Belis-Immo: 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.
Belis-Immo
Largest movements
- Tangible fixed assets -€12,685
down €12,685 (-3.5%), from €364,392 to €351,707
- Reserves +€43,263
up €43,263 (+26.2%), from €165,282 to €208,544
- Debts after one year -€35,642
down €35,642 (-100%), from €35,642 to €0
- Current portion of long-term debt -€29,129
down €29,129 (-45.0%), from €64,771 to €35,642
- Other debts +€15,650
up €15,650 (+3,470%), from €451 to €16,101
- Tax, wage and social debts -€8,281
down €8,281 (-21.0%), from €39,351 to €31,069
- Gross operating margin +€2,553
up €2,553 (+3.2%), from €78,912 to €81,465
- Financial charges -€1,637
down €1,637 (-47.3%), from €3,460 to €1,823
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 | €375,645 | €360,847 | -€14,798 | -3.9% |
| Fixed assets | 21/28 | €364,392 | €351,707 | -€12,685 | -3.5% |
| Tangible fixed assets | 22/27 | €364,392 | €351,707 | -€12,685 | -3.5% |
| Land and buildings | 22 | €364,392 | €351,707 | -€12,685 | -3.5% |
| Current assets | 29/58 | €11,253 | €9,140 | -€2,114 | -18.8% |
| Amounts receivable within one year | 40/41 | €794 | €794 | = | 0.0% |
| Other amounts receivable | 41 | €794 | €794 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,459 | €8,345 | -€2,114 | -20.2% |
| Total equity and liabilities | 10/49 | €375,645 | €360,847 | -€14,798 | -3.9% |
| Equity | 10/15 | €234,720 | €277,983 | +€43,263 | +18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,282 | €208,544 | +€43,263 | +26.2% |
| Distributable reserves | 133 | €165,282 | €208,544 | +€43,263 | +26.2% |
| Profit (loss) carried forward | 14 | €50,838 | €50,838 | = | 0.0% |
| Amounts payable | 17/49 | €140,925 | €82,864 | -€58,061 | -41.2% |
| Amounts payable after more than one year | 17 | €35,642 | €0 | -€35,642 | -100% |
| Financial debts | 170/4 | €35,642 | €0 | -€35,642 | -100% |
| Amounts payable within one year | 42/48 | €105,174 | €82,864 | -€22,310 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €64,771 | €35,642 | -€29,129 | -45.0% |
| Trade debts | 44 | €601 | €51 | -€550 | -91.4% |
| Suppliers | 440/4 | €601 | €51 | -€550 | -91.4% |
| Taxes, remuneration and social security | 45 | €39,351 | €31,069 | -€8,281 | -21.0% |
| Taxes | 450/3 | €39,351 | €31,069 | -€8,281 | -21.0% |
| Other amounts payable | 47/48 | €451 | €16,101 | +€15,650 | +3,470% |
| Accrued charges and deferred income | 492/3 | €109 | €0 | -€109 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,685 | €12,685 | = | 0.0% |
| Other operating charges | 640/8 | €3,003 | €2,863 | -€140 | -4.7% |
| Gross operating margin | 9900 | €78,912 | €81,465 | +€2,553 | +3.2% |
| Operating profit (loss) | 9901 | €63,224 | €65,917 | +€2,694 | +4.3% |
| Financial charges | 65/66B | €3,460 | €1,823 | -€1,637 | -47.3% |
| Recurring financial charges | 65 | €3,460 | €1,823 | -€1,637 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €59,764 | €64,094 | +€4,330 | +7.2% |
| Income taxes | 67/77 | €20,238 | €20,831 | +€593 | +2.9% |
| Profit (loss) for the period | 9904 | €39,526 | €43,263 | +€3,737 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,526 | €43,263 | +€3,737 | +9.5% |
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.