BELISAMA SERVICES: 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.
BELISAMA SERVICES
Largest movements
- Tangible fixed assets +€317,448
up €317,448 (+513%), from €61,932 to €379,380
of which Land and buildings: +€283,218
- Receivables within one year +€43,691
up €43,691 (+358%), from €12,211 to €55,902
of which Other amounts receivable: +€38,442
- Cash -€27,152
down €27,152 (-47.8%), from €56,771 to €29,619
mainly Investment in fixed assets (net) (-€327,820) and Receivables within one year (-€43,691)
- Debts after one year +€236,855
new in 2025: €236,855
- Accrued charges and deferred income +€117,625
new in 2025: €117,625
- Trade debts -€29,652
down €29,652 (-65.4%), from €45,312 to €15,660
- Current portion of long-term debt +€15,971
new in 2025: €15,971
- Tax, wage and social debts -€12,963
down €12,963 (-52.9%), from €24,512 to €11,549
of which Taxes: -€13,307
- Staff costs +€49,116
up €49,116 (+82.5%), from €59,557 to €108,673
- Taxes -€9,437
down €9,437 (-58.5%), from €16,130 to €6,693
- Gross operating margin +€6,721
up €6,721 (+5.0%), from €135,384 to €142,105
- Depreciation +€5,302
up €5,302 (+130%), from €4,070 to €9,373
- Write-downs +€4,675
new in 2025: €4,675
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 | €135,914 | €471,725 | +€335,811 | +247% |
| Fixed assets | 21/28 | €66,932 | €385,380 | +€318,448 | +476% |
| Tangible fixed assets | 22/27 | €61,932 | €379,380 | +€317,448 | +513% |
| Land and buildings | 22 | €42,492 | €325,710 | +€283,218 | +667% |
| Furniture and vehicles | 24 | €4,623 | €34,265 | +€29,642 | +641% |
| Other tangible fixed assets | 26 | €14,818 | €19,406 | +€4,588 | +31.0% |
| Financial fixed assets | 28 | €5,000 | €6,000 | +€1,000 | +20.0% |
| Current assets | 29/58 | €68,982 | €86,344 | +€17,363 | +25.2% |
| Amounts receivable within one year | 40/41 | €12,211 | €55,902 | +€43,691 | +358% |
| Trade receivables | 40 | - | €5,248 | +€5,248 | |
| Other amounts receivable | 41 | €12,211 | €50,653 | +€38,442 | +315% |
| Cash at bank and in hand | 54/58 | €56,771 | €29,619 | -€27,152 | -47.8% |
| Deferred charges and accrued income | 490/1 | - | €824 | +€824 | |
| Total equity and liabilities | 10/49 | €135,914 | €471,725 | +€335,811 | +247% |
| Equity | 10/15 | €65,460 | €74,065 | +€8,605 | +13.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,460 | €72,065 | +€8,605 | +13.6% |
| Amounts payable | 17/49 | €70,454 | €397,660 | +€327,206 | +464% |
| Amounts payable after more than one year | 17 | - | €236,855 | +€236,855 | |
| Financial debts | 170/4 | - | €236,855 | +€236,855 | |
| Amounts payable within one year | 42/48 | €70,454 | €43,179 | -€27,274 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | - | €15,971 | +€15,971 | |
| Trade debts | 44 | €45,312 | €15,660 | -€29,652 | -65.4% |
| Suppliers | 440/4 | €45,312 | €15,660 | -€29,652 | -65.4% |
| Taxes, remuneration and social security | 45 | €24,512 | €11,549 | -€12,963 | -52.9% |
| Taxes | 450/3 | €17,795 | €4,488 | -€13,307 | -74.8% |
| Remuneration and social security | 454/9 | €6,717 | €7,061 | +€344 | +5.1% |
| Other amounts payable | 47/48 | €629 | - | -€629 | |
| Accrued charges and deferred income | 492/3 | - | €117,625 | +€117,625 | |
| Remuneration, social security and pensions | 62 | €59,557 | €108,673 | +€49,116 | +82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,070 | €9,373 | +€5,302 | +130% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,675 | +€4,675 | |
| Other operating charges | 640/8 | €4,559 | €4,556 | -€3 | -0.1% |
| Non-recurring operating charges | 66A | €1,465 | - | -€1,465 | |
| Gross operating margin | 9900 | €135,384 | €142,105 | +€6,721 | +5.0% |
| Operating profit (loss) | 9901 | €65,733 | €14,829 | -€50,904 | -77.4% |
| Financial income | 75/76B | €210 | €469 | +€259 | +124% |
| Recurring financial income | 75 | €210 | €469 | +€259 | +124% |
| Financial charges | 65/66B | €754 | - | -€754 | |
| Recurring financial charges | 65 | €754 | - | -€754 | |
| Profit (loss) for the period before taxes | 9903 | €65,189 | €15,298 | -€49,891 | -76.5% |
| Income taxes | 67/77 | €16,130 | €6,693 | -€9,437 | -58.5% |
| Profit (loss) for the period | 9904 | €49,059 | €8,605 | -€40,454 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,059 | €8,605 | -€40,454 | -82.5% |
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 24 October 2026 via checked.be.