BELIMVA: 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.
BELIMVA
Largest movements
- Cash -€29,156
down €29,156 (-91.5%), from €31,853 to €2,698
mainly Receivables within one year (-€26,082) and Debts after one year (-€11,465)
- Receivables within one year +€26,082
up €26,082 (+270.3%), from €9,650 to €35,732
of which Trade receivables: +€30,178
- Tangible fixed assets -€16,405
down €16,405 (-26.5%), from €61,934 to €45,529
of which Furniture and vehicles: -€16,121
- Debts after one year -€11,465
down €11,465 (-45.2%), from €25,374 to €13,909
- Trade debts -€10,682
down €10,682 (-39.1%), from €27,295 to €16,613
- Reserves +€5,500
up €5,500 (+22.4%), from €24,600 to €30,100
- Tax, wage and social debts -€2,381
down €2,381 (-40.5%), from €5,884 to €3,503
- Gross operating margin -€6,423
down €6,423 (-17.9%), from €35,975 to €29,553
- Depreciation +€2,977
up €2,977 (+18.1%), from €16,413 to €19,389
- Taxes -€2,000
down €2,000 (-39.5%), from €5,058 to €3,059
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 | €103,437 | €83,959 | -€19,478 | -18.8% |
| Fixed assets | 21/28 | €61,934 | €45,529 | -€16,405 | -26.5% |
| Tangible fixed assets | 22/27 | €61,934 | €45,529 | -€16,405 | -26.5% |
| Plant, machinery and equipment | 23 | €906 | €622 | -€284 | -31.4% |
| Furniture and vehicles | 24 | €61,028 | €44,908 | -€16,121 | -26.4% |
| Current assets | 29/58 | €41,503 | €38,430 | -€3,073 | -7.4% |
| Amounts receivable within one year | 40/41 | €9,650 | €35,732 | +€26,082 | +270.3% |
| Trade receivables | 40 | €908 | €31,085 | +€30,178 | +3325.4% |
| Other amounts receivable | 41 | €8,742 | €4,647 | -€4,096 | -46.8% |
| Cash at bank and in hand | 54/58 | €31,853 | €2,698 | -€29,156 | -91.5% |
| Total equity and liabilities | 10/49 | €103,437 | €83,959 | -€19,478 | -18.8% |
| Equity | 10/15 | €29,600 | €35,100 | +€5,500 | +18.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,600 | €30,100 | +€5,500 | +22.4% |
| Distributable reserves | 133 | €24,600 | €30,100 | +€5,500 | +22.4% |
| Amounts payable | 17/49 | €73,837 | €48,859 | -€24,978 | -33.8% |
| Amounts payable after more than one year | 17 | €25,374 | €13,909 | -€11,465 | -45.2% |
| Financial debts | 170/4 | €25,374 | €13,909 | -€11,465 | -45.2% |
| Amounts payable within one year | 42/48 | €48,463 | €34,950 | -€13,513 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €12,884 | €12,404 | -€480 | -3.7% |
| Trade debts | 44 | €27,295 | €16,613 | -€10,682 | -39.1% |
| Suppliers | 440/4 | €27,295 | €16,613 | -€10,682 | -39.1% |
| Taxes, remuneration and social security | 45 | €5,884 | €3,503 | -€2,381 | -40.5% |
| Taxes | 450/3 | €5,884 | €3,503 | -€2,381 | -40.5% |
| Other amounts payable | 47/48 | €2,400 | €2,430 | +€30 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,413 | €19,389 | +€2,977 | +18.1% |
| Gross operating margin | 9900 | €35,975 | €29,553 | -€6,423 | -17.9% |
| Operating profit (loss) | 9901 | €19,563 | €10,163 | -€9,400 | -48.0% |
| Financial income | 75/76B | €405 | €309 | -€96 | -23.7% |
| Recurring financial income | 75 | €405 | €309 | -€96 | -23.7% |
| Non-recurring financial income | 76B | €405 | €309 | -€96 | -23.7% |
| Financial charges | 65/66B | €2,209 | €1,913 | -€296 | -13.4% |
| Recurring financial charges | 65 | €1,777 | €1,794 | +€17 | +1.0% |
| Non-recurring financial charges | 66B | €433 | €120 | -€313 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €17,758 | €8,559 | -€9,200 | -51.8% |
| Income taxes | 67/77 | €5,058 | €3,059 | -€2,000 | -39.5% |
| Profit (loss) for the period | 9904 | €12,700 | €5,500 | -€7,200 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,700 | €5,500 | -€7,200 | -56.7% |
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 5 October 2026 via checked.be.