BELITA: 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.
BELITA
Largest movements
- Receivables within one year +€36,257
up €36,257 (+419%), from €8,651 to €44,908
of which Trade receivables: +€30,708
- Cash +€29,372
up €29,372 (+13.3%), from €221,347 to €250,718
mainly Net result for the year (+€49,642) and Depreciation (+€19,320)
- Tangible fixed assets -€18,119
down €18,119 (-30.9%), from €58,728 to €40,609
of which Furniture and vehicles: -€17,004
- Reserves +€48,812
up €48,812 (+27.4%), from €178,243 to €227,054
of which Distributable reserves: +€48,812
- Tax, wage and social debts +€5,902
up €5,902 (+157%), from €3,765 to €9,667
- Debts after one year -€4,474
down €4,474 (-38.8%), from €11,522 to €7,048
- Gross operating margin +€17,540
up €17,540 (+22.3%), from €78,666 to €96,205
- Taxes +€4,964
up €4,964 (+24.0%), from €20,703 to €25,667
- Financial income -€1,328
down €1,328 (-75.7%), from €1,754 to €426
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 | €291,291 | €338,944 | +€47,653 | +16.4% |
| Fixed assets | 21/28 | €58,728 | €40,609 | -€18,119 | -30.9% |
| Tangible fixed assets | 22/27 | €58,728 | €40,609 | -€18,119 | -30.9% |
| Land and buildings | 22 | €20,433 | €19,586 | -€848 | -4.1% |
| Plant, machinery and equipment | 23 | €3,909 | €3,641 | -€267 | -6.8% |
| Furniture and vehicles | 24 | €34,385 | €17,382 | -€17,004 | -49.5% |
| Current assets | 29/58 | €232,563 | €298,335 | +€65,772 | +28.3% |
| Amounts receivable within one year | 40/41 | €8,651 | €44,908 | +€36,257 | +419% |
| Trade receivables | 40 | €2,815 | €33,523 | +€30,708 | +1,091% |
| Other amounts receivable | 41 | €5,836 | €11,385 | +€5,549 | +95.1% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €221,347 | €250,718 | +€29,372 | +13.3% |
| Deferred charges and accrued income | 490/1 | €2,315 | €2,459 | +€144 | +6.2% |
| Total equity and liabilities | 10/49 | €291,291 | €338,944 | +€47,653 | +16.4% |
| Equity | 10/15 | €263,243 | €312,054 | +€48,812 | +18.5% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Capital | 10 | €85,000 | €85,000 | = | 0.0% |
| Issued capital | 100 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €178,243 | €227,054 | +€48,812 | +27.4% |
| Non-distributable reserves | 130/1 | €9,994 | €9,994 | = | 0.0% |
| Legal reserve | 130 | €9,994 | €9,994 | = | 0.0% |
| Distributable reserves | 133 | €168,249 | €217,061 | +€48,812 | +29.0% |
| Amounts payable | 17/49 | €28,048 | €26,890 | -€1,158 | -4.1% |
| Amounts payable after more than one year | 17 | €11,522 | €7,048 | -€4,474 | -38.8% |
| Financial debts | 170/4 | €11,522 | €7,048 | -€4,474 | -38.8% |
| Amounts payable within one year | 42/48 | €16,526 | €19,842 | +€3,316 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €4,303 | €4,474 | +€171 | +4.0% |
| Trade debts | 44 | €7,628 | €4,870 | -€2,757 | -36.1% |
| Suppliers | 440/4 | €7,628 | €4,870 | -€2,757 | -36.1% |
| Taxes, remuneration and social security | 45 | €3,765 | €9,667 | +€5,902 | +157% |
| Taxes | 450/3 | €3,765 | €9,667 | +€5,902 | +157% |
| Other amounts payable | 47/48 | €830 | €830 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,631 | €19,320 | -€311 | -1.6% |
| Other operating charges | 640/8 | €1,149 | €1,268 | +€119 | +10.3% |
| Gross operating margin | 9900 | €78,666 | €96,205 | +€17,540 | +22.3% |
| Operating profit (loss) | 9901 | €57,885 | €75,617 | +€17,732 | +30.6% |
| Financial income | 75/76B | €1,754 | €426 | -€1,328 | -75.7% |
| Recurring financial income | 75 | €1,754 | €426 | -€1,328 | -75.7% |
| Financial charges | 65/66B | €1,221 | €734 | -€486 | -39.8% |
| Recurring financial charges | 65 | €1,221 | €734 | -€486 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €58,418 | €75,309 | +€16,890 | +28.9% |
| Income taxes | 67/77 | €20,703 | €25,667 | +€4,964 | +24.0% |
| Profit (loss) for the period | 9904 | €37,715 | €49,642 | +€11,927 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,715 | €49,642 | +€11,927 | +31.6% |
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 31 October 2026 via checked.be.