BELITERA: what changed
BELITERA
Largest movements
- Cash +€24,787
up €24,787 (+203%), from €12,224 to €37,010
mainly Net result for the year (+€21,683) and Tax, wage and social debts (+€3,761)
- Tangible fixed assets +€691
new in 2025: €691
- Receivables within one year -€421
down €421 (-17.0%), from €2,473 to €2,053
of which Trade receivables: -€694
- Reserves +€20,000
up €20,000 (+444%), from €4,500 to €24,500
- Tax, wage and social debts +€3,761
up €3,761 (+109%), from €3,459 to €7,220
- Profit (loss) carried forward +€850
up €850 (+144%), from €591 to €1,441
- Other debts +€440
up €440 (+10.7%), from €4,127 to €4,567
- Gross operating margin +€23,726
up €23,726 (+273%), from €8,701 to €32,427
- Taxes +€7,605
up €7,605 (+274%), from €2,780 to €10,384
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,697 | €39,935 | +€25,237 | +172% |
| Fixed assets | 21/28 | - | €691 | +€691 | |
| Tangible fixed assets | 22/27 | - | €691 | +€691 | |
| Furniture and vehicles | 24 | - | €691 | +€691 | |
| Current assets | 29/58 | €14,697 | €39,243 | +€24,546 | +167% |
| Amounts receivable within one year | 40/41 | €2,473 | €2,053 | -€421 | -17.0% |
| Trade receivables | 40 | €2,473 | €1,779 | -€694 | -28.1% |
| Other amounts receivable | 41 | - | €273 | +€273 | |
| Cash at bank and in hand | 54/58 | €12,224 | €37,010 | +€24,787 | +203% |
| Deferred charges and accrued income | 490/1 | - | €180 | +€180 | |
| Total equity and liabilities | 10/49 | €14,697 | €39,935 | +€25,237 | +172% |
| Equity | 10/15 | €6,591 | €27,441 | +€20,850 | +316% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €4,500 | €24,500 | +€20,000 | +444% |
| Distributable reserves | 133 | €4,500 | €24,500 | +€20,000 | +444% |
| Profit (loss) carried forward | 14 | €591 | €1,441 | +€850 | +144% |
| Amounts payable | 17/49 | €8,106 | €12,493 | +€4,387 | +54.1% |
| Amounts payable within one year | 42/48 | €8,106 | €12,493 | +€4,387 | +54.1% |
| Trade debts | 44 | €521 | €706 | +€186 | +35.7% |
| Suppliers | 440/4 | €521 | €706 | +€186 | +35.7% |
| Taxes, remuneration and social security | 45 | €3,459 | €7,220 | +€3,761 | +109% |
| Taxes | 450/3 | €3,459 | €7,220 | +€3,761 | +109% |
| Other amounts payable | 47/48 | €4,127 | €4,567 | +€440 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €300 | +€300 | |
| Gross operating margin | 9900 | €8,701 | €32,427 | +€23,726 | +273% |
| Operating profit (loss) | 9901 | €8,701 | €32,128 | +€23,427 | +269% |
| Financial charges | 65/66B | €31 | €60 | +€30 | +97.2% |
| Recurring financial charges | 65 | €31 | €60 | +€30 | +97.2% |
| Profit (loss) for the period before taxes | 9903 | €8,671 | €32,067 | +€23,397 | +270% |
| Income taxes | 67/77 | €2,780 | €10,384 | +€7,605 | +274% |
| Profit (loss) for the period | 9904 | €5,891 | €21,683 | +€15,792 | +268% |
| Profit (loss) for the period to be appropriated | 9905 | €5,891 | €21,683 | +€15,792 | +268% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.