BelisIMMO: 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.
BelisIMMO
Largest movements
- Cash +€119,836
up €119,836 (+525%), from €22,829 to €142,665
mainly Current investments (+€60,000) and Net result for the year (+€34,862)
- Current investments -€60,000
down €60,000 (-100%), from €60,000 to €0
- Receivables within one year -€11,379
down €11,379 (-44.4%), from €25,643 to €14,264
of which Trade receivables: -€8,570
- Tangible fixed assets -€6,343
down €6,343 (-18.6%), from €34,154 to €27,811
of which Land and buildings: -€3,632
- Reserves +€34,862
up €34,862 (+27.0%), from €129,176 to €164,038
- Tax, wage and social debts +€8,761
up €8,761 (+480%), from €1,825 to €10,586
of which Taxes: +€6,861
- Gross operating margin +€51,187
up €51,187 (+732%), from €6,990 to €58,177
- Taxes +€15,850
up €15,850 (+1,583%), from €1,002 to €16,852
- Depreciation +€2,700
up €2,700 (+74.1%), from €3,643 to €6,343
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 | €145,547 | €187,880 | +€42,333 | +29.1% |
| Fixed assets | 21/28 | €34,184 | €27,841 | -€6,343 | -18.6% |
| Tangible fixed assets | 22/27 | €34,154 | €27,811 | -€6,343 | -18.6% |
| Land and buildings | 22 | €16,341 | €12,709 | -€3,632 | -22.2% |
| Plant, machinery and equipment | 23 | €45 | €0 | -€45 | -100% |
| Furniture and vehicles | 24 | €9,899 | €8,814 | -€1,085 | -11.0% |
| Other tangible fixed assets | 26 | €7,869 | €6,288 | -€1,581 | -20.1% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €111,363 | €160,039 | +€48,676 | +43.7% |
| Amounts receivable within one year | 40/41 | €25,643 | €14,264 | -€11,379 | -44.4% |
| Trade receivables | 40 | €8,570 | €0 | -€8,570 | -100% |
| Other amounts receivable | 41 | €17,073 | €14,264 | -€2,809 | -16.5% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100% |
| Cash at bank and in hand | 54/58 | €22,829 | €142,665 | +€119,836 | +525% |
| Deferred charges and accrued income | 490/1 | €2,891 | €3,110 | +€219 | +7.6% |
| Total equity and liabilities | 10/49 | €145,547 | €187,880 | +€42,333 | +29.1% |
| Equity | 10/15 | €141,576 | €176,438 | +€34,862 | +24.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €129,176 | €164,038 | +€34,862 | +27.0% |
| Distributable reserves | 133 | €129,176 | €164,038 | +€34,862 | +27.0% |
| Amounts payable | 17/49 | €3,970 | €11,442 | +€7,471 | +188% |
| Amounts payable within one year | 42/48 | €3,970 | €11,442 | +€7,471 | +188% |
| Trade debts | 44 | €2,145 | €856 | -€1,290 | -60.1% |
| Suppliers | 440/4 | €2,145 | €856 | -€1,290 | -60.1% |
| Taxes, remuneration and social security | 45 | €1,825 | €10,586 | +€8,761 | +480% |
| Taxes | 450/3 | €1,825 | €8,686 | +€6,861 | +376% |
| Remuneration and social security | 454/9 | - | €1,900 | +€1,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,643 | €6,343 | +€2,700 | +74.1% |
| Other operating charges | 640/8 | €582 | €660 | +€78 | +13.3% |
| Gross operating margin | 9900 | €6,990 | €58,177 | +€51,187 | +732% |
| Operating profit (loss) | 9901 | €2,764 | €51,174 | +€48,410 | +1,751% |
| Financial income | 75/76B | €1,499 | €1,380 | -€120 | -8.0% |
| Recurring financial income | 75 | €1,499 | €1,380 | -€120 | -8.0% |
| Financial charges | 65/66B | €1,233 | €841 | -€392 | -31.8% |
| Recurring financial charges | 65 | €1,233 | €841 | -€392 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €3,031 | €51,713 | +€48,683 | +1,606% |
| Income taxes | 67/77 | €1,002 | €16,852 | +€15,850 | +1,583% |
| Profit (loss) for the period | 9904 | €2,029 | €34,862 | +€32,833 | +1,618% |
| Profit (loss) for the period to be appropriated | 9905 | €2,029 | €34,862 | +€32,833 | +1,618% |
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.