BeliPact: 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.
BeliPact
Largest movements
- Financial fixed assets +€30.5m
up €30.5m (+119%), from €25.7m to €56.2m
- Contributions +€19.3m
up €19.3m (+122%), from €15.8m to €35.2m
- Short-term financial debts +€5.9m
up €5.9m (+95.2%), from €6.2m to €12.2m
- Debts after one year +€3.3m
up €3.3m (+66.0%), from €5.0m to €8.3m
- Other debts +€938,164
new in 2025: €938,164
- Financial income +€1.3m
new in 2025: €1.3m
- Financial charges +€205,845
up €205,845 (+53.3%), from €386,162 to €592,008
- Gross operating margin -€17,851
down €17,851 (-6.8%), from -€262,950 to -€280,801
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 | €26,681,696 | €56,735,706 | +€30.1m | +113% |
| Fixed assets | 21/28 | €25,670,000 | €56,154,667 | +€30.5m | +119% |
| Tangible fixed assets | 22/27 | - | €1,201 | +€1,201 | |
| Plant, machinery and equipment | 23 | - | €1,201 | +€1,201 | |
| Financial fixed assets | 28 | €25,670,000 | €56,153,465 | +€30.5m | +119% |
| Current assets | 29/58 | €1,011,696 | €581,039 | -€430,657 | -42.6% |
| Amounts receivable within one year | 40/41 | €236,696 | €287,381 | +€50,685 | +21.4% |
| Trade receivables | 40 | €199,631 | €179,906 | -€19,724 | -9.9% |
| Other amounts receivable | 41 | €37,065 | €107,474 | +€70,409 | +190% |
| Cash at bank and in hand | 54/58 | €775,000 | €293,658 | -€481,342 | -62.1% |
| Total equity and liabilities | 10/49 | €26,681,696 | €56,735,706 | +€30.1m | +113% |
| Equity | 10/15 | €15,183,888 | €34,899,635 | +€19.7m | +130% |
| Contributions | 10/11 | €15,833,000 | €35,161,934 | +€19.3m | +122% |
| Profit (loss) carried forward | 14 | -€649,112 | -€262,299 | +€386,813 | +59.6% |
| Amounts payable | 17/49 | €11,497,808 | €21,836,071 | +€10.3m | +89.9% |
| Amounts payable after more than one year | 17 | €5,000,000 | €8,299,820 | +€3.3m | +66.0% |
| Other amounts payable | 178/9 | €5,000,000 | €8,299,820 | +€3.3m | +66.0% |
| Amounts payable within one year | 42/48 | €6,316,164 | €13,272,983 | +€7.0m | +110% |
| Financial debts | 43 | €6,237,510 | €12,178,700 | +€5.9m | +95.2% |
| Credit institutions | 430/8 | €6,237,510 | €12,178,700 | +€5.9m | +95.2% |
| Trade debts | 44 | €78,654 | €155,938 | +€77,284 | +98.3% |
| Suppliers | 440/4 | €78,654 | €155,938 | +€77,284 | +98.3% |
| Taxes, remuneration and social security | 45 | - | €180 | +€180 | |
| Taxes | 450/3 | - | €180 | +€180 | |
| Other amounts payable | 47/48 | - | €938,164 | +€938,164 | |
| Accrued charges and deferred income | 492/3 | €181,644 | €263,268 | +€81,625 | +44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €94 | +€94 | |
| Other operating charges | 640/8 | - | €164 | +€164 | |
| Gross operating margin | 9900 | -€262,950 | -€280,801 | -€17,851 | -6.8% |
| Operating profit (loss) | 9901 | -€262,950 | -€281,059 | -€18,109 | -6.9% |
| Financial income | 75/76B | - | €1,259,879 | +€1.3m | |
| Recurring financial income | 75 | - | €1,259,879 | +€1.3m | |
| Financial charges | 65/66B | €386,162 | €592,008 | +€205,845 | +53.3% |
| Recurring financial charges | 65 | €386,162 | €592,008 | +€205,845 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | -€649,112 | €386,813 | +€1.0m | |
| Profit (loss) for the period | 9904 | -€649,112 | €386,813 | +€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€649,112 | €386,813 | +€1.0m |
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 29 October 2026 via checked.be.