133 | +3.1% |
| Gross operating margin | 9900 | €140,278 | €35,597 | -€104,682 | -74.6% |
| Operating profit (loss) | 9901 | €28,553 | -€77,294 | -€105,847 | |
| Financial income | 75/76B | €21 | €0 | -€21 | -98.7% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -98.7% |
| Financial charges | 65/66B | €185 | €293 | +€108 | +58.1% |
| Recurring financial charges | 65 | €185 | €293 | +€108 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | €28,389 | -€77,587 | -€105,976 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €28,389 | -€77,587 | -€105,975 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,389 | -€77,587 | -€105,975 |
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 14 October 2026 via checked.be.