BELKA SERVICES: 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 SERVICES
Largest movements
- Receivables within one year +€76,158
up €76,158 (+315.2%), from €24,164 to €100,322
of which Trade receivables: +€73,698
- Cash +€22,680
up €22,680 (+67.3%), from €33,690 to €56,370
mainly Trade debts (+€75,596) and Depreciation (+€12,185)
- Tangible fixed assets -€12,185
down €12,185 (-40.9%), from €29,828 to €17,643
of which Leasing and similar rights: -€7,752
- Trade debts +€75,596
up €75,596 (+42445.9%), from €178 to €75,774
- Profit (loss) carried forward +€12,043
up €12,043 (+28.5%), from €42,203 to €54,246
- Debts after one year -€7,296
down €7,296 (-68.6%), from €10,633 to €3,336
- Tax, wage and social debts +€6,310
up €6,310 (+76.2%), from €8,281 to €14,591
of which Taxes: +€6,310
- Gross operating margin -€25,909
down €25,909 (-46.5%), from €55,772 to €29,863
- Staff costs -€10,700
no longer reported in 2025 (was €10,700)
- Taxes +€3,347
new in 2025: €3,347
- Financial charges +€1,091
up €1,091 (+991.8%), from €110 to €1,201
- Other operating charges +€699
up €699 (+180.4%), from €387 to €1,086
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 | €87,681 | €174,334 | +€86,653 | +98.8% |
| Fixed assets | 21/28 | €29,828 | €17,643 | -€12,185 | -40.9% |
| Tangible fixed assets | 22/27 | €29,828 | €17,643 | -€12,185 | -40.9% |
| Furniture and vehicles | 24 | €7,506 | €3,073 | -€4,433 | -59.1% |
| Leasing and similar rights | 25 | €22,322 | €14,570 | -€7,752 | -34.7% |
| Current assets | 29/58 | €57,853 | €156,692 | +€98,838 | +170.8% |
| Amounts receivable within one year | 40/41 | €24,164 | €100,322 | +€76,158 | +315.2% |
| Trade receivables | 40 | €9,110 | €82,808 | +€73,698 | +809.0% |
| Other amounts receivable | 41 | €15,054 | €17,514 | +€2,460 | +16.3% |
| Cash at bank and in hand | 54/58 | €33,690 | €56,370 | +€22,680 | +67.3% |
| Total equity and liabilities | 10/49 | €87,681 | €174,334 | +€86,653 | +98.8% |
| Equity | 10/15 | €52,203 | €64,246 | +€12,043 | +23.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,203 | €54,246 | +€12,043 | +28.5% |
| Amounts payable | 17/49 | €35,479 | €110,089 | +€74,610 | +210.3% |
| Amounts payable after more than one year | 17 | €10,633 | €3,336 | -€7,296 | -68.6% |
| Financial debts | 170/4 | €10,633 | €3,336 | -€7,296 | -68.6% |
| Amounts payable within one year | 42/48 | €24,846 | €106,752 | +€81,906 | +329.7% |
| Current portion of amounts payable after more than one year | 42 | €1,387 | €1,387 | = | 0.0% |
| Trade debts | 44 | €178 | €75,774 | +€75,596 | +42445.9% |
| Suppliers | 440/4 | €178 | €75,774 | +€75,596 | +42445.9% |
| Taxes, remuneration and social security | 45 | €8,281 | €14,591 | +€6,310 | +76.2% |
| Taxes | 450/3 | €7,118 | €13,428 | +€6,310 | +88.6% |
| Remuneration and social security | 454/9 | €1,163 | €1,163 | = | 0.0% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €10,700 | - | -€10,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,185 | €12,185 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €1,086 | +€699 | +180.4% |
| Non-recurring operating charges | 66A | €574 | - | -€574 | |
| Gross operating margin | 9900 | €55,772 | €29,863 | -€25,909 | -46.5% |
| Operating profit (loss) | 9901 | €31,925 | €16,591 | -€15,334 | -48.0% |
| Financial charges | 65/66B | €110 | €1,201 | +€1,091 | +991.8% |
| Recurring financial charges | 65 | €110 | €1,201 | +€1,091 | +991.8% |
| Profit (loss) for the period before taxes | 9903 | €31,815 | €15,390 | -€16,425 | -51.6% |
| Income taxes | 67/77 | - | €3,347 | +€3,347 | |
| Profit (loss) for the period | 9904 | €31,815 | €12,043 | -€19,772 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,815 | €12,043 | -€19,772 | -62.1% |
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 10 October 2026 via checked.be.