BELKA: 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.
BELKA
Largest movements
- Tangible fixed assets -€8,415
down €8,415 (-31.1%), from €27,084 to €18,669
of which Furniture and vehicles: -€6,415
- Receivables within one year +€8,248
up €8,248 (+14.6%), from €56,567 to €64,816
- Accrued charges and deferred income -€35,000
no longer reported in 2025 (was €35,000)
- Short-term financial debts +€34,910
up €34,910 (+1074.8%), from €3,248 to €38,158
- Trade debts -€19,044
down €19,044 (-43.9%), from €43,344 to €24,300
- Reserves +€6,588
new in 2025: €6,588
- Tax, wage and social debts +€6,120
up €6,120 (+1405.7%), from €435 to €6,555
of which Remuneration and social security: +€4,253
- Staff costs -€10,058
down €10,058 (-8.6%), from €116,672 to €106,614
- Gross operating margin +€6,304
up €6,304 (+5.1%), from €122,828 to €129,132
- Financial income +€3,037
new in 2025: €3,037
- Taxes +€1,996
up €1,996, from -€2 to €1,994
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,459 | €84,342 | -€117 | -0.1% |
| Fixed assets | 21/28 | €27,084 | €18,669 | -€8,415 | -31.1% |
| Tangible fixed assets | 22/27 | €27,084 | €18,669 | -€8,415 | -31.1% |
| Plant, machinery and equipment | 23 | €7,123 | €5,123 | -€2,000 | -28.1% |
| Furniture and vehicles | 24 | €19,961 | €13,546 | -€6,415 | -32.1% |
| Current assets | 29/58 | €57,375 | €65,673 | +€8,298 | +14.5% |
| Amounts receivable within one year | 40/41 | €56,567 | €64,816 | +€8,248 | +14.6% |
| Other amounts receivable | 41 | €56,567 | €64,816 | +€8,248 | +14.6% |
| Deferred charges and accrued income | 490/1 | €808 | €857 | +€49 | +6.1% |
| Total equity and liabilities | 10/49 | €84,459 | €84,342 | -€117 | -0.1% |
| Equity | 10/15 | €190 | €11,088 | +€10,898 | +5735.3% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | - | €6,588 | +€6,588 | |
| Distributable reserves | 133 | - | €6,588 | +€6,588 | |
| Profit (loss) carried forward | 14 | -€4,310 | - | +€4,310 | |
| Amounts payable | 17/49 | €84,269 | €73,254 | -€11,015 | -13.1% |
| Amounts payable within one year | 42/48 | €49,269 | €73,254 | +€23,985 | +48.7% |
| Financial debts | 43 | €3,248 | €38,158 | +€34,910 | +1074.8% |
| Credit institutions | 430/8 | €3,248 | €38,158 | +€34,910 | +1074.8% |
| Trade debts | 44 | €43,344 | €24,300 | -€19,044 | -43.9% |
| Suppliers | 440/4 | €43,344 | €24,300 | -€19,044 | -43.9% |
| Taxes, remuneration and social security | 45 | €435 | €6,555 | +€6,120 | +1405.7% |
| Taxes | 450/3 | €128 | €1,994 | +€1,866 | +1458.1% |
| Remuneration and social security | 454/9 | €307 | €4,561 | +€4,253 | +1383.9% |
| Other amounts payable | 47/48 | €2,242 | €4,242 | +€2,000 | +89.2% |
| Accrued charges and deferred income | 492/3 | €35,000 | - | -€35,000 | |
| Non-recurring operating income | 76A | - | €22 | +€22 | |
| Remuneration, social security and pensions | 62 | €116,672 | €106,614 | -€10,058 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,415 | €8,415 | = | 0.0% |
| Other operating charges | 640/8 | €1,049 | - | -€1,049 | |
| Gross operating margin | 9900 | €122,828 | €129,132 | +€6,304 | +5.1% |
| Operating profit (loss) | 9901 | -€3,308 | €14,103 | +€17,411 | |
| Financial income | 75/76B | - | €3,037 | +€3,037 | |
| Recurring financial income | 75 | - | €3,037 | +€3,037 | |
| Financial charges | 65/66B | €4,873 | €4,249 | -€624 | -12.8% |
| Recurring financial charges | 65 | €4,873 | €4,249 | -€624 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,181 | €12,892 | +€21,073 | |
| Income taxes | 67/77 | -€2 | €1,994 | +€1,996 | |
| Profit (loss) for the period | 9904 | -€8,179 | €10,898 | +€19,077 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,179 | €10,898 | +€19,077 |
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 9 October 2026 via checked.be.