BELITAPOR: 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.
BELITAPOR
Largest movements
- Cash +€6,060
new in 2025: €6,060
mainly Advances received (+€5,511) and Trade debts (+€3,601)
- Receivables within one year +€4,859
up €4,859 (+12.8%), from €37,895 to €42,754
of which Trade receivables: +€6,334
- Advances received +€5,511
up €5,511 (+70.6%), from €7,800 to €13,311
- Short-term financial debts -€4,436
no longer reported in 2025 (was €4,436)
- Trade debts +€3,601
up €3,601 (+80.5%), from €4,471 to €8,072
- Reserves +€3,065
up €3,065 (+12.8%), from €23,906 to €26,971
of which Distributable reserves: +€3,065
- Other debts +€2,201
up €2,201 (+22.9%), from €9,613 to €11,814
- Gross operating margin +€10,717
up €10,717, from -€7,185 to €3,532
- Financial charges -€282
down €282 (-37.6%), from €750 to €468
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 | €69,916 | €81,031 | +€11,115 | +15.9% |
| Current assets | 29/58 | €69,916 | €81,031 | +€11,115 | +15.9% |
| Amounts receivable after more than one year | 29 | €32,021 | €32,021 | = | 0.0% |
| Other amounts receivable | 291 | €32,021 | €32,021 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,895 | €42,754 | +€4,859 | +12.8% |
| Trade receivables | 40 | €36,420 | €42,754 | +€6,334 | +17.4% |
| Other amounts receivable | 41 | €1,475 | €0 | -€1,475 | -100% |
| Cash at bank and in hand | 54/58 | - | €6,060 | +€6,060 | |
| Deferred charges and accrued income | 490/1 | - | €196 | +€196 | |
| Total equity and liabilities | 10/49 | €69,916 | €81,031 | +€11,115 | +15.9% |
| Equity | 10/15 | €42,498 | €45,563 | +€3,065 | +7.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €23,906 | €26,971 | +€3,065 | +12.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €22,047 | €25,112 | +€3,065 | +13.9% |
| Amounts payable | 17/49 | €27,418 | €35,468 | +€8,050 | +29.4% |
| Amounts payable within one year | 42/48 | €27,418 | €35,468 | +€8,050 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | €4,436 | - | -€4,436 | |
| Credit institutions | 430/8 | €4,436 | - | -€4,436 | |
| Trade debts | 44 | €4,471 | €8,072 | +€3,601 | +80.5% |
| Suppliers | 440/4 | €4,471 | €8,072 | +€3,601 | +80.5% |
| Advances received on contracts in progress | 46 | €7,800 | €13,311 | +€5,511 | +70.6% |
| Taxes, remuneration and social security | 45 | €1,098 | €2,271 | +€1,173 | +107% |
| Taxes | 450/3 | €1,098 | €2,271 | +€1,173 | +107% |
| Other amounts payable | 47/48 | €9,613 | €11,814 | +€2,201 | +22.9% |
| Gross operating margin | 9900 | -€7,185 | €3,532 | +€10,717 | |
| Operating profit (loss) | 9901 | -€7,185 | €3,532 | +€10,717 | |
| Financial charges | 65/66B | €750 | €468 | -€282 | -37.6% |
| Recurring financial charges | 65 | €750 | €468 | -€282 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,935 | €3,065 | +€10,999 | |
| Profit (loss) for the period | 9904 | -€7,935 | €3,065 | +€10,999 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,935 | €3,065 | +€10,999 |
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 22 October 2026 via checked.be.