BELIMMO HJ: 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 HJ
Largest movements
- Receivables within one year +€594,836
up €594,836 (+724%), from €82,172 to €677,008
of which Trade receivables: +€546,323
- Cash -€223,106
down €223,106 (-77.9%), from €286,401 to €63,295
mainly Receivables within one year (-€594,836) and Short-term financial debts (-€489,589)
- Stocks and contracts +€124,168
up €124,168 (+4.6%), from €2.7m to €2.8m
- Other debts +€1.0m
up €1.0m (+47.9%), from €2.2m to €3.2m
- Short-term financial debts -€489,589
no longer reported in 2025 (was €489,589)
- Trade debts +€301,998
up €301,998 (+64.5%), from €468,187 to €770,185
- Profit (loss) carried forward -€256,548
down €256,548, from €11,550 to -€244,998
- Debts after one year -€63,243
down €63,243 (-4.3%), from €1.5m to €1.4m
- Gross operating margin -€572,324
down €572,324, from €415,857 to -€156,468
- Financial charges -€205,835
down €205,835 (-72.8%), from €282,746 to €76,911
- Other operating charges -€55,405
down €55,405 (-88.2%), from €62,810 to €7,404
- Depreciation -€14,834
down €14,834 (-48.5%), from €30,599 to €15,765
- Taxes -€14,145
no longer reported in 2025 (was €14,145)
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 | €4,687,152 | €5,200,748 | +€513,596 | +11.0% |
| Fixed assets | 21/28 | €1,621,736 | €1,640,638 | +€18,902 | +1.2% |
| Tangible fixed assets | 22/27 | €432,340 | €443,742 | +€11,402 | +2.6% |
| Land and buildings | 22 | €424,264 | €412,916 | -€11,348 | -2.7% |
| Furniture and vehicles | 24 | €8,076 | €3,659 | -€4,417 | -54.7% |
| Assets under construction and advance payments | 27 | - | €27,167 | +€27,167 | |
| Financial fixed assets | 28 | €1,189,396 | €1,196,896 | +€7,500 | +0.6% |
| Current assets | 29/58 | €3,065,416 | €3,560,110 | +€494,694 | +16.1% |
| Stocks and contracts in progress | 3 | €2,695,093 | €2,819,261 | +€124,168 | +4.6% |
| Stocks | 30/36 | €2,695,093 | €2,819,261 | +€124,168 | +4.6% |
| Amounts receivable within one year | 40/41 | €82,172 | €677,008 | +€594,836 | +724% |
| Trade receivables | 40 | €82,172 | €628,495 | +€546,323 | +665% |
| Other amounts receivable | 41 | - | €48,513 | +€48,513 | |
| Cash at bank and in hand | 54/58 | €286,401 | €63,295 | -€223,106 | -77.9% |
| Deferred charges and accrued income | 490/1 | €1,750 | €546 | -€1,204 | -68.8% |
| Total equity and liabilities | 10/49 | €4,687,152 | €5,200,748 | +€513,596 | +11.0% |
| Equity | 10/15 | €30,150 | -€226,398 | -€256,548 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,550 | -€244,998 | -€256,548 | |
| Amounts payable | 17/49 | €4,657,002 | €5,427,146 | +€770,144 | +16.5% |
| Amounts payable after more than one year | 17 | €1,454,614 | €1,391,371 | -€63,243 | -4.3% |
| Financial debts | 170/4 | €1,454,614 | €1,391,371 | -€63,243 | -4.3% |
| Amounts payable within one year | 42/48 | €3,202,388 | €4,035,026 | +€832,638 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €66,325 | €63,243 | -€3,081 | -4.6% |
| Financial debts | 43 | €489,589 | - | -€489,589 | |
| Credit institutions | 430/8 | €489,589 | - | -€489,589 | |
| Trade debts | 44 | €468,187 | €770,185 | +€301,998 | +64.5% |
| Suppliers | 440/4 | €468,187 | €770,185 | +€301,998 | +64.5% |
| Taxes, remuneration and social security | 45 | €13,798 | - | -€13,798 | |
| Taxes | 450/3 | €13,798 | - | -€13,798 | |
| Other amounts payable | 47/48 | €2,164,490 | €3,201,598 | +€1.0m | +47.9% |
| Accrued charges and deferred income | 492/3 | - | €749 | +€749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,599 | €15,765 | -€14,834 | -48.5% |
| Other operating charges | 640/8 | €62,810 | €7,404 | -€55,405 | -88.2% |
| Gross operating margin | 9900 | €415,857 | -€156,468 | -€572,324 | |
| Operating profit (loss) | 9901 | €322,448 | -€179,637 | -€502,085 | |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €282,746 | €76,911 | -€205,835 | -72.8% |
| Recurring financial charges | 65 | €282,746 | €76,911 | -€205,835 | -72.8% |
| Profit (loss) for the period before taxes | 9903 | €39,713 | -€256,548 | -€296,261 | |
| Income taxes | 67/77 | €14,145 | - | -€14,145 | |
| Profit (loss) for the period | 9904 | €25,568 | -€256,548 | -€282,116 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,568 | -€256,548 | -€282,116 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.