Beljas: what changed
Two fiscal 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.
Beljas
Largest movements
- Cash +€164,571
up €164,571 (+249.9%), from €65,868 to €230,439
mainly Investment in fixed assets (net) (+€150,000) and Net result for the year (+€23,415)
- Financial fixed assets -€150,000
down €150,000 (-10.9%), from €1.4m to €1.2m
- Profit (loss) carried forward +€23,415
up €23,415 (+5.3%), from -€439,317 to -€415,902
- Gross operating margin -€623
down €623 (-17.5%), from -€3,561 to -€4,184
- Taxes -€475
down €475 (-5.7%), from €8,280 to €7,805
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.
Cash bridge derived
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 | €1,448,646 | €1,461,185 | +€12,539 | +0.9% |
| Fixed assets | 21/28 | €1,380,287 | €1,230,287 | -€150,000 | -10.9% |
| Financial fixed assets | 28 | €1,380,287 | €1,230,287 | -€150,000 | -10.9% |
| Current assets | 29/58 | €68,359 | €230,898 | +€162,539 | +237.8% |
| Amounts receivable within one year | 40/41 | €2,441 | €459 | -€1,982 | -81.2% |
| Other amounts receivable | 41 | €2,441 | €459 | -€1,982 | -81.2% |
| Cash at bank and in hand | 54/58 | €65,868 | €230,439 | +€164,571 | +249.9% |
| Deferred charges and accrued income | 490/1 | €50 | €0 | -€50 | -100.0% |
| Total equity and liabilities | 10/49 | €1,448,646 | €1,461,185 | +€12,539 | +0.9% |
| Equity | 10/15 | €953,942 | €977,356 | +€23,415 | +2.5% |
| Contributions | 10/11 | €1,392,787 | €1,392,787 | = | 0.0% |
| Reserves | 13 | €471 | €471 | = | 0.0% |
| Distributable reserves | 133 | €471 | €471 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€439,317 | -€415,902 | +€23,415 | +5.3% |
| Amounts payable | 17/49 | €494,704 | €483,829 | -€10,876 | -2.2% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €244,704 | €233,829 | -€10,876 | -4.4% |
| Trade debts | 44 | €27 | €42 | +€16 | +59.1% |
| Suppliers | 440/4 | €27 | €42 | +€16 | +59.1% |
| Taxes, remuneration and social security | 45 | €4,530 | €0 | -€4,530 | -100.0% |
| Taxes | 450/3 | €4,530 | €0 | -€4,530 | -100.0% |
| Other amounts payable | 47/48 | €240,148 | €233,787 | -€6,361 | -2.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,353 | €1,331 | -€22 | -1.6% |
| Gross operating margin | 9900 | -€3,561 | -€4,184 | -€623 | -17.5% |
| Operating profit (loss) | 9901 | -€4,914 | -€5,515 | -€601 | -12.2% |
| Financial income | 75/76B | €36,770 | €36,805 | +€35 | +0.1% |
| Recurring financial income | 75 | €36,770 | €36,805 | +€35 | +0.1% |
| Financial charges | 65/66B | €45 | €70 | +€25 | +55.6% |
| Recurring financial charges | 65 | €45 | €70 | +€25 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €31,811 | €31,220 | -€591 | -1.9% |
| Income taxes | 67/77 | €8,280 | €7,805 | -€475 | -5.7% |
| Profit (loss) for the period | 9904 | €23,531 | €23,415 | -€116 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,531 | €23,415 | -€116 | -0.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.